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 559 of the 664 districts in India, covering 30 States and UTs.

The table below gives a snapshot of presence of MFIN members in the country as on 31st Aug, 2017

Total in India Of which MFIN members are present in
No of States & UTS 36 30
No of Districts 664 559

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

AdhikarAdhikar Micro Finance Private Ltd is a Bhubaneswar based NBFC-MFI with a gross loan portfolio of Rs. 118 cr. as on 15th November 2017. The organization’s operation spreads over the states of Odisha, Chhattisgarh & Gujarat with 65 branches reaching out 0.9(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
Adi Chitragupta Finance Limited (ACFL) is a Patna based NBFC-MFI.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. ACFL will work in underserved geographies of India. It has started its activities from the state of Bihar. 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

AMPLAnnapurna Microfinance Pvt Ltd is a Bhubaneswar based NBFC-MFI with gross loan portfolio of Rs. 1,487 cr. as on 15th November 2017. The organization’s operation spreads over 11 states with 300 branches reaching out 10.7(lk) clients. The microfinance activities started with the evolution of Mission Annapurna under Peoples Forum from the year 2005.The gradual transformation from Mission Annapurna bring forth the name Annapurna Microfinance Pvt Ltd (AMPL) to the sector in the year 2009. Thereafter, AMPL registered itself with the Reserve Bank of India (RBI) as an NBFC-MFI in the year 2013.

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 Private Limited is a Kolkata based NBFC-MFI with a gross loan portfolio of Rs. 1,232 cr. as on 15th November 2017.Arohan caters to over 8.3(lk) clients across 9 low income states with 557 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 of Rs. 182 cr. as on 15th November 2017. The organization’s operation spreads over 5 states with 92 branches reaching out 1.7(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. 38 Cr as on 15th November,2017. The organization’s operation spreads the state of West Bengal with 30 branches reaching out 0.3(lk) clients.

Janakalyan’s NBFC MFI registration number is N-05.07035

NightingaleNightingale Finvest Private Limited is a Guwahati based NBFC -MFI with a gross loan portfolio of Rs. 44 cr. as on 15th November,2017. 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 29 branches reaching out 0.3(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 Financial Services Pvt Ltd is a Patna based NBFC-MFI with gross loan portfolio of Rs.253 cr. as on 15th November,2017. The organization’s operation spreads over 3 states with 67 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.160 cr. as on 15th November 2017. The organization’s operation spread across 3 states with 44 branches and reaching out 1.1(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 Private Limited is a Guwahati based NBFC-MFI with a gross loan portfolio of Rs. 45 cr. as on 15th November 2017.The organization’s operations are spread over 4 states in the North-Eastern Part of India with 24 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.

The company believes that development happens if a chain of activities is supported at different pairs and not with a discrete intervention. It, therefore, does not target the poorest exclusively. It basically targets different livelihood options that are in practice and if a person is associated in a strategic position who can contribute in the development of that activity as a viable livelihood option, the company supports her as well.

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

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

UttrayanUttrayan Financial Services Pvt Ltd (UFSPL) is a Kolkata based NBFC-MFI with a gross loan portfolio of Rs. 173 cr. as on 15th November 2017.The organization’s operation spread over 5 states with 69 branches reaching out 1.3(lk) clients.

Uttrayan’s NBFC-MFI Registration No. is B-14.03244.

For more details, please refer to Uttrayan’s website: http://www.uttrayan-mfi.com/

e13
Vedika Credit Capital Limited is a Ranchi based NBFC-MFI with a gross loan portfolio of Rs. 339 cr. as on 15th November,2017.The organization’s operations are spread over 5 states with 81 branches and reaching out 1.7(lk) clients.

Vedika’s NBFC-MFI Registration No. is B-05.00844

mamber-logoVillage Financial Services Ltd is a Kolkata based NBFC-MFI with gross loan portfolio of Rs. 443 cr. as on 15th November,2017. The organization’s operation spreads over 8 states with 159 branches reaching out 2.5(lk) clients.

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

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

w15Agora Microfinance India limited based out of Mumbai and was founded in 2011. It strives to provide affordable, convenient and timely financial services to low income urban clientele in a financially sustainable manner. The company previously traded under the name Jagdhan Finance and Investment Limited but was renamed as ‘Agora Microfinance India Limited’ (AMIL). Agora Microfinance India Limited is registered with the Reserve Bank of India (RBI) as a Non - Banking Finance Company (NBFC). Currently it has 11 operational branches with 0.2(lk) clients. The gross loan portfolio as of November 2017 is Rs. 23 cr.

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 Pvt. Ltd. (HMPL) is a Mumbai based NBFC-MFI which was established in 2008. It has a gross loan portfolio of Rs. 127 Cr as of 15th November 2017. The organization’s operation spreads over 3 states with 60 branches reaching out 0.9(lk) clients.
Hindustan Microfinance's NBFC-MFI Registration No. is B-13.01761.

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.508 Cr. as on 15th November 2017. The organization’s operation spreads over 4 states with 211 branches reaching to 3.4(lk) clients.

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

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

Light MicrofinanceLight Microfinance 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. 96 cr. as on 15th November 2017. The organization’s operation spreads over the states of Gujarat and Rajasthan with 37 branches reaching out 0.6(lk) clients.
Light Microfinance's NBFC Registration No. B-14.03244

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 NBFC with gross loan portfolio of Rs. 137 cr. as on 15th November 2017. The organization’s operation spreads over 3 States with 37 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 Financial Services Ltd is an Ahmedabad based NBFC-MFI with a gross loan portfolio of Rs. 194 cr. as on 15th November 2017. The organization’s operation spreads over 4 states with 102 branches reaching out 1.3(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 142 cr. as on 15th November 2017. The organization’s operation spreads over 4 states with 72 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/

NamraSahayog Microfinance Limited is a Bhopal based NBFC with gross loan portfolio of Rs. 104 cr. as on 31st March 2015. The organization’s operation spreads over 2 states (Madhya Pradesh and Maharashtra) with 61 branches reaching out 72,498 clients.

Sahayog’s NBFC Registration No. is 1.00223

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

SvastiSvasti Microfinance Pvt Ltd is a Mumbai based NFC-MFI with a gross loan portfolio Rs. 147 cr. as on 15th November 2017. The organization’s operations are spread over 3 states with 30 branches reaching out to 0.8 (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 is a Mumbai based NBFC-MFI with a gross loan portfolio of Rs. 320 cr. as on 15th November,2017. The organization’s operations are spread over 7 states with 103 branches reaching out 2.0(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 Limited is a Mumbai based NBFC-MFI with a gross loan portfolio of Rs. 49 cr. as on 15th November,2017.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 0.2(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. 5.17 Cr as on 31st October, 2017. The organization’s is currently operating only in Chhattisgarh State with 8 (Eight) branches reaching out 2800 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 Pvt. Ltd is a Delhi based NBFC-MFI with gross loan portfolio of Rs. 1,089 cr. as on 15th November 2017. The organization’s operation spreads over 14 states with 332 branches reaching out 8.9(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. 277 cr. as on 15th November 2017. The organization’s operation spreads over 5 states through a network of 120 branches reaching out 2.2(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. 203 cr. as on 15th November 2017. The organization’s operation spreads over 3 states with 80 branches reaching out 1.3(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/

satinSatin Creditcare Network Ltd (SCNL) is a Delhi based NBFC-MFI with a gross loan portfolio of Rs. 3,988 as on 15th November 2017. The organization’s operation spreads over 18 states with 680 branches reaching out 22.6(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/

ShikharShikhar Microfinance Pvt. Ltd. is a Delhi based NBFC-MFI with gross loan portfolio of Rs. 52 cr. as on 15th November 2017.The organization’s operation spreads over 5 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 Pvt Ltd is a NBFC-MFI headquartered in Lucknow with a gross loan portfolio of Rs. 1,120 cr. as on 15th November 2017. The organization’s operation spreads over 8 states with 386 branches reaching out 6.6 (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 (P) Ltd is a Gurgaon based NBFC-MFI with gross loan portfolio of Rs. 881 cr. as on 15th November,2017 The organization’s operation spreads over 9 states with 226 branches reaching out 6.7(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 1,965 Cr as of 15th November,2017. Geographically it is spread across 20 states with 813 branches , with a client base of 13.8(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. 797 cr. as on 15thNovember, 2017. The organization’s operation spreads over 8 states with 198 branches reaching out 3.8(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 Limited (BFIL) is a Hyderabad based NBFC-MFI with gross loan portfolio of Rs. 10,597 cr. as on 15th November 2017. The organization’s operation spreads over 17 states with 1,319 branches reaching out 53.2(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. 302cr. as on 15th November 2017. The organization’s operation spreads across 3 states with 139 branches reaching out 2.0 (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/

GFSPLGrameen Koota Financial Services Pvt Ltd. is a Bangalore based NBFC-MFI with gross loan portfolio of Rs. 3,937 cr. as on 15th November 2017. 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. 107 Cr. As on 15th November 2017. The organization’s operation spreads over 3 with 22 branches reaching out 0.6(lk) clients. Growing Opportunity Finance (India) Pvt ltd was founded in 2006, and is registered as NBFC-MFI w.e.f April 17, 2015 under Reserve Bank of India.
GOF’s NBFC-MFI Registration No. is N-07.00757

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

JanalakshmiJanalakshmi Financial Services Pvt Ltd is a Bangalore based NBFC-MFI with gross loan portfolio of Rs. 12.044 Cr as on 30th June 2017. The organization’s operation spreads over 20 states / UTs (Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Puducherry, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal) with 525 branches reaching out 58,08,523 clients.

Janalakshmi’s NBFC-MFI Registration No. is N-02-00230

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

MaduraMadura Micro Finance Ltd is a Chennai based NBFC-MFI providing individual and group loans through its network of 268 branches across 5 states. It has a gross loan portfolio Rs. 881 cr. as on 15th November 2017 with a client base of 5.9(lk) clients.

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

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

ApexMSM 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 15th November 2017 the gross loan portfolio of MSM Microfinance is Rs. 31 cr. The organization’s operation spreads over 3 states with 12 branches reaching out 0.3(lk) clients.
MSM MicroFinance Limited’s Registration No. is 07.00020

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

MuthootMuthoot Microfin Limited is a Cochin based NBFC with gross loan portfolio of Rs. 2,356 cr. as on 15th November 2017. The organization’s operation spreads over 12 states with 422 branches reaching out 10.2(lk) clients.

Muthoot Microfin Limited’s NBFC Registration No. is 16.0017

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

Nava ChetanaNavachetana Microfin Services Pvt. Ltd. is a Haveri based NBFC-MFI with gross loan portfolio of Rs. 141 cr. as on 15th November 2017. The organization’s operation spreads over Karnataka and Maharashtra with 46 branches reaching out 0.7(lk) clients.

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

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

SamastaSamasta Micro Finance Ltd is a Bangalore, based NBFC-MFI with gross loan portfolio of Rs. 443 cr. as on 15th November 2017. The organization’s operation spreads over 5 states with 98 branches reaching out 2.1(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. 571 cr. as on 15th November 2017.The organization’s operation spreads over 18 states with 697 branches reaching out 4.9(lk) clients.

Share’s NBFC Registration No. N-09.00261

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

SpandanaSpandana Sphoorty Financial Ltd is a Hyderabad based NBFC-MFI with a gross loan portfolio of Rs. 2,244 cr. as on 17th November 2017. The organization’s operation spreads across 14 states with 612 branches reaching out 10.9(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. 90 cr. as on 15th November 2017. The organization’s operation spreads across 2 states (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 Private Ltd. is a Hyderabad based NBFC-MFI with asset under management of Rs. 377 cr. as on 31st March 2017.The organization’s operations are spread over 6 states namely Bihar, Jharkhand, Odisha,Telangana,Maharshtra and Karnataka with a client base of 2,35,000.

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

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