The SIDBI–NSE promoted RXIL reports strong profitability after wiping off accumulated losses in FY24

Receivables Exchange of India Ltd (RXIL), a Trade Receivables Discounting System (TReDS) platform promoted by SIDBI and National Stock Exchange of India, along with State Bank of India, ICICI Bank and Yes Bank, has declared and paid an interim dividend of 21.6% on its shares of Rs 10 face value.

“The dividend declaration positions RXIL as the first TReDS platform in the country to return capital to its stakeholders, reflecting the maturity, resilience, and financial sustainability of a market infrastructure built to address structural liquidity challenges faced by MSMEs,” per a company statement.

RXIL has a network of over 3,200 buyers and more than 70 financiers, including banks and NBFCs on its TReDS platform. It facilitates monthly receivables financing transaction volumes of around ₹12,000 crore, the statement said.

Since inception in 2016, the platform has enabled financing of over ₹2.6 lakh crore across more than one crore invoices, supporting over 57,000 MSMEs, making working capital accessible with support from buyer’s credit, not the MSME’s balance sheet, it added.

Ketan Gaikwad, MD & CEO, RXIL, observed that TReDS has fundamentally changed how capital flows to MSMEs in India by bringing together small suppliers, large buyers and financiers on a single, trusted digital infrastructure.

RXIL TReDS platform turned profitable in 2023, wiping off accumulated losses in FY24 and reporting a strong profit performance in FY25, enabling the dividend distribution. Gaikwad said RXIL, which clocked a net profit of about Rs 52 crore in FY25, expects to earn a net profit of Rs 72 crore in FY26.

Further, the platform’s throughput has scaled significantly from ₹223 crore in FY18 to ₹80,457 crore in FY25.