About BSS Microfinance
BSS Microfinance is a company based in Bengaluru (India) founded in 1999 was acquired by Kotak Mahindra Bank in September 2016.. The company has 7,267 employees as of April 07, 2024. BSS Microfinance offers products and services including Micro Loan, Secured Business Loan, and Insurance. BSS Microfinance operates in a competitive market with competitors including ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
- Headquarter Bengaluru, India
- Employees 7267 as on 07 Apr, 2024
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Bss Microfinance Limited
- Date of Incorporation 05 Apr, 1994
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$115.64 M (USD)72.51as on Mar 31, 2024
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Net Profit
$47.36 M (USD)42.48as on Mar 31, 2024
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EBITDA
$57.27 M (USD)38.18as on Mar 31, 2024
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Latest Funding Round
- Investors
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Employee Count
7267
as on Apr 07, 2024
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Acquired by
Kotak Mahindra Bank
(Sep 30, 2016)
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Products & Services of BSS Microfinance
BSS Microfinance offers a comprehensive portfolio of products and services, including Micro Loan, Secured Business Loan, and Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides small loans to individuals for business and personal needs.
Offers loans secured against assets for business expansion.
Delivers insurance options to mitigate risks for borrowers.
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Funding Insights of BSS Microfinance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BSS Microfinance
BSS Microfinance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Kotak Mahindra Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are offered to corporate and retail customers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BSS Microfinance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BSS Microfinance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bss Microfinance Comparisons
Competitors of BSS Microfinance
BSS Microfinance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Microfinance banking services are offered in India by ESAF.
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| domain | founded_year | HQ Location |
Micro loans for businesses are offered by this NBFC.
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| domain | founded_year | HQ Location |
Micro-finance bank
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| domain | founded_year | HQ Location |
Provider of micro-credit & insurance for low income income individuals and women
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| domain | founded_year | HQ Location |
Microcredit services are provided to rural women for financial inclusion.
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| domain | founded_year | HQ Location |
Micro-credit financing is provided to low-income individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bss Microfinance
Frequently Asked Questions about BSS Microfinance
When was BSS Microfinance founded?
BSS Microfinance was founded in 1999.
Where is BSS Microfinance located?
BSS Microfinance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
How many employees does BSS Microfinance have?
As of Apr 07, 2024, the latest employee count at BSS Microfinance is 7,267.
What is the annual revenue of BSS Microfinance?
Annual revenue of BSS Microfinance is $115.64M as on Mar 31, 2024.
What does BSS Microfinance do?
BSS Microfinance was founded in 1999 and is based in Bengaluru, India. Operations are conducted in the microfinance sector, where small-scale loans are disbursed to low-income individuals and businesses. Services focus on credit access for underserved groups, with activities centered in the Indian financial landscape. The domain bssmfi.com supports online information and outreach efforts.
Who are the top competitors of BSS Microfinance?
BSS Microfinance's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
What products or services does BSS Microfinance offer?
BSS Microfinance offers Micro Loan, Secured Business Loan, and Insurance.
Who are BSS Microfinance's investors?
BSS Microfinance has 1 investor. Key investors include Kotak Mahindra Bank.
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