Company Research Report: Digital Lenders Association of India (DLAI)

Company Overview

• Name: Digital Lenders Association of India (DLAI)

• Mission: Digital Lenders Association of India is committed to strengthening the fintech industry in India and the conduct of business on the part of service providers.

• Founded: October 2016

• Founders and Key People:

• Sashank Rishyasringa: Chair, Policy Committee and Ex Officio Chairperson, Co-founder and MD, Capital Float

• Siddharth Mahanot: Secretary and Treasurer, Co-Founder, Indifi

• Manish Lunia: President, Co-Founder, FlexiLoans.com

• Jatinder Handoo: CEO

• Jay Tripathi: Associate Director (Public Policy)

• Sanjay Aggarwal: Co-Chair SRO Committee and Co-Chair, Policy Committee

• Avijit Jain: Chair, Events Committee

• Anurag Jain: Chair, PR Committee and Co-Chair Membership Committee, Co-Founder & Executive Director, KredX

• Anuj Kacker: VP and Chair, Membership Committee, Co-founder, Freo

• Gaurav Chopra: Co-Chair events Committee & Co-chair Membership Committee, Co-Founder & CEO, Indialends

• Shivashish Chatterjee: Chair, SRO Committee, Co-Founder DMI Finance

• Harshvardhan Lunia: Co-chair, Membership Committee and Co-Chair Knowledge Committee, Co-Founder & CEO, Lendingkart

• Shaili Maheshwari: Chair, Knowledge Committee, Managing Director, KapitalTech

• Headquarters: Registered office in Bengaluru, Karnataka and Head office in Gurugram, India.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: DLAI is known as a key player in driving the positive transformation of India’s digital lending landscape by fostering responsible lending practices, advocating for regulatory clarity, and promoting collaboration within the fintech industry.

Products and Services

• Products Offered: DLAI serves as a common platform for credit lenders, policy makers, marketplace firms, analytics firms, consulting firms, law firms, regulatory bodies, and knowledge partners in the fintech space.

• High-level Description: DLAI provides a platform for diverse stakeholders in the digital lending sector to collaborate, share insights, and shape the fintech industry’s framework.

• Key Features:

• Support for developing and learning in the fintech sector including digital lenders, technology service providers, and payment gateways.

• Advisory and consolidation of efforts for the fintech sector in India.

• Representation of Indian fintech companies on a global platform.

• Code of conduct for ethical and responsible digital lending.

Recent Developments

• Recent Developments: DLAI has reiterated its commitment to responsible and ethical lending practices among its members, encouraging a self-regulatory approach with the launch of the second edition of its Code of Conduct in September 2023. This code is aligned with the stringent regulatory framework introduced by the RBI for digital lending.

• New Products Launched: No information is available.

• New Features Added to Existing Products: No information is available.

• New Partnerships: DLAI collaborates with regulatory bodies like MeITY, NPCI, RBI to help formulate policies beneficial to the industry. The Digital Policy Committee has been established for these efforts.

Conclusion

This report provides an in-depth analysis of the Digital Lenders Association of India (DLAI), focusing on its vital role in the fintech industry as well as its impact on the regulatory landscape of digital lending in India. It underscores DLAI's efforts in ensuring responsible lending practices and highlights ongoing initiatives to remain at the forefront of the industry’s evolution.