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Finova Capital
3.9
based on 370 Reviews
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Company Overview
Company Locations
Working at Finova Capital
Company Summary
Finova Capital, a licensed NBFC, aims to provide transparent and affordable financing solutions to underserved micro and small enterprises in India.
Overall Rating
3.9/5
based on 370 reviews
3% below
industry average
Highly rated for
Salary
Work Policy
Work from office
81% employees reported
Monday to Saturday
90% employees reported
Strict timing
57% employees reported
Within city
50% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
15 employees reported
Health insurance
10 employees reported
Child care facility
6 employees reported
Office cab/shuttle
5 employees reported
View all benefits
About Finova Capital
Founded in2015 (10 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersJaipur,Rajasthan, India
Office Locations
--
Websitefinova.in
Primary Industry
Other Industries
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Finova Capital is founded by Mr Mohit Sahney in 2015. It is NBFC licensed by Reserve bank of India. Idea of Finova Capital originated with a belief that if supported well then micro & small medium enterprises can play a pivotal role in growing Indian economy.
We at Finova believe that by supporting and creating enabling opportunities for micro & small business, lives can be enriched & communities can be transformed. The company’s aim is to reach out to financially excluded Unorganized, Unreached MSME sector. The objective is to make finance available at a reasonable cost & deliver in a transparent manner. Finova stands for financial innovation. The company is headquartered in Jaipur & provides loan to both urban poor & rural poor to meet their productive requirements in starting new usiness or for growing an existing business. Finova is a young, growing company with a big vision: to transform credit delivery to unorganized, unreached & unserved segments.
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Finova Capital Ratings
based on 370 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
210
4
48
3
37
2
14
1
61
Category Ratings
3.8
Salary
3.7
Company culture
3.7
Work-life balance
3.7
Skill development
3.7
Promotions
3.7
Work satisfaction
3.6
Job security
Finova Capital is rated 3.9 out of 5 stars on AmbitionBox, based on 370 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Finova Capital
based on 353 reviews
4.2
Rated by 12 Women
Rated 3.8 for Job security and 3.7 for Work-life balance
3.9
Rated by 341 Men
Rated 3.8 for Company culture and 3.8 for Salary
Work Policy at Finova Capital
based on 93 reviews in last 6 months
Work from office
81%
Hybrid
17%
Permanent work from home
2%
Finova Capital Reviews
Top mentions in Finova Capital Reviews
+ 5 more
Compare Finova Capital with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 370 reviews | 3.9/5 based on 1.8k reviews | 4.1/5 based on 7.2k reviews | 3.6/5 based on 5k reviews |
Highly Rated for | Salary | Skill development | Job security Skill development Work-life balance | No highly rated category |
Critically Rated for | No critically rated category | No critically rated category | No critically rated category | Promotions Work satisfaction |
Primary Work Policy | Work from office 81% employees reported | Work from office 86% employees reported | Work from office 87% employees reported | Work from office 90% employees reported |
Rating by Women Employees | 4.2 Good rated by 12 women | 3.8 Good rated by 80 women | 3.9 Good rated by 715 women | 3.8 Good rated by 941 women |
Rating by Men Employees | 3.9 Good rated by 341 men | 3.9 Good rated by 1.6k men | 4.1 Good rated by 6k men | 3.6 Good rated by 3.8k men |
Job security | 3.6 Good | 3.7 Good | 4.0 Good | 3.7 Good |
View more
Finova Capital Salaries
Finova Capital salaries have received with an average score of 3.8 out of 5 by 370 employees.
Branch Manager
(164 salaries)
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₹2.2 L/yr - ₹6.6 L/yr
Branch Credit Manager
(104 salaries)
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₹2.5 L/yr - ₹5.5 L/yr
Relationship Officer
(61 salaries)
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₹1.5 L/yr - ₹3 L/yr
Relationship Manager
(56 salaries)
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₹1.8 L/yr - ₹4 L/yr
Credit Manager
(36 salaries)
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₹2.5 L/yr - ₹5.5 L/yr
Cluster Manager
(25 salaries)
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₹4 L/yr - ₹10 L/yr
Assistant Branch Manager
(24 salaries)
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₹1.9 L/yr - ₹4.5 L/yr
Cluster Credit Manager
(23 salaries)
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₹4.2 L/yr - ₹8 L/yr
Area Credit Manager
(23 salaries)
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₹5.4 L/yr - ₹11.2 L/yr
Area Sales Manager
(18 salaries)
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₹7.8 L/yr - ₹13 L/yr
Finova Capital Interview Questions
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Top Finova Capital interview questions and answers
Finova Capital Jobs
Popular Designations Finova Capital Hires for
Junior Engineer
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Compliance Manager
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Cluster Manager
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Software Development Engineer Test
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Assistant Branch Credit Manager
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Popular Skills Finova Capital Hires for
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Finova Capital News
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Meet The Fintech Startups Redefining Business Lending In India
- Fintech startups in India are revolutionizing business lending by offering faster processing, minimal documentation, and easy access to credit for small and medium enterprises (MSMEs).
- These startups have leveraged technology to simplify the lending process, attracting significant venture capital funding and transforming the financial landscape for businesses.
- In 2024, the fintech sector was the top choice for investors, raising over $2.5 billion and leading the funding pie.
- Fintech startups like Arthan Finance, Aye Finance, Clix Capital, CredAble, Finova Capital, FlexiLoans, Indifi Technologies, Lendingkart, and NeoGrowth are reshaping the lending space.
- These startups provide tailored loan solutions to underserved businesses, offering AI-driven credit assessments, digital platforms, and alternative lending models.
- The government's efforts to bridge the credit gap for startups and MSMEs through increased credit guarantee coverage have further propelled the success of fintech startups in India.
- Fintech leaders like Lendingkart, Aye Finance, and NeoGrowth have reported impressive growth in loan disbursements and revenue, showcasing the sector's potential for financial inclusion.
- With rising profitability and strategic partnerships with investors, these fintech startups are poised to drive innovation and accessibility in business lending across India.
- Through digital lending solutions and advanced credit assessment tools, these startups are catering to the unique needs of businesses and contributing to the growth of the Indian economy.
- Overall, the fintech ecosystem in India is witnessing a dynamic shift in business lending practices, empowering entrepreneurs and fueling economic progress.
Inc42 | 21 Feb, 2025
Indian startups raised over $362 million from Oct 26 to Nov 02, 2024, Finova Capital tops the list
- Between October 26 and November 02, 2024, 14 Indian startups raised $362.94 million in funding.
- Finova Capital topped the list with $135 million in funding, followed by TripFactory raising $50 million.
- Other notable fundings include Vridhi Home Finance ($36.84 million), Udaan ($35.6 million), and Zinc ($25.5 million).
- In addition, there were acquisitions, with Datawrkz acquiring UK-based Space & Time.
ISN | 4 Nov, 2024
Top Funding Wrap of the Week – October 28 – November 01, 2024
- NBFC Finova Capital raised $135 Mn in a Series E funding round led by Avataar Venture Partners, Sofina, Madison India Capital, and Norwest Venture Partners.
- Vridhi Home Finance secured INR 310 Cr ($36.9 Mn) in a Series B funding round led by Norwest Venture Partners.
- Zinc raised $25.5 million in a seed funding round led by Quona Capital, EDBI, Global Ventures, Saison Capital, and Nexus Venture Partners.
- Country Delight received INR 200 crore in venture debt from Alteria Capital.
- Arya.ag received a commitment of $19.8 million (INR 166.4 crore) from the United States International Development Finance Corporation (DFC).
- Auquan raised an additional $4.5 million in seed funding, bringing their total seed funding to $8 million.
- PopVax's research to develop lipid-polymer delivery formulations for thermostable mRNA vaccines was funded by the Bill & Melinda Gates Foundation.
- COOX, a home-service startup, raised a seed round of $125,000 led by Inflection Point Ventures.
VIE Stories | 2 Nov, 2024
ETtech Deals Digest: Startups raise $1.15 billion in October, up 59% on year
- Startups raised a total funding of about $1.15 billion in October, marking a 59.2% increase from the same period last year.
- Startups secured funding through 86 rounds, primarily in the early and late stages.
- Top deals in October included Purplle raising an additional Rs 500 crore, Eruditus raising $150 million, Finova Capital raising $135 million, and Upgrad raising $60 million.
- Purplle's funding round was led by Abu Dhabi Investment Authority, while Eruditus' funding was led by TPG Rise and Finova Capital's funding was led by Avataar Venture Partners.
Economic Times | 30 Oct, 2024
ETtech Deals Digest: Startups raise $1.15 billion in October, up 59% on year
- Startups raised a total funding of about $1.15 billion in October, a 59.2% increase from last year.
- 86 funding rounds took place in October, primarily in the early and late stages.
- Top deals included Purplle raising an additional Rs 500 crore, Eruditus raising $150 million, and Finova Capital securing $135 million.
- Upgrad raised an additional $60 million from Singapore sovereign wealth fund Temasek.
Economic Times | 30 Oct, 2024
Finova Capital raises $135 million in Series E round led by Avataar Venture Partners, Sofina, others
- Finova Capital raised $135 million in a Series E round led by Avataar Venture Partners, Sofina, and other investors.
- The funding will be used to grow Finova's loan book, invest in technology, expand geographically, and promote financial inclusion at scale.
- Finova Capital targets micro entrepreneurs and semi-skilled professionals who have limited access to formal financing institutions.
- Founded in 2015, Finova Capital has a presence in 16 states, 400+ branches, and has served over 100,000 customers.
HinduBusinessLine | 30 Oct, 2024
NBFC Finova Capital Secures $135 Mn in Series E Funding
- NBFC Finova Capital has secured $135 Mn in Series E funding from Avataar Venture Partners, Sofina, Madison India Capital, and Norwest Venture Partners.
- The funding will be used to increase Finova Capital's loan portfolio, make technological investments, and expand its reach.
- Finova Capital claims to have Rs 3,000 Cr in assets under management with a 5-year CAGR of above 60%.
- Founded in 2015, Finova Capital aims at transforming credit delivery to unorganized, unreached, and unserved segments.
VIE Stories | 30 Oct, 2024
Finova Capital raises $135 million in series E funding led by Avataar Venture Partners, others
- Jaipur-based Finova Capital raises $135 million in a Series E funding round.
- The round was led by Avataar Venture Partners, Sofina, and Madison India Capital.
- Finova plans to use the funds to grow its loan book, expand geographically, and enhance its technology infrastructure.
- Despite catering to the high-risk MSME sector, Finova has maintained high asset quality and reported strong financial performance.
ISN | 29 Oct, 2024
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Finova Capital FAQs
When was Finova Capital founded?
Finova Capital was founded in 2015. The company has been operating for 10 years primarily in the NBFC sector.
Where is the Finova Capital headquarters located?
Finova Capital is headquartered in Jaipur,Rajasthan.
How many employees does Finova Capital have in India?
Finova Capital currently has more than 1,900+ employees in India. Sales & Business Development department appears to have the highest employee count in Finova Capital based on the number of reviews submitted on AmbitionBox.
Does Finova Capital have good work-life balance?
Finova Capital has a Work-Life Balance Rating of 3.7 out of 5 based on 300+ employee reviews on AmbitionBox. 70% employees rated Finova Capital 4 or above, while 30% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Finova Capital work-life balance reviews for more details
Is Finova Capital good for career growth?
Career growth at Finova Capital is rated fairly well, with a promotions and appraisal rating of 3.7. 70% employees rated Finova Capital 4 or above, while 30% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Finova Capital promotions/appraisals reviews for more detailed insights.
What are the pros of working in Finova Capital?
Working at Finova Capital offers several advantages that make it an appealing place for employees. The company is highly rated for salary & benefits, based on 300+ employee reviews on AmbitionBox.
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