About WayToBank
WayToBank is a Financial Services company based in Bengaluru (India) founded in 2015. Financial services including loans and credit cards in India. The company has 23 employees. Its Indian entity Dalztek Online Services India Private Limited reported revenue of ₹3.14 Cr. WayToBank offers products and services including Personal Loans and Home Loans. Its focus areas include Credit, Credit Cards, Rewards Programs and Banking.
Company details
WayToBank is identified as a provider of various financial solutions such as personal loans, home loans, credit cards, and business loans, which are facilitated through partnerships with multiple banks. It was founded in 2016 in Bangalore, India, under the legal entity SELCHIN ONLINE SERVICES (OPC) PRIVATE LIMITED, with an emphasis on customer-centric assistance and ethical guidance in selecting loan plans. Goals include reaching customers affordably, expanding services, and maximizing satisfaction through efficient processes and new products, while maintaining a focus on sustainable financial assistance.
- Headquarters Bengaluru, India
- Employees 23
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website waytobank.com
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- Legal Name Dalztek Online Services India Private Limited
- Date of Incorporation 11 Feb, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹3.14 Cr
FY 2024 · -38% YoY
- Net Loss-₹17.3 Lakh
FY 2024 · -6% margin
- EBITDA-₹14.9 Lakh
FY 2024 · -5% margin
- Employee Count23
Associated legal entities of WayToBank
WayToBank operates through Dalztek Online Services India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dalztek Online Services India Private Limited CIN U72400KA2016PTC086028 | Active | 11 Feb 2016 | Bangalore, Karnataka | ₹3.1 Cr | 23 | 3 | View details |
Products & Services of WayToBank
WayToBank offers a comprehensive portfolio of products and services, including Personal Loans and Home Loans.
Personal loans are provided to meet financial needs effectively with minimum documentation and easy approvals.
Home loans are offered for realizing dreams through an easy process, low interest rates, and facilities like part prepayment.
Board of directors of Dalztek Online Services India Private Limited (WayToBank)
Dalztek Online Services India Private Limited is the primary company behind WayToBank. The board of Dalztek Online Services India Private Limited currently have 3 directors; the longest-serving is Selvakumar Chinnaramu, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Selvakumar Chinnaramu DIN 07406302 | Director | 11 Feb 2016 | 10 yrs 8 mo | Dalztek Online Services India Private Limited |
| Chinnaramu DIN 10065665 | Additional Director | 02 May 2023 | 3 yrs 6 mo | Dalztek Online Services India Private Limited |
| Thangapandi DIN 10587124 | Director | 06 Apr 2024 | 2 yrs 7 mo | Dalztek Online Services India Private Limited |
Financials of WayToBank
Figures of Dalztek Online Services India Private Limited, the primary company behind WayToBank, for FY 2024. Revenue was ₹3.14 Cr (-38% year on year). Net loss was -₹17.3 Lakh (-6% margin). EBITDA was -₹14.9 Lakh (-5% margin). Revenue has grown at a compounded annual rate of +9% over three years.
- ₹3.14 CrRevenue · FY 2024 · -38% YoY
- -₹17.3 LakhNet loss · -6% margin
- -₹14.9 LakhEBITDA · -5% margin
- ₹10 LakhPaid-up capital
- 23Employees (provident fund records)
- +9%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Dalztek Online Services India Private Limited are on its company page.
Detailed financial statements for WayToBank
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as WayToBank (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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Frequently Asked Questions about WayToBank
WayToBank was founded in 2015.
WayToBank is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
WayToBank has 23 employees.
The primary company behind WayToBank, Dalztek Online Services India Private Limited, reported revenue of ₹3.14 Cr for FY 2024, down 38% year on year.
WayToBank is identified as a provider of various financial solutions such as personal loans, home loans, credit cards, and business loans, which are facilitated through partnerships with multiple banks. It was founded in 2016 in Bangalore, India, under the legal entity SELCHIN ONLINE SERVICES (OPC) PRIVATE LIMITED, with an emphasis on customer-centric assistance and ethical guidance in selecting loan plans. Goals include reaching customers affordably, expanding services, and maximizing satisfaction through efficient processes and new products, while maintaining a focus on sustainable financial assistance.
WayToBank offers Personal Loans and Home Loans.
WayToBank operates through Dalztek Online Services India Private Limited.
The legal entities of WayToBank currently have 3 directors, including Thangapandi, Chinnaramu, Selvakumar Chinnaramu.