SK Finance - About the company
SK Finance is a series G company based in Jaipur (India), founded in 1994 by Shalini Setia and Rajendra Kumar Setia. It operates as a Provider of financial services including commercial vehicle, car, tractor, construction equipment, two-wheeler, home renovation, and business loans. SK Finance has raised $370M in funding from investors like TPG, Norwest and Evolvence Equity Partners, with a current valuation of $*****. The company has 1168 active competitors, including 95 funded and 202 that have exited. Its top competitors include companies like Northern Arc Capital, AYEFin and Hinduja Leyland Finance.
Company Details
Provider of financial services including commercial vehicle, car, tractor, construction equipment, two-wheeler, home renovation, and business loans. This non-banking financial company offers a range of credit solutions to support the needs of individuals and small businesses. The organization focuses on providing accessible funding options for both new and used assets, ensuring efficient application and disbursement processes to assist customers in achieving their financial goals.
- Website
- www.skfin.in/
- Social
- Email ID
- *****@skfin.in
- Phone Number
- +91 **********
- Registered Address
- G 1-2, NEW MARKET, KHASA KOTHI, JAIPUR, Rajasthan, India, 302001
Key Metrics
Founded Year
1994
Location
Jaipur, India
Stage
Series G
Total Funding
$370M in 13 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jan 05, 2024
Ranked
7th among 1168 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
12,969 as on Aug 31, 2025
Investment & Acquisitions
Similar Companies
Legal entities associated with SK Finance
SK Finance is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
SK FINANCE LIMITED CIN: FC031661 , United Kingdom, Active | Aug 04, 2013 | - | - | |
Rkumar Premises Llp CIN: AAM-9620 , India, Active | Jul 12, 2018 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
SK Finance CIN: 40103561262 , Latvia, Active | Jul 02, 2012 | €0 - €1M (As on Dec 31, 2024) | - | - |
SK FINANCE LIMITED CIN: U65923RJ1994PLC009051 , India, Active | Nov 21, 1994 | ₹1,000+ Cr (As on Mar 31, 2025) | 12848 (As on May 01, 2026) |
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SK Finance's funding and investors
SK Finance has raised a total funding of $370M over 13 rounds. Its first funding round was on Dec 29, 2008. Its latest funding round was a Series G round on Sep 13, 2023 for $*****. 12 investors participated in its latest round. SK Finance has 39 institutional investors and 38 angel investors.
Here is the list of recent funding rounds of SK Finance:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 13, 2023 | 2117219 | Series G | 9904468 | 4120562 | 8031462 | 7562580 |
Dec 23, 2021 | 9997994 | Series F | 9244374 | 9301645 | 1658146 | |
May 12, 2021 | 1730354 | Series E | 6356972 | 7475743 |
Access funding benchmarks and valuations. Sign up today!View details of SK Finance's funding rounds and investors
SK Finance's founders and board of directors
Founder? Claim ProfileThe founders of SK Finance are Shalini Setia and Rajendra Kumar Setia. Rajendra Kumar Setia is the CEO of SK Finance.
Here are the details of SK Finance's key team members:
- Shalini Setia: Co-Founder of SK Finance. They are also an angel investor in 1 startup.
- Rajendra Kumar Setia: Founder & CEO & MD of SK Finance. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 phone number
SK Finance's Board of Directors
SK Finance's board has 8 active members. Simit Batra, Debanshi Basu and Rajendra Kumar Setia are part of team and Yash Setia, Anand Raghavan ., Mukul Mathur, Nanda Sameer Dave and Amar Lal Daultani are independent board members.Here is the list of SK Finance's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 31y 11m | |
Investor | - | Current | 3y 4m | |
qcusoyf | Investor | - | Past | 6y 2m |
Independent board member | - | Current | 3y 9m | |
fk{smag | Independent board member | - | Current | 6y 6m |
gqxdukm | Independent board member | - | Current | 9y 6m |
giswv{p | Independent board member | - | Current | 7y 1m |
kdyjwyo | Independent board member | - | Current | 7y 6m |
View details of SK Finance's Founder profiles and Board Members
SK Finance's employee count trend
SK Finance has 12,969 employees as of Aug 25. The total employee count is 7.0% more than what it was in Aug 24. Here is SK Finance's employee count trend over the years:
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SK Finance's Competitors and alternates
Top competitors of SK Finance include Northern Arc Capital, AYEFin and Hinduja Leyland Finance. Here is the list of Top 10 competitors of SK Finance, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Northern Arc Capital 2008, Chennai (India), Public | Provider of household and business loans | $240M | 76/100 | |
2nd | Organization empowering economic transformation of micro enterprises | $164M | 74/100 | ||
3rd |  Hinduja Leyland Finance 2008, Chennai (India), Series C | Provider of commercial vehicle, construction equipment, and personal vehicle financing solutions | $276M | 74/100 | |
4th |  Tata Capital 2007, Mumbai (India), Public | Diversified non-banking financial company | - | 74/100 | |
5th | Bajaj Finserv 2007, Pune (India), Public | Financial services conglomerate offers a range of financial solutions | - | 74/100 | |
6th | Aditya Birla Capital 2007, Mumbai (India), Public | Provider of loans, investments, insurance, UPI, and bill payment services | - | 73/100 | |
7th |  SK Finance 1994, Jaipur (India), Series G | Provider of financial services including commercial vehicle, car, tractor, construction equipment, two-wheeler, home renovation, and business loans | $370M | 73/100 | |
8th | Diversified conglomerate operating across multiple industries | $45.2M | 72/100 | ||
9th | Provider of financial solutions, including loans, for SMEs and corporates | $201M | 71/100 | ||
10th |  Shriram Finance 1979, Mumbai (India), Public | Provider of consumer and SME loans | - | 71/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on SK Finance's competitors? Click here to see the top ones
Financials of SK FinanceFY 25 Available
SK FINANCE LIMITED, the legal entity associated with SK Finance, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of SK FINANCE LIMITED has a compounded annual growth rate (CAGR) of 33% in the last 1 year.
Financial Statement Summary
Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
Income Statement | |||||
Revenue | 2376 | 6428 | 9651 | 3882 | 4064 |
Total Expenses | 8113 | 7871 | 5212 | 6784 | 8680 |
Operating Expenses | 2502 | 4850 | 8378 | 5951 | 9230 |
Operating Income (EBIT) | 7079 | 8261 | 2316 | 9641 | 3961 |
Interest Expenses | 7723 | 1046 | 2151 | 1476 | 2168 |
Taxes | 4603 | 8040 | 9631 | 9330 | 8180 |
Net Profit | 5078 | 3398 | 4375 | 5878 | 8290 |
Balance Sheet | |||||
Assets | 3112 | 3690 | 6767 | 1530 | 9936 |
Accounts Receivables | 3507 | 4575 | 3030 | 3434 | 6642 |
Liabilities | 8157 | 5304 | 9329 | 7166 | 2749 |
Total Debt | 1419 | 3668 | 7592 | 5435 | 8287 |
Accounts Payable | 3467 | 8485 | 5592 | 7953 | 4365 |
Equities | 9484 | 8089 | 7262 | 8382 | 1779 |
Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)
SK Finance's Investments and acquisitions
SK Finance has a total of 1 investment in Infra.Market. SK Finance has not made any acquisitions as of now.Reports related to SK Finance
Here is the latest report on SK Finance's sector:
News related to SK Finance
Filter this listMedia has covered SK Finance for a total of 4 events in the last 1 year, 1 of them has been about partnerships.
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Axis Max Life Insurance Partners with SK Finance to Extend Credit Life Protection to Emerging MarketsThe Tribune•Oct 01, 2026•SK Finance, Axis Max Life Insurance
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SK Finance Reports Strong Q1 FY27 Performance, Sustains Growth MomentumThe Tribune•Aug 03, 2026•SK Finance
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SK Finance’s PE/VC investors look for private-market exit as IPO stallsVCCircle•Feb 04, 2026•SK Finance
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Fibe's lending arm EarlySalary raises Rs 225 Cr in debtEntrackr•Aug 05, 2025•Fibe, InCred Capital, SK Finance, Mas Financial Services and 3 others
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PE-backed SK Finance Taps Offshore Investor for Capital Ahead of Planned IPOVCCircle•Jul 22, 2025•SK Finance
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SK Finance loan book jumps 27% to Rs 13,261 cr in FY25; eyes Rs 2,200 cr via IPONewsDrum•Jul 15, 2025•SK Finance, Norwest Venture Partners, Evolvence India
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SK Finance’s planned IPO back on track, mulls geographical expansionThe Hindu•Aug 21, 2024•SK Finance
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