About Arogya Finance
Arogya Finance is a Financial Services company based in Mumbai (India) founded in 2011 by Yogesh Mariwalla. Medical loans are extended to unbankable individuals and families. Arogya Finance has raised $988.46 thousand across 7 funding rounds from investors including Italica, 1Crowd and Index Advisory. Arogya Finance was last valued at $3.42 million in June 2024. Its Indian entity Ramtirth Leasing And Finance Company Private Limited reported revenue of ₹6.07 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include CareCover and Qonect.
Company details
Arogya Finance was established in 2011 in Mumbai, India, within the financial services sector. Medical loans are offered to individuals and families excluded from traditional banking due to lack of formal documentation like salary slips or collateral. A proprietary credit evaluation method is utilized to assess eligibility and facilitate lending. Operations focus on underserved populations in India, enabling access to healthcare financing without standard requirements.
- Headquarters Mumbai, India
- Founders Yogesh Mariwalla
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website arogyafinance.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Ramtirth Leasing And Finance Company Private Limited
- Date of Incorporation 12 Jun, 1995
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹6.07 Cr
FY 2024 · +65% YoY
- Net Profit₹27.5 Lakh
FY 2024 · 5% margin
- EBITDA₹2.09 Cr
FY 2024 · 34% margin
- Total Equity Funding$988.46K (USD)
in 7 rounds
- Latest Funding Round$359.52K (USD), Seed
Jun 2024
- InvestorsItalica
& 35 more
Associated legal entities of Arogya Finance
Arogya Finance operates through Ramtirth Leasing And Finance Company 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 |
|---|---|---|---|---|---|---|---|
| Ramtirth Leasing And Finance Company Private Limited CIN U65910MH1995PTC089442 | Active | 12 Jun 1995 | Mumbai, Maharashtra | ₹6.1 Cr | 5 | View details |
Apps and channels of Arogya Finance
its YouTube channel Arogya Finance has 65 subscribers and 12 videos.
Videos from Arogya Finance
The most watched videos on Arogya Finance's YouTube channel, Arogya Finance (65 subscribers). Click a video to play it here.
More on Arogya Finance.
Funding Insights of Arogya Finance
Arogya Finance has successfully raised a total of $988.46K across 7 strategic funding rounds. The most recent funding activity was a Seed round of $359.52 thousand completed in June 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 $988,463
- Total Rounds 7
- Last Round Seed — $359,523
- First Round $243,341
(Mar 2017)
- Investors Count 36
All 7 funding rounds of Arogya Finance 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 2024 | $359,523 | Seed | $3.42M | Kunjumary Jose | |
| Apr 2021 | $58,904 | Seed | $2.69M | 1Crowd | – |
| Jul 2019 | $259,469 | Seed | $••••• | Praveen Sood, Alok Sethi | |
| Jan 2019 | Seed | – | – | – | |
| Dec 2018 | Seed | – | – | ||
| May 2018 | $67,226 | Angel Round | $••••• | Kunjumary Jose | |
| Mar 2017 | $243,341 | Seed | $••••• | Necurity, Randhir Singh Kochhar |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $3.42M | •••••••• |
| Apr 2021 | $2.69M | •••••••• |
| Jul 2019 | $••••• | •••••••• |
| May 2018 | $••••• | •••••••• |
| Mar 2017 | $••••• | •••••••• |
Full valuation and stage history of Arogya Finance
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $3.42M (Jun 2024). 36 investors in total: 5 institutional and 31 angel.
Investors in Arogya Finance
Arogya Finance has secured backing from 36 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Italica, 1Crowd and Index Advisory.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investment firm | 2015 | 1crowd.co | Mumbai, India | |
Sector agnostic startup incubator | arthaventurechallenge.com | Zurich, Switzerland | ||
Italica is engaged in manufacturing and selling plastic furniture. | 1992 | italica.com | Mumbai, India | |
Platform offering financial solutions | 2009 | indexadvisory.com | Mumbai, India | |
Provides application development and testing services to businesses for reliable software solutions. | 2016 | necurity.com | Chennai, India | |
KJ Kunjumary Jose | unknown_264170632abe43bb8 | |||
NJ Nimish Jose Oliapuram | unknown_7e9f8e4a87b74c639 | |||
RS Rajan Sharma | unknown_b4442d0bd8cc4be19 | |||
MB Mary Babu | unknown_393526640873400f9 | |||
ML Manik Lather | unknown_9ab69855a9394c7c9 |
Investor details for Arogya Finance
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Board of directors of Ramtirth Leasing And Finance Company Private Limited (Arogya Finance)
Ramtirth Leasing And Finance Company Private Limited is the primary company behind Arogya Finance. The board of Ramtirth Leasing And Finance Company Private Limited currently have 5 directors; the longest-serving is Jose Oliapuram Peter, appointed in 2012. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jose Oliapuram Peter DIN 00059279 | Director | 07 Nov 2012 | 13 yrs 11 mo | Ramtirth Leasing And Finance Company Private Limited |
| Yogesh Gobind Mariwalla DIN 02011660 | Director | 07 Nov 2012 | 13 yrs 11 mo | Ramtirth Leasing And Finance Company Private Limited |
| Dheeraj Batra DIN 06446367 | Director | 30 Sep 2014 | 12 yrs 1 mo | Ramtirth Leasing And Finance Company Private Limited |
| Anil Gudibande DIN 03071665 | Nominee Director | 24 Feb 2020 | 6 yrs 8 mo | Ramtirth Leasing And Finance Company Private Limited |
| Alok Sethi DIN 00277481 | Additional Director | 08 Apr 2026 | 6 mo | Ramtirth Leasing And Finance Company Private Limited |
People of Arogya Finance
1 people are tracked at Arogya Finance (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Arogya Finance
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Financials of Arogya Finance
Figures of Ramtirth Leasing And Finance Company Private Limited, the primary company behind Arogya Finance, for FY 2024. Revenue was ₹6.07 Cr (+65% year on year). Net profit was ₹27.5 Lakh (5% margin). EBITDA was ₹2.09 Cr (34% margin). Revenue has grown at a compounded annual rate of +35% over three years and +18% over five years.
- ₹6.07 CrRevenue · FY 2024 · +65% YoY
- ₹27.5 LakhNet profit · 5% margin
- ₹2.09 CrEBITDA · 34% margin
- ₹1.37 CrPaid-up capital
- +35%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ramtirth Leasing And Finance Company Private Limited are on its company page.
Detailed financial statements for Arogya Finance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Arogya Finance
4 dated milestones of Arogya Finance across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Arogya Finance is founded.
- Funding First funding round of $243K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $360K.
Competitors of Arogya Finance
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| carecover.in | 2015 | Noida, India | 46 | Healthcare expenses are financed via a specialized credit card. | ||
| tpsqonect.com | 2018 | Churachandpur, India | Healthcare financing is provided through an online credit platform. |
Detailed competitors of Arogya Finance
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Web traffic of Arogya Finance
The website of Arogya Finance (arogyafinance.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▼ 19.3% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Arogya Finance (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Arogya Finance
Complete news archive for Arogya Finance
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Frequently Asked Questions about Arogya Finance
Arogya Finance was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Arogya Finance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Arogya Finance is a funded company, having raised a total of $988.46K across 7 funding rounds to date. The company's 1st funding round was a Seed of $243.34K, raised on Mar 2017.
The primary company behind Arogya Finance, Ramtirth Leasing And Finance Company Private Limited, reported revenue of ₹6.07 Cr for FY 2024, up 65% year on year.
Arogya Finance was established in 2011 in Mumbai, India, within the financial services sector. Medical loans are offered to individuals and families excluded from traditional banking due to lack of formal documentation like salary slips or collateral. A proprietary credit evaluation method is utilized to assess eligibility and facilitate lending. Operations focus on underserved populations in India, enabling access to healthcare financing without standard requirements.
Arogya Finance has 36 investors. Key investors include Italica, 1Crowd, Index Advisory, Necurity, and Kunjumary Jose.
The valuation of Arogya Finance is $3.42M as of Jun 2024.
Arogya Finance operates through Ramtirth Leasing And Finance Company Private Limited.
The legal entities of Arogya Finance currently have 5 directors, including Alok Sethi, Jose Oliapuram Peter, Yogesh Gobind Mariwalla and others.