Dhani (company)

Last updated

Dhani Services Limited
Company typePublic company
BSE:  532960
NSE:  DHANI
ISIN INE274G01010
Industry
Founded1995
Headquarters
New Delhi
,
India
Area served
India
Key people
 Sameer Gehlaut [1]
Products
Services
Owner Sameer Gehlaut
Number of employees
10000+ (2021)
Subsidiaries Dhani Loans & Services Limited
Dhani Stocks Limited
Dhani Healthcare Limited
Website www.dhani.com

Dhani is an Indian software company. Its app provides digital financial and healthcare services. [2]

Contents

History

The company was founded by Sameer Gehlaut in 1995, as Indiabulls Ventures Limited which was later renamed Dhani Services Limited in October 2020 to accommodate the consumer business of the Indiabulls Group under one brand name. [3] In 2017, one of its subsidiaries, Indiabulls Consumer Finance Limited launched an app-based lending platform primarily focused on the personal loans' domain. [4] In October 2020, the subsidiary also adopted a new name as Dhani Loans & Services Limited. [5] [6] Another subsidiary, Indiabulls Securities Limited adopted a new name Dhani Stocks Limited in 2020 [7] and a new company Dhani Healthcare Limited was incorporated to offer telemedicine and online pharmacy services. [8]

Funding

Services

Dhani's super app combines an online wallet with buy now, pay later facility plus a subscription fee [11] & primary healthcare services under OneFreedom. In Dhani OneFreedom's subscription business model, depending on how much credit limit the customer is granted irrespective of the actual limit utilization, the interest charged on it which is termed a monthly subscription exponentially rises. [11] In its gamified ecosystem, customers use multiple products within the app to perform mobile recharge, loan repayments, and insurance payments. The platform now also offers direct investments in stocks listed on Bombay Stock Exchange and National Stock Exchange of India. [12] [13]

In 2020, the company integrated online pharmacy with its super app. Within it Dhani Doctor, a telemedicine service including instant video consultations with in-house doctors was added. [14]

In 2021, Dhani's super-app was rated as one of the best personal loan applications in India by The New Indian Express. [15]

Controversies

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References

  1. ↑ Sameer Gehlaut to resign from Indiabulls Housing Finance board by March 31 CNBC TV18 Retrieved on 12 January 2022
  2. ↑ Gupta, Ashish; Shah, Viral (2021). India FinTech Sector:A Guide to the Galaxy (PDF). Mumbai: Credit Suisse. p. 63.
  3. ↑ "Indiabulls Ventures Limited is now Dhani Services Limited". EquityBulls. 6 October 2020. Retrieved 18 February 2022.
  4. ↑ "Indiabulls Ventures' subsidiary launches mobile application 'Dhani App'". Business Standard India. 25 October 2017. Retrieved 18 February 2022.
  5. ↑ "IFIN". ifinltd.in. Retrieved 18 February 2022.
  6. ↑ Shethia, Himanshu; Agarwal, Sanjay (7 April 2021). "CARE Ratings: Loans and Services Limited" (PDF). IDBI Trusteeship . Retrieved 18 February 2021.
  7. ↑ Harsha, Sree; Patwardhan, Anil (18 December 2020). "Rating Rationale: Dhani Stocks Limited (erstwhile Indiabulls Securities Ltd)" (PDF). Brickwork Ratings. Retrieved 18 February 2022.
  8. ↑ "Indiabulls' healthcare arm to offer Rs 90-crore of non-critical drugs in Covid aid". ETHealthworld.com. Retrieved 18 February 2022.
  9. ↑ "Dhani Services raises Rs 147 cr by issuing shares to foreign investor". Business Standard India. 6 October 2020. Retrieved 18 February 2022.
  10. ↑ "Dhani Services to raise Rs 1,200 crore from General Catalysts, others". The Economic Times. Retrieved 18 February 2022.
  11. 1 2 Dhani OneFreedom Card: Disguising Interest as Subscription Fee
  12. ↑ "Dhani Stocks launches new platform". Business Line. 2 February 2022. Retrieved 18 February 2022.
  13. ↑ R Kavitha, R. Rajeswari (20 August 2021). "QM wallet Chain: Blockchain Traceability using Working Vacation Queueing Model in Mobile Wallet". Turkish Online Journal of Qualitative Inquiry. 12 (8): 2876–2889. ISSN   1309-6591.
  14. ↑ "The pandemic has accelerated the adoption of digital healthcare services: Nikhil Chari, Dhani Healthcare". The Financial Express. 25 August 2021. Retrieved 18 February 2022.
  15. ↑ "10 Best Personal Loan Apps in India (February 2022)". The New Indian Express. Retrieved 18 February 2022.
  16. ↑ Mendonca, George (13 November 2023). "Man loses Rs 90k in loan scam". The Times of India. Retrieved 19 April 2024.
  17. ↑ Singh, Ritu (15 February 2022). "PAN misuse? Indiabulls' Dhani app disbursed loans 'without consent', claim users". cnbctv18.com. Retrieved 3 March 2022.
  18. ↑ Bureau, BL Mumbai (16 February 2022). "Complaints of fraudsters using PAN of other people to obtain loans from Dhani app hit social media". Business Line. Retrieved 3 March 2022.{{cite web}}: |last= has generic name (help)
  19. ↑ Unnikrishnan, Dinesh (17 February 2022). "Explainer| How Dhani fake loan episode exposes big holes in digital lending". Moneycontrol. Retrieved 10 May 2022.
  20. ↑ "Way to go 'Dhani': A utility application asking non-users of the app to repay loan which they never took". Free Press Journal. Retrieved 18 February 2022.
  21. ↑ Khan, Sami (7 April 2021). "Indiabulls Dhani spamming people with payment reminders. Problem: Non-users getting them too". ibtimes.co.in. Retrieved 18 February 2022.
  22. ↑ Nagarajan, Rema (29 December 2020). "Women docs sexually harassed during e-consultations, websites try to hide it | India News". The Times of India. Retrieved 18 February 2022.
  23. ↑ Gautam, Shweta; Sharma, Arya (2020–2021). "Insider Trading: A Reality of Indian Security Market". Jus Corpus Law Journal. 1: 466 – via HeinOnline-Wikipedia Library.
  24. ↑ "Indiabulls insider trading: Sebi impounds Rs 87.2 lakh from ex-director, spouse". The Financial Express. 25 May 2019. Retrieved 4 March 2022.
  25. ↑ Fazli, Sarim (2021). "Behavioral Finance & Insider Trading in Securities Market". Jus Corpus Law Journal. 2: 327 – via HeinOnline-Wikipedia Library.
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