About Madura Microfinance
Madura Microfinance is a company based in Chennai (India) founded in 2006 was acquired by CreditAccess Grameen in November 2019. 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 as of April 06, 2024. Madura Microfinance 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 Chennai, India
- Employees 2454 as on 06 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 Madura Micro Finance Limited
- Date of Incorporation 02 Sep, 2005
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$52.47 M (USD)60.66as on Mar 31, 2019
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Net Profit
$11.28 M (USD)102.2as on Mar 31, 2019
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EBITDA
$36.08 M (USD)71.98as on Mar 31, 2019
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Total Equity Funding
$4.35 M (USD)
in 2 rounds
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Latest Funding Round
$7.04 M (USD), Debt – Conventional
Aug 07, 2019
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Investors
BNP Paribas
& 2 more
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Employee Count
2454
as on Apr 06, 2024
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Acquired by
CreditAccess Grameen
(Nov 27, 2019)
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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 Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $7.0M
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First Round
First Round
(13 Oct 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Debt – Conventional - Madura Microfinance | Valuation |
investors |
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| Oct, 2008 | Amount | Series A - Madura Microfinance | Valuation |
investors |
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 |
|---|---|---|---|---|
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Venture capital is directed toward social impact investments.
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Founded Year | Domain | Location | |
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Banking & financial service provider
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Founded Year | Domain | Location | |
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CreditAccess Grameen is recognized as India's largest microfinance institution.
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Founded Year | Domain | Location |
Investments & Acquisitions by Madura Microfinance
Financial Statements - Madura Microfinance
Madura Microfinance Comparisons
Competitors of Madura Microfinance
Madura 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 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
|
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 current CEO of Madura Microfinance.
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 13, 2008.
As of Apr 06, 2024, the latest employee count at Madura Microfinance is 2,454.
Annual revenue of Madura Microfinance is $52.47M as on Mar 31, 2019.
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 ESAF.
Madura Microfinance has 3 investors. Key investors include BNP Paribas, Unitus, and CreditAccess Grameen.