About TachyLoans
TachyLoans is a Financial Services company based in Chennai (India) founded in 2016. It offers online collateral-free loans for education and professional courses in India. It operates on a B2C and D2C model. Its Indian entity Finmomenta Private Limited reported revenue of ₹1.1 Lakh. TachyLoans offers products and services including School Education Loans, Online Training Loans, and Skill Development Loans. Its focus areas include FinTech, Lending, Personal Loans and Skill Development Loans. Its competitors include Propelld, UniCreds and Edufin; 2 of its 3 listed competitors have raised funding.
Company details
TachyLoans is an online platform that facilitates personal loans for school education, online training, and skill development courses. It operates in India with a fully digital process, including instant approval and flexible EMI options. Users apply online, upload documents, and receive funds quickly without collateral, serving individuals and parents seeking affordable financing for career growth.
- Headquarters Chennai, India
- SectorsFinancial Services
- Website tachyloans.com
- Legal Name Finmomenta Private Limited
- Date of Incorporation 16 Sep, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.1 Lakh
FY 2018
- Net Loss-₹84.9 Lakh
FY 2018 · -7656% margin
- EBITDA-₹84.6 Lakh
FY 2018 · -7627% margin
Associated legal entities of TachyLoans
TachyLoans operates through Finmomenta Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finmomenta Private Limited CIN U74999KA2016PTC096514 | Strike Off | 16 Sep 2016 | Bangalore, Karnataka | ₹0.0 Cr | 4 | View details |
Products & Services of TachyLoans
TachyLoans offers a comprehensive portfolio of products and services, including School Education Loans, Online Training Loans, and Skill Development Loans.
Collateral-free loans for school education expenses and fees.
Loans for online and certification courses to enhance careers.
Funding for training programs to improve professional skills.
Board of directors of Finmomenta Private Limited (TachyLoans)
Finmomenta Private Limited is the primary company behind TachyLoans. The board of Finmomenta Private Limited currently have 4 directors; the longest-serving is Prasanth Krishnam, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prasanth Krishnam DIN 07616771 | Director | 16 Sep 2016 | 10 yrs 1 mo | Finmomenta Private Limited |
| Mahesh Brahma Khaderbad DIN 07616760 | Director | 16 Sep 2016 | 10 yrs 1 mo | Finmomenta Private Limited |
| Praveen Krishnam DIN 07413116 | Director | 16 Sep 2016 | 10 yrs 1 mo | Finmomenta Private Limited |
| Naveen Madgula DIN 08006327 | Additional Director | 26 Feb 2018 | 8 yrs 8 mo | Finmomenta Private Limited |
Financials of TachyLoans
Figures of Finmomenta Private Limited, the primary company behind TachyLoans, for FY 2018. Revenue was ₹1.1 Lakh. Net loss was -₹84.9 Lakh (-7656% margin). EBITDA was -₹84.6 Lakh (-7627% margin).
- ₹1.1 LakhRevenue · FY 2018
- -₹84.9 LakhNet loss · -7656% margin
- -₹84.6 LakhEBITDA · -7627% margin
- ₹1.91 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Finmomenta Private Limited are on its company page.
Detailed financial statements for TachyLoans
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Competitors of TachyLoans
TachyLoans has 3 listed competitors in our database, 2 of them funded. They include Propelld, UniCreds and Edufin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| propelld.com | 2017 | Bengaluru, India | $70.23M | 235 | Provider of flexible digital education loans with customized repayment options for students | |
| unicreds.com | 2021 | Mumbai, India | 224 | Serves as a platform offering tailored financial solutions to meet diverse user needs. | ||
| edufin.in | 2020 | Chennai, India | $676,473 | 22 | Online platform providing fee payment solutions for kids |
Detailed competitors of TachyLoans
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Web traffic of TachyLoans
The website of TachyLoans (tachyloans.com) receives about 1K visits a month.
- Monthly visits1K
▲ 186.2% vs previous month
Top companies in Consumer and SME Loans
3 companies that operate in the same segment as TachyLoans (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 Tachyloans
Complete news archive for TachyLoans
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Frequently Asked Questions about TachyLoans
TachyLoans was founded in 2016.
TachyLoans is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind TachyLoans, Finmomenta Private Limited, reported revenue of ₹1.1 Lakh for FY 2018.
TachyLoans is an online platform that facilitates personal loans for school education, online training, and skill development courses. It operates in India with a fully digital process, including instant approval and flexible EMI options. Users apply online, upload documents, and receive funds quickly without collateral, serving individuals and parents seeking affordable financing for career growth.
TachyLoans offers School Education Loans, Online Training Loans, and Skill Development Loans.
TachyLoans operates through Finmomenta Private Limited.
The legal entities of TachyLoans currently have 4 directors, including Prasanth Krishnam, Naveen Madgula, Mahesh Brahma Khaderbad and others.