About Swarna Pragati
Swarna Pragati is a company based in Nagpur (India) founded in 2009 by Ramesh Kumar Aravamuthan. Swarna Pragati has raised $20.86 million across 4 funding rounds from investors including State Bank of India, Primarc and Zephyr Peacock. The company has 248 employees as of February 26, 2025. Swarna Pragati offers products and services including Home Loan and Loan Against Property. Swarna Pragati operates in a competitive market with competitors including Shubham, Aadhar Housing Finance, Ummeed Housing Finance, Deewan Housing Finance Corporation and Repco Home, among others.
- Headquarter Nagpur, India
- Employees 248 as on 26 Feb, 2025
- Founders Ramesh Kumar Aravamuthan
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
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Phone
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Website
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- Legal Name Swarna Pragati Housing Microfinance Private Limited
- Date of Incorporation 05 Jan, 2009
- Jurisdiction Nagpur, Maharashtra, India
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Annual Revenue
$1.24 M (USD)-8.17as on Mar 31, 2024
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Net Profit
-$1 M (USD)-252.68as on Mar 31, 2024
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EBITDA
-$1.27 M (USD)-97.88as on Mar 31, 2024
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Total Equity Funding
$20.86 M (USD)
in 4 rounds
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Latest Funding Round
$2.49 M (USD), Series B
Oct 19, 2019
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Investors
State Bank of India
& 17 more
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Employee Count
248
as on Feb 26, 2025
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Products & Services of Swarna Pragati
Swarna Pragati offers a comprehensive portfolio of products and services, including Home Loan and Loan Against Property.
Provides financing for housing needs to low-income individuals.
Offers secured loans using property as collateral for various needs.
People of Swarna Pragati
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Funding Insights of Swarna Pragati
Swarna Pragati has successfully raised a total of $20.86M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $2.49 million completed in October 2019. 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.
Investors in Swarna Pragati
Swarna Pragati has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Bank of India, Primarc and Zephyr Peacock.
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Diversified asset management and private equity firm focused on small and medium sized enterprises
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Investments are made in digital society, education, and employability sectors.
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Venture capital firm
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Investor details for Swarna Pragati
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Investments & Acquisitions by Swarna Pragati
Investment portfolio details for Swarna Pragati
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Financial Statements - Swarna Pragati
Detailed financials for Swarna Pragati
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Swarna Pragati Comparisons
Peer comparison for Swarna Pragati
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Competitors of Swarna Pragati
Swarna Pragati operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shubham, Aadhar Housing Finance, Ummeed Housing Finance, Deewan Housing Finance Corporation and Repco Home, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Affordable housing finance solutions are provided to underserved individuals.
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Loans for affordable housing in tier 2,3 and 4 cities
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Real estate financing company
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Provider of diversified financial services
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Affordable housing finance is provided to low- and middle-income families.
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Home loans and financial services are provided to customers.
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Detailed competitors of Swarna Pragati
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Latest news on Swarna Pragati
Complete news archive for Swarna Pragati
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Frequently Asked Questions about Swarna Pragati
Swarna Pragati was founded in 2009 and raised its 1st funding round 4 years after it was founded.
Swarna Pragati is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Prashant Banerjee is the current CEO of Swarna Pragati.
Swarna Pragati is a funded company, having raised a total of $20.86M across 4 funding rounds to date.
As of Feb 26, 2025, the latest employee count at Swarna Pragati is 248.
Annual revenue of Swarna Pragati is $1.24M as on Mar 31, 2024.
Swarna Pragati offers Home Loan, Loan Against Property while focusing on real estate and construction, affordable housing, and financing. Provider of micro-mortgage loans. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs. It continues to evolve, meeting industry challenges with strategic approaches.
Swarna Pragati's top competitors include Aadhar Housing Finance, Shubham and Nivara Home Finance.
Swarna Pragati offers Home Loan and Loan Against Property.
Swarna Pragati has 18 investors. Key investors include State Bank of India, Primarc, Zephyr Peacock, Omidyar Network India, and Pramod Bhasin.
The valuation of Swarna Pragati is $14.99M as of Dec 2015.