Providential Advisory Services Pvt. Ltd.
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Providential Advisory Services Pvt. Ltd. - overview
Established
2016
Location
Noida, Uttar Pradesh, India
Primary Industry
Internet
About
Providential Advisory Services Pvt. Ltd. specializes in providing tailored investment solutions, catering to both novice and experienced investors through a variety of financial products and strategic advisory services. Founded in 2016 in Noida, India, Providential Advisory Services Pvt.
Ltd. offers investment advisory services. The founders, Anurag Garg, Pradeep Bhasin, and Sridhar Srinivasan, have a history of entrepreneurship. The company has conducted a total of 6 deals, with its latest funding round being a Seed round of USD 1.
60 mn led by Indian Angel Network, representing the total amount raised. Nivesh offers a comprehensive suite of investment products designed to cater to a diverse client base, including first-time investors and seasoned financial enthusiasts. The core offerings encompass mutual funds, fixed deposits, portfolio management services (PMS), alternative investment funds (AIF), bonds, and gold investments. These products simplify the investment process, leveraging advanced technology and data insights to enhance user experience and decision-making.
Clients use these offerings to achieve various financial goals, such as wealth accumulation, tax reduction through strategic investing, and preparing for significant life events like retirement, education, and home purchases. Nivesh operates primarily within India while also catering to international investors seeking exposure to Indian financial products. In 2023, Nivesh generated a revenue of USD 972,052. 60, with an EBITDA of USD -1,664,868.
20. The company’s revenue model relies on transaction-based income from investment services, including advisory and management fees associated with its offerings. Nivesh emphasizes transparency in pricing, ensuring clients understand the costs involved in their investment choices. Providential Advisory Services Pvt.
Ltd. aims to enhance its product offerings and expand into new markets. The firm is planning to launch new investment products aimed at further diversifying its portfolio by the end of 2024. Additionally, it intends to expand its reach into Southeast Asian markets, targeting a broader audience of investors.
Recent funding from Udyat Ventures will support these initiatives, facilitating product development and market entry strategies.
Current Investors
LVX, Windrose Capital, Indian Angel Network
Primary Industry
Internet
Sub Industries
e-Financial, Web Applications, Analytics & Performance Software
Website
www.nivesh.com
Verticals
FinTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Providential Advisory Services Pvt. Ltd. - timeline of key events
Providential Advisory Services Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 109,098 | 2,191,205 | 3,548,789 | 5,840,892 | 13,217,267 | - | - | - |
| % Revenue Growth (YoY) | - | 1908.5% | 62.0% | 64.6% | 126.3% | - | - | - |
| EBITDA (USD) | (2,823,682) | (13,762,066) | (23,502,524) | (32,243,083) | (31,646,305) | - | - | - |
| Operating Income (USD) | (2,948,560) | (14,657,212) | (24,796,286) | (34,205,289) | (32,629,259) | - | - | - |
| Operating Margin | (2702.7%) | (668.9%) | (698.7%) | (585.6%) | (246.9%) | - | - | - |
| % EBITDA Margin | (2588.2%) | (628.1%) | (662.3%) | (552.0%) | (239.4%) | - | - | - |
| NET Income (USD) | (2,988,344) | (14,625,158) | (24,845,255) | (33,644,499) | (32,805,886) | - | - | - |
| % Net Margin | (2739.1%) | (667.4%) | (700.1%) | (576.0%) | (248.2%) | - | - | - |
Providential Advisory Services Pvt. Ltd. - employee data
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