Creditsudhaar

CreditSudhaar
Private
Industry Credit (finance)
Founded 2010
Founders Arun Ramamurthy and Gaurav Wadhwani
Headquarters Mumbai, India
Area served
 India
Website www.creditsudhaar.com

CreditSudhaar is an online finance and credit platform for consumers in India.[1][2] Established in 2010 CreditSudhaar currently has a client base in 217 cities.[3][4]

CreditSudhaar offers credit and financial tools including free credit scores, credit monitoring, credit score simulators to its clients.[5] CreditSudhaar also provides customers with a wide range of analytical assessments to the users helping them to have an in-depth understanding on their credit status.[6] The Credit simulator helps the user to check the impact of various credit actions on their credit health.[7] Headquartered in Mumbai, CreditSudhaar has offices in Delhi and Bangalore and has an employee strength of 150 people.[8]

Founders

CreditSudhaar was founded by Arun Ramamurthy and Gaurav Wadhwani.[4] Arun Ramamurthy, a management graduate from Indian Institute of Management – Kolkata also holds a bachelor's degree in economics.[9] Gaurav Wadhwani is alumni of Management Development Institute – Gurgaon. Both bring with them an in-depth understanding of retail credit and banking.[10][11]

Business model

The Business model revolves around providing free scores to users.[2] The cost of offering free credit reports and scores is offset by One by revenues from advertising, fees received from banks on matching consumers with the bests offers on loan products.[12] The company also provides credit health advisory services to clients who have a poor credit profile.[5][7][13][14]

Customer and bank level analytics

CreditSudhaar attempts to analyze credit report data for customer and matches it with the various products available with lenders and insurance companies.

It offers not for profit services to promote credit and financial literacy in India.[15][16]

See also

References

  1. ↑ Mondal, Dipak (11 March 2013). "MONEY MAIL: How employers and lenders study your behaviour to analyse the risk you pose to them". Mail Online India. Retrieved 31 October 2015.
  2. 1 2 Talreja, Vishakha (28 July 2013). "'Being credit-healthy can get you better loans'". The New Indian Express. Retrieved 27 January 2016.
  3. ↑ "Credit Sudhaar ties up with CIBIL for credit advisory services". The Economic Times. PTI. 31 December 2012. Retrieved 27 January 2016.
  4. 1 2 "DCB Bank ties up with Credit Sudhaar to offer credit card". Business Standard. Retrieved 27 January 2016.
  5. 1 2 "CreditSudhaar to provide credit score estimates for free". The Economic Times. 20 March 2013. Retrieved 27 January 2016.
  6. ↑ Sinha, Sanjeev (27 March 2015). "Five things lenders won't tell you while calculating your credit score". The Economic Times. Retrieved 27 January 2016.
  7. 1 2 Mukherjee, Ritwik. "Have low credit score? Don't worry, it can be fixed". Financial Chronicle. Retrieved 27 January 2016.
  8. ↑ "About CreditSudhaar". Official website. Retrieved 27 January 2016.
  9. ↑ "Improve your credit health through CreditSudhaar". Moneycontrol.com. Retrieved 27 January 2016.
  10. ↑ "It helps to borrow...". Business Standard. 29 June 2015. Retrieved 27 January 2016.
  11. ↑ "5 Ways to Improve CIBIL score". Moneycontrol.com. Retrieved 27 January 2016.
  12. ↑ Nair, Priya (5 March 2013). "DCB Bank ties up with CreditSudhaar to offer credit card". Business Standard. Retrieved 27 January 2016.
  13. ↑ "One in 4 credit reports have an error: Report". Business Today (business magazine). 23 September 2013. Retrieved 27 January 2016.
  14. ↑ Singh, Sandeep (27 May 2013). "Loan Ranger: Improve your credit score, get that loan". The Financial Express (India). Retrieved 27 January 2016.
  15. ↑ "Smart ways to improve your credit rating". The Economic Times. 15 October 2013. Retrieved 27 January 2016.
  16. ↑ "Credit cards- In your interest". India Today. Retrieved 27 January 2016.
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