Criss Financial

Hyderabad, India Founded: 1992 • Age: 34 yrs Acquired By Spandana Sphoorty Financial
Micro credit loans are provided to customers for various needs.
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About Criss Financial

Criss Financial is a Financial Services company based in Hyderabad (India) founded in 1992, and was acquired by Spandana Sphoorty Financial in December 2018. Micro credit loans are provided to customers for various needs. Criss Financial has raised $3.39 million across 5 funding rounds from investors including Spandana Sphoorty Financial, Unifi Capital and Einteract. Its Indian entity Criss Financial Limited reported revenue of ₹149 Cr. Criss Financial offers products and services including Loan Against Property, Nano Enterprise Loan, and Individual Loan. Its focus areas include Microfinance, Microcredit and Sustainability Tech. Its competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank; 3 of its 3 listed competitors have raised funding.

Company details

Criss Financial was established in 1992 in Hyderabad, India, within the microfinance sector. Loans are extended to borrowers for diverse financial purposes. Products such as the Unnati Loan are offered to cover short-term liquidity gaps, while Loan Against Property is secured through mortgages on residential and commercial assets. Operations center on supporting customer credit requirements in the region.

Operational Areas
Financial Services → Microfinance
Key Metrics
  • Annual Revenue
    ₹149 Cr

    FY 2024 · +47% YoY

  • Net Profit
    ₹13.79 Cr

    FY 2024

  • EBITDA
    ₹97.93 Cr

    FY 2024 · 66% margin

  • Total Equity Funding
    $3.39M (USD)

    in 5 rounds

  • Latest Funding Round
    $2.46M (USD), Debt – Conventional

    Jun 2021

  • Investors
    Spandana Sphoorty Financial

    & 11 more

  • Acquired by
    Spandana Sphoorty Financial

    (Dec 2018)

Products & Services of Criss Financial

Criss Financial offers a comprehensive portfolio of products and services, including Loan Against Property, Nano Enterprise Loan, and Individual Loan.

Loan Against Property
Secured Lending

Secured loan using property as collateral for financial needs

Nano Enterprise Loan
Unsecured Lending

Small loan for micro-enterprises to support business growth

Individual Loan
Unsecured Lending

Personal loan for individuals to meet various financial requirements

Funding Insights of Criss Financial

Criss Financial has successfully raised a total of $3.39M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.46 million completed in June 2021. 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 $3.39M
  • Total Rounds 5
  • Last Round Debt – Conventional — $2.46M
  • First Round $3.24M

    (Mar 2011)

  • Investors Count 11

All 5 funding rounds of Criss Financial with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2021$2.46MDebt – Conventional––
Unifi
Mar 2017$75,135Debt – Conventional––
Abhiram Marketing Services
Mar 2017$70,920Angel Round–Revan Saahith Reddy Vendidandi, Hina Ansari
–
Jan 2015$82,341Angel Round–Cheggi Reddy Venkata Reddy
Vaddireddy Deepthi Reddy, V Ravindra Nath Reddy
Mar 2011$3.24MAngel Round–Cheggi Reddy Venkata Reddy
Vaddireddy Deepthi Reddy, V Ravindra Nath Reddy
Valuation history

12 investors in total: 3 institutional and 9 angel.

Investors in Criss Financial

Criss Financial has secured backing from 12 investors, including institutional and angel investors. Prominent investors backing the company include Spandana Sphoorty Financial, Unifi Capital and Einteract.

All
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Unifi Capital
Portfolio management and investment strategy services are provided to clients.
unificap.comChennai, India
Einteract
Limited information is provided about Einteract's activities.
abhirammarketing.com

Revan Saahith Reddy Vendidandi

unknown_3ff14bb1372d46288

Hina Ansari

unknown_d74802f9449d40899

Venkata Nageswara Rao

unknown_3aff6d4c33374ab5a

Dasari Raju

unknown_ecf93b24a5da41b98

Cheggi Reddy Venkata Reddy

unknown_dab4af46a8ef4739b

Vaddireddy Deepthi Reddy

unknown_24cbc5bace8742908

V Ravindra Nath Reddy

unknown_9d609035d7fd4110b

Raghu Vinay Sanka

unknown_f954efc1859c44248
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Investor details for Criss Financial

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Verified entity values are shown only after access is granted.

Board of directors of Criss Financial Limited (Criss Financial)

Criss Financial Limited is the primary company behind Criss Financial. The boards of the 2 registered companies of Criss Financial currently have 12 directors; the longest-serving is Sunish Sharma, appointed in 2017. 96 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Sunish Sharma
DIN 00274432
Nominee Director31 Mar 20179 yrs 7 moSpandana Sphoorty Financial Limited
Ramchandra Kasargod Kamath
DIN 01715073
Nominee Director04 May 20179 yrs 5 moSpandana Sphoorty Financial Limited
Abanti Mitra
DIN 02305893
Director27 Dec 20187 yrs 10 moCriss Financial Limited
Deepak Calian Vaidya
DIN 00337276
Director30 Oct 20197 yrsCriss Financial Limited
Ashish Damani
DIN 08908129
Director03 Aug 20224 yrs 2 moCriss Financial Limited
Neeraj Swaroop
DIN 00061170
Additional Director04 Aug 20224 yrs 2 moSpandana Sphoorty Financial Limited
Animesh Chauhan
DIN 02060457
Director04 Aug 20224 yrs 2 moSpandana Sphoorty Financial Limited
Shalabh Saxena
DIN 08908237
Director21 Sep 20224 yrs 1 moCriss Financial Limited
Dipali Hemant Sheth
DIN 07556685
Director02 May 20233 yrs 6 moSpandana Sphoorty Financial Limited
Vinayak Prasad
DIN 05310658
Director02 May 20233 yrs 6 moSpandana Sphoorty Financial Limited
Saakshi Gera
DIN 08737182
Nominee Director22 May 20242 yrs 5 moSpandana Sphoorty Financial Limited, Criss Financial Limited
Venkatesh Krishnan
DIN 02078403
Managing Director27 Nov 202511 moSpandana Sphoorty Financial Limited

People of Criss Financial

8 people are tracked at Criss Financial (5 in leadership, 3 in team).

NameRoleGroup
Ashish Kumar Damani
Whole Time DirectorLeadership
Lakshmi Kanth
Sr. Vice President I Head - Credit UnderwritingLeadership
Abanti Mitra
Chairperson And Independent DirectorLeadership
Naganjaneya Babu Arepalli
Deputy Vice PresidentLeadership
Gangadhar Anupoj
Head Of Risk ManagementLeadership
Vikas Jangid
Relationship ManagerTeam
Dinesh J D
DVP - Product & Organisational ExcellenceTeam
Akhilesh S V S
Deputy ManagerTeam
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Complete people profiles for Criss Financial

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Financials of Criss Financial

Figures of Criss Financial Limited, the primary company behind Criss Financial, for FY 2024. Revenue was ₹149 Cr (+47% year on year). Net profit was ₹13.79 Cr. EBITDA was ₹97.93 Cr (66% margin). Revenue has grown at a compounded annual rate of +38% over three years and +30% over five years.

  • ₹149 CrRevenue · FY 2024 · +47% YoY
  • ₹13.79 CrNet profit
  • ₹97.93 CrEBITDA · 66% margin
  • ₹15.67 CrPaid-up capital
  • 2,089Employees (provident fund records)
  • +38%Revenue CAGR, 3 years
  • +30%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Criss Financial Limited are on its company page.

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Detailed financial statements for Criss Financial

Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.

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  • Downloads

Verified entity values are shown only after access is granted.

Timeline of Criss Financial

4 dated milestones of Criss Financial across 29 years, from founding to its latest funding, stage changes and deals.

  1. Founded Criss Financial is founded.
  2. Funding First funding round of $3.2M.
  3. Exit Acquired by Spandana Sphoorty Financial.
  4. Funding Latest funding round, Debt – Conventional, of $2.5M.

Competitors of Criss Financial

Criss Financial has 3 listed competitors in our database, 3 of them funded. They include ESAF, Satin Creditcare and Fincare Small Finance Bank.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
ESAF
esafbank.com1992Thrissur, India$101.74M6,194
Microfinance banking services are offered in India by ESAF.
Satin Creditcare
satincreditcare.com1990Delhi, India$40M15,350
Micro loans for businesses are offered by this NBFC.
Fincare Small Finance Bank
fincarebank.com2007Bengaluru, India$174.84M12,894
Micro-finance bank
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Detailed competitors of Criss Financial

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Verified entity values are shown only after access is granted.

Web traffic of Criss Financial

The website of Criss Financial (crissfin.com) receives about 1.3K visits a month.

  • Monthly visits
    1.3K

    ▼ 18.7% vs previous month

Top companies in Microfinance

3 companies that operate in the same segment as Criss Financial (Microfinance) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
ESAF
Microfinance banking services are offered in India by ESAF.
1992Thrissur, Kerala, IndiaUSD 101.74 MUSD 474.19 M12,520
Satin Creditcare
Micro loans for businesses are offered by this NBFC.
1990Delhi, Delhi, IndiaUSD 40 MUSD 310.26 M15,190
Fusion Microfinance
Provider of microloans
2010Delhi, Delhi, IndiaUSD 71.68 M12,403
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Related news about Criss Financial

Spandana Sphoorty evaluates merger of subsidiary Criss Financial - CNBC TV18
CNBCTV18 • 9 months ago
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Frequently Asked Questions about Criss Financial

Criss Financial was founded in 1992 and raised its 1st funding round 19 years after it was founded.

Criss Financial is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.

Criss Financial is a funded company, having raised a total of $3.39M across 5 funding rounds to date. The company's 1st funding round was a Angel Round of $3.24M, raised on Mar 2011.

The primary company behind Criss Financial, Criss Financial Limited, reported revenue of ₹149 Cr for FY 2024, up 47% year on year.

Criss Financial was established in 1992 in Hyderabad, India, within the microfinance sector. Loans are extended to borrowers for diverse financial purposes. Products such as the Unnati Loan are offered to cover short-term liquidity gaps, while Loan Against Property is secured through mortgages on residential and commercial assets. Operations center on supporting customer credit requirements in the region.

Criss Financial's top competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank.

Criss Financial offers Loan Against Property, Nano Enterprise Loan, and Individual Loan.

Criss Financial has 12 investors. Key investors include Spandana Sphoorty Financial, Unifi Capital, Einteract, Revan Saahith Reddy Vendidandi, and Hina Ansari.

Criss Financial is associated with 2 legal entities: Criss Financial Limited, Spandana Sphoorty Financial Limited.

Yes. Criss Financial was acquired by Spandana Sphoorty Financial in December 2018.

The legal entities of Criss Financial currently have 16 directors, including Neeraj Swaroop, Animesh Chauhan, Ashish Kumar Damani and others.

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