About Nahar Credits
Nahar Credits is a Financial Services company based in Chennai (India) founded in 1993. Diversified consumer loans are facilitated via an online platform. Its Indian entity Nahar Credits Private Limited reported revenue of ₹5.29 Cr. Nahar Credits offers products and services including Personal Loans and Consumer Durable Loans. Its focus areas include Consumer and SME Loans, Consumer Loans and Diversified. Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
Nahar Credits was established in 1993 and is headquartered in Chennai, India. Operations are centered on an online marketplace within the fintech sector, where various consumer loans are made available to users. Applications for personal, medical, travel, wedding, and electronics purchase loans are processed through the platform. Loan services are extended, and repayments are collected from both new and existing borrowers across the region.
- Headquarters Chennai, India
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website naharcredits.in
- Legal Name Nahar Credits Private Limited
- Date of Incorporation 19 Oct, 1993
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹5.29 Cr
FY 2024 · -15% YoY
- Net Loss-₹8.98 Cr
FY 2024 · -170% margin
- EBITDA-₹7.61 Cr
FY 2024 · -144% margin
Associated legal entities of Nahar Credits
Nahar Credits operates through Nahar Credits Private Limited (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 |
|---|---|---|---|---|---|---|---|
| Nahar Credits Private Limited CIN U65921TN1993PTC026044 | Active | 19 Oct 1993 | Chennai, Tamil Nadu | ₹5.3 Cr | 6 | 2 | View details |
Products & Services of Nahar Credits
Nahar Credits offers a comprehensive portfolio of products and services, including Personal Loans and Consumer Durable Loans.
Loans for immediate financial needs like travel and medical expenses.
Financing for purchasing items like refrigerators and laptops.
Board of directors of Nahar Credits Private Limited (Nahar Credits)
Nahar Credits Private Limited is the primary company behind Nahar Credits. The board of Nahar Credits Private Limited currently have 2 directors; the longest-serving is Mandar Babasaheb Satpute, appointed in 2020. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mandar Babasaheb Satpute DIN 08394314 | Director | 27 Jan 2020 | 6 yrs 9 mo | Nahar Credits Private Limited |
| Mohit Chhajer DIN 08314394 | Director | 01 Feb 2021 | 5 yrs 9 mo | Nahar Credits Private Limited |
Financials of Nahar Credits
Figures of Nahar Credits Private Limited, the primary company behind Nahar Credits, for FY 2024. Revenue was ₹5.29 Cr (-15% year on year). Net loss was -₹8.98 Cr (-170% margin). EBITDA was -₹7.61 Cr (-144% margin). Revenue has grown at a compounded annual rate of +41% over three years and +36% over five years.
- ₹5.29 CrRevenue · FY 2024 · -15% YoY
- -₹8.98 CrNet loss · -170% margin
- -₹7.61 CrEBITDA · -144% margin
- ₹7.51 CrPaid-up capital
- 6Employees (provident fund records)
- +41%Revenue CAGR, 3 years
- +36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nahar Credits Private Limited are on its company page.
Detailed financial statements for Nahar Credits
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.
Similar companies to Nahar Credits
Nahar Credits 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 Nahar Credits
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Nahar Credits
The website of Nahar Credits (naharcredits.in) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 29.6% vs previous month
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Nahar Credits (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Frequently Asked Questions about Nahar Credits
Nahar Credits was founded in 1993.
Nahar Credits is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind Nahar Credits, Nahar Credits Private Limited, reported revenue of ₹5.29 Cr for FY 2024, down 15% year on year.
Nahar Credits was established in 1993 and is headquartered in Chennai, India. Operations are centered on an online marketplace within the fintech sector, where various consumer loans are made available to users. Applications for personal, medical, travel, wedding, and electronics purchase loans are processed through the platform. Loan services are extended, and repayments are collected from both new and existing borrowers across the region.
Nahar Credits's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Nahar Credits offers Personal Loans and Consumer Durable Loans.
Nahar Credits operates through Nahar Credits Private Limited.
The legal entities of Nahar Credits currently have 2 directors, including Mandar Babasaheb Satpute, Mohit Chhajer.