News

14Apr

Value lending for MFIs to reduce risk

Originally appeared in Financial Express on 11th April 2014
Tara Thiagarajan, chairman & MD of non-banking finance company-micro finance institution (NBFC-MFI) Madura Microfinance, is trying out a unique experiment. A…

8Nov

Maya Chorengel on Elevar’s Lessons for the Broader Community

Originally appeared on Impact Investing 2.0 on 7th November 2013

by Maya Chorengel - Director, Elevar

The Impact Investor Project provided a valuable opportunity to reflect on our journey after…

24Jun

What makes Ujjivan Financial Services a coveted employer

Originally appeared in Economic Times on 24th June 2013
There are a handful of people who can see the change their work brings to others. UjjivanFinancial Services, one of the…

12Apr

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…

7Apr

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…

1Apr

MokshaYug 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…

7Mar

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…

1Feb

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…

27Jan

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…

22Jan

Glocal 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…

21Jan

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,…

21Jan

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…

22Dec

Glocal 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…

18Dec

Ujjivan 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,…

8Dec

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…

30Nov

Shubham 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…

7Nov

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…

7Nov

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…

31Oct

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…

31Oct

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…

18Sep

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…

30Aug

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…

7Aug

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…

1Aug

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…

17Jul

SKS 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…

7Jul

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…

12Jun

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…

1Feb

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…

24Jun

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…

10Jun

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.…

1Jun

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…

11Oct

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…

29Sep

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…

17Mar

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…

4Feb

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…

3Nov

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…

21Jun

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.…

19Jun

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…

7Apr

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…

9Nov

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…

12Sep

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…