Empowering MSMEs:
The Backbone of the Economy
RBI registered company
8000+ Crores
MSME Loans Disbursed
100+ Cities
Across 6 States
300+
MSME Sub-Sectors Supported
Our Story
India is home to more than 63 million MSMEs, which contribute to nearly 30% of the country’s GDP and employ more than 250 million people.
The World Bank estimates the credit gap faced by the Indian MSME sector to be over $400 billion, hindering growth and progress.
Our Story
Kinara Capital began in 2011 with a mission to drive financial inclusion and empower small businesses across India. Founded by Hardika Shah, Kinara has transformed MSME financing through innovative lending solutions that offer collateral-free loans—removing traditional barriers and empowering micro, small, and medium enterprises (MSMEs) with fast, accessible capital.
Over the years, Kinara has expanded its reach, establishing a significant presence across India to support underserved entrepreneurs. Its commitment to diversity has also made Kinara a leader in gender inclusion, with a women-majority management team and gender parity at its head office.
What We Stand for
Kinara Capital is dedicated to driving financial inclusion and growth for MSMEs, creating a more equal business landscape where small businesses can achieve their true potential.
Vision
Kinara Capital envisions a financially inclusive world where every entrepreneur has equal access to capital.
Mission
Kinara Capital transforms lives, livelihoods and local economies by providing fast and flexible loans without collateral to small business entrepreneurs in India.
Our goal from the very beginning has been to transform lives, livelihoods, and local economies by providing small businesses with fast, collateral-free access to capital. The ultimate aim is to empower the 63 million small business entrepreneurs across India who make up the underserved MSME sector, driving growth and financial inclusion through technology and innovation.
Through our optimized tech-driven processes, like AI/ML-powered loan decisioning models, combined with in-person support, I envision building a future where access to credit is simplified and made accessible to every entrepreneur in need, setting a benchmark for sustainable financing at the last mile.
Hardika Shah, Founder & CEO, Board Director
Hardika Shah,
Founder & CEO, Board Director
Our Leadership
Our visionary leadership team is building innovative solutions to support underserved MSME entrepreneurs
Our visionary leadership team is building innovative
solutions to support underserved MSME entrepreneurs.
Hardika Shah
Founder & CEO, Board Director
Aiswarya Ravi
CFO, Board Director
Anuradha V
CRO
Dinesh Sharma
CTO
Our Management
Our women-majority management team is dedicated to the vision of inclusivity and growth.
Gracy Tavamani
Deputy CHRO
Narasimha Murthy
EVP, Sales
Prerna Bhasin
EVP, Legal & Collections
Anuradha Nataraj
EVP, Credit
Khyati Shah
EVP, Corporate Marketing & ESG
Riji K
SVP, Internal Quality Audit (IQA)
Mayank Arora
SVP, Strategy & Products
Sanjiv Gehlaut
SVP, Data Science
Saurabh Jain
SVP, Finance & Accounting
Tushar Cherian
SVP, Debt & Treasury
Dimple Shah
AVP, Corporate Legal & Secretarial
Preeti Pal
AVP, Compliance
Board of Directors
Our Board Members are passionate about creating an impact in the world’s fastest growing economy.
Sunil Gulati
Chairperson and Independent Director
Parthasarathy N. S.(Partha)
Independent Director
Ravindra Pisharody
Independent Director
Bhavna Thakur
Advisor
Rekha Unnithan
Nominee Director
Stephen Lee
Nominee Director
Arvind Kodikal
Nominee Director
Manoj Balan
Nominee Director
Agustín Vitórica
Nominee Director
Geoff “Chester” Woolley
Nominee Director
Hardika Shah
Founder & CEO, Board Director
Aiswarya Ravi
CFO, Board Director
INVESTORS
Our Investors
Our investors believe in us to create sustainable impact with financial inclusion of small business entrepreneurs.
Be a part of the change. Join Team Kinara!
Kinara is a diverse and inclusive workplace that celebrates the talent of each employee and supports their continuous growth. Team Kinara is made up of driven professionals working towards the collective goal of driving financial inclusion and growth for MSMEs in India. If you think you’re a good fit for Kinara Capital, come join our team!
Our greatest milestones
Working collaboratively to create an impact for sustainable growth.
2011
HIGHLIGHTS
Founder & CEO Hardika Shah launches Kinara Capital
1st Branch Opens in Karnataka
2012
HIGHLIGHTS
1st Branch Opens in Tamil Nadu
Early Impact Investors Provide Catalytic Capital: John Ayliffe,
Unitus Capital (renamed Patamar Capital), Halloran Philanthropies
2013
HIGHLIGHTS
1st Corporate Office Opens in Bangalore with 14 employees
New lenders and investors support Kinara including: Sorenson Foundation, Intellegrow, IIX
2014
HIGHLIGHTS
Kinara Capital recognized with ‘Sankalp Social Enterprise Award for Financial Inclusion’
New lenders and investors support Kinara including: Michael and Susan Dell Foundation (MSDF), Caspian, Reliance
2015
HIGHLIGHTS
Fully Digital End-to-End Loan Management System (LMS) Launched
Foray into new states including Maharashtra, Andhra Pradesh, Telangana
New lenders and investors support Kinara including: Hinduja Leyland, MAS, Radaur Holdings, Shriram City Union Finance
2016
HIGHLIGHTS
Kinara hits profitability with AUM of 192 croreFounder & CEO Hardika Shah launches Kinara Capital
Expansion to 30 Branches and 265 employees
New lenders and investors support Kinara including: 1st PSU Loan from Vijaya Bank
2017
HIGHLIGHTS
Kinara crosses disbursement of 500 crore
Expansion to 59 branches and foray into Gujarat
New lenders and investors support Kinara including: Gaja Capital, GAWA Capital Mahindra & Mahindra, Unifi AF, IDFC Bank, DCB Bank, Fedbank Financial, Microvest Short Duration Fund
2018
HIGHLIGHTS
Qualified as a Systemically Important NBFC by the Reserve Bank of India (RBI)
Expansion to 90 branches and 900 employees
New lenders and investors support Kinara including: Symbiotics, Tata Capital, BlueOrchard, ResponsAbility, Nabsamruddhi, Utkarsh Small Finance Bank, Suryoday, Nabkisan, AU Small Finance Bank
2019
HIGHLIGHTS
HerVikas program for women-owned MSMEs launched
Expansion of Bangalore Head Office and 100th Branch Opens
Moratorium and CGTSME rolled out to support MSMEs during Covid
Grow With Kinara Free Online Workshop Series launched to support MSMEs
Global Win as ‘Bank of the Year-Asia’ from IFC SME Finance Forum
New lenders and investors support Kinara including: SIDBI, Vivriti, Profectus, Ujjivan, ESAF, Poonawalla, Hiranandani
2020
HIGHLIGHTS
myKinara App launched
Expansion of Bangalore Head Office and 100th Branch Opens
Moratorium and CGTSME rolled out to support MSMEs during Covid
Grow With Kinara Free Online Workshop Series launched to support MSMEs
CSR Program Initiated to support women micro-entrepreneurs
New lenders and investors support Kinara including: SIDBI, Vivriti, Profectus, Ujjivan, ESAF, Poonawalla, Hiranandani
2021
HIGHLIGHTS
Kinara Turns 10-years young!
Crosses AUM of 1000 Cr.
New lenders and investors support Kinara including: Nuveen, Triple Jump
2022
HIGHLIGHTS
75,000+ Business Loans Crossed
Expansion of 125 Branches across 100+ Cities with 1400+ Employees
New lenders and investors support Kinara including: British International Investment (BII)
2023
HIGHLIGHTS
Expansion of Bangalore Head Office with New Building and 133rd Branch Opens
2024
HIGHLIGHTS
USD $1 Billion in Cumulative Disbursements Crossed
Recorded 9th year of consecutive profitability
2025
HIGHLIGHTS
Going and Growing !
