Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete

with traditional financial methods in the delivery of financial services. Artificial intelligence,
blockchain, cloud computing, and big data are regarded as the "ABCD" of fintech.

Fintech refers to the integration of technology into offerings by financial services

companies to improve their use and delivery to consumers. It primarily works by
unbundling offerings by such firms and creating new markets for them.

India has the second-largest base of internet users. This has a direct impact
on the demand for digitised financial services. In fact, this has made India
the second-largest fintech hub in the world after the US. 
At present, over 2,200 companies are operating in the fintech segment in
India. Around 19% of these companies are in the payments sector. This is
followed by lending and then wealth tech. 

Fintech, as the name suggests, is the amalgamation of finance and

technology. A lot of players in the market are using technology to simplify
financial services such as lending, insurance, investment, trading, and
budgeting among others. 

As the fintech ecosystem expands, many players are focusing on niche

sectors. Needless to say, the development has been nothing short of rapid. 

Fintech Payment Companies in India

The highest number of fintechs in India come under the payments sector.

In this section, let’s have a look at the top fintech payments companies in
India.

ZestMoney
Buy Now Pay Later (BNPL) has caused quite a ripple in the payments
market.
Capitalizing on this wave is ZestMoney, India’s leading Buy Now Pay Later
(BNPL) platform. It helps businesses offer BNPL as a payment option to
their customers. The customer in turn can complete the repayment in 3-4
EMIs with 0% interest.

Cashfree Payments
A payment aggregator and payment gateway, Cashree Payments is one of the
top B2B fintech companies in India. They offer merchants the ability to
collect and disburse payments, verify identity and offer banking as a service
product as well.
Here is a quick look at some of their offerings:

1. Payment Gateway: Domestic and International payment gateway with

the lowest payment gateway charges in India and high transaction
success rates.
2. Payouts: They lead the market share for payouts in India. They help
merchants make Payouts to any bank account, UPI ID or wallet. 
3. Subscription Services: They allow subscription businesses to accept
payments through recurring billing.
4. Verify Identity:  PAN, Bank account and UPI ID verification services
5. Banking as a Service: Helps merchants create bank accounts for their
users instantly. 

Fintech Lending Companies in India

Consumer lending fintech companies in India make up to 17% of total
fintech enterprises. From business loans to consumer loans, the demand for
credit in India is ever-increasing. 
In this section, we will list the top fintech lending companies in India.

Starting with… 
LendingKart
LendingKart is one of the most popular lending platforms in India. Its main
business offerings can be divided into 4 major categories.
1. Business Loan- Lending Kart approves business loans for upto 2 crores
within 5 minutes. Above all, they provide unsecured loans without any
collateral or security. More importantly, they offer fair interest rates and
no hidden costs.
2. Working Capital Loans- are personalized capital loans for SMEs to
meet their working requirements. These loans help small businesses
offset their working expenses during a period of low revenue. 
 3. MSME/SME Loans- These loans are offered to small and medium
businesses and women entrepreneurs for a short-term basis. However,
the duration of the loan is dependent on the lender.
4. Business Loan For Women- LendingKart assures unbiased approval of
loans across gender, caste or race. The loan approval is on the basis of
Big Data technologies and business analytics. 

Blacksoil
Blacksoil is a new-age credit platform that propels fast-growing companies.
It offers personalized credit solutions for small and medium companies,
startups as well as established developers and promoters.

Their main offerings are alternative credit and alternative real estate debt.

1. Alternative credit are customized and flexible debt products. They can
be industry-agnostic and have flexible repayment options and deal
structures. 
2. India has a growing shortage of urban housing. This issue may be
exaggerated by the fact 40% of the Indian population may live in urban
areas by 2030. In response to this, Blacksoil provides funding support to
real estate development partners in Tier 1 cities. 

DMI Finance
One of the older players in our list of fintech companies in India, DMI
Finance was founded in 2008. They aim to reimagine the transmission of
credit in India. 

It is one of the leading fintech NBFC companies in India. 

Their offerings include digital lending that focuses on personal loans, MSME
loans, and consumer loans. They offer 100% online underwriting and loan
management systems In fact, they work with mainly B2B organisations,
especially fintech companies and technology-driven aggregators.

Apart from that, DMI Finance also offers corporate lending, housing finance
and asset management services.

MoneyTap
MoneyTap specialises in personal loans in India. They offer credit line upto 5
lakhs online. Customers can choose to repay in convenient EMI tenures. 

They can go upto 36 months. Moreover, they only need to pay interest on the
amount used.

They have diverse loan types for several personal use cases. For instance,
there are loans tailored for education, travel, wedding, consumer durable
products, renovation, and much more. 

MoneyTap stands out for its flexible borrowings, safe and secure credit, and
no collateral model.

SATYA Microcapital
SATYA Microcapital’s products aim to answer the credit requirements of the
‘Bottom of the Pyramid’ section. They help them in raising working capital.
Hence, empowering them financially and socially.
Their top products are:

1.  Limited Liability Loans- This category follows a Joint Liability Group

(JLG) lending model. Basically, a group of people take a loan together
for income generation. Thereafter, each member of the group is equally
liable for repayment. 
 2. Consumer Durable Loan- aim to help customers purchase consumer
durable items. For instance, refrigerators, mixers, mobiles, etc. SATYA
offers no-hassle repayment options and affordable EMIs for the same.
3. Micro Business Loans- These loans are primarily disbursed to the
MSME segment. The goals of to drive economic growth and contribute
to India’s vision of Aatma Nirbhar Bharat (self-reliant India). These
loans are unsecured in nature. Furthermore, the loan disbursal depends
on the basis of the nature of collateral and ticket size.
4. Individual Micro Loans- These loans are for any personal endeavour. It
can range from house revamp to expanding a small business.

Fintech Insurance Companies in India/

InsurTech
Another major category of fintech companies in India is Insurtech. It
basically refers to the use of technology to improve risk assessment and
efficiency in the insurance industry. 

This fast-growing industry had a total capital investment of 7.51 billion USD
in 2021.
Let’s have a look at the big names in the fintech insurance companies in
India.

Related Read: Complete Payments Toolkit for Insurance Companies  

Policybazaar 
Policybazaar is one of the most renowned insurance fintech companies in
India. Their diverse offering coupled with an easy-to-use platform has made
it the top choice of insurance fintech companies in India. 

Policybazaar offers almost every insurance product in the market/ However,

here are their most popular offerings:

1. Term Life Insurance-  It is paid for a specific term of the year. It offers
higher insurance coverage and lower premium rates.
2. Health Insurance- Pocket-friendly medical insurance for a premium
amount covering surgeries, hospitalization, daycare procedures and all.
3. Motor Insurance- Vehicle insurance policy against unforeseen damages
Apart from this, Policybazaar offers insurance for travel, home, income loss,
defence personnel, pet, etc.

Acko
Acko primarily focuses on the insurance of vehicles and consumer durable
products. Their comprehensive resources and buying guides has helped
customers buy the right car, bike, health and electronics insurance.
Moreover, they have created more tailored offerings for different use cases.
For instance, they offer comprehensive, third party and commercial car
insurance under the vehicle insurance category.

OneAssist
OneAssist was founded by fintech industry veterans Gagan Maini and Subrat
Pani. 

It offers quick repair services for consumer durable products like television,
washing machine, refrigerator, and much more. Their USP is that their
technicians are trained experts and their app offers real-time tracking, 
Apart from that, they also offer identity or card fraud insurance. Their
services include digital protection and dark web monitoring. Moreover, they
offer identity theft alerts and emergency assistance. 

Agri Fintech Companies in India

In September 2021, the State Bank of India initiated an RFP (request for
proposal). It proposed agritech companies for becoming business
correspondents for the collection and servicing of agriculture and
microloans. 
This was considered a huge step towards SBI partnering with tech players for
covering a huge population of farmers. It also means reducing transaction
costs in the loan lifecycle.

In recent years, the market has seen the entry of various agri-fintech
companies in India. Let’s have a deeper look. 

Unnati
Unnati aims to bring efficiency to the farming business through digital
technologies. Their ultimate goal is to empower farmers through digitization.

This agri-based fintech company in India brings in transparency in the

farming business thereby reducing risks. Unpredictability is one of the
biggest factors for farming losses. Unnati’s products provide crop-specific
advisory and handhold farmers through every step of the farming lifecycle
Here are some of their popular offerings:

1. Answering the Capital Requirements of farmers

2. Insights on weather, soil, farming history for optimising the yield
3. Use of artificial intelligence for finding the right timing for application
and arrangement of agri products at cost-effective prices.
4. Providing farmers with a buyer platform ensuring high sales

Ninjacart
Ninjacart is another fintech company in India that aims to revolutionize the
fresh produce supply chain.
They use technology to source fresh farm produce and provide them to
businesses within 12 hours. Now, the benefit here is threefold:

1. The farmers get income stability and assurance; 20% more revenue and a
one-stop sale
2. The businesses get doorstep delivery, competitive pricing and high
quality produce
 3. The end customers hygienic produce with assured food safety

Acquaconnect
Acquaconnect is India’s most trusted aquaculture platform. They aim to help
shrimp and fish farmers by using satellite remote sensing tech and AI. 

They provide unbiased farm advisory that is driven by data and personalized
for different use cases. Moreover, They offer an omnichannel marketplace
that includes quality brands at affordable prices. As a leading fintech in this
space, they also offer formal farm finance and insurance for minimising risk. 

Here are some of their offerings:

1. Acquacred- Offers formal credit and insurance to farmers. It uses AI

and satellite sensing to evaluate risk scores and monitor and validate
portfolio performance
2. Acquaconnect app- AI-driven app that collects info on aquatic health,
water quality and optimizing feed consumption. 
3. Acquastore- Marketplace for buying all aquaculture needs at the best
prices

Wealth Management Fintech Companies

in India
The wealth tech solution market is expected to grow up to $137.44Mn by
2028. Essentially, these players use technology to simplify and democratise
wealth management services. 
In fact, this helps in wider penetration of the market due to more accessible
wealth management services.

Let’s have a look at the biggest players in the Indian market.

Kaleidofin
Kaleidofin provides its customers with personalized and intuitive financial
solutions to meet their real-life goals. 

They create machine-learning powered customer personas. Thereafter, they

offer the right financial solution at the appropriate time in their financial
journey. Most importantly, they employ proprietary suitability engines for
each persona.

Moreover, their credit analytics offering is called KiScore. It provides credit

analytics so vendors can better underwrite customers. It uses AI and big data
technology to improve profitability.  This technology helps predict future
cash flows and offer real-time decision support. 

Zerodha
One of the leading fintech companies in India, Zerodha is an online platform
for investing in stocks, mutual funds, derivatives and more. 
Their suite of intuitive trading platforms includes Kite. It is a flagship
platform that streamlines market data and presents them as charts and easy-
to-understand UI.  The Zerodha console helps customers get insights into
their investments with great visualization. Moreover, customers can buy
commission-free mutual funds. In fact, it can be delivered straight to the
customer’s Demat account. 
Through Zerodha, customers can choose to invest in:

1. Stocks
2. Future and Options
3. Direct mutual funds
4. IPO
5. Gift stocks
6. Government securities and Sovereign Gold Bond

Groww
Much like our previous entry, Groww is an online investment and trading
platform. It helps customers invest in stocks, US stocks, FDs and mutual
funds. 

They allow customers to open their accounts within minutes and monitor the
top players in the market. Moreover, they can get access to all their
investments in one consolidated platform.

Furthermore, customers can choose to place their bids on IPO subscriptions

and monitor market movements with the help of charts. They can also access
all the news related to stocks and trading at Groww. Additionally, customers
can withdraw their investments on mutual funds whenever they want.

Wealthzi
In 2016, 121 million households in India belong to the middle class. This
number is expected to rise to 140 million by 2025. As wealth increases, this
section of the population (along with the more affluent ones) actively look
for wealth management services. 
Some major fintech companies in India are looking to answer this need. One
of them is Wealthzi. It offers a comprehensive platform to help customers
achieve their wealth goals by analysing their finances. 

In fact, they blend financial expertise with technology to track a customer’s

net worth. With this, they ensure that wealth creation moves in the right
direction. 
Furthermore, their platforms allow customers to invest in mutual funds,
PMS, stocks, FDs and other investments. It also provides AI-based insights
and allocates portfolios based on the risk profile.

threedots
Marrying the idea of social networking and wealth management, threedots is
one of the more unique fintech companies on the market. 

threedots offers its platform to customers that want to get in touch with
experienced traders. They offer daily insights and create communities for
long term financial health.

In fact, customers can get guidance on their investments, analyze trends and
even trade with friends. 

Tyke
This is another investment platform on our list of top fintech companies in
India. But here’s the catch.
Tyke allows its customers to invest in early-stage startups. It helps them in
discovering these startups by industry. Thereafter, it also helps them track
their KPIs with a user-friendly dashboard. 

Furthermore, it helps startups build a personal and professional network to

raise capital. Additionally, they can keep an eye on their user engagement
and investor updates.
Upstox
One of the younger fintech companies in India, Upstox is also an online
investment platform. They offer powerful tools for easy trading of stocks,
mutual funds and IPOs.

Moreover, they have a transparent and pocket-free pricing structure. Their

platform is suitable for long term investing and Intraday trading.
Additionally, they offer easy IPO applications and mutual fund investment
services.

Top NFT Fintech Companies in India

NFT or non-fungible token has been in the news lately.

Basically, they are associated with digital files like videos, photos or audio.
They are a form of digital ledger that is uniquely identifiable because of a
token.

As NFTs make waves worldwide, here is a company bringing them to the

Indian audience.

Diginoor
Diginoor is one of the youngest NFT fintech companies in India. Essentially,
they offer customers the ability to own a piece of cinema history. 
The authenticity of this artwork is assured through blockchain technology.
Diginoor offers an in-built authentication with every piece of artwork. 

On the other hand, the actors, production houses and creative partners
associated with that art are paid royalties on every sale. Diginoor holds the
official licence for any art that is sold on their platform. They have
collaborated with production houses like AVM productions, Reliance
entertainment, etc.

Furthermore, Diginoor is built using polygon blockchain. This is a side chain

of the most secure and popular ethereum. This ensures that every piece of art
bought on Diginoor is uniquely authenticated to the customer.

Top Cryptocurrency Fintech Companies

in India
The cryptocurrency market is expected to touch $4.94 billion by 2030.
This has led to the emergence of many players in the market. Here are some
notable ones that stand out.

WazirX
WazirX is one of the most popular fintech companies in India. It is a bitcoin
and cryptocurrency exchange platform. They offer secure services by
ensuring regular security audits. Moreover, they faster sign up processes as
they use identity verification systems to process KYC procedures.

Their trading platform is available on the web and mobile apps. Moreover,
WazirX has a hyper-scalable platform that helps them meet the surging
demand within seconds. Furthermore, their easy-to-use platform showcases
graphs and visualization for a better trading experience.

Zebpay
Another crypto platform on our listicle which has made quite the noise
recently. 

One of the hottest topics surrounding cryptocurrencies is the risk associated

with their security. Zebpay ensures the highest level of security with the
following measures:

1. Cold wallets signed using HSM on air-gapped machines store 98% of

ZebPay’s crypto.
 2. Third-party security testings 
3. Use of firewalls so no third party or service provider can access it
4. Compliant with ISO, GDPR and Bitcoin Association Switzerland
regulations

Furthermore, one of Zebpay’s most popular offerings is returns on Zebpay

Earn. Customers can earn a fixed return just for holding the crypto in the
account.
Top Budgeting Fintech Companies in
India
With the rise in income levels, the demand for personal budgeting apps has
grown immensely.

Here are some players that are answering that demand and providing value to
users.

Money Manager
Money Manager is a budgeting app that allows customers to track all their
expenses in one place. 
It is based on manual input of expenses. As a result, customers do not have to
link their bank accounts with the app. This provides much relief to customers
who prefer not to link payment accounts due to security reasons.

Some of Money Manager’s top features are:

 1. Easy reporting of the weekly, monthly and total budget 
2. Option to save receipts and bill with expenses
3. Filters for all transactions
4. Embedded calendar so transactions can be viewed date-wise
5. Visualization with charts and graphs
6. Doubt entry booking to track savings, insurance, loans, etc.

Monefy
A listicle on top fintech companies in India would not be complete without a
budgeting app like Monefy.

Today, almost every transaction is made through a different mode of

payment. Herein, a budgeting app becomes a necessity for reporting. Monefy
helps its customers track money by breaking them down in an intuitive and
understandable way.

In fact, this helps customers identify their spending patterns and start
effectively saving funds. Moreover, customers can group expenses under a
pre-existing category or create their own. 

Crowdfunding Fintech Companies in

India

Ketto
Ketto is one of the leading fintech companies in India when it comes to
crowdfunding. They charge a 0% platform fee and 55 lakh+ donors.

It allows customers to start a fundraiser after providing just a few details

Thereafter, they can choose to share the fundraiser with their entire social
circle and more. Once the funds are raised, they can be directly withdrawn to
the bank account. 

Ketto has very easy to manage tools and accepts all popular payment
methods. In fact, it has the highest success rate of any fundraising platform in
India. Additionally, it also has a smart dashboard and a 24×7 expert advice
hotline.

Milaap
Another popular crowdfunding platform in India, Milaap was founded in
2010 with the aim of raising funds for important causes.

Milaap charges a 0% platform fee and allows people to donate to any cause
easily. Donors can choose to refine their search by checking out causes that
need urgent help or can help in tax saving. Moreover, they can choose to
filter on the type of cause they wish to support.

Another interesting offering by Milaap is the Lending feature. Apart from

donations, donors can also choose to lend money to people or organizations
in need.

Neobanks Fintech Companies in India

One of the most popular sectors of fintech companies in India, Neobanks
have been all the rage lately.

In fact, the global market value for neobanks is expected to grow to 722.6
billion U.S. dollars by 2028. Let’s have a look at some of the players making
waves in India
Related Read: Top Neobanks in India

Slice
One of the latest unicorns in India, Slice is one of the fastest-growing fintech
companies in India. It uses Banking as a Service to offer credit card services
in the most user-friendly way possible. It offers cashback of upto 2% on
every transaction.
Furthermore, Slice simplifies transaction tracking through an easy-to-use
dashboard. Moreover, no annual, hidden or joining fees. Customers can also
choose to split the bill between each other by adding tags or taking notes. 

Jupiter
Jupiter and neobanks in general are the new talks of the town. It aims to
provide banking that keeps pace with the modern customer. 
Here are some of Jupiter’s main offerings:
 1. Customers can create multiple financial goals. Once they meet those
goals. They are eligible for rewards. 
2. Moreover, they can quickly move money with no pesky fees involved.
Smart notifications allow customers to keep an eye on their spending and
earnings. 
3. Furthermore, customers can get a Jupiter debit card as well that has no
annual charges and a 1% reward on purchases.

FAQs on Top Fintech Companies in

India
What are the top 10 fintech companies in
India?
Here is a list of the top 10 fintechs in India, according to valuation

1. Paytm
2. PhonePe
3. Pine Labs
4. Policy Bazaar
5. Cred
6. Zeta
7. Billdesk
8. Digit Insurance
9. Groww
10. ET Money
Apart from that, India has a lot of businesses that are being touted as soon-to-
be unicorns. This includes companies like Cashfree Payments and
CredAvenue.

How many fintech companies are there in

India?
There are over 2000+ fintech companies in India. Moreover, 1800+ of these
fintech companies are startups. 

Additionally, 42% of the fintech companies in India are based in Bangalore

and Mumbai. 

What are the unicorn fintech companies in

India?
There are a total of 20 unicorn fintech companies in India. 
1. Bharat Pe
2. CoinDCX
3. CRED
4. Digit Insurance
5. Five Star Business Finance
6. Groww
7. Chargebee
8. Zeta
9. Paytm
10. Policybazaar
11. PhonePe
12. Pine Labs
13. Billdesk
14. Razorpay
15. CoinSwitch Kuber
16. MobiKwik
17. Acko
18. Mensa
19. Upstox
 20. Slice
Moreover, 11 fintech companies in India became a unicorn in 2021. 

Who regulates fintech companies in

India?
Any organization offering fintech services needs to be registered with the
RBI. No NBFC can start a business without obtaining registration from RBI
under section 45-IA of the RBI Act.
CA

India is among the fastest-growing Fintech markets in the world.

There are 6,636 FinTech companies in India. The market size for the Indian
FinTech sector is expected to reach $150 billion by 2025.

In terms of digital payments by volume (CAGR 50%) and value, India’s

payment landscape has become the most advanced in the last ten years
(CAGR 6%). At a CAGR of 20%, the value of Fintech transactions is
expected to increase from US$ 66 billion in 2019 to US$ 138 billion in 2023.

Let’s see how these leading Indian fintech companies are transforming
finance.

Top 10 Fintech companies

in India
1. Paytm
Website: https://paytm.com/
Address: Skymark One, Shop No.1, Ground Floor, Tower-D, Plot No. H-
10B, Sector 98, Noida, UP, India. PIN: 201301
Employees: 10,487
Funding Raised: $5B (raised $300M in 2016)
Investors: Sameer Brij Verma, Ravi Adusumalli, MediaTek, Alibaba
About Paytm:
Paytm (short for “pay through mobile”) is one of the first and the most
popular Indian mobile payments and financial services companies. It was
founded in 2000 by Vijay Shekhar Sharma, the company’s current MD and
CEO.

Paytm provides consumers and merchants with payment, banking, lending,

and insurance services. With the Paytm QR Code, the company offers
online transactions such as mobile recharges, utility bill payments, travel,
movie, and event bookings, as well as in-store payments at grocery stores,
restaurants, parking, tolls, pharmacies, and educational institutions. It also
facilitates small business commerce and provides loan disbursement
services.

Its parent company, One97 Communications Limited (OCL), was listed on

Indian stock exchanges on November 18, 2021, following the largest initial
public offering in India at the time.
USP: Paytm introduced digital payments in India through their e-wallets.
Later, Paytm expanded to the Universal Payments Interface (UPI)
functionality to process payments but still maintains its own payment
transfer in parallel.

Customer testimonial:

“Works flawlessly most of the time. The user interface has come a long way from
the initial days and it’s easy enough to navigate the app although it could be made
simpler (please?). I use it almost everywhere for payments. Also, the privilege of
sending credit from wallet to banks is insane. No other e-wallet company offers
such an option.”
Priyanshu Raj (via: Google Play)

2. Lendingkart
Website: https://www.lendingkart.com
Address: 6th Floor, B Block, The First, The First Avenue Road, Behind
Keshavbaug Party Plot, Vastrapur, Ahmedabad, Gujarat, India. PIN:  380
015
Employees: 930
Funding Raised: $215.4 m ($15 m raised a year ago)
Investors: Alteria Capital, Anicut Capital, Ashvin Chadha, Bertelsmann
India Investments, Darrin Capital Management, FMO, Fullerton Financial
Holdings, Fullerton Financials, India Quotient, Mayfield Capital, Mayfield
Fund, Saama Capital, Shailesh Mehta, Sistema Asia Fund, State Bank of
India, Yes Bank
About Lendingkart:
Lendingkart was founded in 2014 by ex-banker Harshvardhan Lunia and ex-
ISRO scientist Mukul Sachan as a digital lending platform for SMEs.
The company uses big data analytics tools and machine learning
algorithms to assess customer creditworthiness, identify risks, detect fraud,
and disburse loans within 72 hours. Lendingkart’s in-house data science
and data engineering team creates data models for the primary
underwriting process.

The entire underwriting and loan approval process is based on ML training

models. Lendingkart’s proprietary algorithms assess the applicant’s
creditworthiness using over 7000 variables, collected from multiple sources
and stored across databases, docs, apps, etc.
USP: Lendingkart was one of the first lending platforms that automated the
underwriting with artificial intelligence and machine learning, allowing those
without credit scores to qualify for loans.

3. MoneyTap
Website: https://www.moneytap.com
Address: Sigma Soft Tech Park, No.7, Whitefield Road, Bangalore,
Karnataka, India. PIN: 560066
Employees: 151
Funding Raised: $82.4 m ($70.05 m raised 3 years ago)
Investors: Aquiline Technology Growth, MegaDelta, New Enterprise
Associates, Prime Venture Partners, RTP Global, Sequoia Capital, Sequoia
India

About MoneyTap:
MoneyTap was founded in October 2015 by three serial entrepreneurs, Bala
Parthasarathy, Kunal Verma, and Anuj Kacker. It provides instant personal
loans of up to Rs 5 lakhs, with the entire KYC process taking place via its
mobile app. In collaboration with banks, the startup aims to provide
individuals with quick and flexible personal loans smoothly and efficiently.

MoneyTap is India’s first company to offer its customers instant lifetime

credit of up to Rs. 5 lakhs. It provides instant loans in a completely
paperless process and does not require a bank visit. Furthermore, interest
is only charged on the amount borrowed. A loan obtained through their app
is collateral-free and has loan terms ranging from two months to three
years.

USP: MoneyTap makes it much easier for people without credit scores to
get credit.
Customer testimonial:
“I used MoneyTap for the first time. Just love this app. I have successfully got 10k
for 6 months. I love the long repayment. Better from all other apps. Recommended
to everyone.”

Gurkirat Singh (via: Google Play)

4. Instamojo
Website: www.instamojo.com
Address: 302, 3rd Cross 9H Main Rd, HRBR Layout 1st Block, HRBR
Layout, Kalyan Nagar, Bangalore, Karnataka, India. PIN: 560043
Employees: 152
Funding Raised: $14 m ($944 k raised two years ago)
Investors: 500 Startups, AnyPay, Bharathram Thothadri, Blume Ventures,
Gunosy Capital, Kalaari Capital, Rajan Anandan, Rob de Heus, Shailesh
Rao, Shinji Kimura, Times Internet
About Instamojo:
Instamojo is a full-stack transactional platform aimed at bringing small
businesses online. The company is a pioneer in bringing payment links to
India. It provides an easy-to-start and simple-to-integrate payment solution
that enables businesses to collect payments online.

Aside from payments, they also offer a suite of services and products for
sellers to set up an online store, gain insights into their store’s
performance, and use that information to grow their businesses.

By offering meaningful connections, practical tools & services, and

pertinent content, they assert that they are well on their way to becoming a
“Growth Gateway” that will put every business in their ecosystem on a fast-
track growth path. They currently have over 500,000 sellers on their
platform.

USP: Instamojo is the first company to provide businesses with payment

link services. Thus, allowing businesses to collect payments with more
flexibility.

5. Razorpay
Website: https://razorpay.com/
Address: SJR Cyber Laskar, Hosur Road, Adugodi, Bengaluru – 560030,
Karnataka, India
Employees: 2,219
Funding raised: $385 m ($160 m raised a year ago)
Investors: Abhay Singhal, Amit Gupta, Anand Swaminathan, Bill Gajda,
GIC, GMO VenturePartners, Hiro Mashita, Jeff Ferguson, Jeff Huber,
Justin Kan, Kunal Bahl, Kunal Shah, Matrix Partners, Matrix Partners India,
Meyer Malka, Michael R. Sutcliff, Naveen Tewari, Punit Soni, Ram Shriram,
Ribbit Capital, Rohit Bansal, Sandeep Tandon, Sequoia, Sequoia Capital,
Sequoia Capital India, Soma Capital, Tiger Global, Tiger Global
Management, Tikhon Bernstam, Y Combinator
About RazorPay:
Razorpay is an online Payment Solution platform in India that provides
businesses with a quick, safe, simple, and cost-effective way to accept and
disburse payments digitally.

It offers a variety of online payment methods, including credit and debit

cards, net banking, UPI, and a slew of leading wallets in India, such as
JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money, and PayZapp.
The platform provides a comprehensive dashboard for users to manage
payments via web and mobile apps.

Razorpay Route, Razorpay Smart Collect, Razorpay Subscriptions, and

Razorpay Invoices were all introduced in 2017. These products attempt to
handle tasks such as cash flows, money disbursement, automating NEFT,
bank wires, and scheduled payment collection.

USP: Razorpay offers complete payment solutions for businesses, from

collecting payments to invoice generation. It is one of the largest payment
gateway solutions in India and is presently on its way to starting its
own NeoBank service for consumers.

6. Shiksha Finance
Website: https://shikshafinance.com/
Address: 497, Kattima Isana Mall, 3rd floor, Poonamallee High Road,
Arumbakkam, Chennai – 600106, India
Employees: 128
Funding Raised: $33.9 m ($4.24 m raised three years ago)
Investors: Aspada, Michael & Susan Dell Foundation, Northern Arc,
Triodos Investment Management, Zephyr Management
About Shiksha Finance:
Shiksha Finance provides loans to educational institutions (for asset creation,
working capital, and infrastructure development) as well as students (for
their school fees). Its two main products are Study Loans and Asset
Finance.

To further lower the school dropout rate, it intends to open more branches
in nearby towns and villages. It aims to finance education entrepreneurs
who want to improve access to quality education for low- and middle-
income communities.

Shiksha Finance’s COO, Jacob Abraham, stated that the company was
developing a new psychometric-based business model to evaluate the
financial standing of their no-income customers since they are unable to
provide bank statements or CIBIL scores to obtain loans.

USP: Shiksha Finance provides services to a very specific and deprived

community in the country. Their business model prioritizes the well-being of
the community over generating revenue.

7. Pine Labs    
Website: https://www.pinelabs.com/
Address: 2 Candor Techspace Plot No. B2, Industrial Area, Sector 62,
Noida – 201309, India
Employees: 1,449
Funding: $911.2 m ($600 m raised a year ago)
Investors: Actis, Altimeter Capital, BlackRock, Fidelity Management &
Research Company, Flipkart, Ishana, Lone Pine Capital, Madison India
Capital, MasterCard, PayPal, Sequoia Capital, Temasek, Tree Line
About Pine Labs:
Founded in 1998, Pine Labs began by developing a solution for a large-
scale, card-based payment and loyalty program in the retail petroleum
industry. They have been reinventing its business model in response to the
changing needs of its merchants since 2012. Following that, it pioneered
the intelligent, cloud-based, unified point-of-sale (PoS) platform.

Pine Labs has reshaped the payments and fintech industries while also
contributing to the development of a global digital economy. Today, the
company is maniacally focused on developing a product and services
platform that broadens access, accelerates commerce, and automates
local market merchants.

Pine Labs has over a hundred thousand merchants in India and other
Asian countries. In India alone, it powers over three hundred and fifty
thousand PoS terminals.
USP: Pine Labs is one of the older startups in India that pioneered card-
based payment. It is also one of the first companies to provide NFC-based
payment solutions to merchants.

8. ZestMoney
Website: https://www.zestmoney.in/
Address: Site No. 19 & 20, Koramangala 1A Block, Bangalore, Karnataka,
India. PIN: 560034
Employees: 303
Funding raised:  $117.6 m ($50m raised about 10 months ago)
Investors: Alteria Capital, Coinbase, Goldman Sachs, Naspers, Naspers
Fintech, Nelson Holzner, Omidyar Network, PayU, Primrose Hill Ventures,
Quona Capital, Reinventure Group, Ribbit Capital, Xiaomi, Zip Co

About ZestMoney:
ZestMoney makes it simple to obtain loans by combining mobile technology,
digital banking, and artificial intelligence. While many lending institutions
are hesitant to lend money without a credit history, ZestMoney does not
consider it to be a barrier to obtaining a loan.

ZestMoney creates a risk profile for each borrower using its AI-based
machine learning decision engine. Those who do not have a sufficient
credit history can provide further information, after which ZestMoney’s
Decision Engine evaluates the borrower’s credibility and lends him money.

USP: ZestMoney enables AI-assisted underwriting and is one of the first

companies in the country to do so. It provides clients with credit even when
traditional banks will not.

9. PolicyBazaar
Website: https://www.policybazaar.com/
Address: 123, Sector 44, Gurugram, India. PIN: 122003
Funding raised: $616.6 m ($75 m raised a year ago)
Investors: ABG Capital, Falcon Edge Capital, IDG Ventures India, Info
Edge, Intel Capital, Inventus Capital Partners, PremjiInvest, Ribbit Capital,
SoftBank Vision Fund, Steadview Capital, Temasek Holdings, Tencent
Holdings, Tiger Global Management, True Northland, Wellington
Management
About PolicyBazaar:
PolicyBazaar is India’s leading insurance product aggregator and
marketplace. Founded in 2008, the company initially compared insurance
policy prices and provided insurance-related information. The company
experienced rapid growth and has since expanded across many horizons.
Along with being an insurance marketplace, the company also helps with
policy cancellation/renewal and claim settlement.
USP: PolicyBazaar makes it easier for small businesses and consumers to
compare financial products and policies. Often consumers and businesses
in the country would get stuck with one financial institution, which is likely to
be a large traditional bank. PolicyBazaar democratizes the financial product
landscape by letting consumers know about all their options.

10. InCred
Website: incred.com
Address: Level 3 & 7, The Capital, Plot No. C-70, G Block, Bandra Kurla
Complex (East), G Block BKC, Bandra Kurla Complex, Bandra East,
Mumbai, India. PIN: 400051
Employees: 875
Funding raised: $177.2 m ($2.1 m raised three years ago)

About InCred:
InCred is an NBFC that provides personal, education, home, and SME loan
services. It intends to use technology to improve analytics and risk
management capabilities. It is backed by the Dutch development finance
institution FMO, the US-based asset manager Moore Capital, Elevar, and
Alpha Capital.
USP: InCred offers personal loans for cases where a traditional bank will
not, allowing consumers to get credit even without a credit score.

In Conclusion
The fintech industry experienced a significant revolution because of the
rapid growth of the internet in the 1990s. Electronic payment systems, web-
based business models, web-based shopping, portable banking, and bank
digitization are just a few examples.

New Fintech businesses are bringing the level of advancement that was
initially difficult to achieve. They are digging through several untapped
areas outside traditional business sectors.

The Indian economy, which largely relies on finance, has benefited from
the Fintech opportunity over the past few years. The variety of services
offered with a range of options, such as digital wallets and digital payments,
is the stepping stone for the advancement of the finance sector. The
lending and insurance sectors also witnessed a significant impact of the
fintech revolution.

LeadSquared provides sales, marketing, operations automation, and vendor

onboarding solutions to leading fintech companie

What is blockchain technology?

Blockchain technology is an advanced database mechanism that allows transparent information
sharing within a business network. A blockchain database stores data in blocks that are linked
together in a chain. The data is chronologically consistent because you cannot delete or modify
the chain without consensus from the network. As a result, you can use blockchain technology to
create an unalterable or immutable ledger for tracking orders, payments, accounts, and other
transactions. The system has built-in mechanisms that prevent unauthorized transaction entries
and create consistency in the shared view of these transactions.

Why is blockchain important?

Traditional database technologies present several challenges for recording financial transactions.
For instance, consider the sale of a property. Once the money is exchanged, ownership of the
property is transferred to the buyer. Individually, both the buyer and the seller can record the
monetary transactions, but neither source can be trusted. The seller can easily claim they have
not received the money even though they have, and the buyer can equally argue that they have
paid the money even if they haven’t.

To avoid potential legal issues, a trusted third party has to supervise and validate transactions.
The presence of this central authority not only complicates the transaction but also creates a
single point of vulnerability. If the central database was compromised, both parties could suffer.

Blockchain mitigates such issues by creating a decentralized, tamper-proof system to record

transactions. In the property transaction scenario, blockchain creates one ledger each for the
buyer and the seller. All transactions must be approved by both parties and are automatically
updated in both of their ledgers in real time. Any corruption in historical transactions will corrupt
 the entire ledger. These properties of blockchain technology have led to its use in various
sectors, including the creation of digital currency like Bitcoin.

How do different industries use blockchain?

Blockchain is an emerging technology that is being adopted in innovative manner by various
industries. We describe some use cases in different industries in the following subsections:

Energy
Energy companies use blockchain technology to create peer-to-peer energy trading platforms
and streamline access to renewable energy. For example, consider these uses:

 Blockchain-based energy companies have created a trading platform for the sale of electricity
between individuals. Homeowners with solar panels use this platform to sell their excess solar
energy to neighbors. The process is largely automated: smart meters create transactions, and
blockchain records them.
 With blockchain-based crowd funding initiatives, users can sponsor and own solar panels in
communities that lack energy access. Sponsors might also receive rent for these communities
once the solar panels are constructed.

Finance
Traditional financial systems, like banks and stock exchanges, use blockchain services to
manage online payments, accounts, and market trading. For example, Singapore Exchange
Limited, an investment holding company that provides financial trading services throughout Asia,
uses blockchain technology to build a more efficient interbank payment account. By adopting
blockchain, they solved several challenges, including batch processing and manual reconciliation
of several thousand financial transactions.

Media and entertainment

Companies in media and entertainment use blockchain systems to manage copyright data.
Copyright verification is critical for the fair compensation of artists. It takes multiple transactions
to record the sale or transfer of copyright content. Sony Music Entertainment Japan uses
blockchain services to make digital rights management more efficient. They have successfully
used blockchain strategy to improve productivity and reduce costs in copyright processing.

Retail
Retail companies use blockchain to track the movement of goods between suppliers and buyers.
For example, Amazon retail has filed a patent for a distributed ledger technology system that will
use blockchain technology to verify that all goods sold on the platform are authentic. Amazon
sellers can map their global supply chains by allowing participants such as manufacturers,
couriers, distributors, end users, and secondary users to add events to the ledger after
registering with a certificate authority. 

What are the features of blockchain technology?

Blockchain technology has the following main features:

Decentralization
Decentralization in blockchain refers to transferring control and decision making from a
centralized entity (individual, organization, or group) to a distributed network. Decentralized
blockchain networks use transparency to reduce the need for trust among participants. These
networks also deter participants from exerting authority or control over one another in ways that
degrade the functionality of the network.

Immutability
Immutability means something cannot be changed or altered. No participant can tamper with a
transaction once someone has recorded it to the shared ledger. If a transaction record includes
an error, you must add a new transaction to reverse the mistake, and both transactions are
visible to the network.

Consensus
A blockchain system establishes rules about participant consent for recording transactions. You
can record new transactions only when the majority of participants in the network give their
consent.

What are the key components of blockchain technology?

Blockchain architecture has the following main components:

A distributed ledger

A distributed ledger is the shared database in the blockchain network that stores the
transactions, such as a shared file that everyone in the team can edit. In most shared text
editors, anyone with editing rights can delete the entire file. However, distributed ledger
technologies have strict rules about who can edit and how to edit. You cannot delete entries once
they have been recorded.

Smart contracts
Companies use smart contracts to self-manage business contracts without the need for an
assisting third party. They are programs stored on the blockchain system that run automatically
when predetermined conditions are met. They run if-then checks so that transactions can be
completed confidently. For example, a logistics company can have a smart contract that
automatically makes payment once goods have arrived at the port.

Public key cryptography

Public key cryptography is a security feature to uniquely identify participants in the blockchain
network. This mechanism generates two sets of keys for network members. One key is a public
key that is common to everyone in the network. The other is a private key that is unique to every
member. The private and public keys work together to unlock the data in the ledger. 

For example, John and Jill are two members of the network. John records a transaction that is
encrypted with his private key. Jill can decrypt it with her public key. This way, Jill is confident
that John made the transaction. Jill's public key wouldn't have worked if John's private key had
been tampered with.

How does blockchain work?

 While underlying blockchain mechanisms are complex, we give a brief overview in the following
steps. Blockchain software can automate most of these steps:

Step 1 – Record the transaction

A blockchain transaction shows the movement of physical or digital assets from one party to
another in the blockchain network. It is recorded as a data block and can include details like
these:

 Who was involved in the transaction?

 What happened during the transaction?
 When did the transaction occur?
 Where did the transaction occur?
 Why did the transaction occur?
 How much of the asset was exchanged?
 How many pre-conditions were met during the transaction?

Step 2 – Gain consensus

Most participants on the distributed blockchain network must agree that the recorded transaction
is valid. Depending on the type of network, rules of agreement can vary but are typically
established at the start of the network.

Step 3 – Link the blocks

Once the participants have reached a consensus, transactions on the blockchain are written into
blocks equivalent to the pages of a ledger book. Along with the transactions, a cryptographic
hash is also appended to the new block. The hash acts as a chain that links the blocks together.
If the contents of the block are intentionally or unintentionally modified, the hash value changes,
providing a way to detect data tampering. 

Thus, the blocks and chains link securely, and you cannot edit them. Each additional block
strengthens the verification of the previous block and therefore the entire blockchain. This is like
stacking wooden blocks to make a tower. You can only stack blocks on top, and if you remove a
block from the middle of the tower, the whole tower breaks.

Step 4 – Share the ledger

The system distributes the latest copy of the central ledger to all participants.

What are the types of blockchain networks?

There are four main types of decentralized or distributed networks in the blockchain:

Public blockchain networks

Public blockchains are permissionless and allow everyone to join them. All members of the
blockchain have equal rights to read, edit, and validate the blockchain. People primarily use
public blockchains to exchange and mine cryptocurrencies like Bitcoin, Ethereum, and Litecoin. 
Private blockchain networks
A single organization controls private blockchains, also called managed blockchains. The
authority determines who can be a member and what rights they have in the network. Private
blockchains are only partially decentralized because they have access restrictions. Ripple, a
digital currency exchange network for businesses, is an example of a private blockchain.

Hybrid blockchain networks

Hybrid blockchains combine elements from both private and public networks. Companies can set
up private, permission-based systems alongside a public system. In this way, they control access
to specific data stored in the blockchain while keeping the rest of the data public. They use smart
contracts to allow public members to check if private transactions have been completed. For
example, hybrid blockchains can grant public access to digital currency while keeping bank-
owned currency private.

Consortium blockchain networks

A group of organizations governs consortium blockchain networks. Preselected organizations
share the responsibility of maintaining the blockchain and determining data access rights.
Industries in which many organizations have common goals and benefit from shared
responsibility often prefer consortium blockchain networks. For example, the Global Shipping
Business Network Consortium is a not-for-profit blockchain consortium that aims to digitize the
shipping industry and increase collaboration between maritime industry operators.

What are blockchain protocols?

The term blockchain protocol refers to different types of blockchain platforms that are available
for application development. Each blockchain protocol adapts the basic blockchain principles to
suit specific industries or applications. Some examples of blockchain protocols are provided in
the following subsections:

Hyperledger fabric
Hyperledger Fabric is an open-source project with a suite of tools and libraries. Enterprises can
use it to build private blockchain applications quickly and effectively. It is a modular, general-
purpose framework that offers unique identity management and access control features. These
features make it suitable for various applications, such as track-and-trace of supply chains, trade
finance, loyalty and rewards, and clearing settlement of financial assets.

Ethereum
Ethereum is a decentralized open-source blockchain platform that people can use to build public
blockchain applications. Ethereum Enterprise is designed for business use cases.

Corda
Corda is an open-source blockchain project designed for business. With Corda, you can build
interoperable blockchain networks that transact in strict privacy. Businesses can use Corda's
smart contract technology to transact directly, with value. Most of its users are financial
institutions.

Quorum
Quorum is an open-source blockchain protocol that is derived from Ethereum. It is specially
designed for use in a private blockchain network, where only a single member owns all the
nodes, or in a consortium blockchain network, where multiple members each own a portion of the
network.

How did blockchain technology evolve?

Blockchain technology has its roots in the late 1970s when a computer scientist named Ralph
Merkle patented Hash trees or Merkle trees. These trees are a computer science structure for
storing data by linking blocks using cryptography. In the late 1990s, Stuart Haber and W. Scott
Stornetta used Merkle trees to implement a system in which document timestamps could not be
tampered with. This was the first instance in the history of blockchain.

The technology has continued to evolve over these three generations:

First generation – Bitcoin and other virtual currencies

In 2008, an anonymous individual or group of individuals known only by the name Satoshi
Nakamoto outlined blockchain technology in its modern form. Satoshi's idea of the Bitcoin
blockchain used 1 MB blocks of information for Bitcoin transactions. Many of the features of
Bitcoin blockchain systems remain central to blockchain technology even today.

Second generation – smart contracts

A few years after first-generation currencies emerged, developers began to consider blockchain
applications beyond cryptocurrency. For instance, the inventors of Ethereum decided to use
blockchain technology in asset transfer transactions. Their significant contribution was the smart
contracts feature.

Third generation – the future

As companies discover and implement new applications, blockchain technology continues to
evolve and grow. Companies are solving limitations of scale and computation, and potential
opportunities are limitless in the ongoing blockchain revolution.

What are the benefits of blockchain technology?

Blockchain technology brings many benefits to asset transaction management. We list a few of
them in the following subsections:

Advanced security
Blockchain systems provide the high level of security and trust that modern digital transactions
require. There is always a fear that someone will manipulate underlying software to generate
fake money for themselves. But blockchain uses the three principles of cryptography,
decentralization, and consensus to create a highly secure underlying software system that is
nearly impossible to tamper with. There is no single point of failure, and a single user cannot
change the transaction records.

Improved efficiency
Business-to-business transactions can take a lot of time and create operational bottlenecks,
especially when compliance and third-party regulatory bodies are involved. Transparency and
smart contracts in blockchain make such business transactions faster and more efficient.

Faster auditing
Enterprises must be able to securely generate, exchange, archive, and reconstruct e-
transactions in an auditable manner. Blockchain records are chronologically immutable, which
means that all records are always ordered by time. This data transparency makes audit
processing much faster.

What is the difference between Bitcoin and blockchain?

Bitcoin and blockchain might be used interchangeably, but they are two different things. Since
Bitcoin was an early application of blockchain technology, people inadvertently began using
Bitcoin to mean blockchain, creating this misnomer. But blockchain technology has many
applications outside of Bitcoin.

Bitcoin is a digital currency that operates without any centralized control. Bitcoins were originally
created to make financial transactions online but are now considered digital assets that can be
converted to any other global currency, like USD or euros. A public Bitcoin blockchain network
creates and manages the central ledger. 

Bitcoin network
A public ledger records all Bitcoin transactions, and servers around the world hold copies of this
ledger. The servers are like banks. Although each bank knows only about the money its
customers exchange, Bitcoin servers are aware of every single Bitcoin transaction in the world.

Anyone with a spare computer can set up one of these servers, known as a node. This is like
opening your own Bitcoin bank instead of a bank account.

Bitcoin mining
On the public Bitcoin network, members mine for cryptocurrency by solving cryptographic
equations to create new blocks. The system broadcasts each new transaction publicly to the
network and shares it from node to node. Every ten minutes or so, miners collect these
transactions into a new block and add them permanently to the blockchain, which acts like the
definitive account book of Bitcoin.

Mining requires significant computational resources and takes a long time due to the complexity
of the software process. In exchange, miners earn a small amount of cryptocurrency. The miners
act as modern clerks who record transactions and collect transaction fees.

All participants across the network reach a consensus on who owns which coins, using
blockchain cryptography technology.

What is the difference between a database and a

blockchain?
Blockchain is a special type of database management system that has more features than a
regular database. We describe some significant differences between a traditional database and a
blockchain in the following list:
 Blockchains decentralize control without damaging trust in the existing data. This is not possible in
other database systems.
 Companies involved in a transaction cannot share their entire database. But in blockchain
networks, each company has its copy of the ledger, and the system automatically maintains
consistency between the two ledgers.
 Although in most database systems you can edit or delete data, in blockchain you can only insert
data.

How is blockchain different from the cloud?

The term cloud refers to computing services that can be accessed online. You can access
Software as a Service (SaaS), Product as a Service (PaaS), and Infrastructure as a Service
(IaaS) from the cloud. Cloud providers manage their hardware and infrastructure and give you
access to these computing resources over the internet. They provide many more resources than
just database management.If you want to join a public blockchain network, you need to provide
your hardware resources to store your ledger copy. You could use a server from the cloud for
this purpose too. Some cloud providers also offer complete Blockchain as a Service (BaaS) from
the cloud.

What is Blockchain as a Service?

Blockchain as a Service (BaaS) is a managed blockchain service that a third party provides in
the cloud. You can develop blockchain applications and digital services while the cloud provider
supplies the infrastructure and blockchain building tools. All you have to do is customize existing
blockchain technology, which makes blockchain adoption faster and more efficient.

Top 10 Popular Blockchain Development Companies in India 

1. Hyperlink InfoSystem 

The first one on the list of blockchain companies

in India is Hyperlink InfoSystem. Harnil Oza founded Hyperlink InfoSystem in 2011. In
addition to online and app development, Hyperlink InfoSystem assembled a skilled team to
design and create blockchain-based solutions for its global clientele. Their multi-
disciplined domain specialists team does all possible to deliver an accurate and
comprehensive customer experience with the blockchain development  lifecycle. 

Based on customer needs, they create a blockchain service architecture that integrates the
latest technologies, such as artificial intelligence, data analysis, IoT, and online security.  

2. L&T Information Technology 

LTI founded in 1996 by two Danish engineers, Henning Holck-Larsen and Søren Kristian
Toubro, provides blockchain development solutions for global enterprises, eventually
providing them with simple and secure transaction records. L&T Infotech has stressed
security and transparency since its founding in 1997. L&T's global offices additionally
provide several complementary digital innovation services have served: 

 Data Analytics Services 

 Industry 4.0 
 Digital Interactive 
 Enterprise Mobility Solutions 
 Digital Integration 
 Artificial Intelligence and Cognitive Services 
 Intelligent Automation Solutions 
3. Hashcash Consultants 

Raj Chowdhury is the CEO and creator of HashCash Consultants, a Blockchain pioneer

who launched the firm in 2015. Global banks use HashCash Products, exchanges, retailers,
and other businesses for remittance, corporate payments, currency exchange, and payment
processing. HashCash is a worldwide software firm that offers revolutionary Blockchain,
AI, Big Data, and IoT solutions through its platforms, products, and
services. HashCash provides Blockchain development tools that may assist businesses in
moving assets across borders in real-time for Remittances, Trade Finance, Payment
Processing, and other applications. 

4. Tata Consultancy Services Limited 

Tata Consultancy Services is one of the multinational Crypto Companies in India with

an information technology  services and consulting firm headquartered in Mumbai. It is
part of the Tata Group and has 149 sites in 46 countries. It was formed in 1968 by Faquir
Chand Kohli and J. R. D. Tata. 

TCS is a well-known IT corporation in India and one of the world's most valued IT

services companies. The firm provides mobile apps, enterprise apps, the Internet of
Things, blockchain, cloud solutions, automation, artificial intelligence, and many more
services. It was formed in 1968 and today has 149 sites across 46 countries. 

5. Zensar Technologies Inc. 

Ganesh Natarajan started Zensar Technologies, one of the leading software businesses, in
1991. The company employs approximately 10,000 individuals and has operations in 20
countries across the world. They provide services such as digital supply chain, cloud
infrastructure, artificial intelligence and automation, data management, data science,
enterprise apps, and other cutting-edge technologies. It is one of the blockchain companies
in the Indian stock market. 

6. Infosys 

N.r. Narayana Murthy, Nandan Nilekani, S. D. Shibulal, Kris Gopalakrishnan, K. Dinesh,

N. S. Raghavan, and Ashok Arora founded the company on July 2, 1981, in
Pune, India. Infosys Limited is a global organization based in India that offers business
consulting, information technology (IT), and outsourcing services. After TCS, Infosys is
the largest Indian IT company. The firm has 82 sales and marketing  offices and 123
development centers worldwide. 

7. Capgemini India Pvt Ltd 

Serge Kampf established Capgemini in 1967, and it was done as an

enterprise management  and data processing firm. Capgemini is a renowned multinational
corporation that provides consulting, technology, professional, and outsourced services in
over 50 countries. They are experts in Cloud Services, AI Solutions, SAP Solutions,
Blockchain Solutions, App Development Services, and practically all sectors. 

8. Fueled 

Megan Marcus started FuelEd in 2012 on the concept that relationships drive learning.
Fueled has been providing award-winning mobile app development services since 2007.
The firm offers app development, CRM, POS, CMS, ERP, CDP, Web Development,
UI/UX Design, AR/VR, Blockchain, Chatbot, and many more services. 

9. Indra Capital 

Gautam Sampathkumar is the Founder / CEO of Indra Crypto Capital, founded in 2019.
Indra Capital is a cryptocurrency platform known for its lightning-fast execution. They
provide full blockchain development services, from mining and staking to trading advising
services. They are devoted to assisting various blockchains and ecosystems in growing.  

10. Lapits 

Laxman Singh founded Lapits on March 22, 2018.  Lapits offers blockchain development
services for the modern day. Lapits is actively involved in web and mobile app
development. Their professional blockchain and full-stack engineers deliver high-quality
solutions. Lapits prioritizes job quality and timely delivery over anything else. If you want
to build a blockchain career, you can try KnowledgeHut online Blockchain Quality
Engineer certification . 

NSE Listed Blockchain Companies in India

1. SoluLab 

Blockchain | IoT | Mobility | AI | Big Data 

SoulLab was founded in 2014. It is one of the top blockchain development companies,
with more than 50 million active app users and an industry-leading 97% client success
rate. Compared to other companies in the sector, SoluLab's updated hiring method speeds
up the hiring process by 400%, aiming to save the client over 50% on recruiting
expenditures.  

Through cutting-edge technologies like the cloud, chatbots, blockchain, the internet of
things, machine learning, artificial intelligence, and augmented and virtual
reality, SoluLab's award-winning enterprise software solutions provide full-spectrum,360-
degree services to startups, small businesses, and large corporations alike.  

In addition to Fortune 500 corporations, high-growth startups like Walt Disney, Goldman
Sachs, Mercedes-Benz, the University of Cambridge, Georgia Tech, and
others, SoluLab has also collaborated with them. SoluLab is managed by top experts from
Goldman Sachs and Citrix. 

2.  Vegavid Technology

Global Blockchain Development Solution 

The objective of Vegavid Technology, founded in 2019, is to change the globe into

futuristic technology. With our sheer expertise in blockchain technology (DApps, Defi,
crypto-currency exchanges, NFT marketplace), cryptocurrency, data analytics, artificial
intelligence, machine learning, IoT, smart c, and supply chain. 
Vegavid is a dependable and rapidly expanding business, assisting millions of people with
its goods and services worldwide, from small businesses to the biggest organizations in
supply chain, robotics, healthcare, finance, and technology. The R&D section of Vegavid
is led by a varied group of exceptionally brilliant individuals trying to develop new
Blockchain and ML/AI technologies. 

Vegavid, your dependable technology partner, is fully established to provide you with an
integrated portfolio of goods, solutions, digital marketing, and strategic and technological
advisory services. 

3. KrypC 

Crystallizing the Future of Blockchain Computing 

KrypC was founded in 2016 and specializes in specialized Blockchain development. As

founding partners of one of the major PKI companies, the KrypC team has extensive
technological and operational experience and knowledge in cryptography and security. 

KrypC's offer addresses market friction and places the "future of blockchain computing" in
the hands of any organization. 

 Enabling "business ready" blockchain computing on a "protocol agnostic" platform 

 Creating instant economic benefit by actually placing blockchain in the hands of the firm and
its end-users 
 KrypC operates a "product" (IP) based, non-linear, industry and channel/partner "agnostic"
business model. 
4.   Sofocle Technologies

Global Blockchain Development Company 

Sofocle, founded in 2017, is one of the world's leading Enterprise Blockchain

firms. Sofocle has deployed different Blockchain applications and solutions for
corporations, startups, and governments across many nations, with a team of over 50
professionals in emerging technologies such as Blockchain, Smart Contracts, and
IoT. Sofocle has also created several Blockchain-related goods and solutions. 
Sofocle has formed significant alliances with major ecosystem companies such as
Microsoft, Enterprise Ethereum Alliance, Hyperledger Foundation, IoT Alliance,
IAMAI, Nasscom, CII, and others. 

5. Tokyo Techie

Towards Better Today Together 

Tokyo Techie, India's foremost Blockchain Development business, was launched in 2017.
Other services offered by Tokyo Techie include cryptocurrency development, initial coin
offering (ICO), bitcoin wallet creation, cryptocurrency trading platform development, web
development, digital advertising services, mobile application development, and so on.  

Important Customers 

 BitcoinBing 
 Careonchain 
 Flexiontoken 
 Deltaexchange 
 Bitoxford 
 eboxchain 
 Knowpia 
6. Suffescom Solutions Inc 

Blockchain | NFT | Web3 | Crypto | Wallet 

We have 13+ years in the industry and were started in 2013; we have about 5.5 years in
blockchain and metaverse-related technologies and have delivered 50+ blockchain
projects as well as 180+ others. 

We have over 150 blockchains and metaverse experienced developers that have created
and delivered various blockchain networking projects such as NFT Marketplace,
Play2Earn game platform, cryptocurrency-based initiatives, and more. 

Suffescom Solutions Pvt. Ltd. is a California-based IT corporation (USA).

We specialize in developing customized solutions that provide customers with concrete
and quantifiable outcomes that help them expand their businesses and strengthen their
brands. 
Our designs are one-of-a-kind and inventive while remaining useful. Every new customer
or project is both a challenge and an opportunity for us to push the boundaries of our
greatness. We create visually appealing and functional websites for our client's business
needs. 

The company's goal is to develop unique and interactive mobile apps that meet the
demands of its clients. Clients may enjoy high-end technology that is both classic and
distinctive by using Suffescom applications. Suffescom's evaluation and ratings say
volumes about the service we deliver. 

7. Deqode  

Business challenges, decoded

Deqode's mission since it was founded in 2012 has been to assist businesses in solving

complicated challenges by utilizing cutting-edge technologies. We are blockchain solution
industry experts, and we use our deep industry understanding and technological experience
to optimize business processes, maximize impact, and drive corporate development. We
are motivated by a desire to innovate and build solutions that will excite the future.  

They have served the following industries: 

 Financial & Payments 

 Healthcare & Medical 
 Enterprise 
 Government 
 Information Technology 
 Startups 
 Gaming 
 Telecommunication 
 Transportation & Logistics 
These are some of India's top blockchain development companies and many others. 

8.  BirthVenue Growth Solutions Private Limited

Getting your Organization on Blockchain 

They provide attractive blockchain solutions (since 2018) and platforms to help successful
firms enter new technological frontiers. 
Now and again, a revolution occurs that alters all we know about the world. It was the
computer in the 1940s, the microprocessor in the 1980s, the internet in the 1990s, and
Blockchain. 

Surprisingly, growth and acceptance usually follow the conventional S curve, with early
adopters leading the way, followed by the majority. A similar similarity may be seen in the
realm of Blockchain, just as it did in the early days of the Internet. Few firms understand
the domain's true principles, and even fewer have the necessary resources and people to
execute. What is true is that everyone wants to embrace it. 

They have served the following industries: 

 Information Technology 
 Healthcare & Medical 
 Real Estate 
 Retail 
 Transportation & Logistics 
9. Sodio Technologies Pvt Ltd 

Building Cutting-Edge and Scalable Tech Products 

SODIO is an Indian mobile app development business in Bengaluru, founded in

2016. They have experience developing blockchains, cryptocurrency exchanges,
and dApps. Government and business-level decision-makers have acknowledged our
whole blockchain product development process, from use-case study through proof-of-
concept for blockchain implementation. 

They develop mobile technologies that are constantly changing. They have the knowledge

to guide the development strategy through the stages of mobile product design,
development, testing, and launch. They develop apps for On Demand, Fintech, IOT,
Healthcare, Retail, Entertainment, Telecom Sector, and large and medium enterprises
worldwide, and we represent customers in over 15 countries. General Electric, DRDO,
Oil India Limited, JSW Cement, NESTLE, Eyal Zayed, LivActiv, Cover'D, Brave
App, Mojilatino, ParkM8, BluByrd, Acco are among the key clients. 

They served industries like: 

 Financial & Payments 

 Advertising & Marketing 
  Art, Entertainment & Music 
 Automotive 
 Business Services 
 Consumer Products 
 Designing 
 Education 
 Healthcare & Medical 
 Hospitality 
 Information Technology 
 Legal & Compliance 
 Manufacturing 
 Media 
 Other 
10. HoC Solutions  

360° Solutions of Blockchain Business Initiatives 

HoC Solutions is a blockchain development business in the United States and has been
operating in India since 2017 with a proven track record of creating creative and results-
driven software solutions and mobile apps. They primarily help businesses turn their
dreams and imaginations into profitable realities by developing a feasible blockchain
project development plan, presenting a realistic budget and then doing their best to stick to
the timeframe while delivering the best possible blockchain product in today's IT
environment. 

What makes them a formidable team of blockchain developers? 

Aside from their knowledge of numerous tech stacks, they are also a passionate team.
They enjoy building software. 

It never ceases to amaze us when our clients utilize our software solutions (particularly
blockchain-based products) to grow their businesses by leaps and bounds and tap into this
huge potential that is still in its infancy. 

Regarding technology stacks, we are at ease developing blockchain apps in C++, Java
script, Python, Angular JS, OpenCL, Laravel, Node.JS, and Perl. 

Another reason our clients continue to work with us is our strong digital marketing
presence. They don't need to contact any other agency to sell their coin or even their ICO
once they have a product. That is something we do for them. And we do it with lightning
speed. We have so far created blockchain applications for the following industries: 
  Finance and Accounting 
 Customer Research 
 Transportation 
 Micro-content Delivery 
 Logistics 
 Social Media Marketing Metrics 
 Retail 
 High-tech Power Generation 
Conclusion

It is difficult to find a Blockchain Technological partner. It necessitates cost and effort,

especially if you intend to use Blockchain as a key rigging in your organization. However,
we are confident that this guide will help you choose the ideal Blockchain partner to help
your business go to the next level. Even after having technologies like Artificial
Intelligence (AI) the Internet of Things (IoT), Blockchain is a winner in all aspects.   

Whether banking, finance, electricals or pharma, Blockchain is everywhere and is here to

stay. It is a known fact that the Blockchain revolution is happening, and the best
Blockchain companies are already showing growth outside India. Interested candidates can
attend Blockchain courses for Finance professionals  to learn the technology better and get
certified.  

KnowledgeHut

DATA SCIENCE

1. Fractal Analytics

Conceptualized in 2000, Fractal Analytics has emerged as one of the top analytics service
providers in the country. With a global footprint boasting of several Fortune 500 companies
from industries like retail, insurance and technology, there is certainly no stopping this one.
Does the idea of generating custom-made analytics solutions for multinationals and
upcoming businesses interest you? Then a job at Fractal Analytics will probably not feel like
work at all! The company is currently hiring Data Scientists for its offices in Bangalore,
Mumbai and Gurgaon.

2. Amazon

One of the biggest e-commerce companies around the world is also among the top data
science recruiters worldwide. In India, Amazon relies on its data scientists for several core
operations like supply chain optimization, fraud and fake review detection, multivariate
testing, inventory and sales forecasting, advertising optimization and HR analytics to name a
few. Like the thought of working on something similar? Then brush up your resume and send
it over to the company. Amazon India is presently looking for data scientists for its several
offices in India.

3. Deloitte

A part of the ‘Big Four’, Deloitte has been offering services like consulting, financial
advisory, tax, audit and enterprise risk across the globe since 1845. Data scientists at Deloitte
undertake several analytics projects, which may be multi-disciplinary in nature. Their
responsibility is to simplify complex and large data and ensure that it is easily understood by
the clients. Do you enjoy breaking down complex data into simple information? Then
the Data Scientist job at Deloitte might just be the one for you!

4. LinkedIn

Did you know LinkedIn was one of the first companies to have a team of data scientists?
Among the most-sought after companies for data scientists, LinkedIn is a social networking
service allowing its users to grow their professional network. If you can spend hours
decoding hidden insights from a large amount of data to ultimately enable business in making
smart decisions then this would be the right role for you!

5. MuSigma

Identifying itself as the largest solution provider of decision science and analytics, MuSigma
has its headquarters in Chicago, US. It has offices world-over, with its central delivery hub in
Bangalore. Your role as a Data Scientist at MuSigma would involve analysing data, refining
as well as simplifying it and finally evaluating the results. Sounds interesting? Then you are
probably the one MuSigma is looking for to join its analytics team!

6. Flipkart

India’s leading e-commerce giant Flipkart has a huge demand for data scientists. It’s due to
the company’s growing scale of business and increasing amount of data. A typical day for a
data scientist at Flipkart involves improving the Net Promoter Score by working on key
business insights. It also includes creating and maintaining data based on the information
associated with the domain. Think you can do that? Then you may be a perfect fit in the
company. Flipkart is looking for data scientists to fill in positions in its Analytics department.

7. IBM

International Business Machines Corporation, popularly known as IBM has been offering
consulting and multinational technology solutions to clients all across the globe since 1911.
Does your ideal job description revolve around finding, integrating and maintaining a large
volume of data, which is used to derive operational insights and create effective solutions for
the company? Then look no further, IBM India is where you should be heading!

8. Accenture

Accenture believes that big and complex businesses can benefit by efficient utilization of
their own data. They need to rely on the experts for it – data scientists. If you have a passion
for defining strategies and delivering on them with the help of resourceful use of integrated
data then Accenture is the place to be. The prominent global professional service provider
presently has openings for data scientists in the field of business process specialization and
data management to name a few.

9. Citrix

This US-based multinational company offers several services in India including

networking, cloud computing technology and SaaS. Citrix believes in undertaking several
data science projects to help the company get a competitive advantage in the market by using
data to promote decision making as well as to predict results. Think you can help the
company achieve its mission? Then be a part of the talented analytics and research team at
Citrix.

10. Myntra

Want to be the data scientist for one of the top four start-ups of India? Data scientists at
Myntra are responsible for measuring the company’s performance. They also look after
improving decision-making by relying on data science and advanced analytics. If you enjoy
classifying, segregating and maintaining data then Myntra might just be the place for you

There is clearly a surge in the demand for data scientists all over the globe, especially now
that it has been named the sexiest job of 2016 by Glassdoor. There is a wide scope for data
scientists in India too due to the increasing gap between the demand and supply of these
professionals. If you are a data scientist looking to be associated with a leading company. Or
if you want to start your career as a Data Scientist with the top recruiters in the industry, then
these ten companies will give you just what you are looking for!

What Is Social Entrepreneurship?

People who make the decision to start their own businesses are
motivated to do so for various reasons. Some want to be their own
boss and build an empire, while some might want to do so to make
a lot of money and have the freedom to pursue their true passion.
However, recently there has been a surge in a new type of
entrepreneur, the social entrepreneur.

Their work is to implement a low-cost business solution for socio-

causes while dealing with the shortage of funds, manpower,
resources and many more. The hurdles in the way are endless but
the idea to transform lives for the collective good is the driving force
that helps such social entrepreneurs to navigate the turbulent
waters of social entrepreneurship.

So it can be understood that a social entrepreneur is an individual

who finds and navigates various business opportunities that can
have a positive impact on society or the planet as a whole. But it is
important to not confuse it with a non-profit organization because it
is a for-profit venture that puts a great emphasis on bringing about
changes in society or the world.

Social Entrepreneurship in India

India’s gig economy is scaling newer heights thanks to the surge of
innovative start-ups and young entrepreneurs who are changing the
rules of how businesses functioned. These young achievers do not
only dream to achieve big in life, but they also nurture their passion
to resolve the social inequities gripping our country. India too is in
much need of this new breed of Sociopreneurs to come out with
unconventional business models to address environmental and
social issues.

Being an entrepreneur in itself is challenging, and addressing a

social cause through it is undoubtedly going to make the journey
more difficult. As a social entrepreneur in India, you are on a
mission to generate business for a social cause.

If you are wondering who these new-age heroes are, here is the list
of the most renowned social entrepreneurs in India to watch out for!

Top 37 Social Entrepreneurs in India

The top 37 social entrepreneurs in India are explained below:

1. Shaheen Mistri
Shaheen Mistri is an Indian social activist and entrepreneur, as well
as an educator. She founded the Akanksha Foundation, a non-profit
organisation, in the year 1989. She established this foundation in
order to provide a high-quality education to children that belong to
communities and families of low income. Wanting to do more for
society and inspired by the Teach For America model; in 2008,
Shaheen established Teach For India, a non-profit organization.
Since it has been established, through Teach For India, Shaheen
has placed over 700 students in schools across India. 
2. Olivia Deka
Olivia Deka is a gender equality advocate, social entrepreneur, and
startup evangelist. She is the founder and CEO of She For Change,
which is a community-powered and led feminist organisation that
advocates for gender equality. Olivia Deka founded this non-profit
organisation in 2019, and it aims to help Indian women and girls
gain access to health services and education. 

Her work has helped create awareness about the gender-biased

violence that is rampant in India and has tried to bring about change
by mobilizing and spreading information regarding this issue. 

3. Agishwar Jayaprakash
Agnishwar Jayaprakash is a dynamic Youth Leader from Chennai,
India, who is committed to bringing about positive change. He is the
founder of Ignite-India. It was founded by him in 2014 and focuses
on helping the underprivileged citizens of India get an education. He
founded this organization in the hopes of helping the people of India
accomplish their dreams. Ignite-India provides educational
opportunities and scholarships to students at over 7000 colleges
and schools across India. 

Over the past 7 years, his work and assistance through numerous
initiatives have impacted the rural and semi-urban communities of
India for the better.  

4. Ria Sharma
Ria Sharma, hailing from Dahanu, Maharashtra, is a well-known
social entrepreneur in India. In 2014, she returned to India from the
UK to make a documentary on the acid attack survivors. It was in
the same year that she founded the organization “Make Love Not
Scars” (MLNS) to support the victims of acid attacks. The statistics
show that the survivors are mostly women, and the crowd-funded
organization does its best to help them both mentally and
physically. The organization helps the victims by getting them jobs
so they can support themselves and their families. 

Ria Sharma was the first to establish India’s rehabilitation centre for
survivors of acid attacks and held various campaigns to end the
sale of acid, which gained a lot of recognition. 
5. Saalumarada Thimmakka
Saalumarada Thimmakka is an Indian social entrepreneur as well
as an environmentalist, from the state of Karnataka. She is often
referred to as Aala Marada Thimmakka and is known for planting
and tending to 385 banyan trees and further planting 8000 other
trees. Her thinking and services changed the environment for the
better and contributed to our society. 

Saalumarada’s efforts to make the environment a better place and

her love for trees earned her the title “Vriksha Maate”, which means
Mother of Trees. She has achieved various awards for her service,
including the Padma Shri Award. 
6. Sharad Vivek Sagar
Sharad Sagar is the founder and CEO of Dexterity Global, which he
founded in 2008. It is a national organization that aims to empower
the next generation of leaders with educational opportunities and
proper training. Sharad is a social entrepreneur who has created
opportunities for the marginalized youth and unprivileged citizens of
India through his social enterprise. Sharad was featured in Forbes
30 under 30 in 2016.

He was not only invited by Obama to the White House, but has also
achieved various awards, such as Person of the Year 2017,
Queen’s Young Leaders List, Presidential Award for Citizenship and
Public Service, and more. 

7. Urvashi Sahni
Talking about the best of social entrepreneurs in India, Urvashi
Sahni definitely tops the list. She is the founder and CEO of
SHEF (Study Hall Education Foundation), an organization
dedicated to offering education to the most disadvantaged girls in
India. Urvashi Sahni has worked with over 900 schools and
changed the life of 150,000 girls (directly) and 270,000 girls
(indirectly) with her program. She was rightly felicitated with the
‘Social Entrepreneur Of The Year‘ award in 2017 for her selfless
act of dedication and passion.
8. Harish Hande
Harish Hande is another pioneering social entrepreneur of India and
a remarkable committed one. He is the CEO & Founder of Selco,
a company rendering sustainable energy source to rural regions of
the country. This project was the first rural solar financing program
in India. Till date, Selco has contributed over 120,000 installations
and has more than 25 operating retail and service centres in
Karnataka alone.

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9. Jeroo Billmoria
Jeroo Billmoria is one of the renowned social entrepreneurs of India
who is supervising several International NGOs for the betterment of
society. She initiated the ‘Childline’ that aims to provide help in
form of healthcare and police assistance, especially to street
children. Right from her childhood, she had a vision of giving back
to the underprivileged in the society. She also believed in self-
empowerment of women in India.  Jeroo Billmoria was felicitated
with the Skoll Award for Social Entrepreneurship and is a Schwab
and Ashoka Fellow as well.
10. Anshu Gupta
Born in a middle-class family in Uttar Pradesh, took media as a
profession and while as an intern he witnessed the need of proper
clothing for the poor in rural India. Anshu then founded Goonj, a
social enterprise that collects used clothing from the urban crowd,
sort them, fix and later distribute among the poor and needy. The
relief work was done by Goonj during the times of natural calamities
in Gujarat, Tamil Nadu and Kerala have been highly acknowledged.
11. Santosh Parulekar
Santosh Parulekar worked to create job opportunities for the
unemployed youth in rural India. He started ‘Pipal Tree’, a
company that aims to impart formal training to the youth and
provides them with reputable jobs in companies across the country.
Operating since 2007, Pipal Tree has trained over 1,500 workers
and intends to open training centres pan India in the coming years.
12. Sumita Ghose
Sushmita Ghosh is the founder of Ashoka Changemakers, an open-
ended platform for social innovation that was one-of-its-kind in the
world. Sushmita aims to revive the craftsmanship and talent that is
unharnessed in rural India and aims to provide them with their
deserving recognition. She started with ‘Rangasutra’, a retail chain
from FabIndia and it turned out to be a huge success.
[optin-cat id=7239]

13. Ajaita Shah

Ajaita Shah works with a mission to empower rural India. She
started at the gross level and aims to provide the best of
technological solutions to the remote villages in India at the
cheapest price possible. Ajaita Shah is the Founder & CEO
of Frontier Markets that supplies solar energy powered products to
rural India at an extremely affordable cost. The company has sold
over 10,000 solar solutions until now and there is no stopping them
until they light the remotest corners of the country.
14. Trilochan Shastry
Trilochan Shastry proved that nothing is impossible to achieve in
this world if you have the zeal and fervour to pursue it. A renowned
professor in IIM Bangalore, he was pained to the state of political
affairs in the country. What started as a PIL against the politicians
led to the foundation of the Association for Democratic Reforms
(ADR), an organization that scrutinizes election procedure in India.
Besides this Trilochan Shastry also heads NGOs for the upliftment
of the farmers.
 These top 8 social entrepreneurs in India are the ‘Knights in the
Shining Armour’ who have pledged to bring about sustainable
change in the society. They indeed are an inspiration to the society
and this blog is an acknowledgement of the selfless work they have
done!

15. Neelam Chhiber (Rural Spark)

Neelam Chhiber purused Industrial Design from NID, Ahmedabad.

For the past three decades, Neelam is working with Artists in Rural
areas by providing design, technical, marketing and management
solutions.

Neelam has contributed to many solutions such as self-owned

enterprises, mainstream value chains for economic security. Now
Neelam is working on the Endeavour Mission which is expected to
get completed by 2030. The main focus of this mission is to
economically, and socially strengthen the resources produced by
millions of workers.

16. Vandana Goyal (Aajeevika Bureau)

Vandana Goyal is a former CEO of Akanksha Foundation which is a

non-profit organization that works primarily for purpose of
education. Currently, Vandana is a board member of the Akanksha
Foundation.

Currently, Vandana is working as a fellow’s co-CEO and managing

trustee to ensure low-income students to have access to STEM
Colleges in India. Vandana also worked with the world economic
forum as a Young Global leader. She has a large network of Public-
private partnerships schools in Urban areas of India.

Other Social Entrepreneurs in India

A few other social entrepreneurs in India are listed below:

1. Chetna Sinha (Mann Deshi Bank)

2. Priyanka Agarwal (Wishberry)
3. Varun Sheth (Krishi Cress)
4. Swati Raj (Purple Jugaad)
5. Akshay Anant (Dream a Dream)
6. Pushpa Bector (Sammaan Foundation)
7. Sanjay Sethi (Chintan)
8. Dinabandhu Sahoo
9. Akansha Hazari
10. Nand Kishore Chaudhary
11. Karthik Naralasetty
12. Sunil Bharti Mittal
13. Jeroo Billmoria
14. Abraham George
15. Hanumappa Sudarshan
16. Aarushi Batra
17. Nivesh Raj
18. Rajan Mistry
19. Adhik Kadam
20. Dhruv Lakra
21. Ela Bhatt

FAQs on Social Entrepreneurs in India

The FAQs on Social Entrepreneurs in India are given below:

What does social entrepreneurship mean? 

The process by which individuals, businesses, and entrepreneurs

create and finance solutions that directly address social challenges
is known as social entrepreneurship. Therefore, a social
 entrepreneur is someone who looks into business prospects that
benefit their community, society, or the entire planet. 

Who is on the top list of social entrepreneurs in India? 

 Some of the top social entrepreneur’s examples in India are: 

 Urvashi Sahni (Founder and CEO of SHEF) 

 Harish Hande (Founder and CEO of Selco)
 Jeroo Billmoria (initiated Childline) 
 Anshu Gupta (Founded Goonj)
 Santosh Parulekar (Founded Pipal Tree) 
What are the examples of social entrepreneurship in India? 

One of the social entrepreneurship examples in India is Sumita

Ghose, the founder of Ashoka Changemakers. She strives to revive
the craftsmanship and talent that is repressed in rural India and
aims to bring them recognition. 

Do social entrepreneurs make money? 

Yes, social enterprises in India make money, but initially, most

social entrepreneurs start with their mission as their first priority.
They strive to carry out their vision and eventually with the success
of their mission and goals, they achieve financial success similar to
traditional entrepreneurs. 

What company is a social enterprise? 

Social enterprises in India are companies that put the interests of

people and the planet over financial gain. These companies invest
their income in bringing about constructive social change because
they have social and environmental missions. 

Who is the most successful social entrepreneur in India?

The most successful social innovators in India are Aditya,

Agnisumukh, Water.org, and Under the Mango Tree.

What are the different types of social entrepreneurs? 

The different types of social entrepreneurs would be:

1. The Community Social Entrepreneur
2. The Global Social Entrepreneur
3. The Non-Profit Social Entrepreneur
4. The Transformational Social Entrepreneur
What are some of the qualities that you need to be a successful social
entrepreneur? 

Some of the few qualities that would make you a successful

entrepreneur are deep empathy, curiosity, creativity, commitment, a
systematic approach, being sustainable and innovative and more. 

Who was the first social entrepreneur?

American social entrepreneur Bill Drayton is known as the father of

social entrepreneurship, as he was the one who coined the term
“social entrepreneur” when he founded Ashoka, a non-profit
organization back in 1980.