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April 18, 2015 7:51 AM ET

Consumer Finance

Company Overview of SKS Microfinance Limited

Company Overview

SKS Microfinance Limited, a non-banking financial company - micro finance institution, provides micro finance services to women in the rural areas in India who are enrolled as members and organized as joint liability groups. It offers income generation and mid-term loans to self-employed women to support their business enterprises, such as raising livestock, running local retail shops, tailoring, and other assorted trades and services. The company also provides mobile loans for financing mobile phones and telephone services; housing loans for the construction of new houses, or improvement and extension of existing houses; and gold loans secured by gold jewelry to meet short term liquidity re...

My Home Tycoon

3rd Floor

Block A, 6-3-1192

Kundanbagh, Begumpet

Hyderabad,  500016

India

Founded in 1997

Phone:

91 40 4452 6000

Key Executives for SKS Microfinance Limited

Chief Executive Officer, Managing Director, Director, Member of Asset Liability Management Committee and Member of Corporate Social Responsibility Committee
Age: 50
Total Annual Compensation: $15.8M
President
Age: 46
Total Annual Compensation: $12.3M
Executive Vice President of Member Services
Age: 48
Chief People Officer
Age: 46
Compensation as of Fiscal Year 2014.

SKS Microfinance Limited Key Developments

SKS Microfinance Ltd Issues and Rates Non-Convertible Debentures

SKS Microfinance Ltd. announced that on March 31, 2015, the company has issued and allotted Secured, Non-Cumulative, Redeemable, Taxable, Listed, Rated Non-Convertible Debentures of face value of INR 1,000,000 each aggregating to INR 2,000,000,000 on private placement basis and the same will be listed on wholesale debt market segment of BSE Limited.

SKS Microfinance Appoints Punita Kumar Sinha as an Additional and Independent Director

SKS Microfinance has informed that the Board of Directors of the Company has appointed Punita Kumar Sinha as an Additional and Independent Director of the Company effective March 23, 2015.

SKS Microfinance Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014

SKS Microfinance Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported income from operations of INR 1,634.721 million against INR 1,148.140 million a year ago. Total income from operations was INR 1,844.144 million against INR 1,333.187 million a year ago. Profit from operations before other income, finance costs was INR 972.699 million against INR 726.224 million a year ago. Profit before tax was INR 410.570 million against INR 214.258 million a year ago. Net profit after tax was INR 410.570 million or INR 3.23 per diluted per share against INR 214.258 million or INR 1.98 per basic and diluted per share a year ago. For the nine months, the company reported income from operations of INR 4,565.032 million against INR 3,318.903 million a year ago. Total income from operations was INR 5,263.381 million against INR 3,806.964 million a year ago. Profit from operations before other income, finance costs was INR 2,902.034 million against INR 1,851.507 million a year ago. Profit before tax was INR 1,471.292 million against INR 427.367 million a year ago. Net profit after tax was INR 1,471.292 million or INR 11.93 per diluted per share against INR 427.367 million or INR 3.95 per basic and diluted per share a year ago.

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