Top Microfinance Companies in India

  Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[2/5]Total Votes [ 27 ]  
  Rate this page:

Microfinance companies are the financial institutions that offer small-scale financial services in both the forms – credit and savings, especially to the poor in rural, semi-urban and urban areas. These financial services are meant to help them in undertaking economic activities, mitigating vulnerabilities to income shocks, smoothening consumption, increasing savings and supporting self-empowerment.

There are a number of microfinance companies in India, which play some pivotal roles to the development of India.

India's microfinance sector is fragmented with more than 3000 microfinance companies (MGIs), NGOs and NGO-MFIs. The top 10 microfinance companies in India are estimated to account for almost 74 per cent of the total loans outstanding. It can be added here that the total loan outstanding of Indian microfinance sector lies between ` 160-175 billion. As on March 31, 2009, almost 17 Indian microfinance companies have more ` 1 million outstanding loans.

List of Top Microfinance Companies in India


Following are the top 10 Microfinance companies in India:

SKS Microfinance Ltd (SKSMPL)

Name SKS Microfinance Ltd
Headquarter Secunderabad, Andhra Pradesh
Legal Status Pvt. Ltd. Company (NBFC)
Lending Model JLG
Number of Branches 1,413
Loan Outstanding (` Mn)

(As on September 30, 2008)
18,227
Borrowers
(As on September 30, 2008)
2,590,950
Net Worth (` Mn)

(As on September 30, 2008)
2,395
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
23.40
OSS (%)(Apr 1-Sep 30, 2008) 126.49
Current Portfolio (%)
(As on September 30, 2008)
99.14
Debt to Net Worth (Times)
(As on September 30, 2008)
7.37


Spandana Sphoorty Financial Ltd (SSFL)

Name Spandana Sphoorty Financial Ltd
Headquarter Hyderabad, Andhra Pradesh
Legal Status Public Ltd. Company (NBFC)
Lending Model JLG, Individual
Number of Branches 696
Loan Outstanding (` Mn)

(As on September 30, 2008)
11,987
Borrowers
(As on September 30, 2008)
1,668,807
Net Worth (` Mn)

(As on September 30, 2008)
1,225
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
27.43
OSS (%)(Apr 1-Sep 30, 2008) 132.02
Current Portfolio (%)
(As on September 30, 2008)
98.88
Debt to Net Worth (Times)
(As on September 30, 2008)
7.04


Share Microfin Limited (SML)

Name Share Microfin Limited
Headquarter Hyderabad, Andhra Pradesh
Legal Status Public Ltd. Company (NBFC)
Lending Model JLG, Individual
Number of Branches 666
Loan Outstanding (` Mn)

(As on September 30, 2008)
8,568
Borrowers
(As on September 30, 2008)
1,231,556
Net Worth (` Mn)

(As on September 30, 2008)
1,448
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
27.49
OSS (%)(Apr 1-Sep 30, 2008) 152.45
Current Portfolio (%)
(As on September 30, 2008)
99.32
Debt to Net Worth (Times)
(As on September 30, 2008)
5.03


Asmitha Microfin Ltd (AML)

Name Asmitha Microfin Ltd
Headquarter Hyderabad, Andhra Pradesh
Legal Status Public Ltd. Company (NBFC)
Lending Model JLG
Number of Branches 363
Loan Outstanding (` Mn)

(As on September 30, 2008)
4,944
Borrowers
(As on September 30, 2008)
694,350
Net Worth (` Mn)

(As on September 30, 2008)
475
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
17.43
OSS (%)(Apr 1-Sep 30, 2008) 121.04
Current Portfolio (%)
(As on September 30, 2008)
99.80
Debt to Net Worth (Times)
(As on September 30, 2008)
9.92


Shri Kshetra Dharmasthala Rural Development Project (SKDRDP)

Name Shri Kshetra Dharmasthala Rural Development Project
Headquarter Dharmasthala, Karnataka
Legal Status Trust
Lending Model SHG
Number of Branches 22
Loan Outstanding (` Mn)

(As on September 30, 2008)
4,060
Borrowers
(As on September 30, 2008)
612,482
Net Worth (` Mn)

(As on September 30, 2008)
157
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
12.02
OSS (%)(Apr 1-Sep 30, 2008) 100.46
Current Portfolio (%)
(As on September 30, 2008)
99.68
Debt to Net Worth (Times)
(As on September 30, 2008)
29.81


Bhartiya Samruddhi Finance Limited (BSFL)

Name Bhartiya Samruddhi Finance Limited
Headquarter Hyderabad, Andhra Pradesh
Legal Status Public Ltd. Company, (NBFC)
Lending Model Diversified
Number of Branches 87
Loan Outstanding (` Mn)

(As on September 30, 2008)
3,882
Borrowers
(As on September 30, 2008)
457,668
Net Worth (` Mn)

(As on September 30, 2008)
317
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
17.89
OSS (%)(Apr 1-Sep 30, 2008) 108.97
Current Portfolio (%)
(As on September 30, 2008)
99.00
Debt to Net Worth (Times)
(As on September 30, 2008)
11.59


Bandhan

Name Bandhan
Headquarter Kolkata, West Bengal
Legal Status Society
Lending Model JLG
Number of Branches 385
Loan Outstanding (` Mn)

(As on September 30, 2008)
3,389
Borrowers
(As on September 30, 2008)
851,713
Net Worth (` Mn)

(As on September 30, 2008)
435
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
26.32
OSS (%)(Apr 1-Sep 30, 2008) 175.40
Current Portfolio (%)
(As on September 30, 2008)
99.92
Debt to Net Worth (Times)
(As on September 30, 2008)
7.07


Cashpor Micro Credit (CMC)

Name Cashpor Micro Credit
Headquarter Varanasi, Uttar Pradesh
Legal Status Section 25 Company
Lending Model JLG
Number of Branches 247
Loan Outstanding (` Mn)

(As on September 30, 2008)
1,431
Borrowers
(As on September 30, 2008)
303,935
Net Worth (` Mn)

(As on September 30, 2008)
93
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
28.78
OSS (%)(Apr 1-Sep 30, 2008) 109.71
Current Portfolio (%)
(As on September 30, 2008)
98.00
Debt to Net Worth (Times)
(As on September 30, 2008)
14.72


Grama Vidiyal Micro Finance Pvt Ltd (GVMFL)

Name Grama Vidiyal Micro Finance Pvt Ltd
Headquarter Tiruchirappalli, Tamil Nadu
Legal Status Pvt. Ltd. Company (NBFC)
Lending Model JLG
Number of Branches 126
Loan Outstanding (` Mn)

(As on September 30, 2008)
1,316
Borrowers
(As on September 30, 2008)
288,311
Net Worth (` Mn)

(As on September 30, 2008)
231
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
32.46
OSS (%)(Apr 1-Sep 30, 2008) 141.53
Current Portfolio (%)
(As on September 30, 2008)
99.54
Debt to Net Worth (Times)
(As on September 30, 2008)
4.95


Grameen Financial Services Pvt Ltd (GFSPL)

Name Grameen Financial Services Pvt Ltd
Headquarter Bangalore, Karnataka
Legal Status Pvt. Ltd. Company (NBFC)
Lending Model JLG
Number of Branches 62
Loan Outstanding (` Mn)

(As on September 30, 2008)
1,287
Borrowers
(As on September 30, 2008)
153,453
Net Worth (` Mn)

(As on September 30, 2008)
127
Portfolio Yield (%)
(Apr 1-Sep 30, 2008)
18.77
OSS (%)(Apr 1-Sep 30, 2008) 106.41
Current Portfolio (%)
(As on September 30, 2008)
99.98
Debt to Net Worth (Times)
(As on September 30, 2008)
10.51


>> More About India Finance