Company lists
The Kerala edition · 2026

Financial servicescompanies in Kerala

Loans & NBFCs, accounting & tax, banks, wealth & investment, microfinance and more: the companies building financial services in Kerala, with their founders, funding, team size and business models.

228 company profiles65 with reported revenue4 with recorded fundingOctober 2026 edition
Kerala · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent financial services business events in India

Funding, M&A, contract wins and launches involving 9,984 financial services companies in India, last 24 months: 573 M&A deals · 263 funding rounds · 218 Contracts · 143 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractService

Indian overseas bank · client: National

National Aluminium Company Limited (NALCO) has signed a Memorandum of Understanding (MoU) with Indian Overseas Bank (IOB) to roll out a Corporate Salary Package for its employees.

Banking
M&AAcquisition · Completed

Life insurance corporation of india acquires NHPC

Life Insurance Corporation of India (LIC) has increased its holding in state-owned hydropower major NHPC Ltd by acquiring a 0.76 per cent stake through open market transactions on June…

Hydropower
M&AAcquisition · Announced

Axis bank acquires Axis Max Life Insurance

Private lender Axis Bank on Monday said it has raised its stake in Axis Max Life Insurance Company to 19.9%.

Insurance
M&AAcquisition · Pending

Bain capital acquires Perpetual wealth management

Now Bain Capital, which had also earlier been looking at Perpetual Wealth Management, is in exclusive talks to buy the Perpetual unit. Sources say it is working hard on completing a deal.

Wealth management
M&AAcquisition · Announced

Corient acquires Capital advisors

Corient announced an agreement to acquire Capital Advisors, a Tulsa, Oklahoma-based RIA with $7.8 billion in assets under management (AUM).

Investment Advisory / RIA
M&AAcquisition · Announced

Mirae asset mutual fund acquires Equitas small finance bank

It has informed that the Reserve Bank of India has granted approval to Mirae Asset Mutual Fund to acquire a stake of up to 9.5% in the bank's paid-up capital or voting rights.

Banking
FundingAdditional Investment

Axis Max Life Insurance

Axis Bank Limited has announced an additional investment of up to Rs. 3,80,60,36,780/- in Axis Max Life Insurance Company Limited.

Investors Axis bank
Life Insurance
M&AAcquisition · Announced

Na acquires Central bank of india

Khaitan & Co, acted as legal counsel to the Broker, Goldman Sachs (India) Securities Private Limited, in relation to the offer for sale of equity shares of Central Bank of India held by…

Banking/Financial Services
M&AAcquisition · Announced

Online psb loans acquires AvenuesAI Limited

AvenuesAI Limited in its stock exchange filings said that the board has approved the proposal to pick 7% minority equity stake in Online PSB Loans Limited (OPL) as a strategic investment.

Artificial Intelligence
M&AAcquisition · Completed

Authum investment & infrastructure acquires Prataap Snacks

Promoter Authum Investment & Infrastructure has acquired 3.11 lakh shares (1.3 percent) in Prataap Snacks for Rs 31.26 crore at Rs 1,004.38 per share.

Snack food manufacturer
M&AAcquisition · Completed

Lic acquires Central bank of india

In an exchange filing, the Central Bank of India said LIC acquired 26.26 crore equity shares, representing 2.901% stake in the public sector lender, through market purchases on May 22.

Banking
M&AAcquisition · Completed

TVS Motor acquires Jana small finance bank

The acquisition was finalised on 22nd May 2026, marking a significant step for TVS Motor in expanding its investment portfolio. The company now holds a 4.90% stake in Jana Small Finance…

Financial Services
M&AAcquisition · Announced

Corient acquires Capital advisors

Corient announced an agreement to acquire Capital Advisors, a Tulsa, Oklahoma-based RIA with $7.8 billion in assets under management (AUM).

Wealth management
M&AAcquisition · Announced

TVS Motor Company Limited acquires Jana small finance bank

Jana Holdings Limited agreed to sell approximately 4.9% (four point nine percent) of the total paid-up equity share capital of Jana Small Finance Bank to TVS Motor Company Limited. The…

Banking
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
M&AAcquisition · Announced

TVS Venu Group acquires Jana small finance bank

TVS Venu Group acquired a 9.9 per cent stake in Jana Small Finance Bank for ₹193.3 crore as part of a broader investment to deepen its presence in India's financial services sector, the…

Small Finance Banking
M&AAcquisition · Announced

Tvs credit services acquires Jana small finance bank

The investment in Jana Small Finance Bank will allow for mutual collaboration in various areas for the long-term success of the Bank, subject to applicable laws, according to a statement.

Banking
M&AAcquisition · Announced

TVS VENU acquires Jana small finance bank

TVS VENU has agreed to acquire a minority stake in Jana Small Finance Bank through a combination of primary issuance of warrants and secondary share purchases. The transaction will…

Banking
M&AAcquisition · Announced

Emirates NBD Bank acquires Rbl bank

The proposed investment, by way of primary infusion of approximately USD 3 billion (about 26,850 crore) represents one of the largest international investments in the Indian banking sector.

Banking
M&AAcquisition · Announced

Tvs group acquires Jana small finance bank

the TVS Group is set to acquire a 9.99% stake in Jana Small Finance Bank through a preferential allotment, marking a significant strategic investment in the small finance banking space.

Banking
M&AAcquisition · Announced

Shivalik small finance bank acquires ManiBhavnam Home Finance

Shivalik Small Finance Bank, backed by Japan's largest lender Sumitomo Mitsui Banking Corporation (SMBC), is in the final stages of acquiring Delhi-based ManiBhavnam Home Finance in a…

Housing Finance
ContractGovernment

Dynacons Systems and Solutions · client: Reserve bank of india

after the IT infrastructure company announced it has secured a Rs 750.82 crore order from the Reserve Bank of India to set up and manage private cloud infrastructure across the central…

IT infrastructure
ContractInfrastructure

Nbcc (india) limited · client: Canara bank

NBCC has secured a contract for the construction of an office building and residential quarters for Canara Bank in Palarivattom, Kochi, valued at approximately ₹54.35 crore.

Banking and Residential Infrastructure
ContractInfrastructure

Dynacons Systems & Solutions · client: Reserve bank of india

Dynacons Systems & Solutions Ltd has secured a major contract from the Reserve Bank of India worth ₹750.82 crore for building private cloud infrastructure for its data centres.

Banking
ContractService

Dynacons Systems & Solutions · client: Punjab & sind bank

In February, Dynacons had secured a ₹108.88 crore contract from Punjab & Sind Bank for implementing and managing an on-premises private cloud infrastructure over five years.

Technology
M&AAcquisition · Completed

Barclays acquires Tesco’s banking arm

Barclays’ £600m takeover of Tesco’s banking arm last year.

Retail banking
M&AAcquisition · Announced

Federal bank acquires Standard Chartered Bank

Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships.

Banking
M&AMerger · Announced

Tjsb sahakari bank acquires The Bhavani Sahakari Bank Ltd.

the Reserve Bank of India has approved the voluntary amalgamation of The Bhavani Sahakari Bank Ltd. with TJSB Sahakari Bank.

Cooperative banking
ContractService

Welspun enterprises · client: Indo Global Soft Solutions and Technologies Pvt Ltd

In March 2026, Welspun Enterprises Ltd had leased 4.5 lakh sq ft of commercial office space in Radius IT Park in Pune's Hinjewadi for over ₹82 crore, according to property registration…

Real Estate
M&AAcquisition · Announced

Federal bank acquires Standard Chartered Bank India

Federal Bank has entered into an agreement with Standard Chartered Bank India to acquire the British lender’s select portfolio of credit card business for an undisclosed sum.

Banking

Financial services companies in Kerala, by revenue

Browse financial services companies in Kerala by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 65 financial services 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 50

Private sector bank

Banks
₹26,781.95 crFY 2023-24
Not reported
14,658+99% vs previous recordrecorded
95 yr1931
—No postings tracked

Provider of consumer and SME loans

Consumer and sme loans
₹11,975.00 crFY 2022-23
Not reported
12,148+4% 12 mo to Sep 2024LinkedIn · Jul 2026
139 yr1887
39postings · last posted Sep 2026

South Indian bank

Banks
₹10,127.32 crFY 2023-24
Not reported
6,719+2% 12 mo to Mar 2024LinkedIn · Jul 2026
97 yr1929
0none in 3 months · last posted Jun 2026

Provider of consumer and SME loans

Consumer and sme loans
₹6,749.95 crFY 2022-23
Not reported
15,716-27% 12 mo to Mar 2024LinkedIn · Jul 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
16,703+20% 12 mo to Aug 2024LinkedIn · Jul 2026
139 yr1887
147postings · last posted Sep 2026

Commercial bank

Banks
₹3,511.83 crFY 2023-24
Not reported
7,863+15% 12 mo to Mar 2024recorded Mar 2024
106 yr1920
—No postings tracked

Microfinance banks

Banks
₹3,141.57 crFY 2022-23
Not reported
11,847+346% vs previous recordrecorded
34 yr1992
—No postings tracked

Provider of microfinance financial support and loans to low-income earning women entrepreneurs

Microfinance
₹2,285.49 crFY 2023-24
+58%2023–2024
4,567+23% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
4postings · last posted Sep 2026

Online platform for providing diverse loan services

Consumer and sme loans
₹1,623.00 crFY 2023-24
Not reported
2,633+17% 12 mo to Jul 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jul 2026

Private Bank

Banks
₹1,359.55 crFY 2023-24
Not reported
1,086+2% 12 mo to Mar 2023LinkedIn · Jul 2026
99 yr1927
—No postings tracked

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

Stock broking, agri commodity financing and micro finance services provider

Brokers and dealers
₹179.33 crFY 2022-23
Not reported
2+0% 12 mo to Feb 2024recorded Feb 2024
32 yr1994
—No postings tracked

Provider of business, vehicle, and gold loans

Consumer and sme loans
₹152.63 crFY 2021-22
Not reported
670-18% 12 mo to Sep 2024LinkedIn · Jul 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
1+16% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Insurance Broker

Insurance distribution
₹105.15 crFY 2023-24
+763%2023–2024
47-40% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
0none in 3 months

Home

Service providers to banks
₹105.13 crFY 2024-25
+34%2024–2025
1,299LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Mar 2026

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

Provider of loans, investments, and financial advisory services in a disciplined manner

Service providers to banks
₹66.74 crFY 2021-22
Not reported
416+168% 12 mo to Sep 2024recorded Sep 2024
87 yr1939
1postings · last posted Aug 2026

Provider of financial services including money exchange, loans, and money transfer

Asset management
₹62.39 crFY 2024-25
+30%2024–2025
19LinkedIn · Jul 2026
25 yr2001
0none in 3 months

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

Wealth management service provider

Asset management
₹43.35 crFY 2021-22
Not reported
364+27% 12 mo to Sep 2024LinkedIn · Jul 2026
139 yr1887
—No postings tracked

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
50 of 228 companies shown here · the full list is on Radar
Fliar Radar

Explore all 228 financial services companies in Kerala on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open financial services in Kerala on Radar
  • Every company, not just 50All 228 financial services 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 financial services companies in Kerala by what you are looking for

Find top financial services companies in Kerala, including banks, gold loan lenders, microfinance firms and insurance brokers. Browse financial services startups in Kerala and the companies hiring now.

9 ways to explore financial services in Kerala

Loan providers, gold loan & NBFC companiesAccounting, tax & audit firmsBanks & co-operative banksWealth management, mutual funds & investment firmsMicrofinance & micro loan companiesInsurance brokers & distributors

Loan providers, gold loan & NBFC companies

Non-banking lenders offering consumer, SME, gold and vehicle loans.

  1. Fedbank Financial Services

    Online platform for providing diverse loan services

    Consumer and sme loans
    See in list
  2. Kosamattam Finance

    NBFC offering gold loan in South and West India

    Consumer and sme loans
    Website
  3. KLM Axiva

    Provider of gold loans and micro finance services

    Services for investment industry
    See in list
  4. Muthoot HomeFin

    Home loans

    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

Accounting, tax & audit firms

Firms providing bookkeeping, audit, taxation and payroll services.

  1. BRQ ASSOCIATES

    Provider of bookkeeping, accounting, and tax compliance assistance for business owners

    Finance & accounting services
    See in list
  2. APCA

    Provider of financial, tax, auditing and management consulting services

    Finance & accounting services
    Website
  3. ActNow

    Provider of bookkeeping, accounting, reporting, analytics, entity formation, governance, budgeting, and expenses management services for startups and businesses

    Finance & accounting services
    Website
  4. Calinsys

    Provider of payroll and IT services

    Finance & accounting services
    Website
  5. ca raghul sr associates

    Provider of finance, accounting, tax, and auditing services

    Finance & accounting services
    Website

Wealth management, mutual funds & investment firms

Asset managers, financial advisors and investment platforms.

  1. Muthoot Group

    Wealth management service provider

    Asset management
    See in list
  2. Salem Erode Investments

    Financial advisory service provider

    Asset management
    Website
  3. JanaDhan Equities

    Provider of wealth management, investment, and financial planning services

    Asset management
    Website
  4. Quill Capital Partners

    Online investment platform for mutual funds

    Services for investment industry
    Website
  5. Kashly

    Provider of fund management services

    Asset management
    Website

Microfinance & micro loan companies

Institutions providing microcredit and small loans to low-income borrowers.

  1. ESAF

    Microfinance banks

    Banks
    See in list
  2. Muthoot Microfin

    Provider of microfinance financial support and loans to low-income earning women entrepreneurs

    Microfinance
    See in list
  3. LLMS

    Provider of microloans and financial services to underserved communities in India

    Microfinance
    See in list
  4. Keshava Prabha Microfin

    Fully paperless and cashless microfinance institution

    Microfinance
    See in list
  5. Hope Micro Credit Finance

    Micro finance in South India, Meghalaya and Andamans

    Microfinance
    Website

Insurance brokers & distributors

Brokers selling life, general and motor insurance.

  1. Manappuram Insurance

    Insurance Broker

    Insurance distribution
    See in list
  2. Securus

    Provider of tailored insurance programs and risk management solutions

    Insurance distribution
    See in list
  3. AIMS Insurance Broking

    Provider of life & general insurance services

    Insurance distribution
    See in list
  4. Am-Ex Insurance Brokers

    Provider of insurance brokerage services

    Insurance distribution
    See in list
  5. Cosmos Insurance Brokers

    Provider of diversified insurance brokerage services

    Insurance distribution
    See in list

Stock brokers, money exchange & remittance

Stock brokers, forex dealers and money transfer services.

  1. Inditrade

    Stock broking, agri commodity financing and micro finance services provider

    Brokers and dealers
    See in list
  2. Sharewealth

    Brokerage services and trading platform provider

    Financial exchanges
    Website
  3. Quill Capital Partners

    Online investment platform for mutual funds

    Services for investment industry
    Website
  4. Treles Tech

    Provider of online trading solutions

    Asset management
    Website
  5. LuLu Forex

    Provider of money transfer, foreign currency exchange, and currency card services

    Remittance services
    Website

Financial services startups in Kerala

Newer financial services companies founded in the last few years.

  1. ActNow

    Provider of bookkeeping, accounting, reporting, analytics, entity formation, governance, budgeting, and expenses management services for startups and businesses

    Finance & accounting services
    Website
  2. Neelsaj Financial Services

    Provider of management consulting services focused on fostering mutual respect, communication, and personal and professional growth

    Asset management
    Website
  3. Kerala State Co operative Bank

    Trusted financial partner dedicated to banking services, financial inclusion, and community banking

    Banks
    Website
  4. Sreelakshmi Financiers

    Provider of gold loan services

    Consumer and sme loans
    Website
  5. Rkare

    Provider of financial services for individuals and businesses

    Service providers to banks
    Website
27 companies in Kerala

Listed financial services companies in Kerala

Publicly listed banks and finance companies in Kerala.

  1. Federal Bank

    Private sector bank

    Banks
    See in list
  2. Muthoot Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  3. South Indian Bank

    South Indian bank

    Banks
    See in list
  4. Manappuram Finance

    Provider of consumer and SME loans

    Consumer and sme loans
    See in list
  5. Catholic Syrian Bank

    Commercial bank

    Banks
    See in list
11 companies in Kerala
Mobile reach

Top 10 financial services apps from Kerala

The most-installed Android apps published by financial services companies headquartered in Kerala — 19.2M installs between them. 36 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
8

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

Financial services financials in Kerala

Revenue, profit and growth from the filed annual accounts of 51 financial services companies in Kerala for FY24-25 — 75 of the 228 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 91% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹6,746.57 cr

51 companies filing accounts

combined net profit−₹1,108.47 cr

-16.4% aggregate margin

are profitable75%

38 of 51 companies

median revenue~₹6.8 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five91%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,181.19 crFY19-2055 filers
₹5,224.16 crFY20-2158 filers
₹5,876.74 crFY21-2261 filers
₹7,853.58 crFY22-2359 filers
₹11,969.72 crFY23-2463 filers
₹6,746.57 crFY24-2551 filers

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

Like-for-like

The same 47 companies over three years

+35%
FY22-23₹4,968.77 cr₹387.01 cr net
FY23-24₹6,439.51 cr−₹181.23 cr net
FY24-25₹6,717.48 cr−₹1,104.74 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 cr1759% profitable
₹1–10 cr1392% profitable
₹10–100 cr1681% profitable
₹100–1,000 cr3100% profitable
Over ₹1,000 cr20% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking12
0–20%20
20–50%11
50–100%4
Doubled+3

50 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

38profitable
13loss-making
-16.4%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
Valuvanadu CapitalVALUVANADU CAPITAL LIMITED+85%₹54.63 cr
NTC FinanceNTC FINANCE PRIVATE LIMITED
Muthoot ChitsMUTHOOT PAPPACHAN CHITS (INDIA) PRIVATE LIMITED
FedServFEDERAL OPERATIONS AND SERVICES LIMITED+34%₹105.13 cr
Agro Indus CreditsAGRO INDUS CREDITS LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Muthoot GroupMUTHOOT SECURITIES LIMITED53.1%₹79.23 cr
Hedge EquitiesHEDGE EQUITIES LIMITED₹15.32 cr
Ahalia Money ExchangeAHALIA FINFOREX LIMITED25.8%₹62.39 cr
Finvent Finance and InvestmentsFINVENT FINANCE AND INVESTMENTS LIMITED
MABEN NIDHIMABEN NIDHI LIMITED18.9%
Muthoot ChitsMUTHOOT PAPPACHAN CHITS (INDIA) PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Consumer and sme loans23₹424.61 cr~₹10.5 cr78%6.7%
Asset management8₹158.17 cr~₹53 lakh88%39.4%
Insurance distribution6₹28.17 cr~₹4.5 cr83%12.0%
Leaders

Largest financial services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ESAFESAF SMALL FINANCE BANK LIMITED₹4,329.31 cr−₹521.39 cr-12.0%+2%
Dhanlaxmi BankDHANLAXMI BANK LIMITED₹1,489.08 cr−₹694.59 cr-46.6%+10%
Yogakshemam LoansYOGAKSHEMAM LOANS LIMITED₹130.45 cr₹10.28 cr7.9%+12%
FedServFEDERAL OPERATIONS AND SERVICES LIMITED₹105.13 cr₹7.91 cr7.5%+34%
Maxvalue Credits and InvestmentsMAXVALUE CREDITS AND INVESTMENTS LIMITED₹104.70 cr₹3.73 cr3.6%-23%
Muthoot GroupMUTHOOT SECURITIES LIMITED₹79.23 cr₹42.08 cr53.1%-1%
MABEN NIDHIMABEN NIDHI LIMITED18.9%-6%
Ahalia Money ExchangeAHALIA FINFOREX LIMITED₹62.39 cr₹16.12 cr25.8%+30%
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%
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.

Industry landscape report

Financial Services Industry Landscape of India

The financials above are one chapter. The full financial services landscape of Kerala maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the financial services landscape of Kerala
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

Financial services funding and M&A across India

1,188 recorded equity rounds have gone to 9,984 financial services 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 months14

US$217.38m

equity rounds, last 24 months71

US$1.06bn

raised over five yearsUS$7.49bn

432 rounds in India

M&A deals, India573

last 24 months

Capital by year

Equity funding into financial services in India

amount rounds
$1.3bn2018100
$1.8bn2019100
$1.1bn202069
$1.4bn202197
$1.7bn2022110
$1.4bn202376
$2.2bn202486
$639m202552
$190m202611

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$2.15bn across 86 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$57.23m55 rounds · median US$470k
SeedUS$267.35m125 rounds · median US$977k
Series AUS$657.41m74 rounds · median US$5.77m
Series BUS$1.35bn65 rounds · median US$12.03m
Series CUS$1.49bn39 rounds · median US$24.00m
Series D+US$2.69bn61 rounds · median US$29.23m
Private equityUS$976.72m13 rounds · median US$53.65m
Where the money went · five years

Most-funded sub-sectors

Consumer and sme loansUS$4.12bn189 rounds · 83 companies
MicrofinanceUS$824.55m35 rounds · 15 companies
Alternative lendingUS$529.89m27 rounds · 11 companies
BanksUS$520.04m16 rounds · 6 companies
Asset managementUS$504.18m47 rounds · 22 companies
Insurance carriersUS$359.00m10 rounds · 8 companies
Service providers to banksUS$153.11m36 rounds · 16 companies
Corporate activity · last 24 months

M&A in India

509Acquisition
51Merger
4Announced

Most active acquirers

  1. Na16
  2. Sbi mutual fund16
  3. Life insurance corporation of india12
  4. Authum investment & infrastructure12
  5. Corient10

Most acquired or merged

  1. Yes bank18
  2. Sammaan Capital13
  3. Rbl bank11
  4. Nuvama Wealth Management9
  5. Shriram finance8

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

Go deeper in the financial services landscape reports:

Financial Services Industry Landscape of India

Financial services funding in Kerala

4 financial services companies in Kerala have recorded equity funding, US$167.15m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Kerala

Meet the people behind financial services companies in Kerala. 69 of 228 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Kerala financial services companies by sub-sector

The most common specialisations among financial services companies in Kerala. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring financial services in India and nearby markets.

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