About Progfin
Progfin is a Financial Services company based in Delhi (India) founded in 2022 by Himanshu Chandra and Pallavi Shrivastava. Progfin offers non-banking financial services tailored for entrepreneurs and small businesses. It operates on a B2B model. Its chief executive, as recorded, is Pallavi Shrivastava. Its focus areas include Non-Banking Finance and Entrepreneur Support. Similar companies include Manappuram Finance, IIFL Finance and L & T Finance Holdings; 1 of its 3 listed similar companies has raised funding.
Company details
Progfin, founded in 2022 in Delhi, India, focuses on offering financial products and advice, non-banking finance, offering financial products and advice, and entrepreneur support. Progfin offers non-banking financial services tailored for entrepreneurs and small businesses. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Delhi, India
- Founders Himanshu Chandra, Pallavi Shrivastava
- SectorsFinancial Services
- Website progfin.in
- Annual Revenue$13.05 M (USD)as on Mar 31, 2024
Associated legal entities of Progfin
Progfin is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Progfin Private Limited CIN U67120DL1992PTC425089 | Active | 25 Aug 1992 | New Delhi, Delhi | ₹258 Cr | 458 | 6 | View details |
| Desiderata Impact Ventures Private Limited CIN U74999DL2017PTC310632 | Active | 16 Jan 2017 | New Delhi, Delhi | ₹278 Cr | 92 | 5 | View details |
Board of directors of Progfin
The boards of the 2 registered companies of Progfin currently have 7 directors; the longest-serving is Himanshu Chandra, appointed in 2017. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Himanshu Chandra DIN 07315578 | Whole-time director | 16 Jan 2017 | 9 yrs 9 mo | Desiderata Impact Ventures Private Limited, Progfin Private Limited |
| Pallavi Shrivastava DIN 07677898 | Whole-time director | 16 Jan 2017 | 9 yrs 9 mo | Desiderata Impact Ventures Private Limited, Progfin Private Limited |
| Manu Rikhye DIN 02012844 | Nominee Director | 06 Nov 2018 | 8 yrs | Desiderata Impact Ventures Private Limited |
| Ashish Agrawal DIN 03295209 | Nominee Director | 08 Mar 2024 | 2 yrs 8 mo | Desiderata Impact Ventures Private Limited |
| Ashish Kumar Singh DIN 02751191 | Director | 26 May 2025 | 1 yr 5 mo | Progfin Private Limited |
| Remika Agarwal DIN 09438221 | Nominee Director | 25 Aug 2025 | 1 yr 2 mo | Desiderata Impact Ventures Private Limited |
| Upma Goel DIN 00713974 | Additional Director | 25 May 2026 | 5 mo | Progfin Private Limited |
People of Progfin
2 people are tracked at Progfin (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder, CEO | Leadership |
Complete people profiles for Progfin
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Financials of Progfin
Figures of Desiderata Impact Ventures Private Limited, the primary company behind Progfin, for FY 2025. Revenue was ₹278 Cr (+75% year on year). Net loss was -₹5.87 Cr (-2% margin). EBITDA was ₹93.91 Cr (34% margin). Revenue has grown at a compounded annual rate of +94% over three years and +182% over five years.
- ₹278 CrRevenue · FY 2025 · +75% YoY
- -₹5.87 CrNet loss · -2% margin
- ₹93.91 CrEBITDA · 34% margin
- ₹1.3 LakhPaid-up capital
- 92Employees (provident fund records)
- +94%Revenue CAGR, 3 years
- +182%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Desiderata Impact Ventures Private Limited are on its company page.
Detailed financial statements for Progfin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Similar companies to Progfin
Progfin has 3 listed similar companies in our database, 1 of them funded. They include Manappuram Finance, IIFL Finance and L & T Finance Holdings.
| 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. | |
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. | ||
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. |
Detailed similar companies of Progfin
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Frequently Asked Questions about Progfin
Progfin was founded in 2022.
Progfin is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Pallavi Shrivastava is the CEO of Progfin, as recorded in our data. They have also founded this company.
Annual revenue of Progfin is $13.05M as on Mar 31, 2024.
Progfin, founded in 2022 in Delhi, India, focuses on offering financial products and advice, non-banking finance, offering financial products and advice, and entrepreneur support. Progfin offers non-banking financial services tailored for entrepreneurs and small businesses. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Progfin's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Progfin is associated with 2 legal entities: Desiderata Impact Ventures Private Limited, Progfin Private Limited.
The legal entities of Progfin currently have 8 directors, including Ashish Agrawal, Himanshu Chandra, Manu Rikhye and others.