Beryl Securities
Beryl Securities Limited is an RBI-registered Indian NBFC that lends to underserved micro and small enterprises, salaried individuals, and self-employed professionals in Tier 2 and Tier 3 locations of Madhya Pradesh and Uttar Pradesh via a digital platform and five-branch network.
- Company typePublic
- Founded1994
- HeadquartersIndore, India
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Beryl Securities does
Beryl Securities Limited is an RBI-registered Non-Banking Financial Company (NBFC) headquartered at 133 Kanchan Bagh, Indore, India, that provides a diversified portfolio of credit products to underserved micro and small enterprises, salaried individuals, self-employed professionals, property owners, and vehicle buyers. Incorporated in 1994 and BSE-listed since 1996 (scrip code 531582), the company secured its RBI license (No. 03.00040) in 1998 and underwent a management change in 2024 that triggered a full operational restart.
The company's product set spans four categories delivered through a single digital lending platform: Personal Loans (Personal Loan, EMI-Free Loan, Short Term Usage Loan), Business Loans (Business Loan, Working Capital Loan, MSME Term Loan, Invoice Financing), Property Loans (Loan Against Property), and Vehicle Loans (E-Bike and Car Loans). Its technology stack centers on an online application process with e-KYC (PAN and DOB validation), interactive EMI calculators, and an automated repayment system using Auto eNACH and UPI mandates. Distribution is hybrid: a self-serve website (berylsecurities.com) plus five physical branches in Madhya Pradesh and Uttar Pradesh (Indore, Chhatarpur, Panna, Mahoba, Banda).
Beryl generates revenue primarily from interest income on its loan book (rates from 12% to 24% p.a. depending on product and borrower profile), supplemented by processing fees (2% + GST on personal loans), penal and bounce charges, and stamp duty. Loan tickets range from INR 25,000 (E-Bike) to INR 1 crore (personal/business), with tenures from 3 months to 6 years. Target customers are predominantly in Tier 2 and Tier 3 locations of central India, with a stated 24–36 hour approval turnaround. The company has approved a 2026 preferential-issue fundraise to support operational expansion and risk management, and is evaluating a registered office relocation within Indore.
Beryl Securities firmographics
Firmographics- Name
- Beryl Securities
- Legal name
- Beryl Securities Limited
- Website
- https://berylsecurities.com
- Company type
- Public
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Beryl Securities Limited is an RBI-registered Indian NBFC that lends to underserved micro and small enterprises, salaried individuals, and self-employed professionals in Tier 2 and Tier 3 locations of Madhya Pradesh and Uttar Pradesh via a digital platform and five-branch network.
- Ownership category
- akta.pro rank
Beryl Securities industry classification
Industry- Product category
- Non-Banking Financial Company (NBFC) / Consumer and MSME Lending
- NAICS
- Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)
- akta.pro primary industry
- Merchant Cash Advance & Revenue-Based Financing Enablement (FSAGALAH)
- akta.pro secondary industry
- Private Credit — Real Estate Debt (Bridge, Mezz, CMBS-like) (FSAHAJAI)
Keywords
Where Beryl Securities is headquartered
LocationHeadquarters
- HQ city
- Indore
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
Beryl Securities business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Loan Interest Income: Primary revenue stream from interest charged on various loan products including Personal Loans, Business Loans, Working Capital Loans, MSME Term Loans, Invoice Financing, Loans Against Property, E-Bike Loans, and Car Loans. Interest rates start from 12% p.a. with typical rates ranging from 12%-24% depending on loan type and borrower profile.
- Processing Fees: Fees charged for loan processing. Personal loan processing fee is 2% + GST. Additional charges include bounce charges (Rs. 550 + GST), pre-payment charges (4% + GST if foreclosed within 180 days), penal charges (up to 5% + GST of overdue amount), and stamp duty (0.1% of loan amount).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Personal Loan: Interest rates 12%-24% p.a., loan amounts from INR 50,000 to INR 10,000,000, tenure up to 36 months |
| Subscription | Pay-as-you-go | EMI-Free Loan: Interest starts from 12% p.a., maximum tenure up to 36 months |
| Unit Pricing | Pay-as-you-go | Short Term Usage Loan: Flexible tenure 3 months to 1 year, loan amounts from INR 50,000 to INR 5,000,000 |
| Subscription | Monthly | Business Loan for MSMEs: Loan amounts from INR 50,000 to INR 10,000,000, tenure 3 to 36 months |
| Subscription | Monthly | Working Capital Loan: Loan amounts from INR 50,000 to INR 5,00,000, tenure 3 to 24 months |
| Subscription | Monthly | MSME Term Loan: Loan amounts from INR 50,000 to INR 5,00,000, tenure 3 to 24 months |
| Transaction based/ take rate | Pay-as-you-go | Invoice Financing: Loan amounts from INR 50,000 to INR 5,00,000, tenure 3 to 12 months |
| Subscription | Monthly | Loan Against Property: Loan amounts starting from INR 3,00,000, tenure 3 to 6 years |
| Subscription | Monthly | E-Bike/EV Loan: Loan amounts from INR 25,000 to INR 5,00,000, tenure 6 to 36 months |
| Subscription | Monthly | Car Loan: Loan amounts from INR 100,000 to INR 5,00,000, tenure 12 to 60 months |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Beryl Securities product offering
Product offeringCore offering
Beryl Securities Limited is an RBI-registered Non-Banking Financial Company (NBFC) that provides a diversified portfolio of lending products to individuals and micro, small, and medium enterprises (MSMEs). The company offers personal loans, business loans, working capital loans, MSME term loans, invoice financing, loans against property, e-bike loans, and car loans through a digital lending platform combined with a physical branch network. Loan amounts range from INR 25,000 to INR 10,000,000, with interest rates starting from 12% p.a. and tenures ranging from 3 months to 6 years depending on the loan type.
Product overview
Beryl Securities Limited is an RBI-registered NBFC (Non-Banking Financial Company) providing a diversified portfolio of financial products and services through its online lending platform. The company operates a unified product ecosystem organized across four main categories: Personal Loans (including Personal Loan, EMI-Free Loan, and Short Term Usage Loan), Business Loans (including Business Loan, Working Capital Loan, MSME Term Loan, and Invoice Financing), Property Loans (Loan Against Property), and Vehicle Loans (E-Bike Loan and Car Loan). The offering is structured as a single digital lending platform that provides access to all loan products with integrated features including online application processing, EMI calculators, and digital repayment management.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Loan Unsecured personal loan for salaried individuals and self-employed professionals, offering loan amounts from INR 50,000 to INR 10,000,000 at interest rates starting from 12% p.a., with flexible repayment tenures of 3 to 36 months. Quick approval within 24-36 hours with minimal documentation.
- EMI-Free Loan Loan product allowing bullet payment at end of tenure instead of monthly EMIs, providing financial flexibility for salaried and self-employed individuals with tenures up to 36 months. Interest rates start from 12% p.a.
- Short Term Usage Loan Unsecured short-term loan for urgent financial needs with flexible tenure of 3 months to 1 year, available for salaried individuals, self-employed professionals, and MSMEs. Loan amounts from INR 50,000 to INR 5,000,000 with no collateral required and flexible Daily/Weekly/Monthly EMI options.
- Business Loan MSME-focused business loan providing financing from INR 50,000 to INR 10,000,000 with flexible repayment options including Daily, Weekly, or Monthly EMI payments over 3 to 36 months. Minimum business income requirement of INR 30,000 per month, minimum 3 years business vintage, and GST registration required.
- Working Capital Loan Short-term financing for day-to-day business operations with loan amounts from INR 50,000 to INR 5,00,000 and repayment tenures of 3 to 24 months. Funds restricted for business inventory purchase or day-to-day operations with flexible Daily/Weekly/Monthly EMI options.
- MSME Term Loan Term loan tailored for Micro, Small, and Medium Enterprises providing financial support with loan amounts from INR 50,000 to INR 5,00,000 and tenures from 3 to 24 months. Requires MSME registration, GST compliance, and minimum monthly income of INR 30,000. Flexible Daily/Weekly/Monthly EMI options.
- Invoice Financing Financing solution that converts unpaid invoices into immediate working capital for businesses, with loan amounts from INR 50,000 to INR 5,00,000 and repayment periods of 3 to 12 months. For businesses with minimum turnover of 2 crores, requires GST registration and ITR/Tax Audit filing. Repayment options include Daily, Weekly, or Monthly EMI.
- Loan Against Property Secured loan leveraging residential or commercial property assets, offering loan amounts starting from INR 3,00,000 with flexible repayment tenures of 3 to 6 years. Applicant age: 21-65 years. Competitive interest rates.
- E-Bike Loan Electric vehicle loan for purchasing e-bikes and other EVs, providing financing from INR 25,000 to INR 5,00,000 with repayment tenures of 6 to 36 months. Competitive interest rates with flexible repayment options.
- Car Loan Vehicle financing for new and pre-owned cars, offering loan amounts from INR 100,000 to INR 5,00,000 with flexible repayment options over 12 to 60 months. Competitive interest rates. Applicant age: 21-65 years.
Quantifiable outcome
- Loan disbursement within 24-36 hours of approval
- +3 more outcomes
Companies that use Beryl Securities
Customer profileSegments4 records
Ideal customer profiles4 records
Beryl Securities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Beryl Securities partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights5 records
Beryl Securities competitors and assessment
Company assessmentDirect peers
- Bajaj Finance: India's largest retail NBFC offering personal loans, business loans, LAP, and consumer durable financing across urban and Tier 2/3 markets. Directly comparable product suite, though vastly larger scale; sets the competitive benchmark Beryl is measured against.
- Five Star Business Finance: NBFC specializing in small-ticket secured business loans and LAP to small business owners in Tier 2/3 India. Directly comparable in the LAP and small-business lending product that is a core Beryl offering.
- Muthoot Fincorp: Gold-loan-anchored NBFC that has expanded into MSME, personal, and vehicle loans in Tier 2/3 India. Directly comparable geographic and customer-segment focus with overlapping personal/MSME products.
- Shriram Finance: Large Indian NBFC with deep presence in small-ticket vehicle loans, personal loans, and MSME lending targeting non-metro and semi-urban India. Highly comparable in customer segment and product mix, especially on the vehicle/used-car side.
- Cholamandalam Investment and Finance: Diversified NBFC with strong vehicle finance, LAP, and small-business lending books. Comparable on the secured-lending products (LAP, car loans) and the SME business-loan segment Beryl targets.
- Manappuram Finance: Diversified Indian NBFC offering gold loans, MSME finance, microfinance, and vehicle finance. Comparable product breadth and small-ticket retail/MSME customer focus.
- Mufin Green Finance: NBFC focused on electric vehicle and clean-mobility financing in India. Directly comparable on Beryl's E-Bike/EV loan product, a niche where Beryl is positioning.
- MAS Financial Services: Gujarat-headquartered NBFC focused on MSME loans, two-wheeler finance, and commercial vehicle loans to underserved segments. Closely comparable in product mix and target customer (small-ticket MSME/retail), though regional rather than central India.
Broad incumbents
- Spandana Sphoorty Financial: Listed Indian NBFC focused on microfinance and small-ticket MSME lending to lower-income borrowers. Comparable end-customer profile (underserved, informal-income) and overlap with Beryl's MSME/personal segment.
- IIFL Finance: Large diversified Indian financial services group offering personal, gold, business, and home loans. Overlaps with most of Beryl's product suite as a broad incumbent, but with materially larger balance sheet and digital reach.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Beryl Securities social profiles
Digital presenceBeryl Securities financial estimates
Financial estimateRevenue estimate
Valuation estimate
Beryl Securities leadership team
Management profileNumber of profiles
Profiles7 records
Beryl Securities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Beryl Securities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Beryl Securities
What does Beryl Securities do?
Beryl Securities Limited is an RBI-registered Non-Banking Financial Company (NBFC) that provides a diversified portfolio of lending products to individuals and micro, small, and medium enterprises (MSMEs). The company offers personal loans, business loans, working capital loans, MSME term loans, invoice financing, loans against property, e-bike loans, and car loans through a digital lending platform combined with a physical branch network. Loan amounts range from INR 25,000 to INR 10,000,000, with interest rates starting from 12% p.a. and tenures ranging from 3 months to 6 years depending on the loan type.
Is Beryl Securities a public or private company?
Beryl Securities is a public company. It is classified as public and is currently operating.
When was Beryl Securities founded?
Beryl Securities was founded in 1994. It employs 11 to 50 people.
Where is Beryl Securities based?
Beryl Securities is headquartered in Indore, India, in the Asia region.
How does Beryl Securities make money?
Two revenue lines are on record. Loan Interest Income is the primary driver. The others are processing Fees.
Who are Beryl Securities's main competitors?
Direct peers on record are Bajaj Finance, Five Star Business Finance, Muthoot Fincorp, Shriram Finance, Cholamandalam Investment and Finance, Manappuram Finance, Mufin Green Finance and MAS Financial Services. Broad incumbents are Spandana Sphoorty Financial and IIFL Finance.
Does Beryl Securities have an API?
No public API is recorded for Beryl Securities.
What industry is Beryl Securities in?
Beryl Securities's product category is Non-Banking Financial Company (NBFC) / Consumer and MSME Lending. Its primary akta.pro industry code is FSAGALAH, Merchant Cash Advance & Revenue-Based Financing Enablement, with a secondary code of FSAHAJAI, Private Credit — Real Estate Debt (Bridge, Mezz, CMBS-like). Its NAICS code is 522310 and its SIC code is 6153.