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CreditAccess Grameen Ltd (CreditAccess) is a financial services provider. The company's products include microfinance- group lending, retail finance, digital lending (pilot), distributor products, among others. Microfinance- group lending products include income generation loan, home improvement loan, family welfare loan, emergency loan. Retail finance products include grameen vikas loan, grameen two-wheeler loan, gruha vikas loan, grameen swarna loan, unnati loan, grameen affordable housing loan (pilot). Digital lending products include pragathi digital loan, multi-purpose digital loan. Distributor products include grameen suraksha, life insurance, nps – swavalamban. CreditAccess is headquartered in Bengaluru, Karnataka, India.
Headquarters
India
Address
49, 46th Cross, 8th Block, TMC Layout, 1st Phase, Jayanagar, Bangalore, Karnataka, 560070
Website
www.creditaccessgrameen.in
Telephone
91 80 22637300
No of Employees
16,759
Industry
Financial Services
Ticker Symbol & Exchange
CREDITACC (NSE)
Revenue (2023)
$444.4M
45.8%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
75%
(2023 vs 2022)
Market Cap*
$2.7B
Net Profit Margin (2023)
XYZ
20.1%
(2023 vs 2022)
* As of and is in US$
Products and Services
| Products |
|---|
| Microfinance- Group Lending: |
| Income Generation Loan |
| Home Improvement Loan |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Financing Agreements | In June, the company signed a US$200 million external commercial borrowing deal with foreign banks and overseas branches of Indian banks. |
| 2022 | Stake Sale | In December, CreditAccess India sold a stake to Intesa Sanpaolo. |
| 2022 | Others | In November, the company unveiled non-convertible debentures of the face value of INR1,000 each. |
Competitor Comparison
| Key Parameters | CreditAccess Grameen Ltd | Bajaj Finance Ltd | Mahindra & Mahindra Financial Services Ltd | Spandana Sphoorty Financial Ltd | Satin Creditcare Network Limited |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Bangalore | Pune | Mumbai | Hyderabad | Gurgaon |
| State/Province | Karnataka | Maharashtra | Maharashtra | Telangana | Haryana |
| No. of Employees | 16,759 | 43,147 | 26,329 | 9,674 | 9,222 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ganesh Narayanan | Chief Executive Officer | Senior Management | 2020 | 47 |
| Balakrishna Kamath | Chief Financial Officer | Senior Management | 2020 | 53 |
| Sudesh Puthran | Chief Technology Officer | Senior Management | 2020 | 53 |
| Firoz Anam | Chief Risk Officer | Senior Management | 2020 | 45 |
| M. J. Mahadev Prakash | Chief Compliance Officer; Secretary | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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