Company Overview of SKS Microfinance Limited
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, mid-term, and long-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 loans to members for the purchase of cook-stove, solar light, water purifier, mobile phone, bicycle, and sewing machine products, as well as personal or business loans to its members and non-members secured by gold jewelle...
My Home Tycoon
Block A, 6-3-1192
Founded in 1997
Key Executives for SKS Microfinance Limited
Chief Executive Officer, Managing Director, Director, Member of Risk Management Committee, Member of Asset Liability Management Committee and Member of Corporate Social Responsibility Committee
Total Annual Compensation: $22.3M
Total Annual Compensation: $17.7M
Chief Financial Officer
Total Annual Compensation: $5.3M
Chief Operating Officer
Total Annual Compensation: $7.3M
Senior Vice President of Legal, Compliance Officer and Company Secretary
Total Annual Compensation: $4.8M
Compensation as of Fiscal Year 2015.
SKS Microfinance Limited Key Developments
SKS Microfinance Ltd Appoints K. G. Alia as Director
Oct 30 15
SKS Microfinance Ltd. announced that Mr. K. G. Alia, General Manager, SIDBI has assumed office of Director of the company with effect from October 30, 2015.
SKS Microfinance Ltd Announces Board Changes
Oct 19 15
SKS Microfinance Ltd. announced that Small Industries Development Board of India (SIDBI) has nominated Mr. K. G. Alai, Chief General Manager, SIDBI, in place of Mr. P. Krishnamurthy, as nominee on the board of the company. Mr. Alai will assume the office director of the company post completion of requisite formalities.
SKS Microfinance Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2015; Provides Earnings Guidance for the Year 2016
Oct 19 15
SKS Microfinance Limited reported earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the company reported total revenue was INR 3,240 million compared to INR 2,010 million a year ago. The company reported income from operations of INR 2,663.951 million against INR 1,658.077 million a year ago. Profit from operations before other income and finance costs was INR 1,850.821 million against INR 1,129.147 million a year ago. Profit before tax was INR 1,011.540 million compared to INR 567.515 million a year ago. Profit after tax was INR 778.580 million compared to INR 567.515 million a year ago. Diluted earnings per share were INR 6.06 against INR 4.48 a year ago.
For the half year, the company reported total revenue of INR 6,070 million compared to INR 3,700 million a year ago. The company reported income from operations of INR 4,836.919 million against INR 2,930.311 million a year ago. Profit from operations before other income and finance costs was INR 3,235.682 million against INR 1,929.338 million a year ago. Profit before tax was INR 1,806.469 million compared to INR 1,060.725 million a year ago. Profit after tax was INR 1,390.139 million compared to INR 1,060.725 million a year ago. Diluted earnings per share were INR 10.83 against INR 8.75 a year ago.
The company provided earnings guidance for the fiscal year 2016. For the period, the company expects increased its profit from INR 2,350 million compared with INR 2,900 million a year ago.
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