About Ovington Finance
Ovington Finance is a Financial Services company based in Delhi (India) founded in 2013. Functions as an NBFC offering secured lending to businesses and educational institutions. It operates on a B2B model. The company has 14 employees. Its Indian entity Ovington Finance Private Limited reported revenue of ₹2.11 Cr. Its focus areas include Finance, Lending, Secured Lending and Business and Education. Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
Ovington Finance, founded in 2013 in Delhi, India, focuses on finance, facilitating loans and financing, secured lending, and business and education. Functions as an NBFC offering secured lending to businesses and educational institutions. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Delhi, India
- Employees 14
- SectorsFinancial Services
- Phone•••• ••••
- Website ovingtonfinance.com
- Social LinkedIn X Facebook
- Legal Name Ovington Finance Private Limited
- Date of Incorporation 27 Nov, 2013
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹2.11 Cr
FY 2024 · +15% YoY
- Net Profit₹46.4 Lakh
FY 2024 · 22% margin
- EBITDA₹74.5 Lakh
FY 2024 · 35% margin
- Employee Count14
Associated legal entities of Ovington Finance
Ovington Finance operates through Ovington Finance 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 |
|---|---|---|---|---|---|---|---|
| Ovington Finance Private Limited CIN U65923DL2013PTC261042 | Active | 27 Nov 2013 | New Delhi, Delhi | ₹2.1 Cr | 14 | 4 | View details |
Board of directors of Ovington Finance Private Limited (Ovington Finance)
Ovington Finance Private Limited is the primary company behind Ovington Finance. The board of Ovington Finance Private Limited currently have 3 directors; the longest-serving is Bhagwan Das Narang, appointed in 2013. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhagwan Das Narang DIN 00826573 | Director | 27 Nov 2013 | 12 yrs 11 mo | Ovington Finance Private Limited |
| Sidharth Narang DIN 02410879 | Director | 27 Nov 2013 | 12 yrs 11 mo | Ovington Finance Private Limited |
| Ajay Kumar Singh DIN 11040219 | Additional Director | 05 Apr 2025 | 1 yr 6 mo | Ovington Finance Private Limited |
Financials of Ovington Finance
Figures of Ovington Finance Private Limited, the primary company behind Ovington Finance, for FY 2024. Revenue was ₹2.11 Cr (+15% year on year). Net profit was ₹46.4 Lakh (22% margin). EBITDA was ₹74.5 Lakh (35% margin). Revenue has grown at a compounded annual rate of +3% over three years and +7% over five years.
- ₹2.11 CrRevenue · FY 2024 · +15% YoY
- ₹46.4 LakhNet profit · 22% margin
- ₹74.5 LakhEBITDA · 35% margin
- ₹7.18 CrPaid-up capital
- 14Employees (provident fund records)
- +3%Revenue CAGR, 3 years
- +7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ovington Finance Private Limited are on its company page.
Detailed financial statements for Ovington Finance
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Similar companies to Ovington Finance
Ovington 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 Ovington Finance
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Ovington Finance (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 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 36,520 |
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Frequently Asked Questions about Ovington Finance
Ovington Finance was founded in 2013.
Ovington Finance is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Ovington Finance has 14 employees.
The primary company behind Ovington Finance, Ovington Finance Private Limited, reported revenue of ₹2.11 Cr for FY 2024, up 15% year on year.
Ovington Finance, founded in 2013 in Delhi, India, focuses on finance, facilitating loans and financing, secured lending, and business and education. Functions as an NBFC offering secured lending to businesses and educational institutions. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Ovington Finance's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Ovington Finance operates through Ovington Finance Private Limited.
The legal entities of Ovington Finance currently have 4 directors, including Bhagwan Das Narang, Sidharth Narang, Ajay Kumar Singh and others.