Company lists
The Kerala edition · 2026

Consumer and sme loanscompanies in Kerala

SME loans, consumer loans, vehicle & asset finance, microfinance & chits, listed and more: the companies building consumer and sme loans in Kerala, with their founders, funding, team size and business models.

57 company profiles36 with reported revenue1 with recorded fundingOctober 2026 edition
Kerala · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent consumer and sme loans business events in India

Funding, M&A, contract wins and launches involving 1,606 consumer and sme loans companies in India, last 24 months: 189 funding rounds · 142 M&A deals · 35 Contracts · 34 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AMerger · Announced

Power finance acquires REC Limited

The decks have been cleared for the merger of REC Limited with the Power Finance Corporation (PFC), with the boards of the two government-owned companies approving the proposal made in…

Power Finance
FundingPrivate Placement NCD

Aditya birla capital

Aditya Birla Capital has raised Rs 200 crore through allotment of Non-Convertible Debentures (NCDs) on private placement basis.

Investors Na
Financial services
LaunchGenAI-Powered Conversational Agents

L&t finance

In collections, L&T Finance has transitioned from traditional NLP bots to GenAI-powered conversational agents, enabling over 7.2 million customer interactions across 10 Indic languages.

Collections chatbot
Funding

Axis finance

Axis Finance has secured ₹750 crore in primary capital from private equity firm Kedaara Capital for a 5.08% stake, the non-banking financial company's parent Axis Bank said in a…

Investors Kedaara capital
Financial Services
FundingPreferential allotment

Mufin green finance

Mufin Green Finance has completed a preferential allotment, raising about ₹324 crore through the issuance of equity shares and warrants.

Investors Hindon mercantile, Sageone Capital, Sandeep Kapadia, Ds group
Electric vehicle financing
Funding

Hdb financial services

HDB Financial Services has raised Rs 300 crore through the allotment of 30,000 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each on private placement…

Investors Na
Financial Services
LaunchTenzorX 2026

Poonawalla fincorp

Additionally, Poonawalla Fincorp has introduced TenzorX 2026, a national AI hackathon, aimed at driving innovation and offering a platform for students to showcase their creative AI…

AI Hackathon
FundingLoan

IIFL Home Finance

IIFL Home Finance Secures $300 Mn Loan from ADB for Affordable Housing

Investors Adb
Home finance
LaunchLeadHerShip

Aditya birla capital

Aditya Birla Capital Limited, has introduced ‘LeadHerShip’, a women-to-women mentorship and incubation initiative under its flagship fintech engagement platform, InFiniTe.

Women entrepreneurship mentorship and incubation initiative
FundingQualified Institutions Placement (QIP)

Poonawalla fincorp limited

Poonawalla Fincorp Limited has raised approximately ₹2,500 crore from a qualified institutions placement (QIP) of equity shares.

Consumer and MSME financing, general insurance services
FundingTranche I NCD issue

Capri global capital

Capri Global Capital Limited has announced a Rs 500 crore Tranche I.

Finance
M&AAcquisition · Announced

Avenir Investment RSC Ltd acquires Sammaan Capital

Avenir Investment RSC Ltd, along with IHC Capital Holding LLC acting as a person acting in concert, to acquire up to 34,17,54,286 equity shares of the company.

LaunchTranche I of public issue of secured, rated, listed, redeemable non-convertible debentures

Capri global capital

Capri Global Capital Limited has announced the Tranche I of public issue of secured, rated, listed, redeemable non-convertible debentures (“NCDs”) aggregating up to ₹5,000 million,…

Debt security
M&AAcquisition · Completed

Mufg bank acquires Shriram finance

MUFG Bank, the Japanese banking giant and subsidiary of Mitsubishi UFJ Financial Group, completed its acquisition of a 20 per cent equity stake in Shriram Finance Ltd (SFL) on Wednesday,…

Non-banking financial company (NBFC)
M&AAcquisition · Completed

Patni Family Office acquires Ugro capital

Shares of UGRO Capital jumped on Wednesday, settling with 9 per cent gains at ₹88.83 on the NSE, hitting an intraday high of ₹89.50 from the previous close of ₹81.30. The buying momentum…

M&AAcquisition · Announced

International holding company acquires Sammaan Capital

Sammaan Capital announced that it has become an IHC Group Company following a preferential allotment of equity shares and warrants to the Abu Dhabi-based company.

Non-banking financial company (NBFC)
M&AAcquisition · Announced

Avenir Investment RSC acquires Sammaan Capital

Sammaan Capital received Rs 5,652 crore as part of the initial tranche of the stake acquisition.

Non-Banking Financial Company (NBFC)
M&AAcquisition · Completed

IHC Group acquires Sammaan Capital

Abu Dhabi's IHC Group completed the acquisition of a 41.5% stake in Sammaan Capital (formerly, Indiabulls Housing Finance) through its affiliate Avenir Investment RSC to become the…

M&AAcquisition · Completed

Abu Dhabi's IHC Group acquires Sammaan Capital

Abu Dhabi's IHC Group completed the acquisition of a 41.5% stake in Sammaan Capital (formerly, Indiabulls Housing Finance) through its affiliate Avenir Investment RSC to become the…

M&AAcquisition · Announced

BLS E-Services acquires Atyati technologies

BLS E-Services on Monday said it will acquire a 100 per cent stake in Atyati Technologies for Rs 154 crore.

Technology platforms for financial inclusion
M&AAcquisition · Announced

West Asia’s IHC acquires Sammaan Capital

Sammaan Capital Ltd. formerly IndiaBulls Housing Finance Ltd on Tuesday announced that West Asia’s IHC, with market cap of $232 billion through its affiliate, Avenir Investment RSC Ltd.…

Non-banking Financial Company (NBFC)
FundingDebt

Indifi

Indifi has raised ₹40 crore in debt from BlackSoil Capital to strengthen its digital lending platform and expand credit access for SMEs across India.

Investors BlackSoil Capital
FinTech
Funding

Home Credit India Finance

TVS Holdings has invested ₹526.79 crore in its subsidiary Home Credit India Finance, increasing its stake to 80.39% through the subscription of additional equity shares.

Investors TVS Holdings
Non-banking financial company
M&AAcquisition · Announced

TVS Holdings acquires Home Credit India Finance

TVS Holdings has subscribed to and has been allotted an additional 229,139,017 equity shares of Rs 10/- each in Home Credit India Finance, the company said in a stock exchange filing.…

M&AAcquisition · Completed

TVS Holdings Limited acquires Home credit india

TVS Holdings Limited has made a significant investment in its subsidiary, Home Credit India Finance Private Limited (HCIFPL), by acquiring an additional 229,139,017 equity shares.

Non-banking financial company
M&AMerger · Announced

Piramal finance acquires DHFL Investments Limited

In addition to the NCD issuance, the board also approved a scheme of amalgamation involving Piramal Finance Limited and its wholly-owned subsidiaries: Piramal Corporate Tower Private…

M&AMerger · Announced

Piramal finance acquires Piramal Corporate Tower Private Limited

In addition to the NCD issuance, the board also approved a scheme of amalgamation involving Piramal Finance Limited and its wholly-owned subsidiaries: Piramal Corporate Tower Private…

M&AAcquisition · Announced

Societe generale acquires Sammaan Capital

Smallcap counter Sammaan Capital - which was in news today after the Reserve Bank of India (RBI) cleared decks for Abu Dhabi-based International Holding Company (IHC) to acquire a…

ContractInfrastructure

M/s. Kalpataru Projects International · client: Cholamandalam investment and finance company

Cholamandalam Investment and Finance Company has awarded a significant works contract valued at ₹540 crores for the construction of its new corporate office building.

Construction

Consumer and sme loans companies in Kerala, by revenue

Browse consumer and sme loans companies in Kerala by reported revenue, one-year revenue growth, revenue model, age and stage. The 36 companies below are the largest by their most recent reported revenue among 36 consumer and sme loans companies in Kerala that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 36

Provider of consumer and SME loans

Consumer and sme loans
₹11,975.00 crFY 2022-23
Not reported
12,421+4% 12 mo to Sep 2024LinkedIn · Oct 2026
139 yr1887
40postings · last posted Oct 2026

Provider of consumer and SME loans

Consumer and sme loans
₹6,749.95 crFY 2022-23
Not reported
15,995-27% 12 mo to Mar 2024LinkedIn · Oct 2026
34 yr1992
2postings · last posted Aug 2026

Non-banking financial company specializes in providing a range of financial products & services

Consumer and sme loans
₹5,151.33 crFY 2022-23
Not reported
17,387+20% 12 mo to Aug 2024LinkedIn · Oct 2026
139 yr1887
160postings · last posted Oct 2026

Online platform for providing diverse loan services

Consumer and sme loans
₹1,623.00 crFY 2023-24
Not reported
2,745+17% 12 mo to Jul 2024LinkedIn · Oct 2026
16 yr2010
0none in 3 months · last posted Jul 2026

Provider of gold loans and micro finance services

Services for investment industry
₹315.92 crFY 2023-24
+13%2023–2024
430+85% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of business, vehicle, and gold loans

Consumer and sme loans
₹152.63 crFY 2021-22
Not reported
677-18% 12 mo to Sep 2024LinkedIn · Oct 2026
10 yr2016
0none in 3 months

Provider of consumer and business loans

Consumer and sme loans
₹146.79 crFY 2023-24
+0%2023–2024
809-5% 12 mo to Aug 2023recorded Aug 2023
40 yr1986
0none in 3 months

Provider of financial support systems

Microfinance
₹130.45 crFY 2024-25
+12%2024–2025
1,085+7% 12 mo to Sep 2024recorded Sep 2024
35 yr1991
0none in 3 months

Provider of gold loans and micro finance services

Remittance services
₹106.14 crFY 2023-24
Not reported
2+16% 12 mo to Sep 2024LinkedIn · Oct 2026
18 yr2008
0none in 3 months

Vehicle finance in Kerela

Consumer and sme loans
₹87.55 crFY 2024-25
-11%2024–2025
13LinkedIn · Jul 2026
30 yr1996
2postings · last posted Aug 2026

Diversified lending NBFI

Consumer and sme loans
₹52.21 crFY 2021-22
Not reported
822+18% 12 mo to Sep 2024recorded Sep 2024
39 yr1987
0none in 3 months · last posted Jul 2026

Non banking financial institution that provides personal loan and gold loan services

Consumer and sme loans
₹54.63 crFY 2024-25
+85%2024–2025
121LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Provider of microloans and financial services to underserved communities in India

Microfinance
₹42.55 crFY 2024-25
-7%2024–2025
189LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of consumer and SME loans

Consumer and sme loans
₹31.91 crFY 2024-25
+36%2024–2025
—Not available
14 yr2012
0none in 3 months

Provider of gold, retail, education, and other consumer loan services

Remittance services
₹26.36 crFY 2021-22
Not reported
155LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Chains providing gold loans and mutual fund investment services

Consumer and sme loans
₹20.65 crFY 2024-25
+32%2024–2025
85+4% 12 mo to Sep 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months · last posted Nov 2025

Provider of personal loan services

Consumer and sme loans
₹19.69 crFY 2024-25
+6%2024–2025
27-31% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of personal, gold, and vehicle loans

Consumer and sme loans
₹18.11 crFY 2024-25
+41%2024–2025
38+31% 12 mo to Jul 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Consumer loans provider

Consumer and sme loans
₹11.64 crFY 2021-22
Not reported
1+32% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Diversified lending company

Consumer and sme loans
₹11.47 crFY 2024-25
+6%2024–2025
28+51% 12 mo to Sep 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Provider of gold, personal, business, and MSME loans

Consumer and sme loans
₹11.25 crFY 2024-25
+98%2024–2025
207+48% 12 mo to May 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Diversified lending NBFI

Consumer and sme loans
₹10.49 crFY 2024-25
+12%2024–2025
4-14% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of gold and business loans

Consumer and sme loans
₹8.18 crFY 2024-25
+59%2024–2025
—Not available
30 yr1996
0none in 3 months

Conglomerate of finance-related institutions with a focus on gold loans, business loans, chitty, and developers

Consumer and sme loans
₹4.49 crFY 2024-25
+8%2024–2025
3LinkedIn · Jul 2026
36 yr1990
0none in 3 months

Consumer loans provider

Consumer and sme loans
₹4.13 crFY 2023-24
+87%2023–2024
70+31% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
2postings · last posted Aug 2026
36 of 57 companies shown here · the full list is on Radar
Fliar Radar

Explore all 57 consumer and sme loans companies in Kerala on Radar

This page shows the top 36. Radar has the complete, filterable list with contacts and live company signals.

Open consumer and sme loans in Kerala on Radar
  • Every company, not just 50All 57 consumer and sme loans companies in Kerala, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore consumer and sme loans companies in Kerala by what you are looking for

Find consumer and sme loans companies in Kerala, including gold loan lenders, NBFCs and microfinance providers. Browse loans for small and medium enterprises and consumer loan businesses in Kerala by type.

7 ways to explore consumer and sme loans in Kerala

Loans for small and medium enterprisesConsumer, gold & personal loan companiesVehicle & asset finance companiesMicrofinance, chit fund & cooperative lendersListed consumer and sme loans companies in KeralaConsumer and sme loans startups in Kerala

Loans for small and medium enterprises

Lenders offering business loans to small and medium enterprises.

  1. Muthoot Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  2. Manappuram Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  3. Fedbank Financial Services

    Online platform for providing diverse loan services

    Consumer and sme loans
    See in list
  4. Kosamattam Finance

    NBFC offering gold loan in South and West India

    Consumer and sme loans
    Website
  5. Valuvanadu Capital

    Non banking financial institution that provides personal loan and gold loan services

    Consumer and sme loans
    See in list

Consumer, gold & personal loan companies

Companies offering gold loans, personal loans, home loans and other consumer credit.

  1. Muthoot Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  2. Manappuram Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  3. Fedbank Financial Services

    Online platform for providing diverse loan services

    Consumer and sme loans
    See in list
  4. Kosamattam Finance

    NBFC offering gold loan in South and West India

    Consumer and sme loans
    Website
  5. KLM Axiva

    Provider of gold loans and micro finance services

    Services for investment industry
    See in list

Vehicle & asset finance companies

Lenders financing vehicles, equipment and other assets.

  1. Muthoot Capital Services

    Diversified lending NBFI

    Asset finance
    Website
  2. Kunnamkulam Financing Company

    Provider of corporate leasing equipment finance and diversified loans

    Consumer and sme loans
    See in list
  3. Fraternal Credit & Financial Services

    Fraternal Home Page

    Consumer and sme loans
    Website

Microfinance, chit fund & cooperative lenders

Microloan providers, chit funds and cooperative lending groups serving local communities.

  1. KLM Axiva

    Provider of gold loans and micro finance services

    Services for investment industry
    See in list
  2. LLMS

    Provider of microloans and financial services to underserved communities in India

    Microfinance
    See in list
  3. Manappuram Chits

    Provider of chit fund schemes, facilitating savings through a rotating savings model

    Consumer and sme loans
    See in list
  4. Yogakshemam Loans

    Provider of financial support systems

    Microfinance
    See in list
  5. Ernad Nidhi

    Provider of gold, mortgage & asset backed loans

    Consumer and sme loans
    See in list

Listed consumer and sme loans companies in Kerala

Publicly listed lenders based in Kerala.

  1. Muthoot Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  2. Manappuram Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  3. Fedbank Financial Services

    Online platform for providing diverse loan services

    Consumer and sme loans
    See in list
3 companies in Kerala

Consumer and sme loans startups in Kerala

Newer lending companies in Kerala.

  1. Sreelakshmi Financiers

    Provider of gold loan services

    Consumer and sme loans
    Website
  2. Miraab Group

    Offers diversified loan services for members

    Consumer and sme loans
    Website
  3. Urban Gramin

    Offers gold, personal, and other loan services for their members

    Consumer and sme loans
    Website
  4. Business Development Consultancy and Services

    Provider of consumer and business loans

    Consumer and sme loans
    Website
4 companies in Kerala

Consumer and sme loans companies hiring in Kerala

Lenders in Kerala that are currently hiring.

  1. Muthoot Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  2. Manappuram Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  3. Fedbank Financial Services

    Online platform for providing diverse loan services

    Consumer and sme loans
    See in list
  4. Kosamattam Finance

    NBFC offering gold loan in South and West India

    Consumer and sme loans
    Website
  5. SML Finance

    Vehicle finance in Kerela

    Consumer and sme loans
    See in list
9 companies in Kerala
Mobile reach

Top 10 consumer and sme loans apps from Kerala

The most-installed Android apps published by consumer and sme loans companies headquartered in Kerala — 9.8M installs between them. 12 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
5

KSFE Pravasi Chit

by KSFE

Installs327K
Rating4.182K ratings
Installs, year on year+22%
Last updatedNov 2025
View on Google Play ↗
KSFE Pravasi Chit screenshot 1KSFE Pravasi Chit screenshot 2
The business behind the activity

Consumer and sme loans financials in Kerala

Revenue, profit and growth from the filed annual accounts of 25 consumer and sme loans companies in Kerala for FY24-25 — 39 of the 57 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 68% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹597.61 cr

25 companies filing accounts

combined net profit₹30.40 cr

5.1% aggregate margin

are profitable76%

19 of 25 companies

median revenue~₹11.2 cr

the typical company

median revenue growth+8%

into FY24-25

earned by the top five68%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,502.03 crFY19-2031 filers
₹1,458.17 crFY20-2132 filers
₹1,514.13 crFY21-2231 filers
₹1,753.18 crFY22-2329 filers
₹3,638.18 crFY23-2432 filers
₹597.61 crFY24-2525 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 23 companies over three years

+24%
FY22-23₹458.81 cr−₹5.80 cr net
FY23-24₹540.87 cr₹47.22 cr net
FY24-25₹568.55 cr₹34.08 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr560% profitable
₹1–10 cr683% profitable
₹10–100 cr1275% profitable
₹100–1,000 cr2100% profitable
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking8
0–20%10
20–50%3
50–100%3
Doubled+1

25 companies with accounts for both years; median growth +8%.

Profitability

Profit is concentrated at the top

19profitable
6loss-making
5.1%aggregate margin
3.6%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
LulufinservLULU FINANCIAL SERVICES (INDIA) PRIVATE LIMITED+98%₹11.25 cr
Valuvanadu CapitalVALUVANADU CAPITAL LIMITED+85%₹54.63 cr
NTC FinanceNTC FINANCE PRIVATE LIMITED+41%₹18.11 cr
Muthoot ChitsMUTHOOT PAPPACHAN CHITS (INDIA) PRIVATE LIMITED+36%₹31.91 cr
Agro Indus CreditsAGRO INDUS CREDITS LIMITED+32%₹20.65 cr
Yogakshemam LoansYOGAKSHEMAM LOANS LIMITED+12%₹130.45 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Finvent Finance and InvestmentsFINVENT FINANCE AND INVESTMENTS LIMITED24.5%₹10.49 cr
MABEN NIDHIMABEN NIDHI LIMITED18.9%
Muthoot ChitsMUTHOOT PAPPACHAN CHITS (INDIA) PRIVATE LIMITED17.5%₹31.91 cr
Agro Indus CreditsAGRO INDUS CREDITS LIMITED12.3%₹20.65 cr
Yogakshemam LoansYOGAKSHEMAM LOANS LIMITED7.9%₹130.45 cr
Valuvanadu CapitalVALUVANADU CAPITAL LIMITED7.6%₹54.63 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Consumer and sme loans23₹424.61 cr~₹10.5 cr78%6.7%
Leaders

Largest consumer and sme loans companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Yogakshemam LoansYOGAKSHEMAM LOANS LIMITED₹130.45 cr₹10.28 cr7.9%+12%
Maxvalue Credits and InvestmentsMAXVALUE CREDITS AND INVESTMENTS LIMITED₹104.70 cr₹3.73 cr3.6%-23%
MABEN NIDHIMABEN NIDHI LIMITED18.9%-6%
Valuvanadu CapitalVALUVANADU CAPITAL LIMITED₹54.63 cr₹4.14 cr7.6%+85%
LLMSLAHANTI LASTMILE SERVICES PRIVATE LIMITED₹42.55 cr−₹8.51 cr-20.0%-7%
Muthoot ChitsMUTHOOT PAPPACHAN CHITS (INDIA) PRIVATE LIMITED₹31.91 cr₹5.57 cr17.5%+36%
SML FinanceS M L FINANCE LIMITED₹28.78 cr−₹3.72 cr-12.9%-29%
Agro Indus CreditsAGRO INDUS CREDITS LIMITED₹20.65 cr₹2.55 cr12.3%+32%
Niravath Jubily ChitsNIRAVATHJUBILY CHITS INDIA PRIVATE LIMITED₹19.69 cr₹41.64 lakh2.1%+6%
NTC FinanceNTC FINANCE PRIVATE LIMITED₹18.11 cr₹52.65 lakh2.9%+41%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Consumer and sme loans funding and M&A across India

541 recorded equity rounds have gone to 1,606 consumer and sme loans companies in India — how much, at which stage, into which sub-sectors, from whom, and how Kerala compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months5

US$96.82m

equity rounds, last 24 months37

US$720.28m

raised over five yearsUS$5.08bn

231 rounds in India

M&A deals, India142

last 24 months

Capital by year

Equity funding into consumer and sme loans in India

amount rounds
$879m201859
$1.1bn201953
$500m202034
$693m202148
$1.2bn202254
$726m202349
$1.9bn202448
$395m202528
$95m20264

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$1.94bn across 48 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$37.56m24 rounds · median US$616k
SeedUS$88.70m54 rounds · median US$1.10m
Series AUS$254.85m44 rounds · median US$4.16m
Series BUS$621.30m28 rounds · median US$16.49m
Series CUS$1.06bn20 rounds · median US$40.75m
Series D+US$2.34bn53 rounds · median US$29.94m
Private equityUS$680.16m8 rounds · median US$35.45m
Where the money went · five years

Most-funded sub-sectors

Consumer and sme loansUS$4.12bn189 rounds · 83 companies
Alternative lendingUS$528.70m25 rounds · 9 companies
MicrofinanceUS$173.38m5 rounds · 1 companies
Asset financeUS$144.23m4 rounds · 2 companies
Higher education techUS$97.81m3 rounds · 1 companies
Service providers to banksUS$15.77m3 rounds · 1 companies
Investment consultantsUS$1.84m2 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

126Acquisition
16Merger

Most active acquirers

  1. Bajaj finserv7
  2. Power finance6
  3. Piramal finance6
  4. Avenir Investment RSC3
  5. Societe generale3

Most acquired or merged

  1. Sammaan Capital13
  2. Shriram finance8
  3. Manappuram finance6
  4. Nido Home Finance5
  5. Religare5

Each deal appears in the events strip at the top of the page.

Founders and momentum in Kerala

Meet the people behind consumer and sme loans companies in Kerala. 35 of 57 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring consumer and sme loans in India and nearby markets.

Coming soon