About Hytone Finance
Hytone Finance is a Financial Services company based in Kolkata (India) founded in 1994. It provides loans for vehicles, businesses, personal needs, and construction finance. It operates on a B2B and B2C model. Its Indian entity Hytone Merchants Pvt Ltd reported revenue of ₹15.20 Cr. Hytone Finance offers products and services including Goods Vehicle Finance, Passenger Vehicle Finance, Two Wheeler Finance, Top Up and Working Capital, and MSME/Business Loan. Its focus areas include FinTech, Lending Tech, Business Finance and MSME Loans. Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
Hytone Finance operates as a non-banking financial company registered with the Reserve Bank of India, providing diverse lending services such as vehicle finance, MSME loans, gold loans, and personal loans. Incorporated under the Companies Act, it is based in Kolkata and focuses on supporting individuals and businesses through accessible financing options. Promoted by an experienced MD, the company emphasizes responsible lending and regulatory compliance.
- Headquarters Kolkata, India
- SectorsFinancial Services
- Email••••••••
- Website hytonefinance.com
- Legal Name Hytone Merchants Pvt Ltd
- Date of Incorporation 19 Jul, 1994
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹15.20 Cr
FY 2025 · +48% YoY
- Net Profit₹87.9 Lakh
FY 2025 · 6% margin
- EBITDA₹2.88 Cr
FY 2025 · 19% margin
Associated legal entities of Hytone Finance
Hytone Finance is associated with 3 registered companies on The Company Check; the primary company is Hytone Merchants Pvt Ltd. 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 |
|---|---|---|---|---|---|---|---|
| Hytone Merchants Pvt Ltd CIN U51109WB1994PTC063994 | Active | 19 Jul 1994 | Kolkata, West Bengal | ₹15.2 Cr | 52 | 2 | View details |
| Beckbagan Developers Llp CIN AAP-5641 | Active | 11 Jun 2019 | Kolkata, West Bengal | 2 | View details | ||
| Infinite Tradelink Private Limited CIN U51909WB2021PTC244147 | Active | 24 Mar 2021 | Kolkata, West Bengal | ₹0.1 Cr | 2 | View details |
Products & Services of Hytone Finance
Hytone Finance offers a comprehensive portfolio of products and services, including Goods Vehicle Finance, Passenger Vehicle Finance, Two Wheeler Finance, Top Up and Working Capital, and MSME/Business Loan.
Finance for purchasing goods vehicles to support business operations.
Loans for buying passenger vehicles for personal or commercial use.
Funding for two-wheelers to meet transportation needs.
Additional funds for business working capital and expansion.
Loans for small and medium enterprises to foster growth.
Loans against gold assets for quick financial assistance.
Unsecured loans for individual needs and expenses.
Funding for construction projects and real estate development.
Board of directors of Hytone Merchants Pvt Ltd (Hytone Finance)
Hytone Merchants Pvt Ltd is the primary company behind Hytone Finance. The boards of the 3 registered companies of Hytone Finance currently have 3 directors; the longest-serving is Anil Kumar Agarwal, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anil Kumar Agarwal DIN 00646115 | Designated Partner | 11 Jun 2019 | 7 yrs 4 mo | Beckbagan Developers Llp, Infinite Tradelink Private Limited, Hytone Merchants Pvt Ltd |
| Manisha Agarwal DIN 01918418 | Designated Partner | 11 Jun 2019 | 7 yrs 4 mo | Beckbagan Developers Llp, Hytone Merchants Pvt Ltd |
| Soumen Modak DIN 09112396 | Director | 24 Mar 2021 | 5 yrs 7 mo | Infinite Tradelink Private Limited |
Financials of Hytone Finance
Figures of Hytone Merchants Pvt Ltd, the primary company behind Hytone Finance, for FY 2025. Revenue was ₹15.20 Cr (+48% year on year). Net profit was ₹87.9 Lakh (6% margin). EBITDA was ₹2.88 Cr (19% margin). Revenue has grown at a compounded annual rate of +177% over three years and +78% over five years.
- ₹15.20 CrRevenue · FY 2025 · +48% YoY
- ₹87.9 LakhNet profit · 6% margin
- ₹2.88 CrEBITDA · 19% margin
- ₹3.44 CrPaid-up capital
- 52Employees (provident fund records)
- +177%Revenue CAGR, 3 years
- +78%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hytone Merchants Pvt Ltd are on its company page.
Detailed financial statements for Hytone Finance
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Similar companies to Hytone Finance
Hytone Finance has 3 listed similar companies 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 similar companies of Hytone Finance
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- Full competitor set
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Top companies in Microfinance
3 companies that operate in the same segment as Hytone Finance (Microfinance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 40 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Frequently Asked Questions about Hytone Finance
Hytone Finance was founded in 1994.
Hytone Finance is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
The primary company behind Hytone Finance, Hytone Merchants Pvt Ltd, reported revenue of ₹15.20 Cr for FY 2025, up 48% year on year.
Hytone Finance operates as a non-banking financial company registered with the Reserve Bank of India, providing diverse lending services such as vehicle finance, MSME loans, gold loans, and personal loans. Incorporated under the Companies Act, it is based in Kolkata and focuses on supporting individuals and businesses through accessible financing options. Promoted by an experienced MD, the company emphasizes responsible lending and regulatory compliance.
Hytone Finance's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Hytone Finance offers Goods Vehicle Finance, Passenger Vehicle Finance, Two Wheeler Finance, Top Up and Working Capital, and 4 more products and services.
Hytone Finance is associated with 3 legal entities: Hytone Merchants Pvt Ltd, Beckbagan Developers Llp, Infinite Tradelink Private Limited.
The legal entities of Hytone Finance currently have 3 directors, including Anil Kumar Agarwal, Manisha Agarwal, Soumen Modak.