Janalakshmi Financial Services raises Rs 325 Crores

Janalakshmi Financial Services announced last week that it had raised Rs 325 Crores in Series D Primary Equity from a group of institutional investors. This is the largest transaction in the history of the Indian Microfinance Sector since the Andhra Pradesh Microfinance Crisis in 2010. Before this capital infusion, Janalakshmi Financial Services had raised around Rs … Continue reading “Janalakshmi Financial Services raises Rs 325 Crores”

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 … Continue reading “Janalakshmi Financial Services”

Top Microfinance Companies in India 2014 – 2015 List

After a gap of more than five years, CRISIL – India’s leading agency for microfinance ratings has released it’s updated list of the top microfinance companies in India titled “India’s 25 Leading MFI’s“ for the years 2014 – 2015. The previous ranking of Microfinance Institutions was released in 2009 and was titled India’s Top 50 Microfinance Institutions. CRISIL has been … Continue reading “Top Microfinance Companies in India 2014 – 2015 List”

Investor interest returning to Indian Microfinance Sector

Intellecap has closed the largest private equity transaction for a MFI in 2011 and predicts a healthy trend for the Indian microfinance  sector. Intellecap announced this week  that it had successfully closed the largest private equity deal in the Indian Microfinance space in 2011, by raising INR 135 crore from International Finance Corporation (IFC) for … Continue reading “Investor interest returning to Indian Microfinance Sector”

Janalakshmi Financial Services planning to raise Rs 200 Crore Private Equity

Janalakshmi Financial Services which has been founded by former Citibank banker Ramesh Ramanathan plans to raise more than Rs 200 crore in private equity funding in the near term, a source familiar with the development revealed. Unlike most other microfinance companies that are focused on rural areas, Janalakshmi Financial Services is an urban microfinance institution … Continue reading “Janalakshmi Financial Services planning to raise Rs 200 Crore Private Equity”

Wipro implements CRM Solution for Janalakshmi Financial Services

Wipro Technologies, yesterday announced that the implementation of a CRM solution, for Janalakshmi Financial Services. This implementation uses a leading public cloud CRM application. Wipro has already completed the successful implementation of the core loan origination process at Janalakshmi more than a year ago. Janalakshmi Financial Services Wipro’s two year association with Janalakshmi is set to … Continue reading “Wipro implements CRM Solution for Janalakshmi Financial Services”

IFMR Capital concludes Janalakshmi Loan Securitisation

IFMR Capital has closed its seventh securitisation transaction with Janalakshmi Financial Services. The latest transaction was closed on August 18th. Delta Pioneer IFMR Capital 2010, is with Bengaluru based microfinance institution (MFI) Janalakshmi Financial Services. With this INR 250 million transaction, IFMR Capital brings a new class of investors into its fold-NBFCs. This takes the … Continue reading “IFMR Capital concludes Janalakshmi Loan Securitisation”