About PRAYAS Finance
PRAYAS Finance is a Financial Services company based in Gandhinagar (India) founded in 2017. It provides comprehensive solutions for consumer loans and financial support. It operates on a B2C model. Its Indian entity Prayas Financial Services Private Limited reported revenue of ₹27.75 Cr. Its focus areas include Lending, Consumer Finance and Loan Services. Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
PRAYAS Finance, established in 2017, excels in offering financial products and advice, facilitating loans and financing, consumer finance, and loan services. Provides comprehensive solutions for consumer loans and financial support. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Gandhinagar, India
- SectorsFinancial Services
- Email••••••••
- Website prayasfinance.com
- Social LinkedIn
- Legal Name Prayas Financial Services Private Limited
- Date of Incorporation 03 Mar, 2017
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹27.75 Cr
FY 2024 · +130% YoY
- Net Loss-₹2.41 Cr
FY 2024
- EBITDA₹4.03 Cr
FY 2024 · 15% margin
Associated legal entities of PRAYAS Finance
PRAYAS Finance operates through Prayas Financial Services 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 |
|---|---|---|---|---|---|---|---|
| Prayas Financial Services Private Limited CIN U67190GJ2017PTC096063 | Active | 03 Mar 2017 | Ahmedabad, Gujarat | ₹27.8 Cr | 1,059 | 7 | View details |
Board of directors of Prayas Financial Services Private Limited (PRAYAS Finance)
Prayas Financial Services Private Limited is the primary company behind PRAYAS Finance. The board of Prayas Financial Services Private Limited currently have 7 directors; the longest-serving is Surendra Srivastava, appointed in 2022. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Surendra Srivastava DIN 08164095 | Director | 23 Mar 2022 | 4 yrs 7 mo | Prayas Financial Services Private Limited |
| Abhisek Khanna DIN 09680649 | Managing Director | 16 May 2023 | 3 yrs 5 mo | Prayas Financial Services Private Limited |
| Guerol Michael Sari DIN 10063465 | Director | 14 Aug 2023 | 3 yrs 2 mo | Prayas Financial Services Private Limited |
| Divya Rathi DIN 01833875 | Company Secretary | 01 Dec 2023 | 2 yrs 11 mo | Prayas Financial Services Private Limited |
| Bhavana Srivastava DIN 07162855 | Director | 27 Jan 2024 | 2 yrs 9 mo | Prayas Financial Services Private Limited |
| Sanjay Gandhi DIN 02234298 | Nominee Director | 30 Apr 2025 | 1 yr 6 mo | Prayas Financial Services Private Limited |
| Haruna Takeuchi DIN 10821326 | Nominee Director | 30 Apr 2025 | 1 yr 6 mo | Prayas Financial Services Private Limited |
People of PRAYAS Finance
5 people are tracked at PRAYAS Finance (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Sanjay Mehta | Associate Vice President-product | Leadership |
Praveen Kumar | Executive Vice President- Business Head | Leadership |
Harish Arora | Credit Manager | Team |
Uma Lodhi | Senior Executive Human Resources | Team |
Complete people profiles for PRAYAS Finance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of PRAYAS Finance
Figures of Prayas Financial Services Private Limited, the primary company behind PRAYAS Finance, for FY 2024. Revenue was ₹27.75 Cr (+130% year on year). Net loss was -₹2.41 Cr. EBITDA was ₹4.03 Cr (15% margin). Revenue has grown at a compounded annual rate of +85% over three years.
- ₹27.75 CrRevenue · FY 2024 · +130% YoY
- -₹2.41 CrNet loss
- ₹4.03 CrEBITDA · 15% margin
- ₹29.79 CrPaid-up capital
- 1,059Employees (provident fund records)
- +85%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Prayas Financial Services Private Limited are on its company page.
Detailed financial statements for PRAYAS Finance
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 PRAYAS Finance
PRAYAS 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 PRAYAS Finance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PRAYAS Finance
The website of PRAYAS Finance (prayasfinance.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 71% vs previous month
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as PRAYAS 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 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 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Prayas Finance
Complete news archive for PRAYAS Finance
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about PRAYAS Finance
PRAYAS Finance was founded in 2017.
PRAYAS Finance is headquartered in Gandhinagar, India. It is registered at Gandhinagar, Gujarat, India.
The primary company behind PRAYAS Finance, Prayas Financial Services Private Limited, reported revenue of ₹27.75 Cr for FY 2024, up 130% year on year.
PRAYAS Finance, established in 2017, excels in offering financial products and advice, facilitating loans and financing, consumer finance, and loan services. Provides comprehensive solutions for consumer loans and financial support. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
PRAYAS Finance's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
PRAYAS Finance operates through Prayas Financial Services Private Limited.
The legal entities of PRAYAS Finance currently have 7 directors, including Surendra Srivastava, Abhisek Khanna, Sanjay Gandhi and others.