About APAC Group
APAC Group is a Financial Services company based in Mumbai (India) founded in 2017 by Sanjay Sharma, Viswanathan N, and Gunit Chadha. MSME loans are extended to underbanked businesses through digital underwriting. APAC Group has raised $132.46 million across 5 funding rounds from investors including Norwest Venture Partners, Creador and Multiples Alternate Asset Management. APAC Group was last valued at $289.9 million in March 2024. Its chief executive, as recorded, is Sankar Sastri. Its website apacfin.com draws about 11 thousand monthly visits. Its Indian entity Apac Financial Services Private Limited reported revenue of ₹259 Cr. Its focus areas include Consumer and SME Loans, SME Loans and Diversified. Its competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed competitors has raised funding.
Company details
Founded in 2017 and based in Mumbai, India, APAC Group operates as a diversified non-banking financial institution in the MSME lending sector. Quick, customized loans for needs like stock purchases and operational modernization are offered to underserved businesses. A branch network is maintained alongside a digital-first strategy that employs a proprietary platform for loan origination and assessment. Affordable housing loans are also provided.
- Headquarters Mumbai, India
- Founders Sanjay Sharma, Viswanathan N, Gunit Chadha
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website apacfin.com
- Social LinkedIn X Facebook Instagram
- Legal Name Apac Financial Services Private Limited
- Date of Incorporation 04 May, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹259 Cr
FY 2024 · +49% YoY
- Net Loss-₹11.73 Cr
FY 2024
- EBITDA₹130 Cr
FY 2024 · 50% margin
- Total Equity Funding$132.46M (USD)
in 5 rounds
- Latest Funding Round$42.5M (USD), Series B
Jan 2025
- InvestorsNorwest Venture Partners
& 18 more
Associated legal entities of APAC Group
APAC Group is associated with 2 registered companies on The Company Check; the primary company is Apac Financial Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Apac Financial Services Private Limited CIN U65999MH2017PTC294664 | Active | 04 May 2017 | Mumbai, Maharashtra | ₹259 Cr | 1,202 | 9 | View details |
| Apac Housing Finance Private Limited CIN U65999MH2017PTC294524 | Amalgamated | 01 May 2017 | Mumbai, Maharashtra | ₹2.9 Cr | 7 | 8 | View details |
Apps and channels of APAC Group
APAC Group publishes 2 mobile apps with over 10K+ downloads.
Funding Insights of APAC Group
APAC Group has successfully raised a total of $132.46M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $42.5 million completed in January 2025. 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 $132.46M
- Total Rounds 5
- Last Round Series B — $42.5M
- First Round $34.2M
(Dec 2018)
- Investors Count 19
All 5 funding rounds of APAC Group 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 |
|---|---|---|---|---|---|
| Jan 2025 | $42.5M | Series B | – | – | |
| Mar 2024 | $51.36M | Series B | $289.9M | Norwest Venture Partners, Rajamahendra Chola | |
| May 2019 | $4.26M | Series A | $125.27M | Shaila Viren Merchant, Shaila Viren Merchant | |
| Mar 2019 | $127,200 | Angel Round | $••••• | Praveen Vecha, Jatinder Mohan Singh Shah | – |
| Dec 2018 | $34.2M | Series A | $••••• | Multiples Alternate Asset Management, Plenty Investment Advisors | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2024 | $289.9M | •••••••• |
| May 2019 | $125.27M | •••••••• |
| Mar 2019 | $••••• | •••••••• |
| Dec 2018 | $••••• | •••••••• |
Full valuation and stage history of APAC Group
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
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $289.9M (Mar 2024). 19 investors in total: 5 institutional and 14 angel.
Investors in APAC Group
APAC Group has secured backing from 19 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Norwest Venture Partners, Creador and Multiples Alternate Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm focusing on partnerships in consumer, healthcare, and business services across Southeast Asia and India. | 2011 | creador.com | Kuala Lumpur, Malaysia | |
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Investment partnerships, entrepreneur support, and profit-focused services in finance. | 2009 | multiplesequity.com | Mumbai, India | |
Offers comprehensive investment advisory services for financial growth. | plentyinvestmentadvisors.com | Ebene City, Mauritius | ||
GC Gunit Chadha | Angel investor, ex-CEO of Deutsche Bank APAC, fintech enthusiast | unknown_70d11ee106434ca7a | ||
SV Shaila Viren Merchant | unknown_25edb145c15f410b9 | |||
SM Sanjay Maliah | unknown_f597caa435c645f28 | |||
PS Paresh Sukthankar | unknown_a31751ee98c44b4f9 | |||
MS Madhu Sudan Misra | unknown_ebc7b8e1e2e144f88 | |||
RC Rohit Chopra | Angel investor, ex-entrepreneur, focused on Indian startups in tech and consumer sectors. | unknown_463b04b968b94e9c8 |
Investor details for APAC Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Apac Financial Services Private Limited (APAC Group)
Apac Financial Services Private Limited is the primary company behind APAC Group. The boards of the 2 registered companies of APAC Group currently have 10 directors; the longest-serving is Gunit Chadha, appointed in 2017. 22 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gunit Chadha DIN 00078184 | Director | 01 May 2017 | 9 yrs 5 mo | Apac Housing Finance Private Limited, Apac Financial Services Private Limited |
| Shankar Jyoti Dey DIN 00056794 | Director | 01 Jul 2017 | 9 yrs 3 mo | Apac Housing Finance Private Limited, Apac Financial Services Private Limited |
| Sanjay Pushpendra Maliah DIN 02491696 | Director | 30 Mar 2019 | 7 yrs 6 mo | Apac Financial Services Private Limited |
| Nithya Easwaran DIN 03605392 | Director | 26 Jun 2019 | 7 yrs 3 mo | Apac Housing Finance Private Limited, Apac Financial Services Private Limited |
| Sankar Sastri DIN 09342482 | CEO | 12 Mar 2021 | 5 yrs 7 mo | Apac Housing Finance Private Limited |
| Sanjay Arvind Athalye DIN 07650678 | Director | 30 Mar 2021 | 5 yrs 6 mo | Apac Housing Finance Private Limited |
| Neeraj Bhushan Bhai DIN 09342931 | Director | 01 Oct 2021 | 5 yrs | Apac Housing Finance Private Limited |
| Robin Bhanwarlal Agarwal DIN 08572806 | Director | 15 Mar 2024 | 2 yrs 7 mo | Apac Financial Services Private Limited |
| Ajit Ramesh Raikar DIN 10942692 | Director | 12 Feb 2025 | 1 yr 8 mo | Apac Financial Services Private Limited |
| Phani Shankar DIN 09663183 | Additional Director | 05 Sep 2025 | 1 yr 1 mo | Apac Financial Services Private Limited |
People of APAC Group
35 people are tracked at APAC Group (18 in leadership, 17 in team).
| Name | Role | Group |
|---|---|---|
Sanjay Sharma | Co-Founder & Group Chief People Officer | Leadership |
Viswanathan N | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| CEO | Leadership | |
Divya Chandran | Chief Manager - Finance & Accounts | Leadership |
Shashi Purohit | State Head | Leadership |
Ritesh Mehra | Cluster Head | Leadership |
sanjay makhijani | Area Head | Leadership |
Laxminarayan Hallennawar | State Credit Head | Leadership |
Antonette Fernandes | Chief Manager Human Resources | Leadership |
Biswanath Bhuyan | National Head - Collections | Leadership |
Nikhil Bandi | Chief Technology Digital and Operations Officer | Leadership |
Prashant Hegde | Product Head | Leadership |
Selvaraj K | Chief Complaince Officer & General Counsel | Leadership |
Pankaj Patil | Associate Vice President | Leadership |
FYSAL Y | State Head Sales | Leadership |
Dhanyakumar Amboji | Assistant Vice President - South & RJ - Talent Acquisition - HRD | Leadership |
Pradeep Prajapati | Head Of Treasury | Leadership |
Shital Yadav | Application Developer | Team |
Nishad Sutar | Software Engineer Trainee | Team |
15 more people are available in the full profile.
Complete people profiles for APAC Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of APAC Group
Figures of Apac Financial Services Private Limited, the primary company behind APAC Group, for FY 2024. Revenue was ₹259 Cr (+49% year on year). Net loss was -₹11.73 Cr. EBITDA was ₹130 Cr (50% margin). Revenue has grown at a compounded annual rate of +62% over three years and +75% over five years.
- ₹259 CrRevenue · FY 2024 · +49% YoY
- -₹11.73 CrNet loss
- ₹130 CrEBITDA · 50% margin
- ₹381 CrPaid-up capital
- 1,202Employees (provident fund records)
- +62%Revenue CAGR, 3 years
- +75%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Apac Financial Services Private Limited are on its company page.
Detailed financial statements for APAC Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of APAC Group
4 dated milestones of APAC Group across 8 years, from founding to its latest funding, stage changes and deals.
- Founded APAC Group is founded.
- Funding First funding round of $34.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $42.5M.
Competitors of APAC Group
APAC Group has 3 listed competitors in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. |
Detailed competitors of APAC Group
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of APAC Group
The website of APAC Group (apacfin.com) receives about 11K visits a month.
- Monthly visits11K
▲ 202% vs previous month
Websites whose visitors overlap most with APAC Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
apac-accreditation.org | apac-accreditation.org | 100% | #1,456,776 | – |
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as APAC Group (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 36,520 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Apac Group
Complete news archive for APAC Group
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about APAC Group
APAC Group was founded in 2017 and raised its 1st funding round 1 year after it was founded.
APAC Group is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sankar Sastri is the CEO of APAC Group, as recorded in our data.
APAC Group is a funded company, having raised a total of $132.46M across 5 funding rounds to date. The company's 1st funding round was a Series A of $34.2M, raised on Dec 2018.
The primary company behind APAC Group, Apac Financial Services Private Limited, reported revenue of ₹259 Cr for FY 2024, up 49% year on year.
Founded in 2017 and based in Mumbai, India, APAC Group operates as a diversified non-banking financial institution in the MSME lending sector. Quick, customized loans for needs like stock purchases and operational modernization are offered to underserved businesses. A branch network is maintained alongside a digital-first strategy that employs a proprietary platform for loan origination and assessment. Affordable housing loans are also provided.
APAC Group's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
APAC Group has 19 investors. Key investors include Norwest Venture Partners, Creador, Multiples Alternate Asset Management, Rajamahendra Chola, and Gunit Chadha.
The valuation of APAC Group is $289.9M as of Mar 2024.
APAC Group is associated with 2 legal entities: Apac Financial Services Private Limited, Apac Housing Finance Private Limited.
The legal entities of APAC Group currently have 11 directors, including Sankar Sastri, Akhil Ashok Parikh, Shankar Jyoti Dey and others.
Yes. APAC Group publishes APACm Loan App and 1 more app, with over 10,000 downloads.