Company lists
The Uttar Pradesh edition · 2026

Financial servicescompanies in Uttar Pradesh

Loans & lending, wealth & asset management, accounting & consulting, insurance, microfinance and more: the companies building financial services in Uttar Pradesh, with their founders, funding, team size and business models.

437 company profiles116 with reported revenue12 with recorded fundingSeptember 2026 edition

Recent financial services business events in Uttar Pradesh

Funding, M&A, contract wins and launches involving 559 financial services companies in Uttar Pradesh, last 24 months: 17 M&A deals · 8 Contracts · 7 funding rounds · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

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
M&AMerger · Announced

Axis Max Life Insurance acquires Max financial services

Max Financial Services: Axis entities — Axis Bank, Axis Securities, and Axis Capital — have provided their in-principle no-objection to the proposed amalgamation of Max Financial…

Financial Services
FundingRights Issue

Utkarsh small finance bank

Utkarsh Small Finance Bank is expected to roll out a rights issue to mop up Rs 500–700 crore in the coming weeks

Banking
M&AAcquisition · Completed

Societe generale acquires Max financial services

Societe Generale purchased 74,675 shares (0.02% stake) in Max Financial Services at Rs 1,605.4 per share for Rs 11.98 crore.

Financial Services
FundingDebt issuance

Bajaj Finance

Bajaj Finance has allotted secured redeemable non-convertible debentures (NCDs) aggregating to ₹1,350 crore on a private placement basis.

Finance
FundingEquity

Shivalik small finance bank

Shivalik Small Finance Bank (SSFB), India’s first Small Finance Bank to transition from an urban cooperative bank, today announced that it has successfully raised INR 100 Crore in equity…

Investors SMBC Asia Rising Fund- Japan, Accel, Quona capital, Lightspeed
Banking
Funding

Religare Enterprises

Religare Enterprises slipped nearly 4 per cent to a low of ₹260.40 on the NSE amid reports that the company secured up to ₹1,500 crore funding from a group of marquee investors,…

Investors Burmans
ContractService

Bajaj Finance · client: Tunawal E-Motors Limited

Tunawal E-Motors Limited has signed a Standard Merchant Agreement with Bajaj Finance Limited to facilitate finance on purchase of Tonwal’s electric two-wheelers.

M&AAcquisition · Completed

Na acquires Max financial services

Eight entities, including ICICI Prudential Mutual Fund (MF), Morgan Stanley, and Societe Generale, collectively bought a 1.6% stake in Max Financial Services for Rs 611.60 crore through…

M&AAcquisition · Announced

Burman family acquires Religare Enterprises

The Burman family, known for their prominent role in the Indian consumer goods sector through their association with Dabur India, has successfully acquired control of Religare…

Financial services
M&AAcquisition · Completed

Burman Group acquires Religare

The Burman Group announced on February 20, 2025, that they have taken control of Delhi-based financial services firm Religare Enterprises Limited (REL) and have been appointed as its…

M&AAcquisition · Completed

Puran Associates, Vic Enterprises, M B Finmart acquires Religare Enterprises

Subsequently, four entities in January 2024 bought a 3.6 per cent stake in diversified financial services group Religare Enterprises for Rs 277 crore through open market transactions.

M&AAcquisition · Completed

Four entities acquires Religare Enterprises Ltd

Subsequently, four entities in January 2024 bought a 3.6 per cent stake in diversified financial services group Religare Enterprises for Rs 277 crore through open market transactions.

Financial Services
M&AAcquisition · Announced

Burmans acquires Religare Enterprises Ltd

Burmans, through four entities -- Finmart Pvt Ltd, Puran Associates Pvt Ltd, VIC Enterprises Pvt Ltd, and Milky Investment & Trading Company -- collectively owned 20.15 per cent stake in…

Financial Services
M&AMerger · Announced

Axis Max Life Insurance acquires Max financial services

We aim to merge the two entities – Max Financial Services and Axis Max Life Insurance – and we believe

Insurance
M&AAcquisition · Announced

Danny Gaekwad Developments & Investments Florida acquires Religare Enterprises

Florida-based businessman Danny Gaekwad has made a counteroffer to acquire a stake in Religare Enterprises at Rs 275 per share, significantly higher than the Rs 235 per share offer made…

M&AAcquisition · Announced

Digvijay Gaekwad acquires Religare

Gaekwad has sought Sebi permission to launch an all cash offer to buy 55 per cent of Religare stake from its shareholders at a price of Rs 275 a share.

Financial Services
M&AAcquisition · Announced

Danny Gaekwad acquires Religare

Now, Gaekwad has thrown his hat in the ring, offering to make an open offer at ₹275 per share—a 17% premium to the open offer made by the Burmans—for acquiring a 26% stake in Religare…

Financial services
M&AAcquisition · Announced

Digvijay ‘Danny’ Gaekwad acquires Religare Enterprises

I believe in the fundamentals of Religare’s business.

Financial Services
M&AAcquisition · Announced

Digvijay “Danny” Gaekwad’s firm acquires Religare Enterprises

In a stock exchange disclosure late on Friday, Religare shared a letter from U.S. entrepreneur Digvijay “Danny” Gaekwad’s firm requesting permission from Indian market regulator SEBI to…

M&AAcquisition · Announced

U.S. businessman acquires Religare

Religare Enterprises said a U.S. businessman has made a proposal to acquire a 26% stake in it

Financial Services
Contract

Utkarsh small finance bank · client: Asset Reconstruction Company (ARC)

The bank has sold its portfolio of unsecured stressed microfinance institution (MFI) loans (non-performing assets and written-off accounts), with an outstanding of Rs 354.54 crore, to an…

ContractInfrastructure

Nbcc (india) limited · client: Sidbi

This development follows a series of successful work orders secured by NBCC (India) Limited in October 2024. On October 3, the company bagged work orders worth ₹47.04 crore, which…

ContractService

RailTel · client: Health insurance tpa of india

RailTel has received a work order of Rs 1,55,71,67,040 (excluding tax) from Health Insurance TPA of India Limited on 17th September

Healthcare
ContractService

Railtel corporation of india · client: Health insurance tpa of india

On September 17, has received the work order from Health Insurance TPA of India Ltd. for Service amounting to Rs. 48,70,00,000 (Excluding Tax) for Integrated Claims Management Solution…

Service

Financial services companies in Uttar Pradesh, by revenue

Browse financial services companies in Uttar Pradesh by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 116 financial services companies in Uttar Pradesh that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Life insurance carrier

Insurance carriers
₹46,497.24 crFY 2024-25
+0%2024–2025
38,402+6% 12 mo to Sep 2024recorded Sep 2024
42 yr1984
0none in 3 months · last posted Jun 2026

Company that specializes in bullion, particularly gold and silver bars and coins

Brokers and dealers
₹7,803.53 crFY 2021-22
Not reported
—Not available
21 yr2005
0none in 3 months

Provider of online trading platform for stocks, commodities, and investment products

Consumer and sme loans
₹4,863.23 crFY 2022-23
+44%2022–2023
3,746+1% 12 mo to Mar 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Small finance bank

Banks
₹4,364.76 crFY 2024-25
+22%2024–2025
12,648+12% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
2postings · last posted Aug 2026

Provider of financial services to unbanked populations and small finance

Microfinance
₹4,155.62 crFY 2024-25
+23%2024–2025
9LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Company that creates and scales tailored solutions for insurance and financial services clients to drive revenue and loyalty, enhancing their business operations

Insurance carriers
₹1,497.07 crFY 2024-25
-19%2024–2025
—Not available
7 yr2019
0none in 3 months

Provider of financial market services including broking, advisory, and equity research

Services for investment industry
₹388.72 crFY 2024-25
+10%2024–2025
619-9% 12 mo to Dec 2023LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Micro finance bank

Banks
₹309.38 crFY 2023-24
+41%2023–2024
1,190+18% 12 mo to Aug 2024LinkedIn · Jul 2026
29 yr1997
2postings · last posted Jul 2026

Provider of micro-credit solutions for low-income individuals and businesses

Microfinance
₹222.90 crFY 2023-24
+72%2023–2024
596LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Apr 2026

Provider of financial solutions and services to individuals, primarily through lending and green climate products

Consumer and sme loans
₹155.04 crFY 2024-25
+8%2024–2025
347+91% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Company that provides post-harvest commodity finance loans to agricultural customers

Consumer and sme loans
₹120.35 crFY 2024-25
Not reported
119+8% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
0none in 3 months

Investment management firm

Asset management
₹106.31 crFY 2024-25
+10%2024–2025
103+23% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of investment management and financial services

Asset management
₹98.37 crFY 2024-25
+962%2024–2025
57LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of mortgage guarantee products designed to enhance home loan eligibility

Service providers to banks
₹93.47 crFY 2024-25
+16%2024–2025
190-11% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
0none in 3 months

Provider of auto loans

Consumer and sme loans
₹50.93 crFY 2024-25
+46%2024–2025
116LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Provider of non-banking financial services

Consumer and sme loans
₹47.18 crFY 2022-23
Not reported
698+98% 12 mo to Jul 2024LinkedIn · Jul 2026
31 yr1995
6postings · last posted Sep 2026

Auto loans provider

Consumer and sme loans
₹49.26 crFY 2024-25
+9%2024–2025
10-23% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
0none in 3 months

Provider of customer support & acquisition, debt collection, strategy consulting, and data analytics services

Management consulting services
₹43.61 crFY 2024-25
+76%2024–2025
429-40% 12 mo to Jun 2023LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of business, commercial vehicle, and property-backed loans to individuals

Consumer and sme loans
₹28.38 crFY 2023-24
+21%2023–2024
248-17% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted May 2026

Company focused on banking, investment, and business sectors

Financial services industry associations
₹24.14 crFY 2021-22
Not reported
209-48% 12 mo to Feb 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of comprehensive automobile inspection, valuation, certification, and other services to clients

Insurance distribution
₹27.17 crFY 2024-25
+18%2024–2025
165+0% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Platform providing loan solutions

Consumer and sme loans
₹26.01 crFY 2024-25
+23%2024–2025
15LinkedIn · Jul 2026
28 yr1998
2postings · last posted Jul 2026

Developer of an online marketplace for personal loans

Consumer and sme loans
₹25.20 crFY 2023-24
-25%2023–2024
322+234% 12 mo to Jun 2023LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Technical analysis software for stock market investments

Services for investment industry
₹22.98 crFY 2024-25
Not reported
—Not available
11 yr2015
0none in 3 months

Provider of bike, car, travel, life & health insurance services

Insurance distribution
₹22.61 crFY 2024-25
+37%2024–2025
50+54% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months
50 of 437 companies shown here · the full list is on Radar
Fliar Radar

Explore all 437 financial services companies in Uttar Pradesh on Radar

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

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  • Every company, not just 50All 437 financial services companies in Uttar Pradesh, filterable by stage, funding, team size, revenue model and age.
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Explore financial services companies in Uttar Pradesh by what you are looking for

Browse top financial services companies in Uttar Pradesh, from lenders and banks to insurance and wealth firms. You can also find financial services companies in India's largest state that are listed, newly founded or hiring.

9 ways to explore financial services in Uttar Pradesh

Loan & NBFC lending companiesAsset & wealth management firmsAccounting, tax & finance outsourcing servicesInsurance companies & brokersMicrofinance & microcredit companiesBanks & stock brokers

Loan & NBFC lending companies

Lenders offering personal, business and vehicle loans, including NBFCs and online lenders.

  1. Religare

    Provider of online trading platform for stocks, commodities, and investment products

    Consumer and sme loans
    See in list
  2. Sugmya Finance

    Provider of financial solutions and services to individuals, primarily through lending and green climate products

    Consumer and sme loans
    See in list
  3. Aryadhan Financial Solutions

    Company that provides post-harvest commodity finance loans to agricultural customers

    Consumer and sme loans
    See in list
  4. IMGC Studio

    Provider of mortgage guarantee products designed to enhance home loan eligibility

    Service providers to banks
    See in list
  5. RBA Finance

    Provider of auto loans

    Consumer and sme loans
    See in list

Asset & wealth management firms

Investment managers, financial advisors and wealth planners.

  1. Adroitfinancial

    Provider of financial market services including broking, advisory, and equity research

    Services for investment industry
    See in list
  2. Djt

    Investment management firm

    Asset management
    See in list
  3. SN Capital

    Provider of investment management and financial services

    Asset management
    See in list
  4. Mittal Analytics

    Technical analysis software for stock market investments

    Services for investment industry
    See in list
  5. Angcapital

    Provider of financial advisory services

    Asset management
    See in list

Accounting, tax & finance outsourcing services

Bookkeeping, payroll, tax and compliance outsourcing providers for businesses.

  1. AMS Comtel

    Provider of customer support & acquisition, debt collection, strategy consulting, and data analytics services

    Management consulting services
    See in list
  2. Enterslice

    Provider of financial, legal, and compliance services for businesses

    Finance & accounting services
    See in list
  3. Whiz Consulting

    Provider of accounting and bookkeeping services, payroll processing, taxation, and advisory services for businesses

    Finance & accounting services
    See in list
  4. Blue Consulting

    Provider of finance and accounting outsourcing, compliance, and internal audit services

    Finance & accounting services
    See in list
  5. Aristotle Consultancy

    Provider of outsourced accounting, financial, and advisory services

    Finance & accounting services
    See in list

Insurance companies & brokers

Insurance carriers, brokers and agents covering life, health, motor and property.

  1. Max Financial Services

    Life insurance carrier

    Insurance carriers
    See in list
  2. Religare

    Provider of online trading platform for stocks, commodities, and investment products

    Consumer and sme loans
    See in list
  3. CPP India

    Company that creates and scales tailored solutions for insurance and financial services clients to drive revenue and loyalty, enhancing their business operations

    Insurance carriers
    See in list
  4. Heute and Morgen Insurance Broker

    Provider of bike, car, travel, life & health insurance services

    Insurance distribution
    See in list
  5. Global Ark Consultancy Service

    Provider of agricultural insurance services

    Insurance carriers
    See in list

Microfinance & microcredit companies

Providers of small loans to low-income individuals, women and small businesses.

  1. Utkarsh Coreinvest

    Provider of financial services to unbanked populations and small finance

    Microfinance
    See in list
  2. Sindhuja Microcredit

    Provider of micro-credit solutions for low-income individuals and businesses

    Microfinance
    See in list
  3. Margdarshak Fi ncial Services

    Micro Loans in North India

    Microfinance
    Website
  4. Disha India Micro Credit

    Microloans for women and low income groups

    Microfinance
    See in list
  5. Samavesh Finserve

    Provider of micro credit solutions

    Microfinance
    See in list
20 companies in Uttar PradeshAll 171 microfinance companies in India →

Banks & stock brokers

Banks, small finance banks and brokers offering trading and deposit services.

  1. SB Ornaments

    Company that specializes in bullion, particularly gold and silver bars and coins

    Brokers and dealers
    See in list
  2. Utkarsh Bank

    Small finance bank

    Banks
    See in list
  3. Adroitfinancial

    Provider of financial market services including broking, advisory, and equity research

    Services for investment industry
    See in list
  4. Shivalik Small Finance Bank

    Micro finance bank

    Banks
    See in list
  5. Digipe

    Savings bank

    Banks
    Website
62 companies in Uttar PradeshAll 281 banks companies in India →

Listed financial services companies in Uttar Pradesh

Publicly listed financial services companies in Uttar Pradesh.

  1. Max Financial Services

    Life insurance carrier

    Insurance carriers
    See in list
  2. Religare

    Provider of online trading platform for stocks, commodities, and investment products

    Consumer and sme loans
    See in list
  3. Utkarsh Bank

    Small finance bank

    Banks
    See in list
  4. Key Corp

    Asset finance firm

    Asset finance
    See in list
  5. O P Chains

    Commodity brokerage firm

    Brokers and dealers
    See in list
11 companies in Uttar Pradesh

Financial services startups in Uttar Pradesh

Recently founded financial services companies in Uttar Pradesh.

  1. Global Ark Consultancy Service

    Provider of agricultural insurance services

    Insurance carriers
    See in list
  2. PoliciCue

    Provider of car, life & health insurance services

    Insurance distribution
    See in list
  3. Rinova Pay Tech

    Company offering payment solutions and services to the unbanked population through its innovative AEPS and Micro ATM products

    Remittance services
    Website
  4. Dabord India

    Provider of consumer loans for their members

    Consumer and sme loans
    Website
  5. Finex

    Provider of accounting, assurance, tax advisory, and offshore services

    Finance & accounting services
    Website
85 companies in Uttar Pradesh

Financial services companies hiring in Uttar Pradesh

Financial services companies in Uttar Pradesh with open roles right now.

  1. Max Financial Services

    Life insurance carrier

    Insurance carriers
    See in list
  2. Utkarsh Bank

    Small finance bank

    Banks
    See in list
  3. Shivalik Small Finance Bank

    Micro finance bank

    Banks
    See in list
  4. Sindhuja Microcredit

    Provider of micro-credit solutions for low-income individuals and businesses

    Microfinance
    See in list
  5. Akasa Finance

    Provider of non-banking financial services

    Consumer and sme loans
    See in list
21 companies in Uttar Pradesh
Mobile reach

Top 10 financial services apps from Uttar Pradesh

The most-installed Android apps published by financial services companies headquartered in Uttar Pradesh — 2.1M installs between them. 48 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

UTKARSH MOBILE

by Utkarsh Bank

Installs1.3M
Rating4.1111K ratings
Installs, year on year+36%
Last updatedApr 2026
View on Google Play ↗
UTKARSH MOBILE screenshot 1UTKARSH MOBILE screenshot 2UTKARSH MOBILE screenshot 3UTKARSH MOBILE screenshot 4
10

Sidbi 4 U

by SIDBI

Installs9K
Rating—
Last updatedJun 2026
View on Google Play ↗
Sidbi 4 U screenshot 1Sidbi 4 U screenshot 2Sidbi 4 U screenshot 3
The business behind the activity

Financial services financials in Uttar Pradesh

Revenue, profit and growth from the filed annual accounts of 105 financial services companies in Uttar Pradesh for FY24-25 — 129 of the 437 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 81% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹9,058.39 cr

105 companies filing accounts

combined net profit₹183.93 cr

2.0% aggregate margin

are profitable70%

74 of 105 companies

median revenue~₹4.9 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five81%

revenue concentration

Six-year view

Combined revenue of filing companies

₹3,490.68 crFY19-2084 filers
₹6,060.06 crFY20-2194 filers
₹12,620.37 crFY21-2298 filers
₹5,891.97 crFY22-23107 filers
₹18,455.34 crFY23-24113 filers
₹9,058.39 crFY24-25105 filers

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

Like-for-like

The same 94 companies over three years

+47%
FY22-23₹5,591.52 cr₹603.56 cr net
FY23-24₹7,114.06 cr₹735.21 cr net
FY24-25₹8,206.27 cr₹211.78 cr net

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

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr3741% profitable
₹1–10 cr2889% profitable
₹10–100 cr3190% profitable
₹100–1,000 cr757% profitable
Over ₹1,000 cr2100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking39
0–20%20
20–50%17
50–100%14
Doubled+12

102 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

74profitable
31loss-making
2.0%aggregate margin
2.1%median margin

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

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
SN CapitalSN CAPITAL MANAGEMENT PRIVATE LIMITED+962%₹98.37 cr
Akasa FinanceAKASA FINANCE LIMITED+149%₹235.01 cr
AMS ComtelAMS COMTEL BUSINESS PROCESS MANAGEMENT SERVICES PRIVATE LIMITED+77%₹43.00 cr
Reliable Data ServicesRELIABLE DATA SERVICES LIMITED₹84.45 cr
TrustLender CapitalTRUSTLENDERS CAPITAL PRIVATE LIMITED
PcsInfinityPCSINFINITY PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Mittal AnalyticsMITTAL ANALYTICS PRIVATE LIMITED63.7%₹22.98 cr
Manoranjan GrahMANORANJAN GRAH LIMITED36.8%₹26.01 cr
Sand Martin ConsultantsSAND MARTIN CONSULTANTS PRIVATE LIMITED₹46.99 cr
AdroitfinancialADROIT FINANCIAL SERVICES PRIVATE LIMITED31.4%₹386.59 cr
Worldwide Insurance BrokersWORLDWIDE INSURANCE BROKERS LIMITED₹11.09 cr
PcsInfinityPCSINFINITY PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Insurance carriers7₹1,630.08 cr~₹16.1 cr86%2.8%
Consumer and sme loans16₹702.17 cr~₹12.2 cr88%8.1%
Services for investment industry8₹425.21 cr~₹4.3 cr62%32.0%
Microfinance8₹306.34 cr~₹6.8 cr62%-12.8%
Asset management17₹263.18 cr~₹2.1 cr71%-20.6%
Finance & accounting services17₹198.71 cr~₹1.8 cr76%13.4%
Insurance distribution13₹126.83 cr~₹8.6 cr77%4.3%
Leaders

Largest financial services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Utkarsh BankUTKARSH SMALL FINANCE BANK LIMITED₹4,364.76 cr₹23.70 cr0.5%+22%
CPP IndiaCPP ASSISTANCE SERVICES PRIVATE LIMITED₹1,497.07 cr₹42.64 cr2.8%-11%
SB OrnamentsS B ORNAMENTS PRIVATE LIMITED₹849.94 cr−₹27.33 cr-3.2%-92%
AdroitfinancialADROIT FINANCIAL SERVICES PRIVATE LIMITED₹386.59 cr₹121.53 cr31.4%+10%
Sindhuja MicrocreditSINDHUJA MICROCREDIT PRIVATE LIMITED₹256.91 cr−₹35.44 cr-13.8%+15%
Akasa FinanceAKASA FINANCE LIMITED₹235.01 cr₹3.11 cr1.3%+149%
Sugmya FinanceSUGMYA FINANCE PRIVATE LIMITED₹155.04 cr₹2.01 cr1.3%+8%
Aryadhan Financial SolutionsARYADHAN FINANCIAL SOLUTIONS PRIVATE LIMITED₹120.35 cr₹19.46 cr16.2%+58%
DjtDJT RETAILERS PRIVATE LIMITED₹106.31 cr−₹62.63 cr-58.9%+10%
SN CapitalSN CAPITAL MANAGEMENT PRIVATE LIMITED₹98.37 cr₹1.63 cr1.7%>10×
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 Uttar 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
Read the financial services landscape of Uttar Pradesh
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 Uttar Pradesh compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months18

US$267.14m

equity rounds, last 24 months74

US$1.20bn

raised over five yearsUS$7.49bn

432 rounds in India

M&A deals, Uttar Pradesh17

last 24 months

Capital by year

Equity funding into financial services in India

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

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

The funding ladder · five years

Rounds and typical cheque by stage

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

Most-funded sub-sectors

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

M&A in Uttar Pradesh

15Acquisition
2Merger

Most active acquirers

  1. Digvijay Gaekwad3
  2. Axis Max Life Insurance2
  3. Burman family2
  4. Danny Gaekwad Developments & Investments Florida2
  5. Shivalik small finance bank1

Most acquired or merged

  1. Max financial services5
  2. Religare Enterprises5
  3. Religare4
  4. Religare Enterprises Ltd2
  5. ManiBhavnam Home Finance1

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

Go deeper in the financial services landscape reports:

Financial Services Industry Landscape of India

Financial services funding in Uttar Pradesh

12 financial services companies in Uttar Pradesh have recorded equity funding, US$286.01m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Uttar Pradesh

Meet the people behind financial services companies in Uttar Pradesh. 116 of 437 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Uttar Pradesh financial services companies by sub-sector

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

Keep exploring financial services in India and nearby markets.

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