Press Release November 24, 2025 FINWIZARD TECHNOLOGY PRIVATE LIMITED Rating Withdrawn

Product	Quantum (Rs. Cr)	Long Term Rating	Short Term Rating
Commercial Paper (CP)	40.00	-	Not Applicable | Withdrawn
Total Outstanding	0.00	-	-
Total Withdrawn	40.00	-	-

Rating Rationale

­Acuité has withdrawn the short-term rating on the Rs.40.00 Cr. proposed commercial paper without assigning any rating for Finwizard Technology Private Limited. The withdrawal is on account of a request received from the client, stating that there are no plans to raise additional commercial paper in the near future. The rating withdrawal is in accordance with Acuité's policy on withdrawal of rating as applicable to the respective facility / instrument.

About the Company

­Bangalore based, Finwizard Technology Private Limited was incorporated in 2015. The company is engaged in the business of wealth management and personal finance advisory, financial planning and distribution of financial products for their customers delivered through ‘Fisdom’ branded mobile and internet applications and other allied activities. Directors of the company are Mr. Anand Dalmia, Mr. Harsh Jain, Mr. Subramanya Venkat Sumukh, Mr. Lalit Keshre and Mr. Lalit Bhimani.

About the Group

­Finwizard Technology Private Limited, founded in 2015 and headquartered in Bengaluru, operates under the brands Fisdom, Finity, and Tax2win. It is a wealth-tech company offering digital solutions for mutual funds, stock broking, insurance, tax filing, and portfolio management services. The company partners with major banks to integrate its investment platform into mobile banking apps, reaching millions of users. Finwizard employs more than 400 professionals. Its mission is to make investing simple, accessible, and trustworthy for individuals across India. The group also caters to high-net-worth clients through Fisdom Private Wealth, offering PMS, AIFs, and structured products.

Unsupported Rating

­Not Applicable

Analytical Approach

Extent of Consolidation-Not Applicable

Rationale for Consolidation or Parent / Group / Govt. Support

­Not Applicable

Key Rating Drivers

Strength

­Not Applicable

Weakness

­Not Applicable

Rating Sensitivity

­Not Applicable

Liquidity Position

­Not Applicable

Outlook

­Not Applicable

Other Factors affecting Rating

­None

Key Financials - Standalone / Originator

­ Particulars Unit FY25 (Actual) FY24 (Actual) Total Assets Rs. Cr. 192.33 132.11 Total Income* Rs. Cr. 124.72 109.07 PAT Rs. Cr. (145.84) (17.45) Net Worth Rs. Cr. 84.71 (391.67) Return on Average Assets (RoAA) (%) (89.90) (14.13) Return on Average Net Worth (RoNW) (%) 95.02 11.51 Debt/Equity Times 0.74 (1.29) Gross NPA (%) _ _ Net NPA (%) _ _ *Total income equals to Net Interest Income plus other income

Key Financials (Consolidated)

­ Particulars Unit FY25 (Actual) FY24 (Actual) Total Assets Rs. Cr. 194.20 121.39 Total Income* Rs. Cr. 159.94 122.36 PAT Rs. Cr. (137.53) (18.02) Net Worth Rs. Cr. 73.72 (410.94) Return on Average Assets (RoAA) (%) (87.16) (15.86) Return on Average Net Worth (RoNW) (%) 81.57 10.82 Debt/Equity Times 0.87 (1.24) Gross NPA (%) - - Net NPA (%) - - *Total income equals to Net Interest Income plus other income

Status of non-cooperation with previous CRA (if applicable)

­Not applicable

Any Other Information

­None

Applicable Criteria

• Banks And Financial Institutions: https://www.acuite.in/view-rating-criteria-45.htm • Default Recognition: https://www.acuite.in/view-rating-criteria-52.htm • Application Of Financial Ratios And Adjustments: https://www.acuite.in/view-rating-criteria-53.htm • Consolidation Of Companies: https://www.acuite.in/view-rating-criteria-60.htm • Commercial Paper: https://www.acuite.in/view-rating-criteria-54.htm

Note on complexity levels of the rated instrument

­In order to inform the investors about complexity of instruments, Acuité has categorized such instruments in three levels: Simple, Complex and Highly Complex. Acuite’s categorisation of the instruments across the three categories is based on factors like variability of the returns to the investors, uncertainty in cash flow patterns, number of counterparties and general understanding of the instrument by the market. It has to be understood that complexity is different from credit risk and even an instrument categorized as 'Simple' can carry high levels of risk. For more details, please refer Rating Criteria “Complexity Level Of Financial Instruments” on www.acuite.in.

Rating History

Date Name of Instruments/Facilities Term Amount (Rs. Cr) Rating/Outlook 23 Jan 2025 Proposed Commercial Paper Program Short Term 40.00 ACUITE A3+ (Reaffirmed) 24 Oct 2024 Proposed Commercial Paper Program Short Term 40.00 ACUITE A3+ (Reaffirmed) 28 Aug 2024 Proposed Commercial Paper Program Short Term 40.00 ACUITE A3+ (Assigned)

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Annexure - Details of instruments rated

Lender’s Name ISIN Facilities Date Of Issuance Coupon Rate Maturity Date Quantum (Rs. Cr.) Complexity Level Rating Not Applicable Not avl. / Not appl. Proposed Commercial Paper Program Not avl. / Not appl. Not avl. / Not appl. Not avl. / Not appl. 40.00 Simple Not Applicable|Withdrawn

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*Annexure 2 - List of Entities (applicable for Consolidation or Parent / Group / Govt. Support)

­ Sr.No. Company Name 1 Finwizard Technology Private Limited 2 Winiin Taxscope Private Limited 3 Finwizard Insurance Broking Private Limited 4 Finwizard Technology Services Private Limited

Contacts

Mohit Jain Chief Analytical Officer - Rating Operations Yash Dharmale Analyst - Rating Operations	Contact details exclusively for investors and lenders Mob: +91 8591310146 Email ID: analyticalsupport@acuite.in

About Acuité Ratings & Research

Acuité is a full-service Credit Rating Agency registered with the Securities & Exchange Board of India (SEBI). The company received RBI Accreditation as an External Credit Assessment Institution (ECAI) for Bank Loan Ratings under BASEL-II norms in the year 2012. Acuité has assigned ratings to various securities, debt instruments and bank facilities of entities spread across the country and across a wide cross section of industries. It has its Registered and Head Office in Kanjurmarg, Mumbai. Disclaimer: An Acuité rating does not constitute an audit of the rated entity and should not be treated as a recommendation or opinion that is intended to substitute for a financial adviser's or investor's independent assessment of whether to buy, sell or hold any security. Ratings assigned by Acuité are based on the data and information provided by the issuer and obtained from other reliable sources. Although reasonable care has been taken to ensure that the data and information is true, Acuité, in particular, makes no representation or warranty, expressed or implied with respect to the adequacy, accuracy or completeness of the information relied upon. Acuité is not responsible for any errors or omissions and especially states that it has no financial liability whatsoever for any direct, indirect or consequential loss of any kind, arising from the use of its ratings. Ratings assigned by Acuité are subject to a process of surveillance which may lead to a revision in ratings as and when the circumstances so warrant. Please visit our website (www.acuite.in) for the latest information on any instrument rated by Acuité. Please visit https://www.acuite.in/faqs.htm to refer FAQs on Credit Rating. Note: None of the Directors on the Board of Acuité Ratings & Research Limited are members of any rating committee and therefore do not participate in discussions regarding the rating of any entity.