About ANDROMEDA LOANS
ANDROMEDA LOANS is a Financial Services company based in Mumbai (India) founded in 1991 by V Swaminathan, and was acquired by Metdist in August 2019. Loan deals are facilitated through partner banks for customers. ANDROMEDA LOANS has raised $6.62 million across 2 funding rounds from investors including Deewan Housing Finance Corporation, Murzash Manekshana and Sonali Joshi. The company has 3,831 employees. ANDROMEDA LOANS was last valued at $8.08 million in June 2012. Its chief executive, as recorded, is V Swaminathan. Its website andromedaloans.com draws about 26 thousand monthly visits. Its Indian entity Andromeda Sales And Distribution Private Limited reported revenue of ₹1,493 Cr. ANDROMEDA LOANS offers products and services including Loan Distribution and Financial Tools. Its focus areas include Service Providers to Banks and Credit Brokers.
Company details
Andromeda Loans was founded in 1991 in Mumbai, India, and operates as a credit broker in the financial services sector. Financial products tailored to customer needs are identified and matched. Loan deals are arranged via partnerships with banks. The focus remains on brokerage services within the Indian market, supporting access to suitable credit options.
- Headquarters Mumbai, India
- Employees 3,831
- Founders V Swaminathan
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website andromedaloans.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Deewan Housing Finance Corporation (Jun 2016)
- Legal Name Andromeda Sales & Distribution Private Limited
- Date of Incorporation 02 Jun, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1,493 Cr
FY 2024 · +43% YoY
- Net Profit₹45.91 Cr
FY 2024 · 3% margin
- EBITDA₹90.76 Cr
FY 2024 · 6% margin
- Total Equity Funding$6.62M (USD)
in 2 rounds
- Latest Funding Round$6.37M (USD), Angel Round
Jun 2012
- InvestorsDeewan Housing Finance Corporation
& 9 more
- Employee Count3,831
- Acquired by
Associated legal entities of ANDROMEDA LOANS
ANDROMEDA LOANS operates through Andromeda Sales And Distribution Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Andromeda Sales And Distribution Private Limited CIN U74999MH2010PTC203612 | Amalgamated | 02 Jun 2010 | Mumbai, Maharashtra | ₹1,493 Cr | 3,831 | 6 | View details |
Products & Services of ANDROMEDA LOANS
ANDROMEDA LOANS offers a comprehensive portfolio of products and services, including Loan Distribution and Financial Tools.
Loans are distributed through partnerships with banks and NBFCs to facilitate financial access for customers
Tools such as EMI calculators and balance transfer calculators are provided to assist in loan planning and management
Apps and channels of ANDROMEDA LOANS
its YouTube channel Andromeda Loans has 3.59K subscribers and 30 videos.
Videos from ANDROMEDA LOANS
The most watched videos on ANDROMEDA LOANS's YouTube channel, Andromeda Loans (3.59K subscribers). Click a video to play it here.
More on Andromeda Loans.
Funding Insights of ANDROMEDA LOANS
ANDROMEDA LOANS has successfully raised a total of $6.62M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $6.37 million completed in June 2012. 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 $6.62M
- Total Rounds 2
- Last Round Angel Round — $6.37M
- First Round $255,302
(Oct 2011)
- Investors Count 7
All 2 funding rounds of ANDROMEDA LOANS 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 |
|---|---|---|---|---|---|
| Jun 2012 | $6.37M | Angel Round | $8.08M | – | |
| Oct 2011 | $255,302 | Angel Round | $1.62M | Ketan Gogri, Yograj Bhandari |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2012 | $8.08M | •••••••• |
| Oct 2011 | $1.62M | •••••••• |
Last known valuation $8.08M (Jun 2012). 9 investors in total: 2 institutional and 7 angel.
Investors in ANDROMEDA LOANS
ANDROMEDA LOANS has secured backing from 9 investors, including angel and institutional investors. Prominent investors backing the company include Deewan Housing Finance Corporation, Murzash Manekshana and Sonali Joshi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of diversified financial services | 1984 | dhfl.com | Mumbai, India | |
Metdist is a company with limited information available. | metdist.com | |||
MM Murzash Manekshana | unknown_55885b0530e848198 | |||
SJ Sonali Joshi | unknown_17c33a731cfb4be98 | |||
SP Sunil Pophale | unknown_031204a587c84593a | |||
SR Sunita Ramnathkar | unknown_d3bf090bb69a44e79 | |||
ZM Zareena Moidu | unknown_d466c7f652044fc6b | |||
KG Ketan Gogri | unknown_54dd4ce3bbd14162a | |||
YB Yograj Bhandari | unknown_23e8724eb06e45189 |
Investor details for ANDROMEDA LOANS
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Andromeda Sales And Distribution Private Limited (ANDROMEDA LOANS)
Andromeda Sales And Distribution Private Limited is the primary company behind ANDROMEDA LOANS. The board of Andromeda Sales And Distribution Private Limited currently have 4 directors; the longest-serving is Venugopalan Swaminathan, appointed in 2014. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venugopalan Swaminathan DIN 00239434 | Director | 01 Nov 2014 | 12 yrs | Andromeda Sales And Distribution Private Limited |
| Prasad Ghanshyam Desai DIN 03570407 | Director | 14 Aug 2019 | 7 yrs 2 mo | Andromeda Sales And Distribution Private Limited |
| Rajan Mittal DIN 02191501 | Director | 14 Aug 2019 | 7 yrs 2 mo | Andromeda Sales And Distribution Private Limited |
| George Mark Thornton DIN 08561612 | Director | 19 Sep 2019 | 7 yrs 1 mo | Andromeda Sales And Distribution Private Limited |
People of ANDROMEDA LOANS
16 people are tracked at ANDROMEDA LOANS (10 in leadership, 6 in team); the tracked headcount is 3,831.
| Name | Role | Group |
|---|---|---|
V Swaminathan | Founder & CEO | Leadership |
Ishwari Jadhav | Head Of HR | Leadership |
Kedar Joshi | Head - Analytics | Leadership |
Hemant Sinha | Business Head | Leadership |
Ramchandra Yadav | Associate Partner | Leadership |
Vijay Kumar Tailor | Assistant Vice President | Leadership |
Avaneet Upadhyay | Assistant Vice President | Leadership |
Naveen Sinha | Cluster Head | Leadership |
Manoj Shah | Chief Technology Officer | Leadership |
Rahul Bhagat | Head - Insurance Cross Sell | Leadership |
Mandar Nalawade | Team Leader | Team |
Avinash Jaiswal | Business Development Manager | Team |
Varun Chitkara | Senior Business Manager | Team |
Priytam Priyadarshi | Digital Marketing Manager | Team |
Hariom Sharan Dubey | Area Sales Manager | Team |
Gopal R Singh | Senior Operations Officer | Team |
Complete people profiles for ANDROMEDA LOANS
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of ANDROMEDA LOANS
Figures of Andromeda Sales And Distribution Private Limited, the primary company behind ANDROMEDA LOANS, for FY 2024. Revenue was ₹1,493 Cr (+43% year on year). Net profit was ₹45.91 Cr (3% margin). EBITDA was ₹90.76 Cr (6% margin). Revenue has grown at a compounded annual rate of +70% over three years and +37% over five years.
- ₹1,493 CrRevenue · FY 2024 · +43% YoY
- ₹45.91 CrNet profit · 3% margin
- ₹90.76 CrEBITDA · 6% margin
- ₹8.47 CrPaid-up capital
- 3,831Employees (provident fund records)
- +70%Revenue CAGR, 3 years
- +37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Andromeda Sales And Distribution Private Limited are on its company page.
Detailed financial statements for ANDROMEDA LOANS
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of ANDROMEDA LOANS
6 dated milestones of ANDROMEDA LOANS across 28 years, from founding to its latest funding, stage changes and deals.
- Founded ANDROMEDA LOANS is founded.
- Funding First funding round of $255K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $6.4M.
- Exit Acquired by Deewan Housing Finance Corporation.
- Exit Acquired by Metdist.
Web traffic of ANDROMEDA LOANS
The website of ANDROMEDA LOANS (andromedaloans.com) receives about 26.3K visits a month and ranks #868,796 among all websites worldwide, #9,892 in Banking Credit and Lending.
- Monthly visits26.3K
▼ 11.1% vs previous month
- Unique visitors14.7K
per month
- Global rank#868,796
among all websites
- Category rank#9,892
Finance · Banking Credit and Lending
- Bounce rate39%
- Pages per visit2.8
- Average visit1 min 12 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with ANDROMEDA LOANS. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mymoneymantra.com | 100% | 279.2K | #153,125 | View details | |
pnbcsl.in | pnbcsl.in | 99% | #392,203 | – | |
| ubisl.co.in | 98% | #6,985,759 | View details | ||
| dealsofloan.com | 93% | 15.3K | #2,563,197 | View details | |
protium.co.in | protium.co.in | 93% | #371,034 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Andromeda Loans
Complete news archive for ANDROMEDA LOANS
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Frequently Asked Questions about ANDROMEDA LOANS
ANDROMEDA LOANS was founded in 1991 and raised its 1st funding round 20 years after it was founded.
ANDROMEDA LOANS is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
V Swaminathan is the CEO of ANDROMEDA LOANS, as recorded in our data. They have also founded this company.
ANDROMEDA LOANS is a funded company, having raised a total of $6.62M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $255.3K, raised on Oct 2011.
ANDROMEDA LOANS has 3,831 employees.
The primary company behind ANDROMEDA LOANS, Andromeda Sales And Distribution Private Limited, reported revenue of ₹1,493 Cr for FY 2024, up 43% year on year.
Andromeda Loans was founded in 1991 in Mumbai, India, and operates as a credit broker in the financial services sector. Financial products tailored to customer needs are identified and matched. Loan deals are arranged via partnerships with banks. The focus remains on brokerage services within the Indian market, supporting access to suitable credit options.
ANDROMEDA LOANS offers Loan Distribution and Financial Tools.
ANDROMEDA LOANS has 9 investors. Key investors include Deewan Housing Finance Corporation, Murzash Manekshana, Sonali Joshi, Sunil Pophale, and Sunita Ramnathkar.
The valuation of ANDROMEDA LOANS is $8.08M as of Jun 2012.
ANDROMEDA LOANS operates through Andromeda Sales And Distribution Private Limited.
Yes. ANDROMEDA LOANS was acquired by Deewan Housing Finance Corporation in June 2016.