Top Microfinance Institutions in India

CRISIL has published the list of "Top 50 Microfinance Institutions in India", at CRISIL’s seminar, Microfinance Lending: a Growth Engine for the Indian Economy. SKS Microfinance Ltd is the largest Microfinance Institution (MFI) in India, and one of the fastest growing Microfinance Institutions in the world having provided approximately INR 100 billion (Sept 2009) and has loans outstanding to the tune of INR 32,080 million (USD 697 Millions) to 5,301,181 women in India (Sept 2009).

Spandana Sphoorty Financial Limited is one of the largest MFI in the world. It provides micro-credit and credit-plus services to low-income households and individuals to improve their quality of life.

Share Microfin Limited is also one of the largest MFI in India, started its operations for the poor in 1989 as a not-for-profit society. It was the first MFI in the country to obtain a Non Banking Financial Company (Non Deposit) licence.

CRISIL List of Top 50 Microfinance Institutions in India:
(by Loan Amount Outstanding for 2009)
1. SKS Microfinance Ltd (SKSMPL)
2 Spandana Sphoorty Financial Ltd (SSFL)
3 Share Microfin Limited (SML)
4 Asmitha Microfin Ltd (AML)
5 Shri Kshetra Dharmasthala Rural Development Project(SKDRDP)
6 Bhartiya Samruddhi Finance Limited (BSFL)
7 Bandhan Society
8 Cashpor Micro Credit (CMC)
9 Grama Vidiyal Micro Finance Pvt Ltd (GVMFL)
10 Grameen FinancialServices Pvt Ltd (GFSPL)
11 Madura Micro Finance Ltd (MMFL)
12 BSS Microfinance Bangalore Pvt Ltd (BMPL)
13 Equitas Micro Finance India P Ltd (Equitas)
14 Bandhan Financial Services Pvt Ltd (BFSPL)
15 Sarvodaya Nano Finance Ltd (SNFL)
16 BWDA Finance Limited (BFL)
17 Ujjivan FinancialServices Pvt Ltd (UFSPL)
18 Future Financial Services ChittoorLtd (FFSL)
19 ESAF Microfinance & Investments Pvt. Ltd (EMFIL)
20 S.M.I.L.E Microfinance Limited
21 SWAWS Credit Corporation India Pvt Ltd (SCCI)
22 Sanghamithra Rural Financial Services (SRFS)
23 Saadhana Microfin
24 Gram Utthan Kendrapara,
25 Rashtriya Seva Samithi (RASS)
26 Sahara Utsarga Welfare Society (SUWS)
27 Sonata Finance Pvt Ltd (Sonata)
28 Rashtriya Gramin Vikas Nidhi
29 Arohan Financial Services Ltd (AFSL)
30 Janalakshmi Financial Services Pvt Ltd (JFSPL)
31 Annapurna Financial Services Pvt Ltd
32 Hand in Hand (HiH)
33 Payakaraopeta Women’s Mutually Aided Co-operative Thrift and Credit Society (PWMACTS)
34 Aadarsha Welfare Society(AWS)
35 Adhikar
36 Village Financial Services Pvt Ltd (VFSPL)
37 Sahara Uttarayan
38 RORES Micro Entrepreneur Development Trust(RMEDT)
39 Centre for Rural Social Action (CReSA)
40 Indur Intideepam Federation Ltd (IIMF)
41 Welfare Organisation for Multipurpose Mass Awareness Network (WOMAN)
42 Pragathi Mutually Aided Cooperative Credit and Marketing Federation Ltd(PMACS)
43 Indian Association for Savings and Credit(IASC)
44 Sewa Mutually Aided Cooperative Thrift Societies Federation Ltd (Sewa)
45 Initiatives for Development Bangalore, Foundation (IDF)
46 Gandhi Smaraka Grama Seva Kendram (GSGSK)
47 Swayamshree Micro Credit Services (SMCS)
49 Janodaya Trust
50 Community Development Centre (CDC)

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