GyanDhan Market Research Report

Company Overview

Name and Mission of the Company

Name: GyanDhan

Mission: To enable Indian youth to achieve higher education through accessible financial products.

Founding Details

Founded: 2016

Founders: Ankit Mehra and Jainesh Sinha

Key People in the Company

Ankit Mehra: Chief Executive Officer

Jainesh Sinha: Chief Operating Officer

Aman Jain: Chief Marketing Officer

Headquarters

Location: No.262, First Floor, Westend Marg, Saiyad-Ul-Ajaib Extension, Saket, New Delhi - 110030

Number of Employees

Number: 41 members (as specified in their growth overview article)

Revenue

Revenue: No specific information available.

Company Recognition

Known For: India's first education financing marketplace that assesses loan eligibility using students’ financial and academic data.

Accomplishment: Ranked Number 27 Fastest Growing Technology Company in Deloitte Technology Fast 50 India.

Products

Overview of Products and Services

The company offers a suite of financial products and resources aimed at assisting students with their study abroad journey:

Education Loans

Description: GyanDhan specializes in facilitating education loans for Indian students aspiring to study abroad.

Unique Model: Uses a proprietary risk scoring model, the GyanDhan Score, to assess students’ loan eligibility based on future employability.

Loan Partners: Collaborates with multiple financial institutions including SBI, Axis, ICICI, IDFC First, and more.

Other Financial Services

Forex Card: Offers a card with no exchange fees and cashback options for international transactions.

Visa Counseling: Prepares students for visa interviews to enhance approval chances.

Accommodation Services: Assists with booking affordable housing near universities.

Key Features of Educational Loans

Streamlined Loan Process: Provides a simplified and efficient loan application process that partners with diverse lenders.

No-cost EMIs and Instant Approval: Special features include interest-free loans for certain programs, faster disbursement cycles, and tailored loan solutions.

Recent Developments

Recent Developments in the Company

1. NBFC License Acquisition: GyanDhan received an NBFC license from the Reserve Bank of India, allowing it to design new loan solutions and increase loan disbursements.
2. Platform Expansion: Including skill-building loans alongside education loans with an aim to disburse 45,000 such loans by the end of 2021.
3. Partnerships Expansion: Collaborations with 350 institutions, ed-tech platforms, and coaching institutes to deliver interest-free education loans.

New Products and Features

Skill-Building Loans: Continuing to grow its services by offering loans focused on skill development courses.

Partnerships and Collaborations

Partnership with Lenders: Maintains strategic partnerships with key banks and financial institutions such as Axis Bank, SBI, ICICI, and other specialized lenders like MPower Finance, Prodigy, etc.

Additional Information

Number of Loans Disbursed: Over 25,000 loans since inception.

Total Loan Amount Disbursed: Over ₹8000 Crore.

Supported Universities: Over 3400 globally, highlighting their expansive reach and support for educational aspirations.

Overall, GyanDhan stands as a pivotal player in the education fintech landscape, providing Indian students with invaluable resources and support to pursue their academic goals abroad, backed by innovative financial assessment models and strategic partnerships.