About Company
About company
Finance Through Technological Innovation and Strategic Partnerships
Rapid Loans Private Limited, founded in 2017 by Mahesh and Hemendra, has emerged as a forward-thinking Banking Correspondent dedicated to delivering a comprehensive suite of financial services to its banking partners. With its registered office in Ahmedabad and headquarters in Mumbai, Rapid Loans is on a mission to establish a robust network of branches across India.
The company’s core objective is to streamline loan origination, collection, and servicing processes through extensive use of cutting-edge technology. This technological integration ensures efficient and seamless service delivery, enhancing the overall customer experience.
Rapid Loans operates in close partnership with banks and Non-Banking Financial Companies (NBFCs), aiming to extend financial services to all segments of society. The founders envisioned a platform where customers could benefit from a variety of offers from multiple financial institutions, providing them with greater choice and flexibility.
As part of a well-diversified and capitalized group, Rapid Loans is committed to pioneering inclusive finance. The company’s initial focus is on creating financial accessibility for underserved populations. Building on this foundation, Rapid Loans plans to expand its offerings by developing verticals that provide segmented products tailored to the specific socio-economic status of its clients. This strategic approach underscores the company’s dedication to fostering financial inclusion and promoting economic empowerment across diverse communities.
Hemendra Sinh Solanki - Executive Director
Hemendra is the founder of Modern Group which was incorporated in 2004 and has been a
dominant player in the corporate services industry from staffing to managed IT services. He
has been able to grow Modern Group into a 500 crore turnover conglomerate with
investments in various sectors of the economy.
Mahesh Ahuja - Executive Director
With over 20 years of corporate experience at Barclays, HSBC and ICICI bank, Mahesh
excels in advisory roles across startups and established organizations, driving success and
fostering high-performing teams. Specializing in cost management (P&L), strategic visioning,
Mr. Siddarth S.
Siddarth has been a career banker with stints in ICICI Bank , IndusInd and Jana SFB , he spearheaded the JLG division in Belstar which grew to 300 branches under him with presence in 11 states and a PAR performance of less than 1% , his last stint was with Tata Capital where he headed Credit as NCM along with internal quality and Control functions . Siddarth is a domain expert of Collections and Cross Sell in MFI business .
Prashant Mane
Prashant is a CA by education and would handle the key role of heading the finance , he has had stints in ICICI Bank , HDFC Bank and SVC banks apart from his Audit experience , his hands on experience with Audit and Accounts will help the BC Day 1 in stabilising the operations ensuring seamless services to Partners
Amit Ingle
Amit would head Legal and Compliances for the new entity , a trained lawyer by profession Amit has a ground network across country and has interests in Rural Livelihood enhancement programs . He would also be tasked with creating linkages in the community for Rapid Loans through income enhancement activities .