Prashant Adurty (Mannjal)
Overview
Prashant Adurty, also known as Mannjal, is a prominent figure in the fintech industry, especially known for co-founding the innovative lending platform, Mannjal. Established in 2023, Mannjal is a full-stack lending platform that aims to revolutionize the distribution of priority-sector and impact-linked credit products. Prashant Adurty, alongside his co-founders Aman Bhargava and Harshit Lingamneni, has positioned Mannjal at the forefront of digital lending innovation, helping financial institutions streamline their lending processes and support underserved sectors. The platform is particularly acclaimed for its ability to shorten turnaround times and improve sanction ratios, thereby enhancing the efficiency and effectiveness of credit distribution.
Recent Developments
- December 2025: Mannjal secured Rs. 17.5 crore (approximately $2.1 million) in a seed funding round led by Arali Ventures and B Capital, with additional investments from Sparrow Capital and Gemba Capital. The funds are intended to expand their lender network and accelerate product development, focusing on enhancing infrastructure for priority-sector credit distribution.
- 2024: The platform enabled disbursements amounting to about Rs. 1,000 crore across various loan products, including unsecured business loans and affordable housing finance, working with over 75 lenders.
- 2023: Founded in Bengaluru, Mannjal quickly gained traction for its ability to support digital and physical data journeys, enriching borrower profiles and supporting sophisticated analytics for credit decision-making.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Prashant Adurty |
| Born | Not publicly available |
| Nationality | Indian |
| Occupation | Co-founder & CEO of Mannjal |
| Known For | Founding Mannjal |
| Net Worth | Not publicly disclosed |
| Education | B.Tech from University of Madras; MSc from Stanford University |
| Languages Spoken | English, Hindi, Marathi, Tamil |
Early Life and Education
Prashant Adurty hails from India and pursued his higher education at the University of Madras, where he completed a Bachelor's degree in Chemical Engineering between 1998 and 2002. Following this, he expanded his academic horizons by attending Stanford University, where he earned a Master of Science degree in Management Science & Engineering from 2002 to 2003. Prashant's education provided him with a robust foundation in both engineering and management, which would later inform his ventures into the fintech industry.
Career and Notable Achievements
Prashant Adurty's early career involved roles that harnessed his skills in engineering and management. He gained valuable experience working at various startups and companies including Reliance Retail and HipBar, the latter of which was eventually acquired by Cred. These roles allowed him to develop a comprehensive understanding of business strategy and growth, which he applied when co-founding Mannjal in 2023.
- 2023: Co-founded Mannjal, providing a unified lending platform.
- Pre-2023: Played significant roles in startups, contributing to growth and strategic development.
- Investment: Active as an angel investor, supporting companies like Awaaz.De, thereby showing his commitment to nurturing technological ventures.
Current Work and Impact
Currently, Prashant Adurty spearheads Mannjal as its CEO. The platform, recognized for its impact in the financial services sector, focuses on providing AI-ready and high-performance lending infrastructure. Mannjal's contributions are pivotal in bridging the credit gap in India, allowing for more inclusive financial opportunities, particularly in underserved sectors. Prashant continues to advocate for digital transformation in fintech, driving innovations that aim to create a robust credit ecosystem aligned with sustainable development goals.
Conclusion
Prashant Adurty's entrepreneurial journey reflects a commitment to leveraging technology to enhance financial inclusion and efficiency. Through Mannjal, he has made significant strides in providing scalable lending solutions that cater to the needs of financial institutions in India. His leadership and strategic vision are crucial in steering Mannjal to reshape how credit is distributed, thus contributing positively to the socio-economic development of the region. His work continues to inspire advancements in fintech, marking him as a transformative figure within the industry.