About Sindhuja Microcredit
Sindhuja Microcredit is a company based in Patna (India) founded in 2018 by Malkit Singh Didyala. Sindhuja Microcredit has raised $35.72 million across 8 funding rounds from investors including Norfund, Carpediem Capital Partners and Abler Nordic. The company has 1,540 employees as of April 09, 2024. Sindhuja Microcredit 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 Patna, India
- Employees 1540 as on 09 Apr, 2024
- Founders Malkit Singh Didyala
- 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 Sindhuja Microcredit Private Limited
- Date of Incorporation 01 Dec, 2017
- Jurisdiction Gautam Budh Nagar, Uttar Pradesh, India
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Annual Revenue
$15.61 M (USD)107.59as on Mar 31, 2023
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Net Profit
$2.3 M (USD)499.54as on Mar 31, 2023
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EBITDA
$10.19 M (USD)156.49as on Mar 31, 2023
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Total Equity Funding
$35.72 M (USD)
in 8 rounds
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Latest Funding Round
Not available
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Investors
Norfund
& 46 more
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Employee Count
1540
as on Apr 09, 2024
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People of Sindhuja Microcredit
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Leadership Team
7 people
Operations Team
5 people
Co Team
1 people
Human Resources and Administration
1 people
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Funding Insights of Sindhuja Microcredit
Sindhuja Microcredit has successfully raised a total of $35.72M across 8 strategic funding rounds. 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.
Investors in Sindhuja Microcredit
Sindhuja Microcredit has secured backing from 47 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Norfund, Carpediem Capital Partners and Abler Nordic.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on impact sectors
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Private equity firm investing in multiple sectors
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Private equity investments in Indian SMEs focusing on consumption opportunities and growth capital provision.
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Investor details for Sindhuja Microcredit
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Investments & Acquisitions by Sindhuja Microcredit
Investment portfolio details for Sindhuja Microcredit
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Financial Statements - Sindhuja Microcredit
Detailed financials for Sindhuja Microcredit
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Sindhuja Microcredit Comparisons
Peer comparison for Sindhuja Microcredit
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Competitors of Sindhuja Microcredit
Sindhuja Microcredit 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 |
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Small finance services are extended to underserved segments in India.
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Microfinance bank
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Collateralised loans for commercial vehicles are extended to rural entrepreneurs.
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Small finance bank
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Microfinance banking services are offered in India by ESAF.
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Small finance bank
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Detailed competitors of Sindhuja Microcredit
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Latest news on Sindhuja Microcredit
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Frequently Asked Questions about Sindhuja Microcredit
Sindhuja Microcredit was founded in 2018.
Sindhuja Microcredit is headquartered in Patna, India. It is registered at Patna, Bihar, India.
Malkit Singh Didyala is the current CEO of Sindhuja Microcredit. They have also founded this company.
Sindhuja Microcredit is a funded company, having raised a total of $35.72M across 8 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Sindhuja Microcredit is 1,540.
Annual revenue of Sindhuja Microcredit is $15.61M as on Mar 31, 2023.
Founded in 2018 and based in Patna, India, the company operates in the microfinance sector. Financial services, including microcredit and insurance, are provided to rural and semi-urban populations. Emphasis is placed on financial inclusion for low-income individuals and businesses. Expansion plans include micro-enterprise loans arranged through third parties to support entrepreneurial activities.
Sindhuja Microcredit's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and ESAF.
Sindhuja Microcredit has 47 investors. Key investors include Norfund, Carpediem Capital Partners, Abler Nordic, GAWA Capital, and Oikocredit.
The valuation of Sindhuja Microcredit is $59.9M as of Mar 2024.