Company Intelligence Profile
Swara Fincare Limited
Swara Fincare Limited (SFL) is a new-age Non-Banking Financial Company (NBFC-ND) incorporated in June 2020, headquartered in the Delhi-NCR region (registered office Uttam Nagar, New Delhi; head office in Noida, UP; corporate office in Udyog Vihar, Gurgaon).
Last updated 20 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Partial / conflicting| Registered name | Swara Fincare Limited |
|---|---|
| CIN | U65999DL2020PLC364228 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | Unlisted; has listed NCDs/bonds on Wint Wealth platform |
| Incorporated | 02 June 2020 |
| ROC | Registrar of Companies, Delhi |
| Sector (NIC) | Financial Services — NBFC (Investment & Credit Company / "Other Financial Intermediation N.E.C."); RBI NBFC-ND certificate obtained September 2021 |
| Registered address | Plot No. 17B and 18B, Third Floor, Gali No. 3, Sidhatri Enclave, Uttam Nagar, West Delhi, New Delhi, Delhi 110059 |
| Authorized capital | Rs. 32.6 Cr vs Rs. 35.1 Cr — flagged as a source conflict, not resolved |
| Paid-up capital | Rs. 16.23 Cr / Rs. 162,252,770 vs Rs. 19.71 Cr — flagged as a source conflict, not resolved |
Business Overview
Confirmed- Swara Fincare Limited (SFL) is a new-age Non-Banking Financial Company (NBFC-ND) incorporated in June 2020, headquartered in the Delhi-NCR region (registered office Uttam Nagar, New Delhi
- head office in Noida, UP
- corporate office in Udyog Vihar, Gurgaon)
- It received its RBI certificate of registration in September 2021 (not independently verified against an RBI primary source)
- SFL focuses on financial inclusion for under-banked rural and semi-urban populations, providing customized loans/financing to "stage entrepreneurs" and small farmers, along with bundled life/health/general insurance products, delivered partly via a mobile app for loan tracking and EMI payments
- Per the company's own website (as of the site's stated date), it operates 35 branches across 5 states with ~Rs. 141.72 Cr in Assets Under Management and cumulative disbursements of ~Rs. 413.62 Cr, reporting ~46,205 "lives impacted." Employee headcount is reported differently across sources: ~545 vs 208 via EPFO records — a source conflict, not resolved
- Founders are named as Dev Verma and Mukund Madhav
Directors
Partial / conflictingSource conflict on board composition/timing: Tofler (older snapshot) lists Sudha Agarwal (DIN 06474424), Vinod Prasad (DIN 08893514), Dev Verma (DIN 08250469, Managing Director), and Jamuna Rao Verghese (DIN 01774919). TheCompanyCheck (more recent) lists a changed board: Eric Savage (Nominee Director, appointed 3 Sep 2025), Jamuna Rao Verghese (Director, appointed 14 Jan 2025), Mukund Madhav (Additional Director, appointed 3 Sep 2025), Dev Verma (CEO, appointed 1 Apr 2024), Sudha Agarwal (Director, appointed 2 Jun 2020), Rajesh Chandra Gupta (Director, appointed 14 Jan 2025) — DINs not given for this later set. Key managerial personnel: CEO Dev Verma, CFO Sumit Ranjan (TheCompanyCheck). Only DINs for Sudha Agarwal, Vinod Prasad, Dev Verma, and Jamuna Rao Verghese are confirmed (Tofler, single source, not cross-verified with Falconebiz — falconebiz.com was not successfully queried this pass).
Financials
Partial / conflicting- FY ended 31 March 2025: Revenue ~Rs. 30.68 Cr / Rs. 25-50 Cr band with +61.96% YoY growth — figures roughly consistent (~Rs. 30-31 Cr, ~62-63% YoY growth)
- EBITDA and PAT: locked/restricted on both aggregator sites — not obtained
- Net worth: increased 90.59% YoY
- Borrowings: increased 83.69% YoY
- flagged as a possible internal inconsistency in the source)
- No confirmed absolute PAT, EBITDA, or net worth rupee figures obtained from any source in this pass
Funding
Partial / conflicting- Total funding reported as ~$3.28M (~Rs. 27 Cr) across 4 rounds from a large investor base
- Latest round: ~$2.31M closed 30 Sep 2024, described as a "Series A" in one Tracxn-derived snippet, with UC Impower cited as lead investor
- Investor base described as ~90 investors total: ~10 institutional (including Zoom Insurance Brokers) and ~80 angel investors
- other named investors include Piper Serica and Alteria Capital
- This is aggregator-sourced and not cross-verified with a second independent source — treat as partial/unconfirmed
Charges & Loans
Partial / conflicting- major charge holders/lenders include Vivriti Capital Limited (~Rs. 18 Cr), Northern Arc Capital Limited (~Rs. 17 Cr), Caspian Impact Investments Private Limited (~Rs. 14 Cr), UC Inclusive Credit Private Limited (~Rs. 13 Cr), and Ambium Finserve Private Limited (~Rs. 10 Cr)
- Per TheCompanyCheck: aggregate open charges of ~Rs. 140.01 Cr and satisfied charges of ~Rs. 72.4 Cr (cumulative, not broken out by individual charge-holder in the fetched extract)
- The company has also issued multiple retail NCDs/bonds (9 listed on Wint Wealth) with coupons of 15.80%-17.00% and issue sizes of Rs. 1.60-5.00 Cr each, maturities from Aug 2024 through Jun 2026 — no credit rating disclosed for these instruments in the fetched content
Competitors
Partial / conflictingFrequently Asked Questions
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