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KreditWise Reviews

Bengaluru, Karnataka

4.5/ 5

2 reviews

Credit Wise Capital Private Limited (KreditWise) is an unlisted private fintech Non-Banking Financial Company (NBFC) headquartered in Mumbai, Maharashtra. Incorporated in March 2018, the digital-lending platform primarily operates on a branchless, virtual model to provide technology-driven consumer finance, with a specific focus on the two-wheeler financing market. Founded and promoted by Aalesh Avlani, the company is backed by several prominent family offices and high-net-worth individuals, including the Greshma Group, Wallfort Group, MJ Shah Group, and Shanti Group. The core business model leverages an offline sourcing infrastructure integrated with advanced digital underwriting and a dedicated chatbot to ensure hassle-free loan approvals with minimal documentation. Over time, the company has successfully expanded its geographical footprint from a few primary states like Maharashtra, Gujarat, Karnataka, and Telangana to a virtual presence spanning 10 states and over 181 cities across India. To expand its technological and service capabilities, Credit Wise acquired an 80% stake in Analyticsfox Softwares Private Limited (AFX) in late 2023. AFX serves as a critical software subsidiary that specializes in developing customized SaaS lending solutions for the broader BFSI sector. Additionally, the company has established a dedicated collection arm to strengthen recovery and provides allied services such as cross-selling insurance products. Financially, Credit Wise has demonstrated rapid scaling, with its Assets Under Management (AUM) growing at a multi-year CAGR of over 116%, reaching approximately INR 501 crore by March 2024. Its broader loan portfolio outstanding increased further to INR 608.20 crore by December 2024. The company maintains an active co-lending strategy, which accounts for over 41% of its book. Its resource profile is highly diversified across public, private, and small finance banks. For the fiscal year ending March 31, 2024, Credit Wise Capital reported an operating revenue range of INR 1 crore to 100 crore, supported by moderate capitalization levels and a comfortable capital adequacy ratio (CRAR) of 31.19% as of December 2024. The consolidated profit after tax (PAT) stood at INR 4.98 crore during the nine months ending December 31, 2024. The operational leadership is steered by an experienced management team, including CEO and Executive Director Gurpreet Singh Sodhi, who brings over three decades of automotive and banking experience from institutions like HDFC Bank and HDB Financial Services. He is supported by CFO Sushil Relan, a veteran from the State Bank of India, and Chief Risk & Operations Officer Dhananjay Tiwari, formerly Director & CEO at Reliance Capital. While the company faces high operating expenses due to ongoing geographic expansion, it maintains structured risk controls to monitor asset quality, keeping its 90+ days past due (dpd) metrics under control as it scales.