PhysicsWallah sells ₹95.8 crore loan portfolio to Auxilo
In short
PhysicsWallah sold a ₹95.8 crore loan portfolio to Auxilo Finserve and has partly shut its lending business. The company plans to move lending work to outside NBFCs.
This may reduce PhysicsWallah’s direct lending activity, but the report does not say how much of the business is changing or whether more sales are coming.
What the reporting says
PhysicsWallah sold a ₹95.8 crore loan portfolio to Auxilo Finserve and partially shut lending operations, according to the reporting. The move is part of a strategic realignment that would shift lending activities to established third-party NBFCs. The immediate consequence is a narrower in-house lending role, while the report does not state whether more assets will be sold or how much the shutdown affects overall operations.
Why it matters
PhysicsWallah sold a ₹95.8 crore loan portfolio to Auxilo Finserve as part of a strategic shift away from in-house lending. The reporting says the company plans to move lending activities to established third-party NBFCs. That suggests a smaller direct lending footprint for PhysicsWallah, but the available summary does not say how much lending will remain or whether additional transactions are planned.