About Finrays
Finrays is a Financial Services company based in Mumbai (India) founded in 2018 by Sakshi Agarwal, Reginald Fernandes, and Naresh Kumar. Online lending marketplace for personal and business loans is facilitated. Its Indian entity Finacri Advisory Intermediary & Resources Private Limited reported revenue of ₹1.29 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Diversified. Its competitors include MyShubhLife, IndiaLends and Epimoney; 2 of its 3 listed competitors have raised funding.
Company details
Finrays was founded in 2018 in Mumbai, India, as a fintech platform. An app-based marketplace is operated for Android devices, connecting users to multiple lending partners. Services encompass home loans, personal loans, mortgage loans, working capital loans, credit cards, and machinery or equipment financing. Operations focus on personal and business lending within the Indian market.
- Headquarters Mumbai, India
- Founders Sakshi Agarwal, Reginald Fernandes, Naresh Kumar
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website finrays.com
- Social LinkedIn X
- Legal Name Finacri Advisory Intermediary & Resources Private Limited
- Date of Incorporation 21 Aug, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.29 Cr
FY 2025 · -42% YoY
- Net Profit₹6.4 Lakh
FY 2025 · 5% margin
- EBITDA₹7.3 Lakh
FY 2025 · 6% margin
Associated legal entities of Finrays
Finrays operates through Finacri Advisory Intermediary & Resources 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 |
|---|---|---|---|---|---|---|---|
| Finacri Advisory Intermediary & Resources Private Limited CIN U74999MH2019PTC329554 | Active | 21 Aug 2019 | Mumbai, Maharashtra | ₹1.3 Cr | 3 | View details |
Board of directors of Finacri Advisory Intermediary & Resources Private Limited (Finrays)
Finacri Advisory Intermediary & Resources Private Limited is the primary company behind Finrays. The board of Finacri Advisory Intermediary & Resources Private Limited currently have 3 directors; the longest-serving is Reginald Joseph Fernandes, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Reginald Joseph Fernandes DIN 08542464 | Director | 21 Aug 2019 | 7 yrs 2 mo | Finacri Advisory Intermediary & Resources Private Limited |
| Naresh Dharmraj Kumar DIN 08542465 | Director | 21 Aug 2019 | 7 yrs 2 mo | Finacri Advisory Intermediary & Resources Private Limited |
| Sakshi Sureshchand Gupta DIN 08542466 | Director | 21 Aug 2019 | 7 yrs 2 mo | Finacri Advisory Intermediary & Resources Private Limited |
People of Finrays
3 people are tracked at Finrays (3 in leadership).
| Name | Role | Group |
|---|---|---|
Sakshi Agarwal | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Finrays
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Verified entity values are shown only after access is granted.
Financials of Finrays
Figures of Finacri Advisory Intermediary & Resources Private Limited, the primary company behind Finrays, for FY 2025. Revenue was ₹1.29 Cr (-42% year on year). Net profit was ₹6.4 Lakh (5% margin). EBITDA was ₹7.3 Lakh (6% margin). Revenue has grown at a compounded annual rate of -30% over three years and +19% over five years.
- ₹1.29 CrRevenue · FY 2025 · -42% YoY
- ₹6.4 LakhNet profit · 5% margin
- ₹7.3 LakhEBITDA · 6% margin
- ₹1 LakhPaid-up capital
- -30%Revenue CAGR, 3 years
- +19%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Finacri Advisory Intermediary & Resources Private Limited are on its company page.
Detailed financial statements for Finrays
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 Finrays
Finrays has 3 listed competitors in our database, 2 of them funded. They include MyShubhLife, IndiaLends and Epimoney.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myshubhlife.com | 2016 | Bengaluru, India | $29.01M | 144 | Embedded finance and personal loan solutions for businesses are offered. | |
| indialends.com | 2014 | Gurugram, India | $30.11M | 221 | Online platform providing loans and credit cards from various financial institutions | |
| epimoney.in | 1995 | Chennai, India | 623 | Consumer and business loans are facilitated via an online platform. |
Detailed competitors of Finrays
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as Finrays (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 185.7 M | 2,787 |
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Frequently Asked Questions about Finrays
Finrays was founded in 2018.
Finrays is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Finrays, Finacri Advisory Intermediary & Resources Private Limited, reported revenue of ₹1.29 Cr for FY 2025, down 42% year on year.
Finrays was founded in 2018 in Mumbai, India, as a fintech platform. An app-based marketplace is operated for Android devices, connecting users to multiple lending partners. Services encompass home loans, personal loans, mortgage loans, working capital loans, credit cards, and machinery or equipment financing. Operations focus on personal and business lending within the Indian market.
Finrays's top competitors include Epimoney, MyShubhLife and IndiaLends.
Finrays operates through Finacri Advisory Intermediary & Resources Private Limited.
The legal entities of Finrays currently have 3 directors, including Reginald Joseph Fernandes, Naresh Dharmraj Kumar, Sakshi Sureshchand Gupta.