Our Members

Members

Currently MFIN member organizations consist of 48 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 595 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 31st March, 2018.

Total in India Of which MFIN members are present in
No of States & UTS 36 35
No of Districts 664 595

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

AdhikarAdhikar Micro Finance Pvt. Ltd. is a Bhubaneswar based NBFC-MFI with a gross loan portfolio of Rs. 131 cr. as on 31st March,2018. The organization’s operation spreads over the states of Odisha, Chhattisgarh & Gujarat with 68 branches reaching out 1.0 (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 Ltd.
Adi Chitragupta Finance Limited (ACFL) is a Patna based NBFC-MFI with a gross loan portfolio of Rs. 4 cr. as on 31st March,2018. It has 4 branches reaching out 0.02(lk) clients. ACFL is the first NBFC-MFI from Bihar to get a COR from RBI, Patna. ACFL will work in underserved geographies of India. ACFL proposes to extend its delivery to Jharkhand in second year of operation and expand its activities to other states.

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

For more details, please refer to Adi Chitragupta’s website: http://www.acfl.co.in

AFPLAnnapurna Finance Private Limited is a Bhubaneswar based NBFC-MFI with gross loan portfolio of Rs.1,643 cr. as on 31st March,2018. The organization’s operation spreads over 14 states with 329 branches reaching out 11.4 (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

ArohanArohan Financial Services (P) Ltd. is a Kolkata based NBFC-MFI with a gross loan portfolio of 1,536 cr. as on 31st March,2018. Arohan caters to over 9.5 (lk) clients across 10 low income states with 434 branches.

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

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


JagaranJagaran Microfin Pvt. Ltd. is a Kolkata based NBFC-MFI with gross loan portfolio Rs. 199 cr. as on 31st March,2018. The organization’s operation spreads over 5 states with 99 branches reaching out 1.9(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. 64 cr. as on 31st March,2018. The organization’s operation spreads across 3 states with 34 branches reaching out 0.5(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

NightingaleNightingale Finvest Private Ltd. is a Guwahati based NBFC -MFI with a gross loan portfolio of Rs. 55 cr. as on 31st March,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 spreads over 4 states with 32 branches reaching out 0.4(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

SaijaSaija Finance Private Limited is a Patna based NBFC-MFI with gross loan portfolio of Rs. 250 cr. as on 31st March,2018. The organization’s operation spreads over 4 states with 72 branches reaching out 2.1(lk) clients.

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

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

sambandhSambandh Finserve 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. The rationale for undertaking Sambandh as an exclusive project lies in the fact that the nature of financial services involves complexity in strategy, scale and execution. It has a gross loan portfolio of Rs.186 cr. as on 31st March,2018. The organization’s operation spread across 3 states with 46 branches and reaching out 1.2(lk) clients.

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

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

Unacco-Finance-Pvt-Ltd-(East)
Unnaco Financial Services Pvt. Ltd. is a Guwahati based NBFC-MFI with a gross loan portfolio of Rs. 58 cr. as on 31st March,2018. The organization’s operations are spread over 5 states in the North-Eastern Part of India with 25 branches reaching out 0.4(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/

mamber-logoVillage Financial Services Ltd. is a Kolkata based NBFC-MFI with a gross loan portfolio of Rs. 506 cr. as on 31st March,2018. The organization’s operation spreads over 10 states with 159 branches reaching out 2.8(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

w15Agora Microfinance India Ltd. based out of Mumbai based NBFC-MFI with a gross loan portfolio of Rs. 25 cr. with 11 branches reaching out to 0.2(lk) clients as on 31st March,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

Hindustan’s MicrofinanceHindusthan Microfinance Private Limited (HMPL) is a Mumbai based NBFC-MFI which was established in 2008. It has a gross loan portfolio of Rs. 38 cr. as of 31st March, 2018. The organization’s operation spreads over 3 states with 28 branches reaching out 0.3(lk) clients.

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

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

DishaFino 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.560 cr. as on 31st March, 2018. The organization’s operation spreads over 4 states with 224 branches reaching to 3.6(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 MicrofinanceLight 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. 100 cr. as on 31st March, 2018. The organization’s operation spreads over the states of Gujarat and Rajasthan with 43 branches reaching out 0.5(lk) clients.

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

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

mpowerM Power Micro Finance Pvt. Ltd. is a Mumbai based NBFC- MFI with a gross loan portfolio of Rs. 159 cr. as on 31st March,2018. The organization’s operation spreads over 3 States with 42 branches reaching out 0.9(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/

NamraNamra Finance Ltd. is an Ahmedabad based NBFC-MFI with a gross loan portfolio of Rs. 247 cr. as on 31st March,2018. The organization’s operation spreads over 4 states with 102 branches reaching out 1.6(lk) clients.

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

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

PahalPahal Financial Services Pvt. Ltd. is an Ahmedabad based NBFC-MFI with a gross loan portfolio of Rs 171 cr. as on 31st March,2018. The organization’s operation spreads over 4 states with 74 branches reaching out 1.1 (lk) clients.

Pahal’s NBFC-MFI Registration No. is B-13-01631.

For more details, please refer to Pahal’s website: http://pahalfinance.com/

SvastiSvasti Microfinance Private Limited is a Mumbai based NFC-MFI with a gross loan portfolio of Rs. 173 cr. as on 31st March, 2018. The organization’s operations spreads over 3 states with 30 branches reaching out to 1.0 (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/

svatantramicrofinSvatantra Microfin Pvt. Ltd. is a Mumbai based NBFC-MFI with a gross loan portfolio of Rs. 422 cr. as on 31st March,2018. The organization’s operations are spread over 7 states with 117 branches reaching out 2.3(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/

UnnatiUnnati Microfin Private Ltd. is a Mumbai based NBFC-MFI with a gross loan portfolio of Rs. 52 cr. as on 31st March,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 in Mumbai & Thane region of Maharashtra state with 10 branches and reaching out 0.3(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/

aviral-finance-LogoAviral Finance Private Limited is a Raipur (Chhattisgarh) based NBFC-MFI with gross loan portfolio of Rs. 9 cr. as on 31st March,2018. The organization’s is currently operating in Chhattisgarh State with 9 branches reaching out 0.05(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-LogoFusion Microfinance Private Limited is a Delhi based NBFC-MFI with gross loan portfolio of Rs. 1,278 cr. as on 31st March,2018. The organization’s operation spreads over 14 states with 357 branches reaching out 9.1(lk) clients.

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

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

MargdarshakMargdarshak Financial Services Ltd. is a Lucknow based NBFC-MFI with gross loan portfolio of Rs. 287 cr. as on 31st March,2018. The organization’s operation spreads over 5 states through a network of 119 branches reaching out 2.1(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/

midlandmicrofinMidland Microfin Ltd. is a Jalandhar based NBFC-MFI with gross loan portfolio of Rs. 262 cr. as on 31st March, 2018. The organization’s operation spreads over 5 states with 94 branches reaching out 1.7(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/

NEED Livelihood Microfinance Private Ltd.NEED Livelihood Microfinance Pvt. Ltd. is a Lucknow based NBFC-MFI with gross loan portfolio of Rs. 33cr. as on 31st March,2018. The organization’s operation spreads over 4 states with 34 branches reaching out 0.2(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/

satinSatin Creditcare Network Ltd. (SCNL) is a Delhi based NBFC-MFI with a gross loan portfolio of Rs. 4,304 cr. as on 31st March,2018. The organization’s operation spreads over 18 states with 728 branches reaching out 23.3(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/

satinSatya MicroCapital Ltd. is a Delhi based NBFC-MFI with a gross loan portfolio of Rs.126 cr. as on 31st March,2018. The organization’s operation spreads over 8 states with 39 branches reaching out 0.5 (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

ShikharShikhar Microfinance Pvt. Ltd. is a Delhi based NBFC-MFI with gross loan portfolio of Rs. 52 cr. as on 31st March,2018. The organization’s operation spreads over 7 states with 26 branches reaching out 0.4(lk) clients.

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

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

sontaSonata Finance (P) Ltd. is a NBFC-MFI headquartered in Lucknow with a gross loan portfolio of Rs. 1,285 cr. as on 31st March,2018. The organization’s operation spreads over 8 states with 414 branches reaching out 7.1 (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/

SVCLSV Creditline Limited is a Gurgaon based NBFC-MFI with gross loan portfolio of Rs. 808 cr. as on 31st March,2018. The organization’s operation spreads over 9 states with 226 branches reaching out 6.5(lk) clients.

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

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

handAsirvad Microfinance Ltd. is a Chennai based NBFC-MFI with a gross loan portfolio 2,112 cr. as of 31st March,2018. Geographically it is spread across 20 states with 830 branches , with a client base of 14.0(lk) clients.

Asirvad’s NBFC-MFI Registration No. is N-07-00769.

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

handBelstar Investment and Finance Pvt. Ltd. is a Chennai based NBFC-MFI with gross loan portfolio of Rs. 945 cr. as on 31st March,2018. The organization’s operation spreads over 8 states with 236 branches reaching out 4.4(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

bfiBharat Financial Inclusion Ltd. (BFIL) is a Hyderabad based NBFC-MFI with gross loan portfolio of Rs. 11,466 cr. as on 31st March,2018. The organization’s operation spreads over 16 states with 1,380 branches reaching out 57.6(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/

ChaitanyaChaitanya India Fin Credit Pvt. Ltd. is a Bangalore based NBFC-MFI with gross loan portfolio of Rs. 326 cr. as on 31st March,2018. The organization’s operation spreads across 3 states with 143 branches reaching out 2.2 (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/

GFSPLCreditAccess Grameen Limited is a Bangalore based NBFC-MFI with gross loan portfolio of Rs. 3,937 cr. as on 31st March,2018. The organization’s operation spreads over 5 states with 440 branches reaching out 16.1(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/

GOFLGrowing Opportunity Finance (India) Pvt. Ltd. is a Chennai based NBFC-MFI with a gross loan portfolio of Rs. 134 cr. as on 31st March,2018. The organization’s operation spreads over 3 with 24 branches reaching out 0.7 (lk) clients.

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

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

inditradeInditrade Microfinance Ltd. a Chennai based NBFC-MFI with gross loan portfolio of Rs. 34 cr. as on 31st March,2018. The organization’s operation spreads over Maharashtra and Tamil Nadu with 25 branches reaching out 0.2(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/

MaduraMadura Micro Finance Ltd. is a Chennai based NBFC-MFI providing individual and group loans through its network of 288 branches across 7 states. It has a gross loan portfolio Rs. 983 cr. with a client base of 6.3(lk) clients as on 31st March,2018.

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

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

ApexMSM Microfinance Limited commenced its microfinance operations in January 2010 and caters to the financial needs of the people in India. As on 31st March, 2018 the gross loan portfolio of MSM Microfinance is Rs. 33 cr. The organization’s operation spreads over 3 states with 12 branches reaching out 0.2(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/

MuthootMuthoot Microfin Limited is a Cochin based NBFC with gross loan portfolio of Rs. 2,496 cr. as on 31st March,2018. The organization’s operation spreads over 15 states with 455 branches reaching out 11.5(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

Nava ChetanaNavachetana Microfin Services Pvt. Ltd. is a Haveri based NBFC-MFI with gross loan portfolio of Rs. 138 cr. as on 31st March,2018. The organization’s operation spreads over Karnataka and Maharashtra with 46 branches reaching out 0.7(lk) clients.

Navachetana’s NBFC Registration No. is B-02-00195.

For more details, please refer to Navachetna’s website: www.navachetana.in/

SamastaSamasta Micro Finance Limited is a Bangalore, based NBFC-MFI with gross loan portfolio of Rs. 573 cr. as on 31st March,2018. The organization’s operation spreads over 10 states with 137 branches reaching out 3.1(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/

smlShare Microfin Ltd. is a Hyderabad based NBFC-MFI with gross loan portfolio of Rs. 772 cr. as on 31st March,2018. The organization’s operation spreads over 19 states with 785 branches reaching out 6.1(lk) clients.

Share’s NBFC Registration No. N-09.0026.

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

SpandanaSpandana Sphoorty Financial Limited is a Hyderabad based NBFC-MFI with a gross loan portfolio of Rs. 2,721 cr. as on 31st March,2018. The organization’s operation spreads across 15 states with 671 branches reaching out 12.9(lk) clients.

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

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

varamVaram Capital Pvt. Ltd. is a Chennai based NBFC-MFI with gross loan portfolio of Rs. 85 cr. as on 31st March,2018. The organization’s operation spreads across Tamil Nadu & Chhattisgarh with 25 branches reaching 0.6(lk) clients.

Varam’s NBFC-MFI Registration No. is B-07-00667.

For more details, please refer to Varam’s website: http://varam.in/


Vaya
Vaya FinServ Pvt. Ltd. is a Hyderabad based NBFC-MFI with asset under management of Rs. 525 cr. as on 31st March,2018. The organization’s operations are spread over 7 states with 202 branches reaching 3.5(lk) clients.

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

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