Pahal Financial Services Pvt.

Pahal Financial Services Pvt.Founded in 2011 and headquartered in Ahmedabad, India, Pahal Financial Services Pvt. Limited focuses on microfinance offerings, primarily targeting underserved populations. The company was established by Akhilesh Kumar, Kartik Mehta, Siddarth Chaturvedi, and Sharad Singh.Pahal Financial Services Pvt. Ltd. primarily offers microfinance solutions aimed at low-income households, positioning itself as a Non-Banking Financial Company (NBFC) specifically focused on microfinance institutions (MFI). The company's core product offerings include Joint Liability Group Loans, Individual Loans, and Vehicle Loans, designed to enhance financial inclusion for underserved populations in both rural and urban areas. These services enable clients to fund essential needs, from small business ventures to personal mobility solutions, addressing critical economic challenges faced by low-income families. Pahal operates across multiple states in India, with a client base exceeding 1 million satisfied customers, who benefit from the company's focus on transparency, dignity, and affordability.Pahal Financial Services generates revenue primarily through interest income from its microfinance lending activities. The transaction structure typically involves providing loans to clients, who then repay these loans in installment payments over a defined period. For instance, a customer may secure a Joint Liability Group Loan, which allows multiple individuals to borrow collectively, facilitating access to funds that they might not qualify for individually. This approach encourages accountability among borrowers while enhancing the company's risk management.In April 2022, Pahal Financial Services Pvt. Pahal aims to expand its reach into new markets, specifically targeting additional rural regions in India by the end of 2024.

1. Series A

   Mar 31, 2022

   Amount

   $9.5M

   Investors

   Locked