About Zero Mass
Zero Mass is a company based in Mumbai (India) founded in 2007 by Lokanath Panda was acquired by BLS International in June 2022. The company has 561 employees as of April 09, 2024. Zero Mass offers products and services including Banking Correspondent Services, Domestic Remittances, and Micro Insurance. Zero Mass operates in a competitive market with competitors including ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
- Headquarter Mumbai, India
- Employees 561 as on 09 Apr, 2024
- Founders Lokanath Panda
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Zero Mass Private Limited
- Date of Incorporation 20 Mar, 2007
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$24.06 M (USD)32.89as on Mar 31, 2021
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Net Profit
$3.04 M (USD)90.74as on Mar 31, 2021
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EBITDA
$3.72 M (USD)64.72as on Mar 31, 2021
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Latest Funding Round
- Investors
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Employee Count
561
as on Apr 09, 2024
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Acquired by
BLS International
(Jun 09, 2022)
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Products & Services of Zero Mass
Zero Mass offers a comprehensive portfolio of products and services, including Banking Correspondent Services, Domestic Remittances, and Micro Insurance.
Facilitates banking access and account creation for rural users
Enables secure money transfers for underprivileged communities
Offers affordable insurance products for low-income individuals
Funding Insights of Zero Mass
Investors in Zero Mass
Zero Mass has secured backing from 1 investor. Prominent investors backing the company include BLS International.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Visa, passport, and consular outsourcing services are provided globally.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zero Mass
Financial Statements - Zero Mass
Zero Mass Comparisons
Competitors of Zero Mass
Zero Mass 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 ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Microfinance banking services are offered in India by ESAF.
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| domain | founded_year | HQ Location |
Micro loans for businesses are offered by this NBFC.
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| domain | founded_year | HQ Location |
Micro-finance bank
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| domain | founded_year | HQ Location |
Provider of micro-credit & insurance for low income income individuals and women
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| domain | founded_year | HQ Location |
Microcredit services are provided to rural women for financial inclusion.
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| domain | founded_year | HQ Location |
Micro-credit financing is provided to low-income individuals and businesses.
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Frequently Asked Questions about Zero Mass
Zero Mass was founded in 2007.
Zero Mass is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
As of Apr 09, 2024, the latest employee count at Zero Mass is 561.
Annual revenue of Zero Mass is $24.06M as on Mar 31, 2021.
Zero Mass was established in 2007 in Mumbai, India, by co-founder Lokanath Panda. Operations focus on the financial inclusion sector, where microfinance loans and savings accounts are offered without interest or fees to low-income groups. Services are delivered through community-based models, emphasizing accessibility in urban and rural areas of India. The company maintains a presence via its domain zeromass.in, supporting basic financial needs for unbanked populations.
Zero Mass's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
Zero Mass offers Banking Correspondent Services, Domestic Remittances, and Micro Insurance.
Zero Mass has 1 investor. Key investors include BLS International.