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.