About Everest Gold Loans
Everest Gold Loans is a company based in Erode (India) founded in 2012 by Kannan KM. It operates as a B2C. Everest Gold Loans operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
- Headquarter Erode, India
- Founders Kannan KM
- SectorsFinancial Services
- Website everestgoldloans.com
- Social Facebook
- Legal Name Everest Gold Loans Pvt. Ltd
- Date of Incorporation 26 Apr, 2012
- Jurisdiction Erode, Tamil Nadu, India
- Annual Revenue₹11.1 Lakh
FY 2022 · -71% YoY
- Net Profit₹1.8 Lakh
FY 2022 · 16% margin
- EBITDA₹3 Lakh
FY 2022 · 27% margin
Associated legal entities of Everest Gold Loans
Everest Gold Loans operates through Everest Gold Loans Private Limited (dissolved under section 59(8)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Everest Gold Loans Private Limited CIN U65929TZ2012PTC018177 | Dissolved Under Section 59(8) | 26 Apr 2012 | Erode, Tamil Nadu | ₹0.1 Cr | – | 3 | View details |
Board of directors of Everest Gold Loans Private Limited (Everest Gold Loans)
Everest Gold Loans Private Limited is the primary company behind Everest Gold Loans. The board of Everest Gold Loans Private Limited currently have 3 directors; the longest-serving is Saravanan Rajendran, appointed in 2016. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Saravanan Rajendran DIN 07485111 | Whole-time director | 25 Aug 2016 | 10 yrs 1 mo | Everest Gold Loans Private Limited |
| Ramlulla Hanilkumar DIN 07505317 | Director | 10 Aug 2022 | 4 yrs 2 mo | Everest Gold Loans Private Limited |
| Vasudevan Gopu DIN 01960183 | IRP/RP/Liquidator | 03 Jul 2023 | 3 yrs 3 mo | Everest Gold Loans Private Limited |
People of Everest Gold Loans
1 people are tracked at Everest Gold Loans (1 in leadership).
| Name | Role | Group |
|---|---|---|
Kannan KM | Founder, MD | Leadership |
Complete people profiles for Everest Gold Loans
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Financials of Everest Gold Loans
Figures of Everest Gold Loans Private Limited, the primary company behind Everest Gold Loans, for FY 2022. Revenue was ₹11.1 Lakh (-71% year on year). Net profit was ₹1.8 Lakh (16% margin). EBITDA was ₹3 Lakh (27% margin). Revenue has grown at a compounded annual rate of -52% over three years and -33% over five years.
- ₹11.1 LakhRevenue · FY 2022 · -71% YoY
- ₹1.8 LakhNet profit · 16% margin
- ₹3 LakhEBITDA · 27% margin
- ₹2.00 CrPaid-up capital
- -52%Revenue CAGR, 3 years
- -33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Everest Gold Loans Private Limited are on its company page.
Detailed financial statements for Everest Gold Loans
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Competitors of Everest Gold Loans
Everest Gold Loans operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
| 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. | |
| herofincorp.com | 1991 | Delhi, India | $274.96M | 3,446 | 2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | |
| bajajfinserv.in | 2007 | Pune, India | – | 53,782 | Financial solutions including loans and insurance are offered. | |
| northernarc.com | 2006 | Chennai, India | $283.47M | 1,139 | Household and business loans are provided with risk management support. | |
| mahindrafinance.com | 1991 | Mumbai, India | $84.59M | 25,004 | Consumer and SME loans are provided by Mahindra Finance. | |
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| cholamandalam.com | 1978 | Chennai, India | – | 51,396 | Home and SME loans are provided in India. |
Detailed competitors of Everest Gold Loans
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Similar companies to Everest Gold Loans
10 companies that operate in the same segment as Everest Gold Loans (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
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 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 | |
Housing loans are extended to middle-income households in India. | 2010 | Gurugram, Haryana, India | USD 111.02 M | USD 162.86 M | 3,820 |
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Frequently Asked Questions about Everest Gold Loans
Everest Gold Loans was founded in 2012.
Everest Gold Loans is headquartered in Erode, India. It is registered at Erode, Tamil Nadu, India.
The primary company behind Everest Gold Loans, Everest Gold Loans Private Limited, reported revenue of ₹11.1 Lakh for FY 2022, down 71% year on year.
Everest Gold Loans, established in 2012, excels in offering financial products and advice, consumer lending, loan provision, and personal loans. Provides consumer loans to individuals. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Everest Gold Loans's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Everest Gold Loans operates through Everest Gold Loans Private Limited.
The legal entities of Everest Gold Loans currently have 3 directors, including Saravanan Rajendran, Ramlulla Hanilkumar, Vasudevan Gopu.