Creditaccess Grameen Limited

Provides microfinance services and collateral-free loans to low-income women through joint liability groups.

1991 | Bangaluru, Karnataka (India) | Active
Last Updated:

Creditaccess Grameen Profile

Key Indicators

  • Authorised Capital ₹ 170.00 Cr
  • Paid Up Capital ₹ 159.38 Cr
  • Company Age 33 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 34,788.19 Cr
  • Satisfied Charges ₹ 32,587.57 Cr
  • Revenue Growth 45.68%
  • Profit Growth 75.05%
  • Ebitda 57.20%
  • Net Worth 28.65%
  • Total Assets 31.97%

About Creditaccess Grameen

Creditaccess Grameen Limited (CGL) is a leading Public Limited Indian Non-Government Company incorporated in India on 12 June 1991 and has a history of 33 years and nine months. Its registered office is in Bangaluru, Karnataka, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 541770 and on the National Stock Exchange(NSE) under CREDITACC.

The Corporate was formerly known as Sanni Collection Pvt Ltd. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 170.00 Cr and a paid-up capital of Rs 159.38 Cr.

The company currently has active open charges totaling ₹34,788.19 Cr. The company has closed loans amounting to ₹32,587.57 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Creditaccess Grameen Limited India are Mahadev Prakash as Company Secretary, Nilesh Dalvi as Cfo, and Ganesh Narayanan as Ceo. George Joseph, Paolo Brichetti, Lilian Paul, and Five other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L51216KA1991PLC053425

  • Company No.

    053425

  • Stock Symbol

    BSE : 541770 NSE : CREDITACC

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    12 Jun 1991

  • Date of AGM

    12 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at Creditaccess Grameen?

Executive Team (4)

NameDesignationAppointment DateStatus
Mahadev Prakash Country flag representing In Company Secretary22-Jan-2020Current
Udaya Hebbar Country flag representing In Managing Director15-Jul-2015Current
Nilesh Dalvi CFO26-Sep-2024Current
Ganesh Narayanan CEO04-Aug-2023Current

Board Members (7)

NameDesignationAppointment DateStatus
Paolo Brichetti Country flag representing It Director 21-Oct-2022Current
Manoj Kumar Country flag representing In Director 30-Oct-2019Current
Lilian Paul Country flag representing In Director 16-Sep-2020Current
George Joseph Country flag representing In Director 09-Sep-2015Current
Sumit Kumar Country flag representing In Nominee Director 16-Aug-2016Current
Massimo Vita Country flag representing It Nominee Director 25-Jul-2017Current

Financial Performance of Creditaccess Grameen.

Creditaccess Grameen Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 45.68% increase. The company also saw a substantial improvement in profitability, with a 75.05% increase in profit. The company's net worth Soared by an impressive increase of 28.65%.

Creditaccess Grameen revenue growth over time
Creditaccess Grameen profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
45.68%
Revenue from Operations
45.74%
Total Assets
31.97%
Profit or Loss
75.05%
Net Worth
28.65%
EBITDA
57.20%

What is the Ownership and Shareholding Structure of Creditaccess Grameen?

In 2024, Creditaccess Grameen had a promoter holding of 66.58% and a public holding of 33.41%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹34,788.19 Cr

Satisfied Charges

₹32,587.57 Cr

Charges Breakdown by Lending Institutions

  • Others : 21895.49 Cr
  • Axis Bank Limited : 2150.00 Cr
  • State Bank Of India : 2000.00 Cr
  • Sidbi : 2000.00 Cr
  • Hdfc Bank Limited : 1950.00 Cr
  • Others : 4792.70 Cr

Latest Charge Details

DateLenderAmountStatus
17 Feb 2025Others₹80.00 CrOpen
11 Feb 2025Others₹200.00 CrOpen
11 Feb 2025Others₹100.00 CrOpen
11 Feb 2025Others₹100.00 CrOpen
30 Jan 2025Others₹150.00 CrOpen

How Many Employees Work at Creditaccess Grameen?

Creditaccess Grameen has a workforce of 19395 employees as of Mar 10, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Creditaccess Grameen Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Creditaccess Grameen, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Creditaccess Grameen's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Creditaccess Grameen

Recent activity within the organization

  • Charges

    A charge registered on 28 Mar 2022 via Charge ID 100551331 with Sidbi was fully satisfied on 27 Feb 2025.

  • Charges

    A charge with Others amounted to Rs. 80.00 Cr with Charge ID 101051111 was registered on 17 Feb 2025.

  • Charges

    A charge with Others of Rs. 222.40 Cr registered on 30 Oct 2024 with Charge ID 101000628 was modified on 14 Feb 2025.

  • Charges

    A charge with Others of Rs. 303.24 Cr registered on 06 Feb 2023 with Charge ID 100672003 was modified on 14 Feb 2025.

  • Charges

    A charge registered on 29 Oct 2022 via Charge ID 100626978 with Axis Bank Limited was fully satisfied on 12 Feb 2025.

  • Charges

    A charge registered on 21 Jul 2022 via Charge ID 100601153 with Axis Bank Limited was fully satisfied on 12 Feb 2025.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Creditaccess Grameen Limited?

    Creditaccess Grameen Limited was incorporated on 12 Jun 1991.

  • What is authorized share capital and paid-up capital of Creditaccess Grameen Limited?

    The authorized share capital of Creditaccess Grameen Limited is ₹ 170.00 Cr and paid-up capital is ₹ 159.38 Cr.

  • Who are the current board members & directors of Creditaccess Grameen Limited?

    Currently 11 directors are associated with Creditaccess Grameen Limited.

    • George Joseph
    • Paolo Brichetti
    • Lilian Jessie Paul
    • Manoj Kumar
    • Udaya Kumar Hebbar
    • Sumit Kumar
    • Massimo Vita
    • Rekha Gopal Warriar
    • Mahadev Prakash
    • Nilesh Shrikrishna Dalvi
    • Ganesh Narayanan

  • What is the registered address of Creditaccess Grameen Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Creditaccess Grameen Limited is New No.49(Oldno725) 46Th Cross 8Th Block Jayanagar (Next To Rajalakshmi Kalyana Mantapa), India, Bangalore South, Karnataka, 560070.

  • What is the corporate identification number (CIN) and company number of Creditaccess Grameen Limited?

    The corporate identification number (CIN) of Creditaccess Grameen Limited is L51216KA1991PLC053425 and the company number is 053425 as per Ministry of Corporate Affairs (MCA).

  • Is Creditaccess Grameen Limited registered with any stock exchange in India?

    Yes, Creditaccess Grameen Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): CREDITACC.

  • What is the official website of Creditaccess Grameen Limited?

    The Official website of Creditaccess Grameen Limited is https://www.creditaccessgrameen.in

  • What has been the recent revenue trend for Creditaccess Grameen Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for Creditaccess Grameen Limited has risen by 45.68%.

  • How many employees does Creditaccess Grameen Limited currently have?

    As Per 2024 financial reports, 19395 employees are currently employed by Creditaccess Grameen Limited.

  • What change has been observed in the net worth of Creditaccess Grameen Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Creditaccess Grameen Limited has experienced an upsurge of 28.65%.

  • What are the total open charges for Creditaccess Grameen Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for Creditaccess Grameen Limited amount to ₹ 34,788.19 Cr.

  • When was the last Balance Sheet of Creditaccess Grameen Limited filed with the ROC?

    The most recent Balance Sheet for Creditaccess Grameen Limited was filed with the ROC on 31 Mar 2024.

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