May 27, 2017 6:56 PM ET

Consumer Finance

Company Overview of Bharat Financial Inclusion Limited

Company Overview

Bharat Financial Inclusion 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 go...

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 Bharat Financial Inclusion Limited

Chief Executive Officer, President, Managing Director and Executive Director
Age: 52
Total Annual Compensation: 28.6M
Chief Financial Officer
Age: 37
Total Annual Compensation: 6.7M
Chief Operating Officer
Age: 54
Total Annual Compensation: 9.4M
Executive Vice President of Legal, Compliance Officer and Company Secretary
Age: 44
Total Annual Compensation: 6.5M
Compensation as of Fiscal Year 2016.

Bharat Financial Inclusion Limited Key Developments

Bharat Financial Evaluating All Options For Stake-Sale

Bharat Financial Inclusion Limited (BSE:533228) is said it is open to complete takeover by a bank or a merger or even a 10% strategic-stake sale to a bank and has engaged a consultant to evaluate the options. IDFC Bank Limited (BSE:539437), IndusInd Bank Limited (BSE:532187) and RBL Bank Limited (BSE:540065) are in talks with the country’s first listed micro lender to this end. Managing Director M R Rao told ET that consultant is evaluating all options including share-swap or all-cash deal. This was the first time that M R Rao has officially spoke on the possibility of a buy-out in no uncertain terms. “A lot of discussions are going on (with these three private banks),” M R Rao said. “We have no bias on any bank. What we are looking at is that which bank would be best suited for the interest of the stakeholders – the customers, shareholders and employees.” M R Rao said. M R Rao said the idea of striking strategic deals with banks came when it was mulling to engage kirana stores to provide cash-in and cash-out facilities to borrowers. “We are open to partnership with banks on the premise that both customers and kirana stores should have bank accounts to run this process. We are open if a bank wants to provide the facility without any stake-sale. We are also happy, if the partner bank wants an 10% equity,” M R Rao said.

Bharat Financial Inclusion Limited - Shareholder/Analyst Call

Bharat Financial Inclusion Limited - Shareholder/Analyst Call

Bharat Financial Inclusion Ltd Appoints Ashish Lakhanpal as an Additional Director, Effective May 24, 2017

The Board of Directors of Bharat Financial Inclusion Ltd. has appointed Mr. Ashish Lakhanpal as an Additional Director of the company effective May 24, 2017.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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