About Kanakadurga Finance
Kanakadurga Finance is a company based in Vijayawada (India) founded in 1994 by Sandireddy Lakshmi Narayana. Kanakadurga Finance has raised $10 million across 1 funding round from investors including Banyan Tree Advisors and BanyanTree Finance. The company has 514 employees as of August 25, 2025. Kanakadurga Finance operates in a competitive market with competitors including Hinduja Leyland Finance, Bajaj Auto Finance, OTO, Mufin Green Finance and Bike Bazaar, among others.
- Headquarter Vijayawada, India
- Employees 514 as on 25 Aug, 2025
- Founders Sandireddy Lakshmi Narayana
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Kanakadurga Finance Limited
- Date of Incorporation 24 Oct, 1994
- Jurisdiction Vijayawada, Andhra Pradesh, India
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Annual Revenue
$17.45 M (USD)28.91as on Mar 31, 2020
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Net Profit
$989.56 K (USD)28.46as on Mar 31, 2020
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EBITDA
$9.06 M (USD)46.84as on Mar 31, 2020
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Unspecified
Apr 14, 2017
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Investors
Banyan Tree Advisors
& 1 more
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Employee Count
514
as on Aug 25, 2025
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Funding Insights of Kanakadurga Finance
Kanakadurga Finance has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $10 million completed in April 2017. 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 Total Funding
- Total Rounds 1
- Last Round Unspecified — $10.0M
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First Round
First Round
(14 Apr 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Unspecified - Kanakadurga Finance | Valuation | BanyanTree Finance , Banyan Tree Advisors |
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Investors in Kanakadurga Finance
Kanakadurga Finance has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Banyan Tree Advisors and BanyanTree Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm engaging in diverse sector partnerships in India.
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Founded Year | Domain | Location | |
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Provides portfolio management and investment advice for high-quality companies and long-term growth.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kanakadurga Finance
Financial Statements - Kanakadurga Finance
Kanakadurga Finance Comparisons
Competitors of Kanakadurga Finance
Kanakadurga Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinduja Leyland Finance, Bajaj Auto Finance, OTO, Mufin Green Finance and Bike Bazaar, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Vehicle and housing finance products are offered across India.
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| domain | founded_year | HQ Location |
Auto finance loans are provided for two-wheelers, three-wheelers, and cars.
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| domain | founded_year | HQ Location |
Two-wheeler loans are provided via a fintech platform for purchases.
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| domain | founded_year | HQ Location |
Consumer and SME loans are provided in India.
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| domain | founded_year | HQ Location |
Online platform for buying and selling two-wheelers
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| domain | founded_year | HQ Location |
MSME loans, vehicle financing, and property-secured loans are provided.
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Frequently Asked Questions about Kanakadurga Finance
Kanakadurga Finance was founded in 1994 and raised its 1st funding round 23 years after it was founded.
Kanakadurga Finance is headquartered in Vijayawada, India. It is registered at Vijayawada, Andhra Pradesh, India.
Kanakadurga Finance is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Unspecified of $10M, raised on Apr 14, 2017.
As of Aug 25, 2025, the latest employee count at Kanakadurga Finance is 514.
Annual revenue of Kanakadurga Finance is $17.45M as on Mar 31, 2020.
Kanakadurga Finance was founded in 1994 in Vijayawada, India, as a non-banking financial company. Operations began with financing for heavy vehicles and have since expanded to include loans for all vehicle types, used vehicle loans, refinancing options, and gold loans. A network of four branches is maintained across different states to support these services.
Kanakadurga Finance's top competitors include Hinduja Leyland Finance, CreditWise Capital and Bajaj Auto Finance.
Kanakadurga Finance has 2 investors. Key investors include Banyan Tree Advisors, and BanyanTree Finance.