About Religare Finvest
Religare Finvest is a Financial Services company based in Noida (India) founded in 2006, and was acquired by TCG in July 2019. SME financing solutions including working capital loans are provided. Religare Finvest has raised $29.23 million across 3 funding rounds from investors including Avigo Capital Partners, Nylim-jb Asset Management and TCG AMC. Its chief executive, as recorded, is Pankaj Sharma. Its Indian entity Religare Finvest Limited reported revenue of ₹112 Cr. Its focus areas include Consumer and SME Loans, SME Loans and Working Capital Loans. Its competitors include Manappuram Finance, Hero Fincorp and Bajaj Finserv; 2 of its 3 listed competitors have raised funding.
Company details
Religare Finvest Limited (RFL), a subsidiary of Religare Enterprises Limited (REL), is a small and medium enterprise (SME) financing focused NBFC. The diversified suite of lending solutions include: SME mortgage loans, SME commercial assets loans, SME working capital loans.The company also runs a retail capital markets financing business which includes loan against marketable securities.The loan amount ranges from INR 10 lacs to INR 500 lacs with loan tenure of upto 84 months. It has 25 branches across India. Tied up with JustBuyLive in Feb 2016.
- Headquarters Noida, India
- Stage Acquired
- SectorsFinancial Services
- Website religarefinvest.com
- Social LinkedIn Facebook
- Acquired by TCG (Jul 2019)
- Legal Name Religare Finvest Limited
- Date of Incorporation 06 Jan, 1995
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹112 Cr
FY 2025 · -12% YoY
- Net Profit₹23.83 Cr
FY 2025 · 26% margin
- EBITDA₹28.13 Cr
FY 2025 · 31% margin
- Total Equity Funding$29.23M (USD)
in 3 rounds
- InvestorsAvigo Capital Partners
& 2 more
- Acquired byTCG
(Jul 2019)
Associated legal entities of Religare Finvest
Religare Finvest operates through Religare Finvest Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Religare Finvest Limited CIN U74999DL1995PLC064132 | Active | 06 Jan 1995 | New Delhi, Delhi | ₹112 Cr | 11 | View details |
Funding Insights of Religare Finvest
Religare Finvest has successfully raised a total of $29.23M across 3 strategic funding rounds. 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 $29.23M
- Total Rounds 3
- First Round $23.37M
(Jun 2008)
- Investors Count 2
All 3 funding rounds of Religare Finvest 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 |
|---|---|---|---|---|---|
| May 2012 | Private Equity Round | – | Nylim-jb Asset Management | – | |
| Nov 2011 | $29.23M | Private Equity Round | – | – | |
| Jun 2008 | $23.37M | Debt – Convertible | – | – | – |
3 investors in total: 3 institutional.
Investors in Religare Finvest
Religare Finvest has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Avigo Capital Partners, Nylim-jb Asset Management and TCG AMC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity assets are managed from India by the firm. | nylimjb.net | Ebene City, Mauritius | ||
PE firm invests in India | 2005 | avigocapital.com | Delhi, India | |
Private equity investments are managed across multiple sectors by TCG. | tcgamc.com | Mumbai, India |
Investor details for Religare Finvest
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Board of directors of Religare Finvest Limited (Religare Finvest)
Religare Finvest Limited is the primary company behind Religare Finvest. The board of Religare Finvest Limited currently have 8 directors; the longest-serving is Malay Kumar Sinha, appointed in 2022. 40 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Malay Kumar Sinha DIN 08140223 | Director | 05 Aug 2022 | 4 yrs 3 mo | Religare Finvest Limited |
| Praveen Kumar Tripathi DIN 02167497 | Director | 28 Sep 2022 | 4 yrs 1 mo | Religare Finvest Limited |
| Anil Prasad Verma DIN 07613499 | Director | 29 Mar 2025 | 1 yr 7 mo | Religare Finvest Limited |
| Arjun Lamba DIN 00124804 | Director | 17 Oct 2025 | 1 yr | Religare Finvest Limited |
| Suresh Mahalingam DIN 01781730 | Director | 17 Oct 2025 | 1 yr | Religare Finvest Limited |
| Gurumurthy Ramanathan DIN 10366010 | Director | 17 Oct 2025 | 1 yr | Religare Finvest Limited |
| Upma Goel DIN 00713974 | Director | 02 Jan 2026 | 10 mo | Religare Finvest Limited |
| Srinivasan Karthik DIN 02449770 | Managing Director | 23 Jun 2026 | 4 mo | Religare Finvest Limited |
People of Religare Finvest
29 people are tracked at Religare Finvest (13 in leadership, 16 in team).
| Name | Role | Group |
|---|---|---|
Pankaj Sharma | CEO | Leadership |
Pawan Seth | Executive Vice President - Treasury | Leadership |
Kamalpreet Kaur | VP IT | Leadership |
Vikas Jaitly | Assistant Vice President - Pmo, Quality & Strategic Initiatives | Leadership |
Anoop Sharma | VP And Head-legal | Leadership |
Nitika Kapoor | Associate Vice President | Leadership |
Piyal Bose | Vice President And National Collection Head | Leadership |
Prahas Shetty | Vice President Treasury | Leadership |
Dharmendra Lakshakar | Zone Operations Head | Leadership |
Vasudev Tyagi | Assistant Vice President Human Resources | Leadership |
Vivek Agarwal | VP - IT Services | Leadership |
Vikram Saw | Head, Legal & Contract, | Leadership |
Jaspreet Singh | Associate Vice President - IT | Leadership |
Prakash Dubey | Information Technology Manager | Team |
Kartik Bisht | Manager Collection And Recovery | Team |
Fareed Qureshi | Service Desk Engineer | Team |
Jyoti K | Operations Associate | Team |
Bhushan Tirmale | Oracle EBS Technical Consultant | Team |
Ritwick Rana | Deputy Manager | Team |
Amit Kumar Mishra | Management Information Systems Specialist | Team |
9 more people are available in the full profile.
Complete people profiles for Religare Finvest
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Financials of Religare Finvest
Figures of Religare Finvest Limited, the primary company behind Religare Finvest, for FY 2025. Revenue was ₹112 Cr (-12% year on year). Net profit was ₹23.83 Cr (26% margin). EBITDA was ₹28.13 Cr (31% margin). Revenue has grown at a compounded annual rate of -14% over three years and -24% over five years.
- ₹112 CrRevenue · FY 2025 · -12% YoY
- ₹23.83 CrNet profit · 26% margin
- ₹28.13 CrEBITDA · 31% margin
- ₹262 CrPaid-up capital
- -14%Revenue CAGR, 3 years
- -24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Religare Finvest Limited are on its company page.
Detailed financial statements for Religare Finvest
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Religare Finvest
4 dated milestones of Religare Finvest across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Religare Finvest is founded.
- Funding First funding round of $23.4M.
- Funding Latest funding round, Private Equity Round,.
- Exit Acquired by TCG.
Competitors of Religare Finvest
Religare Finvest has 3 listed competitors in our database, 2 of them funded. They include Manappuram Finance, Hero Fincorp and Bajaj Finserv.
| 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. | |
| herofincorp.com | 1991 | Delhi, India | $274.96M | 3,446 | 2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | |
| bajajfinserv.in | 2007 | Pune, India | 53,782 | Financial solutions including loans and insurance are offered. |
Detailed competitors of Religare Finvest
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Web traffic of Religare Finvest
The website of Religare Finvest (religarefinvest.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 10.8% vs previous month
Websites whose visitors overlap most with Religare Finvest. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| religarecm.com | 100% | View details | |||
srl.in | srl.in | 100% | – | ||
religaresecurities.com | religaresecurities.com | 71% | – | ||
| religareonline.com | 66% | 587.4K | #63,847 | View details | |
| dionglobal.com | 66% | 6.7K | #3,040,710 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Religare Finvest
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Religare Finvest (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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Related news about Religare Finvest
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Frequently Asked Questions about Religare Finvest
Religare Finvest was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Religare Finvest is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Pankaj Sharma is the CEO of Religare Finvest, as recorded in our data.
Religare Finvest is a funded company, having raised a total of $29.23M across 3 funding rounds to date. The company's 1st funding round was a Debt – Convertible of $23.37M, raised on Jun 2008.
The primary company behind Religare Finvest, Religare Finvest Limited, reported revenue of ₹112 Cr for FY 2025, down 12% year on year.
Religare Finvest Limited (RFL), a subsidiary of Religare Enterprises Limited (REL), is a small and medium enterprise (SME) financing focused NBFC. The diversified suite of lending solutions include: SME mortgage loans, SME commercial assets loans, SME working capital loans.The company also runs a retail capital markets financing business which includes loan against marketable securities.The loan amount ranges from INR 10 lacs to INR 500 lacs with loan tenure of upto 84 months. It has 25 branches across India. Tied up with JustBuyLive in Feb 2016.
Religare Finvest's top competitors include Manappuram Finance, Bajaj Finserv and Hero Fincorp.
Religare Finvest has 3 investors. Key investors include Avigo Capital Partners, Nylim-jb Asset Management, and TCG AMC.
Religare Finvest operates through Religare Finvest Limited.
Yes. Religare Finvest was acquired by TCG in July 2019.
The legal entities of Religare Finvest currently have 10 directors, including Punit Arora, Malay Kumar Sinha, Praveen Kumar Tripathi and others.