When was Andromeda founded?

Andromeda was founded in 1991 and raised its 1st funding round 20 years after it was founded.

Where is Andromeda located?

Andromeda is headquartered in Mumbai, India. It is registered at 127, Creative Industrial Premises, Sunder Nagar, Kalina, Santacruz(E), Vidyanagari, Mumbai, Mumbai, Maharashtra, India, 400098.

Who is the current CEO of Andromeda?

V Swaminathan of Andromeda. They have also founded 1 company.

Which legal entities is Andromeda associated with?

Andromeda is associated with ANDROMEDA SALES AND DISTRIBUTION PRIVATE LIMITED and 2 others.

How many employees does Andromeda have?

As of Apr 30, 2026, the latest employee count at Andromeda is 4423.

Is Andromeda a funded company?

Andromeda is a funded company, having raised a total of $6.62M across 2 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Oct 24, 2011.

How much is Andromeda worth?

The last known valuation of Andromeda was ₹***** as of Oct 18, 2012.

When was the latest funding round of Andromeda?

Andromeda's latest funding was a $***** Angel round on Jun 20, 2012, with participation from 5 investors.

What is the annual revenue of Andromeda?

Annual revenue of Andromeda is more than ₹1,000 Cr as on Mar 31, 2025

Where does Andromeda rank among its competitors?

Andromeda ranks 5th amongst 2725 active competitors, of which 18 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Bags, which secured $2.75M in Dec, 2025.

Who are the top competitors of Andromeda?

Andromeda's top competitors include Lower, RoundPoint Mortgage and Meridian Capital. Among them, Bags secured the most recent funding round in December, 2025.

Andromeda - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Chains providing loan distribution services. These entities facilitate the connection between financial institutions and individuals seeking credit products. They operate as intermediaries that manage the application process for various lending options. The services include assisting with documentation and coordinating between borrowers and lenders to ensure the processing of financial requests.

Website: www.andromedaloans.com/
Social
Email ID: *****@andromeda.in
Phone Number: +91 **********
Registered Address: 127, Creative Industrial Premises, Sunder Nagar, Kalina, Santacruz(E), Vidyanagari, Mumbai, Mumbai, Maharashtra, India, 400098

Key Metrics

Founded Year

1991

Location

Mumbai, India

Stage

Acquired

Total Funding

$6.62M in 2 rounds

Latest Funding Round

Angel, Jun 20, 2012, $*****

Last Known Valuation

₹***** as on Oct 18, 2012

Investors

Ketan Gogri & 9 more

Ranked

5^th among 2725 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

4,423 as on Apr 30, 2026

Similar Companies

Lower & 2791 more

Exit Details

Acquired by Metdist (Aug 20, 2019)

View Andromeda's full profile

Andromeda is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
ANDROMEDA REALTY ADVISORS PRIVATE LIMITED CIN: U70100MH2001PTC133346 , India, Active	Sep 12, 2001	0 - ₹10 Cr (As on Mar 31, 2025)	18 (As on Apr 30, 2026)
ANDROMEDA SALES AND DISTRIBUTION PRIVATE LIMITED CIN: U74900MH2008PTC181654 , India, Active	Apr 28, 2008	₹1,000+ Cr (As on Mar 31, 2025)	4259 (As on May 01, 2026)
ANDROMEDA SALES AND DISTRIBUTION PRIVATE LIMITED CIN: U74999MH2010PTC203612 , India, Amalgamated	Jun 02, 2010	₹1,000+ Cr (As on Mar 31, 2024)	4236 (As on Apr 30, 2026)

Andromeda got acquired by Metdist on Aug 20, 2019.

Click here to take a look at Andromeda's acquisition in detail

Andromeda has raised a total funding of $6.62M over 2 rounds. Its first funding round was on Oct 24, 2011. Its latest funding round was a Angel round on Jun 20, 2012 for $*****. 5 investors participated in its latest round. Andromeda has 10 angel investors.

Here is the list of recent funding rounds of Andromeda:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 20, 2012	6112741	Angel	1741902	9741459	1414387	3059115
Oct 24, 2011	6947696	Angel	5213548	5702961	Ketan Gogri	Murzash Manekshana & 1 more

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View details of Andromeda's funding rounds and investors

The founders of Andromeda is V Swaminathan. V Swaminathan is the CEO of Andromeda.

Here are the details of Andromeda's key team members:

V Swaminathan: Founder & CEO of Andromeda.

Andromeda's Board of Directors

Andromeda's board has 4 active members. Venugopalan Swaminathan is part of team and Prasad Desai, Rajan Mittal and George Mark Thornton are independent board members.

Here is the list of Andromeda's board of directors:

Name	Type	Representing	Status	Duration
Venugopalan Swaminathan	Team	-	Current	11y 8m
Prasad Desai	Independent board member	-	Current	6y 10m
vjagtaf	Independent board member	-	Current	4y 1m
rttdzrz	Independent board member	-	Past	9y 5m

View details of Andromeda's Founder profiles and Board Members

Andromeda's employee count trend

Andromeda has 4,423 employees as of Apr 26. The total employee count is 13.0% lower than what it was in Apr 25. Here is Andromeda's employee count trend over the years:

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Top competitors of Andromeda include Lower, RoundPoint Mortgage and Meridian Capital. Here is the list of Top 10 competitors of Andromeda, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lower 1996, New Albany (United States), Series A	Direct-to-consumer mortgage lender offering home purchase, refinance, and home equity loans	$100M	Accel	59/100
2nd	RoundPoint Mortgage 2007, Charlotte (United States), Acquired	Credit broker	$98.3M	Tavistock Group, Bank of America	51/100
3rd	Meridian Capital 1991, New York City (United States), Funding Raised	Credit broker	-	JPMorgan Chase	50/100
4th	Eastern Union 2001, New York City (United States), Funding Raised	Mortgage broker	-	-	49/100
5th	Andromeda 1991, Mumbai (India), Acquired	Chains providing loan distribution services	$6.62M	-	49/100
6th	Franklin Credit 1988, Jersey City (United States), Public	Loan broker	$500K	-	48/100
7th	Bags 2021, New York City (United States), Seed	Provider of business loans services	$7M	Ford Foundation, Slauson & 11 others	48/100
8th	CMLS Financial 1974, Vancouver (Canada), Acquired	Provider of commercial, residential, and institutional mortgage services	-	-	46/100
9th	NorthMarq 1960, Minneapolis (United States), Funding Raised	Provider of commercial real estate debt, equity, financing, loan servicing, and investment sales services	-	-	44/100
10th	Cortland 2008, Chicago (United States), Acquired	Credit broker	$7.59M	-	43/100

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Angels own 20.71% and Other People (largest shareholder) own 79.27%.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Angel	20.71%	8.94Cr	6946926	6067174	2769722	9300146
Ketan Gogri	7	7	5	5	7	3
Murzash Manekshana	0	0	0	0	0	0
Sonali Joshi	0	0	0	0	0	0
Other People	79.27%	34.2Cr	8006936	2899043	4334829	8079305
Total	99.98%	43.1Cr	3367043	2905308	4097780	9057825