About KREDIT Foundation
KREDIT Foundation is a Government & Social Sector company based in Bardhaman (India) founded in 2012. It offers financial services, training, and remittances to underserved rural communities in India. It operates on a B2B and B2C model in Government & Social Sector and Agriculture sectors. The company has 63 employees. Its Indian entity Kalyan Rural Empowerment Developement Infofintech Foundation reported revenue of ₹27.31 Cr. KREDIT Foundation offers products and services including Business Correspondent Services, Money Remittance, Training Services, and Utility Bill Payments. Its focus areas include E-Governance, ICT Services, Rural Development and Digital Initiatives. Its competitors include Dvara KGFS, Pay Point India and Kaleidofin; 3 of its 3 listed competitors have raised funding.
Company details
KREDIT Foundation is a Section 25 company incorporated in 2012, focusing on rural empowerment through financial services. It acts as a business correspondent for banks, providing savings, deposits, insurance, and remittance services to unserved rural populations across India. The organization implements government schemes like DBT and utilizes ICT for financial inclusion and e-governance initiatives. Based primarily in West Bengal, it operates in multiple states to support rural development.
- Headquarters Bardhaman, India
- Employees 63
- SectorsGovernment & Social SectorAgriculture
- Email••••••••
- Website kreditfoundation.in
- Legal Name Kalyan Rural Empowerment Developement Infofintech Foundation
- Date of Incorporation 28 Aug, 2012
- Jurisdiction Burdwan, West Bengal, India
- Annual Revenue₹27.31 Cr
FY 2024 · +26% YoY
- Net Profit₹60.6 Lakh
FY 2024 · 2% margin
- EBITDA₹1.17 Cr
FY 2024 · 4% margin
- Employee Count63
Associated legal entities of KREDIT Foundation
KREDIT Foundation operates through Kalyan Rural Empowerment Developement Infofintech Foundation (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Kalyan Rural Empowerment Developement Infofintech Foundation CIN U65923WB2012NPL185190 | Active | 28 Aug 2012 | Burdwan, West Bengal | ₹27.3 Cr | 63 | 4 | View details |
Products & Services of KREDIT Foundation
KREDIT Foundation offers a comprehensive portfolio of products and services, including Business Correspondent Services, Money Remittance, Training Services, and Utility Bill Payments.
Facilitates banking services like savings and deposits for rural populations.
Enables secure money transfers across India for users.
Provides product and operational training for community development.
Handles bill payments and PAN, DSC services for customers.
Board of directors of Kalyan Rural Empowerment Developement Infofintech Foundation (KREDIT Foundation)
Kalyan Rural Empowerment Developement Infofintech Foundation is the primary company behind KREDIT Foundation. The board of Kalyan Rural Empowerment Developement Infofintech Foundation currently have 4 directors; the longest-serving is Indrajit Chatterjee, appointed in 2012. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Indrajit Chatterjee DIN 05288825 | Director | 28 Aug 2012 | 14 yrs 2 mo | Kalyan Rural Empowerment Developement Infofintech Foundation |
| Suman Mukherjee DIN 05117489 | Director | 01 Feb 2022 | 4 yrs 9 mo | Kalyan Rural Empowerment Developement Infofintech Foundation |
| Rajat Kumar Mitra DIN 05117475 | Director | 01 Feb 2022 | 4 yrs 9 mo | Kalyan Rural Empowerment Developement Infofintech Foundation |
| Abhijit Das DIN 05117496 | Director | 01 Feb 2022 | 4 yrs 9 mo | Kalyan Rural Empowerment Developement Infofintech Foundation |
Financials of KREDIT Foundation
Figures of Kalyan Rural Empowerment Developement Infofintech Foundation, the primary company behind KREDIT Foundation, for FY 2024. Revenue was ₹27.31 Cr (+26% year on year). Net profit was ₹60.6 Lakh (2% margin). EBITDA was ₹1.17 Cr (4% margin). Revenue has grown at a compounded annual rate of +18% over three years and +29% over five years.
- ₹27.31 CrRevenue · FY 2024 · +26% YoY
- ₹60.6 LakhNet profit · 2% margin
- ₹1.17 CrEBITDA · 4% margin
- ₹5.5 LakhPaid-up capital
- 63Employees (provident fund records)
- +18%Revenue CAGR, 3 years
- +29%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Kalyan Rural Empowerment Developement Infofintech Foundation are on its company page.
Detailed financial statements for KREDIT Foundation
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Verified entity values are shown only after access is granted.
Competitors of KREDIT Foundation
KREDIT Foundation has 3 listed competitors in our database, 3 of them funded. They include Dvara KGFS, Pay Point India and Kaleidofin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| paypointindia.com | 2007 | Mumbai, India | $7.74M | 346 | Digital financial and retail services are provided via agent networks. | |
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending |
Detailed competitors of KREDIT Foundation
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Top companies in E-Governance
3 companies that operate in the same segment as KREDIT Foundation (E-Governance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of secondary & higher secondary education | 1994 | Mumbai, Maharashtra, India | USD 228.41 M | 49 | ||
Government portal for state services and information. | 2020 | India | ||||
Government services, administration, and initiatives in Odisha, India. | 2011 | Bhubaneswar, Odisha, India |
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Frequently Asked Questions about KREDIT Foundation
KREDIT Foundation was founded in 2012.
KREDIT Foundation is headquartered in Bardhaman, India. It is registered at Bardhaman, West Bengal, India.
KREDIT Foundation has 63 employees.
The primary company behind KREDIT Foundation, Kalyan Rural Empowerment Developement Infofintech Foundation, reported revenue of ₹27.31 Cr for FY 2024, up 26% year on year.
KREDIT Foundation is a Section 25 company incorporated in 2012, focusing on rural empowerment through financial services. It acts as a business correspondent for banks, providing savings, deposits, insurance, and remittance services to unserved rural populations across India. The organization implements government schemes like DBT and utilizes ICT for financial inclusion and e-governance initiatives. Based primarily in West Bengal, it operates in multiple states to support rural development.
KREDIT Foundation's top competitors include Pay Point India, Kaleidofin and Dvara KGFS.
KREDIT Foundation offers Business Correspondent Services, Money Remittance, Training Services, and Utility Bill Payments.
KREDIT Foundation operates through Kalyan Rural Empowerment Developement Infofintech Foundation.
The legal entities of KREDIT Foundation currently have 4 directors, including Suman Mukherjee, Indrajit Chatterjee, Rajat Kumar Mitra and others.