Creditaccess Grameen Limited
CreditAccess Grameen Limited is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The Company is now operating across 398 districts in ...
Key Metrics
EPS
90.71
Current ratio
3.57
Debt/Equity
3.39
Debt/EBITDA
11.19
Interest coverage ratio
0.00
Opperating Cashflow to total debt
-0.21
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Large rural-focused franchise with a well-established track record
Adequate capitalisation
Healthy operating buffers to absorb credit cost volatility
Cons
Geographically concentrated nature of operations
Sectoral risk, given large concentration of microfinance book
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About Creditaccess Grameen Limited bond.
This comprehensive profile covers key factual information about Creditaccess Grameen Limited. CreditAccess Grameen Limited is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The Company is now operating across 398 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh & West Bengal) and one union territory (Puducherry) through 2,031 branches. The Company’s Promoter is CreditAccess India B.V., a multinational company specializing in micro and small enterprise financing. It is backed by institutional investors and has a micro-lending experience in India of more than a decade. EPS in Mar-2024 was 90.71. Current ratio in Mar-2024 was 3.57. Debt/Equity in Mar-2024 was 3.39. Debt/EBITDA in Mar-2024 was 11.19. Interest coverage ratio in Mar-2024 was 0.00. Opperating Cashflow to total debt in Mar-2024 was -0.21. Total revenue for Mar-2025 (E) was ₹6,246.31. Net income for Mar-2025 (E) stood at ₹2,198.94. Total assets as of Mar-2024 were ₹28,846.16. Total liabilities as of Mar-2024 were ₹22,276.18. Operating cash flow for Mar-2024 was ₹-4733.78. The company’s borrowing relationships include Bandhan Bank (₹N/A Cr), Bandhan Bank (₹N/A Cr), Bandhan Bank (₹N/A Cr), Bandhan Bank (₹N/A Cr), Bandhan Bank (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), IDBI Bank (₹N/A Cr), IDBI Bank (₹N/A Cr), IDBI Bank (₹N/A Cr), IDFC First Bank (₹N/A Cr), IDFC First Bank (₹N/A Cr), Punjab National Bank (₹N/A Cr), Punjab National Bank (₹N/A Cr), Punjab National Bank (₹N/A Cr), Standard Chartered bank (₹N/A Cr), Standard Chartered bank (₹N/A Cr), Standard Chartered bank (₹N/A Cr), Standard Chartered bank (₹N/A Cr), Standard Chartered bank (₹N/A Cr), Standard Chartered bank (₹N/A Cr), Union Bank of India (₹N/A Cr), Bank of China (₹N/A Cr), Bandhan Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), Standard Chartered bank (₹N/A Cr), Standard Chartered bank (₹N/A Cr), Bank of Baroda (₹N/A Cr), Bank of Baroda (₹N/A Cr), Punjab National Bank (₹N/A Cr), SIDBI (₹N/A Cr), SIDBI (₹N/A Cr), SIDBI (₹N/A Cr), SIDBI (₹N/A Cr), SIDBI (₹N/A Cr), SIDBI (₹N/A Cr), SIDBI (₹N/A Cr), Micro Units Development and Refinance Agency (MUDRA) (₹N/A Cr), Micro Units Development and Refinance Agency (MUDRA) (₹N/A Cr), Micro Units Development and Refinance Agency (MUDRA) (₹N/A Cr), SIDBI (₹N/A Cr), Bajaj Finance (₹N/A Cr), Bajaj Finance (₹N/A Cr), Bajaj Finance (₹N/A Cr), Bajaj Finance (₹N/A Cr), Bajaj Finance (₹N/A Cr), Bajaj Finance (₹N/A Cr), NA (₹N/A Cr). Peers and comparison entities consist of CreditAccess Grameen Limited, Bajaj Finance Limited, Jio Financial Services Limited, Shriram Finance Limited. As of Dec 2024, promoters hold 66.50%% while others hold N/A% of equity. Key strengths include: Large rural-focused franchise with a well-established track record; Adequate capitalisation; Healthy operating buffers to absorb credit cost volatility. Key risks include: Geographically concentrated nature of operations; Sectoral risk, given large concentration of microfinance book. Leadership team details include A Haridarshini (Head), B Arun Kumar (Head), Bhavish Tulsian (Assistant Vice President), Firoz Anam (Chief Risk Officer), Ganesh Narayanan (Chief Executive Officer), George Joseph (Chairman & Ind.Director), Gopal Reddy (Business Head), Gururaj K S Rao (Chief Audit Officer), H I Praveen Kumar (Vice President), H N Srivatsa (Business Head), K N Nagananda Kumar (Head), Lilian Jessie Paul (Independent Director), M J Mahadev Prakash (Company Secretary & Compliance Officer), Manoj Kumar (Independent Director), Massimo Vita (Nominee Director), Nilesh Dalvi (Head), Paolo Brichetti (Vice Chairman & Non Executive Director), Ranjan Kumar Kar (Assistant Vice President), Rekha Gopal Warriar (Independent Director), S Balakrishna Kamath (Chief Financial Officer), S Chandrakanth (Vice President), Sudesh Puthran (Chief Technology Officer), Sumit Kumar (Nominee Director), Sundar Arumugam (Head), Udaya Kumar Hebbar (Managing Director & CEO). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.