Akara Capital: Transforming Digital Lending With AI And Fintech
Introduction To Akara Capital Advisors Pvt. Ltd.
Akara Capital Advisors Private Limited (ACAPL) is a non-deposit-taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI) since January 2017. Headquartered in Delhi, ACAPL specialises in providing unsecured short-term personal loans to salaried individuals through digital platforms such as web and mobile applications. The company leverages advanced data analytics to redefine traditional underwriting processes and enhance credit assessment. Through a strategic partnership with StashFin, a leading fintech platform, ACAPL offers 24/7 personalised lending solutions, ensuring easy and quick access to credit for its customers.
ACAPL is a 100% subsidiary of MTPL, a Singapore-based neobanking startup backed by reputed investors such as Blowfish Ventures, Tencent Group, Fasanara Capital, Altara Ventures, and Uncorrelated Ventures. The company operates alongside its sister concern EQX Analytics Private Limited (EQXAPL), which manages StashFin’s technology platform and sources lead for lending. As of March 31, 2024, ACAPL had a total managed asset base of INR 1,996 crore and reported a profit after tax (PAT) of INR 696 crore, showcasing strong financial growth compared to previous years. With a focus on digital-first lending, risk analytics, and seamless customer experience, ACAPL continues to scale its operations while maintaining financial stability and operational efficiency.
Board Of Directors Of Akara Capital
As of December 24, 2024, the Board of Directors of Akara Capital Advisors Private Limited comprises the following members:
- Tushar Aggarwal – Managing Director
- Shruti Aggarwal – Director
- Radhakrishnan Ramachandra Iyer – Director
- Vijuy Ronjan – Director
- Vijay Jasuja – Director
Source: Akara Capital Advisors Private Limited1
Please note that board compositions can change over time. For the most current information, it's advisable to consult official company filings or the Ministry of Corporate Affairs.
Products Offered By Akara Capital
Akara Capital Advisors Private Limited offers two primary financial products designed to meet the diverse needs of its clients:
1. Personal Loans
Akara Capital provides personal loans up to INR 10,00,000 with repayment periods extending up to 36 months. Interest rates start from 11.99% Annual Percentage Rate (APR), though the exact rate may vary depending on individual circumstances. Repayments are structured as Equal Monthly Instalments (EMIs) facilitated through electronic payments. The company emphasises transparency by charging low platform fees and ensuring there are no hidden costs associated with the loans.
2. Bonds
Demonstrating innovation in the financial sector, Akara Capital became the first fintech Non-Banking Financial Company (NBFC) to list Non-Convertible Debentures (NCDs) with a reduced face value of INR 10,000 on the Bombay Stock Exchange (BSE). This initiative leverages the Securities and Exchange Board of India's (SEBI) recent amendments under the Issue and Listing of Non-Convertible Securities Regulations, 2024. The goal is to democratise bond investments, making them more accessible to retail investors and broadening participation in the bond market. This first NCD with a face value of INR 10,000 was launched by Grip Invest. Grip is the first OBPP (Online Bond Platform Provider) to bring privately placed corporate bonds with a face value of INR 10,000 to retail investors.
Innovation Technology At Akara Capital
Akara Capital Advisors Private Limited (ACAPL) is at the forefront of technology-driven financial solutions, leveraging cutting-edge innovations to simplify lending and enhance customer experience. The company’s strategic focus on data analytics, digital lending platforms, and automation ensures seamless, efficient, and secure financial services for its borrowers. By integrating technology into its operations, Akara Capital streamlines loan approvals, credit risk assessment, and fund disbursement, making borrowing more accessible and hassle-free.
Partnership With StashFin: A Fintech-Driven Lending Ecosystem
One of the key pillars of Akara Capital’s innovation strategy is its partnership with StashFin, a leading neobanking and fintech platform. StashFin acts as the technology backbone for Akara’s lending operations, facilitating AI-powered underwriting, real-time credit decisions, and automated loan disbursal.
Through this collaboration, Akara Capital is able to:
1. Enhance Borrower Experience – StashFin’s digital lending platform ensures that loan applications, approvals, and fund transfers are processed 24/7, reducing wait times for customers.
2. Leverage AI And Data Analytics – The platform utilises advanced AI-driven risk assessment models to analyse borrower profiles, improving accuracy in credit decision-making and reducing default risks.
3. Improve Financial Inclusion – With a focus on unsecured personal loans, the partnership enables wider financial accessibility for salaried professionals who may have limited credit history.
4. Seamless Digital Infrastructure – The integration allows borrowers to apply for loans via mobile and web platforms, track repayment schedules, and manage their finances digitally, ensuring a paperless and user-friendly experience.
5. Scalability and Co-Lending Opportunities – StashFin's platform also enables co-lending partnerships, allowing Akara Capital to collaborate with other financial institutions and expand its lending reach.
By leveraging StashFin’s technological infrastructure and expertise in digital lending, Akara Capital is redefining the traditional lending landscape, making credit accessible, convenient, and efficient for borrowers across India. This fintech-driven approach positions Akara Capital as a key player in the rapidly evolving digital lending ecosystem.
Key Strengths Of Akara Capital
1. Experienced Leadership And Strong Group Support
Akara Capital is led by Tushar Aggarwal and Prikshit Chitalkar, who together have over 30 years of experience in investment banking, private equity, risk management, technology, and data analytics. The company benefits from being a part of the Morus Group, which provides shared infrastructure, business linkages, and operational expertise, strengthening Akara’s growth and stability.
2. Backing From Strong Investors
Akara Capital is supported by top institutional investors such as Tencent Group, Fasanara Capital, Altara Ventures, and Uncorrelated Ventures. These investors bring financial stability and industry expertise, helping Akara expand its lending capabilities. Additionally, the company has built strong co-lending partnerships with reputable institutions like Cholamandalam Finance, Incred Finance, and Northern Arc Capital, further reinforcing its lending strength.
3. Solid Capital Base
Akara maintains adequate capitalisation, supported by regular investments from its parent company, MTPL, and retained earnings. As of March 2023, its net worth stood at INR 337 crore, with a debt-to-equity ratio of 2.51x and a Capital Adequacy Ratio (CRAR) of 27.33%, ensuring financial stability and compliance with regulatory requirements.
4. Strong Debt Partnerships
The company has established reliable partnerships with leading banks and NBFCs for funding, including Kotak Mahindra Investments, Federal Bank, AU Small Finance Bank, TATA Capital, MAS Financial Services, and Oxyzo Financial Services. These partnerships provide a steady source of funding and enable Akara to expand its lending operations efficiently.
5. Healthy Liquidity Position
Akara Capital maintains a strong liquidity position, with INR 295 crore in cash and bank balances as of March 31, 2023. The company expects INR 884 crore in loan repayments over the next year, which is more than enough to cover its INR 580 crore in debt obligations. This ensures that Akara has sufficient liquidity to meet its financial commitments and continue lending without disruptions.
These strengths position Akara Capital as a trusted and well-capitalised NBFC, backed by expert leadership, strong investors, strategic partnerships, and robust liquidity management.
Source: Annual report of Akara Capital Advisors Private Limited and Management information
Financial Snapshot Of Akara
Source: ICRA Limited2
To arrange the capital, Akara also offers corporate bonds. These opportunities from the company are secured and are rated by credit rating agencies. On Grip Invest, investors invested in ICRA ‘BBB’ rated bonds of the company that offered fixed returns of up to 14%. To invest in similar, rated, regulated and secured fixed-income opportunities sign-up for Grip Invest today and start earning fixed returns:
References:
- Akara Capital, accessed from: https://www.akaracap.com/about-us/
- ICRA Ratings, accessed from: https://www.icra.in/Rating/GetRationalReportFilePdf?id=129305
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