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EQUENTIA SCF TECHNOLOGIES PRIVATE LIMITED

CredAble

U51100MH2017PTC292572

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₹1,999.00 ₹3,998.00
Suggest Edit Last updated: Dec 24, 2024
Key Metrics
  • No. of Employees187
  • Founded Year 2017
  • Company StagePrivate Limited Company
  • Total Funding₹557.78 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About CredAble
CredAble is India's largest working capital tech platform enabling more than $6 Billion working capital annually. As an umbrella platform for all working capital solutions, CredAble caters to the working capital requirements of India Inc which includes large, mid, emerging corporates, MSMEs, and financial institutions. CredAble’s platform hosts over 100 corporate customers, over 2,50,000 small business borrowers, and over 35 large financial institutions and banks. By leveraging the technology built in-house, expertise in big data analytics, trade finance, and partnerships with capital providers, CredAble leads the working capital space while witnessing over 500% year on year growth. The Company was awarded under the Fintech, and Deep Tech categories at NASSCOM Emerge 50 Awards 2020 and was recently recognized as one of the Top SCM Software Tech Startup by Tracxn in the series of Emerging Startups of 2022. The Company was selected into the Oracle Startup Cloud Accelerator Program 2018, SAP Startup Studio Cohort 2020 and was also recognized by the Maharashtra Government as the Best FinTech Startup 2018.
Business Model

Embedded finance platform CredAble aims to bridge the gap between financial services and the underbanked in the target markets. provides working capital to large, mid, emerging corporates, as well as micro, small and medium enterprises (MSMEs), and financial institutions.

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CredAble Funding Details
Funding Highlights
Latest Funding RoundDebt Financing
Total Funding Raised₹557.78 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors4
Investors
  • V'Ocean Investments, HHC Holdings, OAKS, Alpha Capital
Note:

Valuation as on Mar 1, 2024

Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
CredAble Financial Details
Financial Highlights
FY 2023-24 Revenue₹469.56 Cr
FY 2023-24 Expenses₹487.59 Cr
FY 2023-24 Profit/Loss-₹18.93 Cr
Net Cash Flow From Operations-₹4.56 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
CredAble Key People
People Metrics
Current Core Team3
Board Members/Directors4

Core Team

NC
Nirav Choksi Co-Founder & CEO
RK
Ram Kewalramani Co-Founder & Managing Director
RR
Rajiv RamnarayanCo-Founder

Board Members/Directors

RP
Ram Prakash KewalramaniDirector
NS
Nirav Shaunak ChoksiDirector
RR
Rajiv RamnarayanDirector
SS
Sandeep SomaniDirector
CredAble Documents

AY - 2018-19

Profit and Loss statement - CredAble - 2018-19.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CredAble for FY 2018-19.
₹249.00 ₹498.00
Balance Sheet - CredAble - 2018-19.pdf
TheKredible's experts has summarized the Balance Sheet of CredAble for FY 2018-19.
₹249.00 ₹498.00

AY - 2019-20

Profit and Loss statement - CredAble - 2019-20.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CredAble for FY 2019-20.
₹249.00 ₹498.00
Balance Sheet - CredAble - 2019-20.pdf
TheKredible's experts has summarized the Balance Sheet of CredAble for FY 2019-20.
₹249.00 ₹498.00

AY - 2020-21

Profit and Loss statement - CredAble - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CredAble for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - CredAble - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of CredAble for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and Loss statement - CredAble - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CredAble for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - CredAble - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of CredAble for FY 2021-22.
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - CredAble - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CredAble for FY 2022-23
₹249.00 ₹498.00
Balance sheet - CredAble - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of CredAble for FY 2022-23
₹249.00 ₹498.00

AY - 2023-24

Profit and loss statement - CredAble - 2023-24.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CredAble for FY 2023-24
₹249.00 ₹498.00
Balance sheet - CredAble - 2023-24.pdf
TheKredible's experts has summarized the Balance Sheet of CredAble for FY 2023-24
₹249.00 ₹498.00

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