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.