About SalaryCredits
SalaryCredits is a Financial Services company based in Gurugram (India) founded in 2014. It offers an app-based platform for payroll loans to users. It operates on a B2C model. Its Indian entity Northern Lights E Business Private Limited reported revenue of ₹23.4 Lakh. Its focus areas include Fintech, Lending and Payroll Loans. Its competitors include KarmaLife, Flex Salary and PerkFinance; 2 of its 3 listed competitors have raised funding.
Company details
SalaryCredits, based in Gurugram, focuses on offering financial products and advice, fintech, facilitating loans and financing, and payroll loans. Offers an app-based platform for payroll loans to users. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Gurugram, India
- SectorsFinancial Services
- Website salarycredits.com
- Social LinkedIn X Instagram
- Legal Name Northern Lights E Business Private Limited
- Date of Incorporation 01 Jul, 2014
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹23.4 Lakh
FY 2022 · +254% YoY
- Net Profit₹2.2 Lakh
FY 2022 · 9% margin
- EBITDA₹4.7 Lakh
FY 2022 · 20% margin
Associated legal entities of SalaryCredits
SalaryCredits operates through Northern Lights E Business Private Limited (under process of striking off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Northern Lights E Business Private Limited CIN U74999HR2014PTC052621 | Under Process Of Striking Off | 01 Jul 2014 | Gurgaon, Haryana | ₹0.2 Cr | 2 | View details |
Board of directors of Northern Lights E Business Private Limited (SalaryCredits)
Northern Lights E Business Private Limited is the primary company behind SalaryCredits. The board of Northern Lights E Business Private Limited currently have 2 directors; the longest-serving is Satish Grover, appointed in 2014. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Satish Grover DIN 03274217 | Director | 01 Jul 2014 | 12 yrs 3 mo | Northern Lights E Business Private Limited |
| Rajat Sharma DIN 09479679 | Director | 17 Feb 2022 | 4 yrs 8 mo | Northern Lights E Business Private Limited |
Financials of SalaryCredits
Figures of Northern Lights E Business Private Limited, the primary company behind SalaryCredits, for FY 2022. Revenue was ₹23.4 Lakh (+254% year on year). Net profit was ₹2.2 Lakh (9% margin). EBITDA was ₹4.7 Lakh (20% margin). Revenue has grown at a compounded annual rate of +94% over three years and +11% over five years.
- ₹23.4 LakhRevenue · FY 2022 · +254% YoY
- ₹2.2 LakhNet profit · 9% margin
- ₹4.7 LakhEBITDA · 20% margin
- ₹64.8 LakhPaid-up capital
- +94%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Northern Lights E Business Private Limited are on its company page.
Detailed financial statements for SalaryCredits
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Competitors of SalaryCredits
SalaryCredits has 3 listed competitors in our database, 2 of them funded. They include KarmaLife, Flex Salary and PerkFinance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| karmalife.ai | 2020 | Bengaluru, India | $9.02M | 117 | Subscription-based payday loans are provided to blue-collar workers digitally. | |
| flexsalary.com | 2017 | Hyderabad, India | 809 | Offers a line of credit secured against monthly salaries. | ||
| perkfinance.com | 2017 | Bengaluru, India | $900,000 | Mobile-based lending and financial services are offered to blue-collar workers. |
Detailed competitors of SalaryCredits
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Related news about Salarycredits
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Frequently Asked Questions about SalaryCredits
SalaryCredits was founded in 2014.
SalaryCredits is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
The primary company behind SalaryCredits, Northern Lights E Business Private Limited, reported revenue of ₹23.4 Lakh for FY 2022, up 254% year on year.
SalaryCredits, based in Gurugram, focuses on offering financial products and advice, fintech, facilitating loans and financing, and payroll loans. Offers an app-based platform for payroll loans to users. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
SalaryCredits's top competitors include KarmaLife, Flex Salary and PerkFinance.
SalaryCredits operates through Northern Lights E Business Private Limited.
The legal entities of SalaryCredits currently have 2 directors, including Satish Grover, Rajat Sharma.