CreditAccess Grameen Ltd
Fortune 500 2025
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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
Website: www.creditaccessgrameen.in
Featured In Fortune India Ranking
Fortune 500 India
#411(2025)
#409(2024)
#497(2023)
#442(2021)
#411(2025)#409(2024)#497(2023)#442(2021)
Next 500 India
#4(2023)#35(2021)#199(2020)#311(2019)
#4(2023)#35(2021)#199(2020)#311(2019)
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
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 1738 | 1216 | 987 | 933 | 582 | 417 | 354 | 317 | 208 | 129 | 72 | 42 | 30 | 0 | 0 | 17 |
| Cash & Bank Balance (INR Cr) | 1314 | 1436 | 1761 | 2484 | 718 | 616 | 143 | 364 | 255 | 280 | 325 | 91 | 17 | 61 | 59 | 24 |
| Total Debt (INR Cr) | 21841 | 16312 | 12921 | 10941 | 9540 | 4867 | 3623 | 2668 | 2233 | 1291 | 805 | 389 | 247 | 226 | 246 | 189 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |