# Pennant Technologies Private Limited: Information technology & services, Hyderabad, India > Pennant Technologies Private Limited: Pennant Technologies Private Limited is a financial technology company based in Hyderabad, India. Source: https://millionrounds.com/startup/pennant-technologies-private-limited (Millionrounds; every figure on the page links to its filing or article) India · [Information technology & services startup](https://millionrounds.com/companies) # Pennant Technologies Private Limited Pennant Technologies Private Limited is a financial technology company based in Hyderabad, India. Funding reported Last round: Corporate round Information technology & services Hyderabad, India Company summary - **Founded:** 2005 21 years old - **Team:** 700 201 to 1,000 people - **Funding reported:** 2.7B as listed, currency not stated - **Last round:** Corporate round Oct 2023 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Pennant Technologies Private Limited has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Pennant Technologies Private Limited Pennant Technologies Private Limited is a financial technology company based in Hyderabad, India. Founded in 2005, it specializes in transforming lending operations for banks and financial institutions through innovative, AI-driven platforms. The company offers a comprehensive suite of solutions, including its flagship product, pennApps Lending Factory, which supports the entire lending lifecycle from origination to collections. With a strong presence in Asia and the Middle East, Pennant serves a diverse clientele, including global banks and leading Non-Banking Financial Companies (NBFCs). The company has achieved significant growth, managing over $90 billion in assets and facilitating 100 million loan transactions annually. Recognized for its contributions to fintech, Pennant has been featured in multiple Gartner reports and was named the fastest-growing technology company in the Deloitte Technology Fast 50 India 2024. ## What company datasets say Pennant Technologies Private Limited raised Funding, as reported Reported in all **2.7B** in the source's currency Rounds **1** Last round **Corporate round** Last round size **36.7M** Last round date **Oct 2023** Investors listed **1** ## Founders and team From Pennant Technologies Private Limited's own website: 2 founders, 5 on the team. **Rama Krishna Raju** Founding Director & CEO **Pradeep Varma** Founding Director & MD - **P Sai Krishna** Vice President – Product Engineering - **Prashant Anil K** Vice President – Client Services - **Rajeev Sharma** Chief Business Officer - **Sireesh Patnaik** Chief Product & Technology Officer (CPTO) - **Ravi Varma Datla** CHRO & Head of Compliance ## The company, in detail What they build Known for interest calculation scalable fintech lending market place mortgage and nonmortgage loan brokers financial institutions real-time data loan management software regulatory reporting tools nbfc core lending suite enterprises multi-region compliance asset finance asset-backed lending information technology & services regulatory reporting financial services Built with from their website GitHub Actions Apache Hadoop HDFS Docker Contact Form 7 Google Tag Manager Salesforce Service Cloud dbt WordPress.org Linkedin Insight Tag Google Ads +8 more Font Awesome OpenSSL Apache CloudFlare Viewport Meta LinkedIn Ads MongoDB CookieYes - **Sector:** Information technology & services - **Industry code:** NAICS 52231, 51321, 541511, SIC 3571, 7372, 7371 - **Region:** Telangana - **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/pennant-technologies) ## Information technology & services in India Startups like it - [**Flipkart** Bengaluru · founded 2007 *Raised*](https://millionrounds.com/company/flipkart) - [**Neysa** Mumbai · founded 2023 *Raised*](https://millionrounds.com/company/neysa) - [**Paytm Mall** Bengaluru · founded 2017 *Raised*](https://millionrounds.com/company/paytm-mall) - [**Rapido** Bengaluru · founded 2015 *Raised*](https://millionrounds.com/company/rapido) - [**Sarvam** Bengaluru · founded 2023 *Raised*](https://millionrounds.com/company/sarvam) - [**Ninjacart** Bengaluru · founded 2015 *Raised*](https://millionrounds.com/company/ninjacart) - [**HealthKart** Gurugram · founded 2011 *Raised*](https://millionrounds.com/company/healthkart) - [**Snabbit** Bengaluru · founded 2024 *Raised*](https://millionrounds.com/company/snabbit) ## Is this your company? 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