About Trident Microfin
Trident Microfin is a Financial Services company based in Hyderabad (India) founded in 2007, and was acquired by ICICI Bank in September 2011. Micro loans and insurance for the low-income individuals and enterprises in Andhra Pradesh, India. Trident Microfin has raised $15 million across 2 funding rounds from investors including Axis Bank, HDFC Bank and Indian Overseas Bank. Its Indian entity Zindar Consulting Private Limited reported revenue of ₹12.1 Lakh. 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
Trident Microfin is a Hyderabad based NBFC with gross loan portfolio of Rs. 113 crore as on 31st March 2014. It offers microcredit and microinsurance services to both men and women, in rural as well as urban areas under the joint liability group model of lending. The organizations operation spreads across 3 states (Andhra Pradesh, Madhya Pradesh and Maharashtra) with 30 branches reaching 180,447 clients. The company, which was one of the leading MFIs in Andhra Pradesh, went into Corporate Debt Restructuring and in Jan 2014, it was reported that the company faced risk of closure
- Headquarters Hyderabad, India
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website tridentmicrofin.com
- Social LinkedIn
- Acquired by ICICI Bank (Sep 2011)
- Legal Name Zindar Consulting Private Limited
- Date of Incorporation 08 Aug, 1996
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹12.1 Lakh
FY 2024 · -61% YoY
- Total Equity Funding$15M (USD)
in 2 rounds
- InvestorsAxis Bank
& 6 more
- Acquired byICICI Bank
(Sep 2011)
Associated legal entities of Trident Microfin
Trident Microfin operates through Zindar Consulting Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Zindar Consulting Private Limited CIN U82990TG1996PTC085896 | Active | 08 Aug 1996 | Hyderabad, Telangana | ₹0.1 Cr | 4 | View details |
Funding Insights of Trident Microfin
Trident Microfin has successfully raised a total of $15M across 2 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.
- Total Funding $15M
- Total Rounds 2
- First Round $15M
(Sep 2010)
- Investors Count 2
All 2 funding rounds of Trident 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 |
|---|---|---|---|---|---|
| Jun 2013 | Series A | – | – | ||
| Sep 2010 | $15M | Series A | – | – |
7 investors in total: 7 institutional.
Investors in Trident Microfin
Trident Microfin has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Axis Bank, HDFC Bank and Indian Overseas Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact investments are managed by the B Corp-certified firm. | caspian.in | Hyderabad, India | ||
Commercial bank | 1911 | unionbankofindia.co.in | Mumbai, India | |
Commercial banking services are offered to individuals and corporates. | 1937 | iob.in | Chennai, India | |
Commercial bank | 1994 | icicibank.com | Mumbai, India | |
Provider of a commercial banking services | 1993 | axisbank.com | Mumbai, India | |
Financial services are provided to retail, corporate, and rural clients. | 1906 | bankofindia.co.in | Mumbai, India | |
Commercial and personal banking services are offered by HDFC Bank. | 1994 | hdfcbank.com | Mumbai, India |
Investor details for Trident Microfin
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Board of directors of Zindar Consulting Private Limited (Trident Microfin)
Zindar Consulting Private Limited is the primary company behind Trident Microfin. The board of Zindar Consulting Private Limited currently have 3 directors; the longest-serving is Kishore Kumar Puli, appointed in 2007. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kishore Kumar Puli DIN 01925566 | Managing Director | 24 Nov 2007 | 18 yrs 11 mo | Zindar Consulting Private Limited |
| Chandrashekhar Puli DIN 05187168 | Director | 11 Mar 2019 | 7 yrs 7 mo | Zindar Consulting Private Limited |
| Rimpa Kumudranjan Sarkar DIN 10650749 | Company Secretary | 01 May 2024 | 2 yrs 6 mo | Zindar Consulting Private Limited |
People of Trident Microfin
4 people are tracked at Trident Microfin (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
| CEO | Leadership | |
Pradeep Nagurkar | Sr Manager | Team |
Rama Krishna | Data Entry Operator | Team |
Complete people profiles for Trident Microfin
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Financials of Trident Microfin
Figures of Zindar Consulting Private Limited, the primary company behind Trident Microfin, for FY 2024. Revenue was ₹12.1 Lakh (-61% year on year). Revenue has grown at a compounded annual rate of -31% over three years and -12% over five years.
- ₹12.1 LakhRevenue · FY 2024 · -61% YoY
- ₹80.90 CrPaid-up capital
- -31%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Zindar Consulting Private Limited are on its company page.
Detailed financial statements for Trident Microfin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Trident Microfin
4 dated milestones of Trident Microfin across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Trident Microfin is founded.
- Funding First funding round of $15.0M.
- Exit Acquired by ICICI Bank.
- Funding Latest funding round, Series A,.
Competitors of Trident Microfin
Trident 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 Trident Microfin
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Top companies in Microfinance
3 companies that operate in the same segment as Trident 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 | 752 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Complete news archive for Trident Microfin
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Frequently Asked Questions about Trident Microfin
Trident Microfin was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Trident Microfin is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Trident Microfin is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Sep 2010.
The primary company behind Trident Microfin, Zindar Consulting Private Limited, reported revenue of ₹12.1 Lakh for FY 2024, down 61% year on year.
Trident Microfin is a Hyderabad based NBFC with gross loan portfolio of Rs. 113 crore as on 31st March 2014. It offers microcredit and microinsurance services to both men and women, in rural as well as urban areas under the joint liability group model of lending. The organizations operation spreads across 3 states (Andhra Pradesh, Madhya Pradesh and Maharashtra) with 30 branches reaching 180,447 clients. The company, which was one of the leading MFIs in Andhra Pradesh, went into Corporate Debt Restructuring and in Jan 2014, it was reported that the company faced risk of closure.
Trident Microfin's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and Jana Small Finance Bank.
Trident Microfin has 7 investors. Key investors include Axis Bank, HDFC Bank, Indian Overseas Bank, ICICI Bank, and Bank of India.
Trident Microfin operates through Zindar Consulting Private Limited.
Yes. Trident Microfin was acquired by ICICI Bank in September 2011.
The legal entities of Trident Microfin currently have 3 directors, including Chandrashekhar Puli, Rimpa Kumudranjan Sarkar, Kishore Kumar Puli.