Top Microfinance Companies in India
Below is a table summarizing some of the top microfinance companies in India. These institutions are recognized for their significant outreach and impact in providing financial services to the underserved populations across the country.
Company Name | Headquarters | Focus Area | Notable Features |
---|---|---|---|
Bandhan Bank | Kolkata, West Bengal | Microloans, Retail Banking | One of India’s largest MFIs turned universal bank; wide rural and urban reach |
SKS Microfinance (Bharat Financial Inclusion) | Hyderabad, Telangana | Microloans | Known for its extensive network and large client base; now a part of IndusInd Bank |
Annapurna Microfinance | Bhubaneswar, Odisha | Microloans, Micro-enterprise loans | Focuses on empowering women; operates in several states |
Ujjivan Small Finance Bank | Bangalore, Karnataka | Microloans, Savings, Insurance | Transitioned from an MFI to a small finance bank; offers a wide range of financial products |
Janalakshmi Financial Services (Jana Small Finance Bank) | Bangalore, Karnataka | Microloans, SME financing | Transformed into a small finance bank; serves urban and rural clients |
Spandana Sphoorty Financial Limited | Hyderabad, Telangana | Microloans, Gold loans, SME loans | Known for rapid growth and recovery post-Andhra Pradesh microfinance crisis |
Arohan Financial Services | Kolkata, West Bengal | Microloans, Insurance, Pension products | Operates in the eastern and northeastern states; focuses on financial inclusion |
Satin Creditcare Network | New Delhi, Delhi | Microloans, SME loans, Housing loans | One of the largest MFIs in North India; diverse product range |
Grameen Koota Financial Services | Bangalore, Karnataka | Microloans, Education loans, Housing loans | Focuses on social impact along with financial services; strong presence in South India |
ESAF Small Finance Bank | Thrissur, Kerala | Microloans, Savings, Insurance, Remittances | Started as an NGO; transitioned into a small finance bank with a focus on rural banking |