About Madura Microfinance
Madura Microfinance is a Financial Services company based in Chennai (India) founded in 2006, and was acquired by CreditAccess Grameen in November 2019. Microfinance firm providing individual and group loans to the rural population. Madura Microfinance has raised $4.35 million across 2 funding rounds from investors including BNP Paribas, Unitus and CreditAccess Grameen. The company has 2,454 employees. Its chief executive, as recorded, is Narayanan Muthiah. Its Indian entity Madura Micro Finance Limited reported revenue of ₹5.68 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
Madura Microfinance provides individual and group loans to the underserved rural population. Its primary product is a group loan (microcredit) to womens self-help groups (SHGs) for the purpose of small business support. The formation and training of these groups are managed through its partner organization, Microcredit Foundation of India. Their group loan product begins with an Entry level loan, which progresses to an Activity term loan of higher amount once credit history is established. The individual loans are targeted at retailers with small shops. It has 200 branches across Tamil Nadu, Maharashtra, Karnataka, Kerala, Bihar, and Orissa. They have dedicated research teams who use tools and methodology to acquire data and use an approach that combines machine learning with the science of complex systems to seek prospective and predictive insights into rural lending.
- Headquarters Chennai, India
- Employees 2,454
- Stage Acquired
- SectorsFinancial Services
- Website maduramicrofinance.com
- Social LinkedIn X Facebook
- Acquired by CreditAccess Grameen (Nov 2019)
- Legal Name Madura Micro Finance Limited
- Date of Incorporation 02 Sep, 2005
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹5.68 Cr
FY 2022 · +142% YoY
- Net Profit₹80.69 Cr
FY 2022
- EBITDA-₹474 Cr
FY 2022 · -8343% margin
- Total Equity Funding$4.35M (USD)
in 2 rounds
- Latest Funding Round$7.04M (USD), Debt – Conventional
Aug 2019
- InvestorsBNP Paribas
& 2 more
- Employee Count2,454
- Acquired byCreditAccess Grameen
(Nov 2019)
Associated legal entities of Madura Microfinance
Madura Microfinance is associated with 2 registered companies on The Company Check; the primary company is Madura Micro Finance Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Madura Micro Finance Limited CIN U65929TN2005PLC057390 | Amalgamated | 02 Sep 2005 | Chennai, Tamil Nadu | ₹5.7 Cr | 2,454 | 10 | View details |
| Creditaccess Grameen Limited Listed CIN L51216KA1991PLC053425 | Active | 12 Jun 1991 | Bangalore South, Karnataka | ₹6,063 Cr | 19,395 | 11 | View details |
Funding Insights of Madura Microfinance
Madura Microfinance has successfully raised a total of $4.35M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $7.04 million completed in August 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 $4.35M
- Total Rounds 2
- Last Round Debt – Conventional — $7.04M
- First Round $4.35M
(Oct 2008)
- Investors Count 2
All 2 funding rounds of Madura Microfinance 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 2019 | $7.04M | Debt – Conventional | – | – | |
| Oct 2008 | $4.35M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Madura Microfinance
Madura Microfinance has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include BNP Paribas, Unitus and CreditAccess Grameen.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is directed toward social impact investments. | unitus.com | Seattle, United States | ||
Banking & financial service provider | 1848 | group.bnpparibas | Paris, France | |
CreditAccess Grameen is recognized as India's largest microfinance institution. | creditaccessgrameen.com | Bengaluru, India |
Investor details for Madura Microfinance
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Board of directors of Madura Micro Finance Limited (Madura Microfinance)
Madura Micro Finance Limited is the primary company behind Madura Microfinance. The boards of the 2 registered companies of Madura Microfinance currently have 14 directors; the longest-serving is Nangavaram Chandramouli Sarabeswaran, appointed in 2006. 50 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nangavaram Chandramouli Sarabeswaran DIN 00167868 | Director | 16 Mar 2006 | 20 yrs 7 mo | Madura Micro Finance Limited |
| Frank Solomon Mohan Eddy DIN 01633183 | Director | 19 Dec 2013 | 12 yrs 10 mo | Madura Micro Finance Limited |
| Sumit Kumar DIN 07415525 | Nominee Director | 16 Aug 2016 | 10 yrs 2 mo | Creditaccess Grameen Limited |
| Tara Thiagarajan DIN 02057039 | Director | 01 Oct 2016 | 10 yrs 1 mo | Madura Micro Finance Limited |
| Massimo Vita DIN 07863194 | Nominee Director | 25 Jul 2017 | 9 yrs 3 mo | Creditaccess Grameen Limited |
| Manoj Kumar DIN 02924675 | Director | 30 Oct 2019 | 7 yrs | Creditaccess Grameen Limited, Madura Micro Finance Limited |
| George Joseph DIN 00253754 | Director | 18 Mar 2020 | 6 yrs 7 mo | Madura Micro Finance Limited |
| Ram Diwakar Boddupalli DIN 02775640 | Director | 18 Mar 2020 | 6 yrs 7 mo | Madura Micro Finance Limited |
| Lilian Jessie Paul DIN 02864506 | Director | 16 Sep 2020 | 6 yrs 1 mo | Creditaccess Grameen Limited |
| Narayanan DIN 07182849 | CFO | 21 Feb 2021 | 5 yrs 8 mo | Madura Micro Finance Limited |
| Paolo Brichetti DIN 01908040 | Director | 21 Oct 2022 | 4 yrs | Creditaccess Grameen Limited |
| Rekha Gopal Warriar DIN 08152356 | Director | 21 Oct 2022 | 4 yrs | Creditaccess Grameen Limited |
| Udaya Kumar Hebbar DIN 07235226 | Nominee Director | 05 Aug 2025 | 1 yr 3 mo | Creditaccess Grameen Limited, Madura Micro Finance Limited |
| Ganesh Narayanan DIN 09120748 | Managing Director | 05 Aug 2025 | 1 yr 3 mo | Creditaccess Grameen Limited |
People of Madura Microfinance
6 people are tracked at Madura Microfinance (5 in leadership, 1 in team); the tracked headcount is 2,454.
| Name | Role | Group |
|---|---|---|
Narayanan Muthiah | CEO | Leadership |
| Chairman & MD | Leadership | |
Narayanan M | CEO | Leadership |
Shyam Kuma | General Manager - Credit | Leadership |
Harendra Vats | State Head- Bihar | Leadership |
D. Ravi Kumar | SVP, Group Lending | Team |
Complete people profiles for Madura Microfinance
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Financials of Madura Microfinance
Figures of Madura Micro Finance Limited, the primary company behind Madura Microfinance, for FY 2022. Revenue was ₹5.68 Cr (+142% year on year). Net profit was ₹80.69 Cr. EBITDA was -₹474 Cr (-8343% margin). Revenue has grown at a compounded annual rate of -75% over three years and -50% over five years.
- ₹5.68 CrRevenue · FY 2022 · +142% YoY
- ₹80.69 CrNet profit
- -₹474 CrEBITDA · -8343% margin
- ₹7.19 CrPaid-up capital
- 2,454Employees (provident fund records)
- -75%Revenue CAGR, 3 years
- -50%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Madura Micro Finance Limited are on its company page.
Detailed financial statements for Madura Microfinance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Madura Microfinance
4 dated milestones of Madura Microfinance across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Madura Microfinance is founded.
- Funding First funding round of $4.3M.
- Funding Latest funding round, Debt – Conventional, of $7.0M.
- Exit Acquired by CreditAccess Grameen.
Competitors of Madura Microfinance
Madura Microfinance 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 Madura Microfinance
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Web traffic of Madura Microfinance
Websites that share an audience with Madura Microfinance (maduramicrofinance.com).
Websites whose visitors overlap most with Madura Microfinance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| asirvadmicrofinance.co.in | 100% | 4.3K | #3,332,447 | View details | |
| symbioticsgroup.com | 55% | #2,954,335 | View details | ||
earntalktime.com | earntalktime.com | 33% | – |
Top companies in Microfinance
3 companies that operate in the same segment as Madura Microfinance (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 | 752 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Related news about Madura Microfinance
Complete news archive for Madura Microfinance
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Frequently Asked Questions about Madura Microfinance
Madura Microfinance was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Madura Microfinance is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Narayanan Muthiah is the CEO of Madura Microfinance, as recorded in our data.
Madura Microfinance is a funded company, having raised a total of $4.35M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.35M, raised on Oct 2008.
Madura Microfinance has 2,454 employees.
The primary company behind Madura Microfinance, Madura Micro Finance Limited, reported revenue of ₹5.68 Cr for FY 2022, up 142% year on year.
Madura Microfinance provides individual and group loans to the underserved rural population. Its primary product is a group loan (microcredit) to womens self-help groups (SHGs) for the purpose of small business support. The formation and training of these groups are managed through its partner organization, Microcredit Foundation of India. Their group loan product begins with an Entry level loan, which progresses to an Activity term loan of higher amount once credit history is established. The individual loans are targeted at retailers with small shops. It has 200 branches across Tamil Nadu, Maharashtra, Karnataka, Kerala, Bihar, and Orissa. They have dedicated research teams who use tools and methodology to acquire data and use an approach that combines machine learning with the science of complex systems to seek prospective and predictive insights into rural lending.
Madura Microfinance's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and Jana Small Finance Bank.
Madura Microfinance has 3 investors. Key investors include BNP Paribas, Unitus, and CreditAccess Grameen.
Madura Microfinance is associated with 2 legal entities: Madura Micro Finance Limited, Creditaccess Grameen Limited.
Yes. Madura Microfinance was acquired by CreditAccess Grameen in November 2019.
The legal entities of Madura Microfinance currently have 17 directors, including Udaya Kumar Hebbar, Massimo Vita, Sumit Kumar and others.