About GVMFL
GVMFL is a company based in Tiruchirappalli (India) founded in 1986 was acquired by IDFC First Bank in July 2016. GVMFL has raised $12.2 million across 4 funding rounds from investors including IDFC First Bank, MicroVest and Elevar Equity. The company has 2 employees. GVMFL operates in a competitive market with competitors including Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Utkarsh Bank and ESAF, among others.
- Headquarter Tiruchirappalli, India
- Employees 2
- SectorsFinancial Services
- Website gvmfl.com
- Social LinkedIn Facebook
- Acquired by IDFC First Bank (Jul 2016)
- Annual Revenue$13.41 (USD)0as on Mar 31, 2020
- Net Profit-$250.84 (USD)49as on Mar 31, 2022
- EBITDA-$250.84 (USD)49as on Mar 31, 2022
- Total Equity Funding$12.2M (USD)
in 4 rounds
- Latest Funding Round$4.25M (USD), Series A
Aug 2020
- InvestorsIDFC First Bank
& 7 more
- Employee Count2
- Acquired byIDFC First Bank
(Jul 2016)
Associated legal entities of GVMFL
GVMFL is associated with 3 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Idfc First Bharat Limited CIN U65929TN2003PLC050856 | Active | 12 May 2003 | Tiruchirappalli, Tamil Nadu | ₹1,008 Cr | 16,860 | 9 | View details |
| Grama Vidiyal Enterprises Private Limited CIN U74900TN2011PTC082576 | Active | 03 Oct 2011 | Tiruchirappalli, Tamil Nadu | ₹1.7 Cr | 2 | 3 | View details |
| Grama Vidiyal Holdings Private Limited CIN U67190TN2011PTC082488 | Strike Off | 26 Sep 2011 | Tiruchirappalli, Tamil Nadu | – | – | 3 | View details |
Funding Insights of GVMFL
GVMFL has successfully raised a total of $12.2M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.25 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $12.2M
- Total Rounds 4
- Last Round Series A — $4.25M
- First Round $3.7M
(Feb 2008)
- Investors Count 7
All 4 funding rounds of GVMFL with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | $4.25M | Series A | – | Unitus, AMAR Foundation | |
| Jan 2014 | $7.5M | Debt – Conventional | – | – | |
| Mar 2009 | $4.25M | Series A | – | – | |
| Feb 2008 | $3.7M | Series A | – | – |
8 investors in total: 7 institutional and 1 angel.
Investors in GVMFL
GVMFL has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include IDFC First Bank, MicroVest and Elevar Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is directed toward social impact investments. | – | unitus.com | Seattle, United States | |
Venture debt and private equity investments are provided by MicroVest. | 2003 | microvestfund.com | Bethesda, United States | |
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | 2006 | elevarequity.com | Bengaluru, India | |
Arab music research and preservation are supported by AMAR Foundation. | – | amar-foundation.org | Beirut, Lebanon | |
Long-term commercial loans are provided to middle-market businesses and funds. | 2003 | worldbusinesscapital.com | Hartford, United States | |
Education and training sectors are supported by the AMAR foundation. | 1991 | amarfoundation.org | London, United Kingdom | |
Commercial bank | 1997 | idfcfirstbank.com | Mumbai, India | |
VK Vinod Khosla | Indian-American venture capitalist, founder of Khosla Ventures, active angel investor | – | unknown_5fc0803d8d59449da | - |
Investor details for GVMFL
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Board of directors of GVMFL
The boards of the 3 registered companies of GVMFL currently have 9 directors; the longest-serving is Sathiyanathan Devaraj, appointed in 2011. 33 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sathiyanathan Devaraj DIN 01936417 | Director | 26 Sep 2011 | 15 yrs | Grama Vidiyal Holdings Private Limited, Grama Vidiyal Enterprises Private Limited |
| Shirley DIN 02030034 | Director | 26 Sep 2011 | 15 yrs | Grama Vidiyal Holdings Private Limited, Grama Vidiyal Enterprises Private Limited |
| Satish Devaraj DIN 03333142 | Director | 26 Sep 2011 | 15 yrs | Grama Vidiyal Holdings Private Limited, Grama Vidiyal Enterprises Private Limited |
| Ashish Singh DIN 01768711 | Nominee Director | 17 Jan 2018 | 8 yrs 8 mo | Idfc First Bharat Limited |
| Narasimhan Seshadri DIN 03486485 | Director | 03 May 2019 | 7 yrs 5 mo | Idfc First Bharat Limited |
| Rajesh Krishnamoorthy DIN 06778689 | Nominee Director | 05 Jun 2024 | 2 yrs 4 mo | Idfc First Bharat Limited |
| Shikha Hora Kamdar DIN 10627935 | Nominee Director | 05 Jun 2024 | 2 yrs 4 mo | Idfc First Bharat Limited |
| Pradeep Natarajan DIN 10499651 | Nominee Director | 15 Jul 2024 | 2 yrs 2 mo | Idfc First Bharat Limited |
| Anujeet Vishwanath Varadkar DIN 11283164 | Managing Director | 05 Sep 2025 | 1 yr 1 mo | Idfc First Bharat Limited |
People of GVMFL
4 people are tracked at GVMFL (2 in leadership, 2 in team); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
S Devaraj | Managing Director | Leadership |
Kannan Ponnusamy | Head - Fund Raising | Leadership |
Kartheeswari Marimuthu | IT Executive | Team |
Maria Arulanand.a | Hr | Team |
Complete people profiles for GVMFL
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Financials of GVMFL
Figures of Idfc First Bharat Limited, the primary company behind GVMFL, for FY 2025. Revenue was ₹1,008 Cr (-1% year on year). Net profit was ₹9.46 Cr (1% margin). EBITDA was ₹51.00 Cr (5% margin). Revenue has grown at a compounded annual rate of +22% over five years.
- ₹1,008 CrRevenue · FY 2025 · -1% YoY
- ₹9.46 CrNet profit · 1% margin
- ₹51.00 CrEBITDA · 5% margin
- ₹5.58 CrPaid-up capital
- 16,860Employees (provident fund records)
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Idfc First Bharat Limited are on its company page.
Detailed financial statements for GVMFL
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of GVMFL
4 dated milestones of GVMFL across 34 years, from founding to its latest funding, stage changes and deals.
- Founded GVMFL is founded.
- Funding First funding round of $3.7M.
- Exit Acquired by IDFC First Bank.
- Funding Latest funding round, Series A, of $4.2M.
Competitors of GVMFL
GVMFL 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 Ujjivan Small Finance Bank, Jana Small Finance Bank, AU Small Finance Bank, Utkarsh Bank and ESAF, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ujjivansfb.in | 2005 | Bengaluru, India | $153.96M | 22,566 | Small finance services are extended to underserved segments in India. | |
| janabank.com | 1999 | Bengaluru, India | $814.02M | 29,388 | Microfinance bank | |
| aubank.in | 1996 | Jaipur, India | $136.29M | 31,943 | Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | |
| utkarsh.bank | 2009 | Varanasi, India | $33M | 19,274 | Small finance bank | |
| esafbank.com | 1992 | Thrissur, India | $111.83M | 6,194 | Microfinance banking services are offered in India by ESAF. | |
| equitasbank.com | 2007 | Chennai, India | $194.55M | 25,593 | Small finance bank | |
| capitalbank.co.in | 2016 | Jalandhar, India | $52.05M | 2,094 | Microfinance services including savings accounts and loans are provided. | |
| satincreditcare.com | 1990 | Delhi, India | $41.25M | 15,350 | Micro loans for businesses are offered by this NBFC. | |
| suryodaybank.com | 2008 | Mumbai, India | $110.94M | 9,035 | Small finance bank offering savings accounts, deposits, and loan products | |
| fincarebank.com | 2007 | Bengaluru, India | $174.84M | 12,894 | Micro-finance bank |
Detailed competitors of GVMFL
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Latest news on Gvmfl
Complete news archive for GVMFL
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- Older coverage
- Brand-specific news history
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Similar companies to GVMFL
10 companies that operate in the same segment as GVMFL (Microfinance), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 111.83 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 41.25 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | – | USD 71.68 M | 12,403 | |
Provider of micro-credit & insurance for low income income individuals and women | 1997 | Secunderabad, Telangana, India | USD 144.02 M | USD 208.71 M | 38,310 | |
Microfinance loans are extended to low-income women entrepreneurs. | 2010 | Ernakulam, Kerala, India | USD 138.19 M | USD 251.96 M | 10,650 | |
Micro loans for consumers are provided by Asirvad Microfinance. | 2009 | Chennai, Tamil Nadu, India | USD 1.75 M | USD 94.88 M | 16,309 | |
Microfinance and banking services are provided to urban poor communities. | 2005 | Bengaluru, Karnataka, India | USD 238.31 M | USD 857.24 M | 24,370 | |
Microcredit services are provided to rural women for financial inclusion. | 2012 | Mumbai, Maharashtra, India | USD 232.92 M | USD 49.44 M | 10,779 | |
Avanti Finance is focused on providing affordable financial services. | 2016 | Bengaluru, Karnataka, India | USD 79.74 M | USD 13.6 M | 87 | |
Microfinance services offering loans to low-income households in India. | 1999 | Bengaluru, Karnataka, India | – | – | – |
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Frequently Asked Questions about GVMFL
GVMFL was founded in 1986 and raised its 1st funding round 22 years after it was founded.
GVMFL is headquartered in Tiruchirappalli, India. It is registered at Tiruchirappalli, Tamil Nadu, India.
GVMFL is a funded company, having raised a total of $12.2M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.7M, raised on Feb 2008.
GVMFL has 2 employees.
Annual revenue of GVMFL is $13.41 as on Mar 31, 2020.
Grama Vidiyal was established in 1986, with microfinance activities commencing in 2008. Collateral-free loans up to Rs. 25,000 are extended to women without formal credit access, supporting income-generating pursuits and family empowerment. Operations center on Tamil Nadu while spanning 50 districts across four states. One million households are reached, and 400 million in loans have been disbursed. Investment from Vinod Khosla is noted, with S Devaraj serving as Managing Director.
GVMFL's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
GVMFL has 8 investors. Key investors include IDFC First Bank, MicroVest, Elevar Equity, Amar Foundation, and WorldBusiness Capital.
GVMFL is associated with 3 legal entities: Idfc First Bharat Limited, Grama Vidiyal Holdings Private Limited, Grama Vidiyal Enterprises Private Limited.
Yes. GVMFL was acquired by IDFC First Bank in July 2016.
The legal entities of GVMFL currently have 11 directors, including Rajesh Krishnamoorthy, Boby Xavier, Pradeep Natarajan and others.