CreditAccess Grameen Limited (“CA Grameen”) is a leading Indian micro-finance institution headquartered in Bengaluru, focused on providing joint liability group loans and micro-loans primarily to women customers predominantly in rural areas in India. According to MicroFinance Institutions Network, India, CA Grameen was the largest NBFC- MFI in India in terms of the gross loan portfolio as of March 2022.ii. As of September 30, 2022, CA Grameen had presence in 333 districts in the 14 states (Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu, Kerala, Odisha, Chhattisgarh, Goa, Bihar, Jharkhand, Gujarat, Rajasthan, Uttar Pradesh and West Bengal) and one union territory (Puducherry) in India through 1,684 branches and 16,018 employees, serving an active consolidated customer base of 38.0 lakhs, as of September 30, 2022.iii. CA Grameen’s Gross AUM (consolidated) was Rs. 16,539.11 crore as of September 30, 2022.iv. CA Grameen offers a diverse suite of lending products that cater to the critical needs of the customers throughout their life cycle and includes income generation, health care, education, festival celebration, home improvement, water, and sanitation. CA Grameen focuses predominantly on customers in rural areas in India, who largely lack access to the formal banking sector and present a latent opportunity for offering micro- loans.vii. CA Grameen’s consolidated operations are well-diversified at the district level, with no single district contributing more than 4% to their consolidated Gross AUM as of September 30, 2022. Further, out of a total of 333 districts where the company had branches as of September 30, 2022, around 92% of these districts individually represent less than 1% of the Company’s consolidated Gross AUM.
The NCDs proposed to be issued under the Issue have been rated IND AA-/Stable for an amount of Rs. 1,500 crores by India Ratings vide their rating letter dated August 04, 2022 and further revalidated vide letter dated September 8, 2022.
i. Customer-centric business model resulting in high customer retention.
ii. Deep penetration in Rural areas built through calibrated, contiguous district based expansion
iii. Robust customer selection and risk management policies resulting in healthy asset quality
iv. Strong track record of financial performance and operating efficiency
v. Professional management team with extensive domain experience
4.CreditAccess Grameen NCD 2023 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Website:Website: Website: Website:Website: https://kosmic.kfintech.com/ipostatus/