About Jagaran Microfin
Jagaran Microfin is a company based in Kolkata (India) founded in 1993. Jagaran Microfin has raised $10.8 million across 6 funding rounds from investors including BlueOrchard, Abira Majumder and Adipta Majumder. The company has 776 employees as of April 08, 2024. Jagaran Microfin 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 Kolkata, India
- Employees 776 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Jagaran Microfin Private Limited
- Date of Incorporation 12 Jan, 1993
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$8.41 M (USD)-19.99as on Mar 31, 2023
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Net Profit
$355.67 K (USD)-18.88as on Mar 31, 2023
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EBITDA
$4.46 M (USD)118.69as on Mar 31, 2023
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Total Equity Funding
$10.8 M (USD)
in 6 rounds
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Latest Funding Round
$3.09 M (USD), Debt – Conventional
Dec 23, 2019
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Investors
BlueOrchard
& 45 more
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Employee Count
776
as on Apr 08, 2024
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People of Jagaran Microfin
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Funding Insights of Jagaran Microfin
Jagaran Microfin has successfully raised a total of $10.8M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.09 million completed in December 2019. 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 Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $3.1M
- First Round First Round
- Investors Count 46
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Debt – Conventional - Jagaran Microfin | Valuation |
investors |
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| Sep, 2019 | Amount | Unspecified - Jagaran Microfin | Valuation | Abira Majumder | |
| Dec, 2018 | Amount | Debt – Conventional - Jagaran Microfin | Valuation |
investors |
Investors in Jagaran Microfin
Jagaran Microfin has secured backing from 46 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include BlueOrchard, Abira Majumder and Adipta Majumder.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Debt and equity investments are managed by this private fund.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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AM
Abira Majumder |
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Founded Year | Domain | Location |
Investments & Acquisitions by Jagaran Microfin
Financial Statements - Jagaran Microfin
Jagaran Microfin Comparisons
Competitors of Jagaran Microfin
Jagaran Microfin 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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Small finance services are extended to underserved segments in India.
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| domain | founded_year | HQ Location |
Microfinance bank
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| domain | founded_year | HQ Location |
Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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| domain | founded_year | HQ Location |
Small finance bank
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| domain | founded_year | HQ Location |
Microfinance banking services are offered in India by ESAF.
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| domain | founded_year | HQ Location |
Small finance bank
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Latest news on Jagaran Microfin
Frequently Asked Questions about Jagaran Microfin
Jagaran Microfin was founded in 1993 and raised its 1st funding round 15 years after it was founded.
Jagaran Microfin is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Jaydeep Ghosh is the current CEO of Jagaran Microfin.
Jagaran Microfin is a funded company, having raised a total of $10.8M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $7.68M, raised on Mar 31, 2008.
As of Apr 08, 2024, the latest employee count at Jagaran Microfin is 776.
Annual revenue of Jagaran Microfin is $8.41M as on Mar 31, 2023.
Jagaran Microfin provides micro loans to women from low-income groups. It offers loans for income generation, education and house repairs in the range of Rs. 3,000 - Rs. 25,000 under the joint liability group model of lending. It has a network of 47 branches and it has disbursed 82,655 loans with its gross loan portfolio at Rs. 51 crore. The companys primary area of operations is West Bengal, though it has opened few branches in Jharkhand and Bihar. It is promoted by GTFS Multi Services, an entity engaged indistribution of financial products and related activities in West Bengal.
Jagaran Microfin's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
Jagaran Microfin has 46 investors. Key investors include BlueOrchard, Abira Majumder, Adipta Majumder, Arnab Chakraborty, and Pragya Bhowmick.
The valuation of Jagaran Microfin is $10.12M as of Apr 2017.