About Runtack
Runtack is a Financial Services company based in Delhi (India) founded in 2019. It provides savings accounts, fixed deposits, loans, and mobile banking services to individuals. It operates on a B2C model in Financial Services and Technology sectors. Its Indian entity Runtack Nidhi Limited reported revenue of ₹55.6 Lakh. Runtack offers products and services including Saving Account, Fixed Deposit, Recurring Deposit, Gold Loan, and Mobile Application. Its focus areas include Banking, Retail Banking, Deposit and Loan Services and FinTech. Its competitors include Sahayata Microfinance, Sangamam and Gandak Vinivesh Mutual Benefit Nidhi.
Company details
Runtack Nidhi Limited is a financial institution in India that provides services such as savings accounts, fixed deposits, recurring deposits, and various loans including gold and personal loans. It operates through a mobile application and offers features like scan and pay, ATM cards, and doorstep services to help daily wage earners and small traders build saving habits. Based in Delhi, it focuses on secure financial solutions with high interest rates and easy loan processes for its members.
- Headquarters Delhi, India
- SectorsFinancial ServicesTechnology
- Email••••••••
- Website runtack.com
- Social LinkedIn X Facebook
- Legal Name Runtack Nidhi Limited
- Date of Incorporation 01 Jul, 2019
- Jurisdiction Delhi, India
- Annual Revenue₹55.6 Lakh
FY 2024 · +22% YoY
- Net Loss-₹67.6 Lakh
FY 2024 · -122% margin
- EBITDA-₹27.8 Lakh
FY 2024 · -50% margin
Associated legal entities of Runtack
Runtack operates through Runtack Nidhi 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 |
|---|---|---|---|---|---|---|---|
| Runtack Nidhi Limited CIN U67100DL2019PLC352034 | Active | 01 Jul 2019 | Delhi, Delhi | ₹0.6 Cr | 3 | View details |
Products & Services of Runtack
Runtack offers a comprehensive portfolio of products and services, including Saving Account, Fixed Deposit, Recurring Deposit, Gold Loan, and Mobile Application.
Account for secure savings with interest to build financial habits.
Fixed-term deposit offering guaranteed returns on invested amounts.
Monthly deposit scheme for regular income earners to earn interest.
Loan against gold with low interest rates and easy repayment options.
App for checking balances, transfers, and loan details securely.
Board of directors of Runtack Nidhi Limited (Runtack)
Runtack Nidhi Limited is the primary company behind Runtack. The board of Runtack Nidhi Limited currently have 3 directors; the longest-serving is Champa Medda, appointed in 2020. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Champa Medda DIN 08654675 | Director | 01 Jan 2020 | 6 yrs 10 mo | Runtack Nidhi Limited |
| Kumar Bishwajeet Banerjee DIN 08654689 | Additional Director | 01 Jan 2020 | 6 yrs 10 mo | Runtack Nidhi Limited |
| Bhudeb Chakraborty DIN 09454533 | Additional Director | 03 Jan 2022 | 4 yrs 10 mo | Runtack Nidhi Limited |
Financials of Runtack
Figures of Runtack Nidhi Limited, the primary company behind Runtack, for FY 2024. Revenue was ₹55.6 Lakh (+22% year on year). Net loss was -₹67.6 Lakh (-122% margin). EBITDA was -₹27.8 Lakh (-50% margin). Revenue has grown at a compounded annual rate of +58% over three years.
- ₹55.6 LakhRevenue · FY 2024 · +22% YoY
- -₹67.6 LakhNet loss · -122% margin
- -₹27.8 LakhEBITDA · -50% margin
- ₹7 LakhPaid-up capital
- +58%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Runtack Nidhi Limited are on its company page.
Detailed financial statements for Runtack
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.
Competitors of Runtack
Runtack has 3 listed competitors in our database. They include Sahayata Microfinance, Sangamam and Gandak Vinivesh Mutual Benefit Nidhi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sahayata.co.in | 1998 | Bengaluru, India | Sahayata Microfinance provides diversified loan solutions to support members' financial needs. | |||
| sangamamcoop.com | 2018 | Madurai, India | Sangamam is a cooperative lending firm offering personal, gold, and business loans to individuals and enterprises. | |||
| gandaknidhi.com | 2018 | Muzaffarpur, India | Provides comprehensive consumer and business loan solutions to its members. |
Detailed competitors of Runtack
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Runtack (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 Runtack
Runtack was founded in 2019.
Runtack is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind Runtack, Runtack Nidhi Limited, reported revenue of ₹55.6 Lakh for FY 2024, up 22% year on year.
Runtack Nidhi Limited is a financial institution in India that provides services such as savings accounts, fixed deposits, recurring deposits, and various loans including gold and personal loans. It operates through a mobile application and offers features like scan and pay, ATM cards, and doorstep services to help daily wage earners and small traders build saving habits. Based in Delhi, it focuses on secure financial solutions with high interest rates and easy loan processes for its members.
Runtack's top competitors include Sahayata Microfinance, Sangamam and Gandak Vinivesh Mutual Benefit Nidhi.
Runtack offers Saving Account, Fixed Deposit, Recurring Deposit, Gold Loan, and Mobile Application.
Runtack operates through Runtack Nidhi Limited.
The legal entities of Runtack currently have 3 directors, including Champa Medda, Kumar Bishwajeet Banerjee, Bhudeb Chakraborty.