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India’s financial services sector has witnessed another significant consolidation move, as Oxyzo Financial Services announced the acquisition of a 100% stake in GoldenPi Technologies and its affiliate GoldenPi Securities. The deal marks a decisive expansion for the technology driven Non Banking Financial Company, which has thus far been predominantly focused on SME financing, into the retail fixed income investment segment.
A Calculated Strategic Move
Oxyzo, which reported assets under management of approximately ₹10,700 crore as of March 2026, has been steadily broadening its financial services footprint. Earlier this year, the company launched Oxyzo Credit Fund I, a performing credit fund under its alternative investment platform, and established Oxyzo Investment Manager Private Limited to anchor its fund management ambitions. The acquisition of GoldenPi represents a natural progression of this strategy — adding a retail facing distribution channel to an already expanding fixed income business.
What GoldenPi Brings to the Table
Founded in 2017 by Abhijit Roy and Samir Baran Pratihar, GoldenPi has carved a credible niche in India’s retail bond investment space. The Bengaluru based platform operates as a SEBI-registered online bond platform, offering retail investors access to listed corporate bonds, government securities, fixed deposits, and non-convertible debentures. Over the years, the platform has built a user base exceeding 16 lakh investors, with cumulative investments surpassing ₹6,000 crore and a notable record of zero defaults. Backed previously by Rainmatter Capital and investor Utpal Sheth, GoldenPi enters this acquisition with a well established market presence and a reputation for reliability.
Expanding the Fixed Income Offering
The acquisition enables Oxyzo to enhance its fixed income offerings for both retail and high net worth investors, as stated by the company. With GoldenPi’s established user base and distribution capabilities, Oxyzo gains a direct channel to connect investors with debt instruments — complementing its existing lending and fund management operations under one organisational umbrella.
Financial Strength Underpins the Ambition
Oxyzo’s financial performance lends credibility to its expansion strategy. The company posted operating revenue of ₹1,207 crore in FY25, up from ₹903 crore in FY24, while profit after tax grew to ₹340 crore from ₹291 crore in the previous fiscal year. This consistent growth trajectory provides the financial foundation necessary to integrate and scale GoldenPi’s operations effectively.
As ≈ continues to diversify beyond SME lending, the GoldenPi acquisition signals a clear intent to capture a larger share of India’s fast growing debt investment market — a goal the company has itself articulated in its official communication.
