Members


Currently MFIN member organizations consist of 55 of the leading NBFC-MFIs whose combined business constitutes over 90% of the Indian microfinance sector (excluding SHGs). Operating across the country’s length and breadth of, the outreach of MFIN member institutions is present in 610 of the 664 districts in India, covering 35 States and UTs.

The table below gives a snapshot of presence of MFIN members in the country as on Feb, 2019.

  Total in India Of which MFIN members are present in
No of States & UTS 36 35
No of Districts 664 610

A brief introduction of MFIN member institutions based on the location of Company Headquarters is summarized below.

Adhikar Micro Finance Pvt. Ltd. is a Bhubaneswar based NBFC-MFI with a gross loan portfolio of Rs. 221 cr. as on 31 st December, 2018. The organization’s operation spreads over the states of Odisha, Assam, Chhattisgarh & Gujarat with 82 branches reaching out 1.35 (lk) clients.

 

Adhikar’s NBFC-MFI Registration No. is 04.00021.

For more details, please refer to Adhikar’s website: http://www.adhikarindia.in


Adi Chitragupta Finance Limited (ACFL) is a Patna based NBFC-MFI with a gross loan portfolio of Rs. 25 cr. as on 31 st December, 2018. It has 21 branches reaching out 0.17 (lk) clients. ACFL is the first NBFC-MFI from Bihar to get a COR from RBI, Patna. It has received its Certificate of Registration (COR) to work as NBFC-MFI from Reserve Bank of India on 24th April 2017. It is geographically spread across Bihar & Jharkhand.

 

Adi Chitragupta’s NBFC-MFI Registration No. is B-15-00060.

For more details, please refer to ACFL website: http://www.acfl.co.in

Bhubaneswar based NBFC-MFI with gross loan portfolio of Rs. 2,354 cr. as on 31 st December, 2018. The organization’s operation spreads over 14 states with 542 branches reaching out 13.84 (lk) clients.

 

Annapurna’s NBFC-MFI Registration No. is B.4.00027.

For more details, please refer to Annapurna’s website: http://ampl.net.in

 

Arohan Financial Services (P)Ltd. is a Kolkata based NBFC-MFI with a gross loan portfolio of Rs. 3,274 cr. as on 31 st December, 2018. Arohan caters to over 16.05 (lk) clients across 13 low income states with 589 branches.

 

Arohan’s NBFC-MFI Registration No. is B.05.02932

For more details, please refer to Arohan’s website: http://www.arohan.in

ASA International India Microfinance Limited is a Kolkata based NBFC-MFI with gross loan portfolio of Rs. 954 cr. as on 31 st December, 2018. The organization’s operation are spreads over 6 states (West Bengal ,Assam, Bihar, Tripura, Meghalaya and Uttar Pradesh ) with 300 branches reaching out 5.64 lakhs clients.

 

ASA International India Microfinance Limited’s NBFC-MFI Registration No. is B-06.00236.

For more details, please refer to ASA International India Microfinance Limited website: http://www.asaindia.in/

Jagaran Microfin Pvt. Ltd. is a Kolkata based NBFC-MFI with gross loan portfolio of Rs. 323 cr. as on 31st December, 2018. The organization’s operation spreads over 5 states with 111 branches reaching out 2.48 (lk) clients.

Jagaran’s NBFC-MFI Registration No. is B.05.00998

For more details, please refer to Jagaran’s website: http://www.jagaranmf.com/

Janakalyan Consultancy and Services Pvt. Ltd. is a Kolkata based NBFC-MFI with a gross loan portfolio of Rs. 116 cr. as on 31 st December, 2018. The organization’s operation spreads across 4 states with 45 branches reaching out 0.79 (lk) clients.

 

Janakalyan’s NBFC MFI registration number is N-05.07035

For more details, please refer to Jagaran’s website: http://www.janakalyan.net

Nightingale Finvest Private Ltd. is a Guwahati based NBFC -MFI with a gross loan portfolio of Rs. 82 cr. as on 31 st December, 2018. Prior to year 2011, the microfinance activities were carried out in the name of Nightingale Charitable Society which was under Societies Registration Act in the year 1998 and carried out microfinance activities from the year 2004 in the state of Assam. The organization’s operation spread over Assam with 37 branches reaching out 0.50 (lk) clients.

 

Nightingale’s NBFC-MFI Registration No. is B-08.00184.

For more details, please refer to Nightingale’s website: http://www.nightingalefinvest.in/index.html

SAVE Microfinance Pvt Ltd is a Gaya(Bihar) based NBFC-MFI with its corporate office in Delhi NCR. It is a new generation NBFC-MFI using innovative cashless lending and collection platform. It has a gross loan portfolio of Rs. 6 cr. as on 31 st December,2018 with 10 branches and 0.02 clients.

 

SAVE NBFC-MFI Registration No. is N-14.03377.

For more details, please refer to SAVE’s website: www.saveind.in

 

Saija Finance Private Limited is a Patna based NBFC-MFI with gross loan portfolio of Rs. 472 cr. as on 31st December, 2018. The organization’s operation spreads over 5 states with 101 branches reaching out 3.21 (lk) clients.

 

Saija’s NBFC-MFI Registration No. is B.14.01576.

For more details, please refer to Saija’s website: http://saija.in

Sambandh Finserv Private Limited (SFPL) was formed in the year 2006 as a distinct project under; Regional Rural Development Centre (RRDC) one of the most reputed NGOs in Odisha. It has a gross loan portfolio of Rs. 258 cr. as on31 st December, 2018. The organization’s operation spread across 3 states with 62 branches and reaching out 1.59 (lk) clients.

 

Sambandh’s NBFC-MFI Registration No. is 04.00023.

For more details, please refer to Sambandh’s website: www.sambandhfin.com

Unnaco Financial Services Pvt. Ltd. is a Guwahati based NBFC-MFI with a gross loan portfolio of Rs. 100 cr. as on 31 ST December, 2018. The organization’s operations are spread over 5 states in the North-Eastern Part of India with 40 branches reaching out 0.63 (lk) clients. The organisation is successfully working under the project “Economic Empowerment Programme for the poor Women (EEPPW)”, which aims to improve the pace and quality of life of the rural and semi-urban women through micro credit.

 

Unnaco’s NBFC-MFI Registration No. is B.08.00199.

For more details, please refer to IDFs website: http://www.unacco.in/

Village Financial Services Ltd. is a Kolkata based NBFC-MFI with a gross loan portfolio of Rs. 857 cr. as on 31 st December, 2018. The organization’s operation spreads over 10 states with 223 branches reaching out 4.09 (lk) clients.

 

Village’s NBFC-MFI Registration No. is 5.05378.

For more details, please refer to Village’s website: http://www.village.net.in

Agora Microfinance India Ltd. based out of Mumbai is a NBFC-MFI with a gross loan portfolio of Rs. 37 cr. with 12 branches reaching out to 0.22 (lk) clients as on 31 st December, 2018. It strives to provide affordable, convenient and timely financial services to low income urban clientele in a financially sustainable manner.

 

Agora’s NBFC-MFI registration No is B.12.00337.

For more details, please refer to Agora’s website: http://www.amil.co.in

Avanti Finance Limited is a Mumbai Based NBFC-MFI.
For more details, please refer to Avanti’s website : https://avantifinance.in/

Centrum Microcredit Private Limited is a Mumbai based NBFC-MFI with gross loan portfolio of Rs. 186 cr. as on 31 st December, 2018. The organization’s operation spreads over three
states with 49 branches reaching out 0.95 (lk) clients.

 

Centrum Microcredit Private Limited NBFC-MFI Registration No. is N-13.02206.

For more details, please refer to Centrum's website: https://www.centrum.co.in/

Centrum Microcredit Private Limited is a Mumbai based NBFC-MFI with gross loan portfolio of Rs. 186 cr. as on 31 st December, 2018. The organization’s operation spreads over three
states with 49 branches reaching out 0.95 (lk) clients.

 

Centrum Microcredit Private Limited NBFC-MFI Registration No. is N-13.02206.

For more details, please refer to Centrum's website: https://www.centrum.co.in/

Hindusthan Microfinance Private Limited (HMPL) is a Mumbai based NBFC-MFI which was established in 2008. It has a gross loan portfolio of Rs. 31 Cr as of 31 st December, 2018. The organization’s operation spreads over 3 states with 25 branches reaching out 0.18 (lk).

 

Hindustan Microfinance's NBFC-MFI Registration No. is B-13.01761.

For more details, please refer to Hindusthan’s website: http://www.hindusthanmfi.com/

Fino Finance Pvt. Ltd. is an NBFC-MFI started operations in 2002, and is engaged in providing affordable micro-credit to the underserved and un-served women population through joint liability group (JLG) based micro-loans. The gross loan portfolio of Fino is Rs. 645 cr. as on 31 st December, 2018. The organization’s operation spreads over 4 states 238 branches reaching to 3.93 (lk) clients.

 

Fino’s NBFC-MFI Registration No. is B-13.01609.

For more details, please refer to Fino’s website: http://www.intrepid.in

Light Microfinance Pvt. Ltd. is a young, professionally run, innovative and rapidly growing technology driven microfinance company based in Ahmedabad, Gujarat that empowers low-income women by providing loans for livelihood and income- generation activities. The gross loan portfolio of Light Microfinance is Rs. 215 cr. as on 31 st December, 2018. The organization’s operation spreads over 3 states with 74 branches reaching out 0.92 (lk) clients.

 

Light Microfinance's NBFC Registration No. B-14.03244.

For more details, please refer to Light’s website: http://www.lightmicrofinance.com/

M Power Micro Finance Pvt. Ltd. is a Mumbai based NBFC- MFI with a gross loan portfolio of Rs. 208 cr. as on 31 st December, 2018. The organization’s operation spreads over 3 States with 53 branches reaching out 1.12 (lk) clients.

 

M Power’s NBFC Registration No. is N-13-01963.

For more details, please refer to M Power’s website: http://www.mpowermicro.com/

Namra Finance Ltd. is an Ahmedabad based NBFC-MFI with a gross loan portfolio of Rs. 406 cr. as on 31 st December, 2018. The organization’s operation spreads over 6 states with 138 branches reaching out 2.50 (lk) clients.

 

Namra’s NBFC-MFI Registration No. is 1.0006.

For more details, please refer to Arman’s website: https://namrafinance.com/

Svamaan Financial Services is a new generation Mumbai based NBFC-MFI established in 2019 by Anushree Jindal. Svamaan believes that each customer has unique and evolving financial needs which needs to be understood and catered-to in a sustainable manner to drive long-lasting impact. The approach of the operations rests on the 3 pillars of Factful Methodology, Digital DNA and Driving Impact

 

For more details, please refer to Svamaan's website: http://www.svamaan.in/

Svasti Microfinance Private Limited is a Mumbai based NFC-MFI with a gross loan portfolio of Rs. 259 cr. as on 31 st December, 2018. The organization’s operations spreads over 4 states with 36 branches reaching out to 1.41 (lk) clients.

 

Svasti’s NBFC MFI registration number is B-07-00625.

For more details, please refer to Svasti’s website: http://www.svasti.in/

Svatantra Microfin Pvt. Ltd. is a Mumbai based NBFC-MFI with a gross loan portfolio of Rs. 1,002 cr. as on 31 st December, 2018. The organization’s operations are spread over 9 states with 265 branches reaching out 4.63 (lk) clients.

 

Svatantra’s NBFC-MFI Registration No. is N-13.02038.

For more details, please refer to Svatantra’s website: http://www.svatantramicrofin.com/

Unnati Microfin Private Limited is a Mumbai based NBFC-MFI with a gross loan portfolio of Rs. 66 cr. as on 31 st December, 2018. Unnati started its operation from 2012 with a vision to cater the economically backward and financially stressed women entrepreneurs, by providing loans for their livelihood and income generation activities.
Currently it operates across two states with 14 branches and reaching out 0.35 (lk) clients.

 

Unnati’s NBFC-MFI Registration No. is B- 13.01344-2000.

For more details, please refer to Unnati’s website: http://www.unnatimfi.com/

Arth Microfinance Pvt. Ltd. is a Jaipur Based NBFC-MFI currently operating across the states of Rajasthan, Madhya Pradesh, Punjab and Haryana with a gross loan portfolio of Rs. 201 cr. reaching out 1.20 clients as on 31 st December,2018.
For more details, please refer to Arth website: http://www.arthfinance.com/

Aviral Finance Private Limited is a Raipur (Chhattisgarh) based NBFC-MFI with gross loan portfolio of Rs. 26 cr. as on 31 st December, 2018. The organization’s is currently operating across 2 states with 24 branches reaching out 0.15 (lk) clients.

 

Aviral’s NBFC-MFI Registration No. is B-03.00175.

For more details, please refer to Aviral’s website: http://www.aviralfinance.com/

Fusion Microfinance Private Limited is a Delhi based NBFC-MFI with gross loan portfolio of Rs. 2,359 cr. as on 31 st December, 2018. The organization’s operation spreads over 18 states with 490 branches reaching out 14.19 (lk) clients.

Fusion’s NBFC-MFI Registration No. is B.14.02857.

For more details, please refer to Fusion’s website: http://fusionmicrofinance.com/

Margdarshak Financial Services Ltd. is a Lucknow based NBFC-MFI with gross loan portfolio of Rs. 234 cr. as on 31 st December, 2018. The organization’s operation spreads over 5 states through a network of 139 branches reaching out 1.77 (lk) clients.

 

Margdarshak’s NBFC-MFI Registration No. is B.12.00364.

For more details, please refer to Margdarshak’s website: http://www.margdarshak.org.in/

Midland Microfin Ltd. is a Jalandhar based NBFC-MFI with gross loan portfolio of Rs. 461 cr. as on 31 st December, 2018. The organization’s operation spreads over 6 states with 133 branches reaching out 2.68 (lk) clients.

 

Midland Microfin's NBFC-MFI Registration No. is B-06.00458.

For more details, please refer to Midland Microfin's website: http://www.midlandmicrofin.com/

MITRATA is a Gurgaon based NBFC-MFI with gross loan portfolio of Rs. 35 crore as on 31 st December, 2018. The organization’s operation spreads over 5 states Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan and Haryana with 22 branches reaching out 0.2 clients.

 

MITRATA’s NBFC-MFI Registration No. is B-14.02500

For more details, please refer to Mitrata Inclusive Financial Services Private Limited website:
http://www.mitrata.in/

NEED Livelihood Microfinance Pvt. Ltd. is a Lucknow based NBFC-MFI with gross loan portfolio of Rs. 48 cr. as on 31 st December, 2018. The organization’s operation spreads over 3 states with 50 branches reaching out 0.35 (lk) clients.

 

NEED MFI’s NBFC-MFI Registration No. is N-14.03356.

For more details, please refer to NEED MFI’s website: http://needmfi.com/

Satin Creditcare Network Limited (SCNL) is a Delhi based NBFC-MFI with a gross loan portfolio of Rs. 5,590 as on 31 st December, 2018. The organization’s operation spreads over 23 states with 937 branches reaching out 28.77 (lk) clients.

 

Satin’s NBFC-MFI Registration No. is B-14.01394.

For more details, please refer to Satin’s website: http://www.satincreditcare.com/

Satya MicroCapital Ltd. is a Delhi based NBFC-MFI with a gross loan portfolio of Rs. 433 cr. as on 31 st December, 2018. The organization’s operation spreads over 14 states with 81 branches reaching out 1.85(lk) clients. Satya follows methodology of 100% cashless disbursement & is aiming towards 100% Cashless collections.

 

Satya Microcapital Ltd. NBFC-MFI Registration No. is. 14.01513 dated 02-02-2018.

For more details, please refer to Satya Microcapital website: http://www.satyamicrocapital.com

Shikhar Microfinance Pvt. Ltd. is a Delhi based NBFC-MFI with gross loan portfolio of Rs .57 cr. as on 31 st December, 2018.The organization’s operation spreads over 7 states with 39 branches reaching out 0.43 (lk) clients.

 

Shikhar’s NBFC-MFI Registration No. is B-14.02362.

For more details, please refer to Share’s website: http://shikharfin.com/

Sindhuja Microcredit Pvt. Ltd. is a Delhi-NCR based NBFC-MFI with gross loan portfolio of Rs. 40 cr. as on February, 2019. The organization’s operation spreads over 3 states -Bihar, Jharkhand & Uttar Pradesh with 23 branches reaching out 19400 clients

 

Sindhuja’s NBFC-MFI Registration No. is N-12.00469.

For more details, please refer to http://www.sindhujamicrocredit.com

Sonata Finance (P) Ltd. is a NBFC-MFI headquartered in Lucknow with a gross loan portfolio of Rs. 1,317 cr. as on 31 st December 2018. The organization’s operation spreads over 10 states with 434 branches reaching out 7.11 (lk) clients.

 

Sonata’s NBFC-MFI Registration No. is B-12.00445.

For more details, please refer to Sonata’s website: http://www.sonataindia.com/

SV Creditline Limited is a Gurgaon based NBFC-MFI with gross loan portfolio of Rs. 674 cr. as on 31 st December, 2018. The organization’s operation spreads over 9 states with 226 branches reaching out 4.81 (lk) clients.

 

SVCLs NBFC-MFI Registration No. is B.14.01603.

For more details, please refer to SVCL’s website: http://www.svcl.in/

Asirvad Microfinance, a subsidiary of Manappuram Finance is a Chennai based NBFC-MFI reached a milestone of 3,000 Cr as on Dec 2018. With 930 branches spread across 22 States, Asirvad caters to 1.6 million women members.

 

For more details, please refer to Asirvad’s website https://www.asirvadmicrofinance.co.in/

BWDA started its work with the objective of working for the socio-economic development of bullock-cart workers, rural artisans, labourers, low-income households, marginalised and downtrodden in India. It was in 2003, BWDA acquired an NBFC, renamed as BWDA Finance limited (BFL) to streamline its financial inclusion operations. It is geographically spread across the states of Tamil Nadu, Pondicherry and Andaman & Nicobar Islands.

 

For more details, please refer to BDWA’s website: http://www.bwda.org.in/

Belstar Investment and Finance Pvt. Ltd. is a Chennai based NBFC-MFI with gross loan portfolio of Rs. 1,563 cr. as on 31 st December, 2018. The organization’s operation spreads over 10 states with 305 branches reaching out 6.31 (lk) clients.

 

Belstar’s NBFC-MFI Registration No. is B-07-00792.

For more details, please refer to Belstar’s website: http://www.belstar.in

Belstar Investment and Finance Pvt. Ltd. is a Chennai based NBFC-MFI with gross loan portfolio of Rs. 1,563 cr. as on 31 st December, 2018. The organization’s operation spreads over 10 states with 305 branches reaching out 6.31 (lk) clients.

 

Belstar’s NBFC-MFI Registration No. is B-07-00792.

For more details, please refer to Belstar’s website: http://www.belstar.in

Bharat Financial Inclusion Ltd. (BFIL) is a Hyderabad based NBFC-MFI with gross loan portfolio of Rs. 16,651 cr. as on 31 st December, 2018. The organization’s operation spreads over 20 states with 1,660 branches reaching out 70.73 (lk) clients.

 

BFIL ‘S NBFC-MFI Registration No. is N-09.00415.

For more details, please refer to BFIL's website: http://www.bfil.co.in/

Chaitanya India Fin Credit Pvt. Ltd. is a Bangalore based NBFC-MFI with gross loan portfolio of Rs. 507 cr. as on 31 st December, 2018. The organization’s operation spreads across 4 states with 171 branches reaching out 2.94 (lk) clients.

 

Chaitanya’s NBFC-MFI Registration No. is N-02.00243.

For more details, please refer to Chaitanya’s website: http://www.chaitanyaindia.in/

CreditAccess Grameen Limited is a Bangalore based NBFC-MFI with gross loan portfolio of Rs. 6,085 cr. as on 31 st December, 2018. The organization’s operation spreads over 9 states with 659 branches reaching out 21.61 (lk) clients.

 

Grameen’s NBFC-MFI Registration No. is B.02.00252.

For more details, please refer to Grameen Koota’s website: http://www.grameenkoota.org/

Growing Opportunity Finance (India) Pvt. Ltd. is a Chennai based NBFC-MFI with a gross loan portfolio of Rs. 188 cr. as on 31 st December, 2018. The organization’s operation spreads over 3 with 25 branches reaching out 0.80 (lk) clients.

 

GOF’s NBFC-MFI Registration No. is N-07.00757.

For more details, please refer to IDFs website: http://www.gopportunity.net/

Inditrade Microfinance Ltd. a Chennai based NBFC-MFI with gross loan portfolio of Rs. 137 cr. as on 31 st December, 2018. The organization’s operation spreads over 5 states with 78 branches reaching out 0.76 (lk) clients.

 

Inditrade Microfinance Ltd., NBFC-MFI Registration No. is N-07.00828

For more details, please refer to Inditrade's website: http://www.inditrade.com/

 

Madura Micro Finance Ltd. is a Chennai based NBFC-MFI providing individual and group loans through its network of 331 branches across 7 states. It has a gross loan portfolio Rs. 1,734 cr. as on 31 st December, 2018 with a client base of 8.81 (lk) clients.

Madura’s NBFC-MFI Registration No. is N.07.00754.

For more details, please refer to Madura’s website: http://maduramicrofinance.com/

MSM Microfinance Ltd. is one of the fast-growing non-banking financial companies (NBFC) incorporated in 1996 under Companies Act, 1956. MSM commenced its microfinance operations in January 2010 and caters to the financial needs of the people in India. As on 31 st December, 2018 the gross loan portfolio of MSM Microfinance is Rs.
34 cr. The organization’s operation spreads over 3 states with 12 branches reaching out 0.25 (lk) clients.

 

MSM Microfinance Ltd.’s Registration No. is 07.00020.

For more details, please refer to MSM MicroFinance Ltd.’s website: http://msmmicrofinance.com/

Muthoot Microfin Limited is a Cochin based NBFC with gross loan portfolio of Rs. 2,920 cr. as on 31 st December, 2018. The organization’s operation spreads over 15 states with 467 branches reaching out 12.10 (lk) clients.

 

Muthoot Microfin Ltd.’s NBFC-MFI Registration No. is 13.00365.

For more details, please refer to Muthoot Microfin Ltd. website: http://www.muthootmicrofin.com

Samasta Micro Finance Limited is a Bangalore, based NBFC-MFI with gross loan portfolio of 1,753 cr. as on 31 st December, 2018. The organization’s operation spreads over 16 states with 493 branches reaching out 8.10 (lk) clients.

 

Samasta’s NBFC-MFI Registration No. is B-02-00250.

For more details, please refer to Samasta’s website: http://www.samasta.co.in/

Share Microfin Limited is a Hyderabad based NBFC-MFI with gross loan portfolio of Rs. 772
cr. as on 30 th December, 2018.The organization’s operation spreads over 19 states with 785 branches reaching out 6.07 (lk) clients.

 

Share’s NBFC Registration No. N-09.0026.

For more details, please refer to Share’s website: http://www.sharemicrofin.com/

Spandana Sphoorty Financial Limited is a Hyderabad based NBFC-MFI with a gross loan portfolio of of Rs. 3,166 cr. as on 30 th September, 2018. The organization’s operation spreads across 14 states with 694 branches reaching out 15.86 (lk) clients.

 

Spandana’s NBFC Registration No. is N-09.00414.

For more details, please refer to SKS’ website: http://www.spandanaindia.com/

Vaya FinServ Pvt. Ltd. is a Hyderabad based NBFC-MFI with asset under management of Rs. 1,031 cr. as on 31 st December, 2018.The organization’s operations are spread over 7 states with a client base of 5.78 (lk.

 

Vaya NBFC-MFI- MFI registration number is N-09.00449

For more details, please refer to Vaya’s website: http://www.vayaindia.com/