What we do Emerald Finance Limited is an India-based NBFC providing technology-led financial services, including earned wage access, personal and MSME loans, and gold loan syndication. |
Founded in 1,983 |
Market share Established presence in retail and MSME lending with 40+ financial partnerships and 200+ cities coverage, focusing on digital, asset-light growth. |
Problem solved Addresses liquidity gaps for employees and creditworthy SMEs by providing flexible, tech-driven lending solutions to improve financial wellness and access. |
Top clients or who we serve Serving 6.5 lakh retail and MSME clients, plus 180+ corporate partners; operating B2B2C with financial institutions and fintech collaborations. |
Key management Mr. Sanjay Aggarwal (Managing Director), Mrs. Anubha Aggarwal (Director), Mr. Manjeet Kaushik and Mr. Akshay Agarwal (Independent Directors). |
Our journey and innovations Started as a leasing company in 1983; obtained NBFC license in 2015; evolved into digital-first lending; launched Emerald EWA app in 2025; expanded loan syndication services. |
Where we operate Primarily in North India including Chandigarh, Punjab, Haryana, Delhi, Uttar Pradesh, with growing pan-India partnerships via fintech platforms. |
Top products or what we offer Earned Wage Access platform, personal loans, business loans, and gold loan syndication through its NBFC and subsidiary Eclat Net Advisors Private Limited. |
Top brands Emerald EWA: #1 digital wage access platform with 180+ corporate clients; Shubhbank.com: key channel for retail loan distribution. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mix includes recurring fees from wage access transactions and cyclical interest from loan products. |
Our industry position Noted digital NBFC with strong fintech integration; expanding market share in retail and MSME segments with technology leverage. |
Financial highlights FY25 consolidated revenue ₹21.6 crore; net profit ₹9 crore; EBITDA margin improving with 55%+ PAT margin in recent quarters. |
Geographical revenue split Primary revenue from North India and emerging pan-India digital lending partnerships. |
Order book - |
Whats driving growth Digital lending adoption, expanding corporate partnerships for Earned Wage Access, gold loan syndication demand, and institutional tie-ups. |
Our future plans Scale Emerald EWA platform, deepen corporate onboarding, grow loan book across personal and MSME lending, enhance digital infrastructure. |
Our green promise Committed to resource conservation with initiatives to reduce electricity and water consumption. |
Our people and values Over 6.5 lakh customers served; culture focused on transparency, empathy, employee empowerment, and compliance adherence. |
Key challenges ahead Managing credit risk, technology integration scale-up, regulatory compliance, and competition in growing fintech NBFC market. |
Interesting facts Launched India’s rapidly growing digital wage access platform; stock options granted to align staff with growth ambitions. |
Risks and strategy Risk management policy in place with periodic assessments; strategy focuses on tech-enabled growth, regulatory compliance, and strong partnerships. |
