Oct 31, 2022By: Vaamanaa Sethi
Hardika Shah is the founder and CEO of fintech company Kinara Capital, which provides collateral-free business loans to small business owners within 24-48 hours.
Shah can be said to be the real-life Mohan – a character played by Shahrukh Khan in the movie Swades – as she left her comfortable job in the US to help Indian business owners.
She wanted to do something meaningful. Thus Kinara Capital was born in 2011 with the idea of driving financial inclusion by providing Indian small business entrepreneurs easy loan access within a very short span of time.
Before returning to India, Shah worked for two decades as a management consultant with Accenture.
"Switching from a career in management consulting to setting up a non-bank financial company was indeed a troublesome one. I came from consulting services, so handling financial services in India was like understanding a foreign language,” Shah told LiveMint.
Born and raised in a small town in Gujarat, she had seen her mother face a hard time running a small provision store. "She had this ambition to create a chain of these stores but she couldn't do it. That's because she never got access to the capital. My mother dreamt big but never had an access to achieve them," Shah said.
She holds a B.A. in computer science from Knox College in Illinois, USA. She earned her MBA from a joint program between Columbia Business School and UC Berkeley’s Haas School of Business.
The platform offers a quick one-minute eligibility check and can complete the entire process from loan decisioning-to-disbursement within 24-hours. The company claims to have 125 branches across over 100 cities in India.
The company, on October 28, said that it had secured around ₹200 crore in a funding round led by UK's development finance institution (DFI), British International Investment (BII).