About Jagaran Microfin
Jagaran Microfin is a Financial Services company based in Kolkata (India) founded in 1993. Micro loans are provided to low-income women in West Bengal. The company has 776 employees. Jagaran Microfin was last valued at $10.12 million in April 2017. Its chief executive, as recorded, is Jaydeep Ghosh. Its Indian entity Jagaran Microfin Private Limited reported revenue of ₹77.67 Cr. Its focus areas include Microfinance, Microcredit and Sustainability Tech. Its competitors include Ujjivan Small Finance Bank, Jana Small Finance Bank and AU Small Finance Bank; 3 of its 3 listed competitors have raised funding.
Company details
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
- Headquarters Kolkata, India
- Employees 776
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website jagaranmf.com
- Social LinkedIn
- Legal Name Jagaran Microfin Private Limited
- Date of Incorporation 12 Jan, 1993
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹77.67 Cr
FY 2024 · +15% YoY
- Net Loss-₹35.55 Cr
FY 2024 · -46% margin
- EBITDA₹4.61 Cr
FY 2024 · 6% margin
- Latest Funding Round$3.09M (USD), Debt – Conventional
Dec 2019
- InvestorsBlueOrchard
& 45 more
- Employee Count776
Associated legal entities of Jagaran Microfin
Jagaran Microfin is associated with 2 registered companies on The Company Check; the primary company is Jagaran Microfin Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Jagaran Microfin Private Limited CIN U74210WB1993PTC057457 | Active | 12 Jan 1993 | Kolkata, West Bengal | ₹77.7 Cr | 776 | 12 | View details |
| Gtfs Multi Services Limited CIN U74140WB2003PLC097206 | Active | 05 Nov 2003 | Kolkata, West Bengal | ₹89.4 Cr | 2 | 7 | View details |
Funding Insights of Jagaran Microfin
- Total Rounds 6
- Last Round Debt – Conventional — $3.09M
- Investors Count 46
All 6 funding rounds of Jagaran Microfin 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 |
|---|---|---|---|---|---|
| Dec 2019 | $3.09M | Debt – Conventional | – | – | |
| Sep 2019 | $1.27M | Unspecified | – | Abira Majumder | |
| Dec 2018 | $7.68M | Debt – Conventional | – | – | |
| Oct 2018 | $7.52M | Unspecified | – | BlueOrchard | – |
| Apr 2017 | $2.01M | Unspecified | $10.12M | Abira Majumder | |
| Mar 2008 | Unspecified | $4,362 | Stanley Tradcom, Stanley Tradcom | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2017 | $10.12M | •••••••• |
Last known valuation $10.12M (Apr 2017). 46 investors in total: 2 institutional and 44 angel.
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 |
|---|---|---|---|---|
Debt and equity investments are managed by this private fund. | 2001 | blueorchard.com | Zurich, Switzerland | |
| stanleytradcom.tcc.mode | ||||
AM Abira Majumder | unknown_bb5cbd365d0d4b3fb | |||
AM Adipta Majumder | unknown_1c5492def94142a79 | |||
AC Arnab Chakraborty | Angel investor and entrepreneur, focused on tech startups in India. | unknown_a42380e6b8b142bca | ||
PB Pragya Bhowmick | unknown_4bcb8803c0d54a079 | |||
AD Abhik Dutta | unknown_8f070d91801541ae8 | |||
SR Subhas Roy | unknown_f355fa9f5e374474b | |||
AS Amitava Singha Roy | unknown_cd4b68f10c134788a | |||
SC Sujata Chatterjee | unknown_79ae1f70083c409ca |
Investor details for Jagaran Microfin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Jagaran Microfin Private Limited (Jagaran Microfin)
Jagaran Microfin Private Limited is the primary company behind Jagaran Microfin. The boards of the 2 registered companies of Jagaran Microfin currently have 13 directors; the longest-serving is Dipak Rudra, appointed in 2004. 51 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dipak Rudra DIN 00240145 | Director | 24 Jul 2004 | 22 yrs 3 mo | Gtfs Multi Services Limited |
| Jaharlal Saha DIN 01762299 | Director | 26 Dec 2013 | 12 yrs 10 mo | Gtfs Multi Services Limited |
| Dipankar Chatterji DIN 00031256 | Director | 27 Jun 2016 | 10 yrs 3 mo | Jagaran Microfin Private Limited |
| Sourav Ghosh DIN 08154243 | Whole-time director | 08 Mar 2019 | 7 yrs 7 mo | Jagaran Microfin Private Limited |
| Aatreyee Majumder DIN 08363766 | Whole-time director | 14 Nov 2019 | 6 yrs 11 mo | Jagaran Microfin Private Limited |
| Jaydeep Ghosh DIN 07475085 | Managing Director | 14 Nov 2019 | 6 yrs 11 mo | Jagaran Microfin Private Limited |
| Rana Som DIN 00352904 | Director | 03 Dec 2019 | 6 yrs 10 mo | Gtfs Multi Services Limited, Jagaran Microfin Private Limited |
| Palash Majumder DIN 00003408 | Manager | 21 Sep 2020 | 6 yrs 1 mo | Gtfs Multi Services Limited |
| Sabyasachi Sen DIN 09363848 | Director | 28 Oct 2021 | 4 yrs 11 mo | Gtfs Multi Services Limited |
| Sandip Das DIN 09345602 | Director | 28 Oct 2021 | 4 yrs 11 mo | Gtfs Multi Services Limited, Jagaran Microfin Private Limited |
| Subrata Gupta DIN 06833844 | Director | 11 Apr 2022 | 4 yrs 6 mo | Jagaran Microfin Private Limited |
| Tirtha Pratim Sahu DIN 11248415 | CFO | 01 Oct 2023 | 3 yrs | Jagaran Microfin Private Limited |
| Anuradha Gupta DIN 06658142 | Director | 16 May 2024 | 2 yrs 5 mo | Jagaran Microfin Private Limited |
People of Jagaran Microfin
7 people are tracked at Jagaran Microfin (3 in leadership, 4 in team); the tracked headcount is 776.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Tapan Bose | Head Of HR | Leadership |
Rajarshi Dutta | Assistant General Manager | Leadership |
Madhusudan Karmakar | IT Manager | Team |
Subrata Dhara | AGM I.t. | Team |
Anirudhya Pal | Executive Assistant | Team |
Moumita Chatterjee | Assistant Manager | Team |
Complete people profiles for Jagaran Microfin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Jagaran Microfin
Figures of Jagaran Microfin Private Limited, the primary company behind Jagaran Microfin, for FY 2024. Revenue was ₹77.67 Cr (+15% year on year). Net loss was -₹35.55 Cr (-46% margin). EBITDA was ₹4.61 Cr (6% margin). Revenue has grown at a compounded annual rate of -10% over three years and 0% over five years.
- ₹77.67 CrRevenue · FY 2024 · +15% YoY
- -₹35.55 CrNet loss · -46% margin
- ₹4.61 CrEBITDA · 6% margin
- ₹72.93 CrPaid-up capital
- 776Employees (provident fund records)
- -10%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Jagaran Microfin Private Limited are on its company page.
Detailed financial statements for Jagaran Microfin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Jagaran Microfin
4 dated milestones of Jagaran Microfin across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Jagaran Microfin is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $3.1M.
Competitors of Jagaran Microfin
Jagaran Microfin has 3 listed competitors in our database, 3 of them funded. They include Ujjivan Small Finance Bank, Jana Small Finance Bank and AU Small Finance Bank.
| 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 | $118M | 31,943 | Collateralised loans for commercial vehicles are extended to rural entrepreneurs. |
Detailed competitors of Jagaran Microfin
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Jagaran Microfin
The website of Jagaran Microfin (jagaranmf.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 19.5% vs previous month
Websites whose visitors overlap most with Jagaran Microfin. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
greensolutionsindia.com | greensolutionsindia.com | 100% | – | ||
| slideshare.net | 96% | 39.1M | #1,467 | View details |
Top companies in Microfinance
3 companies that operate in the same segment as Jagaran Microfin (Microfinance) in India, 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 101.74 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 40 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Jagaran Microfin
Complete news archive for Jagaran Microfin
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 CEO of Jagaran Microfin, as recorded in our data.
Jagaran Microfin has 776 employees.
The primary company behind Jagaran Microfin, Jagaran Microfin Private Limited, reported revenue of ₹77.67 Cr for FY 2024, up 15% year on year.
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 Jana Small Finance Bank.
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.
Jagaran Microfin is associated with 2 legal entities: Jagaran Microfin Private Limited, Gtfs Multi Services Limited.
The legal entities of Jagaran Microfin currently have 14 directors, including Tirtha Pratim Sahu, Rana Som, Sabyasachi Sen and others.