Prayas Financial Services Private Limited logo — Non-Banking Finance Company-Microfinance

Prayas Financial Services Private Limited

Non-Banking Finance Company-Microfinance

Founded 2017 India India 198 employees Finance, Financial Services +1

General Information

Company Name Prayas Financial Services Private Limited
Founded Year 2017
Location India India
Employees 198
Industries Finance, Financial Services, Banking
Social

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About Prayas Financial Services Private Limited

Prayas Financial Services Private Limited is a Non-Banking Finance Company (NBFC - MFI), registered with the Reserve Bank of India (RBI). Established in 2017 as a subsidiary of Ananya Finance, it aims to empower low-income communities by providing them with the means to uplift their income and improve their quality of life.

Headquartered in Gurugram, Haryana, Prayas is currently operating in 4 states: Gujarat, Rajasthan, Uttar Pradesh, and Madhya Pradesh, with 90+ branches and 750+ employees. Utilizing a fully automated end-to-end technology stack, it is focused on expanding its presence in the microfinance sector.

Prayas Financial Services Private Limited's dedication to serving the low-income population, along with its strong technological infrastructure, positions it as a promising player in the finance, financial services, and banking industries. As of now, there is no publicly available information about its last investment or the involved investors.

Taxonomy: Microfinance, NBFC, Financial Inclusion, Community Empowerment, Poverty Alleviation, Operational Expansion, Technology Integration, Employee Management, Partnership Development, Rural Finance, End-to-End Automation, Branch Network, Low-Income Communities

No funding data available for Prayas Financial Services Private Limited yet.

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FAQ About Prayas Financial Services Private Limited

Non-Banking Finance Company-Microfinance
Prayas Financial Services Private Limited was founded in 2017.
Prayas Financial Services Private Limited is headquartered in India.
Prayas Financial Services Private Limited operates in Finance, Financial Services and Banking. Its work centres on Microfinance, NBFC, Financial Inclusion and Community Empowerment.
Prayas Financial Services Private Limited has approximately 198 employees.
Top alternatives and competitors to Prayas Financial Services Private Limited include Pahal Financial Services Pvt. Ltd., Mitrata Inclusive Financial Services Private Limited, Saija Finance Pvt. Ltd., Annapurna Microfinace, Light Microfinance. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Prayas Financial Services Private Limited and Pahal Financial Services Pvt. Ltd. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Prayas Financial Services Private Limited, https://bouncewatch.com/company/prayas-financial-services-private-limited, updated 8 January 2025. When citing, please name BounceWatch and link this page.

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