Fortune India 500 2025 edition
Rank#411- Total income
- ₹5,756 Cr
- Profit
- ₹531 Cr
Last year #409
Creditaccess Grameen Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Active Listed - NSE: CREDITACC · BSE: 541770 Public Limited Company financial services Fortune India 500 · #411 Nifty 500
Market Cap
₹16,015 Cr
CREDITACC · NSE
Share Price
₹1,010.20
+1.27% today
Revenue
₹6,059 Cr
FY 2025-26 · +5.3% YoY
EBITDA
₹2,998 Cr
Margin 49.5%
Net Profit
₹778 Cr
FY 2025-26 · +46.3% YoY
P/E (TTM)
10.4x
P/B 1.9x
ROE
10.5%
ROCE 10.0%
Debt / Equity
2.98
Interest cover 64.9x
About Creditaccess Grameen Limited
Data last updated:
Creditaccess Grameen Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Creditaccess India B.V.. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 12 June 1991 and has been in existence for over 35 years.
Creditaccess Grameen is ranked #411 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L51216KA1991PLC053425. Its GSTIN is 29AAECS7201G1ZF (Karnataka). The company holds 19 GST registrations, of which 18 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 541770 and NSE: CREDITACC.
The company has an authorised share capital of ₹170 Cr and a paid-up capital of ₹160.26 Cr. It was formerly known as Sanni Collection Pvt Ltd and Grameen Financial Services Private Limited. It is led by directors including Ganesh Narayanan (Managing Director) and Lilian Jessie Paul.
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,058.92 Cr, a growth of 5.3% compared to the previous year. For the same year it recorded a net profit of ₹777.64 Cr (net margin 12.8%) and EBITDA of ₹2,997.79 Cr (EBITDA margin 49.5%). The net worth stands at ₹7,842.25 Cr (up 12.7% YoY). Total assets are valued at ₹31,483 Cr (up 14.9% YoY).
The company has about 19,395 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 3 brands: Madura Microfinance, CreditAccess Grameen and CreditAccess Grameen. As per MCA filings, the company has open charges of ₹42,035 Cr and satisfied charges of ₹42,998 Cr on record. Court records list 6,513 cases involving the company, including 6,499 filed by the company and 14 filed against it; 4,610 cases are pending. The company has 53 deals on record (18 market trades, 13 debt financings, 12 funding rounds), with disclosed funding of ₹8,265.09 Cr; the latest was in August 2026. Its 5 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 4 smaller; the largest is Muthoot Fincorp Limited with revenue of ₹6,584.52 Cr. The company has 4 MSME Form 1 returns on record between 2022 and 2023, listing 9 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website creditaccessgrameen.in.
Company details
CIN L51216KA1991PLC053425
Registration Number 053425
Incorporation Date 12 June 1991
ROC Bangalore
Listing Status Listed - Listed on NSE (CREDITACC); Listed on BSE (541770)
Company Status Active
Date of Last AGM 30 July 2025
Date of Balance Sheet 31 March 2026
Parent Company Creditaccess India B.V.
Compliance Status Active Compliant
Name history
Creditaccess Grameen has undergone 4 name changes throughout its history. The current legal name is Creditaccess Grameen Limited.
| Company Name | Status |
|---|---|
| Creditaccess Grameen Limited | Current |
| Sanni Collection Pvt Ltd | Previous |
| Grameen Financial Services Private Limited | Previous |
| Grameen Koota Financial Services Private Limited | Previous |
| Grameen Koota Financial Services Limited | Previous |
CIN history
Creditaccess Grameen has one previous CIN (Corporate Identification Number): U51216KA1991PLC053425. The current CIN is L51216KA1991PLC053425, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51216KA1991PLC053425 | Current |
| U51216KA1991PLC053425 | Previous |
Key People
Ganesh Narayanan Managing Director Udaya Kumar Hebbar Nominee Director Massimo Vita Nominee Director Recognitions & Rankings of Creditaccess Grameen
India's Most Valuable Companies 2021 edition · Source: Hurun India
Rank#328- Valuation
- ₹9,772 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Creditaccess Grameen Limited's registered office is in Bangalore, Karnataka. Its website is creditaccessgrameen.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNew No.49(Oldno725) 46th Cross, 8th Block Jayanagar (Next To Rajalakshmi Kalyana Mantapa), Bangalore, Karnataka, India – 560070
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Creditaccess Grameen Limited, buy the company report.
Comprehensive company report
Creditaccess Grameen Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Creditaccess Grameen operates multiple associated brands including Madura Microfinance, CreditAccess Grameen, and CreditAccess Grameen. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Microfinance firm providing individual and group loans to the rural population | maduramicrofinance.com | |
| Provider of microcredit services | creditaccessgrameen.in | |
| CreditAccess Grameen is recognized as India's largest microfinance institution. | creditaccessgrameen.com |
Business activity
The main business activity of Creditaccess Grameen is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Creditaccess Grameen Limited, buy the company report.
Financials of Creditaccess Grameen Limited
FY 2025-26 filings availableCreditaccess Grameen Limited reported revenue of ₹6,058.92 Cr (up 5.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹6,059 Cr
+5.3% YoY
EBITDA
₹2,998 Cr
+10.1% YoY
Profit After Tax
₹778 Cr
+46.3% YoY
Net Worth
₹7,842 Cr
+12.7% YoY
Total Assets
₹31,483 Cr
+14.9% YoY
Total Debt
₹23,641 Cr
+15.6% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,059 | 5,752 | 5,167 | 3,487 | 2,669 | 2,461 | 1,704 |
| Revenue growth | +5.3% | +11.3% | +48.2% | +30.7% | +8.4% | +44.4% | - |
| EBITDA | 2,998 | 2,722 | 3,723 | 2,300 | 1,434 | 1,153 | 1,065 |
| EBITDA margin | +49.5% | +47.3% | +72.1% | +66.0% | +53.7% | +46.8% | +62.5% |
| Profit before tax | 1,033 | 709 | 1,939 | 1,098 | 481 | 180 | 462 |
| Net profit | 778 | 531 | 1,446 | 819 | 353 | 134 | 334 |
| Net profit margin | +12.8% | +9.2% | +28.0% | +23.5% | +13.2% | +5.5% | +19.6% |
| EPS (₹) | 48.54 | 33.27 | 90.72 | 51.98 | 22.65 | 8.61 | 23.16 |
| Balance sheet | |||||||
| Total assets | 31,483 | 27,402 | 28,411 | 21,419 | 17,088 | 14,738 | 12,383 |
| Net worth | 7,842 | 6,956 | 6,570 | 5,107 | 4,167 | 3,692 | 2,734 |
| Total debt | 23,641 | 20,446 | 21,841 | 16,312 | 12,921 | 10,941 | 9,540 |
| Cash & bank | 1,327 | 1,443 | 1,314 | 1,436 | 1,761 | 2,484 | 718 |
| Net working capital | 1,570 | 1,272 | 1,117 | 1,237 | 1,534 | 2,339 | 602 |
| Cash flow | |||||||
| Cash from operations | (2,770) | 1,125 | (4,734) | (3,290) | (2,713) | (455) | (2,228) |
| Cash from investing | (101) | 708 | (994) | (314) | (32.96) | 23.53 | (638) |
| Cash from financing | 2,751 | (1,669) | 5,494 | 3,365 | 1,967 | 2,146 | 2,921 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,904 | 1,783 | 1,597 | 1,490 | 1,508 | 1,463 | 1,407 | 1,380 |
| Revenue growth (YoY) | +26.2% | +21.9% | +13.6% | +8.0% | +3.8% | -3.3% | - | - |
| Other income | 1.06 | 0.92 | 1.31 | 0.90 | 0.67 | 0.74 | 1.08 | 1.55 |
| EBITDA | 1,240 | 1,225 | 937 | 813 | 664 | 578 | 543 | 360 |
| EBITDA margin | +65.1% | +68.7% | +58.7% | +54.5% | +44.0% | +39.5% | +38.6% | +26.1% |
| Depreciation | 16.66 | 16.21 | 15.69 | 16.38 | 15.80 | 15.22 | 15.16 | 15.53 |
| Interest | 553 | 550 | 478 | 459 | 480 | 482 | 478 | 475 |
| Profit before tax | 671 | 660 | 445 | 338 | 169 | 81.12 | 51.08 | (129) |
| Tax | 169 | 167 | 105 | 85.83 | 43.35 | 20.93 | 3.87 | (29.41) |
| Net profit | 502 | 493 | 340 | 252 | 126 | 60.19 | 47.21 | (99.52) |
| EPS (₹) | 31.12 | 30.65 | 21.11 | 15.68 | 7.83 | 3.76 | 2.95 | (6.24) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,059 | 5,752 | 5,167 | 3,487 | 2,669 | 2,028 | 1,683 |
| Revenue growth | +5.3% | +11.3% | +48.2% | +30.7% | +31.6% | +20.5% | - |
| EBITDA | 2,998 | 2,722 | 3,723 | 2,308 | 1,434 | 959 | 1,044 |
| EBITDA margin | +49.5% | +47.3% | +72.1% | +66.2% | +53.7% | +47.3% | +62.0% |
| Profit before tax | 1,033 | 709 | 1,939 | 1,105 | 481 | 194 | 451 |
| Net profit | 778 | 531 | 1,446 | 826 | 353 | 142 | 328 |
| Net profit margin | +12.8% | +9.2% | +28.0% | +23.7% | +13.2% | +7.0% | +19.5% |
| EPS (₹) | 48.54 | 33.27 | 90.72 | 51.98 | 22.65 | 9.15 | 22.74 |
| Balance sheet | |||||||
| Total assets | 31,483 | 27,402 | 28,411 | 21,419 | 17,088 | 12,416 | 10,492 |
| Net worth | 7,842 | 6,956 | 6,570 | 5,107 | 4,167 | 3,635 | 2,669 |
| Total debt | 23,641 | 20,446 | 21,841 | 16,312 | 12,921 | 8,781 | 7,823 |
| Cash & bank | 1,327 | 1,443 | 1,314 | 1,436 | 1,761 | 1,946 | 580 |
| Net working capital | 1,570 | 1,272 | 1,117 | 1,237 | 1,534 | 1,818 | 484 |
| Cash flow | |||||||
| Cash from operations | (2,770) | 1,125 | (4,734) | (3,290) | (1,969) | (364) | (2,302) |
| Cash from investing | (101) | 708 | (994) | (314) | (189) | (31.67) | (636) |
| Cash from financing | 2,751 | (1,669) | 5,494 | 3,365 | 1,684 | 1,706 | 2,929 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,904 | 1,783 | 1,597 | 1,490 | 1,508 | 1,463 | 1,407 | 1,380 |
| Revenue growth (YoY) | +26.2% | +21.9% | +13.6% | +8.0% | +3.8% | -3.3% | - | - |
| Other income | 1.06 | 0.92 | 1.31 | 0.90 | 0.67 | 0.74 | 1.08 | 1.55 |
| Total expenses | 664 | 558 | 660 | 678 | 845 | 885 | 864 | 1,020 |
| EBITDA | 1,240 | 1,225 | 937 | 813 | 664 | 578 | 543 | 360 |
| EBITDA margin | +65.1% | +68.7% | +58.7% | +54.5% | +44.0% | +39.5% | +38.6% | +26.1% |
| Depreciation | 16.66 | 16.21 | 15.69 | 16.38 | 15.80 | 15.22 | 15.16 | 15.53 |
| Interest | 553 | 550 | 478 | 459 | 480 | 482 | 478 | 475 |
| Profit before tax | 671 | 660 | 445 | 338 | 169 | 81.12 | 51.08 | (129) |
| Tax | 169 | 167 | 105 | 85.83 | 43.35 | 20.93 | 3.87 | (29.41) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,904 | 1,783 | 1,597 | 1,490 | 1,508 | 1,463 | 1,407 | 1,380 |
| Revenue growth (YoY) | +26.2% | +21.9% | +13.6% | +8.0% | +3.8% | -3.3% | - | - |
| Other income | 1.06 | 0.92 | 1.31 | 0.90 | 0.67 | 0.74 | 1.08 | 1.55 |
| EBITDA | 1,240 | 1,225 | 937 | 813 | 664 | 578 | 543 | 360 |
| EBITDA margin | +65.1% | +68.7% | +58.7% | +54.5% | +44.0% | +39.5% | +38.6% | +26.1% |
| Depreciation | 16.66 | 16.21 | 15.69 | 16.38 | 15.80 | 15.22 | 15.16 | 15.53 |
| Interest | 553 | 550 | 478 | 459 | 480 | 482 | 478 | 475 |
| Profit before tax | 671 | 660 | 445 | 338 | 169 | 81.12 | 51.08 | (129) |
| Tax | 169 | 167 | 105 | 85.83 | 43.35 | 20.93 | 3.87 | (29.41) |
| Net profit | 502 | 493 | 340 | 252 | 126 | 60.19 | 47.21 | (99.52) |
| EPS (₹) | 31.12 | 30.65 | 21.11 | 15.68 | 7.83 | 3.76 | 2.95 | (6.24) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,059 | 5,752 | 5,167 | 3,487 | 2,669 | 2,461 | 1,704 |
| Revenue growth | +5.3% | +11.3% | +48.2% | +30.7% | +8.4% | +44.4% | - |
| Other income | 3.62 | 3.81 | 5.98 | 63.76 | 81.46 | 5.07 | 1.17 |
| Total expenses | 3,061 | 3,030 | 1,444 | 1,187 | 1,235 | 1,308 | 640 |
| Employee cost | 879 | 730 | 669 | 515 | 438 | 380 | 262 |
| EBITDA | 2,998 | 2,722 | 3,723 | 2,300 | 1,434 | 1,153 | 1,065 |
| EBITDA margin | +49.5% | +47.3% | +72.1% | +66.0% | +53.7% | +46.8% | +62.5% |
| Depreciation | 63.08 | 62.22 | 51.15 | 49.84 | 47.23 | 44.07 | 20.37 |
| Interest | 1,905 | 1,955 | 1,738 | 1,216 | 987 | 933 | 584 |
| Profit before tax | 1,033 | 709 | 1,939 | 1,098 | 481 | 180 | 462 |
| Tax | 256 | 177 | 493 | 279 | 128 | 49.00 | 126 |
| Net profit | 778 | 531 | 1,446 | 819 | 353 | 134 | 334 |
| Net profit margin | +12.8% | +9.2% | +28.0% | +23.5% | +13.2% | +5.5% | +19.6% |
| EPS (₹) | 48.54 | 33.27 | 90.72 | 51.98 | 22.65 | 8.61 | 23.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 160 | 160 | 159 | 159 | 156 | 156 | 144 |
| Reserves & surplus | 7,682 | 6,796 | 6,411 | 4,948 | 4,011 | 3,536 | 2,590 |
| Shareholders' funds (net worth) | 7,842 | 6,956 | 6,570 | 5,107 | 4,167 | 3,692 | 2,734 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 105 | 109 |
| Secured loans | 22,488 | 20,096 | 21,665 | 16,010 | 12,710 | 10,643 | 9,437 |
| Unsecured loans | 1,153 | 350 | 176 | 303 | 211 | 298 | 103 |
| Total debt | 23,641 | 20,446 | 21,841 | 16,312 | 12,921 | 10,941 | 9,540 |
| Total liabilities | 31,483 | 27,402 | 28,411 | 21,419 | 17,088 | 14,738 | 12,383 |
| Assets | |||||||
| Gross block | 902 | 868 | 826 | 778 | 760 | 658 | 620 |
| Net block | 588 | 604 | 609 | 599 | 629 | 573 | 576 |
| Capital work in progress | 0.11 | 3.50 | 4.54 | 3.94 | 3.07 | 0.62 | 2.84 |
| Investments | 1,075 | 893 | 1,439 | 455 | 0.54 | 0.54 | 45.56 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 1,327 | 1,443 | 1,314 | 1,436 | 1,761 | 2,484 | 718 |
| Loans & advances | 690 | 230 | 262 | 240 | 167 | 177 | 90.70 |
| Total current assets | 2,017 | 1,673 | 1,576 | 1,676 | 1,929 | 2,662 | 808 |
| Total current liabilities | 447 | 401 | 460 | 439 | 394 | 323 | 207 |
| Net working capital | 1,570 | 1,272 | 1,117 | 1,237 | 1,534 | 2,339 | 602 |
| Total assets | 31,483 | 27,402 | 28,411 | 21,419 | 17,088 | 14,738 | 12,383 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,271 | 1,107 | 1,341 | 1,581 | 2,360 | 645 | 590 |
| Net cash from operating activities | (2,770) | 1,125 | (4,734) | (3,290) | (2,713) | (455) | (2,228) |
| Net cash from investing activities | (101) | 708 | (994) | (314) | (32.96) | 23.53 | (638) |
| Net cash from financing activities | 2,751 | (1,669) | 5,494 | 3,365 | 1,967 | 2,146 | 2,921 |
| Net change in cash | (120) | 164 | (234) | (239) | (780) | 1,715 | 54.43 |
| Closing cash | 1,327 | 1,443 | 1,314 | 1,436 | 1,761 | 2,484 | 718 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +5.3% | +11.3% | +48.2% | +30.7% | +8.4% | +44.4% | - |
| EBITDA growth | +10.1% | -26.9% | +61.8% | +60.4% | +24.4% | +8.3% | - |
| PBT growth | +45.8% | -63.4% | +76.6% | +128.4% | +166.5% | -60.9% | -7.3% |
| Net income growth | +46.3% | -63.3% | +76.6% | +131.9% | +163.5% | -59.8% | - |
| Revenue CAGR (3Y) | +20.2% | +29.2% | +28.1% | +27.0% | +27.7% | - | - |
| EBITDA CAGR (3Y) | +9.2% | +23.8% | +47.8% | +29.3% | +15.9% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +12.8% | +9.2% | +28.0% | +23.5% | +13.2% | +5.3% | +19.7% |
| Return on capital employed | +10.0% | +9.6% | +14.8% | +12.1% | +9.3% | +8.3% | +10.7% |
| Return on net worth | +10.5% | +7.9% | +24.8% | +17.8% | +9.0% | +4.1% | +13.2% |
| Debt / equity | 2.98 | 3.13 | 3.27 | 3.15 | 3.04 | 3.19 | 2.83 |
| Long-term debt / equity | 2.97 | 3.13 | 3.27 | 3.15 | 3.04 | 3.19 | 2.78 |
| Interest cover | 64.92 | 73.49 | 47.35 | 54.04 | 71.20 | 84.19 | 55.91 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.85 | 6.80 | 6.45 | 4.62 | 3.88 | 3.86 | 5.11 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 48.54 | 33.27 | 90.72 | 51.98 | 22.65 | 8.61 | 23.16 |
| Dividend per share (₹) | 0.00 | 0.00 | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 489.53 | 435.51 | 412.22 | 321.37 | 267.33 | 237.28 | 189.89 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,904 | 1,783 | 1,597 | 1,490 | 1,508 | 1,463 | 1,407 | 1,380 |
| Revenue growth (YoY) | +26.2% | +21.9% | +13.6% | +8.0% | +3.8% | -3.3% | - | - |
| Other income | 1.06 | 0.92 | 1.31 | 0.90 | 0.67 | 0.74 | 1.08 | 1.55 |
| Total expenses | 664 | 558 | 660 | 678 | 845 | 885 | 864 | 1,020 |
| EBITDA | 1,240 | 1,225 | 937 | 813 | 664 | 578 | 543 | 360 |
| EBITDA margin | +65.1% | +68.7% | +58.7% | +54.5% | +44.0% | +39.5% | +38.6% | +26.1% |
| Depreciation | 16.66 | 16.21 | 15.69 | 16.38 | 15.80 | 15.22 | 15.16 | 15.53 |
| Interest | 553 | 550 | 478 | 459 | 480 | 482 | 478 | 475 |
| Profit before tax | 671 | 660 | 445 | 338 | 169 | 81.12 | 51.08 | (129) |
| Tax | 169 | 167 | 105 | 85.83 | 43.35 | 20.93 | 3.87 | (29.41) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,059 | 5,752 | 5,167 | 3,487 | 2,669 | 2,028 | 1,683 |
| Revenue growth | +5.3% | +11.3% | +48.2% | +30.7% | +31.6% | +20.5% | - |
| Other income | 3.62 | 3.81 | 5.98 | 63.73 | 81.46 | 3.35 | 0.87 |
| Total expenses | 3,061 | 3,030 | 1,444 | 1,179 | 1,235 | 1,069 | 639 |
| Employee cost | 879 | 730 | 669 | 515 | 438 | 300 | 260 |
| EBITDA | 2,998 | 2,722 | 3,723 | 2,308 | 1,434 | 959 | 1,044 |
| EBITDA margin | +49.5% | +47.3% | +72.1% | +66.2% | +53.7% | +47.3% | +62.0% |
| Depreciation | 63.08 | 62.22 | 51.15 | 49.84 | 47.23 | 23.43 | 19.64 |
| Interest | 1,905 | 1,955 | 1,738 | 1,216 | 987 | 745 | 575 |
| Profit before tax | 1,033 | 709 | 1,939 | 1,105 | 481 | 194 | 451 |
| Tax | 256 | 177 | 493 | 279 | 128 | 51.90 | 123 |
| Net profit | 778 | 531 | 1,446 | 826 | 353 | 142 | 328 |
| Net profit margin | +12.8% | +9.2% | +28.0% | +23.7% | +13.2% | +7.0% | +19.5% |
| EPS (₹) | 48.54 | 33.27 | 90.72 | 51.98 | 22.65 | 9.15 | 22.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 160 | 160 | 159 | 159 | 156 | 156 | 144 |
| Reserves & surplus | 7,682 | 6,796 | 6,411 | 4,948 | 4,011 | 3,479 | 2,525 |
| Shareholders' funds (net worth) | 7,842 | 6,956 | 6,570 | 5,107 | 4,167 | 3,635 | 2,669 |
| Secured loans | 22,488 | 20,096 | 21,665 | 16,010 | 12,710 | 8,756 | 7,798 |
| Unsecured loans | 1,153 | 350 | 176 | 303 | 211 | 25.00 | 25.00 |
| Total debt | 23,641 | 20,446 | 21,841 | 16,312 | 12,921 | 8,781 | 7,823 |
| Total liabilities | 31,483 | 27,402 | 28,411 | 21,419 | 17,088 | 12,416 | 10,492 |
| Assets | |||||||
| Gross block | 902 | 868 | 826 | 778 | 760 | 166 | 129 |
| Net block | 588 | 604 | 609 | 599 | 629 | 101 | 86.62 |
| Capital work in progress | 0.11 | 3.50 | 4.54 | 3.94 | 3.07 | 0.62 | 2.84 |
| Investments | 1,075 | 893 | 1,439 | 455 | 0.55 | 663 | 661 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 1,327 | 1,443 | 1,314 | 1,436 | 1,761 | 1,946 | 580 |
| Loans & advances | 690 | 230 | 262 | 240 | 167 | 154 | 73.41 |
| Total current assets | 2,016 | 1,672 | 1,576 | 1,676 | 1,929 | 2,100 | 654 |
| Total current liabilities | 446 | 401 | 460 | 439 | 394 | 281 | 170 |
| Net working capital | 1,570 | 1,272 | 1,117 | 1,237 | 1,534 | 1,818 | 484 |
| Total assets | 31,483 | 27,402 | 28,411 | 21,419 | 17,088 | 12,416 | 10,492 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,271 | 1,107 | 1,341 | 1,581 | 1,875 | 565 | 574 |
| Net cash from operating activities | (2,770) | 1,125 | (4,734) | (3,290) | (1,969) | (364) | (2,302) |
| Net cash from investing activities | (101) | 708 | (994) | (314) | (189) | (31.67) | (636) |
| Net cash from financing activities | 2,751 | (1,669) | 5,494 | 3,365 | 1,684 | 1,706 | 2,929 |
| Net change in cash | (120) | 164 | (234) | (239) | (473) | 1,310 | (9.11) |
| Closing cash | 1,327 | 1,443 | 1,314 | 1,436 | 1,761 | 1,946 | 580 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +5.3% | +11.3% | +48.2% | +30.7% | +31.6% | +20.5% | - |
| EBITDA growth | +10.1% | -26.9% | +61.3% | +60.9% | +49.5% | -8.2% | - |
| PBT growth | +45.8% | -63.4% | +75.4% | +129.9% | +147.5% | -56.9% | -9.4% |
| Net income growth | +46.3% | -63.3% | +75.1% | +134.0% | +148.0% | -56.5% | - |
| Revenue CAGR (3Y) | +20.2% | +29.2% | +36.6% | +27.5% | +27.7% | +32.6% | +33.5% |
| EBITDA CAGR (3Y) | +9.1% | +23.8% | +57.2% | +30.2% | +15.9% | +11.8% | +33.0% |
| Profitability & leverage | |||||||
| Net income margin | +12.8% | +9.2% | +28.0% | +23.7% | +13.2% | +7.0% | +19.5% |
| Return on capital employed | +10.0% | +9.6% | +14.8% | +12.1% | +10.0% | +8.2% | +11.6% |
| Return on net worth | +10.5% | +7.9% | +24.8% | +17.8% | +9.1% | +4.5% | +13.0% |
| Debt / equity | 2.98 | 3.13 | 3.27 | 3.15 | 2.78 | 2.63 | 2.52 |
| Long-term debt / equity | 2.97 | 3.13 | 3.27 | 3.15 | 2.78 | 2.63 | 2.49 |
| Interest cover | 64.92 | 73.49 | 47.35 | 53.86 | 71.20 | 79.59 | 56.09 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 6.85 | 6.80 | 6.45 | 4.62 | 5.95 | 13.79 | 19.04 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 48.54 | 33.27 | 90.72 | 51.98 | 22.65 | 9.15 | 22.74 |
| Dividend per share (₹) | 0.00 | 0.00 | 10.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 489.53 | 435.51 | 412.22 | 321.37 | 267.33 | 233.63 | 185.37 |
To see the full year-wise statements and ratios of Creditaccess Grameen Limited, buy the company report.
Board of directors of Creditaccess Grameen Limited
Creditaccess Grameen has 8 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Udaya Kumar Hebbar | Nominee Director | 05 Aug 2025 | 1 Years 2 Months | Current |
| Massimo Vita | Nominee Director | 25 Jul 2017 | 9 Years 3 Months | Current |
| Sumit Kumar | Nominee Director | 16 Aug 2016 | 10 Years 2 Months | Current |
| Lilian Jessie Paul Also directs: Bajaj Consumer Care Limited, Krsnaa Diagnostics Limited, Ciel HR Services Limited and 2 more | Director | 16 Sep 2020 | 6 Years 1 Months | Current |
| Manoj Kumar Also directs: Voxelgrids Innovations Private Limited, Kanpur Flowercycling Private Limited, Malgharia Advisors Private Limited and 5 more | Director | 30 Oct 2019 | 6 Years 11 Months | Current |
| Paolo Brichetti | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Creditaccess Grameen Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Muthoot Fincorp Limited | ₹6,584.52 Cr (FY 2024) | 28.0% | Thiruvananthapuram, Kerala, India | |||
| Creditaccess Grameen Limitedthis company | ₹6,058.92 Cr (FY 2026) | ₹777.64 Cr | 12.8% | 5.3% | 19,395 | Bangalore, Karnataka, India |
| Sbi Cards and Payment Services Limited | ₹5,144.36 Cr (FY 2018) | 53.0% | New Delhi, Delhi, India | |||
| Shanghvi Finance Private Limited | ₹5,059.13 Cr (FY 2024) | 118.0% | Mumbai, Maharashtra, India | |||
| Kotak Mahindra Prime Limited | ₹4,904.43 Cr (FY 2025) | 25.0% | Mumbai, Maharashtra, India | |||
| Religare Enterprises Limited | ₹4,863.23 Cr (FY 2023) | 44.0% | New Delhi, Delhi, India |
To see the full peer comparison of Creditaccess Grameen Limited, buy the company report.
Auditor
Creditaccess Grameen Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2019 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 66.20%, foreign institutional investors hold 13.50%, domestic institutional investors hold 12.70% and retail and other public shareholders hold 7.60%.
Sep 2026
QUARTER
66.20% Promoters
12.70% DII (Domestic Institutional)
13.50% FII (Foreign Institutional)
7.60% Retail & Others
Promoter holding - history
Now 66.20% · Sep 2026High 66.40% · Dec 2025Low 66.20% · Jun 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 66.20% | 66.20% | 66.30% | 66.40% |
| Public | 33.80% | 33.80% | 33.70% | 33.60% |
Charges & borrowings
Open charges
₹42,035 Cr
Satisfied charges
₹42,998 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2026 | 101317988 | Karnataka Bank Ltd. | ₹200 Cr | Open | |
| 29 Jun 2026 | 101318643 | Others | ₹150 Cr | Open | |
| 23 Jun 2026 | 101314799 | Yes Bank Limited | ₹100 Cr | Open | |
| 10 Jun 2026 | 101317266 | Hdfc Bank Limited | ₹350 Cr | Open | |
| 29 May 2026 | 101305361 | Others | ₹300 Cr | Open |
To see the full charge records of Creditaccess Grameen Limited, buy the company report.
Total charge records: 671 View all charges
Deals & funding
Creditaccess Grameen Limited has 53 deals on record (18 market trades, 13 debt financings, 12 funding rounds), with disclosed funding of ₹8,265.09 Cr; the latest was in August 2026.
Total deals
53
Market trades
18
Debt financings
13
Funding rounds
12
Secondary share transfers
7
Disclosed funding
₹8,265.09 Cr
Deals on record (5 of 53)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Debt financing | ₹425 Cr | Investors: Sundaram Finance Limited , Nuvama Wealth Finance Limited , Bajaj Finance Limited |
| Mar 2025 | Market trade | ₹122.47 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Feb 2025 | Market trade | ₹96.44 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Feb 2025 | Market trade | ₹694.05 Cr | Buyer: Graviton Research Capital LLP , Hrti Private Limited , NK Securities Research Private Limited Seller: Graviton Research Capital LLP , Hrti Private Limited , NK Securities Research Private Limited |
| Feb 2025 | Market trade | ₹74.69 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Creditaccess Grameen Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Creditaccess Grameen Limited has 6,513 court cases on record: 6,499 filed by Creditaccess Grameen, 14 filed against it. 4,610 cases are pending and 1,903 are disposed.
Total cases
6,513
Filed by the company
6,499
Filed against the company
14
Pending
4,610
Disposed
1,903
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6,509 | 12 | 4,610 |
| NCLT | 3 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 6,513)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Laxmi | Pending |
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed against the company by Madura Micro Finance Limited | Disposed |
| NCLT, Chennai | Court case (C.A.(CAA)) | Filed against the company by Madura Micro Finance Limited | Disposed |
| District court, Koriya, Chhattisgarh | Civil suit | Filed against the company | Pending |
| District court, BELAGAVI, Karnataka | Arbitration matter | Filed against the company by an individual | Pending |
To see the full case history of Creditaccess Grameen Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Creditaccess Grameen Limited was last rated by Indiarating on 10 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 10 Jan 2022 |
To see the full credit ratings and regulatory alerts of Creditaccess Grameen Limited, buy the company report.
MSME payment delays
Creditaccess Grameen Limited has 4 MSME Form 1 returns on record between 2022 and 2023, listing 9 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sawariya Informatics Private Limited | |||
| Them Consulting Private Limited | |||
| Catalyst Trusteeship Limited | |||
| an individual supplier |
To see the full MSME payment records of Creditaccess Grameen Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Creditaccess Grameen has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Creditaccess India Foundation | U85300KA2021NPL147906 |
To see the full group structure of Creditaccess Grameen Limited, buy the company report.
Employees & EPFO
Creditaccess Grameen Limited has a workforce of 19,395 employees on its EPFO records as of Mar 10, 2025, across 1 active EPFO establishment.
Employee count
19,395
Active EPFO establishments
1
Employee growth
11.44%
GST
Creditaccess Grameen has 19 GST registrations: 18 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
18
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECS7201G1ZF | Karnataka | Active | 01 Jul 2017 |
| 29AAECS7201G2ZE | Karnataka | Active | 01 May 2022 |
| 27AAECS7201G1ZJ | Maharashtra | Active | 01 Jul 2017 |
| 33AAECS7201G1ZQ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Creditaccess Grameen Limited, buy the company report.
Recent activity
Creditaccess Grameen Limited has 52 board changes on record since 1991: 30 appointments and 22 cessations. The latest: George Joseph ceased to be Director on 08 Sep 2025.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 200.00 Cr with Charge ID 101317988 was registered on 30 Jun 2026.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101318643 was registered on 29 Jun 2026.
Charges
A charge with Yes Bank Limited amounted to Rs. 100.00 Cr with Charge ID 101314799 was registered on 23 Jun 2026.
Charges
A charge registered on 11 May 2023 via Charge ID 100723176 with Others was fully satisfied on 23 Jun 2026.
Charges
A charge registered on 26 Apr 2023 via Charge ID 100714658 with Others was fully satisfied on 22 Jun 2026.
Charges
A charge registered on 23 Sep 2022 via Charge ID 100613318 with Others was fully satisfied on 17 Jun 2026.
Charges
A charge with Others of Rs. 277.78 Cr registered on 30 Oct 2024 with Charge ID 101000628 was modified on 15 Jun 2026.
Charges
A charge with Others of Rs. 267.08 Cr registered on 06 Feb 2023 with Charge ID 100672003 was modified on 15 Jun 2026.
Charges
A charge with Others of Rs. 477.55 Cr registered on 20 May 2022 with Charge ID 100578858 was modified on 15 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 350.00 Cr with Charge ID 101317266 was registered on 10 Jun 2026.
Charges
A charge with Others amounted to Rs. 300.00 Cr with Charge ID 101305361 was registered on 29 May 2026.
Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 101305364 was registered on 29 May 2026.
1263 earlier events are in the company report.
News
CreditAccess Grameen: HSBC on CreditAccess Grameen Maintains Buy, cuts Target Price to ₹1,400; profitability is expected to normalise from elevated through-the-cycle levels. Cuts FY27–28 EPS estimates by 3.6–4.9% due to slower FY27 AUM growth, fee compression and higher provisions; despite a deeper cyclical downturn, the current market price offers value.
CreditAccess Grameen: Nomura on CreditAccess Grameen Maintains Buy, Target Price ₹1,700; Q2FY27 net profit beat estimates by 2%, while drought risks in its second-largest state prompt an assumed 3.8% credit cost for FY27–28. Lending rates were reduced by 50bps, funding costs remain well managed, and management raised FY27 RoA/RoE guidance; insurance reforms and promoter-level changes remain risks.
CreditAccess Grameen: CLSA on CreditAccess Grameen Maintains Outperform, cuts Target Price to ₹1,600; Q2 PPOP beat estimates by 7%, while a macroprudential buffer kept PAT in line. Stronger-than-expected RoA led management to raise FY27 guidance by ~100bps; AUM growth accelerated to 19%, although net slippages rose ~70bps QoQ and drought-related credit costs may increase in Q3. Cuts FY28–29 PAT estimates by 2–4% for a potential repo rate hike and insurance-distribution reforms.
CREDITACC: Q2 REVENUE 19B RUPEES VS 15.1B (YOY)
CREDITACC: Q2 CONS NET PROFIT 5B RUPEES VS 1.25B (YOY); EST 4.83B
CREDITACC: Q2 GROSS STAGE 3 AT 1.79% VS 2.18% (QOQ); Q2 NET STAGE 3 AT 0.59% VS 0.76% (QOQ)
Frequently asked questions
Creditaccess Grameen is an active public limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 12 June 1991 (35+ years old) and is registered under CIN L51216KA1991PLC053425. Listed on BSE: 541770 and NSE: CREDITACC.
Creditaccess Grameen reported revenue of ₹6,058.92 Cr for FY 2025-26 (up 5.3% YoY) based on consolidated financials.
Creditaccess Grameen has 8 current directors:
- Ganesh Narayanan - Managing Director
- Udaya Kumar Hebbar - Nominee Director
- Massimo Vita - Nominee Director
- Sumit Kumar - Nominee Director
- Lilian Jessie Paul - Director
- Manoj Kumar - Director
- Paolo Brichetti - Director
- Rekha Gopal Warriar - Director
The latest financial statements of Creditaccess Grameen on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Creditaccess Grameen is 29AAECS7201G1ZF, registered in Karnataka. The company has 19 GST registrations in all, of which 18 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAECS7201G2ZE (Karnataka), 27AAECS7201G1ZJ (Maharashtra), 33AAECS7201G1ZQ (Tamil Nadu).
The CIN (Corporate Identification Number) of Creditaccess Grameen is L51216KA1991PLC053425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Creditaccess Grameen is a listed company as per MCA records. Its shares are listed on both BSE (code: 541770) and NSE (symbol: CREDITACC).
Creditaccess Grameen has 6,513 court cases on record: 6,499 filed by the company and 14 filed against it. 4,610 are pending. Most are in the district courts.
Creditaccess Grameen was incorporated on 12 June 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
Creditaccess Grameen has 53 deals on record (18 market trades, 13 debt financings, 12 funding rounds), with disclosed funding of ₹8,265.09 Cr; the latest was in August 2026.
The peers of Creditaccess Grameen by revenue are Muthoot Fincorp Limited, Sbi Cards and Payment Services Limited, Shanghvi Finance Private Limited, Kotak Mahindra Prime Limited, Religare Enterprises Limited, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
George Joseph ceased to be Director on 08 Sep 2025. Mahadev Prakash Jayakumar Matada ceased to be Company Secretary on 09 Aug 2025. Ganesh Narayanan was appointed as Managing Director on 05 Aug 2025. Creditaccess Grameen has 52 board changes on record in total.