About Dvara KGFS
Dvara KGFS is a Financial Services company based in Chennai (India) founded in 2008 by Samir Shah and Bindu Ananth. Loans for consumers and SMEs are provided alongside financial services. Dvara KGFS has raised $47.01 million across 11 funding rounds from investors including Dvara, LeapFrog Investments and Accion. The company has 3,352 employees. Dvara KGFS has completed 1 acquisition, including Varam Capital. Dvara KGFS was last valued at $55.39 million in September 2022. Its chief executive, as recorded, is Lvln Murty. Its Indian entity Dvara Kshetriya Gramin Financial Services Private Limited reported revenue of ₹1.45 Cr. Dvara KGFS offers products and services including Loans, Insurance, Wealth Management, and Remittances. Its focus areas include FinTech, Payments, Business Payments and Agent Based Payments. Its competitors include L & T Finance Holdings, IIFL Finance and Kinara Capital; 1 of its 3 listed competitors has raised funding.
Company details
Dvara KGFS was founded in 2008 in Chennai, India, within the financial services sector. Loans for consumers and small-medium enterprises are extended by the company. Operations include money transfers, bill payments, cash withdrawals, crop loans, and jewel loans. Savings accounts and recurring deposits are also managed. A selection of products such as credit facilities, insurance coverage, and investment options is offered to clients.
- Headquarters Chennai, India
- Employees 3,352
- Founders Samir Shah, Bindu Ananth
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website dvarakgfs.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Dvara Kshetriya Gramin Financial Services Private Limited
- Date of Incorporation 04 Mar, 1993
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1.45 Cr
FY 2024 · -2% YoY
- Net Profit₹33.22 Cr
FY 2024
- EBITDA-₹494 Cr
FY 2024 · -33955% margin
- Total Equity Funding$47.01M (USD)
in 11 rounds
- Latest Funding Round$3.31M (USD), Series E
May 2025
- InvestorsDvara
& 14 more
- Employee Count3,352
- Investments & Acquisitions
Associated legal entities of Dvara KGFS
Dvara KGFS operates through Dvara Kshetriya Gramin Financial Services 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 |
|---|---|---|---|---|---|---|---|
| Dvara Kshetriya Gramin Financial Services Private Limited CIN U65991TN1993PTC024547 | Active | 04 Mar 1993 | Chennai, Tamil Nadu | ₹1.5 Cr | 4,888 | 13 | View details |
Products & Services of Dvara KGFS
Dvara KGFS offers a comprehensive portfolio of products and services, including Loans, Insurance, Wealth Management, and Remittances.
Provides loans for rural customers to support agriculture and business needs
Offers life and asset insurance for financial security in rural areas
Helps plan, grow, protect, and diversify finances for individuals
Facilitates money transfers and digital transactions for customers
Apps and channels of Dvara KGFS
its YouTube channel Dvara KGFS has 1.11K subscribers and 30 videos.
Videos from Dvara KGFS
The most watched videos on Dvara KGFS's YouTube channel, Dvara KGFS (1.11K subscribers). Click a video to play it here.
More on Dvara KGFS.
Funding Insights of Dvara KGFS
Dvara KGFS has successfully raised a total of $47.01M across 11 strategic funding rounds. The most recent funding activity was a Series E round of $3.31 million completed in May 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 $47.01M
- Total Rounds 11
- Last Round Series E — $3.31M
- First Round $19.69M
(Apr 2019)
- Investors Count 15
Latest 10 of 11 funding rounds of Dvara KGFS 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 |
|---|---|---|---|---|---|
| May 2025 | $3.31M | Series E | – | Sparkasse | – |
| Jun 2024 | $7M | Debt – Conventional | – | – | |
| May 2024 | $10M | Debt – Conventional | – | – | |
| Mar 2024 | $14.4M | Debt – Conventional | – | – | |
| Feb 2024 | $27M | Debt – Conventional | – | – | |
| Aug 2023 | $1.8M | Debt – Conventional | – | – | |
| Jul 2023 | $10M | Debt – Conventional | – | – | |
| Sep 2022 | $2.95M | Series E | $55.39M | – | |
| Mar 2021 | $9.52M | Series E | – | Invest in Visions, DKM Darlehnskasse Munster | – |
| Sep 2019 | $11.55M | Series E | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $55.39M | •••••••• |
| Apr 2019 | $59.53M | •••••••• |
Last known valuation $55.39M (Sep 2022). 15 investors in total: 15 institutional.
Investors in Dvara KGFS
Dvara KGFS has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Dvara, LeapFrog Investments and Accion.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Micro-credit is extended to low-income individuals and businesses. | 2008 | enabling.ch | Zug, Switzerland | |
Debt and equity investments are managed by this private fund. | 2001 | blueorchard.com | Zurich, Switzerland | |
Private equity investments are directed toward women empowerment initiatives. | iixglobal.com | Singapore, Singapore | ||
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Investment management firm and venture capital fund focused on multiple sectors | triplejump.eu | Amsterdam, Netherlands | ||
Investment management services and private equity funds are offered. | nmimicro.no | Oslo, Norway | ||
Private equity fund focused on banking, finance, healthcare, and multiple sectors | 2007 | leapfroginvest.com | Johannesburg, South Africa | |
Investing in financial institutions for inclusion in Africa and Asia. | 2008 | ablernordic.com | Oslo, Norway | |
Investments in healthcare, manufacturing, and B2B technology with a focus on strategic growth and sustainability. | 2016 | stakeboat.com | Bengaluru, India |
Investor details for Dvara KGFS
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Dvara Kshetriya Gramin Financial Services Private Limited (Dvara KGFS)
Dvara Kshetriya Gramin Financial Services Private Limited is the primary company behind Dvara KGFS. The board of Dvara Kshetriya Gramin Financial Services Private Limited currently have 10 directors; the longest-serving is Samir Amrit Shah, appointed in 2018. 48 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Samir Amrit Shah DIN 00912693 | Director | 01 Mar 2018 | 8 yrs 8 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
| Pranav Kumar DIN 07896173 | Nominee Director | 30 Jan 2019 | 7 yrs 9 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
| Anisha Motwani DIN 06943493 | Director | 13 Nov 2019 | 6 yrs 11 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
| Raman Uberoi DIN 03407353 | Director | 25 May 2021 | 5 yrs 5 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
| Murty Venkata Lakshmi Narashima Lanka DIN 09618861 | Director | 27 May 2022 | 4 yrs 5 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
| Gowri Thyagarajan DIN 07029599 | Director | 01 Aug 2022 | 4 yrs 3 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
| Hemant Ratnakar Adarkar DIN 03127893 | Director | 24 May 2023 | 3 yrs 5 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
| Lone Sondergaard DIN 10711271 | Nominee Director | 26 Jul 2024 | 2 yrs 3 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
| Arvind Kodikal DIN 07623915 | Nominee Director | 14 May 2025 | 1 yr 5 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
| Shreya Deb DIN 07915580 | Additional Director | 12 Nov 2025 | 11 mo | Dvara Kshetriya Gramin Financial Services Private Limited |
People of Dvara KGFS
26 people are tracked at Dvara KGFS (16 in leadership, 10 in team); the tracked headcount is 3,352.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Lvln Murty | CEO & Managing Director | Leadership |
Dipankar Dey | North And East Head Audit | Leadership |
Ramkumar Ratnam | Chief Business Officer | Leadership |
Bikram Mishra (People | Chief Human Resources Officer | Leadership |
Sandeep R. | Vice President - Learning & Talent Management | Leadership |
Deepa Anand | Head Of Product | Leadership |
Vidya Sambasivam | Chief Information Officer | Leadership |
Kishore Kumar | Head Of Product | Leadership |
Vikram Babu | Assistant Vice President - Digital KGFS | Leadership |
Antony Raj | Business Head - Liability Products | Leadership |
Rahul Tripathy | Chief Product Officer | Leadership |
Ashish Chaubey | Regional Head | Leadership |
Neethi Cholan Karunanithi | Deputy Vice President - IT Infra | Leadership |
Manoj Negi | Zonal Operations Head | Leadership |
Mohammed Umar Khan | Senior Officer - IT | Team |
Vinay Sharma | Zonal Manager Collection | Team |
Bheema Upadhyay | Area Manager | Team |
Prakash Prakash | Data Analyst | Team |
6 more people are available in the full profile.
Complete people profiles for Dvara KGFS
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Financials of Dvara KGFS
Figures of Dvara Kshetriya Gramin Financial Services Private Limited, the primary company behind Dvara KGFS, for FY 2024. Revenue was ₹1.45 Cr (-2% year on year). Net profit was ₹33.22 Cr. EBITDA was -₹494 Cr (-33955% margin). Revenue has grown at a compounded annual rate of +17% over three years and -61% over five years.
- ₹1.45 CrRevenue · FY 2024 · -2% YoY
- ₹33.22 CrNet profit
- -₹494 CrEBITDA · -33955% margin
- ₹124 CrPaid-up capital
- 4,888Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- -61%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Dvara Kshetriya Gramin Financial Services Private Limited are on its company page.
Detailed financial statements for Dvara KGFS
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Dvara KGFS
Dvara KGFS has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Varam Capital.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Micro loans are extended to borrowers in Tamil Nadu. | varam.in | Chennai, India | 2011 | Apr 2019 | •••• |
Complete acquisition details for Dvara KGFS
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Timeline of Dvara KGFS
5 dated milestones of Dvara KGFS across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Dvara KGFS is founded.
- Acquisition Acquires Varam Capital.
- Funding First funding round of $19.7M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E, of $3.3M.
Competitors of Dvara KGFS
Dvara KGFS has 3 listed competitors in our database, 1 of them funded. They include L & T Finance Holdings, IIFL Finance and Kinara Capital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 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. | ||
| kinaracapital.com | 2011 | Bengaluru, India | $116.69M | 1,580 | Collateral-free loans are provided to MSMEs for business operations. |
Detailed competitors of Dvara KGFS
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Web traffic of Dvara KGFS
The website of Dvara KGFS (dvarakgfs.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▼ 15.5% vs previous month
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Dvara KGFS (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 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Related news about Dvara Kgfs
Complete news archive for Dvara KGFS
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Frequently Asked Questions about Dvara KGFS
Dvara KGFS was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Dvara KGFS is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Lvln Murty is the CEO of Dvara KGFS, as recorded in our data.
Dvara KGFS is a funded company, having raised a total of $47.01M across 11 funding rounds to date. The company's 1st funding round was a Series E of $11.55M, raised on Apr 2019.
Dvara KGFS has 3,352 employees.
The primary company behind Dvara KGFS, Dvara Kshetriya Gramin Financial Services Private Limited, reported revenue of ₹1.45 Cr for FY 2024, down 2% year on year.
Dvara KGFS was founded in 2008 in Chennai, India, within the financial services sector. Loans for consumers and small-medium enterprises are extended by the company. Operations include money transfers, bill payments, cash withdrawals, crop loans, and jewel loans. Savings accounts and recurring deposits are also managed. A selection of products such as credit facilities, insurance coverage, and investment options is offered to clients.
Dvara KGFS's top competitors include L & T Finance Holdings, IIFL Finance and Kinara Capital.
Dvara KGFS offers Loans, Insurance, Wealth Management, and Remittances.
Dvara KGFS has made 1 acquisition, including Varam Capital.
Dvara KGFS has 15 investors. Key investors include Dvara, LeapFrog Investments, Accion, Alteria Capital, and FMO.
The valuation of Dvara KGFS is $55.39M as of Sep 2022.