About Switch My Loan
Switch My Loan is a Financial Services company based in Mumbai (India) founded in 2021 by Raj Kariya, Himanshu Panchmatiya, Chintan Panchmatiya, and Hemali Bhatt. Provider of online loan marketplace services connecting borrowers with lenders. The company has 151 employees. Its chief executive, as recorded, is Himanshu Panchmatiya. Its Indian entity Switch My Loan Private Limited reported revenue of ₹18.83 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Diversified. Its competitors include Epimoney, IndiaLends and i2i; 2 of its 3 listed competitors have raised funding.
Company details
Switch My Loan was founded in 2021 in Mumbai, India, as a fintech platform in the lending sector. Borrowers are connected with multiple lenders through an online marketplace for home, personal, and business loans. Loan options are compared unbiasedly, applications are streamlined, and end-to-end support is provided, including documentation assistance and disbursement. Transparency is maintained throughout the process to match loans with individual needs.
- Headquarters Mumbai, India
- Employees 151
- Founders Raj Kariya, Himanshu Panchmatiya, Chintan Panchmatiya, Hemali Bhatt
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website switchmyloan.in
- Social LinkedIn X Facebook Instagram
- Legal Name Switch My Loan Private Limited
- Date of Incorporation 22 Mar, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹18.83 Cr
FY 2025 · +97% YoY
- Net Profit₹1.41 Cr
FY 2025 · 7% margin
- EBITDA₹1.65 Cr
FY 2025 · 9% margin
- InvestorsSiriusOne
& 4 more
- Employee Count151
Associated legal entities of Switch My Loan
Switch My Loan operates through Switch My Loan Private 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 |
|---|---|---|---|---|---|---|---|
| Switch My Loan Private Limited CIN U67110MH2021PTC357625 | Active | 22 Mar 2021 | Mumbai, Maharashtra | ₹18.8 Cr | 151 | 4 | View details |
Funding Insights of Switch My Loan
- Total Rounds 1
- Investors Count 5
All 1 funding rounds of Switch My Loan 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 |
|---|---|---|---|---|---|
| Aug 2023 | Seed | – | O2 Angels Network |
5 investors in total: 3 institutional and 2 angel.
Investors in Switch My Loan
Switch My Loan has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include SiriusOne, O2 Angels Network and Angel Scions.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Angel network focused on multiple sectors | 2021 | o2angels.net | Delhi, India | |
Investment, advisory, and compliance services for startups and investors. | 2020 | angelscions.com | Kolkata, India | |
Investment in tech startups focusing on innovation and emerging trends in India. | 2018 | siriusone.vc | Chennai, India | |
RR Rajesh Ranjan | unknown_aa1488361f3948379 | |||
JT Jaydeep Thaker | unknown_ac70d5ff3e5f4f198 |
Investor details for Switch My Loan
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Board of directors of Switch My Loan Private Limited (Switch My Loan)
Switch My Loan Private Limited is the primary company behind Switch My Loan. The board of Switch My Loan Private Limited currently have 4 directors; the longest-serving is Raj Satish Kariya, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raj Satish Kariya DIN 09118585 | Director | 22 Mar 2021 | 5 yrs 7 mo | Switch My Loan Private Limited |
| Hemali Yomesh Bhatt DIN 09118586 | Director | 22 Mar 2021 | 5 yrs 7 mo | Switch My Loan Private Limited |
| Chintan Yogesh Panchmatiya DIN 09029551 | Managing Director | 22 Mar 2021 | 5 yrs 7 mo | Switch My Loan Private Limited |
| Himanshu Yogesh Panchmatiya DIN 09464999 | Director | 10 Jan 2022 | 4 yrs 9 mo | Switch My Loan Private Limited |
People of Switch My Loan
5 people are tracked at Switch My Loan (5 in leadership); the tracked headcount is 151.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Durwang Sawant | Business Head - Insta Loan & Digital Personal Loan | Leadership |
Complete people profiles for Switch My Loan
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Financials of Switch My Loan
Figures of Switch My Loan Private Limited, the primary company behind Switch My Loan, for FY 2025. Revenue was ₹18.83 Cr (+97% year on year). Net profit was ₹1.41 Cr (7% margin). EBITDA was ₹1.65 Cr (9% margin). Revenue has grown at a compounded annual rate of +137% over three years.
- ₹18.83 CrRevenue · FY 2025 · +97% YoY
- ₹1.41 CrNet profit · 7% margin
- ₹1.65 CrEBITDA · 9% margin
- ₹1.1 LakhPaid-up capital
- 151Employees (provident fund records)
- +137%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Switch My Loan Private Limited are on its company page.
Detailed financial statements for Switch My Loan
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- Downloads
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Timeline of Switch My Loan
2 dated milestones of Switch My Loan across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Switch My Loan is founded.
- Funding First funding round.
Competitors of Switch My Loan
Switch My Loan has 3 listed competitors in our database, 2 of them funded. They include Epimoney, IndiaLends and i2i.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| epimoney.in | 1995 | Chennai, India | 623 | Consumer and business loans are facilitated via an online platform. | ||
| indialends.com | 2014 | Gurugram, India | $30.11M | 221 | Online platform providing loans and credit cards from various financial institutions | |
| i2ifunding.com | 2015 | Noida, India | $934,120 | 33 | Borrowers are connected with investors through P2P lending services. |
Detailed competitors of Switch My Loan
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Verified entity values are shown only after access is granted.
Web traffic of Switch My Loan
The website of Switch My Loan (switchmyloan.in) receives about 7.6K visits a month.
- Monthly visits7.6K
▼ 31.2% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Switch My Loan (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Switch My Loan
Complete news archive for Switch My Loan
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Frequently Asked Questions about Switch My Loan
Switch My Loan was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Switch My Loan is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Himanshu Panchmatiya is the CEO of Switch My Loan, as recorded in our data. They have also founded this company.
Switch My Loan has 151 employees.
The primary company behind Switch My Loan, Switch My Loan Private Limited, reported revenue of ₹18.83 Cr for FY 2025, up 97% year on year.
Switch My Loan was founded in 2021 in Mumbai, India, as a fintech platform in the lending sector. Borrowers are connected with multiple lenders through an online marketplace for home, personal, and business loans. Loan options are compared unbiasedly, applications are streamlined, and end-to-end support is provided, including documentation assistance and disbursement. Transparency is maintained throughout the process to match loans with individual needs.
Switch My Loan's top competitors include Epimoney, i2i and IndiaLends.
Switch My Loan has 5 investors. Key investors include SiriusOne, O2 Angels Network, Angel Scions, Rajesh Ranjan, and Jaydeep Thaker.
Switch My Loan operates through Switch My Loan Private Limited.
The legal entities of Switch My Loan currently have 4 directors, including Raj Satish Kariya, Hemali Yomesh Bhatt, Chintan Yogesh Panchmatiya and others.