About Shikhar Microfi nce
Shikhar Microfi nce is a Financial Services company based in Delhi (India) founded in 2007. Microcredit and micro-insurance are provided to SMEs. Shikhar Microfi nce has raised $3.37 million across 5 funding rounds from investors including SIDBI Venture Capital, Dia Vikas and Partner Of Shikhar Trust. The company has 214 employees. Shikhar Microfi nce was last valued at $6.01 million in March 2019. Its chief executive, as recorded, is Satyavir Chakrapani. Its Indian entity Shikhar Microfinance Private Limited reported revenue of ₹9.44 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
Shikhar Microfinance was founded in 2007 and is based in Delhi, India. Operations focus on the microfinance sector, where microcredit and micro-insurance are extended to small and medium-sized enterprises. Leadership is provided by CEO and Managing Director Satyavir Chakrapani. The companys domain, shikharfin.com, supports its service delivery in the region.
- Headquarters Delhi, India
- Employees 214
- Stage Minicorn
- SectorsFinancial Services
- Website shikharfin.com
- Social LinkedIn X
- Legal Name Shikhar Microfinance Private Limited
- Date of Incorporation 16 Feb, 1993
- Jurisdiction Delhi, India
- Annual Revenue₹9.44 Cr
FY 2023 · +75% YoY
- Net Profit₹62.7 Lakh
FY 2023 · 7% margin
- EBITDA₹66 Lakh
FY 2023 · 7% margin
- Total Equity Funding$3.37M (USD)
in 5 rounds
- Latest Funding Round$1.44M (USD), Seed
Mar 2019
- InvestorsSIDBI Venture Capital
& 5 more
- Employee Count214
Associated legal entities of Shikhar Microfi nce
Shikhar Microfi nce operates through Shikhar Microfinance Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shikhar Microfinance Private Limited CIN U74899DL1993PTC052165 | Active | 16 Feb 1993 | Delhi, Delhi | ₹9.4 Cr | 214 | 4 | View details |
Funding Insights of Shikhar Microfi nce
Shikhar Microfi nce has successfully raised a total of $3.37M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $1.44 million completed in March 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 $3.37M
- Total Rounds 5
- Last Round Seed — $1.44M
- First Round $27,925
(Jan 2008)
- Investors Count 6
All 5 funding rounds of Shikhar Microfi nce 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 |
|---|---|---|---|---|---|
| Mar 2019 | $1.44M | Seed | $6.01M | Partner Of Shikhar Trust | – |
| Sep 2017 | $674,092 | Seed | $3.03M | Dia Vikas, Sampark Fin Services | – |
| Sep 2014 | $686,758 | Seed | $••••• | Dia Vikas | |
| Dec 2012 | $544,632 | Seed | – | SIDBI Venture Capital | – |
| Jan 2008 | $27,925 | Seed | $••••• | Parnami Habitat Developers |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2019 | $6.01M | •••••••• |
| Sep 2017 | $3.03M | •••••••• |
| Sep 2014 | $••••• | •••••••• |
Full valuation and stage history of Shikhar Microfi nce
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $6.01M (Mar 2019). 6 investors in total: 6 institutional.
Investors in Shikhar Microfi nce
Shikhar Microfi nce has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include SIDBI Venture Capital, Dia Vikas and Partner Of Shikhar Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
Microcredit is provided to low-income individuals and businesses. | 2008 | dia-vikas.org | Gurugram, India | |
Financial services focused on microcredit and insurance for underserved populations in India. | samparkfin.in | |||
Investor details for Shikhar Microfi nce
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Board of directors of Shikhar Microfinance Private Limited (Shikhar Microfi nce)
Shikhar Microfinance Private Limited is the primary company behind Shikhar Microfi nce. The board of Shikhar Microfinance Private Limited currently have 3 directors; the longest-serving is Satyavir Chakrapani, appointed in 2009. 23 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Satyavir Chakrapani DIN 02422305 | Managing Director | 25 Mar 2009 | 17 yrs 7 mo | Shikhar Microfinance Private Limited |
| Thomas Thomas Vinoy DIN 02571265 | Whole-time director | 25 Mar 2009 | 17 yrs 7 mo | Shikhar Microfinance Private Limited |
| Vijay Pandey DIN 01301383 | Managing Director | 30 Apr 2019 | 7 yrs 6 mo | Shikhar Microfinance Private Limited |
People of Shikhar Microfi nce
1 people are tracked at Shikhar Microfi nce (1 in leadership); the tracked headcount is 214.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership |
Complete people profiles for Shikhar Microfi nce
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Financials of Shikhar Microfi nce
Figures of Shikhar Microfinance Private Limited, the primary company behind Shikhar Microfi nce, for FY 2023. Revenue was ₹9.44 Cr (+75% year on year). Net profit was ₹62.7 Lakh (7% margin). EBITDA was ₹66 Lakh (7% margin). Revenue has grown at a compounded annual rate of +17% over three years and -10% over five years.
- ₹9.44 CrRevenue · FY 2023 · +75% YoY
- ₹62.7 LakhNet profit · 7% margin
- ₹66 LakhEBITDA · 7% margin
- ₹22.71 CrPaid-up capital
- 214Employees (provident fund records)
- +17%Revenue CAGR, 3 years
- -10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shikhar Microfinance Private Limited are on its company page.
Detailed financial statements for Shikhar Microfi nce
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Shikhar Microfi nce
4 dated milestones of Shikhar Microfi nce across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Shikhar Microfi nce is founded.
- Funding First funding round of $28K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.4M.
Competitors of Shikhar Microfi nce
Shikhar Microfi nce 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 Shikhar Microfi nce
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Shikhar Microfi nce
Websites that share an audience with Shikhar Microfi nce (shikharfin.com).
Websites whose visitors overlap most with Shikhar Microfi nce. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| youtube.com | 100% | 30.4B | #2 | View details | |
| facebook.com | 100% | 12.1B | #3 | View details |
Top companies in Microfinance
3 companies that operate in the same segment as Shikhar Microfi nce (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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Frequently Asked Questions about Shikhar Microfi nce
Shikhar Microfi nce was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Shikhar Microfi nce is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Satyavir Chakrapani is the CEO of Shikhar Microfi nce, as recorded in our data.
Shikhar Microfi nce is a funded company, having raised a total of $3.37M across 5 funding rounds to date. The company's 1st funding round was a Seed of $27.93K, raised on Jan 2008.
Shikhar Microfi nce has 214 employees.
The primary company behind Shikhar Microfi nce, Shikhar Microfinance Private Limited, reported revenue of ₹9.44 Cr for FY 2023, up 75% year on year.
Shikhar Microfinance was founded in 2007 and is based in Delhi, India. Operations focus on the microfinance sector, where microcredit and micro-insurance are extended to small and medium-sized enterprises. Leadership is provided by CEO and Managing Director Satyavir Chakrapani. The companys domain, shikharfin.com, supports its service delivery in the region.
Shikhar Microfi nce's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and Jana Small Finance Bank.
Shikhar Microfi nce has 6 investors. Key investors include SIDBI Venture Capital, Dia Vikas, Partner Of Shikhar Trust, Sampark Fin Services, and Parnami Habitat Developers.
The valuation of Shikhar Microfi nce is $6.01M as of Mar 2019.
Shikhar Microfi nce operates through Shikhar Microfinance Private Limited.
The legal entities of Shikhar Microfi nce currently have 4 directors, including Satyavir Chakrapani, Priyanka, Thomas Thomas Vinoy and others.