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2025-09-03T18:05:48Z

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{{Short description|Indian Financial technology company}}

{{Multiple issues|
{{notability|1=Companies|date=July 2022}}
{{Advert|date=October 2024}}
}}
{{Use dmy dates|date=September 2022}}
{{EngvarB|date=September 2022}}
{{Infobox company
| name = Dhani Services Limited
| type = Public company
| logo =
| owner = [[Sameer Gehlaut]]
| traded_as = {{BSE|532960}} <br />{{NSE|DHANI}}
| ISIN = {{ISIN|sl=n|pl=y|INE274G01010}}
| founded = 1995
| hq_location_city = New Delhi
| hq_location_country = India
| area_served = India
| key_people = [[Sameer Gehlaut]]<ref>[https://www.cnbctv18.com/business/companies/sameer-gehlaut-to-resign-from-indiabulls-housing-finance-board-by-march-31-11847032.htm Sameer Gehlaut to resign from Indiabulls Housing Finance board by March 31] [[CNBC TV18]] Retrieved on 12 January 2022</ref>
| industry = {{plainlist|
*[[Financial technology]]
*Healthcare
*[[E-commerce]]
*Information technology
*Retail}}
| subsid = Dhani Loans & Services Limited <br /> Dhani Stocks
Limited <br /> Dhani Healthcare Limited
| num_employees = 10000+ (2021)
| products = {{ubl|Medicine supply| Healthcare products|[[Telemedicine]]}}
| services = {{ubl|[[Online wallet]]|[[Online broker|Stock broking]]}}
| website = {{URL|https://www.dhani.com/}}
}}

'''Dhani''' is an Indian software company. Its app provides digital financial and [[Healthcare industry|healthcare services]].<ref>{{Cite book|last1=Gupta|first1=Ashish|url=http://dln.jaipuria.ac.in:8080/jspui/bitstream/123456789/10827/1/India%20FinTech%20Sector%20-%20A%20guide%20to%20the%20galaxy.pdf|title=India FinTech Sector:A Guide to the Galaxy|last2=Shah|first2=Viral|publisher=[[Credit Suisse]]|year=2021|location=[[Mumbai]]|pages=63|language=en}}</ref>

== 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.<ref>{{Cite web|date=6 October 2020|title=Indiabulls Ventures Limited is now Dhani Services Limited|url=https://equitybulls.com/category.php?id=274906|access-date=18 February 2022|website=EquityBulls}}</ref> In 2017, one of its subsidiaries, Indiabulls Consumer Finance Limited launched an app-based lending platform primarily focused on the personal loans' domain.<ref>{{Cite news|date=25 October 2017|title=Indiabulls Ventures' subsidiary launches mobile application 'Dhani App'|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/indiabulls-ventures-subsidiary-launches-mobile-application-dhani-app-117102500147_1.html|access-date=18 February 2022}}</ref> In October 2020, the subsidiary also adopted a new nawas renamedme as Dhani Loans & Services Limited.<ref>{{Cite web|title=IFIN|url=https://www.ifinltd.in/Equity/CompanyProfile/Name-Change/Dhani-Loans-and-Services-Ltd/70611|access-date=18 February 2022|website=ifinltd.in}}</ref><ref>{{Cite web|last1=Shethia|first1=Himanshu|last2=Agarwal|first2=Sanjay|date=7 April 2021|title=CARE Ratings: Loans and Services Limited|url=https://idbitrustee.com/wp-content/uploads/2019/09/Revision-in-Credit-Rating-Dhani-Loans-and-Services-Limited-CARE-Apr-2021.pdf|access-date=18 February 2021|website=[[IDBI Bank|IDBI Trusteeship]]}}</ref> Another subsidiary, Indiabulls Securities Limited was rebranded as Dhani Stocks Limited in 2020<ref>{{Cite web|last1=Harsha|first1=Sree|last2=Patwardhan|first2=Anil|date=18 December 2020|title=Rating Rationale: Dhani Stocks Limited (erstwhile Indiabulls Securities Ltd)|url=https://www.brickworkratings.com/Admin/PressRelease/Dhani-Stocks-18Dec2020.pdf|access-date=18 February 2022|website=Brickwork Ratings}}</ref> and a new company Dhani Healthcare Limited was incorporated to offer telemedicine and online pharmacy services.<ref>{{Cite web|title=Indiabulls' healthcare arm to offer Rs 90-crore of non-critical drugs in Covid aid |url=https://health.economictimes.indiatimes.com/news/pharma/indiabulls-healthcare-arm-to-offer-rs-90-crore-of-non-critical-drugs-in-covid-aid/82624819|access-date=18 February 2022|website=ETHealthworld.com|language=en}}</ref>

=== Funding ===
In October 2020, Dhani raised ₹1.47 billion by issuing 8.4 million shares to New York-based [[NWH Management|NWI Management]].<ref>{{Cite news|date=6 October 2020|title=Dhani Services raises Rs 147 cr by issuing shares to foreign investor|work=Business Standard India|url=https://www.business-standard.com/article/companies/dhani-services-raises-rs-147-cr-by-issuing-shares-to-foreign-investor-120100601344_1.html|access-date=18 February 2022}}</ref> In October 2020, the company raised ₹12 billion from General Catalyst Partners, Think Investments, [[Ribbit Capital]], First Royalty Ventures, and the founder Sameer Gehlaut.<ref>{{Cite news|title=Dhani Services to raise Rs 1,200 crore from General Catalysts, others|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/funding/dhani-services-to-raise-rs-1200-crore-from-general-catalysts-others/articleshow/87168212.cms|access-date=18 February 2022}}</ref>

== Services ==

Dhani's super app combines an online wallet with [[buy now, pay later]] facility plus a subscription fee<ref name="DhaniOneFreedom">[https://loaneligibilitystatus.com/articles/7-days-loan-app-list-in-india 7 Days Loan App List in India]</ref> & primary healthcare services under ''OneFreedom''. In Dhani OneFreedom's subscription [[business model]], depending on how much credit limit Users are charged a monthly subscription fee based on their granted credit limit, regardless of usage the customer is granted irrespective of the actual limit utilization, the interest charged on it which is termed a monthly subscription exponentially rises.<ref name="DhaniOneFreedom"/> 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]].<ref>{{Cite web|title=Dhani Stocks launches new platform|url=https://www.thehindubusinessline.com/markets/dhani-stocks-launches-new-platform/article64963692.ece|access-date=18 February 2022|website=Business Line|date=2 February 2022 |language=en}}</ref><ref>{{Cite journal|last=R Kavitha|first=R. Rajeswari|date=20 August 2021|title=QM wallet Chain: Blockchain Traceability using Working Vacation Queueing Model in Mobile Wallet|url=https://www.tojqi.net/index.php/journal/article/view/4742|journal=Turkish Online Journal of Qualitative Inquiry|language=en|volume=12|issue=8|pages=2876–2889|issn=1309-6591}}</ref>

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.<ref>{{Cite web|title=The pandemic has accelerated the adoption of digital healthcare services: Nikhil Chari, Dhani Healthcare|url=https://www.financialexpress.com/lifestyle/health/the-pandemic-has-accelerated-the-adoption-of-digital-healthcare-services-nikhil-chari-dhani-healthcare/2317380/|access-date=18 February 2022|website=The Financial Express|date=25 August 2021 |language=en}}</ref>

In 2021, Dhani's super-app was rated as one of the best personal loan applications in India by [[The New Indian Express]].<ref>{{Cite web |title=12 Fastest Instant Loan App |url=https://loaneligibilitystatus.com/articles/fastest-instant-loan-app |access-date=3 September 2025 |website=Loan Eligibility Status |language=en}}</ref>

== Controversies ==
*In November 2023 [[Times of India]] news report, a man from Kalamboli was allegedly defrauded of Rs 90,000 by a cybercriminal while attempting to secure a loan through the Dhani Finance App.<ref name="Mendonca 2023 h120">{{cite web | last=Mendonca | first=George | title=Man loses Rs 90k in loan scam | website=The Times of India | date=2023-11-13 | url=https://timesofindia.indiatimes.com/city/navi-mumbai/man-loses-rs-90k-in-loan-scam/articleshow/105176417.cms | access-date=2024-04-19}}</ref>
*In mid-February 2022, many non-users reported that they have faced issues over the misuse of their [[permanent account number]] details by unknown third parties on the Dhani app to avail loans without their consent and knowledge.<ref>{{Cite web |last=Singh |first=Ritu |date=15 February 2022 |title=PAN misuse? Indiabulls' Dhani app disbursed loans 'without consent', claim users |url=https://www.cnbctv18.com/business/companies/pan-misuse-indiabulls-dhani-app-disbursed-loans-to-strangers-without-consent-claim-users-12502532.htm |access-date=3 March 2022 |website=cnbctv18.com |language=en}}</ref><ref>{{Cite web |last=Bureau |first=BL Mumbai |title=Complaints of fraudsters using PAN of other people to obtain loans from Dhani app hit social media |url=https://www.thehindubusinessline.com/money-and-banking/complaints-of-fraudsters-using-pan-of-other-people-to-obtain-loans-from-dhani-app-hit-social-media/article65055815.ece |access-date=3 March 2022 |website=Business Line |date=16 February 2022 |language=en}}</ref> Complainants said their credit scores were harmed because credit reports displayed loans they never took as defaults.<ref>{{Cite web |last=Unnikrishnan |first=Dinesh |title=Explainer{{!}} How Dhani fake loan episode exposes big holes in digital lending |url=https://www.moneycontrol.com/news/business/explainer-how-dhani-fake-loan-episode-exposes-big-holes-in-digital-lending-8123271.html |access-date=2022-05-10 |website=Moneycontrol |date=17 February 2022 |language=en}}</ref>
*In April 2021, many non-users of the Dhani app received a text message to pay for a loan that was never taken by them. The company later apologised to its users for this tech glitch.<ref>{{Cite web|title=Way to go 'Dhani': A utility application asking non-users of the app to repay loan which they never took|url=https://www.freepressjournal.in/business/way-to-go-dhani-a-utility-application-asking-non-users-of-the-app-to-repay-loan-which-they-never-took|access-date=18 February 2022|website=Free Press Journal|language=en}}</ref><ref>{{Cite web|last=Khan|first=Sami|date=7 April 2021|title=Indiabulls Dhani spamming people with payment reminders. Problem: Non-users getting them too|url=https://www.ibtimes.co.in/indiabulls-dhani-spamming-people-payment-reminders-problem-non-users-getting-them-too-834974|access-date=18 February 2022|website=ibtimes.co.in|language=en}}</ref>
*In December 2020 [[Times of India]] news report, it was revealed that women doctors on various Indian online doctor consultation portals face "sexual harassment" from patients. At that time, the company "expressed inability" to issue any "formal statement".<ref>{{Cite web|date=29 December 2020|first=Rema|last=Nagarajan|title=Women docs sexually harassed during e-consultations, websites try to hide it {{!}} India News|url=https://timesofindia.indiatimes.com/india/women-docs-sexually-harassed-during-e-consultations-websites-try-to-hide-it/articleshow/80001279.cms|access-date=18 February 2022|website=The Times of India|language=en}}</ref>
*In 2019, [[Securities and Exchange Board of India]] impounded ₹8720,000 from the former non-executive director of the company and her husband in an [[insider trading]] case.<ref>{{Cite journal |last1=Gautam |first1=Shweta |last2=Sharma |first2=Arya |date=2020–2021 |title=Insider Trading: A Reality of Indian Security Market |url=https://heinonline.org/HOL/Page?handle=hein.journals/juscrp1&id=1476&div=&collection= |journal=Jus Corpus Law Journal |volume=1 |pages=466 |via=[[HeinOnline]]-Wikipedia Library}}</ref><ref>{{Cite web |title=Indiabulls insider trading: Sebi impounds Rs 87.2 lakh from ex-director, spouse |url=https://www.financialexpress.com/industry/indiabulls-insider-trading-sebi-impounds-rs-87-2-lakh-from-ex-director-spouse/1588644/ |access-date=4 March 2022 |website=The Financial Express |date=25 May 2019 |language=en}}</ref> Together, they possessed unpublished price-sensitive information that they used to trade the stocks in 2017–2019.<ref>{{Cite journal |last=Fazli |first=Sarim |year=2021 |title=Behavioral Finance & Insider Trading in Securities Market |url=https://heinonline.org/HOL/Page?handle=hein.journals/juscrp2&id=313&div=&collection= |journal=Jus Corpus Law Journal |volume=2 |pages=327 |via=[[HeinOnline]]-Wikipedia Library}}</ref>

== References ==
{{reflist}}

{{Financial services in India}}
{{Online brokerages}}
{{FinTech in India}}

[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Financial services companies of India]]
[[Category:Online retailers of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Brokerage firms]]

Dhani (company) - Revision history

User3465346: details - done