Top 10 MFI’s in India 2015-16 List released

Update August 2017 : The Bharat Microfinance Report 2016 report can be accessed here. The older version of this report follows below.

The latest rankings of the top MFI’s in India has been released in the Bharat Microfinance Report 2015, the results are based on data made available to Sa-Dhan by MFI’s and are for the financial period of FY2014-15. These rankings can be considered to be valid until October 2016, when fresh rankings of microfinance companies will be released.

Bandhan Financial Services which transformed into a full fledged bank under the name of Bandhan Bank is India’s leading MFI on most parameters. The ranking of top MFI’s in India are given on the basis of their Geographical Spread, Branch Network, Client Outreach, Loan Portfolio and Loans Disbursed.

Top 10 MFI’s in India by Geographical Spread

Ujjivan Financial Services has the largest geographical spread with operations across 24 states compared to 22 states for Bandhan Bank and 19 states for SKS Microfinance.

number of statesTop 10 MFI’s by Branch Network

When it comes to Branch Network, Bandhan Bank has the highest number of branches at 2022 and this is substantially higher than the 1273 branches of SKS Microfinance that comes in a distant second. Only 4 MFI’s in India have a branch network that is greater than 500.

branchesTop 10 Microfinance Companies by Client Network

With it’s extensive branch network Bandhan Bank has been able to ensure maximum client outreach and has the highest client base of 65 Lakhs. SKS Microfinance once again comes a distant second followed closely by SKDRDP which follows the Self Help Group – Bank Linkdage model of microcredit and is based mainly in the state of Karnataka.

mfi outreachTop 10 MFI’s with Loan Portfolio Outstanding

Bandhan Bank is once again the leader followed by SKS Microfinance, Janalakshmi which is an urban focused MFI is placed third with Rs 3774 Crore outstanding.

loan portfolioTop 10 MFI’s disbursing Loans during Financial Year 2014-15

Bandhan Bank disbursed the largest loan amount of Rs 14,989 Crore which is 110% of what SKS Microfinance disbursed during the same year. Ujjivan is in the third place at Rs 4328 Crore disbursed followed closely by Janalakshmi at Rs 4121 Crore.

loans outstandingThese rankings confirm that that Bandhan Bank is now the top microfinance company in India and has largely left most of it’s peers behind on different parameters. Going forward the small finance bank licenses issued to many NBFC-MFI’s will determine how these firms will compete with microfinance companies. More than 20 bank licenses have been issued by RBI over past one year and as these new banks commence operations over the next year, we can expect the competition to hot up. Watch this space for more updates!

Amrit Patel

Author : 

Dr Amrit R. Patel is the Retired Deputy General Manager, Bank of Baroda, Mumbai and a consultant in Financial Services. He has published over 400 papers on agriculture, rural development, rural banking and microfinance in leading media outlets.

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  1. Kamlesh kumai

    November 6, 2015 at 11:36 am

    Mera nam Kamlesh kumari hai main loan Lena chahti hoo mera khata pradhan mantri Jan Chan yojna me ankit hai .

  2. Hitesh Agarwal

    November 18, 2015 at 4:39 pm

    में कोटा राजस्थान से हितेश अग्रवाल हु।
    में कोटा में किसी भी माइक्रो फाइनेंस कंपनी में काम करना चाहता हु
    ये मेरी हार्दिक इच्छा हे क्योकि मुझे लगता हे की में इस फील्ड में बहुत ही अच्छा काम कर सकता हु
    प्लीज मुझे एक मोका दीजिये
    में कुछ करके दिखाना चाहता हु अपनी लाइफ में
    मुझसे संपर्क करे 9829349446 पर
    या मेल करे या वाट्सअप करे
    प्लीज अगर कोई मेरु हेल्प कर सकता हे तो प्लीज मुझे एक मोका दे।।।

  3. mahendrakumar

    November 28, 2015 at 12:06 pm

    i am mahendra chauhan
    i need to job in finance
    please call me

  4. आनंद सेन

    December 1, 2015 at 1:00 pm

    मेरा नाम आनंद सेन है मै SKS Microfnance मे आठ साल से काम कर रहा हुँ मै दुसरे कम्पनी मे जाना चाहता हुँ

  5. Brajendra kumar

    December 26, 2015 at 10:27 pm

    I am pass out MBA in 2014 from UPTU Lucknow . I want to job in finance or other company. Present working in Eureka Forbes ltd.

  6. Utkarsh

    January 2, 2016 at 12:54 pm

    My name is utkarsh, I have completed in my mba in 2015,and my specialization is marketing, finance, I live in Delhi ncr, any jobs of micofinance please sir contact my number

  7. suhail ahmad

    February 7, 2016 at 7:07 pm

    My name is suhail ahmad. I have 6 year experience in microfinance.I am still working in HDFC Bank.I want to go any microfinance company as a auditer.

  8. Chetan Mahalle

    February 8, 2016 at 8:49 pm

    I belong from Nagpur district. Sir I would like to work in your industry. Because I would expose my leadership as well my potential…..

  9. Sonu Raj

    February 23, 2016 at 4:02 pm

    SKS in one of the best Microfinace company among all these players.

  10. jashvant pagi

    March 9, 2016 at 11:03 pm

    Me Fullerton me4yers se kam kar raha hu me
    Other microfinance me kam Karna chahta hu. Content no8128985186

  11. Jagminder

    April 3, 2016 at 8:55 pm

    Ujjivan is best mfi in India..

  12. Jagminder

    April 3, 2016 at 9:01 pm

    1 year I worked in ICICI bank and last 2 years doing work in ujjivan mfi, Which is the best mfi in India ?

  13. ajay

    April 4, 2016 at 5:39 pm

    Best microfinance company sks

  14. vinayak kadam

    April 9, 2016 at 2:20 am

    Mera name vinayak kadam he main 3 sal se microfinance me job kar hu me dusare company me kam karna chahtachahta hu please give me the one chance ….

  15. Raman Bohra

    April 15, 2016 at 7:02 pm

    I want to make a micro finance company. Please write about condition

  16. Deepak

    April 25, 2016 at 5:12 pm

    Sir I an Deepak. I have 2.5 years experience in marketing.And I m MBA pass out.
    I want to work in micro finance industry.

  17. Pradeep Kumar Pati

    May 13, 2016 at 2:58 am

    Sir,my self Pradeep Kumar Pati, I have already 10 years experience in asmitha microfinance ltd as B.M, now I am working as ARM in axis securities, but I am not happy this job, so please contact me for a post of area manager in MFI sector, 9040818459,

  18. Arjun saini

    June 8, 2016 at 4:27 pm

    Swadhaar best mfi in india

  19. Sourav Mukherhee

    June 15, 2016 at 8:05 pm

    I am sourav Mukherjee . I have total 7 years experience . Four years in microfinance sector

  20. Rashtrapal kamble

    June 19, 2016 at 8:24 pm

    I am currently working in L&T finance from last six year I am working in this field But now I am looking for change so call me if there same requirements and reach me on mo no 8007775184.

  21. Ashok

    June 21, 2016 at 5:33 pm

    I am Ashok Kasbe currently working in spandana sphoorty finance ltd from last seven year. I need a job with Equitas Microfinance.

  22. Ranjit Muduli

    June 29, 2016 at 9:52 pm

    janalaxmi best mfi in india

  23. Manoj kumar

    June 30, 2016 at 7:31 am

    Ujjivan is one of the best

  24. Pradeep

    July 3, 2016 at 10:48 pm

    Utkarsh is one of the best mfi

  25. Manoj gandhi

    July 8, 2016 at 7:44 pm

    I want to join microfinence company as a p.r.o……..

  26. Harshraje ...

    July 9, 2016 at 4:28 pm

    Sabhi dost jo finance mai work karna chahte wo apne najdiki finance office mai jakar interview ke bare mai puchhe…..aapko waha se hi sahayta mil sakti hai….aapka dost

  27. Shital Amitkumar savekar

    July 19, 2016 at 6:16 pm

    Shital Savekar / July 19,2016

    I am shital Savekar. I have 6 months experience of Grameen Koota microfinance. I want to join microfinance company.

  28. Rasel Das

    July 31, 2016 at 4:24 pm

    I am Rasel Das .I have 3 years experience of microfinance,so I want to any top mfi company for my successful career…..

  29. Arjun Mourya

    July 31, 2016 at 9:39 pm

    Arjun Mourya
    Currently i am working in Fusion Microfinance as a ABM since june/2013 to present. If any vacancy as a BM then call me or mail.

  30. Kuldeep kumar

    August 5, 2016 at 12:43 pm

    Namra finance is one best company in india

  31. Sonal

    August 6, 2016 at 2:18 pm

    Please inform me if any job in Micro finance company in operations across india

  32. Harish

    August 9, 2016 at 4:37 pm

    I am from Alwar Rajasthan. I am an agriculture and broiler poultry farmer. I extend my broiler poultry farm. I wants loan for broiler poultry farming. Please give me details all microfinance company finance in Rajasthan.

  33. Gaurav singh parihar

    August 10, 2016 at 12:04 pm

    Hello sir my name is Gaurav singh parihar and i am from indore madhya pradesh .and I want work in microfinance fields. I need a job right now.please give me proper response. Thanks


    August 11, 2016 at 2:21 pm

    I worked in svcl mfi in 2 year’s. Currently I am working in DCL Microfinance as a SRO since MARCH 2015 to present. If any vacancy as a Branch Manager then call me.

  35. Jagadananda Sahoo

    August 13, 2016 at 10:37 pm

    Invite to all Financial organisation for social work in our country . make India,..great india

  36. Vishal Tulshyan

    August 22, 2016 at 12:50 pm

    I want to work with any micro finance company. I have good experience in financial sector. If you have any option for branch manager.

  37. Gadekar Anand

    August 22, 2016 at 6:31 pm

    Dear sir I am interesting MFI job my other company 8.year experience

  38. Ajay kumar saksena

    August 28, 2016 at 4:33 pm

    Dear sir
    My present job Arohan microfinance regularly I want to change this company please help me.


    September 3, 2016 at 2:59 pm

    Sir/ Madam,
    I am seeking job in micro finance sector with my qualification B.Com honours with Accountancy.
    Thank you

  40. arjun kumar

    September 4, 2016 at 12:00 pm

    Dear sir i want to avail a loan facility from microfinance company in bhiwani ..kindly redirect my request to any microfinance company in bhiwani so that they can contact me on my number.

  41. shriram Baghel 9058064740

    September 11, 2016 at 9:07 pm

    सर मेरा नाम श्रीराम बघेल मुझे माइक्रो फाइन्स कंपनी में दस साल का अनुभव है । रिकवरी प्रॉब्लम मै बहुत अनुभव रकता हु । और टारगेट पूरा करना मेरा उद्देश् है फोन -9058064740


    September 20, 2016 at 5:32 pm

    Dear sir/madam
    I am seeking job in microfinance, experience in 10 years, presently working in nbfc kinara capital as a assistant manahet

  43. santosh kumar gupta

    September 29, 2016 at 10:26 am

    Dear sir/madem
    i am seeking job in microfinance, experience in 5 years. utkarsh mfi presently working in annpurna mfi as a branch manager


    October 17, 2016 at 9:57 am

    Ujjiwan Micro Finance and Bharat Financial Inclusion both are the best Micro Finance companies across India. Both are doing very well under different parameters. They are rated best by CRISIL as well. Investment in these companies will give good returns in the years to come. Buy it.

  45. Santosh narukulla

    October 18, 2016 at 7:56 pm

    Dear sir /madam I am santosh arukulla ,I represent from Share Microfin Ltd & i am working since last 12 years, our company is best in mfi in India.

  46. anand kumar.N

    November 4, 2016 at 3:26 pm

    janalakshmi is the best mfi in india

  47. rahul thakur

    November 9, 2016 at 3:09 pm

    Svcl micro fin. Best company

  48. Sanjay Kumar Singh

    December 13, 2016 at 8:28 pm

    SKS Micro Finance Limited Best Company

  49. subrata sarkar

    December 16, 2016 at 6:40 pm

    I have three years exp. in microfinance secto as branch manager.now i want to do job at ujjivan financial services pvt ltd.

  50. Sonyam raj

    April 10, 2017 at 1:44 pm

    Utkarsh micro finance small bank one of the worst bank to work and their employees are also rude to their customers.They have cheated their customers.

  51. Naveen Kumar

    June 25, 2017 at 3:13 pm

    hello sir I am Naveen Kumar, I need money of 10,000, I am working in a pvt company which is not registered and I won’t get any payslips, but salary transactions are done through bank, now can I get loan here with out any payslips, I can provide all my I’d proofs, address proofs, photos, bank statements..etc please tell me can I get loan or not..
    and if their is any other process..

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