# Pahal Financial Services Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pahal-financial-services-pvt

- Industry: Financial Services
- Headquarters: Ahmedabad, India
- Website: www.pahalfinance.com
- Total disclosed funding: $9.5M
- Latest round: Series A (Mar 31, 2022)
- Investors on record: 1

## About

Pahal Financial Services Pvt. Limited is a Non-Banking Financial Company (NBFC) that specializes in providing microfinance solutions to enhance financial inclusion for low-income households in India.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. To date, it has successfully completed three funding deals, with the latest round occurring on April 11, 2022, when it raised INR 720.01 million in funding from Gawa Capital, bringing its total amount raised to INR 720.01 million.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. The organization aims to reach a target of 2 million clients while promoting sustainable development within marginalized communities.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. For the most recent year, the company reported a revenue of INR 33,906,466.30 and an EBITDA of INR 21,563,309.20.In April 2022, Pahal Financial Services Pvt. Limited raised INR 720.01 million in venture funding from Gawa Capital as part of a larger equity and debt round. The company plans to utilize this funding to enhance its agriculture and allied services portfolio by leveraging Gawa Capital's expertise in supporting farmers from developing countries. Pahal aims to expand its reach into new markets, specifically targeting additional rural regions in India by the end of 2024.

## Funding rounds

- Series A, Mar 31, 2022, $9.5M — GAWA Capital

## Investors

- GAWA Capital (https://capitalatlas.ai/funds/gawa-capital) — Series A