About Finova Capital
Finova Capital is a Financial Services company based in Jaipur (India) founded in 2015 by Sunita Sahney and Mohit Sahney. Micro-credit is extended to low-income individuals and businesses. It operates on a FinTech model. Finova Capital has raised $258.84 million across 9 funding rounds from investors including Bank of Baroda, Peak XV Partners and Norwest Venture Partners. The company has 5,287 employees. Finova Capital was last valued at $375.66 million in March 2022. Its chief executive, as recorded, is Mohit Sahney. Its Indian entity Finova Capital Private Limited reported revenue of ₹922 Cr. Finova Capital offers products and services including MSME Business Loan, Home Loan, and Personal Loan. Its focus areas include Financials, Non-Banking Financial Companies and Consumer Finance. Its competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv; 1 of its 3 listed competitors has raised funding.
Company details
Finova Capital, a leading non-banking financial company (NBFC) licensed by the Reserve Bank of India, is focused on empowering micro, small, and medium enterprises (MSMEs) across India. Financial products such as business loans, home loans, and personal loans are offered to support unorganized and underserved segments. Operating in 16 states with over 400 branches, innovative technology and efficient processes are utilized to ensure quick access to funds. The mission to revolutionize credit delivery and contribute to economic growth is driven by core values of integrity and customer-centricity.
- Headquarters Jaipur, India
- Employees 5,287
- Founders Sunita Sahney, Mohit Sahney
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website finova.in
- Social LinkedIn X Facebook
- Legal Name Finova Capital Pvt. Ltd.
- Date of Incorporation 24 Sep, 2015
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹922 Cr
FY 2026 · +21% YoY
- Net Profit₹165 Cr
FY 2026 · 18% margin
- EBITDA₹466 Cr
FY 2026 · 51% margin
- Total Equity Funding$258.84M (USD)
in 9 rounds
- Latest Funding Round$135M (USD), Series E
Oct 2024
- InvestorsBank of Baroda
& 14 more
- Employee Count5,287
Associated legal entities of Finova Capital
Finova Capital operates through Finova Capital Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finova Capital Private Limited CIN U65993RJ2015PTC048340 | Active | 24 Sep 2015 | Jaipur, Rajasthan | ₹922 Cr | 4,175 | 10 | View details |
Products & Services of Finova Capital
Finova Capital offers a comprehensive portfolio of products and services, including MSME Business Loan, Home Loan, and Personal Loan.
Loans for MSMEs are provided with easy processing.
Home loans are offered with simple, hassle-free processes.
Personal loans are provided with fast, smooth processing.
Funding Insights of Finova Capital
Finova Capital has successfully raised a total of $258.84M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $135 million completed in October 2024. 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 $258.84M
- Total Rounds 9
- Last Round Series E — $135M
- First Round $934,032
(May 2016)
- Investors Count 15
All 9 funding rounds of Finova Capital 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 |
|---|---|---|---|---|---|
| Oct 2024 | $135M | Series E | – | – | |
| Mar 2022 | $65M | Series D | $375.66M | Norwest Venture Partners | |
| Oct 2020 | $20M | Debt – Conventional | – | – | – |
| Oct 2020 | $36.52M | Series C | $152.4M | Faering Capital, Peak XV Partners | |
| Sep 2020 | $2.04M | Debt – Conventional | – | – | |
| Mar 2019 | $15.38M | Series B | $••••• | Faering Capital | |
| Feb 2018 | $3.5M | Series A | $••••• | Peak XV Partners | – |
| Sep 2017 | $2.5M | Series A | $••••• | Peak XV Partners | – |
| May 2016 | $934,032 | Angel Round | $••••• | Prashant Gupta, Ravinder Singh Thakkar |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $375.66M | •••••••• |
| Oct 2020 | $152.4M | •••••••• |
| Mar 2019 | $••••• | •••••••• |
| Feb 2018 | $••••• | •••••••• |
| Sep 2017 | $••••• | •••••••• |
| May 2016 | $••••• | •••••••• |
Full valuation and stage history of Finova Capital
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $375.66M (Mar 2022). 15 investors in total: 10 institutional and 5 angel.
Investors in Finova Capital
Finova Capital has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bank of Baroda, Peak XV Partners and Norwest Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in growth-stage B2B and SaaS companies is facilitated through strategic support and funding. | 2003 | avataar.vc | Bengaluru, India | |
Investment firm focusing on equity investments in business services, consumer, financial services, healthcare, and technology sectors. | 2007 | madison-india.com | Port Louis, Mauritius | |
Venture capital investments are provided by Sofina to emerging companies. | sofinagroup.com | Brussels, Belgium | ||
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Private equity investments are directed across multiple industries. | Delhi, India | |||
Private equity investments are directed toward ESG-focused companies. | majinvest.com | Copenhagen, Denmark | ||
Private equity firm managing investments in Indian sectors. | 2009 | faeringcapital.com | Mumbai, India | |
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Commercial banking services are offered across India since 1908. | 1908 | bankofbaroda.in | Vadodara, India | |
MS Mohit Sahney | Angel investor and entrepreneur, focused on early-stage Indian startups. | unknown_f46319b738aa4c80a |
Investor details for Finova Capital
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Finova Capital Private Limited (Finova Capital)
Finova Capital Private Limited is the primary company behind Finova Capital. The board of Finova Capital Private Limited currently have 7 directors; the longest-serving is Sunita Sahney, appointed in 2015. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunita Sahney DIN 02395354 | Whole-time director | 24 Sep 2015 | 11 yrs 1 mo | Finova Capital Private Limited |
| Mohit Sahney DIN 07280918 | Managing Director | 24 Sep 2015 | 11 yrs 1 mo | Finova Capital Private Limited |
| Ravi Shankar Venkataraman Ganapathy Agraharam DIN 02604007 | Nominee Director | 11 Apr 2018 | 8 yrs 6 mo | Finova Capital Private Limited |
| Arjun Dan Ratnoo DIN 00802613 | Director | 24 Nov 2018 | 7 yrs 11 mo | Finova Capital Private Limited |
| Aditya Deepak Parekh DIN 02848538 | Nominee Director | 26 Mar 2019 | 7 yrs 7 mo | Finova Capital Private Limited |
| Sathyan David DIN 08386521 | Director | 30 Mar 2023 | 3 yrs 7 mo | Finova Capital Private Limited |
| Cchatardeep Dua DIN 11730323 | Nominee Director | 28 Jun 2026 | 4 mo | Finova Capital Private Limited |
People of Finova Capital
63 people are tracked at Finova Capital (21 in leadership, 6 in board & advisors, 36 in team); the tracked headcount is 5,287.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Axel Mancini | Co-CEO | Leadership |
Bhola Kumar | Vice President - Head Litigation | Leadership |
Deepak Rajan | State Head | Leadership |
Neelam Thawani | Vp-sales | Leadership |
Arpit Gupta | Chief Technology Officer | Leadership |
CA Rakesh Tailor | Senior Vice President - Credit Risk & Policy | Leadership |
Praful Ranjan | Senior Vice President Sales | Leadership |
Pankaj Pandey | Regional Business Head | Leadership |
Gourav Kumawat | Deputy Vice President | Leadership |
Sandeep Garg | Senior Vice President- Collection & Legal | Leadership |
Shahin Akhtar | Senior Vice President & Head Of Collections | Leadership |
VIVEK TYAGI | State Head | Leadership |
Pratima S. | Executive Assistant To MD & CEO | Leadership |
Ravi Sharma | Chief Financial Officer | Leadership |
Jai Dev Singh | Vice President | Leadership |
Mayank Markanday | Chief Business And Collection Officer | Leadership |
Priyanka Chouhan | Deputy Vice President | Leadership |
Vikram Singh Choudhary | State Head Collection | Leadership |
43 more people are available in the full profile.
Complete people profiles for Finova Capital
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Financials of Finova Capital
Figures of Finova Capital Private Limited, the primary company behind Finova Capital, for FY 2026. Revenue was ₹922 Cr (+21% year on year). Net profit was ₹165 Cr (18% margin). EBITDA was ₹466 Cr (51% margin). Revenue has grown at a compounded annual rate of +40% over three years and +49% over five years.
- ₹922 CrRevenue · FY 2026 · +21% YoY
- ₹165 CrNet profit · 18% margin
- ₹466 CrEBITDA · 51% margin
- ₹144 CrPaid-up capital
- 4,175Employees (provident fund records)
- +40%Revenue CAGR, 3 years
- +49%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Finova Capital Private Limited are on its company page.
Detailed financial statements for Finova Capital
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Finova Capital
4 dated milestones of Finova Capital across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Finova Capital is founded.
- Funding First funding round of $934K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series E, of $135.0M.
Competitors of Finova Capital
Finova Capital has 3 listed competitors in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
| 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. | ||
| bajajfinserv.in | 2007 | Pune, India | 53,782 | Financial solutions including loans and insurance are offered. |
Detailed competitors of Finova Capital
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Finova Capital
The website of Finova Capital (finova.in) receives about 5K visits a month.
- Monthly visits5K
▲ 5.3% vs previous month
Websites whose visitors overlap most with Finova Capital. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| skfin.in | 100% | 48.3K | #481,018 | View details | |
| mas.co.in | 94% | 33.9K | #1,251,754 | View details | |
| paisalo.in | 89% | 7.2K | #2,652,694 | View details | |
| tradebulls.in | 88% | 92.3K | #348,027 | View details | |
| barjeel.ae | 88% | #4,464,229 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 35 similar websites and full traffic analytics for Finova Capital
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- 35 similar websites
- Audience overlap
- Engagement analytics
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Verified entity values are shown only after access is granted.
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Finova Capital (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 Finova Capital
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Frequently Asked Questions about Finova Capital
Finova Capital was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Finova Capital is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Mohit Sahney is the CEO of Finova Capital, as recorded in our data. They have also founded this company.
Finova Capital is a funded company, having raised a total of $258.84M across 9 funding rounds to date. The company's 1st funding round was a Angel Round of $934.03K, raised on May 2016.
Finova Capital has 5,287 employees.
The primary company behind Finova Capital, Finova Capital Private Limited, reported revenue of ₹922 Cr for FY 2026, up 21% year on year.
Finova Capital, a leading non-banking financial company (NBFC) licensed by the Reserve Bank of India, is focused on empowering micro, small, and medium enterprises (MSMEs) across India. Financial products such as business loans, home loans, and personal loans are offered to support unorganized and underserved segments. Operating in 16 states with over 400 branches, innovative technology and efficient processes are utilized to ensure quick access to funds. The mission to revolutionize credit delivery and contribute to economic growth is driven by core values of integrity and customer-centricity.
Finova Capital's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Finova Capital offers MSME Business Loan, Home Loan, and Personal Loan.
Finova Capital has 15 investors. Key investors include Bank of Baroda, Peak XV Partners, Norwest Venture Partners, Avataar Ventures, and Faering Capital.
The valuation of Finova Capital is $375.66M as of Mar 2022.
Finova Capital operates through Finova Capital Private Limited.