Company Overview

Emerald Finance Limited is a diversified financial platform focused on lending, distribution, and earned wage access (EWA). The company operates an integrated model with trusted partnerships and multiple growth engines, combining lending, distribution and EWA to build long-term value.

Business Model & Strategy

The company's business model addresses the mid-month cash gap problem through digital earned wage access solutions, creating value for employees, employers, and Emerald Finance. The growth strategy focuses on scaling EWA, deepening relationships, and expanding value through technology, automation, data, and insights.

Distribution Partnerships

Emerald has strong distribution partnerships with 50+ lenders including major financial institutions:

  • Public Sector Banks: SBI, Canara Bank, Bank of Baroda
  • Private Banks: ICICI Bank, Kotak Mahindra Bank, Yes Bank, RBL Bank, IndusInd Bank, Federal Bank, DCB Bank, IDFC FIRST Bank
  • NBFCs: Axis Finance, Shriram Housing Finance, Muthoot Finance, L&T Finance, TATA Capital, Edelweiss
  • Others: Standard Chartered, IIFL Securities, PaySense, and many more

The partnership-led growth model provides efficient sourcing, strong customer acquisition, quality lead flow, and process-driven distribution with focus on conversion and service.

Lending Business Performance

  • Total Disbursed (Cumulative): ₹125 Cr+
  • Historical NPA: < 0.20%
  • MSME Lending Focus: Unsecured working capital solutions to MSMEs across India

Q1 FY27 Financial Highlights

Consolidated Performance (₹ in Crores)

| Particulars | Q1 FY27 | Q1 FY26 | Growth |

| Total Income | 9.44 | 6.74 | 39.97% |

| Employee Cost | 0.94 | 1.22 | |

| Other Expenses | 1.07 | 0.89 | 60.28% |

| Total Expenditure | 2.01 | 2.11 | |

| EBITDA | 7.42 | 4.63 | |

| Interest | 0.82 | 0.37 | |

| Depreciation | 0.07 | 0.00 | |

| PBT (Profit Before Tax) | 6.54 | 4.27 | |

| Tax Expense | 1.66 | 1.07 | 52.72% |

| Net Profit | 4.88 | 3.19 | |

Standalone Performance (₹ in Crores)

| Particulars | Q1 FY27 | Q1 FY26 | Growth |

| Net Sales | 6.27 | 4.71 | |

| Other Income | 0.00 | 0.03 | |

| Total Income | 6.27 | 4.74 | 32.47% |

| Employee Cost | 0.37 | 0.45 | |

| Other Expenses | 0.68 | 0.42 | |

| Total Expenditure | 1.05 | 0.87 | |

| EBITDA | 5.22 | 3.86 | 35.19% |

| Interest | 0.57 | 0.34 | |

| Depreciation | 0.02 | 0.00 | |

| PBT (Profit Before Tax) | 4.63 | 3.52 | |

| Tax Expense | 1.18 | 0.89 | |

| Net Profit | 3.45 | 2.63 | 31.18% |

Technology Infrastructure

The company has built a technology backbone designed for scale, speed, and reliability featuring:

  • API-driven infrastructure with modern, modular APIs
  • Real-time disbursement capabilities
  • Scalable cloud systems with secure, resilient, and elastic cloud architecture

Leadership Team

Board of Directors

  • Mr. Sanjay Aggarwal (Promoter & Managing Director): Graduate in Commerce from DAV College, Chandigarh; Associate Member of ICAI; Over 30 years experience in project finance, loan syndication, and capital restructuring; Previously worked with ICICI Bank, Kotak Mahindra Bank, HDFC Bank
  • Mrs. Anubha Aggarwal (Promoter & Director): Over 17 years in finance sector; Proprietor of Reliance Capital & Financial Services and Eclat Management Services
  • Mr. Manjeet Kaushik (Director): Commerce Graduate from Delhi University; Master's Degree in Accounting and Finance from ICAI; Over 9 years in management, finance, accounting, business development; Managing Partner of MSK & Associates; Practicing Chartered Accountant since 2012
  • Mr. Akshay Agarwal (Director): Chartered Accountant; Over 13 years in audit, GST, indirect taxation, and MIS; Founder of A Akshay & Associates; Director of Satyam Plastic Granules Private Limited since 2015

Key Personnel

  • Mrs. Sheetal Kapoor (CFO): MBA in Finance and CMA; Over 15 years finance and accounting experience; with company since 2011
  • Mrs. Gurmeet Kaur (CRO): Over 30 years expertise in consumer finance risk management; previously worked with Bajaj Finance, Fullerton India, Citi Financials
  • Mr. Talin Aggarwal (Head of Partnerships): MBA from ISB; Over 5 years experience in product development and strategy
  • Mrs. Amarjeet Kaur (Company Secretary): Commerce degree from Panjab University; Over 23 years experience in compliance and corporate governance
  • Ms. Amanpreet Sodhi (Business Head): Over 20 years banking experience with ICICI Bank and IDBI Bank; expertise in corporate and retail sales

CSR Initiatives

The company's CSR efforts focus on three main areas:

1. Treatment of Cancer Patients: Supporting access to treatment, care and relief

2. Education: Promoting learning and opportunity through education-focused initiatives

3. Donation to the Underserved: Extending support to underserved individuals and communities