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
The Madhya Pradesh edition · 2026
Madhya Pradesh · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)Financial servicescompanies in Madhya Pradesh
Loans & NBFCs, banks, investment & brokers, accounting & tax, insurance and more: the companies building financial services in Madhya Pradesh, with their founders, funding, team size and business models.
148 company profiles30 with reported revenue1 with recorded fundingOctober 2026 edition
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: 564 M&A deals · 260 funding rounds · 214 Contracts · 140 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.
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
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
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
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
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
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
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 acquires Jana small finance bank
Under the SPA the acquisition is expected to be completed within three months from May 18 TVS Motor Company, on Monday, May 18, said it will acquire a 4.9% stake in Jana Small Finance…
Financial Services
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 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
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
The company will also construct residential apartments for Canara Bank in Punkunnam, Thrissur, with a project value of approximately ₹7.46 crore.
Residential Real Estate
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 Madhya Pradesh, by revenue
Browse financial services companies in Madhya Pradesh by reported revenue, one-year revenue growth, revenue model, age and stage. The 30 companies below are the largest by their most recent reported revenue among 30 financial services companies in Madhya Pradesh that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.
Provider of kiosk banking services and related financial service solutions
Service providers to banks₹235.23 crFY 2024-25
+12%2024–2025
—Not available
2 yr2024
0none in 3 months
Business facts
- Revenue
- ₹235.23 cr · FY 2024-25
- Revenue growth
- +12% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Banking correspondents
Revenue over time
₹235.23 cr in FY24-25 · net ₹6.24 cr · +4213% since FY2014
Filed standalone accounts · Nict Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of investment services and trading platforms
Brokers and dealers₹180.90 crFY 2024-25
-31%2024–2025
13LinkedIn · Jul 2026
27 yr1999
0none in 3 months
Consumer
Business facts
- Revenue
- ₹180.90 cr · FY 2024-25
- Revenue growth
- -31% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1999 · about 27 years old
- Stage
- Unfunded
- Focus
- Full service, Stock brokers
Revenue over time
₹179.10 cr in FY24-25 · net ₹127.50 cr · +2522% since FY2018
Filed standalone accounts · Vijit Global Securities Private LimitedTeam & hiring signals
LinkedIn headcount1311-50
LinkedIn followers187
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of non banking financial institutional services
Consumer and sme loans₹88.61 crFY 2022-23
Not reported
1,659-19% 12 mo to Mar 2023LinkedIn · Oct 2026
34 yr1992
—No postings tracked
Business facts
- Revenue
- ₹88.61 cr · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 658 (previous snapshot 970)
- Recorded funding
- None recorded
- Founded
- 1992 · about 34 years old
- Stage
- Public
- Focus
- Diversified
Revenue over time
₹135.36 cr in FY24-25 · +218% since FY2018
Filed consolidated accounts · Swastika Investmart LimitedLeadership · 1
Sunil NyatiCEO & Managing Director
Team & hiring signals
LinkedIn headcount1,659501-1,000
LinkedIn followers23,279
Earlier recorded team6582023, a different source
LinkedIn page Mobile apps
- Swastika Stocks, InvestmentsFinance · 376,525 installs · ★ 4.1 · updated 2026-05-29
- eKYC Swastika (Old)Productivity · 130,006 installs · updated 2024-03-19
- JARVIS Swastika CRMBusiness · 49,299 installs · updated 2026-05-29
Technology
AWS
Angular
TypeScript
Cloudflare
Mixpanel
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of life, health, general, and other insurance brokerage services
Insurance distribution₹52.28 crFY 2024-25
+151%2024–2025
—Not available
10 yr2016
0none in 3 months
Business facts
- Revenue
- ₹52.28 cr · FY 2024-25
- Revenue growth
- +151% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2016 · about 10 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹52.28 cr in FY24-25 · net ₹1.38 cr · +41882% since FY2018
Filed standalone accounts · Notion Insurance Broker Private LimitedLeadership · 1
Bharat ShrivastavaCEO
Technology
jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of business accounting software that offers a range of features and add-ons to help small and medium-sized enterprises
Financial news portals and data aggregators₹47.14 crFY 2022-23
Not reported
756+46% 12 mo to Sep 2024recorded Sep 2024
5 yr2021
—No postings tracked
Business facts
- Revenue
- ₹47.14 cr · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Subscription
- Team size
- 756
- Recorded funding
- None recorded
- Founded
- 2021 · about 5 years old
- Stage
- Unfunded
- Focus
- Diversified, Financial databases
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Afford Motors | Homepage
Service providers to banks₹12.03 crFY 2024-25
+8%2024–2025
44LinkedIn · Jul 2026
19 yr2007
0none in 3 months
Business facts
- Revenue
- ₹12.03 cr · FY 2024-25
- Revenue growth
- +8% · 2024–2025
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2007 · about 19 years old
- Stage
- Unfunded
- Focus
- Debt collection and recovery, Debt management, Non-performing assets management
Revenue over time
₹12.03 cr in FY24-25 · net ₹27.26 lakh · +89% since FY2018
Filed standalone accounts · Afford Motors India Private LimitedTeam & hiring signals
LinkedIn headcount44201-500
LinkedIn followers44
LinkedIn page Mobile apps
- Loan RecoveryFinance · 2,282 installs · updated 2024-07-23
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Corporate financing and strategic advisory firm
Investment banks₹11.46 crFY 2024-25
+22%2024–2025
1-14% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months
Business facts
- Revenue
- ₹11.46 cr · FY 2024-25
- Revenue growth
- +22% · 2024–2025
- Revenue model
- Fee-for-service
- Team size
- 6
- Recorded funding
- None recorded
- Founded
- 2015 · about 11 years old
- Stage
- Unfunded
- Focus
- Ibs, Diversified
Revenue over time
₹11.29 cr in FY24-25 · net ₹63.90 lakh · +400% since FY2018
Filed standalone accounts · Swan Finance LimitedFounders · 2
Pramod SarafCo-Founder & Director
- Highest education
- Cfa Institute
- Location
- Indore, Madhya Pradesh, India
- Current company
- Swan Invest
BP InaniCo Founder
- Highest education
- University of Rajasthan
- Location
- Indore, Madhya Pradesh, India
- Current company
- Swan Angel Network
Team & hiring signals
LinkedIn headcount111-50
LinkedIn followers634
Earlier recorded team62024, a different source
LinkedIn page Technology
Nginx
Bootstrap- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
App-based investment and trading platform
Asset management₹5.66 crFY 2021-22
Not reported
—Not available
34 yr1992
—No postings tracked
Consumer
Business facts
- Revenue
- ₹5.66 cr · FY 2021-22
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Subscription
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1992 · about 34 years old
- Stage
- Funding Raised
- Focus
- Diversified, Online trading platforms, Stocks, Regular trading
Revenue over time
₹8.72 cr in FY24-25 · net ₹2.21 cr · +72% since FY2018
Filed standalone accounts · Kalpataru Multiplier Limited (matched by legal name)Leadership · 2
Amitabh Manya JainManaging Director
Aditya Manya JainCEO
Mobile apps
- Kalpataru Share TradingFinance · 9,071 installs · updated 2026-02-21
- Kalpataru Share TradeFinance · 1,914 installs · updated 2026-05-25
- Kalpataru MutualFundFinance · 43 installs · updated 2026-04-29
Technology
React
Next.js
Node.js- Bootstrap
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Online marketplace for consumer & business loans
Consumer and sme loans₹6.22 crFY 2024-25
+52%2024–2025
48+29% 12 mo to Jun 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months
ConsumerMarketplace
Business facts
- Revenue
- ₹6.22 cr · FY 2024-25
- Revenue growth
- +52% · 2024–2025
- Revenue model
- Commission on transaction, Lending
- Team size
- 54
- Recorded funding
- US$990k · Series A · Apr 2020
- Founded
- 2016 · about 10 years old
- Stage
- Series A
- Focus
- Online lenders, Diversified, Marketplace
Revenue over time
₹6.22 cr in FY24-25 · net ₹24.39 lakh · +781% since FY2018
Filed standalone accounts · Recapita Finance Private LimitedFounders · 1
Amit JainFounder & Managing Director
- Highest education
- Accountancy · The Institute Of Chartered Accountants Of India
- Location
- Mumbai, Maharashtra, India
- Current company
- Recapita Finance
Investors · 1
ShremFund
Team & hiring signals
LinkedIn headcount4851-200
LinkedIn followers2,830
Earlier recorded team542024, a different source
LinkedIn page Recent company signals
- Expansion inauguration of a new branch of Recapita Finance in Dewas
Technology
- Cloudflare
Webflow- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of agricultural, educational, and other loan services
Consumer and sme loans₹4.72 crFY 2021-22
Not reported
139-10% 12 mo to Aug 2024recorded Aug 2024
30 yr1996
—No postings tracked
Business facts
- Revenue
- ₹4.72 cr · FY 2021-22
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 139
- Recorded funding
- None recorded
- Founded
- 1996 · about 30 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹43.12 lakh in FY24-25 · net −₹8.44 cr · -96% since FY2018
Filed standalone accounts · A.B.Leasing And Finance LimitedTechnology
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Stock brokerage firm
Brokers and dealers₹4.38 crFY 2022-23
Not reported
3recorded
34 yr1992
—No postings tracked
Business facts
- Revenue
- ₹4.38 cr · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, E-commerce - product, Physical commerce
- Team size
- 3
- Recorded funding
- None recorded
- Founded
- 1992 · about 34 years old
- Stage
- Public
- Focus
- Full service, Stock brokers
Revenue over time
₹2.56 cr in FY24-25 · net ₹18.42 lakh · +165% since FY2018
Filed standalone accounts · Amit Securities Limited (matched by legal name)Leadership · 1
Hemant SharmaManaging Director
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Manufacturer of electronic building blocks for educational and creative purposes
Registrar and transfer agents₹4.04 crFY 2022-23
Not reported
6+10% 12 mo to Mar 2023LinkedIn · Oct 2026
41 yr1985
0none in 3 months
Business facts
- Revenue
- ₹4.04 cr · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 11
- Recorded funding
- None recorded
- Founded
- 1985 · about 41 years old
- Stage
- Unfunded
- Focus
- For listed companies
Revenue over time
₹4.07 cr in FY23-24 · net ₹1.90 lakh · -90% since FY2019
Filed standalone accounts · Sarthak Global LimitedTeam & hiring signals
LinkedIn headcount6
LinkedIn followers7
Earlier recorded team112023, a different source
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of home, business, and mortgage loan services
Service providers to banks₹3.43 crFY 2024-25
+15%2024–2025
5+50% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months
Consumer
Business facts
- Revenue
- ₹3.43 cr · FY 2024-25
- Revenue growth
- +15% · 2024–2025
- Revenue model
- Commission on transaction, Lending
- Team size
- 3
- Recorded funding
- None recorded
- Founded
- 2009 · about 17 years old
- Stage
- Unfunded
- Focus
- Mortgage guarantee
Revenue over time
₹3.43 cr in FY24-25 · net ₹21.95 lakh · +419% since FY2017
Filed standalone accounts · Moksha Financial Services Private LimitedFounders · 1
Gaurav AgrawalCo-Founder
Team & hiring signals
LinkedIn headcount5
LinkedIn followers223
Earlier recorded team32024, a different source
LinkedIn page Technology
- Cloudflare
- Bootstrap
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Company provides insurance brokerage services
Insurance distribution₹3.29 crFY 2024-25
+20%2024–2025
26LinkedIn · Jul 2026
23 yr2003
0none in 3 months
Business facts
- Revenue
- ₹3.29 cr · FY 2024-25
- Revenue growth
- +20% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2003 · about 23 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹3.29 cr in FY24-25 · net ₹14.23 lakh · +209% since FY2018
Filed standalone accounts · Le Dieu Insurance Brokers Private LimitedFounders · 1
Amit RupalFounder & CEO
- Highest education
- Shri G S Institute of Technology & Science
- Location
- Delhi, India
- Current company
- Le Dieu Insurance Brokers Pvt Ltd
Team & hiring signals
LinkedIn headcount2611-50
LinkedIn followers234
LinkedIn page Technology
PHP
MySQL- Nginx
WordPress
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of aadhaar & banking kiosk centers and technical support services for operators, both online and offline
Financial services industry associations₹2.39 crFY 2023-24
+53%2023–2024
—Not available
9 yr2017
0none in 3 months
Business facts
- Revenue
- ₹2.39 cr · FY 2023-24
- Revenue growth
- +53% · 2023–2024
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2017 · about 9 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹2.39 cr in FY23-24 · net ₹12.60 lakh · +53% since FY2023
Filed standalone accounts · Sutirth Multi Services Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of investment advisory services
Asset management₹1.81 crFY 2024-25
+380%2024–2025
36LinkedIn · Jul 2026
9 yr2017
0none in 3 months
Business facts
- Revenue
- ₹1.81 cr · FY 2024-25
- Revenue growth
- +380% · 2024–2025
- Revenue model
- Commission on transaction, E-commerce - service, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2017 · about 9 years old
- Stage
- Unfunded
- Focus
- Financial advisors
Revenue over time
₹1.81 cr in FY24-25 · net ₹0.78 lakh · +74119% since FY2018
Filed standalone accounts · Ideal Stock Advisory Private LimitedTeam & hiring signals
LinkedIn headcount3611-50
LinkedIn followers240
LinkedIn page Technology
- PHP
- Cloudflare
- Bootstrap
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of vehicle financing solutions
Consumer and sme loans₹1.27 crFY 2023-24
-10%2023–2024
5recorded
37 yr1989
0none in 3 months
Business facts
- Revenue
- ₹1.27 cr · FY 2023-24
- Revenue growth
- -10% · 2023–2024
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 5
- Recorded funding
- None recorded
- Founded
- 1989 · about 37 years old
- Stage
- Public
- Focus
- Consumer loans, Auto loans
Revenue over time
₹1.27 cr in FY23-24 · +29% since FY2019
Filed consolidated accounts · Anjani Finance LimitedLeadership · 1
Sanjay AgarwalManaging Director
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Investment banking advisory firm
Asset management₹1.05 crFY 2024-25
-37%2024–2025
13LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jul 2026
Business facts
- Revenue
- ₹1.05 cr · FY 2024-25
- Revenue growth
- -37% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2008 · about 18 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹1.05 cr in FY24-25 · net ₹4.15 lakh · +393% since FY2018
Filed standalone accounts · Vsp Consultants Private LimitedFounders · 1
Vishnu GuptaFounder & CEO
- Location
- Indore, Madhya Pradesh, India
- Current company
- VSP Consultants
Team & hiring signals
LinkedIn headcount132-10
LinkedIn followers2,470
Open roles5of 5 tracked · last posted Jul 2026
- Hiring: Process Coordinator · Indore, Madhya Pradesh
- Hiring: Executive Assistant to Chief Executive Officer · Indore, Madhya Pradesh
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of personal and business insurance brokerage services
Insurance distribution₹96.21 lakhFY 2024-25
Not reported
10LinkedIn · Jul 2026
7 yr2019
0none in 3 months
Business facts
- Revenue
- ₹96.21 lakh · FY 2024-25
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2019 · about 7 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹96.21 lakh in FY24-25 · net ₹17.80 lakh · +288% since FY2021
Filed standalone accounts · Hamara Bima Insurance Brokers Private LimitedTeam & hiring signals
LinkedIn headcount1051-200
LinkedIn followers231
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of insurance plans, mutual funds, bonds, fixed deposits, and loans
Insurance carriers₹63.96 lakhFY 2024-25
+68%2024–2025
—Not available
5 yr2021
0none in 3 months
Consumer
Business facts
- Revenue
- ₹63.96 lakh · FY 2024-25
- Revenue growth
- +68% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2021 · about 5 years old
- Stage
- Unfunded
- Focus
- Internet first insurers, Diversified, Usage-based
Revenue over time
₹63.96 lakh in FY24-25 · net ₹1.74 lakh · +926% since FY2022
Filed standalone accounts · Money Empire Online Private LimitedMobile apps
- Money EmpireFinance · 6,284 installs · updated 2026-05-12
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Private equity firm specializing in high growth technology and related companies seeking capital and expertise for global scaling
Financial news portals and data aggregators₹63.24 lakhFY 2024-25
+11%2024–2025
—Not available
4 yr2022
0none in 3 months
Business facts
- Revenue
- ₹63.24 lakh · FY 2024-25
- Revenue growth
- +11% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2022 · about 4 years old
- Stage
- Unfunded
- Focus
- Financial databases, Private company data
Revenue over time
₹63.24 lakh in FY24-25 · net −₹22.95 lakh · +12705% since FY2023
Filed standalone accounts · Riverwood Capital Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Sanchay Finvest Limited – Maximize your wealth with us
Brokers and dealers₹62.46 lakhFY 2024-25
-4%2024–2025
—Not available
4 yr2022
0none in 3 months
Business facts
- Revenue
- ₹62.46 lakh · FY 2024-25
- Revenue growth
- -4% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2022 · about 4 years old
- Stage
- Unfunded
- Focus
- Full service, Stock brokers
Revenue over time
₹62.46 lakh in FY24-25 · net −₹31.95 lakh · -4% since FY2017
Filed standalone accounts · Sanchay Finvest LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of hospital insurance management services
Insurance distribution₹34.39 lakhFY 2024-25
-30%2024–2025
8LinkedIn · Jul 2026
14 yr2012
0none in 3 months
Business facts
- Revenue
- ₹34.39 lakh · FY 2024-25
- Revenue growth
- -30% · 2024–2025
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2012 · about 14 years old
- Stage
- Unfunded
- Focus
- Bpo, Diversified
Revenue over time
₹34.39 lakh in FY24-25 · net ₹0.33 lakh · -56% since FY2018
Filed standalone accounts · Metro Zone Health Services (India) Private LimitedFounders · 1
Rajnish JaiswalFounder Medical Doctor and Chief Executive Officer
- Location
- India
- Current company
- METROXONE VENTURES (INDIA) PVT LTD
Team & hiring signals
LinkedIn headcount851-200
LinkedIn followers172
LinkedIn page Technology
- Bootstrap
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Diversified investment management firm
Asset management₹23.78 lakhFY 2022-23
Not reported
7+0% 12 mo to Mar 2023recorded Mar 2023
44 yr1982
—No postings tracked
Business facts
- Revenue
- ₹23.78 lakh · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 7
- Recorded funding
- None recorded
- Founded
- 1982 · about 44 years old
- Stage
- Public
- Focus
- Diversified
Revenue over time
₹34.87 lakh in FY23-24 · net −₹7.39 lakh · -40% since FY2017
Filed standalone accounts · Rajkot Investment Trust Limited (matched by legal name)Leadership · 1
Nishant NyatiManaging Director
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Corporate Direct Selling Agent facilitating various loan products and financial solutions
Consumer and sme loans₹20.96 lakhFY 2024-25
-98%2024–2025
—Not available
5 yr2021
0none in 3 months
Business facts
- Revenue
- ₹20.96 lakh · FY 2024-25
- Revenue growth
- -98% · 2024–2025
- Revenue model
- Commission on transaction, Lending
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2021 · about 5 years old
- Stage
- Unfunded
- Focus
- Diversified, Sme loans
Revenue over time
₹20.96 lakh in FY24-25 · net ₹0.75 lakh · -96% since FY2023
Filed standalone accounts · Parker's Consulting & Ventures Private LimitedTechnology
- PHP
- MySQL
- Cloudflare
- WordPress
- Bootstrap
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of application development services
It servicesFY 2024-25
2024–2025
39+70% vs previous recordLinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jan 2026
Business facts
- Revenue
- · FY 2024-25
- Revenue growth
- · 2024–2025
- Revenue model
- E-commerce - service
- Team size
- 75 (previous snapshot 44)
- Recorded funding
- None recorded
- Founded
- 2015 · about 11 years old
- Stage
- Unfunded
- Focus
- Application development, Banking correspondents, Full service marketing agency, Horizontal
Revenue over time
in FY24-25 · net · since FY2020
Filed standalone accounts · Aryu Digital Media Private LimitedFounders · 2
Surendra SahuCo-Founder & CEO
- Highest education
- Master's of Business Administration · People
- Location
- Bengaluru, Karnataka, India
- Current company
- ARYUPAY
Rajendra SahuCo-Founder & CSO
Team & hiring signals
LinkedIn headcount39501-1,000
LinkedIn followers3,887
Open roles2of 4 tracked · last posted Jan 2026
- Hiring: HR Manager · Bhopal (M.P) & Bangalore (K.A)
Technology
- PHP
Laravel- Cloudflare
- Bootstrap
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of consumer and SME loans
Consumer and sme loansFY 2021-22
Not reported
—Not available
32 yr1994
—No postings tracked
Business facts
- Revenue
- · FY 2021-22
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1994 · about 32 years old
- Stage
- Unfunded
- Focus
- Diversified
Founders · 4
Archana JainCo-Founder
Munna Lal JainCo-Founder
Sanjeev Kumar JainCo-Founder
Babita JainCo-Founder
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of vehicle, business, gold, and loan services for their members
Consumer and sme loansFY 2022-23
Not reported
—Not available
7 yr2019
0none in 3 months
Business facts
- Revenue
- · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2019 · about 7 years old
- Stage
- Unfunded
- Focus
- Diversified, Cooperatives
Revenue over time
in FY22-23 · net · since FY2020
Filed standalone accounts · Vasundhara Aarthik Nidhi LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of financial services
Service providers to banksFY 2024-25
2024–2025
—Not available
7 yr2019
0none in 3 months
Business facts
- Revenue
- · FY 2024-25
- Revenue growth
- · 2024–2025
- Revenue model
- Commission on transaction, Subscription
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2019 · about 7 years old
- Stage
- Unfunded
- Focus
- Banking correspondents
Revenue over time
in FY24-25 · net · since FY2021
Filed standalone accounts · Intrust Financial Services (India) Private LimitedTechnology
- PHP
- Laravel
- Nginx
- Cloudflare
Tailwind CSS
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Provider of loan brokerage services
Service providers to banksFY 2024-25
2024–2025
17LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted May 2026
Business facts
- Revenue
- · FY 2024-25
- Revenue growth
- · 2024–2025
- Revenue model
- Commission on transaction, Lending
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2017 · about 9 years old
- Stage
- Unfunded
- Focus
- Business loans, Consumer loans, Credit brokers, Direct lender
Revenue over time
in FY24-25 · net · since FY2022
Filed standalone accounts · Rokadaa Consulting Private LimitedFounders · 1
Himanshu TiwariFounder
- Highest education
- Master's of business administration in marketing · Lakshmi Narayan College Of Technology, Sanwar Road, Indore
Team & hiring signals
LinkedIn headcount1711-50
LinkedIn followers1,098
Open roles3of 5 tracked · last posted May 2026
- Hiring: Relationship Manager – Partnerships · Indore (On-Site)
- Hiring: Sales Manager – Partnerships · Indore
- Hiring: Channel Sales Executive · Indore, Madhya Pradesh
Recent company signals
- Milestone 1,00,000+ customers
Technology
- PHP
- MySQL
- WordPress
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
No matching company in this list.
30 of 148 companies shown here · the full list is on Radar
Fliar Radar
Explore all 148 financial services companies in Madhya Pradesh on Radar
This page shows the top 30. Radar has the complete, filterable list with contacts and live company signals.
Open financial services in Madhya Pradesh on Radar- Every company, not just 50All 148 financial services companies in Madhya Pradesh, 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.
- Save and exportBuild lists, compare companies side by side and export them from your Radar account.
Explore financial services companies in Madhya Pradesh by what you are looking for
Browse the top financial services companies in Madhya Pradesh, from banks and NBFC lenders to brokers, insurance distributors and accounting firms. You can also find financial services startups in Madhya Pradesh and companies that are hiring.
8 ways to explore financial services in Madhya Pradesh
Loan providers, NBFCs & finance companiesBanks & co-operative banksStock brokers, investment advisors & asset managersAccounting, tax & audit service firmsInsurance brokers & insurance service providersListed financial services companies in Madhya Pradesh
Loan providers, NBFCs & finance companies
Lenders offering consumer, vehicle, business and microfinance loans.
Admanum FinanceWebsiteCommmercial vehicle finance
Asset finance- Swan FinanceSee in list
Corporate financing and strategic advisory firm
Investment banks - Recapita FinanceSee in list
Online marketplace for consumer & business loans
Consumer and sme loans - AB LEASING AND FINANCESee in list
Provider of agricultural, educational, and other loan services
Consumer and sme loans - ANJANI FINANCESee in list
Provider of vehicle financing solutions
Consumer and sme loans
26 companies in Madhya PradeshAll 912 consumer and sme loans companies in India →
Banks & co-operative banks
Commercial and urban co-operative banks and banking service providers.
- Nict TechnologiesSee in list
Provider of kiosk banking services and related financial service solutions
Service providers to banks - Afford MotorsSee in list
Afford Motors | Homepage
Service providers to banks - Moksha Financial ServicesSee in list
Provider of home, business, and mortgage loan services
Service providers to banks - AryuPay TechnologiesSee in list
Provider of application development services
It services - Intrust Financial IndiaSee in list
Provider of financial services
Service providers to banks
19 companies in Madhya PradeshAll 281 banks companies in India →
Stock brokers, investment advisors & asset managers
Brokerages, wealth managers and investment advisory firms.
- Vijit Global SecuritiesSee in list
Provider of investment services and trading platforms
Brokers and dealers - Busy Software SolutionSee in list
Provider of business accounting software that offers a range of features and add-ons to help small and medium-sized enterprises
Financial news portals and data aggregators 
Indo ThaiWebsiteMulti-asset trading platform for individuals
Brokers and dealers- Kalpataru MultiplierSee in list
App-based investment and trading platform
Asset management - Amit SecuritiesSee in list
Stock brokerage firm
Brokers and dealers
49 companies in Madhya PradeshAll 957 asset management companies in India →
Accounting, tax & audit service firms
Chartered accountants and firms for GST, income tax, audit and company setup.
- AryuPay TechnologiesSee in list
Provider of application development services
It services 
CA Ravi MishraWebsiteOnlinr platform for firm specializing in GST registration, income tax return filing, auditing, accounting, and financial consultancy
Finance & accounting services
Anand Saklecha & CoWebsiteProvider of internal system audit, accounting, direct taxation, and project finance
Finance & accounting services
Barrister BabuWebsiteProvider of legal, accounting, tax, and auditing services
Finance & accounting services
TaxesWaxesWebsiteProvider of business setup services, accounting, taxation, secretarial services, and management consulting
Finance & accounting services
33 companies in Madhya PradeshAll 63 marketing services companies in Madhya Pradesh →
Insurance brokers & insurance service providers
Insurance brokers, agents and claims support services.
- Notion Insurance BrokerSee in list
Provider of life, health, general, and other insurance brokerage services
Insurance distribution - Le Dieu Insurance BrokersSee in list
Company provides insurance brokerage services
Insurance distribution - Hamara Bima Insurance brokersSee in list
Provider of personal and business insurance brokerage services
Insurance distribution - Money EmpireSee in list
Provider of insurance plans, mutual funds, bonds, fixed deposits, and loans
Insurance carriers - Metro Zone Health Services ( India )See in list
Provider of hospital insurance management services
Insurance distribution
15 companies in Madhya PradeshAll 351 insurance distribution companies in India →
Listed financial services companies in Madhya Pradesh
Publicly listed financial services companies in Madhya Pradesh.
- SwastikaSee in list
Provider of non banking financial institutional services
Consumer and sme loans - Indo ThaiWebsite
Multi-asset trading platform for individuals
Brokers and dealers - Admanum FinanceWebsite
Commmercial vehicle finance
Asset finance - Amit SecuritiesSee in list
Stock brokerage firm
Brokers and dealers - ANJANI FINANCESee in list
Provider of vehicle financing solutions
Consumer and sme loans
9 companies in Madhya Pradesh
Financial services startups in Madhya Pradesh
Newer financial services companies founded in the last few years.
- Busy Software SolutionSee in list
Provider of business accounting software that offers a range of features and add-ons to help small and medium-sized enterprises
Financial news portals and data aggregators - Money EmpireSee in list
Provider of insurance plans, mutual funds, bonds, fixed deposits, and loans
Insurance carriers - Riverwood CapitalSee in list
Private equity firm specializing in high growth technology and related companies seeking capital and expertise for global scaling
Financial news portals and data aggregators - Parkers ConsultingsSee in list
Corporate Direct Selling Agent facilitating various loan products and financial solutions
Consumer and sme loans 
ARCSS IndiaWebsiteProvider of insurance brokerage services
Insurance distribution
33 companies in Madhya Pradesh
Financial services companies hiring in Madhya Pradesh
Financial services companies with open roles right now.
- Indo ThaiWebsite
Multi-asset trading platform for individuals
Brokers and dealers - VSP ConsultantsSee in list
Investment banking advisory firm
Asset management - AryuPay TechnologiesSee in list
Provider of application development services
It services - RokaddaSee in list
Provider of loan brokerage services
Service providers to banks
4 companies in Madhya Pradesh
Mobile reach
Top 10 financial services apps from Madhya Pradesh
The most-installed Android apps published by financial services companies headquartered in Madhya Pradesh — 442K installs between them. 11 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
1 of 10
Installs377K
Rating4.112K ratings
Installs, year on year+18%
Last updatedMay 2026
Legal entitySWASTIKA INVESTMART LIMITED
View on Google Play ↗CIN L65910MH1992PLC067052
Installs21K
Rating—
Last updatedFeb 2024
Legal entityVIKRAM RAVINDRA SHETTYdeclared on Google Play
View on Google Play ↗
Installs14K
Rating—
Last updatedFeb 2023
Legal entityScofit Fintech Services Private Limiteddeclared on Google Play
View on Google Play ↗
Installs9K
Rating—
Last updatedFeb 2026
Legal entityKALPATARU MULTIPLIER LIMITED
View on Google Play ↗CIN U67120MP1996PLC010773filed accounts
Installs8K
Rating—
Last updatedMar 2026
Legal entitySMRITI NAGRIK SAHAKARI BANK MARYADITdeclared on Google Play
View on Google Play ↗
Installs6K
Rating—
Last updatedMay 2026
Legal entityMONEY EMPIRE ONLINE PRIVATE LIMITED
View on Google Play ↗CIN U67190MP2021PTC056474
Installs5K
Rating—
Last updatedMay 2025
Legal entityINDO THAI SECURITIES LIMITED
View on Google Play ↗CIN L66120MP1995PLC008959
Installs2K
Rating—
Last updatedJul 2024
Legal entityAFFORD MOTORS INDIA PRIVATE LIMITED
View on Google Play ↗CIN U50100MP2007PTC019186
Installs138
Rating—
Last updatedApr 2025
Legal entityASTRO DUNIAdeclared on Google Play
View on Google Play ↗
Installs126
Rating—
Last updatedMar 2026
Legal entityNEENA GUPTAdeclared on Google Play
View on Google Play ↗
The business behind the activity
Financial services financials in Madhya Pradesh
Revenue, profit and growth from the filed annual accounts of 27 financial services companies in Madhya Pradesh for FY24-25 — 35 of the 148 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 92% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹530.20 cr
27 companies filing accounts
combined net profit₹132.10 cr
24.9% aggregate margin
are profitable78%
21 of 27 companies
median revenue~₹1.1 cr
the typical company
median revenue growth+19%
into FY24-25
earned by the top five92%
revenue concentration
Six-year view
Combined revenue of filing companies
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
+182%The same 23 companies over three years
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 cr1354% profitable
₹1–10 cr9100% profitable
₹10–100 cr3100% 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
26 companies with accounts for both years; median growth +19%.
Profitability
Profit is concentrated at the top
21profitable
6loss-making
24.9%aggregate margin
2.7%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
| Company | Growth | Revenue |
|---|---|---|
| Notion Insurance BrokerNOTION INSURANCE BROKER PRIVATE LIMITED | +151% | ₹52.28 cr |
| Swan FinanceSWAN FINANCE LIMITED | +21% | ₹11.29 cr |
| Nict TechnologiesNICT TECHNOLOGIES PRIVATE LIMITED | +12% | ₹235.23 cr |
| Afford MotorsAFFORD MOTORS INDIA PRIVATE LIMITED | +8% | ₹12.03 cr |
| Vijit Global SecuritiesVIJIT GLOBAL SECURITIES PRIVATE LIMITED | -30% | ₹179.10 cr |
Profit leaders · ₹10 cr+ revenue
Highest net margins, FY24-25
| Company | Margin | Revenue |
|---|---|---|
| Vijit Global SecuritiesVIJIT GLOBAL SECURITIES PRIVATE LIMITED | 71.2% | ₹179.10 cr |
| Swan FinanceSWAN FINANCE LIMITED | 5.7% | ₹11.29 cr |
| Nict TechnologiesNICT TECHNOLOGIES PRIVATE LIMITED | 2.7% | ₹235.23 cr |
| Notion Insurance BrokerNOTION INSURANCE BROKER PRIVATE LIMITED | 2.6% | ₹52.28 cr |
| Afford MotorsAFFORD MOTORS INDIA PRIVATE LIMITED | 2.3% | ₹12.03 cr |
Inside the industry
Sub-sectors compared, FY24-25
| Sub-sector | Companies | Revenue | Median revenue | Profitable | Margin |
|---|---|---|---|---|---|
| Service providers to banks | 5 | ₹250.81 cr | ~₹3.4 cr | 80% | 2.7% |
| Insurance distribution | 5 | ₹57.08 cr | ~₹96 lakh | 80% | 2.3% |
Leaders
Largest financial services companies by revenue, FY24-25
| Company · legal entity | Revenue | Net result | Margin | Growth |
|---|---|---|---|---|
| Nict TechnologiesNICT TECHNOLOGIES PRIVATE LIMITED | ₹235.23 cr | ₹6.24 cr | 2.7% | +12% |
| Vijit Global SecuritiesVIJIT GLOBAL SECURITIES PRIVATE LIMITED | ₹179.10 cr | ₹127.50 cr | 71.2% | -30% |
| Notion Insurance BrokerNOTION INSURANCE BROKER PRIVATE LIMITED | ₹52.28 cr | ₹1.38 cr | 2.6% | +151% |
| Afford MotorsAFFORD MOTORS INDIA PRIVATE LIMITED | ₹12.03 cr | ₹27.26 lakh | 2.3% | +8% |
| Swan FinanceSWAN FINANCE LIMITED | ₹11.29 cr | ₹63.90 lakh | 5.7% | +21% |
| Kalpataru MultiplierKALPATARU MULTIPLIER LIMITED | ₹8.72 cr | ₹2.21 cr | 25.4% | +12% |
| Recapita FinanceRECAPITA FINANCE PRIVATE LIMITED | ₹6.22 cr | ₹24.39 lakh | 3.9% | +52% |
| FinventsFINVENTS NETWORK PRIVATE LIMITED | ₹3.34 lakh | 0.8% | +428% | |
| Moksha Financial ServicesMOKSHA FINANCIAL SERVICES PRIVATE LIMITED | ₹3.43 cr | ₹21.95 lakh | 6.4% | — |
| Le Dieu Insurance BrokersLE DIEU INSURANCE BROKERS PRIVATE LIMITED | ₹3.29 cr | ₹14.23 lakh | 4.3% | +20% |
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 Madhya Pradesh 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
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 Madhya Pradesh 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$7.49bn
432 rounds in India
M&A deals, India564
last 24 months
Capital by year
amount roundsEquity funding into financial services in India
Bars show US$ 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
Madhya Pradesh in context
Madhya Pradesh’s share of India’s financial services funding
Equity rounds over the last five years, 182 financial services companies in Madhya Pradesh among 9,984 in India.
Corporate activity · last 24 months
M&A in India
499Acquisition
52Merger
4Announced
Most active acquirers
- Na16
- Sbi mutual fund15
- Life insurance corporation of india12
- Authum investment & infrastructure12
- Corient11
Most acquired or merged
- Yes bank18
- Sammaan Capital13
- Rbl bank11
- Nuvama Wealth Management9
- 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 IndiaFounders and momentum in Madhya Pradesh
Meet the people behind financial services companies in Madhya Pradesh. 30 of 148 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Fastest revenue growth
Financial services companies in Madhya Pradesh with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Insurance distributionProvider of life, health, general, and other insurance brokerage services
Revenue growth · 2024–2025+151%Revenue ₹52.28 cr · FY 2024-25
Leadership · 1
Bharat ShrivastavaCEO
Consumer and sme loansOnline marketplace for consumer & business loans
Revenue growth · 2024–2025+52%Revenue ₹6.22 cr · FY 2024-25
Founder · 1
Amit Jain in ↗Founder & Managing Director
Investment banksCorporate financing and strategic advisory firm
Revenue growth · 2024–2025+22%Revenue ₹11.46 cr · FY 2024-25
Founders · 2
Pramod Saraf in ↗Co-Founder & Director
BP Inani in ↗Co Founder
Service providers to banksProvider of kiosk banking services and related financial service solutions
Revenue growth · 2024–2025+12%Revenue ₹235.23 cr · FY 2024-25
Founders
Details not available
Service providers to banksAfford Motors | Homepage
Revenue growth · 2024–2025+8%Revenue ₹12.03 cr · FY 2024-25
Founders
Details not available
Business facts
- Revenue
- ₹52.28 cr · FY 2024-25
- Revenue growth
- +151% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2016 · about 10 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹52.28 cr in FY24-25 · net ₹1.38 cr · +41882% since FY2018
Filed standalone accounts · Notion Insurance Broker Private LimitedLeadership · 1
Bharat ShrivastavaCEO
Technology
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
ConsumerMarketplace
Business facts
- Revenue
- ₹6.22 cr · FY 2024-25
- Revenue growth
- +52% · 2024–2025
- Revenue model
- Commission on transaction, Lending
- Team size
- 54
- Recorded funding
- US$990k · Series A · Apr 2020
- Founded
- 2016 · about 10 years old
- Stage
- Series A
- Focus
- Online lenders, Diversified, Marketplace
Revenue over time
₹6.22 cr in FY24-25 · net ₹24.39 lakh · +781% since FY2018
Filed standalone accounts · Recapita Finance Private LimitedFounders · 1
Amit JainFounder & Managing Director
- Highest education
- Accountancy · The Institute Of Chartered Accountants Of India
- Location
- Mumbai, Maharashtra, India
- Current company
- Recapita Finance
Investors · 1
- ShremFund
Team & hiring signals
LinkedIn headcount4851-200
LinkedIn followers2,830
Earlier recorded team542024, a different source
LinkedIn page Recent company signals
- Expansion inauguration of a new branch of Recapita Finance in Dewas
Technology
- Cloudflare
- Webflow
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹11.46 cr · FY 2024-25
- Revenue growth
- +22% · 2024–2025
- Revenue model
- Fee-for-service
- Team size
- 6
- Recorded funding
- None recorded
- Founded
- 2015 · about 11 years old
- Stage
- Unfunded
- Focus
- Ibs, Diversified
Revenue over time
₹11.29 cr in FY24-25 · net ₹63.90 lakh · +400% since FY2018
Filed standalone accounts · Swan Finance LimitedFounders · 2
Pramod SarafCo-Founder & Director
- Highest education
- Cfa Institute
- Location
- Indore, Madhya Pradesh, India
- Current company
- Swan Invest
BP InaniCo Founder
- Highest education
- University of Rajasthan
- Location
- Indore, Madhya Pradesh, India
- Current company
- Swan Angel Network
Team & hiring signals
LinkedIn headcount111-50
LinkedIn followers634
Earlier recorded team62024, a different source
LinkedIn page Technology
- Nginx
- Bootstrap
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹235.23 cr · FY 2024-25
- Revenue growth
- +12% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Banking correspondents
Revenue over time
₹235.23 cr in FY24-25 · net ₹6.24 cr · +4213% since FY2014
Filed standalone accounts · Nict Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹12.03 cr · FY 2024-25
- Revenue growth
- +8% · 2024–2025
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2007 · about 19 years old
- Stage
- Unfunded
- Focus
- Debt collection and recovery, Debt management, Non-performing assets management
Revenue over time
₹12.03 cr in FY24-25 · net ₹27.26 lakh · +89% since FY2018
Filed standalone accounts · Afford Motors India Private LimitedTeam & hiring signals
LinkedIn headcount44201-500
LinkedIn followers44
LinkedIn page Mobile apps
- Loan RecoveryFinance · 2,282 installs · updated 2024-07-23
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Recently founded
Financial services companies in Madhya Pradesh founded in the last four years, newest first.
Service providers to banksProvider of kiosk banking services and related financial service solutions
Founded2024Unfunded
Founders
Details not available
Asset managementProvider of insurance solutions and mutual fund services for clients
Founded2024Unfunded
Founder · 1
Pramod Selot in ↗Founder & CEO
Asset managementDiversified asset management firm
Founded2024Unfunded
Founder · 1
Mahesh PorwalFounder & MD
Asset managementAn asset management firm
Founded2024Unfunded
Founders
Details not available
Finance & accounting servicesProfessional services firm offering expertise in taxation, accounting, and business advisory services
Founded2024Unfunded
Founders
Details not available
Insurance carriersProvider of insurance services
Founded2023Unfunded
Founder · 1
Saurabh Porwal in ↗Founder
Insurance distributionProvider of insurance brokerage services
Founded2023Unfunded
Founders
Details not available
Finance & accounting servicesProvider of auditing and legal services
Founded2023Unfunded
Founders
Details not available
Financial services industry associationsFinancial services company providing a range of services including loans, such as home loans, car loans, and personal loans, to individuals and businesses
Founded2023Unfunded
Founders
Details not available
Services for investment industryProvider of investment services
Founded2023Unfunded
Founders
Details not available
Finance & accounting servicesProvider of accounting and tax services
Founded2023Unfunded
Founders
Details not available
Financial services industry associationsAssociation focused on bill payments and mobile recharge services
Founded2023Unfunded
Founders
Details not available
Business facts
- Revenue
- ₹235.23 cr · FY 2024-25
- Revenue growth
- +12% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Banking correspondents
Revenue over time
₹235.23 cr in FY24-25 · net ₹6.24 cr · +4213% since FY2014
Filed standalone accounts · Nict Technologies Private LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Diversified
Founders · 1
Pramod SelotFounder & CEO
- Location
- Indore, Madhya Pradesh, India
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Subscription
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Diversified
Founders · 1
Mahesh PorwalFounder & MD
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Subscription
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Accounting & payroll, Tax consultancy
Team & hiring signals
LinkedIn headcount351-200
LinkedIn followers62
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Advertising, Commission on transaction, E-commerce - service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2023 · about 3 years old
- Stage
- Unfunded
- Focus
- Diversified
Founders · 1
Saurabh PorwalFounder
- Location
- Indore, Madhya Pradesh, India
- Current company
- claimant mitra
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2023 · about 3 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2023 · about 3 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Lending
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2023 · about 3 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2023 · about 3 years old
- Stage
- Unfunded
- Focus
- Consultancy services, Diversified
Team & hiring signals
LinkedIn headcount22-10
LinkedIn followers372
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2023 · about 3 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Subscription
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2023 · about 3 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Most covered in the news
Companies with the most distinct news events in the last 24 months across the business press Fliar tracks.
Brokers and dealersStock brokerage firm
News events · last 24 months12Across tracked business press
Leadership · 1
Hemant SharmaManaging Director
Consumer and sme loansProvider of non banking financial institutional services
News events · last 24 months11Across tracked business press
Leadership · 1
Sunil NyatiCEO & Managing Director
Consumer and sme loansProvider of vehicle financing solutions
News events · last 24 months6Across tracked business press
Leadership · 1
Sanjay AgarwalManaging Director
Registrar and transfer agentsManufacturer of electronic building blocks for educational and creative purposes
News events · last 24 months6Across tracked business press
Founders
Details not available
Brokers and dealersMulti-asset trading platform for individuals
News events · last 24 months4Across tracked business press
Leadership · 1
Dhanpal DoshiCEO & Managing Director
Asset managementDiversified investment management firm
News events · last 24 months4Across tracked business press
Leadership · 1
Nishant NyatiManaging Director
Services for investment industrySiel Financial Services is an investment and finance company.
News events · last 24 months4Across tracked business press
Founders
Details not available
Consumer and sme loansProvider of business loans and other financial services
News events · last 24 months3Across tracked business press
Founders
Details not available
Business facts
- Revenue
- ₹4.38 cr · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, E-commerce - product, Physical commerce
- Team size
- 3
- Recorded funding
- None recorded
- Founded
- 1992 · about 34 years old
- Stage
- Public
- Focus
- Full service, Stock brokers
Revenue over time
₹2.56 cr in FY24-25 · net ₹18.42 lakh · +165% since FY2018
Filed standalone accounts · Amit Securities Limited (matched by legal name)Leadership · 1
Hemant SharmaManaging Director
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹88.61 cr · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 658 (previous snapshot 970)
- Recorded funding
- None recorded
- Founded
- 1992 · about 34 years old
- Stage
- Public
- Focus
- Diversified
Revenue over time
₹135.36 cr in FY24-25 · +218% since FY2018
Filed consolidated accounts · Swastika Investmart LimitedLeadership · 1
Sunil NyatiCEO & Managing Director
Team & hiring signals
LinkedIn headcount1,659501-1,000
LinkedIn followers23,279
Earlier recorded team6582023, a different source
LinkedIn page Mobile apps
- Swastika Stocks, InvestmentsFinance · 376,525 installs · ★ 4.1 · updated 2026-05-29
- eKYC Swastika (Old)Productivity · 130,006 installs · updated 2024-03-19
- JARVIS Swastika CRMBusiness · 49,299 installs · updated 2026-05-29
Technology
- AWS
- Angular
- TypeScript
- Cloudflare
- Mixpanel
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹1.27 cr · FY 2023-24
- Revenue growth
- -10% · 2023–2024
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 5
- Recorded funding
- None recorded
- Founded
- 1989 · about 37 years old
- Stage
- Public
- Focus
- Consumer loans, Auto loans
Revenue over time
₹1.27 cr in FY23-24 · +29% since FY2019
Filed consolidated accounts · Anjani Finance LimitedLeadership · 1
Sanjay AgarwalManaging Director
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹4.04 cr · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 11
- Recorded funding
- None recorded
- Founded
- 1985 · about 41 years old
- Stage
- Unfunded
- Focus
- For listed companies
Revenue over time
₹4.07 cr in FY23-24 · net ₹1.90 lakh · -90% since FY2019
Filed standalone accounts · Sarthak Global LimitedTeam & hiring signals
LinkedIn headcount6
LinkedIn followers7
Earlier recorded team112023, a different source
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Consumer
Business facts
- Revenue
- ₹23.05 cr · FY 2020-21
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 58
- Recorded funding
- None recorded
- Founded
- 1995 · about 31 years old
- Stage
- Public
- Focus
- Stock brokers, Full service
Leadership · 1
Dhanpal DoshiCEO & Managing Director
Team & hiring signals
LinkedIn headcount9251-200
LinkedIn followers1,694
Earlier recorded team582023, a different source
Open roles1of 1 tracked · last posted Aug 2026
LinkedIn page Mobile apps
- WINSTOCK - Indo ThaiFinance · 4,892 installs · updated 2025-05-29
- Winvest - Mastering MF!Finance · 2,995 installs · updated 2026-05-11
Technology
- PHP
- MySQL
- Nginx
- WordPress
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹23.78 lakh · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 7
- Recorded funding
- None recorded
- Founded
- 1982 · about 44 years old
- Stage
- Public
- Focus
- Diversified
Revenue over time
₹34.87 lakh in FY23-24 · net −₹7.39 lakh · -40% since FY2017
Filed standalone accounts · Rajkot Investment Trust Limited (matched by legal name)Leadership · 1
Nishant NyatiManaging Director
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Lending
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1983 · about 43 years old
- Stage
- Public
- Focus
- Consultancy services, Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹24.19 lakh · FY 2018-19
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 7
- Recorded funding
- None recorded
- Founded
- 1994 · about 32 years old
- Stage
- Public
- Focus
- Sme loans, Diversified
Revenue over time
₹3.24 cr in FY24-25 · net ₹2.18 cr · +1868% since FY2016
Filed standalone accounts · Adcon Capital Services Limited (matched by legal name)Team & hiring signals
LinkedIn headcount4
LinkedIn followers3
Earlier recorded team72023, a different source
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Explore Madhya Pradesh financial services companies by sub-sector
The most common specialisations among financial services companies in Madhya Pradesh. Open a company to see what it sells, who runs it and how far it has come.
Asset management · 31
31 financial services companies in Madhya Pradesh work in asset management. Shown: the best-documented.
Asset managementInvestment banking advisory firm
Revenue₹1.05 crFY 2024-25
Founder · 1
Vishnu Gupta in ↗Founder & CEO
Asset managementDiversified investment management firm
Revenue₹23.78 lakhFY 2022-23
Leadership · 1
Nishant NyatiManaging Director
Asset managementApp-based investment and trading platform
Revenue₹5.66 crFY 2021-22
Leadership · 2
Amitabh Manya Jain in ↗Managing Director
Aditya Manya JainCEO
Asset managementProvider of investment advisory services
Revenue₹1.81 crFY 2024-25
Founders
Details not available
Asset managementProvider of insurance solutions and mutual fund services for clients
Revenue modelCommission on transaction / Fee-for-service
Founder · 1
Pramod Selot in ↗Founder & CEO
Asset managementDiversified asset management firm
Revenue modelCommission on transaction / Subscription
Founder · 1
Mahesh PorwalFounder & MD
Asset managementProvider of investment management and financial services
Revenue modelCommission on transaction / Lending
Founder · 1
Sumit TongiaChief Executive Officer and Founder
Asset managementProvider of financial advisory services
Revenue modelCommission on transaction / E-commerce - service
Founders
Details not available
Asset managementAn asset management firm
Revenue modelFee-for-service
Founders
Details not available
Asset managementProvider of financial advisory services
Revenue modelCommission on transaction / E-commerce - service
Founders
Details not available
Asset managementProvider of investment & financial planning and portfolio management services
Revenue modelFee-for-service
Founders
Details not available
Asset managementRks Wealth offers wealth management, financial planning, family education, and tax planning services.
Revenue modelFee-for-service
Founders
Details not available
Business facts
- Revenue
- ₹1.05 cr · FY 2024-25
- Revenue growth
- -37% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2008 · about 18 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹1.05 cr in FY24-25 · net ₹4.15 lakh · +393% since FY2018
Filed standalone accounts · Vsp Consultants Private LimitedFounders · 1
Vishnu GuptaFounder & CEO
- Location
- Indore, Madhya Pradesh, India
- Current company
- VSP Consultants
Team & hiring signals
LinkedIn headcount132-10
LinkedIn followers2,470
Open roles5of 5 tracked · last posted Jul 2026
- Hiring: Process Coordinator · Indore, Madhya Pradesh
- Hiring: Executive Assistant to Chief Executive Officer · Indore, Madhya Pradesh
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹23.78 lakh · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 7
- Recorded funding
- None recorded
- Founded
- 1982 · about 44 years old
- Stage
- Public
- Focus
- Diversified
Revenue over time
₹34.87 lakh in FY23-24 · net −₹7.39 lakh · -40% since FY2017
Filed standalone accounts · Rajkot Investment Trust Limited (matched by legal name)Leadership · 1
Nishant NyatiManaging Director
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Consumer
Business facts
- Revenue
- ₹5.66 cr · FY 2021-22
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Subscription
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1992 · about 34 years old
- Stage
- Funding Raised
- Focus
- Diversified, Online trading platforms, Stocks, Regular trading
Revenue over time
₹8.72 cr in FY24-25 · net ₹2.21 cr · +72% since FY2018
Filed standalone accounts · Kalpataru Multiplier Limited (matched by legal name)Leadership · 2
Amitabh Manya JainManaging Director
Aditya Manya JainCEO
Mobile apps
- Kalpataru Share TradingFinance · 9,071 installs · updated 2026-02-21
- Kalpataru Share TradeFinance · 1,914 installs · updated 2026-05-25
- Kalpataru MutualFundFinance · 43 installs · updated 2026-04-29
Technology
- React
- Next.js
- Node.js
- Bootstrap
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹1.81 cr · FY 2024-25
- Revenue growth
- +380% · 2024–2025
- Revenue model
- Commission on transaction, E-commerce - service, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2017 · about 9 years old
- Stage
- Unfunded
- Focus
- Financial advisors
Revenue over time
₹1.81 cr in FY24-25 · net ₹0.78 lakh · +74119% since FY2018
Filed standalone accounts · Ideal Stock Advisory Private LimitedTeam & hiring signals
LinkedIn headcount3611-50
LinkedIn followers240
LinkedIn page Technology
- PHP
- Cloudflare
- Bootstrap
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Diversified
Founders · 1
Pramod SelotFounder & CEO
- Location
- Indore, Madhya Pradesh, India
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Subscription
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Diversified
Founders · 1
Mahesh PorwalFounder & MD
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Lending
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2020 · about 6 years old
- Stage
- Unfunded
- Focus
- Consultancy services, Diversified
Founders · 1
Sumit TongiaChief Executive Officer and Founder
Team & hiring signals
LinkedIn headcount311-50
LinkedIn followers137
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, E-commerce - service, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2012 · about 14 years old
- Stage
- Unfunded
- Focus
- Financial advisors
Team & hiring signals
LinkedIn headcount111-50
LinkedIn followers10
LinkedIn page Mobile apps
- INTIMEFinance · 126 installs · updated 2026-03-23
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, E-commerce - service, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2016 · about 10 years old
- Stage
- Unfunded
- Focus
- Financial advisors
Team & hiring signals
LinkedIn headcount19201-500
LinkedIn followers173
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2009 · about 17 years old
- Stage
- Unfunded
- Focus
- Diversified
Team & hiring signals
LinkedIn headcount22-10
LinkedIn followers20
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- Not available
- Stage
- Not available
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Finance & accounting services · 26
26 financial services companies in Madhya Pradesh work in finance & accounting services. Shown: the best-documented.
Asset managementInvestment banking advisory firm
Revenue₹1.05 crFY 2024-25
Founder · 1
Vishnu Gupta in ↗Founder & CEO
Finance & accounting servicesOnlinr platform for firm specializing in GST registration, income tax return filing, auditing, accounting, and financial consultancy
Revenue modelSubscription
Founders
Details not available
Finance & accounting servicesProvider of auditing and legal services
Revenue modelFee-for-service
Founders
Details not available
Finance & accounting servicesProvider of internal system audit, accounting, direct taxation, and project finance
Revenue modelFee-for-service
Founders
Details not available
Finance & accounting servicesProvider of legal, accounting, tax, and auditing services
Revenue modelFee-for-service
Founders
Details not available
Finance & accounting servicesProvider of business setup services, accounting, taxation, secretarial services, and management consulting
Revenue modelFee-for-service
Founders
Details not available
Finance & accounting servicesProfessional services firm offering expertise in taxation, accounting, and business advisory services
Revenue modelSubscription
Founders
Details not available
Finance & accounting servicesProvider of accounting and tax services
Revenue modelFee-for-service
Founders
Details not available
Finance & accounting servicesProvider of online games with a focus on digital entertainment
Revenue modelAdvertising / E-commerce - service
Founders
Details not available
Finance & accounting servicesThe Taxxcel is one of the leading tax consulting firm in Indore where professional chartered accountants help you solve tax related queries.
Revenue modelFee-for-service
Founders
Details not available
Finance & accounting servicesProvider of business and tax registrations, audit and attestation, and taxation services
Revenue modelCommission on transaction / Fee-for-service
Founders
Details not available
Finance & accounting servicesChartered accounting firm with expertise in auditing, taxation laws, corporate laws, NGOs, corporate advisory, and financial services
Revenue modelFee-for-service
Founders
Details not available
Business facts
- Revenue
- ₹1.05 cr · FY 2024-25
- Revenue growth
- -37% · 2024–2025
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2008 · about 18 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹1.05 cr in FY24-25 · net ₹4.15 lakh · +393% since FY2018
Filed standalone accounts · Vsp Consultants Private LimitedFounders · 1
Vishnu GuptaFounder & CEO
- Location
- Indore, Madhya Pradesh, India
- Current company
- VSP Consultants
Team & hiring signals
LinkedIn headcount132-10
LinkedIn followers2,470
Open roles5of 5 tracked · last posted Jul 2026
- Hiring: Process Coordinator · Indore, Madhya Pradesh
- Hiring: Executive Assistant to Chief Executive Officer · Indore, Madhya Pradesh
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Subscription
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2020 · about 6 years old
- Stage
- Unfunded
- Focus
- Diversified
Team & hiring signals
LinkedIn headcount32-10
LinkedIn followers58
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2023 · about 3 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2002 · about 24 years old
- Stage
- Unfunded
- Focus
- Diversified
Technology
- PHP
- MySQL
- WordPress
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2021 · about 5 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2022 · about 4 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Subscription
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2024 · about 2 years old
- Stage
- Unfunded
- Focus
- Accounting & payroll, Tax consultancy
Team & hiring signals
LinkedIn headcount351-200
LinkedIn followers62
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2023 · about 3 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Advertising, E-commerce - service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2013 · about 13 years old
- Stage
- Unfunded
- Focus
- Diversified
Team & hiring signals
LinkedIn headcount451-200
LinkedIn followers14
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- Not available
- Stage
- Not available
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2020 · about 6 years old
- Stage
- Unfunded
- Focus
- Diversified
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2009 · about 17 years old
- Stage
- Unfunded
- Focus
- Diversified
Technology
- PHP
- MySQL
- Cloudflare
- WordPress
- Bootstrap
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Consumer and sme loans · 19
19 financial services companies in Madhya Pradesh work in consumer and sme loans. Shown: the best-documented.
Investment banksCorporate financing and strategic advisory firm
Revenue₹11.46 crFY 2024-25
Founders · 2
Pramod Saraf in ↗Co-Founder & Director
BP Inani in ↗Co Founder
Consumer and sme loansOnline marketplace for consumer & business loans
Revenue₹6.22 crFY 2024-25
Founder · 1
Amit Jain in ↗Founder & Managing Director
Consumer and sme loansProvider of non banking financial institutional services
Revenue₹88.61 crFY 2022-23
Leadership · 1
Sunil NyatiCEO & Managing Director
Consumer and sme loansProvider of agricultural, educational, and other loan services
Revenue₹4.72 crFY 2021-22
Founders
Details not available
Asset managementDiversified investment management firm
Revenue₹23.78 lakhFY 2022-23
Leadership · 1
Nishant NyatiManaging Director
Consumer and sme loansProvider of vehicle financing solutions
Revenue₹1.27 crFY 2023-24
Leadership · 1
Sanjay AgarwalManaging Director
Consumer and sme loansProvider of consumer and SME loans
RevenueFY 2021-22
Founders · 4
Archana JainCo-Founder
Munna Lal JainCo-Founder
Sanjeev Kumar JainCo-Founder
Babita JainCo-Founder
Consumer and sme loansCorporate Direct Selling Agent facilitating various loan products and financial solutions
Revenue₹20.96 lakhFY 2024-25
Founders
Details not available
Consumer and sme loansProvider of vehicle, business, gold, and loan services for their members
RevenueFY 2022-23
Founders
Details not available
Consumer and sme loansProvider of business loans and other financial services
Revenue₹24.19 lakhFY 2018-19
Founders
Details not available
Asset financeCommmercial vehicle finance
Revenue₹13.75 crFY 2016-17
Founder · 1
Vinod Kumar AgarwalFounder & Chairman
Consumer and sme loansLoan advisory firm specializing in government subsidies and various loan products
Revenue modelFee-for-service
Founders
Details not available
Business facts
- Revenue
- ₹11.46 cr · FY 2024-25
- Revenue growth
- +22% · 2024–2025
- Revenue model
- Fee-for-service
- Team size
- 6
- Recorded funding
- None recorded
- Founded
- 2015 · about 11 years old
- Stage
- Unfunded
- Focus
- Ibs, Diversified
Revenue over time
₹11.29 cr in FY24-25 · net ₹63.90 lakh · +400% since FY2018
Filed standalone accounts · Swan Finance LimitedFounders · 2
Pramod SarafCo-Founder & Director
- Highest education
- Cfa Institute
- Location
- Indore, Madhya Pradesh, India
- Current company
- Swan Invest
BP InaniCo Founder
- Highest education
- University of Rajasthan
- Location
- Indore, Madhya Pradesh, India
- Current company
- Swan Angel Network
Team & hiring signals
LinkedIn headcount111-50
LinkedIn followers634
Earlier recorded team62024, a different source
LinkedIn page Technology
- Nginx
- Bootstrap
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
ConsumerMarketplace
Business facts
- Revenue
- ₹6.22 cr · FY 2024-25
- Revenue growth
- +52% · 2024–2025
- Revenue model
- Commission on transaction, Lending
- Team size
- 54
- Recorded funding
- US$990k · Series A · Apr 2020
- Founded
- 2016 · about 10 years old
- Stage
- Series A
- Focus
- Online lenders, Diversified, Marketplace
Revenue over time
₹6.22 cr in FY24-25 · net ₹24.39 lakh · +781% since FY2018
Filed standalone accounts · Recapita Finance Private LimitedFounders · 1
Amit JainFounder & Managing Director
- Highest education
- Accountancy · The Institute Of Chartered Accountants Of India
- Location
- Mumbai, Maharashtra, India
- Current company
- Recapita Finance
Investors · 1
- ShremFund
Team & hiring signals
LinkedIn headcount4851-200
LinkedIn followers2,830
Earlier recorded team542024, a different source
LinkedIn page Recent company signals
- Expansion inauguration of a new branch of Recapita Finance in Dewas
Technology
- Cloudflare
- Webflow
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹88.61 cr · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 658 (previous snapshot 970)
- Recorded funding
- None recorded
- Founded
- 1992 · about 34 years old
- Stage
- Public
- Focus
- Diversified
Revenue over time
₹135.36 cr in FY24-25 · +218% since FY2018
Filed consolidated accounts · Swastika Investmart LimitedLeadership · 1
Sunil NyatiCEO & Managing Director
Team & hiring signals
LinkedIn headcount1,659501-1,000
LinkedIn followers23,279
Earlier recorded team6582023, a different source
LinkedIn page Mobile apps
- Swastika Stocks, InvestmentsFinance · 376,525 installs · ★ 4.1 · updated 2026-05-29
- eKYC Swastika (Old)Productivity · 130,006 installs · updated 2024-03-19
- JARVIS Swastika CRMBusiness · 49,299 installs · updated 2026-05-29
Technology
- AWS
- Angular
- TypeScript
- Cloudflare
- Mixpanel
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹4.72 cr · FY 2021-22
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 139
- Recorded funding
- None recorded
- Founded
- 1996 · about 30 years old
- Stage
- Unfunded
- Focus
- Diversified
Revenue over time
₹43.12 lakh in FY24-25 · net −₹8.44 cr · -96% since FY2018
Filed standalone accounts · A.B.Leasing And Finance LimitedTechnology
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹23.78 lakh · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 7
- Recorded funding
- None recorded
- Founded
- 1982 · about 44 years old
- Stage
- Public
- Focus
- Diversified
Revenue over time
₹34.87 lakh in FY23-24 · net −₹7.39 lakh · -40% since FY2017
Filed standalone accounts · Rajkot Investment Trust Limited (matched by legal name)Leadership · 1
Nishant NyatiManaging Director
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹1.27 cr · FY 2023-24
- Revenue growth
- -10% · 2023–2024
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 5
- Recorded funding
- None recorded
- Founded
- 1989 · about 37 years old
- Stage
- Public
- Focus
- Consumer loans, Auto loans
Revenue over time
₹1.27 cr in FY23-24 · +29% since FY2019
Filed consolidated accounts · Anjani Finance LimitedLeadership · 1
Sanjay AgarwalManaging Director
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- · FY 2021-22
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1994 · about 32 years old
- Stage
- Unfunded
- Focus
- Diversified
Founders · 4
Archana JainCo-Founder
Munna Lal JainCo-Founder
Sanjeev Kumar JainCo-Founder
Babita JainCo-Founder
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹20.96 lakh · FY 2024-25
- Revenue growth
- -98% · 2024–2025
- Revenue model
- Commission on transaction, Lending
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2021 · about 5 years old
- Stage
- Unfunded
- Focus
- Diversified, Sme loans
Revenue over time
₹20.96 lakh in FY24-25 · net ₹0.75 lakh · -96% since FY2023
Filed standalone accounts · Parker's Consulting & Ventures Private LimitedTechnology
- PHP
- MySQL
- Cloudflare
- WordPress
- Bootstrap
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- · FY 2022-23
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2019 · about 7 years old
- Stage
- Unfunded
- Focus
- Diversified, Cooperatives
Revenue over time
in FY22-23 · net · since FY2020
Filed standalone accounts · Vasundhara Aarthik Nidhi LimitedEach tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- ₹24.19 lakh · FY 2018-19
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 7
- Recorded funding
- None recorded
- Founded
- 1994 · about 32 years old
- Stage
- Public
- Focus
- Sme loans, Diversified
Revenue over time
₹3.24 cr in FY24-25 · net ₹2.18 cr · +1868% since FY2016
Filed standalone accounts · Adcon Capital Services Limited (matched by legal name)Team & hiring signals
LinkedIn headcount4
LinkedIn followers3
Earlier recorded team72023, a different source
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Consumer
Business facts
- Revenue
- ₹13.75 cr · FY 2016-17
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- 6
- Recorded funding
- None recorded
- Founded
- 1986 · about 40 years old
- Stage
- Public
- Focus
- Vehicles, Motor vehicles, Diversified
Founders · 1
Vinod Kumar AgarwalFounder & Chairman
Technology
- jQuery
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2019 · about 7 years old
- Stage
- Unfunded
- Focus
- Sme loans, Working capital loans
Team & hiring signals
LinkedIn headcount111-50
LinkedIn followers10
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Banks · 16
16 financial services companies in Madhya Pradesh work in banks. Shown: the best-documented.
BanksUrban co-operative bank
Revenue modelFee-for-service
Founder · 1
Narendra NahataCo-Founder
BanksUrban co-operative bank
Revenue modelFee-for-service
Leadership · 1
Ajay KngnCEO
BanksUrban co-operative bank
Revenue modelFee-for-service
Founder · 1
Alka ShrivastavaFounder & President
BanksUrban co-operative bank
Revenue modelFee-for-service
Founders
Details not available
BanksCooperative bank provides financial services, including loans, deposit accounts, and agricultural support
Revenue modelCommission on transaction / Fee-for-service
Founders
Details not available
BanksUrban co-operative bank
Revenue modelFee-for-service
Founders
Details not available
BanksWoman focused co-operative bank
Revenue modelAdvertising / Commission on transaction
Founders
Details not available
BanksUrban co-operative bank
Revenue modelFee-for-service
Founders
Details not available
BanksCooperative bank
Revenue modelFee-for-service
Founders
Details not available
BanksCommercial bank
Revenue modelFee-for-service
Founders
Details not available
BanksRural Bank
Revenue modelCommission on transaction / Fee-for-service
Founders
Details not available
BanksProvider of insurance, loans, and locker services
Revenue modelCommission on transaction / Fee-for-service
Founders
Details not available
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1999 · about 27 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Founders · 1
Narendra NahataCo-Founder
Team & hiring signals
LinkedIn headcount25501-1,000
LinkedIn followers188
LinkedIn page Mobile apps
- SMRITI NAGRIK SAHKARI BANKFinance · 8,445 installs · updated 2026-03-11
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2012 · about 14 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Leadership · 1
Ajay KngnCEO
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2002 · about 24 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Founders · 1
Alka ShrivastavaFounder & President
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1984 · about 42 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2017 · about 9 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Team & hiring signals
LinkedIn headcount1
LinkedIn followers6
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2017 · about 9 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Advertising, Commission on transaction, E-commerce - product
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1998 · about 28 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2019 · about 7 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 1998 · about 28 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Mobile apps
- Arihant Urban Co Operative BanProductivity · 226 installs · updated 2025-07-28
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2012 · about 14 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Team & hiring signals
LinkedIn headcount16311-50
LinkedIn followers222
LinkedIn page Mobile apps
- MGB Positive Pay SystemFinance · 20,973 installs · updated 2024-02-05
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2019 · about 7 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Team & hiring signals
LinkedIn headcount305
LinkedIn followers439
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Business facts
- Revenue
- Not reported
- Revenue growth
- Not reported
- Revenue model
- Commission on transaction, Fee-for-service
- Team size
- Not available
- Recorded funding
- None recorded
- Founded
- 2017 · about 9 years old
- Stage
- Unfunded
- Focus
- Commercial banks
Team & hiring signals
LinkedIn headcount5
LinkedIn page Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.