About IMGC
IMGC is a Financial Services company based in Noida (India) founded in 2012. It operates as a mortgage guarantee products are provided to enhance home loan eligibility. IMGC has raised $25.13 million across 1 funding round from investors including Sagen. The company has 214 employees. IMGC was last valued at $78.85 million in April 2022. Its chief executive is Mahesh Misra. Its Indian entity India Mortgage Guarantee Corporation Private Limited reported revenue of ₹66.03 Cr. IMGC offers products and services including Mortgage Guarantee Service and Lender Partner Benefits. Its focus areas include Service Providers to Banks and Mortgage Guarantee. Its competitors include LoanSnap, Kiavi, MT Finance, One Savings Bank and Certain Lending and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
IMGC was founded in 2012 in Noida, India, within the financial services sector focused on mortgage guarantees. Risk mitigation is offered to lenders via first loss default coverage, enabling access to untapped markets and segments. Credit and collateral assessments are performed using AI and machine learning tools. Industry best practices are shared with lender partners to support operational improvements.
- Annual Revenue₹66.03 Cr
FY 2023 · +40% YoY
- Net Profit₹3.39 Cr
FY 2023 · 5% margin
- EBITDA₹6.81 Cr
FY 2023 · 10% margin
- Total Equity Funding$25.13M (USD)
in 1 rounds
- Latest Funding Round$25.13M (USD), Seed
Apr 2022
- Investors
- Employee Count214
Associated legal entities of IMGC
IMGC operates through India Mortgage Guarantee Corporation Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| India Mortgage Guarantee Corporation Private Limited CIN U65922DL2006FTC153640 | Active | 13 Sep 2006 | New Delhi, Delhi | ₹66.0 Cr | 214 | 9 | View details |
Products & Services of IMGC
IMGC offers a comprehensive portfolio of products and services, including Mortgage Guarantee Service and Lender Partner Benefits.
Provides guarantees for home loans to reduce lender credit risk
Offers tools and processes for lenders to enhance loan eligibility
Apps and channels of IMGC
its YouTube channel IMGC - India Mortgage Guarantee Corporation has 54 subscribers and 30 videos.
Videos from IMGC
The most watched videos on IMGC's YouTube channel, IMGC - India Mortgage Guarantee Corporation (54 subscribers). Click a video to play it here.
Funding Insights of IMGC
IMGC has successfully raised a total of $25.13M through 1 strategic funding round. The most recent funding activity was a Seed round of $25.13 million completed in April 2022. 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 $25.13M
- Total Rounds 1
- Last Round Seed — $25.13M
- First Round $25.13M
(Apr 2022)
- Investors Count 1
All 1 funding rounds of IMGC 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 |
|---|---|---|---|---|---|
| Apr 2022 | $25.13M | Seed | $78.85M | Sagen | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $78.85M | •••••••• |
Last known valuation $78.85M (Apr 2022). 1 investors in total: 1 institutional.
Investors in IMGC
IMGC has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Sagen.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Mortgage insurance is provided to Canadian lenders and borrowers. | 1995 | sagen.ca | Oakville, Canada |
Investor details for IMGC
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of India Mortgage Guarantee Corporation Private Limited (IMGC)
India Mortgage Guarantee Corporation Private Limited is the primary company behind IMGC. The board of India Mortgage Guarantee Corporation Private Limited currently have 8 directors; the longest-serving is Stuart Edward Take, appointed in 2006. 25 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Stuart Edward Take DIN 00505488 | Director | 18 Sep 2006 | 20 yrs | India Mortgage Guarantee Corporation Private Limited |
| Stuart Kendrick Levings DIN 09425946 | Director | 09 Jun 2022 | 4 yrs 4 mo | India Mortgage Guarantee Corporation Private Limited |
| Mahesh Misra DIN 10100943 | Managing Director | 22 Jun 2023 | 3 yrs 3 mo | India Mortgage Guarantee Corporation Private Limited |
| Matthew Robert Young DIN 10043795 | Nominee Director | 08 Feb 2024 | 2 yrs 8 mo | India Mortgage Guarantee Corporation Private Limited |
| Christopher Chongho Ahn DIN 10043660 | Nominee Director | 08 Feb 2024 | 2 yrs 8 mo | India Mortgage Guarantee Corporation Private Limited |
| Rajinder Singh DIN 07502095 | Nominee Director | 08 Feb 2024 | 2 yrs 8 mo | India Mortgage Guarantee Corporation Private Limited |
| Supratim Bandyopadhyay DIN 03558215 | Director | 22 Mar 2024 | 2 yrs 6 mo | India Mortgage Guarantee Corporation Private Limited |
| Anshul Jaiswal DIN 10647081 | Nominee Director | 07 Jun 2024 | 2 yrs 4 mo | India Mortgage Guarantee Corporation Private Limited |
People of IMGC
29 people are tracked at IMGC (19 in leadership, 10 in team); the tracked headcount is 214.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership | |
Shahbaz Russel | Chief Risk Manager (senior) | Leadership |
Colin D'Souza | Chief Business Officer | Leadership |
Nihar Rastogi | Vice President Strategic Initiatives & Marketing | Leadership |
Neeraj Chauhan | Chief Marketing Manager | Leadership |
Amit Diwan | Chief Distribution Officer | Leadership |
Anuj Sharma | Chief Operations Officer | Leadership |
Sunil Jain | Associate Director - Operations | Leadership |
Amit Bhachawat | Chief Financial Officer | Leadership |
Harpreet Sandhu | Chief Human Resources Officer | Leadership |
Kanika Singh | Chief Risk Officer | Leadership |
Sumit Chadha | Chief Information Officer | Leadership |
Vivek Gupta | Associate Director Finance | Leadership |
Pragya Agrawal | Associate Director | Head Fp&a | Leadership |
Aakanksha Dabral | Associate Director- Human Resources | Leadership |
Aphatab Ali | Chief Manager- IT | Leadership |
Shaifali Jain | Chief Manager (senior) - Risk & Automation | Leadership |
Meena Sharma | EA & Chief Manager Administration | Leadership |
Pawan Kumar | Vice President Of Risk Management | Leadership |
Sheetal Singh | Sr. Key Account Manager | Team |
9 more people are available in the full profile.
Complete people profiles for IMGC
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of IMGC
Figures of India Mortgage Guarantee Corporation Private Limited, the primary company behind IMGC, for FY 2023. Revenue was ₹66.03 Cr (+40% year on year). Net profit was ₹3.39 Cr (5% margin). EBITDA was ₹6.81 Cr (10% margin). Revenue has grown at a compounded annual rate of +21% over three years and +26% over five years.
- ₹66.03 CrRevenue · FY 2023 · +40% YoY
- ₹3.39 CrNet profit · 5% margin
- ₹6.81 CrEBITDA · 10% margin
- ₹374 CrPaid-up capital
- 214Employees (provident fund records)
- +21%Revenue CAGR, 3 years
- +26%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of India Mortgage Guarantee Corporation Private Limited are on its company page.
Detailed financial statements for IMGC
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.
Timeline of IMGC
3 dated milestones of IMGC across 10 years, from founding to its latest funding, stage changes and deals.
- Founded IMGC is founded.
- Funding First funding round of $25.1M.
- Milestone Reaches Minicorn status.
Competitors of IMGC
IMGC has 9 listed competitors in our database, 8 of them funded. They include LoanSnap, Kiavi, MT Finance, One Savings Bank and Certain Lending, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goloansnap.com | 2018 | San Francisco, United States | $57.7M | 102 | Online marketplace for residential & commercial mortgage loans | |
| kiavi.com | 2013 | San Francisco, United States | $241.3M | – | Residential and commercial mortgages are connected via an online marketplace. | |
| mt-finance.com | 2008 | London, United Kingdom | $11.06M | 36 | Diversified lending NBFI | |
| osb.co.uk | 2011 | Chatham, United Kingdom | – | 1,755 | Provider of an online marketplace for mortgage loans | |
| certainlending.com | 2017 | San Francisco, United States | $7.73M | 58 | Online P2P platform for real estate lending is facilitated. | |
| perenna.com | 2006 | Chesterfield, United Kingdom | $92M | – | Provider of home financial services | |
| acrehomes.com | 2021 | Raleigh, United States | $10M | 11 | Residential homes are facilitated via an online rent-to-buy mortgage platform. | |
| honestfund.kr | 2015 | Seoul, South Korea | $29.06M | – | B2C marketplace for personal and small business loans | |
| ambak.com | 2023 | Gurugram, India | $10.2M | 263 | Provider of home loans and loan against property financial services |
Detailed competitors of IMGC
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of IMGC
The website of IMGC (imgc.com) receives about 2.8K visits a month.
- Monthly visits2.8K
▼ 6.7% vs previous month
Websites whose visitors overlap most with IMGC. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mahamayagroup.in | 100% | 11.3K | – | View details |
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as IMGC (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Related news about Imgc
Complete news archive for IMGC
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Frequently Asked Questions about IMGC
IMGC was founded in 2012 and raised its 1st funding round 10 years after it was founded.
IMGC is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Mahesh Misra is the current CEO of IMGC.
IMGC is a funded company, having raised a total of $25.13M across 1 funding round to date. The company's 1st funding round was a Seed of $25.13M, raised on Apr 2022.
IMGC has 214 employees.
The primary company behind IMGC, India Mortgage Guarantee Corporation Private Limited, reported revenue of ₹66.03 Cr for FY 2023, up 40% year on year.
IMGC was founded in 2012 in Noida, India, within the financial services sector focused on mortgage guarantees. Risk mitigation is offered to lenders via first loss default coverage, enabling access to untapped markets and segments. Credit and collateral assessments are performed using AI and machine learning tools. Industry best practices are shared with lender partners to support operational improvements.
IMGC's top competitors include LoanSnap, Kiavi and MT Finance.
IMGC offers Mortgage Guarantee Service and Lender Partner Benefits.
IMGC has 1 investor. Key investors include Sagen.
The valuation of IMGC is $78.85M as of Apr 2022.
IMGC operates through India Mortgage Guarantee Corporation Private Limited.