CreditAccess Grameen Ltd

CreditAccess Grameen Ltd

Fortune 500 2024
+ 6 More
+ 6 More
OVERVIEW
FINANCIALS

About

CreditAccess Grameen Limited is a non-banking financial company (NBFC) headquartered in Bangalore. The company was formerly known as Grameen Koota Financial Service Private Limited and continues to operate under the brand name Grameen Koota. What started as an NGO is now the largest NBFC micro-financial institution (MFI) in India today. CreditAccess provides microfinance through group lending, retail finance, digital lending, and distributor products. These services are targeted at women in rural areas across 16 states in India and one union territory (Puducherry) with the help of 2,059 branches. The company’s other clients generally include women running retail shops, small-scale traders, and family farmers.

Incorporation Year: 1991
Headquarters: Bangalore
Top Management: Udaya Kumar/Ganesh Narayanan
Industry: BFSI

Featured In Fortune India Ranking

Fortune 500 India
#409(2024)
#497(2023)
#442(2021)
#409(2024)#497(2023)#442(2021)
Ranking Trend Fortune 500 India
Next 500 India
#4(2023)#35(2021)#199(2020)#311(2019)
#4(2023)#35(2021)#199(2020)#311(2019)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
5,173
(INR Cr)
Net Operating Income
5,119
(INR Cr)
Assets
28,411
(INR Cr)
Profit
1,446
(INR Cr)
Net Worth
6,570
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Revenue
(INR Cr)
5173
45.7%
3551
29.1%
2750
11.5%
2466
44.6%
1705
32.9%
1283
47.3%
872
22.9%
709
52.0%
467
65.8%
281
90.4%
148
65.7%
89
43.5%
62
-24.5%
82
65.4%
50
46.2%
34
-
Net Operating Income
(INR Cr)
5119
46.80%
3487
30.67%
2669
8.44%
2461
44.40%
1704
32.91%
1282
0.00%
871
22.93%
708
52.47%
464
66.96%
278
90.51%
146
66.59%
88
41.76%
62
-24.90%
82
65.39%
50
47.41%
34
255.10%
Profit
(INR Cr)
1446
75.0%
826
134.0%
353
163.5%
134
-59.8%
334
3.7%
322
51.4%
212
164.6%
80
-3.5%
83
70.8%
49
193.0%
17
110.0%
8
-
-3
-
4
273.4%
1
95.8%
0
-
Assets
(INR Cr)
28411
32.6%
21419
25.4%
17088
15.9%
14738
19.0%
12383
71.2%
7232
42.6%
5072
49.6%
3390
25.4%
2704
61.9%
1670
64.5%
1015
101.3%
504
69.0%
299
6.7%
280
-5.6%
296
40.4%
211
-
Net Worth
(INR Cr)
6570
28.7%
5107
22.6%
4167
12.9%
3692
35.0%
2734
15.6%
2365
0.0%
1437
108.1%
691
50.2%
460
22.2%
376
81.6%
207
87.4%
111
117.6%
51
-5.4%
54
7.0%
50
130.5%
22
29.6%
Employee Cost
(INR Cr)
669
29.9%
515
17.7%
438
15.2%
380
45.0%
262
40.9%
186
42.6%
130
24.6%
105
48.1%
71
61.9%
44
49.2%
29
30.3%
22
3.0%
22
-
0
-
0
-
7
-
Interest Cost
(INR Cr)
173812169879335824173543172081297242300017
Cash & Bank Balance
(INR Cr)
13141436176124847186161433642552803259117615924
Total Debt
(INR Cr)
21841163121292110941954048673623266822331291805389247226246189

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
Profit As % Of Revenues 28.0%23.3%12.8%5.4%19.6%25.1%24.4%11.3%17.8%17.3%11.3%8.9%-4.3%1.9%1.4%
Profit As % Of Assets 5.1%3.9%2.1%0.9%2.7%4.5%4.2%2.4%3.1%2.9%1.6%1.6%-1.3%0.3%0.2%
Profit As % Of Networth 22.0%16.2%8.5%3.6%12.2%13.6%14.8%11.6%18.1%13.0%8.0%7.2%-6.5%1.9%2.2%
Interest Cost to EBITDA % ----------------
Debt to Equity Ratio ----------------
RONW 24.8%17.8%9.0%4.1%13.2%13.6%20.0%14.0%19.9%16.7%10.5%7.2%-6.8%2.4%2.5%
ROCE 14.8%12.1%9.3%8.3%10.7%12.7%16.1%14.5%15.5%15.2%12.8%9.8%9.9%1.3%0.8%12.0%