CreditAccess Grameen Limited

Provides microfinance to rural low-income households and conducts social awareness campaigns for their socio-economic developement

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About

  • Headquarters

    Bangalore, Karnataka

  • Since

    1999

Credit Access Grameen Limited formerly known as Grameen Koota provides micro-financial services such as loans for income generation, home improvement, Read more family welfare and emergencies to urban and rural poor, especially women. These loans are given for education needs, medical needs, celebration of festivals and lifestyle improvement products such as solar lights, cook stoves, water connections, building rooms and toilets, rain proofing homes etc. They offer services like life insurance, health insurance and work as aggregator of the National Pension Scheme of Govt. of India by collecting contributions from customers and encouraging them to enroll in the scheme. They organize awareness programs for financial literacy, health and nutrition, basic medical services and women's rights and gender issues. Water, sanitation and hygiene (wash) and child education programs are implemented by Grameen Koota’s corporate social responsibility programs.


Action

The company provides microfinance loans and other financial services to women from low-income households who are organized into joint liability groups.

Cause Area

Impact

As of 2023, CreditAccess Grameen serves over 4.5 million active borrowers across 16 states and 1 union territory in India through its network of over 1,900 branches.

Vision & Mission

To be the trusted partner of 10 million rural under-banked families in India, enriching their lives by providing convenient and reliable financial solutions.

Milestones & Track Record

The company was founded in 1999, converted to an NBFC in 2007, listed on stock exchanges in 2018, and acquired Madura Microfinance in 2019 to become India's largest NBFC-MFI.

Leadership Team

  • Udaya Kumar Hebbar

    Managing Director & CEO at CreditAccess Grameen Limited

  • Ganesh Narayanan

    Deputy Chief Executive Officer and Chief Business Officer

  • Balakrishna Kamath

    Chief Financial Officer at CreditAccess Grameen Limited

  • Firoz Anam

    Chief Risk Officer at CreditAccess Grameen Limited

Demographics & Structure

  • No. of Employees

    100+

M&E

  • Internal, External Assessors

    No

Policies

  • Ethics and Transparency Policies

    No

  • Formal CEO Oversight & Compensation Policy

    No

Political & Religious Declarations

  • On Affiliation if any

    No

  • On Deployment Bias if any

    No

Registration Details

  • Registration ID

    U51216KA1991PLC053425

  • FCRA

    Not Available

  • CSR Registration Number

    Not Available

Location

  • Headquarters

    #49, 46th Cross, 8th Block, Jayanagar, Bangalore, 560071

    Directions
  • Offices in Cities

Other Details

  • Parent Organisation

    T. Muniswamappa Trust (TMT), Bangalore

  • Type & Sub Type

    For-profit
    Non-Banking Financial Company

Financial Details

 Income / Expenses
  • 2019-20

    Income
    Rs.168,436,000,000
    Expenses
    Rs.123,347,000,000
    Admin Expenses
    Rs.115,230,500,000
    Program Expenses
    Rs.8,116,500,000
    Tip: Click on any value above to exclude it.
  • 2020-21

    Income
    Rs.203,114,000,000
    Expenses
    Rs.183,685,000,000
    Admin Expenses
    Rs.169,785,200,000
    Program Expenses
    Rs.13,899,800,000
    Tip: Click on any value above to exclude it.
  • 2021-22

    Income
    Rs.229,120,000,000
    Expenses
    Rs.177,856,000,000
    Admin Expenses
    Rs.165,450,700,000
    Program Expenses
    Rs.12,405,300,000
    Tip: Click on any value above to exclude it.