About Altum Credo
Altum Credo is a company based in Pune (India) founded in 2016 by Vikrant Bhagwat, Ashish Tewari, and Ganesh Rao. It operates as a B2B. Altum Credo has raised $67.3 million across 4 funding rounds from investors including British International Investment, Z3Partners and Amicus Capital Partners. The company has 614 employees. Altum Credo operates in a competitive market with competitors including India Shelter Finance Corporation, HDFC, Ummeed Housing Finance, Aadhar Housing Finance and Shubham, among others.
- Headquarter Pune, India
- Employees 614
- Founders Vikrant Bhagwat, Ashish Tewari, Ganesh Rao
- Stage Minicorn
- SectorsFinancial Services
- Website altumcredo.com
- Social X Facebook
- Legal Name Altum Credo Home Finance Private Limited
- Date of Incorporation 12 Sep, 2016
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹119 Cr
FY 2024 · +64% YoY
- Net Profit₹19.98 Cr
FY 2024 · 17% margin
- EBITDA₹71.51 Cr
FY 2024 · 60% margin
- Total Equity Funding$67.3M (USD)
in 4 rounds
- Latest Funding Round$40M (USD), Series C
Apr 2024
- InvestorsBritish International Investment
& 12 more
- Employee Count614
Associated legal entities of Altum Credo
Altum Credo operates through Altum Credo Home Finance Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Altum Credo Home Finance Private Limited CIN U65999PN2016PTC166384 | Active | 12 Sep 2016 | Pune, Maharashtra | ₹119 Cr | 614 | 9 | View details |
Apps and channels of Altum Credo
Altum Credo publishes 1 mobile app with over 1K+ downloads.
Funding Insights of Altum Credo
Altum Credo has successfully raised a total of $67.3M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $67.3M
- Total Rounds 4
- Last Round Series C — $40M
- First Round $9.83M
(Apr 2018)
- Investors Count 13
All 4 funding rounds of Altum Credo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $40M | Series C | – | Z3Partners, Oikocredit | |
| Nov 2021 | $11.83M | Series B | $59.26M | Amicus Capital Partners | |
| Dec 2019 | $5.65M | Angel Round | $35.71M | Sheela Pai Cole, Sunaina Pai Ocalan | – |
| Apr 2018 | $9.83M | Series A | $••••• | Aavishkaar Capital |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2021 | $59.26M | •••••••• |
| Dec 2019 | $35.71M | •••••••• |
| Apr 2018 | $••••• | •••••••• |
Full valuation and stage history of Altum Credo
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
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Verified entity values are shown only after access is granted.
Last known valuation $59.26M (Nov 2021). 13 investors in total: 5 institutional and 8 angel.
Investors in Altum Credo
Altum Credo has secured backing from 13 investors, including venture fund and angel investors. Prominent investors backing the company include British International Investment, Z3Partners and Amicus Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech and digital investing services in India. | 2019 | z3partners.com | Mumbai, India | |
Private equity firm investing in multiple sectors | – | oikocredit.coop | Amersfoort, Netherlands | |
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Investment services in financial services, consumer, healthcare, technology, and manufacturing sectors. | 2015 | amicuscapital.in | Bengaluru, India | |
Venture capital firm | – | aavishkaarcapital.in | Mumbai, India | |
SP Sheela Pai Cole | - | – | unknown_956225781ace4ad0a | - |
SP Sunaina Pai Ocalan | - | – | unknown_b86a673e47464b5d8 | - |
RS Rhea Sibel Ocalan | - | – | unknown_bfac27695f5049699 | - |
DM Deepti Malik | - | – | unknown_5c42bd8a7460401aa | - |
SB Sandeep Bhave | - | – | unknown_e9d3b47c7be44854a | - |
Investor details for Altum Credo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Altum Credo Home Finance Private Limited (Altum Credo)
Altum Credo Home Finance Private Limited is the primary company behind Altum Credo. The board of Altum Credo Home Finance Private Limited currently have 9 directors; the longest-serving is Vikrant Vishwas Bhagwat, appointed in 2016. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikrant Vishwas Bhagwat DIN 06552246 | Managing Director | 12 Sep 2016 | 10 yrs | Altum Credo Home Finance Private Limited |
| Avishek Addy DIN 07973542 | Director | 18 Nov 2021 | 4 yrs 10 mo | Altum Credo Home Finance Private Limited |
| Himanshu Joshi DIN 07214254 | Director | 15 Dec 2021 | 4 yrs 9 mo | Altum Credo Home Finance Private Limited |
| Radhey Shyam Garg DIN 08650678 | Director | 11 Aug 2022 | 4 yrs 1 mo | Altum Credo Home Finance Private Limited |
| Vijaya Lakshmi Shankar DIN 10234934 | Director | 11 Jul 2023 | 3 yrs 2 mo | Altum Credo Home Finance Private Limited |
| Anurag Agrawal DIN 02385780 | Nominee Director | 11 Jan 2024 | 2 yrs 8 mo | Altum Credo Home Finance Private Limited |
| Vivek Anil Jain DIN 07227356 | CFO | 06 Jun 2024 | 2 yrs 4 mo | Altum Credo Home Finance Private Limited |
| Rishi Maheshwari DIN 00674019 | Nominee Director | 03 Mar 2025 | 1 yr 7 mo | Altum Credo Home Finance Private Limited |
| Sanjaya Gupta DIN 02939128 | Nominee Director | 07 Aug 2025 | 1 yr 2 mo | Altum Credo Home Finance Private Limited |
People of Altum Credo
9 people are tracked at Altum Credo (4 in leadership, 4 in board & advisors, 1 in team); the tracked headcount is 614.
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Chetan Bhave | Head Of Legal | Leadership |
| Independent Director | Board & advisors | |
Sushma Kaushik | Nominee Director | Board & advisors |
| Independent Director | Board & advisors | |
Mahesh Parasuraman | Board Observer | Board & advisors |
Anandakumar S | Regional Sales Manager | Team |
Complete people profiles for Altum Credo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Altum Credo
Figures of Altum Credo Home Finance Private Limited, the primary company behind Altum Credo, for FY 2024. Revenue was ₹119 Cr (+64% year on year). Net profit was ₹19.98 Cr (17% margin). EBITDA was ₹71.51 Cr (60% margin). Revenue has grown at a compounded annual rate of +80% over three years and +69% over five years.
- ₹119 CrRevenue · FY 2024 · +64% YoY
- ₹19.98 CrNet profit · 17% margin
- ₹71.51 CrEBITDA · 60% margin
- ₹112 CrPaid-up capital
- 614Employees (provident fund records)
- +80%Revenue CAGR, 3 years
- +69%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Altum Credo Home Finance Private Limited are on its company page.
Detailed financial statements for Altum Credo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Altum Credo
4 dated milestones of Altum Credo across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Altum Credo is founded.
- Funding First funding round of $9.8M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $40.0M.
Competitors of Altum Credo
Altum Credo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as India Shelter Finance Corporation, HDFC, Ummeed Housing Finance, Aadhar Housing Finance and Shubham, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| indiashelter.in | 2010 | Gurugram, India | $111.02M | 3,323 | Housing loans are extended to middle-income households in India. | |
| hdfc.com | 1977 | Mumbai, India | – | 213,527 | Provider of housing finance solutions | |
| ummeedhfc.com | 2016 | Gurugram, India | $121.17M | 1,643 | Real estate financing company | |
| aadharhousing.com | 2010 | Mumbai, India | $607.85M | 4,347 | Loans for affordable housing in tier 2,3 and 4 cities | |
| shubham.co | 2010 | Gurugram, India | $236.82M | 4,107 | Affordable housing finance solutions are provided to underserved individuals. | |
| vastuhfc.com | 2015 | Mumbai, India | $804.82M | 4,123 | Home and business loans are provided by Vastu Housing Finance. | |
| homecredit.co.in | 2012 | Gurugram, India | – | 4,509 | Multiple consumer loan products and financial services are offered. | |
| spandanasphoorty.com | 1998 | Hyderabad, India | $192M | 14,250 | Microfinance and consumer durable loans are provided to rural households. | |
| credright.com | 2016 | Bengaluru, India | $26.19M | 980 | Platform offering financial solutions |
Detailed competitors of Altum Credo
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Latest news on Altum Credo
Complete news archive for Altum Credo
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Verified entity values are shown only after access is granted.
Similar companies to Altum Credo
10 companies that operate in the same segment as Altum Credo (REITs), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wireless communications infrastructure and data center solutions are provided. | 1994 | Boston, Massachusetts, United States | – | USD 10.64 B | 4,690 | |
REIT that invests in campuses, multi-tenant spaces and build-to-suit facilities in the US | 1994 | Pasadena, California, United States | – | USD 3.03 B | 552 | |
Telecom and network infrastructure investments are managed as a REIT. | 2015 | Little Rock, Arkansas, United States | – | USD 2.23 B | 758 | |
Open-air shopping centers are operated with grocery and mixed-use properties. | 1958 | Jericho, United States | – | USD 2.15 B | 717 | |
REIT that invests in residential and mixed-use rental properties in the United States | 1994 | Santa Rosa, United States | – | USD 2.96 B | 2,990 | |
Temperature-controlled warehousing and logistics services are provided globally. | 1903 | Atlanta, Georgia, United States | – | USD 2.6 B | 13,760 | |
REIT that invests in commercial properties such as office and retail | 1980 | New York, New York, United States | – | USD 1.03 B | 1,220 | |
REIT that focuses on senior living and healthcare sectors | 1992 | Hunt Valley, Maryland, United States | – | USD 1.2 B | 60 | |
Wireless infrastructure is leased and developed for service providers. | 1989 | Boca Raton, Florida, United States | – | USD 2.82 B | 1,720 | |
Healthcare real estate investment trust | 1970 | Toledo, Ohio, United States | – | USD 6.56 B | 533 |
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Frequently Asked Questions about Altum Credo
Altum Credo was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Altum Credo is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Vikrant Bhagwat is the current CEO of Altum Credo. They have also founded this company.
Altum Credo is a funded company, having raised a total of $67.3M across 4 funding rounds to date. The company's 1st funding round was a Series A of $9.83M, raised on Apr 2018.
Altum Credo has 614 employees.
The primary company behind Altum Credo, Altum Credo Home Finance Private Limited, reported revenue of ₹119 Cr for FY 2024, up 64% year on year.
Altum Credo, established in 2016, excels in finance, banking, facilitating loans and financing, and real estate loans. Delivers comprehensive solutions for commercial and residential real estate loans. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Altum Credo's top competitors include India Shelter Finance Corporation, HDFC and Aadhar Housing Finance.
Altum Credo has 13 investors. Key investors include British International Investment, Z3Partners, Amicus Capital Partners, Oikocredit, and Aavishkaar Capital.
The valuation of Altum Credo is $59.26M as of Nov 2021.
Altum Credo operates through Altum Credo Home Finance Private Limited.
The legal entities of Altum Credo currently have 9 directors, including Vikrant Vishwas Bhagwat, Avishek Addy, Himanshu Joshi and others.