About Wagar Credit
Wagar Credit is a company based in Banswara (India) founded in 2010. It operates as a B2C and Cooperative Model. Wagar Credit offers products and services including Daily Deposit, Recurring Deposit, Fixed Deposits, Loan Scheme, and Savings Account. Wagar Credit operates in a competitive market with competitors including Margadarsi Chit Fund, Kannattu, Saya Nidhi, Smart Nidhi Finance and Jodhpur Gramin Nidhi, among others.
- Headquarter Banswara, India
- SectorsTechnologyAgriculture
- Email••••••••
- Website wagarcredit.in
- Legal Name Wagar Credit Co-Operative Society Ltd.
Associated legal entities of Wagar Credit
Wagar Credit is associated with 3 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wagar Infrastructure Private Limited CIN U70101RJ2010PTC032671 | Active | 25 Aug 2010 | Banswara, Rajasthan | ₹0.0 Cr | – | 2 | View details |
| Wagar Royal Business Private Limited CIN U65910RJ1997PTC014175 | Active | 29 Aug 1997 | Banswara, Rajasthan | – | – | 2 | View details |
| Wagar Shoppee Limited CIN U52190RJ2010PLC032668 | Active | 25 Aug 2010 | Banswara, Rajasthan | ₹1.1 Cr | – | 3 | View details |
Products & Services of Wagar Credit
Wagar Credit offers a comprehensive portfolio of products and services, including Daily Deposit, Recurring Deposit, Fixed Deposits, Loan Scheme, and Savings Account.
Facilitates daily savings for earning returns over time.
Enables monthly deposits with interest for future access.
Allows lump sum investments with fixed returns.
Provides loans for members' financial needs.
Offers basic savings with interest and withdrawals.
Board of directors of Wagar Credit
The boards of the 3 registered companies of Wagar Credit currently have 3 directors; the longest-serving is Rajesh Kumar Jain, appointed in 2010. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Kumar Jain DIN 00450174 | Director | 25 Aug 2010 | 16 yrs 1 mo | Wagar Shoppee Limited, Wagar Royal Business Private Limited, Wagar Infrastructure Private Limited |
| Praveena Jain DIN 02627302 | Director | 25 Aug 2010 | 16 yrs 1 mo | Wagar Shoppee Limited, Wagar Royal Business Private Limited, Wagar Infrastructure Private Limited |
| Harshit Jain DIN 02610552 | Director | 31 Aug 2010 | 16 yrs 1 mo | Wagar Shoppee Limited |
Financials of Wagar Credit
Figures of Wagar Shoppee Limited, the primary company behind Wagar Credit, for FY 2019. Revenue was ₹1.07 Cr. Net loss was -₹12,169 (0% margin). EBITDA was ₹17,704 (0% margin).
- ₹1.07 CrRevenue · FY 2019
- -₹12,169Net loss · 0% margin
- ₹17,704EBITDA · 0% margin
- ₹5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Wagar Shoppee Limited are on its company page.
Detailed financial statements for Wagar Credit
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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Verified entity values are shown only after access is granted.
Competitors of Wagar Credit
Wagar Credit 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 Margadarsi Chit Fund, Kannattu, Saya Nidhi, Smart Nidhi Finance and Jodhpur Gramin Nidhi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| margadarsi.com | 1962 | Hyderabad, India | – | 737 | Functions as a cooperative lending company providing financial services. | |
| kannattu.com | 1986 | Chengannur, India | – | 112 | Offers gold loans, insurance, travel services, and money transfer in India. | |
| sayanidhi.com | 2018 | Jaipur, India | – | – | Financial company providing deposits, loans, saving accounts, and schemes for members in India. | |
| smartnidhi.com | 1989 | Jamshedpur, India | – | – | Operates as a cooperative firm offering consumer loans. | |
| jgnljodhpur.com | 2019 | Jodhpur, India | – | – | Jodhpur Gramin Nidhi provides gold, mortgage, daily, and other loan services to members. | |
| orjey.in | 2020 | Bengaluru, India | – | – | Provides diversified loan options for members. | |
| ernadnidhi.com | 2016 | Malappuram, India | – | – | Provides loans, deposits, and savings schemes to members in India. | |
| sanjaisuccess.com | 2017 | Chennai, India | – | 7 | Provides tea coffee vending machines and financial consultancy services. |
Detailed competitors of Wagar Credit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Wagar Credit
10 companies that operate in the same segment as Wagar Credit (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about Wagar Credit
Wagar Credit was founded in 2010.
Wagar Credit is headquartered in Banswara, India. It is registered at Banswara, Rajasthan, India.
Wagar Credit Co-Operative Society Ltd., founded in 2012 by Mr. Rajesh Kumar Jain, operates in Rajasthan, Gujarat, and Madhya Pradesh. It focuses on educating rural communities about finance and offers services such as daily deposits, recurring deposits, fixed deposits, loans, and savings accounts to channel savings into investments with competitive returns. The society emphasizes member satisfaction and financial growth through cooperative models.
Wagar Credit's top competitors include Margadarsi Chit Fund, Kannattu and Saya Nidhi.
Wagar Credit offers Daily Deposit, Recurring Deposit, Fixed Deposits, Loan Scheme, and Savings Account.
Wagar Credit is associated with 3 legal entities: Wagar Shoppee Limited, Wagar Royal Business Private Limited, Wagar Infrastructure Private Limited.
The legal entities of Wagar Credit currently have 3 directors, including Harshit Jain, Rajesh Kumar Jain, Praveena Jain.