Microfinance

Janalakshmi Financial Services

Janalakshmi Financial Services Pvt Ltd (Janalakshmi) commenced microfinance operations in April 2008 by taking over the portfolio of Janalakshmi Social Services (JSS), a not-for-profit company promoted by Mr. Ramesh Ramanathan. JSS had earlier acquired the urban microfinance programme of Sanghamithra Rural Financial Services and started its own microfinance programme in July 2006. Janalakshmi provides microfinance services to the urban poor.

janalakshmi financial services

 

Janalakshmi Financial Services

 

Apart from microfinance (94 per cent of the total loan portfolio as on March 31, 2013), the company also offers other loan products such as enterprise loans, housing loans, and individual loans. As on September 30, 2013, Janalakshmi had a network of 101 branches, with outstanding loans of Rs.1,409 crore. The company operates in 11 states, with Karnataka and Tamil Nadu together accounting for 53 per cent of its loan portfolio as on March 31, 2013 (65 per cent as on March 31, 2012).

Performance on key parameters

  • Janalakshmi is the fastest growing large MFI. Its portfolio outstanding and borrower base have grown at a CAGR of 140 and 104 per cent respectively during the 3 years ended March 31, 2013
  • Has sound processes and systems. The 30+ days past due was low at around 0.3 per cent as on September 30, 2013. However, ability to replicate processes in new geographies and maintain asset quality over the medium term is critical
  • Dependence on wholesale funding from banks/ financial institutions is high at around 85 per cent as on September 30, 2013; has relationship with 30 lenders and raises funds from securitisation regularly
  • Capitalisation remains healthy. Raised capital of Rs.325 crore (Rs.222 crore of equity capital, Rs.60 crore of compulsorily convertible preference shares, and Rs.42 crore of compulsorily convertible debentures) in August 2013
  • Reported a net profit of Rs.19.2 crore during the half-year ended September 30, 2013, as against net profit of Rs.3.5 crore in the corresponding period of the previous year. Ability to control operating expenses and credit costs while pursuing aggressive growth is critical and will determine earnings profile over the medium term

janalakshmi financial services

23 Comments

23 Comments

  1. R.K.Mossang Memorial Society

    August 28, 2014 at 12:43 pm

    Greetings from R.K.Mossang Memorial Society, Changlang dist. Arunachal Pradesh.We will be grateful, if the detail is mailed enabling us to make poor tribal people aware about it

  2. Aniiethaa Mathew

    September 20, 2015 at 1:29 pm

    I am aware about Ujjivan Financial,I am a part of it ,It is really a big help for the poor,all you need to do is be honest and pay the EMI’s on time.

  3. Vinay kumar vishwakarma

    September 30, 2015 at 11:22 pm

    Mujhe finance company me job karni hai please call me 7745925293

  4. Debabrata Panja

    October 12, 2015 at 10:23 pm

    with reference to your web site I beg to offer my self as a candidate for the post a financial department.

  5. Lalitkumarmunna

    October 14, 2015 at 2:02 pm

    Kaya cash loan mil sakta hai

  6. Abhishek

    October 24, 2015 at 10:22 pm

    Sir please say about janalaxmi

  7. Satendra kori

    November 7, 2015 at 11:59 pm

    Janlaxmi is a micro financial company and coming soon Banking system……Right sir????

  8. Make Money Online

    Make Money Online

    November 8, 2015 at 10:16 am

    Yes, you are right. They have got a banking license and might come out with an IPO within the next one year.

  9. Pradeep nayak

    November 21, 2015 at 11:24 pm

    Sir I am interested work with janalakshmi mfi

  10. swapan biswas

    November 27, 2015 at 12:04 pm

    Sir I am interested work with janalakshmi mfi…MY Knowledge 3year MFI(Runing)

  11. Raman sharma

    December 2, 2015 at 9:35 am

    Dear. Concern
    I want job in MFI I have 4years experience in finance sector
    Kindled consider that

  12. PANKAJ KUMAR JHA

    December 11, 2015 at 12:12 pm

    Wants to start mfi in mithilanchal . Please help me .

  13. Lokanath meher

    December 13, 2015 at 9:18 am

    Myself Lokanath meher, I am interested to join Janalaxmi finance, I have five years experience in mfi. Now I am working in mahashakti foundation as a BM. Bargarh

  14. virendra singh bhati

    December 14, 2015 at 2:47 pm

    virendra singh bhati
    i am interested to join janalaxmi finance.
    me janalaxmi finance ki branch kholna chahta hu chittorgarh rajsthan

  15. virendra singh bhati

    December 14, 2015 at 2:49 pm

    virendra singh bhati
    i am interested to join janalaxmi finance.
    me janalaxmi finance ki branch kholna chahta hu chittorgarh rajsthan mobile =8290711222

  16. R.ALAGU

    December 19, 2015 at 2:23 pm

    i am interested to join janalakshmi finance I am interested to join Janalaxmi finance, I have six years experience in mfi. Now I am working in Repco micro finance Ltd.Theni Branch,Tamilnadu.mobile no :87606 45139

  17. Babasaheb ile

    March 3, 2016 at 2:11 pm

    Respected Sir,

    I am Babasaheb Ile From Sangamner, Dist- Ahmednagar. I have completed my graduation in B.Sc. Agriculture and also i have completed Post Graduate Diploma In Agri Business Management from GICED,Mumbai.Recently I am working in Ritika Research Labs Pvt.Ltd.Mumbai for Ahmednagar District area as a Technical Sales Executive.

    Kindly refer me for any vacancies in your organization.

    Kindly find the attachment. Looking for your positive response.

    Thanks and regards
    contact:- 9405422560

  18. RAMANI RANJAN CHAND

    April 15, 2016 at 11:56 am

    Myself Ramani Ranjan chand I am interested to join Janalaxmi finance, I have six years experience in mfi. Now I am working in L&T Finace as a BM.

  19. sanju choudhury

    April 25, 2016 at 12:15 pm

    Is there any branch available in assam of jana bank

  20. harsh patel

    April 28, 2016 at 6:21 pm

    i am very intrested janalakshmi financial service joining i am wait for interview

  21. Gopal P Sah

    May 18, 2016 at 7:01 pm

    Best Wishes janlakshmi Financial services Family

  22. Palash Ghosh

    September 21, 2016 at 7:07 pm

    Palash Ghosh
    i am very intrested janalakshmi financial service joining i am wait for interview

  23. manish rajawat

    October 2, 2016 at 10:03 am

    Dear Team
    I have Ex banker with 5 year experience in sales.
    I want to join with DSA Programme.
    How can it possible.
    Please guide.

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