Company Intelligence Profile
Andromeda Sales and Distribution Private Limited
Trades as "Andromeda Loans" — described on its own site as India's largest loan-distribution network (a Direct Selling Agent/DSA aggregator).
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Andromeda Sales and Distribution Private Limited |
|---|---|
| CIN | U74900MH2008PTC181654 |
| PAN | AALCS9004J (Tofler — single source, partial confirmation) |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 28 April 2008 (Tofler, TheCompanyCheck) |
| ROC | RoC Mumbai / Maharashtra (Tofler, TheCompanyCheck) |
| Sector (NIC) | "Other support services to organizations" / Business support services sector (Tofler); operates under the "Andromeda Loans" brand as a loan/insurance distribution (DSA) network |
| Registered address | 158, Dani Corporate Park, C S T Road, Kalina, Santacruz (East), Mumbai, Maharashtra – 400098 (Tofler, TheCompanyCheck). Matches the corporate HQ address published on andromedaloans.com, corroborating identity. |
| Authorized capital | ₹74.55 crore (Tofler, TheCompanyCheck) |
| Paid-up capital | ₹66.38 crore (Tofler, TheCompanyCheck) |
Business Overview
Confirmed- Trades as "Andromeda Loans" — described on its own site as India's largest loan-distribution network (a Direct Selling Agent/DSA aggregator)
- It connects retail/MSME borrowers with 180+ bank, NBFC and fintech lending partners (incl. HDFC Bank, Federal Bank, IDFC FIRST Bank) for personal loans, home loans, business loans and insurance, monetising via distribution commissions rather than balance-sheet lending
- Self-reported scale: 500+ branches across 1,500+ cities, 5,000+ employees, 25,000+ financial-advisor partners, ~₹1.08 lakh crore annual disbursement (company website claims, not independently audited)
- Registered office and brand HQ both sit at the same Dani Corporate Park, Santacruz East address, corroborating that this legal entity is the operating company behind the Andromeda Loans brand
Directors
Partial / conflictingSource conflict on the current board — Tofler (older snapshot) lists 3 directors; TheCompanyCheck (more recent) lists 5, including 3 newly-added additional directors in Apr 2026:
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Rajan Mittal | 02191501 | - | - |
| Prasad Desai | 03570407 | - | - |
| Jayanta Kumar Sinha | - | Additional Director, appointed 01 Apr 2026 TheCompanyCheck; DIN not obtained | 01 Apr 2026 |
| Raoul Kapoor | - | Additional Director, appointed 06 Apr 2026 TheCompanyCheck; DIN not obtained | 06 Apr 2026 |
| Sunil Bankelal Dewali | - | Additional Director, appointed 07 Apr 2026 TheCompanyCheck; DIN not obtained | 07 Apr 2026 |
Financials
Partial / conflictingLatest figures found are partial and largely paywalled on Tofler:
| FY2023-24 (year ended 31 Mar 2024) | operating revenue "over ₹500 crore" (Tofler, publicly visible figure) — standalone |
|---|---|
| FY2024-25 (year ended 31 Mar 2025) | Tofler shows an unconfirmed estimated band of "₹1,500–1,750 crore" revenue; exact revenue, EBITDA, PAT, net worth and total borrowings are behind Tofler's paywall and were not obtained |
No audited P&L/balance-sheet source (e.g., a filed annual report) was accessible. Treat the FY25 figure as an estimate range, not an audited number.
Charges/Loans
Confirmed- One open registered charge (Tofler): Yes Bank Limited, ₹99.8 crore, charge created/modified 13 January 2025, status Open (active)
- No other charges found
Legal
ConfirmedIndian Kanoon lists several tax-litigation matters naming this company (party name confirmed as "Andromeda Sales and Distribution" in each), suggesting active state GST and income-tax disputes:
- Andromeda Sales and Distribution vs Assistant Commissioner of Income Tax — ITAT Mumbai, 8 Jul 2026 — income-tax assessment matter under Sections 143(3)/144C(13).
- M/s. Andromeda Sales and Distribution vs Union of India — Telangana High Court, 10 Feb 2026 (WP No. 3747/2026).
- Andromeda Sales and Distribution Pvt vs The State Tax Officer — Madras High Court, 16 Jun 2026.
- M/S. Andromeda Sales and Distribution vs The State Tax Officer — Madras High Court, 18 Nov 2025 (Mylapore Assessment Circle).
- M/S. Andromeda Sales and Distribution vs The State Tax Officer (ST) — Madras High Court, 9 Feb 2026 (WP Nos. 4542 & 4544/2026).
- M/S. Andromeda Sales and Distribution vs The Assistant Commissioner (ST) — Madras High Court, 9 Jan 2025.
- Andromeda Sales and Distribution Pvt vs The State Officer (ST) — Madras High Court, 8 Apr 2026.
- Biz2 Creddit Info Services Pvt. Ltd vs Andromeda Sales and Distribution — NCLAT, 30 Jan 2023 (recovery/insolvency-adjacent matter; company was respondent).
Two further results (Sunil Goel & Anr vs The State, Delhi HC 2016; Afreen vs State of U.P., Allahabad HC 2023) mention loan-fraud matters involving Bajaj Finance/home loans but do not clearly name this company as a party — flagged as low-relevance/possibly tangential, not counted as confirmed litigation against this entity.
Competitors
Partial / conflicting- Named India loan-distribution/DSA-and-marketplace peers (general market knowledge, not from a single confirming source, so treat as indicative): BankBazaar (larger digital marketplace, comparable/larger reach), Paisabazaar/PB Fintech (larger, listed-group backed), CreditMantri (mid-size credit-marketplace), LoanTap (smaller, direct-lending NBFC hybrid), MyMoneyMantra (comparable DSA-style aggregator)
- Andromeda positions itself as the largest offline DSA network by branch/partner count among these
Frequently Asked Questions
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