In late 2009 , CRISIL which is India’s leading ratings, research and risk advisory company released it’s list of top 50 microfinance institutions in India. The report titled India’s Top 50 Microfinance Institutions presents an overview of leading players in India’s microfinance institution (MFI) space.
This is the first inagural issue and includes additional commentary analysing the key strengths and challenges of different microfinance players in the sector. The publication is part of CRISIL’s enabling role in the structured evolution of the MFI sector in India.
CRISIL launched MFI grading as early as in 2002 and has since then become the world’s first mainstream rating agency to develop a separate methodology and scale to assess MFIs. Currently CRISIL has assessed more than 140 MFIs, and is currently the most preferred rating agency in the Indian microfinance space.
In light of SKS Microfinance’s proposed IPO in the coming days the CRISIL report is presented below for the benefit of the readers of this blog. Market sources reveal that some of these microfinance institutions which figure in the top 50 are in talks with merchant bankers and investors to tap the primary markets and want to gauge the response to SKS Microfinance’s IPO before they fast track their own listing plans.
Download CRISIL – Top 50 Microfinance Institutions in India