AKARA Research and Technology Private Limited
Akara Research and Technology Private Limited is a data-driven geo-visual analytics firm based in Chennai, India. Founded in May 2013 by professionals with over two decades of experience in the data solutions industry, the company focuses on transforming complex data into clear and actionable insights through geospatial delivery.
At Akara, we develop & deploy data-powered solutions that assist in decision-making for the growth of businesses. The innovative solutions are centered around integrating disparate data sets – Public data, client’s proprietary data & research-based estimated data. The solution leverages Geospatial delivery with heat maps & Choropleth maps, for evolving business strategies & interventions at micro-geographies.
Enterprises deploy the solution for actionable decisions in business planning, identifying growth opportunities, and optimal allocation of resources, amongst others.
Here’s what they do:
Develop and deploy data-powered solutions to assist businesses in making informed decisions for growth.
Integrate disparate data sets, including public data, client proprietary data, and research-based estimated data.
Leverage geospatial delivery with heatmaps and choropleth maps to help businesses evolve their strategies and interventions at micro-geographical levels.
Empower enterprises with robust economic estimations coupled with a secure and interactive map display of their internal data.
Provide customized, real-time map solutions and analytics that add immense value in monitoring the efficacy of public service delivery and making granular geographic interventions in the distribution network for brands
Akara’s client base includes various enterprises across industries, including:
Retail
Consumer goods
Financial services
Government
Non-profit organisations
Governance Solutions
Empowering Governance through Data-driven Innovative “Civic-Tech” Solutions
At Akara, our tailored services cover a wide spectrum of areas, leveraging advanced technologies and domain expertise to address the most critical day-to-day challenges faced by Urban Local Bodies (ULBs) in servicing their citizens.
We specialize in crafting bespoke solutions in key areas of Urban Governance including water, sanitation, solid waste management, transportation, and more. Our team collaborates closely with partners and ULBs to design solutions that precisely meet their unique requirements and operational contexts.
With our expertise in nationwide baseline surveys, advanced technology, and GIS capabilities to represent ward-level interventions Geo-visually, we are committed to providing reliable, data-driven insights that drive positive change across the ULBs.
Enterprises
Elevating businesses through Data Powered Solutions
At Akara, we develop & deploy data-powered solutions that assist in decision-making for the growth of businesses. The innovative solutions are centered around integrating disparate data sets, Public data, client’s proprietary data & research-based estimated data. The solution leverages Geospatial delivery with heat maps & Choropleth maps, for evolving business strategies & interventions at micro-geographies.
Key Terms of Issuance
| Rating | ICRA BBB (Stable) |
| Issuance Size | INR 20 Cr |
| Security | 1.1x of outstanding amt |
| Tenor | 550 days |
| Type | Senior, Secured, Listed, Redeemable |
Portfolio Characteristics:
• Average ticket size overall INR 15k in Q1FY24 vis-à-vis 13.9k in FY23
• Repeat customers ~40% for Elev8. >50% disbursement through organic channels
• 64% AUM in 651-750 Equifax score, 22% NTC.
• 36% AUM towards borrowers earning > INR 50k per month as of Jun’23
• 53% AUM having tenure in the range of 10 to 18 months as of Sep’23
• 63% AUM towards repeat customers (i.e., other than the first cycle) as of Sep’23
• 43% AUM yielding income in the range of 2 to 4% per month as of Jun’23
• 43% AUM concentrated in top 5 states (borrower residence) as of Sep’23
• 27% AUM for borrowers with FOIR < 50%; but 37% to borrowers with >90% FOIR
Financial Projections:
AUM guidance – 60%+ growth in FY24 and 40%+ growth in FY25, with marginal growth in average ticket sizes too.
ROA of ~5% in FY24 and 8.4% in FY25, driven by scale benefits, reduction in CAC & OPEX.
Further equity infusion of INR 350 Cr is expected in FY24 to support negative cash flow from operations (since disbursement growth is high)
Consolidated Leverage ratio projected under 2x until FY26
What’s an NCD?
Imagine you lend money to a friend instead of putting it in the bank. You expect your friend to pay you back with interest at a certain time. A non-convertible debenture is like that but with a company instead of a friend.
Here’s the simple meaning:
You give money to a company.
The company promises to pay you back with interest at a set time.
You cannot trade this loan for ownership of the company.
So, it’s a way for a company to borrow money from you like a loan, and you earn interest for your investment.
What does FINZACE provide?
We at Finzace provide you with a platform to invest in NCDs of AKARA Research and Technology Private Limited and various NCDs with the best ROI (Return On Investment) with a very user-friendly platform starting @ 12% p.a. We are offering the best market ROI ofAKARA Research and Technology Private Limited NCD @%13 p.a. Invest securely from our platform and enjoy high-interest returns.
Our investments in AKARA Research and Technology Private Limited NCDs start from 1,00,000/- per unit.
For our investor’s reference, we have provided the cashflow schedule for one unit of AKARA Research and Technology Private Limited NCD @13% p.a.
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