About Ratnaafin
Ratnaafin is a company based in Ahmedabad (India). Consumer and SME loans are provided by Ratnaafin in India. It operates on a B2B model. Ratnaafin has raised $3.14 million across 1 funding round. Its competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed competitors has raised funding.
Company details
Financial services are delivered by Ratnaafin, a lender based in Ahmedabad, India, with operations accessible via ratnaafin.com. Consumer loans and financing for small and medium enterprises are offered within the lending sector. Focus is placed on supporting borrowers in regional markets, where credit access is facilitated through structured loan products. Activities encompass loan origination and management tailored to individual and business needs in India.
- Total Equity Funding$3.14M (USD)
in 1 rounds
- Latest Funding Round$3.14M (USD), Angel Round
Mar 2025
Associated legal entities of Ratnaafin
Ratnaafin is associated with 7 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 |
|---|---|---|---|---|---|---|---|
| Ratnaafin Management Services Llp CIN AAN-1865 | Active | 24 Aug 2018 | Ahmedabad, Gujarat | 53 | 3 | View details | |
| Ratnaafin Insurance Broking Private Limited CIN U66000GJ2019PTC110264 | Active | 11 Oct 2019 | Ahmedabad, Gujarat | ₹27.5 Cr | 70 | 5 | View details |
| Ratnaafin Capital Private Limited CIN U65929DL2018PTC437822 | Active | 22 Nov 2018 | New Delhi, Delhi | ₹84.8 Cr | 141 | 9 | View details |
| Ratnaafin Enterprise Private Limited CIN U74110GJ2018PTC102898 | Active | 18 Jun 2018 | Ahmedabad, Gujarat | ₹133 Cr | 1 | 6 | View details |
| Ratnaafin Business Solutions Private Limited CIN U74994GJ2019PTC109873 | Active | 11 Sep 2019 | Ahmedabad, Gujarat | ₹10.0 Cr | 4 | View details | |
| Ratnaurja Private Limited CIN U40101GJ2020PTC115637 | Active | 19 Aug 2020 | Ahmedabad, Gujarat, India | View details | |||
| Ratnaurja Private Limited CIN U46909GJ2020PTC115637 | Active | 19 Aug 2020 | Ahmedabad, Gujarat | ₹0.1 Cr | 3 | View details |
Apps and channels of Ratnaafin
its YouTube channel RATNAAFIN CAPITAL has 545 subscribers and 26 videos.
Videos from Ratnaafin
The most watched videos on Ratnaafin's YouTube channel, RATNAAFIN CAPITAL (545 subscribers). Click a video to play it here.
More on RATNAAFIN CAPITAL.
Funding Insights of Ratnaafin
Ratnaafin has successfully raised a total of $3.14M through 1 strategic funding round. The most recent funding activity was a Angel Round of $3.14 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.14M
- Total Rounds 1
- Last Round Angel Round — $3.14M
- First Round $3.14M
(Mar 2025)
All 1 funding rounds of Ratnaafin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $3.14M | Angel Round | – | – | – |
Board of directors of Ratnaafin
The boards of the 6 registered companies of Ratnaafin currently have 7 directors; the longest-serving is Nishad Jitendra Shah, appointed in 2019. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nishad Jitendra Shah DIN 00357197 | Director | 11 Oct 2019 | 7 yrs | Ratnaafin Insurance Broking Private Limited |
| Malav Gautam Desai DIN 06716026 | Designated Partner | 01 Apr 2020 | 6 yrs 7 mo | Ratnaafin Management Services Llp, Ratnaafin Insurance Broking Private Limited, Ratnaafin Capital Private Limited, Ratnaurja Private Limited, Ratnaafin Business Solutions Private Limited, Ratnaafin Enterprise Private Limited |
| Mahesh Kumar Taparia DIN 09346111 | CFO | 01 Jul 2022 | 4 yrs 4 mo | Ratnaafin Capital Private Limited, Ratnaafin Enterprise Private Limited |
| Dharamchand Harakchand Jain DIN 02425815 | Director | 01 Mar 2025 | 1 yr 8 mo | Ratnaafin Capital Private Limited |
| Om Prakash Mishra DIN 09244477 | Director | 01 Mar 2025 | 1 yr 8 mo | Ratnaafin Capital Private Limited |
| Dhaval Patel DIN 00587771 | Designated Partner | 30 Mar 2025 | 1 yr 7 mo | Ratnaafin Management Services Llp, Ratnaafin Insurance Broking Private Limited, Ratnaafin Capital Private Limited, Ratnaurja Private Limited, Ratnaafin Business Solutions Private Limited, Ratnaafin Enterprise Private Limited |
| Nilesh Prakash Sanghvi DIN 06481389 | Designated Partner | 31 Mar 2025 | 1 yr 7 mo | Ratnaafin Management Services Llp, Ratnaafin Insurance Broking Private Limited, Ratnaafin Capital Private Limited, Ratnaurja Private Limited, Ratnaafin Business Solutions Private Limited, Ratnaafin Enterprise Private Limited |
People of Ratnaafin
25 people are tracked at Ratnaafin (9 in leadership, 16 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
| Director | Leadership | |
Dhwanit Timaniya | Business Head - SME & Mid Corporate | Leadership |
Ashok Gayakwad | Vice President - HRM | Leadership |
Ravi Bhambhani | Vice President Business | Leadership |
Ca Devanshi Karia | Vice President Treasury | Leadership |
Kunal Patel | Partner Retail - Ratnaafin | Leadership |
Ca Jeenal Desai | Head | Leadership |
Vishal Shivprakash Rathi | Vertical Head & Dy. Vice President- Equipment Finance | Leadership |
Jaykishan Mulchandani | Assistant Manager | Team |
Mahendra Pal | Branch Manager | Team |
Vikesh Verma | Credit Manager | Team |
Vivek Singh | Sales Manager | Team |
Shivam Sen | Sales Manager | Team |
Aaditya B. | Assistant Manager Human Resources | Team |
Mohit Vora | Assistant Manager | Team |
Sapna Shah | Assistant Manager-treasury | Team |
Chintankumar Vaghela | Cluster Credit Manager | Team |
Sachin Ajitkumar Verma | Business Analyst | Team |
Hardik Chandarana | Cluster Credit Manager | Team |
5 more people are available in the full profile.
Complete people profiles for Ratnaafin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Ratnaafin
Figures of Ratnaafin Insurance Broking Private Limited, the primary company behind Ratnaafin, for FY 2025. Revenue was ₹27.47 Cr (+5% year on year). Net loss was -₹1.08 Cr (-4% margin). EBITDA was -₹21.9 Lakh (-1% margin). Revenue has grown at a compounded annual rate of +73% over three years and +273% over five years.
- ₹27.47 CrRevenue · FY 2025 · +5% YoY
- -₹1.08 CrNet loss · -4% margin
- -₹21.9 LakhEBITDA · -1% margin
- ₹10.00 CrPaid-up capital
- 70Employees (provident fund records)
- +73%Revenue CAGR, 3 years
- +273%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ratnaafin Insurance Broking Private Limited are on its company page.
Detailed financial statements for Ratnaafin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Competitors of Ratnaafin
Ratnaafin has 3 listed competitors 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 competitors of Ratnaafin
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Web traffic of Ratnaafin
Websites that share an audience with Ratnaafin (ratnaafin.com).
Websites whose visitors overlap most with Ratnaafin. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| avantifinance.in | 100% | 9.5K | View details | ||
| megamaxsolar.com | 97% | 2.5K | View details |
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Related news about Ratnaafin
Complete news archive for Ratnaafin
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Frequently Asked Questions about Ratnaafin
Ratnaafin is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Ratnaafin is a funded company, having raised a total of $3.14M across 1 funding round to date. The company's 1st funding round was a Angel Round of $3.14M, raised on Mar 2025.
Financial services are delivered by Ratnaafin, a lender based in Ahmedabad, India, with operations accessible via ratnaafin.com. Consumer loans and financing for small and medium enterprises are offered within the lending sector. Focus is placed on supporting borrowers in regional markets, where credit access is facilitated through structured loan products. Activities encompass loan origination and management tailored to individual and business needs in India.
Ratnaafin's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Ratnaafin is associated with 6 legal entities: Ratnaafin Management Services Llp, Ratnaafin Insurance Broking Private Limited, Ratnaafin Capital Private Limited and others.
The legal entities of Ratnaafin currently have 10 directors, including Nilesh Prakash Sanghvi, Dhaval Patel, Malav Gautam Desai and others.