About Electronica Finance
Electronica Finance is a Financial Services company based in Pune (India) founded in 1990. SME loans are provided to businesses in India. The company has 2,373 employees. Electronica Finance was last valued at $176.19 million in April 2024. Its chief executive, as recorded, is Shilpa Pophale. 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
Electronica Finance was founded in 1990 and is headquartered in Pune, India. Financial services are offered, with a focus on loans for small and medium-sized enterprises. Operations center on the Indian market, where credit solutions are extended to support business needs. The company is led by CEO and MD Shilpa Pophale, overseeing activities in the finance sector.
- Headquarters Pune, India
- Employees 2,373
- Stage Minicorn
- SectorsFinancial Services
- Website category Business and Consumer Services · Marketing and Advertising
- Website electronicafinance.com
- Social LinkedIn X Facebook
- Annual Revenue$64.89 M (USD)64as on Mar 31, 2024
- Net Profit$7.72 M (USD)53as on Mar 31, 2024
- EBITDA$36.12 M (USD)63as on Mar 31, 2024
- Latest Funding Round$47.93M (USD), Unspecified
Apr 2024
- InvestorsLeapFrog Investments
& 4 more
- Employee Count2,373
Associated legal entities of Electronica Finance
Electronica Finance is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mugdha Investment And Finance Private Limited CIN U65993MH1990PTC057022 | Active | 26 Jun 1990 | Pune, Maharashtra | ₹675 Cr | 3 | View details | |
| Electronica Finance Limited CIN U74110PN1990PLC057017 | Active | 26 Jun 1990 | Pune, Maharashtra | ₹587 Cr | 2,204 | 12 | View details |
Funding Insights of Electronica Finance
- Total Rounds 4
- Last Round Unspecified — $47.93M
- First Round $4.2M
(Mar 2017)
- Investors Count 5
All 4 funding rounds of Electronica 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 |
|---|---|---|---|---|---|
| Apr 2024 | $47.93M | Unspecified | $176.19M | LeapFrog Investments | |
| Aug 2023 | $15M | Debt – Conventional | – | – | |
| Mar 2020 | $14.23M | Unspecified | $66.21M | Esf Holdings | – |
| Mar 2017 | $4.2M | Unspecified | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2024 | $176.19M | •••••••• |
| Mar 2020 | $66.21M | •••••••• |
Last known valuation $176.19M (Apr 2024). 5 investors in total: 5 institutional.
Investors in Electronica Finance
Electronica Finance has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include LeapFrog Investments, Aavishkaar Capital and Wanaka Inclusion.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund focused on banking, finance, healthcare, and multiple sectors | 2007 | leapfroginvest.com | Johannesburg, South Africa | |
Venture capital firm | aavishkaarcapital.in | Mumbai, India | ||
PE and VC investments are directed toward sustainable climate projects. | gcpf.lu | Luxembourg, Luxembourg | ||
Investor details for Electronica Finance
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Board of directors of Electronica Finance
The boards of the 2 registered companies of Electronica Finance currently have 10 directors; the longest-serving is Adwait Shashikant Dharmadhikari, appointed in 2017. 43 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Adwait Shashikant Dharmadhikari DIN 02042879 | Director | 03 Oct 2017 | 9 yrs 1 mo | Mugdha Investment And Finance Private Limited |
| Ameya Gurunath Bijoor DIN 08905242 | Nominee Director | 11 Nov 2020 | 6 yrs | Electronica Finance Limited |
| Shilpa Shrikant Pophale DIN 00182457 | Director | 21 Jan 2021 | 5 yrs 9 mo | Mugdha Investment And Finance Private Limited, Electronica Finance Limited |
| Sujit Sharad Natekar DIN 00182517 | Director | 21 Jan 2021 | 5 yrs 9 mo | Mugdha Investment And Finance Private Limited, Electronica Finance Limited |
| Smita Milind Sandhane DIN 07637529 | Director | 28 Apr 2022 | 4 yrs 6 mo | Electronica Finance Limited |
| Sandhya Vasudevan DIN 00372405 | Director | 06 Dec 2022 | 3 yrs 11 mo | Electronica Finance Limited |
| Anurag Agrawal DIN 02385780 | Director | 04 Jun 2024 | 2 yrs 5 mo | Electronica Finance Limited |
| Stewart Michael Langdon DIN 05116100 | Director | 04 Jun 2024 | 2 yrs 5 mo | Electronica Finance Limited |
| Uma Manoj Mandavgane DIN 03156224 | Director | 13 Aug 2025 | 1 yr 3 mo | Electronica Finance Limited |
| Uday Madhav Chitale DIN 00043268 | Director | 13 Aug 2025 | 1 yr 3 mo | Electronica Finance Limited |
People of Electronica Finance
113 people are tracked at Electronica Finance (28 in leadership, 4 in board & advisors, 81 in team); the tracked headcount is 2,373.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership | |
Suhas Gore | Head of Credit | Leadership |
Sai Narendran | Regional Head - Product (south) | Leadership |
Amar Deshpande | Vice President | Leadership |
Marul Kapoor | Head of EEF Sales & Machine Finance Product | Leadership |
Divyansh Jain | Deputy Vice President | Leadership |
Amit Mulay | Deputy Vice President | Leadership |
Akash Goyal | Area Head | Leadership |
Sandeep Soni | State Head | Leadership |
Rushikesh Shakhai | Head Of Product | Leadership |
Yashodhan Oak | Senior Chief Manager | Leadership |
Anshul Sharma Prince2® | Business Head Digital & E-commerce | Leadership |
Luv Chaturvedi | Head Of Marketing | Leadership |
Amit Gadre | Head, Operations & Admin | Leadership |
Raghav Puranik | Product Head - Assistant Vice President | Leadership |
Swarnima Raghuvanshi | Jr. Credit Manager - HEAD Office | Leadership |
R Balaji | Zonal Head - South | Leadership |
Ashutosh Puntambekar | Product Head, SBF, Rooftop Solar Finance & Marketing | Leadership |
Shumant Bhattacharya | Deputy Vice President & National Head- Products | Leadership |
Anand Bhatt | State Head - Two Wheeler Loan | Leadership |
93 more people are available in the full profile.
Complete people profiles for Electronica Finance
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Financials of Electronica Finance
Figures of Mugdha Investment And Finance Private Limited, the primary company behind Electronica Finance, for FY 2025. Revenue was ₹675 Cr (+10% year on year). Net profit was ₹53.77 Cr (8% margin). Revenue has grown at a compounded annual rate of +31% over three years and +23% over five years.
- ₹675 CrRevenue · FY 2025 · +10% YoY
- ₹53.77 CrNet profit · 8% margin
- ₹4.71 CrPaid-up capital
- +31%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mugdha Investment And Finance Private Limited are on its company page.
Detailed financial statements for Electronica 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 Electronica Finance
4 dated milestones of Electronica Finance across 34 years, from founding to its latest funding, stage changes and deals.
- Founded Electronica Finance is founded.
- Funding First funding round of $4.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Unspecified, of $47.9M.
Competitors of Electronica Finance
Electronica Finance 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 Electronica Finance
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Web traffic of Electronica Finance
The website of Electronica Finance (electronicafinance.com) receives about 9.7K visits a month and ranks #2,149,412 among all websites worldwide, #9,513 in Marketing and Advertising.
- Monthly visits9.7K
▼ 13.3% vs previous month
- Unique visitors5.1K
per month
- Global rank#2,149,412
among all websites
- Category rank#9,513
Business and Consumer Services · Marketing and Advertising
- Bounce rate53%
- Pages per visit1.6
- Average visit23 sec
- DevicesDesktop 49% · Mobile 51%
Websites whose visitors overlap most with Electronica Finance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
hotfrog.in | hotfrog.in | 100% | #586,439 | – | |
zipsolar.com.au | zipsolar.com.au | 74% | #2,461,886 | – | |
| google.co.in | 53% | 77M | #407 | View details | |
| exapro.com | 50% | #234,520 | View details | ||
pages.rediff.com | pages.rediff.com | 49% | – |
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Electronica Finance (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 Electronica Finance
Complete news archive for Electronica Finance
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Frequently Asked Questions about Electronica Finance
Electronica Finance was founded in 1990 and raised its 1st funding round 27 years after it was founded.
Electronica Finance is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Shilpa Pophale is the CEO of Electronica Finance, as recorded in our data.
Electronica Finance has 2,373 employees.
Annual revenue of Electronica Finance is $64.89M as on Mar 31, 2024.
Electronica Finance was founded in 1990 and is headquartered in Pune, India. Financial services are offered, with a focus on loans for small and medium-sized enterprises. Operations center on the Indian market, where credit solutions are extended to support business needs. The company is led by CEO and MD Shilpa Pophale, overseeing activities in the finance sector.
Electronica Finance's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Electronica Finance has 5 investors. Key investors include LeapFrog Investments, Aavishkaar Capital, Wanaka Inclusion, Global Climate Partnership Fund, and Esf Holdings.
The valuation of Electronica Finance is $176.19M as of Apr 2024.
Electronica Finance is associated with 2 legal entities: Mugdha Investment And Finance Private Limited, Electronica Finance Limited.
The legal entities of Electronica Finance currently have 12 directors, including Adwait Shashikant Dharmadhikari, Shilpa Shrikant Pophale, Sujit Sharad Natekar and others.