Radar · Microfinance in India
Best Microfinance Companies in India
The 171 best Microfinance companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Annapurna Finance.
By Riya SenguptaFinancials
171companies tracked
$3.2Bdisclosed funding
0unicorns
72have raised
The 171 Microfinance companies tracked here for India are ranked by disclosed equity funding and recent funding momentum, with $3.2B in total disclosed capital across the directory. No unicorns. What you get instead is a sector built on earned revenue: 147 filers report a combined $5.3B revenue pool, with a median of roughly $2M per company. CreditAccess Grameen leads at $670M in revenue, up 11% year-on-year. Utkarsh CoreInvest filed $484M, up 23%. Svatantra Microfin hit $374M, up 44%. The net income picture is just as uneven: CreditAccess Grameen's $62M profit runs 350 times the sector median of $176,763. That gap tells you everything about concentration at the top. The [global microfinance market sat at $215.7B in 2022 and is forecast to reach $488.9B by 2030 at a 12.7% CAGR](https://businessfortnight.com/microfinance-market-giants-spending-is-going-to-boom-with-grameen-bank-accion-procredit/), driven by financial inclusion mandates and government-backed programs that India has leaned into harder than most.
Median revenue growth is 3% — modest, and the sector isn't without stress. The RBI has flagged microfinance loan performance as needing close monitoring, and green shoots are only just appearing after a prolonged period of pain for many lenders. Annapurna Finance leads the directory by funding at $248M, with Muthoot Microfin at $138M and Save Solutions at $43M among the next tier. SIDBI, Creation Investments, and BlueOrchard are the most active backers. I'd watch the revenue-to-funding ratio closely here: the biggest earners aren't always the biggest raisers.
Sources & further reading
- Latest News Microfinance Market Giants Spending Is Going To Boom with
Ranked: Best Microfinance companies in India
| # | Company | Revenue | Disclosed funding | Revenue YoY | Employees | Founder | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Asirvad Microfinance Provider of micro loans for consumers | $1.2B FY2025 | $2M | +13% | 32,159 | — | — | 4 signals ▼56% Leadership | — |
| 2 | Ujjivan Financial services company primarily focused on serving the urban poor through microfinance and banking… | $781M FY2024 | $238M | +36% | 17,870 | — | — | 4 signals Earnings · IPO | — |
| 3 | CreditAccess Grameen Provider of microcredit services | $681M FY2025 | $208M | +11% | 21,152 | Vinatha Reddy Founder | WordPress Block EditorWordPressMySQL+18 | 24 signals ▼20% Earnings · Funding · M&A | — |
| 4 | Equitas Microcredit for low income individuals and businesses | $543M FY2022 | $140M | — | 4 | John Alex CEO | — | 3 signals Earnings | — |
| 5 | Utkarsh Coreinvest Provider of financial services to unbanked populations and small finance | $492M FY2025 | $94M | +23% | 8,729 | Suman Saurabh Managing Direcor & Ceo | PHPAnimate.cssBootstrap+11 | — | — |
| 6 | Svatantra Microfinance Provider of microcredit services | $379M FY2025 | $233M | +44% | 10,822 | Ananya Birla Founder & Director | BootstrapAmazon Web ServicesCloudflare+10 | 5 signals ▲150% IPO · M&A | — |
| 7 | Satin Creditcare NBFC offering micro loans to businesses 82Market top 21%Funding top 21%Fin. health top 21%Moat top 27% All 11 signals ▾Markettop 21% Fundingtop 21% Fin. healthtop 21% Moattop 27% Techtop 33% Producttop 34% Innovationtop 36% Growthtop 43% Newstop 47% Talentbottom 49% Globalbottom 39% Market: 13,771 employees (top 1% of Sustainability Tech) · Revenue ~$308M Funding: Raised $41.2M across 21 rounds · 21 rounds over 18 yrs (1.2/yr) rank vs industry peers · Fliar Intelligence Index 82/100 | $308M FY2025 | $41M | +16% | 13,771 | H Singh Managing Director | WordPressMySQLPHP+26 | 8 signals ▼62% Earnings · Fundraising · Announcements | — |
| 8 | Spandana Provider of microfinance and consumer durable loans to rural households | $306M FY2024 | $192M | +72% | 15,869 | Shalabh Saxena CEO & MD | PHPAnimate.cssBootstrap+14 | 8 signals ▼27% Leadership · Earnings · M&A | — |
| 9 | Bharat Financial Inclusion Provider of micro-credit & insurance for low income income individuals and women | $285M FY2025 | $144M | +3% | 38,592 | M Rao CEO & MD | Windows ServerMicrosoft ASP.NETBootstrap+6 | 3 signals ▲200% Leadership | 1 award |
| 10 | Muthoot Microfin Provider of microfinance financial support and loans to low-income earning women entrepreneurs 87Market top 23%Funding top 23%Fin. health top 23%Tech top 24% All 11 signals ▾Markettop 23% Fundingtop 23% Fin. healthtop 23% Techtop 24% Moattop 24% Producttop 28% Growthtop 32% Talenttop 38% Newstop 41% Partnersbottom 43% Globalbottom 39% Market: 15,695 employees (top 1% of Sustainability Tech) · Revenue ~$276M Funding: Raised $138M across 7 rounds · 7 rounds over 10 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 87/100 | $276M FY2024 | $138M | +58% | 15,695 | Sadaf Sayeed CEO | WordPressMySQLPHP+30 | 7 signals ▼30% Earnings · Capital raise · Contracts | 1 award |
| 11 | Chaitanya India Provider of micro-credit for low-income individuals and businesses | $271M FY2025 | $137M | +20% | — | Sachin Bansal CEO | — | — | — |
| 12 | Chaitanya India Fin Credit Provider of micro-credit financing for low-income individuals and businesses | $271M FY2025 | $8M | +20% | 7,936 | Anand Rao Founder & MD | WordPressMySQLPHP+28 | — | — |
| 13 | Annapurna Finance Provider of microfinance services for economic empowerment 80Funding top 13%Product top 18%Innovation top 20%Moat top 21% All 11 signals ▾Fundingtop 13% Producttop 18% Innovationtop 20% Moattop 21% Newstop 22% Markettop 24% Fin. healthtop 29% Growthtop 41% Talenttop 41% Globalbottom 39% Techbottom 34% Funding: Raised $248M across 18 rounds · 18 rounds over 14 yrs (1.3/yr) Product: 10 distinct product lines · Company stage: Series F rank vs industry peers · Fliar Intelligence Index 80/100 | $258M FY2025 | $248M | +5% | 11,346 | Gobinda Pattanaik Founder & Managing Director | WordPressMySQLPHP+18 | 8 signals ▲100% Funding | — |
| 14 | Belstar Micro Loans for setting up of micro enterprises based on a SHG model | $251M FY2025 | $139M | +15% | 10,457 | Jayaraman Balakrishnan Chief Executive Officer | WordPressMySQLPHP+20 | 3 signals ▼75% Earnings | 1 partnership · 1 award |
| 15 | Arohan Non-banking financial company focuses on providing financial services to low-income individuals and… | $201M FY2025 | $166M | +4% | 10,738 | Vineet Rai Founder & Chairman | TypeScriptPHPZoho+22 | 6 signals ▲100% Leadership · New product | 1 job opening |
| 16 | Satyamicrocapital Microfinance operations 80Funding top 21%Fin. health top 24%Moat top 26%Market top 29% All 10 signals ▾Fundingtop 21% Fin. healthtop 24% Moattop 26% Markettop 29% Producttop 29% Growthtop 35% Talenttop 38% Techtop 46% Globalbottom 39% Newsbottom 34% Funding: Raised $116M across 21 rounds · 21 rounds over 9 yrs (2.3/yr) Fin. health: Revenue ~$155M (FY2022) · Net margin 0.3% rank vs industry peers · Fliar Intelligence Index 80/100 | $155M FY2024 | $116M | +74% | 7,481 | Vivek Tiwari Founder | WordPress Block EditorElementorWordPress+29 | — | — |
| 17 | Arman Financial Services Auto loans provider | $80M FY2024 | $12M | +56% | 1,079 | — | TypeScriptFroala EditorD3+13 | — | — |
| 18 | Namra Finance Microcredit for low income individuals and SMEs | $80M FY2024 | $5M | +56% | 175 | — | PleskWindows ServerMicrosoft ASP.NET+10 | — | — |
| 19 | Save Solutions Provider of MSME business loan against property to rural and semi rural communities 67Moat top 27%Funding top 29%Product top 29%Fin. health top 36% All 10 signals ▾Moattop 27% Fundingtop 29% Producttop 29% Fin. healthtop 36% Markettop 38% Techtop 40% Growthtop 44% Talenttop 44% Newsbottom 46% Globalbottom 39% Moat: Top 13% by revenue among 128 tracked Microfinance companies · Editorial + unicorn rating 7/10 Funding: Raised $43.2M across 6 rounds · 6 rounds over 9 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $68M FY2025 | $43M | +5% | 216 | Ajay Sinha Co-Founder & Director | TypeScriptGraphQLNode.js+13 | — | — |
| 20 | Pahal Financial Services Provider of microfinance services to low-income households 72Tech top 28%Funding top 31%Market top 33%Product top 35% All 10 signals ▾Techtop 28% Fundingtop 31% Markettop 33% Producttop 35% Fin. healthtop 37% Talenttop 38% Moattop 40% Growthtop 46% Globalbottom 39% Newsbottom 33% Tech: 47 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Funding: Raised $20.3M across 22 rounds · 22 rounds over 15 yrs (1.5/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $60M FY2025 | $20M | +9% | 3,072 | Purvi Bhavsar Co-Founder & Managing Director | WordPressZohoMySQL+27 | — | — |
| 21 | Light Microfinance Microloans for empowering small households | $59M FY2025 | $35M | -5% | 4,236 | Rakesh Kumar Co-Founder & CEO | — | — | — |
| 22 | Avanti Provider of financial services focused on livelihood advancement for underserved communities | $47M FY2025 | $66M | +57% | 118 118 → 147 (+25%) | Lalitesh Katragadda Chief Product Officer | WebflowSlickjQuery+11 | — | 1 award |
| 23 | Digamber Finance Provider of microfinance solutions | $32M FY2023 | $9M | +19% | 2,307 | Amit Jain Co-Founder & CEO | WordPressMySQLPHP+12 | — | — |
| 24 | Sonata Finance Micro loans in UP and North India | $32M FY2025 | $41M | — | 3,793 | Sivarami Reddy Co-Founder | WordPressMySQLPHP+16 | — | — |
| 25 | Vedika Credit Capital NBFC-MFI offering individual and group loan products | $31M FY2025 | $20M | +16% | 1,177 | — | WordPressMySQLPHP+24 | — | 3 job openings |
| 26 | Svasti Microfinance Institution catering to the urban poor 62Funding top 29%Moat top 29%Product top 32%Tech top 33% All 11 signals ▾Fundingtop 29% Moattop 29% Producttop 32% Techtop 33% Markettop 35% Innovationtop 36% Newstop 38% Fin. healthbottom 49% Talentbottom 49% Growthbottom 48% Globalbottom 39% Funding: Raised $24.3M across 11 rounds · 11 rounds over 16 yrs (0.7/yr) Moat: Top 17% by revenue among 128 tracked Microfinance companies · Editorial + unicorn rating 7/10 rank vs industry peers · Fliar Intelligence Index 62/100 | $30M FY2025 | $24M | -10% | 2,071 | Arunkumar Padmanabhan Co-Founder & CEO | WordPressMySQLPHP+18 | 3 signals Funding | — |
| 27 | Sindhuja Microcredit Provider of micro-credit solutions for low-income individuals and businesses 64Growth top 25%Funding top 29%Moat top 30%Market top 35% All 9 signals ▾Growthtop 25% Fundingtop 29% Moattop 30% Markettop 35% Talenttop 38% Fin. healthtop 42% Globalbottom 39% Techbottom 25% Newsbottom 22% Growth: Revenue +72% YoY · Fresh capital in last 24 mo Funding: Raised $35.7M across 8 rounds · 8 rounds over 8 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 64/100 | $27M FY2024 | $36M | +72% | 725 | Abhisheka Kumar Co-Founder & Managing Director | Google Font APISucurijQuery+2 | — | — |
| 28 | Capital Trust Micro-credit for low income businesses | $26M FY2019 | $11M | — | 15 | — | UbuntuBootstrapReact+14 | — | — |
| 29 | SV Creditline Micro Loans in UP, MP and Rajasthan | $24M FY2025 | $20M | +21% | 2,332 | Sunil Sachdeva Co-Founder | PleskBootstrapCloudflare+6 | — | — |
| 30 | VFS Capital Provider of micro financial services | $23M FY2025 | $12M | +8% | 1,846 | Kuldip Maity CEO & Managing Director | Node.jsGoogle MapsAnimate.css+11 | — | — |
| 31 | Aavishkaar Group Provider of financial services | $16M FY2025 | $57M | +5% | — | Vineet Rai Founder | WordPressMySQLPHP+17 | — | — |
| 32 | Criss Financial Provider of micro credit loans to customers for various purposes | $13M FY2023 | $3M | — | 1,502 | — | PHPAnimate.cssBootstrap+15 | — | 1 job opening |
| 33 | Jagaran Microfin Micro Loans in West Bengal | $8M FY2025 | $11M | -13% | 1,336 | Jaydeep Ghosh CEO | PHPAnimate.cssBootstrap+8 | — | — |
| 34 | SHARE Microfin Micro Loans under joint liability group lending model | $8M FY2025 | $79M | -28% | 2,524 | Udaia Kumar Managing director | PleskWindows ServerMicrosoft ASP.NET+8 | — | — |
| 35 | Basix Provider of financial, business, and institutional development services | $7M FY2025 | $36M | +12% | 3 | Savita Mahajan Co-Founder | WordPressMySQLPHP+18 | — | — |
| 36 | Mitrata Inclusive Financial Services Provider of microfinance services | $5M FY2025 | $2M | — | 591 | — | WordPress Block EditorElementorWordPress+23 | — | — |
| 37 | Janakalyan Micro-loans for individuals and enterprises | $4M FY2025 | $3M | +18% | 386 | Sunanda Mitra Co-Founder | PHPCodeIgniterBootstrap+8 | — | — |
| 38 | Srifin Credit Provider of collateral-free micro-credit to women entrepreneurs | $3M FY2025 | $2M | +920% | 918 | Vivek Dave Founder & COO | MoodlePHPAnimate.css+13 | — | — |
| 39 | Vector Finance Provider of microcredit services | $3M FY2025 | $2M | -46% | 1,051 | — | Master SliderWordPressMySQL+28 | — | — |
| 40 | Dia Vikas Microcredit for low income individuals & businesses | $2M FY2024 | $19M | — | — | — | — | — | — |
| 41 | Shikhar Microfi nce Microcredit and micro-insurance for SMEs | $779K FY2025 | $3M | -39% | 109 | Satyavir Chakrapani Managing Director & Chief Executive Officer | — | — | — |
| 42 | Madura Microfinance Microfinance firm providing individual and group loans to the rural population | $763K FY2022 | $4M | +142% | 17,912 | Narayanan Muthiah CEO | Cloudflare Browser InsightsCloudflareHTTP/3 | — | — |
| 43 | Sambandh Fi ncial Services Provider of micro credit services | $299K FY2022 | $9M | -88% | 14 | Mary Margaret Kindo Co-Founder | WordPressMySQLPHP+19 | — | — |
| 44 | Dvara KGFS Provider of financial services including loans, insurance, savings, and remittances 50Talent top 28%Funding top 30%Tech top 42%Growth top 47% All 9 signals ▾Talenttop 28% Fundingtop 30% Techtop 42% Growthtop 47% Moattop 47% Marketbottom 47% Globalbottom 39% Fin. healthbottom 38% Newsbottom 24% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Funding: Raised $43.7M across 11 rounds · 11 rounds over 7 yrs (1.6/yr) rank vs industry peers · Fliar Intelligence Index 50/100 | $176K FY2024 | $44M | -2% | 4,094 | Samir Shah Co-Founder | SummernoteGoogle Sign-inGoogle Maps+15 | — | — |
| 45 | Asmitha Microfin Provider of microcredit services | $16K FY2025 | $22M | -81% | 3 | Rekam Jayasurya CEO | PleskDreamWeaverAdobe Flash+2 | — | — |
| 46 | Trident Microfin Micro loans and insurance for the low-income individuals and enterprises in Andhra Pradesh, India | $15K FY2024 | $15M | -61% | 175 | Kishore Puli Managing Director | — | — | — |
| 47 | Saija Micro Loans in Bihar | $6K FY2025 | $5M | -97% | 2 | — | — | — | — |
| 48 | RGVN (Northeast) Microfinance Limited Micro Loans in the North-East region | $18 FY2024 | $8M | — | 4 | — | — | — | — |
| 49 | GVMFL Micro Loans in Tamil Nadu | — | $12M | — | 3,000 | S Devaraj Managing Director | — | — | — |
| 50 | Spandana Sphoorty Financial Microfinance services provider to low income households | — | $192M | — | 14,716 | Shalabh Saxena CEO | — | 10 signals ▼44% Earnings · Capital raise · Board | — |
Top 12 Microfinance companies in India
#1
Series F · Bhubaneswar, Odisha · founded 2009 · 11346 employees$248.4Mraised▾
Series F · Bhubaneswar, Odisha · founded 2009 · 11346 employees
Provider of microfinance services for economic empowerment. It offers a diverse range of financial products include Just in Time, Group, MSME Business, Housing, Samarth, Home Improvement & Agricultural Loans and Safe Water & Sanitation to Households.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Funding
top 13%Product
top 18%Innovation
top 20%Moat
top 21%News
top 22%Market
top 24%Funding: Raised $248M across 18 rounds · 18 rounds over 14 yrs (1.3/yr) · Last round Conventional Debt (Feb 2026)
Product: 10 distinct product lines · Company stage: Series F
Innovation: 10 product lines
Audience (LinkedIn): 50k LinkedIn followers — 6.7% of this cohort's audience
Funding rounds
- Feb 2026Conventional Debt$100M
- Dec 2024Conventional Debt$109.5M
- Jan 2024Series F$71.8M
- Jun 2022Series E$15M
Founders & team
Investors
SIDBI, SIDBI Venture Capital, BIO Invest, Incofin Investment Management, DEG, Bamboo Capital Partners
Tech stack
A3 Lazy LoadAmazon Web ServicesAosApache Http ServerContact Form 7Google Analytics
#2
Series C · Noida, Uttar Pradesh · founded 2018 · 725 employees$35.7Mraised▾
Series C · Noida, Uttar Pradesh · founded 2018 · 725 employees
Provider of micro-credit solutions for low-income individuals and businesses. It offers microfinance loans and insurance services, aiming to meet the financial and non-financial needs of these communities. The company plans to expand its offerings to include micro-enterprise loans and other services through third-party arrangements. Its focus is on financial inclusion, supporting entrepreneurs with the necessary capital and resources for growth and prosperity.
Fliar Intelligence Index™ 64how this company ranks against its industry peers
Growth
top 25%Funding
top 29%Moat
top 30%Market
top 35%Talent
top 38%Fin. health
top 42%Growth: Revenue +72% YoY · Fresh capital in last 24 mo
Funding: Raised $35.7M across 8 rounds · 8 rounds over 8 yrs (1.0/yr) · Last round Series C (May 2026)
Moat: Top 20% by revenue among 128 tracked Microfinance companies · Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
Audience (LinkedIn): 11k LinkedIn followers
Hiring (LinkedIn): 2 hiring posts in 12 mo (public) · momentum -2 · hiring: HR &Training- Assistant Manager / Manager, Assistant Manager / Manager
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- May 2026Series C$5M
- Mar 2024Series C$14.5M
- Mar 2023Series B$3.9M
- Mar 2021Series B$2.7M
Founders & team
Investors
Carpediem Capital, Norfund, Abler Nordic, Nordic Microfinance Initiative, GAWA Capital, Oikocredit
Tech stack
GodaddyGoogle Font ApiHttp/3JquerySucuri
#3
Public · Ernakulam, Kerala · founded 2010 · 15695 employees$138.2Mraised▾
Public · Ernakulam, Kerala · founded 2010 · 15695 employees
Provider of microfinance financial support and loans to low-income earning women entrepreneurs. It provides users with a platform that offers a wide variety of loans apart from traditional income generating loans, like sanitation loans, water purifier loans, education loans, mobile phone loans, and sewing machine loans, and more.
Fliar Intelligence Index™ 87how this company ranks against its industry peers
Market
top 23%Funding
top 23%Fin. health
top 23%Tech
top 24%Moat
top 24%Product
top 28%Market: 15,695 employees (top 1% of Sustainability Tech) · Revenue ~$276M · ~5% of tracked Microfinance revenue (128 cos, FY2025)
Funding: Raised $138M across 7 rounds · 7 rounds over 10 yrs (0.7/yr) · Last round Post IPO (Sep 2025)
Fin. health: Revenue ~$276M (FY2022) · Net margin 3.3% · Revenue +58% YoY
Audience (LinkedIn): 93k LinkedIn followers — 12.6% of this cohort's audience
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Sep 2025Post IPO—
- Oct 2022Conventional Debt$15M
- Sep 2022Series B$10M
- Dec 2021Series B$50M
Founders & team
Investors
Creation Investments, Muthoot Fincorp, Greater Pacific Capital, responsAbility, Yubi, Credavenue Securities
Tech stack
Amazon AlbAmazon ElbAmazon Web ServicesAngularAngularjsApache Http Server
#4
Series C · Chennai, Tamil Nadu · founded 2010 · 2071 employees$24.3Mraised▾
Series C · Chennai, Tamil Nadu · founded 2010 · 2071 employees
Microfinance Institution catering to the urban poor. It is expanding its products to provide MSME loans, savings, and insurance products in the areas that it services directly or as an agent to banks and insurance companies.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 29%Moat
top 29%Product
top 32%Tech
top 33%Market
top 35%Innovation
top 36%Funding: Raised $24.3M across 11 rounds · 11 rounds over 16 yrs (0.7/yr) · Last round Series C (Mar 2026)
Moat: Top 17% by revenue among 128 tracked Microfinance companies · Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
Product: 10 distinct product lines · 1 published app (13.4k installs) · Company stage: Series C
Audience (LinkedIn): 12k LinkedIn followers
Funding rounds
- Mar 2026Series C$5.1M
- Mar 2026Conventional Debt—
- Mar 2023Series B$4.8M
- Mar 2023Conventional Debt$5M
Founders & team
Investors
Malhar V Shah Family Trust, Tanaaya Shah Family Trust, Nikhil Sah Family Trust, Rising Sun Holdings, Andaman Finance AND Investment, Abler Nordic
Tech stack
Amazon Web ServicesAnimate.CssApache Http ServerBootstrapCloudflareCloudflare Bot Management
#5
Series C · Delhi, Delhi · founded 2009 · 216 employees$43.2Mraised▾
Series C · Delhi, Delhi · founded 2009 · 216 employees
Provider of MSME business loan against property to rural and semi rural communities.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Moat
top 27%Funding
top 29%Product
top 29%Fin. health
top 36%Market
top 38%Tech
top 40%Moat: Top 13% by revenue among 128 tracked Microfinance companies · Editorial + unicorn rating 7/10 · 10 curated direct competitors tracked
Funding: Raised $43.2M across 6 rounds · 6 rounds over 9 yrs (0.7/yr) · Last round Conventional Debt (Aug 2025)
Product: 4 published apps (26.5k installs) · Company stage: Series C
Audience (LinkedIn): 22k LinkedIn followers — 2.9% of this cohort's audience
Funding rounds
- Aug 2025Conventional Debt$3M
- May 2024Series C$13M
- Nov 2022Series B$7.1M
- Nov 2021Series B$8M
Founders & team
Investors
Incofin Investment Management, Maj Invest, Impact Investment Exchange, Caspian Debt, BlackSoil, Creation Investments
Tech stack
Amazon S3Amazon Web ServicesApolloGodaddyGraphqlHsts
#6
Public · Gurugram, Haryana · founded 1990 · 13771 employees$41.2Mraised▾
Public · Gurugram, Haryana · founded 1990 · 13771 employees
NBFC offering micro loans to businesses. It offers individual and small business loans, savings services, affordable housing finance, and MSME business loans.
Fliar Intelligence Index™ 82how this company ranks against its industry peers
Market
top 21%Funding
top 21%Fin. health
top 21%Moat
top 27%Tech
top 33%Product
top 34%Market: 13,771 employees (top 1% of Sustainability Tech) · Revenue ~$308M · ~6% of tracked Microfinance revenue (128 cos, FY2025)
Funding: Raised $41.2M across 21 rounds · 21 rounds over 18 yrs (1.2/yr) · Last round Post IPO (Aug 2025)
Fin. health: Revenue ~$308M (FY2024) · Net margin 7.2% · Revenue +16% YoY
Funding rounds
- Aug 2025Post IPO—
- Jun 2022Post IPO$12.3M
- Jan 2022Post IPO$29.9M
- Jul 2019Conventional Debt$9.4M
Founders & team
Investors
Asian Development Bank, IndusInd Bank, Kora, FMO, Trimudra Trade & Holdings, Adesh Agrifarm
Tech stack
AlertifyjsAmazon AlbAmazon S3Amazon Web ServicesAnimate.CssApache Http Server
#7
Series E · Chennai, Tamil Nadu · founded 2008 · 4094 employees$43.7Mraised▾
Series E · Chennai, Tamil Nadu · founded 2008 · 4094 employees
Provider of financial services including loans, insurance, savings, and remittances. The company offers financial advice to clients, ensuring they use a combination of services that promotes financial well-being. It delivers financial services through a branch-based model. The company offers a range of products to its customers.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Talent
top 28%Funding
top 30%Tech
top 42%Growth
top 47%Moat
top 47%Market
bottom 47%Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Funding: Raised $43.7M across 11 rounds · 11 rounds over 7 yrs (1.6/yr) · Last round Series E (May 2025)
Tech: 36 technologies across 4/8 capability areas · Cloud: Cloudflare · Devops: Envoy
Audience (LinkedIn): 12k LinkedIn followers
Funding rounds
- May 2025Series E$3.3M
- Jun 2024Venture Debt$7M
- May 2024Venture Debt$10M
- Mar 2024Conventional Debt$14.4M
Founders & team
Investors
Invest in Visions, DKM Darlehnskasse Munster, Triple Jump, BlueOrchard, LeapFrog Investments, Stakeboat Capital
Tech stack
AmchartsApache Http ServerBootstrapCdnjsCloudflareCloudflare Bot Management
#8
Series C · Delhi, Delhi · founded 2016 · 7481 employees$115.8Mraised▾
Series C · Delhi, Delhi · founded 2016 · 7481 employees
Satyamicrocapital (fka TFC Finvest Limited) is an NBFC-MFI incorporated in 1995. The company offers microfinance operations using Joint Liability Group (JLG) Model. It focuses on a woman (in the case of SATYA, her husband acts as co-borrower) through a credit product that allows her to start a new business or enhance her existing busines s. Provides collateral-free credit through credit assessment and centralized approval.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Funding
top 21%Fin. health
top 24%Moat
top 26%Market
top 29%Product
top 29%Growth
top 35%Funding: Raised $116M across 21 rounds · 21 rounds over 9 yrs (2.3/yr) · Last round Conventional Debt (Sep 2024)
Fin. health: Revenue ~$155M (FY2022) · Net margin 0.3% · Revenue +74% YoY
Moat: Top 9% by revenue among 128 tracked Microfinance companies · Editorial + unicorn rating 7/10 · 9 curated direct competitors tracked
Funding rounds
- Sep 2024Conventional Debt$12M
- Mar 2024Series C$6.8M
- Sep 2023Conventional Debt$60M
- May 2023Conventional Debt$10M
Founders & team
Investors
Sumitomo Mitsui Banking Corporation, BlueOrchard, Microfinance Enhancement Facility, SME, Dvara Holdings, Unifi
Tech stack
Animate.CssBootstrapContact Form 7Core-JsElementorFacebook Login
#9
Series C · Ahmedabad, Gujarat · founded 2011 · 3072 employees$20.3Mraised▾
Series C · Ahmedabad, Gujarat · founded 2011 · 3072 employees
Provider of microfinance services to low-income households. It offers various loan products, including joint liability group loans, individual loans, and vehicle loans, designed to support financial inclusion and enhance the livelihood of its clients. The company also provides supplementary financial products. Its services are characterized by affordability, transparency, and a commitment to maintaining the dignity of its customers.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Tech
top 28%Funding
top 31%Market
top 33%Product
top 35%Fin. health
top 37%Talent
top 38%Tech: 47 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Nginx
Funding: Raised $20.3M across 22 rounds · 22 rounds over 15 yrs (1.5/yr) · Last round Series C (Mar 2025)
Market: 3,072 employees (top 5% of Sustainability Tech) · Revenue ~$59.8M · ~1% of tracked Microfinance revenue (128 cos, FY2025)
Audience (LinkedIn): 17k LinkedIn followers — 2.2% of this cohort's audience · 160 engagements/post (3.1× cohort median)
Funding rounds
- Mar 2025Series C$17.2M
- Sep 2023Conventional Debt$12M
- Mar 2023Series B$2.4M
- Apr 2022Conventional Debt—
Founders & team
Investors
BlueOrchard, Scient Capital, UTI International, Dvara Holdings, L & T Finance Holdings, Hinduja Leyland Finance
Tech stack
Amazon CloudfrontAmazon S3Amazon SesAmazon Web ServicesAngularAnimate.Css
#10
Public · Hyderabad, Telangana · founded 1998 · 15869 employees$192Mraised▾
Public · Hyderabad, Telangana · founded 1998 · 15869 employees
Provider of microfinance and consumer durable loans to rural households. It offers microfinance loans through a Joint Liability Group (JLG) based model and also provides consumer durable loans and loans for water, sanitation, and hygiene improvements. Additional loan products include top-up loans for existing borrowers and loans against property. The company's services aim to improve the financial well-being of low-income households.
Funding rounds
- May 2024Post IPO$28.8M
- Jan 2018Conventional Debt$63M
- Dec 2017PE$19.5M
- Nov 2017Conventional Debt$61.8M
Founders & team
Investors
Yes Bank, ICICI Bank, IndusInd Bank, Lok Capital, JM Financial Private Equity, Bank of Baroda
Tech stack
Animate.CssApache Http ServerBootstrapCdnjsCloudflareCodeigniter
#11
Late Stage · Mumbai, Maharashtra · founded 2012 · 10822 employees$232.9Mraised▾
Late Stage · Mumbai, Maharashtra · founded 2012 · 10822 employees
Provider of microcredit services. The institution provides financial and non-financial solutions to rural women to promote entrepreneurship and financial inclusion. The company offers customized banking solutions to low-income individuals, focusing on empowerment and self-sustainability.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 85k LinkedIn followers — 11.5% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public)
Funding rounds
- Nov 2023PE$232.9M
- Mar 2023Conventional Debt$15M
Founders & team
Investors
Advent International, Multiples Alternate Asset Management, IGS Holding, Proparco, Infocyber India, Tgs Investment and Trade
Tech stack
Amazon Web ServicesGoogle AnalyticsGoogle Tag ManagerGsapHstsLenis
#12
Series B · Bengaluru, Karnataka · founded 2016 · 118 employees$65.5Mraised▾
Series B · Bengaluru, Karnataka · founded 2016 · 118 employees
Provider of financial services focused on livelihood advancement for underserved communities. The organization facilitates access to credit through a digital platform and partner networks. It designs products supporting income generation and economic stability. The platform enables customized financial solutions and promotes financial inclusion through technology-driven processes.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 6k LinkedIn followers
Activity: 1 awards announced in 12 mo
Funding rounds
- May 2024Series B$14.2M
- Dec 2022Series B$24M
- Oct 2021Series A$15M
- Apr 2021Conventional Debt—
Founders & team
Investors
Nomura, Gates, Oikocredit, KRSF, NRJN Trust, Rabobank
Tech stack
CdnjsCloudflareCloudflare TurnstileGoogle AnalyticsGoogle Font ApiGoogle Hosted Libraries
Funding & investor landscape
$3.2Btotal disclosed funding
71companies funded
390disclosed rounds
1rounds last 90 days
Most active investors
Notable founders
Gobinda Pattanaik
Founder & Managing Director · Annapurna Finance
Abhisheka Kumar
Co-Founder & Managing Director · Sindhuja Microcredit
Malkit Didyala
Co-Founder & CEO · Sindhuja Microcredit
Thomas Muthoot
Managing Director · Muthoot Microfin
Sadaf Sayeed
CEO · Muthoot Microfin
Arunkumar Padmanabhan
Co-Founder & CEO · Svasti
Ajay Sinha
Co-Founder & Director · Save Solutions
Pankaj Kumar
Co-Founder & Director · Save Solutions
H Singh
Managing Director · Satin Creditcare
Samir Shah
Co-Founder · Dvara KGFS
Bindu Ananth
Co-Founder · Dvara KGFS
Vivek Tiwari
Founder · Satyamicrocapital
Prism market signals · India · country-scoped Prism corpus, 5,970,655 docs
Market landscape — 10 sub-themes by coverage
Share of Microfinance coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many Microfinance companies are there in India?
Radar tracks 171 indexable Microfinance companies headquartered in India, India, that meet our profile-completeness bar.
What is the total funding raised by Microfinance companies in India?
The Microfinance companies in India on this list have raised a combined $3.2B in disclosed equity funding across 71 funded companies.
Which is the highest-funded Microfinance company in India?
Annapurna Finance is the highest-funded Microfinance company in India, with $248.4M in disclosed equity funding.
How many Microfinance companies in India are funded?
71 of the 171 Microfinance companies in India on this list have disclosed at least one equity funding round.
How many Microfinance unicorns are there in India?
None of the Microfinance companies in India on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in India Microfinance companies?
The most active investors in India Microfinance companies on this list include SIDBI, Creation Investments, Unitus, BlackSoil, BlueOrchard.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.