About Financekar
Financekar was a Financial Services company based in Mumbai (India) founded in 2016 by Shah Thakkar and Kaitav Shah. It operates a digital hub to facilitate education loans. It operates on a B2C model. Its Indian entity Nemitiru Advisors Private Limited reported revenue of ₹23.8 Lakh. The company is recorded as dissolved. Its focus areas include Banking, Education Finance and Loan Platforms. Its competitors include Auxilo, Eduvanz and GyanDhan; 3 of its 3 listed competitors have raised funding.
Company details
Financekar, led by Shah Thakkar as Co-Founder, Managing Director, Kaitav Shah as Co-Founder, specializes in offering financial products and advice, banking, education finance, and loan platforms. Operates a digital hub to facilitate education loans. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
- Headquarters Mumbai, India
- Founders Shah Thakkar, Kaitav Shah
- SectorsFinancial Services
- Website financekar.com
- Social X Facebook
- Legal Name Nemitiru Advisors Private Limited
- Date of Incorporation 03 Feb, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹23.8 Lakh
FY 2025 · -10% YoY
- Net Profit₹15.4 Lakh
FY 2025 · 65% margin
- EBITDA₹18.2 Lakh
FY 2025 · 76% margin
Associated legal entities of Financekar
Financekar operates through Nemitiru Advisors Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nemitiru Advisors Private Limited CIN U72900MH2017PTC290142 | Active | 03 Feb 2017 | Mumbai, Maharashtra | ₹0.2 Cr | 2 | View details |
Board of directors of Nemitiru Advisors Private Limited (Financekar)
Nemitiru Advisors Private Limited is the primary company behind Financekar. The board of Nemitiru Advisors Private Limited currently have 2 directors; the longest-serving is Kaitav Mahesh Shah, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kaitav Mahesh Shah DIN 07632766 | Director | 03 Feb 2017 | 9 yrs 8 mo | Nemitiru Advisors Private Limited |
| Atul Rajendra Thakkar DIN 07632768 | Director | 03 Feb 2017 | 9 yrs 8 mo | Nemitiru Advisors Private Limited |
People of Financekar
2 people are tracked at Financekar (2 in leadership).
| Name | Role | Group |
|---|---|---|
Shah Thakkar | Co-Founder, Managing Director | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Financekar
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Financials of Financekar
Figures of Nemitiru Advisors Private Limited, the primary company behind Financekar, for FY 2025. Revenue was ₹23.8 Lakh (-10% year on year). Net profit was ₹15.4 Lakh (65% margin). EBITDA was ₹18.2 Lakh (76% margin). Revenue has grown at a compounded annual rate of -7% over three years and +18% over five years.
- ₹23.8 LakhRevenue · FY 2025 · -10% YoY
- ₹15.4 LakhNet profit · 65% margin
- ₹18.2 LakhEBITDA · 76% margin
- ₹1.05 CrPaid-up capital
- -7%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nemitiru Advisors Private Limited are on its company page.
Detailed financial statements for Financekar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Financekar
Financekar has 3 listed competitors in our database, 3 of them funded. They include Auxilo, Eduvanz and GyanDhan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auxilo.com | 2017 | Mumbai, India | $127.05M | 459 | Financial products for education loans and services are provided. | |
| eduvanz.com | 2016 | Mumbai, India | $40.28M | 137 | Financial assistance is provided for education, career, and skills development. | |
| gyandhan.com | 2015 | Delhi, India | $7.78M | 267 | Education loan marketplace and study abroad support are provided. |
Detailed competitors of Financekar
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Frequently Asked Questions about Financekar
Financekar was founded in 2016.
Financekar is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Financekar, Nemitiru Advisors Private Limited, reported revenue of ₹23.8 Lakh for FY 2025, down 10% year on year.
Financekar, led by Shah Thakkar as Co-Founder, Managing Director, Kaitav Shah as Co-Founder, specializes in offering financial products and advice, banking, education finance, and loan platforms. Operates a digital hub to facilitate education loans. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Financekar operates through Nemitiru Advisors Private Limited.
The legal entities of Financekar currently have 2 directors, including Kaitav Mahesh Shah, Atul Rajendra Thakkar.