Sks microfinance, india's only stock market listed micro lender, today said it made rs 270 crore net profit for the fourth quarter ended march 31, 2012 the company had posted a net loss of rs 329 crore in the year-ago period. Bharat financial inclusion ltd, incorporated in the year 2003, is a large cap company (having a market cap of rs 1487773 crore) operating in finance sector. Sks microfinance limited stands by the counter affidavits filed by the company in the andhra pradesh high court and the supreme court stating that sks microfinance limited had no role in any of the alleged suicides in andhra pradesh and that the company’s full-time employees (please note that the company does not hire any agents) never resort.
(the company was incorporated as sks microfinance private limited on september 22, 2003 under the companies act, 1956 pursuant to a resolution of its shareholders passed on may 2, 2009, the company was converted into a public limited company and the word “private” was deleted from its name on may 20. Sks microfinance gets rs 100 cr refinance line from mudra sks microfinance wednesday said micro units development and refinance agency (mudra) has sanctioned a refinance line of rs 100 crore to the company at 10 percent per annum to extend finance to micro entrepreneurs. On 28 july 2010 sks, india’s largest microfinance institution (mfi) with 58 million clients, became the first mfi in india to float its shares through an initial public offering (ipo. Sks microfinance scrip has been trading at around 20% premium to the issue price of rs 985 in total, employees are estimated to have sold shares worth over rs 10 crore within a week of listing of shares.
Sks microfinance has 108k employees and an annual revenue of $88m they have raised $- in funding check out sks microfinance's profile for competitors, acquisition history, news and more. Access our live advanced streaming chart forbharat financial inclusion ltd share, free of charge this unique area or candle chart enables you to clearly notice the movements of this bharat financial share within the last hours of trading, as well as providing you with key data such as the daily change, high and low prices. View m r rao’s profile on linkedin, the world's largest professional community m r has 5 jobs listed on their profile see the complete profile on linkedin and discover m r’s connections and. Sks microfinance will not become insolvent – vikram akula in an exclusive interview with ndtv, vikram akula, the executive chairman of sks microfinance has said that despite the company reporting a. The pre-open session lasts for 15 minutes from 9 am to 9:15 am and is divided into three parts in the first 8 minutes orders are placed these orders can be cancelled or modified during this period.
Vikram akula, ceo of mfi sks, looking for venture capital investment to finance the firm scs, one of the largest and fastest growing microfinance institutions in india, it is beneficial to the non-profit organization with a social mission. Vikram akula is the founder and chairperson emeritus of sks microfinance ltd, which provides financial services to over 5 million poor women for the purpose of enabling them to earn income and. Bharat financial inclusion limited, formerly sks microfinance limited, is a non-banking financial company-micro finance institution (nbfc-mfi) the company is engaged in providing micro finance services to women in the rural areas of india enrolled as members and organized as joint liability groups. Amarchand mangaldas advised micro lender sks microfinance in raising rs 400 crore though a sale of 177 million equity shares to qualified institutional investors this is the single largest capital raise in the microfinance sector since sks microfinance’s ipo in august 2010, according to vccircle.
Sks microfinance's approach is to provide financial services to the doorstep of members in villages and urban regions this provides convenience and savings to the poor in terms of cost and time associated with travelling to mainstream banks, but also enables sks staff the ability to promptly collect repayments. Sks microfinance limited (sks) is a non-banking finance company (nbfc), regulated by the reserve bank of india sks' mission is to eradicate poverty by providing financial services to the poor. The average salary for sks microfinance limited employees is rs 325k per year visit payscale to research sks microfinance limited salaries, bonuses, reviews, benefits, and more.
‘micro-meltdown’, written by sks microfinance founder vikram akula, once the poster boy of indian microfinance, is a gripping tale of what it takes to build a world-class financial institution. © copyright 2009 bharat financial inclusion limited, all rights reserved faqs jobs contact us sitemap disclaimer jobs contact us sitemap disclaimer. Sks, a microfinance institutions fastest growing in india, is a profitable business for nonprofit institutions with social vocation in what is one of the first commercial finance deals in the world, akula must decide on the sale value of the shares of sks, and who to sell. New delhi: sks microfinance today said the name of the company has been changed to bharat financial inclusion ltd pursuant to approval of government, ministry of corporate affairs, registrar of companies, the name of the company has been changed from 'sks microfinance limited' to 'bharat financial.