About Qolar
Qolar was a Financial Services company based in Bengaluru (India). It provides comprehensive solutions for consumer loans to individuals. It operates on a B2C model. The company is recorded as dissolved. Its focus areas include Finance, Banking, Lending and Consumer Loans. Its legal entity in India is Qolar Technologies Private Limited (U74990KA2019PTC123029). Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
Qolar provides comprehensive solutions for consumer loans to individuals, focusing on finance, banking, facilitating loans and financing, and consumer loans. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- SectorsFinancial Services
- Website qolar.in
- Legal Name Qolar Technologies Private Limited
- Date of Incorporation 01 Apr, 2019
- Jurisdiction Bangaluru East, Karnataka, India
- Net Loss-₹12.4 Lakh
FY 2020 · 0% margin
- EBITDA-₹12 Lakh
FY 2020 · 0% margin
Associated legal entities of Qolar
Qolar operates through Qolar Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Qolar Technologies Private Limited CIN U74990KA2019PTC123029 | Active | 01 Apr 2019 | Bangaluru East, Karnataka | 2 | View details |
Board of directors of Qolar Technologies Private Limited (Qolar)
Qolar Technologies Private Limited is the primary company behind Qolar. The board of Qolar Technologies Private Limited currently have 2 directors; the longest-serving is Pathi Yashwant, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pathi Yashwant DIN 08408117 | Director | 01 Apr 2019 | 7 yrs 7 mo | Qolar Technologies Private Limited |
| Pathi Vikram Vinayak DIN 08408118 | Director | 01 Apr 2019 | 7 yrs 7 mo | Qolar Technologies Private Limited |
Financials of Qolar
Figures of Qolar Technologies Private Limited, the primary company behind Qolar, for FY 2020. Net loss was -₹12.4 Lakh (0% margin). EBITDA was -₹12 Lakh (0% margin).
- -₹12.4 LakhNet loss · 0% margin
- -₹12 LakhEBITDA · 0% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Qolar Technologies Private Limited are on its company page.
Detailed financial statements for Qolar
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Similar companies to Qolar
Qolar 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 Qolar
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Qolar (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 Qolar
Qolar is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Qolar provides comprehensive solutions for consumer loans to individuals, focusing on finance, banking, facilitating loans and financing, and consumer loans. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Qolar's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Qolar operates through Qolar Technologies Private Limited.
The legal entities of Qolar currently have 2 directors, including Pathi Yashwant, Pathi Vikram Vinayak.