News
Ujjivan Ranks #2 among all companies for Rewards & Recognition Category of Great Place to Work
Originally appeared in APN News on 28th April 2013
Mumbai : Edenred, the inventor of meal vouchers and the international leader and India’s foremost in work-life benefits, rewards and loyalty…
Ujjivan’s CFO, Ms. Sudha Suresh, Wins CFO100 Risk Management Award
Ujjivan CFO, Ms. Sudha Suresh, Wins CFO100 Risk Management Award
Ujjivan’s CFO, Ms.Sudha Suresh was honoured with the Winning Edge in Risk Management award instituted by The CFO Institute and CFO…
Glocal Health to launch software to help doctors diagnose, treat common diseases
Originally appeared in Business Line on 7th April 2013
Glocal Healthcare, a private company that is pioneering the use of technology to make healthcare more affordable and accessible, has developed…
1AprMokshaYug Access: Providing Opportunities and Income for India’s Rural Poor
Originally appeared in Knowledge @ Wharton on 28th March 2013
Around 18 months ago, when a new milk collection center opened in her village, Kattegollanahalli in the Tumkur district of…
Low cost hospitals are game changers
Originally appeared in Civil Society Online on 6th March 2013
Harimati Das, 60, a destitute widow with no children, lives in Panchtupi, a remote village in Murshidabad district of…
MokshaYug Access launches Milk Route in Bangalore
Appeared in LiveMint on 31st January 2013
Rural supply-chain solutions firm MokshaYug Access has launched its dairy brand Milk Route in Bangalore. The company will sell pasteurized toned milk, ultra-high…
Glocal Healthcare Systems: IAS officer-turned-entrepreneur plans to open 50 more hospitals
Appeared inEconomic Times on 25th January 2013
Former Indian Administrative Services officer Sabahat S Azim’s biggest challenge when he launched affordable healthcare chain Glocal Healthcare Systems was to prove that…
22JanGlocal featured amongst India’s 15 coolest startups
Appeared in Business Today on 22nd January 2013
Business Today’s 2009 listing of the “Hottest Start-ups” (March 22) featured two bespectacled 26 year olds peering into the camera from behind…
A prescription for low-cost rural healthcare
Appeared in Business Line on 6th January 2013
Business is not in his genes, and with all the pulls of north Indian small town middle-class moorings, 37-year-old Sabahat S. Azim,…
The Way I Work | Samit Ghosh, Ujjivan Financial Services
Appeared in Inc January 2013 in Inc Magainze
In the three decades he worked for CitiGroup and Bank Muscat, Samit Ghosh picked up every nuance of the banking business. That…
22DecGlocal Healthcare plans Rs 400-cr expansion across six States
Appeared in Business Line on 22nd Decemeber 2012
Glocal Healthcare Pvt Ltd, a Kolkata-headquartered and private equity-backed rural hospital company, has planned a Rs 400-crore project for 50 new units…
18DecUjjivan Financial Services lowers interest rates
Appeared in Economic Times on 17th December 2012
Ujjivan Financial Services, a microfinance company with urban focus, has lowered lending rates by 1-2 percentage points with effect from December 15,…
Glocal announces MoU with Mt. Sinai School of Medicine
On December 7, 2012, Glocal Healthcare Systems Private Limited, Kolkata, West Bengal, announced the signing of a Memorandum of Understanding with Mt. Sinai School of Medicine, New York, NY. The…
30NovShubham Housing raises $8M from Elevar, Helion, Accion & Saama Capital
Appeared in VCCircle on 29th November 2012
The mortgage company, which focuses on low-income families in India, raised around $2m from Elevar Equity and Helion around 2 years ago.
Social…
MYA builds a farm-to-retail venture
Appeared in Times Of India on 7th Nov 2012
Harsha Moily keeps a low profile. Quite unlike his father, Union petroleum minister Veerappa Moily.
But what Harsha Moily has achieved…
SKS raises Rs.200 cr via securitisation
Appeared in The Hindu on 7th Nov 2012
SKS Microfinance has announced microfinance securitisation of Rs.200 crore.
The announcement comes in the light of issuance of revised securitisation guidelines by…
DGM RBI mentions Vistaar in a paper on SME financing
Appeared in Skoch.org on October 2012
Cash Flow Based Lending – An illustration of Vistaar Finance
The inability of MSME entrepreneurs in providing adequate and satisfactory collateral has proven a…
Doctor at Heart – Dr. Sabahat
Appeared in TimesOfIndia on 31st October 2012
Dr Sabahat Azim never wanted to become a doctor. He donned the white apron under family pressure but it wasn’t long before he…
Ujjivan raises Rs 47 cr from IFC, FMO
Appeared in Business Standard on 18th September 2012.
Ujjivan raises Rs 47 cr from IFC, FMO
In January, Ujjivan had raised Rs 127.9 crore
Microfinance firm Ujjivan Financial Services today…
The Transit Shelter – Aarusha Homes is doing its bit to provide affordable accommodation
Appeared in Outlook India on 1st of September 2012.
Serendipity has its own role to play in all walks of life. When V Satyanarayana along with Dyan Belliappa, his…
Ujjivan ranks 2nd in Financial Services industry in “Best Companies to Work for” survey
Ujjivan ranks 2nd in Financial Services industry in “Best Companies to Work for” survey
Among India’s top 25 Best Companies and ranking 3rd in leadership development
Ujjivan ranks 2nd in…
Small enterprise financing firm Vistaar raises $7.2M from Lok Capital, Omidyar, Elevar & SVB
Appeared in VCCircle on 1st of August 2012
BY NANDANA DAS
Lok Capital and Omidyar’s first investment in the small enterprise financing segment.
Bangalore-based Vistaar Financial Services Pvt Ltd, a small…
17JulSKS Microfinance raises Rs 263 crore through QIP, preferential allotment
Appeared in Times Of India on 17th July 2012
SKS Microfinance today raised Rs 263.5 crore though preferential allotment and qualified institutional placement.
The micro finance company raised Rs 230…
IFMR Capital concludes its first securitisation transaction in the SME Finance space with Vistaar Finance
Appeared in IFMR’s blog on the 7th of July 2012
By Bhagirath Iyer & Avishek Gupta, IFMR Capital
IFMR Capital strives to build small business loans as a mainstream asset class…
Ujjivan receives “Microfinance Organisation of the Year” award
Ujjivan received the prestigious ‘Microfinance Organisation of the year’ award in the large institutions category at a special function organised at the Microfinance India Summit in Delhi.
Speaking on achieving…
Ujjivan raises $25 million in equity financing
Appeared in the Economic Times on the 1st of February 2012
BANGALORE: Ujjivan Financial Services raised Rs 127.9 crore ($25 million) in its fifth round of equity financing, the Bangalore-based…
Ujjivan Financial Services Ranked No.1 among the ‘Best Companies to Work for in India’ in the Microfinance Industry
Originally appeared in the Business Standard on June 24, 2011
Bangalore, India: Ujjivan Financial Services, a leading microfinance institution ranked Number 1 for the second time, as the Best Company…
Glodyne Technoserve to acquire Comat
Appeared on the India Infoline News Service, on Jun 10, 2011
The shares of Glodyne Technoserve are trading at Rs. 405, up Rs. 5 or 1.4% over the previous close.…
Microfinance learns the hard way
Ujjivan’s success underlines dos and don’ts
Appeared in the Business Standard, on June 1st, 2011. Written by Subir Roy.
At a time when the sector is faced with a crisis…
Madura Micro Finance gets Rs 22cr from Unitus Equity Fund
Originally published on MoneyControl.com on Saturday, the 11th of October, 2008
Madura Micro Finance Limited (MMFL), a leading Indian Microfinance Institution (MFI), has received a funding of Rs 22 Crores…
Comat raises Rs 60 crore from Omidyar and Unitus
Originally appeared in the Business Standard, on the 29th of September, 2008
Comat Technologies, which operates a network of rural business centres, has announced it has received an investment of…
MokshaYug Access announces $2 mn funding
The company will build a supply chain and infrastructure for dairy farming and healthcare centres and create market linkages between rural community and upstream players.
Originally appeared in The Mint…
SKS Microfinance raises Rs 147cr in 3rd round funding
Originally appeared in Moneycontrol.com on the 4th of February, 2008
SKS Microfinance Pvt. Ltd ., one of the fastest growing microfinance company in the world, has announced the successful closure…
Funding the poor man’s dreams
Originally appeared in Outlook Business, on the 3rd of November, 2007
In its second phase of growth, Indian micro-finance institutions are trying to reach out to the urban poor
Sales…
Metro microfinance pioneers
Originally appeared in The Economic Times, on the 21st of June, 2007
With a few prominent exceptions (including SEWA in Ahmedabad) microfinance institutions in India have targeted the rural poor.…
SKS makes Microfinancing easier
Originally appeared in IBN Live on the 19th of June, 2007
Six lakh women borrowers spread across more than 7, 000 villages in 11 states of India have Vikram Akula’s…
Suddenly, it is sexy to fund the poor
Originally appeared in The Times of India, on the 7th of April, 2007
In my early days, I was eager to learn and to do things, and therefore I learned…
Bangalore reaches out to its urban poor
Originally appeared in IBNLive.com on Nov 09, 2006
Ujjivan Chief Executive, Samit Ghosh is of the opinion that when you give money to a woman, the majority of it will be…
Unitus Equity Fund Makes $1 Million Investment in Microfinance Institution Credex
Originally appeared in the Microcapital Monitor on September 12, 2006
The Unitus Equity Fund invested $1 million in Credex. The for-profit microfinance institution began in 2002 as a financial services provider…