COMPANY PROFILE

Veritas Finance

Veritas Finance has been promoted with a primary purpose of meeting the working capital and business credit requirements of the small bus

Chennai, IndiaFounded 2015Fintech

Valuation $1–2.5B Last recorded · 2024

Revenue $100–500M Latest reported FY

Headcount 2–5k Current team size

Total funding $100–500M Disclosed equity funding

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About Veritas Finance

Veritas Finance Private Limited is a financial services company based in India, primarily serving the micro, small, and medium enterprises (MSMEs). These businesses are often overlooked by traditional financial institutions, leaving a significant gap in the market that Veritas aims to fill. The company's mission is to make credit easily accessible to this segment, thereby positively impacting the lives of millions of Indians involved in informal activities.

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The company operates in the financial services industry, specifically in the lending sector. Its business model revolves around providing loans to MSMEs, a segment that has been largely underserved by traditional banks and financial institutions. By targeting this niche, Veritas has positioned itself as a key player in the Indian financial landscape.

Veritas Finance generates revenue through the interest it charges on the loans it provides. The company recently secured an investment of INR 1,200 Crore led by Multiples Private Equity, which included a primary issuance of ₹400 crore and provided a partial exit to early investors, British International Investment and Lok Capital.

The company prides itself on its ethical and responsible engagement with people, offering inclusive and sustainable finance through transparent and fair practices. It remains accessible to the underserved segment, particularly the self-employed and small business segment of society.

Source: Dealroom company data