Akara Capital Advisors Bonds & Financials

As of Dec '25, Akara had an AUM of INR 2,600 Cr+, a net worth of INR 770 Cr, and a FY '26 profit after tax(PAT) of INR 42 Cr.

Company Overview

Akara Capital transforms credit availability through state-of-the-art in-house technology. Operating as a systemically important NBFC, Akara powers diverse co-lending platforms alongside trusted market leaders like Cholamandalam and Northern Arc. Backed by an executive team bringing 60+ combined years of investment banking experience from Goldman Sachs and Bank of America, Akara anchors transparent, robust fixed-income opportunities. 

• Akara is a technology-enabled, non-deposit-taking, systemically important NBFC that provides short-term loans up to INR 5 lakhs to salaried individuals through the Group’s various digital platforms.
• The group has a technology platform known as Stashfin, which has been built in-house and is a part of EQX Analytics Private Limited (EQXAPL) and is currently being used by Akara and other co-lending partners, such as Cholamandalam Finance, Oxyzo, Incred Finance, Northern Arc Capital, and others, for offering their credit products.
• Akara is a wholly owned subsidiary of Morus Technology Pte Limited (MTPL), a Singapore-based entity backed by prominent investors such as Blowfish Ventures, Divine Blessing, Altara Ventures, Positive Moves, Fasanara Capital, Tencent, and Uncorrelated Ventures.
• MTPL is promoted by Tushar Aggarwal, Shruti Aggarwal, and Parikshit Chitkala, who share a total experience of over 60 years in investment banking and have previously worked with companies such as Goldman Sachs, General Atlantic, PWC, Bank of America, Ticoon Technology, etc.
• As of March 31, 2025, Akara reported an AUM of 1,727 Cr, supported by a PAN-India presence and over 50 lakh customers served.
• Akara had a strong operating performance across all metrics, with a PAT of INR 85 Cr in FY '2025 as compared to 69 Cr in FY '2024 and revenue of 710 Cr as of Mar. '25. As of 31st March 2025, Akara had a net worth of INR 683 Cr with a low NNPA of 1.6%.

As of date, Akara has been rated BBB [stable] by ICRA.

Operating Sum

Akara Capital combines a robust market presence with stellar risk-mitigation parameters. Powering their growth is a pan-India footprint backed by a strong Capital Adequacy Ratio (CRAR) of 31.09% and a conservative leverage ratio of 1.6x. Complemented by a low NNPA of 1.60%, their portfolio demonstrates elite credit health and structural resilience.

History of Akara Capital 

Akara Capital is a renowned NBFC under the RBI, founded in February 2016. They are committed to supporting businesses by lending them the capital they require to expand across India and abroad. They offer services such as MSME loans to businesses, ensuring instant credit that is backed by automation to make the funding process hassle-free for those in need. 

Corporate financing is another such service, offering tailor-made solutions to businesses as a partner to aid in meeting their business needs. Their services also include digitised lending and consumer loans with instant credit at flexible tenures and lower interest rates. Their asset-backed credit lending is another service that offers credit against property to established as well as emerging businesses with great security. 

Board of Directors

Guided by absolute corporate governance and deep capital markets expertise, Akara’s Board of Directors is led by Managing Director Tushar Aggarwal (former Everstone PE Executive Director) and Director Shruti Aggarwal (former Merrill Lynch Investment Banker). 

Supported by seasoned independent board members, their leadership establishes institutional integrity, strategic compliance, and long-term trust for all financial stakeholders. 

Shareholdings

Akara Capital maintains a balanced and institutionalised equity structure. Promoters proudly anchor the company with a 60.30% majority stake, while leading global private equity & venture capital funds represent 26.60%. Tech giant Tencent rounds out its core equity framework with a strategic 13.10% holding, creating a baseline of robust corporate stability. 

Equity Infusion

A track record of steady financial backing underscores Akara’s continuous growth trajectory. Through structured capital additions—highlighted by large-scale investments totalling over 300 crores in FY '22 alone—Akara's multi-year capital injections demonstrate enduring investor confidence. This ongoing financial commitment continuously fortifies their corporate balance sheet to expand national lending capacity safely. 

Financials

Transparent reporting forms the bedrock of Akara's growth story. Akara Capital demonstrates reliable operational scale, scaling its AUM to ₹1,727 Cr and net worth to ₹683 Cr by FY '25. Delivering a powerful upward profit pivot, Akara's annualised profit after tax reached ₹85 Cr in FY '25, backed by robust liquidity management and strong capital frameworks. 

Key Strengths:

1. Comfortable Capitalisation - As of Dec '25, Akara’s net worth is INR 770 Cr with a comfortable leverage of 2.5x and CRAR of 21.17%, well above the RBI's 15% minimum requirement.
2. Healthy Profitability - Akara has consistently delivered robust operating performance with a PAT of 69 Cr (FY '24) and 85 Cr (FY '25).
3. Experiences Management Team - Founders and management have ~100 yrs of experience across investment banking, private equity, fintech & mobile apps.

Weakness Factors:

1. Nature of Lending - A significant portion of the portfolio comprises unsecured loans to borrowers with moderate credit profiles.
2. Regulatory Risk - Akara operates in the digital lending segment, which exposes it to regulatory risk, given the evolving nature of regulations governing this space.

Akara Capital Credit Rating

Akara Company Details

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