Lendingkart Finance, founded in 2014, is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). Headquartered in Ahmedabad, the company specializes in providing working capital and business loans to micro, small, and medium enterprises (MSMEs) across India. Lendingkart leverages advanced data analytics and technology to assess creditworthiness and disburse loans quickly, often within 72 hours. With a fully digital lending process, the company aims to make financing accessible to small businesses that may lack traditional credit history. Focused on financial inclusion, Lendingkart has disbursed loans to businesses in over 4,000 cities and towns, supporting entrepreneurs with customized loan products and flexible repayment options.
Lendingkart's leadership team comprises seasoned professionals with extensive experience in finance, technology, and business operations:
Co-Founder and CEO serves as its Chief Executive Officer. He began his career in the small loans divisions of large private sector and multinational banks, where he recognized the challenges faced by small businesses in accessing timely credit. This insight led him to establish Lendingkart, aiming to simplify and expedite the loan process for SMEs. Harshvardhan is a Chartered Accountant and holds a Postgraduate degree from the Indian School of Business, Hyderabad.
Group Chief Financial Officer, Appointed in April 2024, Mukund Barsagade brings over 28 years of experience in the BFSI and IT sectors. Prior to joining Lendingkart, he served as the CFO of Paytm Payments Bank. As Group CFO, Mukund leads the Finance, Capital Markets, Legal, and Secretarial functions, playing a pivotal role in shaping the company’s next phase of growth.
As of March 31, 2024, Lendingkart Finance Limited reported a revenue from operations of ₹1,090 crore, marking a 36% increase from ₹798 crore in the previous fiscal year. The company's total income reached ₹1,146 crore in FY2024, up from ₹824 crore in FY2023. Despite this growth, profit after tax (PAT) declined by 6% to ₹174.92 crore in FY2024 from ₹185.93 crore in FY2023.
In terms of credit ratings, as of July 16, 2024, ICRA reaffirmed Lendingkart's non-convertible debentures at [ICRA]BBB+, revising the outlook to Stable from Positive. Additionally, CRISIL Ratings reaffirmed its rating of 'CRISIL PPMLD BBB+ r /Stable' on the Long-Term Principal Protected Market Linked Debentures of Lendingkart Finance Limited.
Get answers to the most frequently asked questions by retail investors
The minimum investment amount is ₹1,00,000 per bond.
Interest is paid on a monthly basis.
The bonds will mature on 12th June, 2026.
There is no lock-in period; however, investors should consider the maturity date when planning their investment.
Investors can explore investment options through financial platforms such as Aspero.
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