Sachin Bansal's Navi turns profitable, posts ₹71 cr profit in FY21

Financial services company Navi Technologies, founded by Flipkart's Sachin Bansal and Ankit Agarwal, turned profitable in FY21. Navi posted a profit of ₹71 crore in FY21, as compared with ₹8 crore loss in the previous year. While its total income rose 251% year-on-year to ₹780 crore, its expenditures also grew from ₹212 crore in FY20 to ₹673 crore in FY21.

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