Share Microfin

Share Microfin is a financial services company focused on providing microloans and tailored financial products to underserved communities, enhancing economic opportunities for low-income households, especially women. Share Microfin Limited operates primarily in the microfinance sector, providing vital financial services to low-income individuals. Headquartered in Hyderabad, India, the company has raised INR 749. 15 mn in its most recent funding round on September 25, 2007, from Aavishkaar Capital and other investors.

The CEO, Udaia Kumar, has experience in financial services, contributing to the company's mission to empower underserved populations through accessible financing solutions. Share Microfin Limited primarily offers financial products and services aimed at improving the livelihoods of underserved populations, particularly women. The company's core offerings include microloans, insurance products, and tailored financial services that facilitate income generation, asset building, and financial planning for clients. These products are designed to address the specific needs of low-income households, enabling them to overcome financial barriers and achieve economic stability.

Share's client base spans various states in India, including West Bengal, Odisha, and Gujarat, where it serves diverse communities through its extensive branch network and digital platforms, such as the SHARE Staff Mobile App. This app enhances operational efficiency by allowing for real-time data updates and streamlined client onboarding processes, thereby maximizing the impact of their financial services. In 2022, Share Microfin Limited generated a revenue of INR 18,529,410. 20 and an EBITDA of INR 5,668,373.

60. The company primarily earns revenue through interest on microloans and associated financial services, lending directly to clients with repayment structures tailored to their cash flow, ensuring a sustainable business model. Share Microfin is focused on expanding its product offerings and market reach. The capital raised in September 2007 will be utilized to enhance their range of financial products and expand into new geographic regions.

The company plans to target additional states in India, aiming for expansion by 2025, thereby increasing its service availability and client base.