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October 04, 2015 5:26 PM 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, 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

3rd Floor

Block A, 6-3-1192

Kundanbagh, Begumpet

Hyderabad,  500016


Founded in 1997

10,100 Employees


91 40 4452 6000

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
Age: 51
Total Annual Compensation: $22.3M
Age: 47
Total Annual Compensation: $17.7M
Chief Financial Officer
Age: 37
Total Annual Compensation: $5.3M
Chief Operating Officer
Age: 53
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 Limited, Annual General Meeting, Sep 23, 2015

SKS Microfinance Limited, Annual General Meeting, Sep 23, 2015., at 11:00 Indian Standard Time. Location: Y. B. Chavan Auditorium, General Jagannath Bhosle Marg. Agenda: To receive, consider and adopt the audited Balance Sheet of the Company as at March 31, 2015, the statement of profit & loss account and the cash flow statement for the year ended on that date and the reports of the Directors and Auditors thereon; to appoint a Director in place of Mr. Paresh D. Patel (DIN: 01689226), who retires by rotation at this Annual General Meeting and, being eligible, offers himself for re-appointment; to ratify the, appointment of S. R. Batliboi & Co. LLP Chartered Accountants of Statutory Auditors; to appoint Dr. Punita Kumar-Sinha (DIN: 05229262) as an Independent Director; and to approve issue and allotment of Non-Convertible Debentures and other debt securities on private placement basis.

SKS Microfinance Limited Upgrades its Lending Management Software across the States of Andhra Pradesh and Telangana and also Launches Smart TAB Project

SKS Microfinance Limited has upgraded its lending management software across its entire branch network barring the states of Andhra Pradesh and Telangana. The new software, SKS Smart features multi-product support, centralised automated product configuration and mobile computing extension at branches. The new software, with real-time connectivity, enables pre-printed credit application forms and transaction statements while aiding policy enforcements such as disablement of the loan applications rejected by Credit Bureaus. SKS Microfinance Limited has also launched its Smart TAB project, enabling the company's loan officers to carry out all their activities on tablets. The project, which has so far covered 10% of the company's network, will be completed by the end of the current calendar year.

SKS Microfinance Limited Announces Unaudited Standalone Earnings Results for First Quarter Ended June 30, 2015

SKS Microfinance Limited announced unaudited standalone earnings results for first quarter ended June 30, 2015. For the quarter, the company reported net sales/income from operations of INR 2,172.968 million, profit from operations before other income and finance costs and exceptional items of INR 1,384.858 million, profit before tax of INR 794.926 million, profit after tax of INR 611.556 or INR 4.77 diluted per share compared to the net sales/income from operations of INR 1,272.234 million, profit from operations before other income and finance costs and exceptional items of INR 800.188 million, profit before tax of INR 493.205 million, profit after tax of INR 493.205 million or INR 4.27 diluted per share for the same quarter a year ago. Net interest income was INR 1,430 million against INR 960 million a year ago. Return on average assets (Including Securitised & Managed Loans) was 4.1% against 5.2% a year ago. ROE was 22.7% against 29.2% a year ago. Book value was INR 88.19 against INR 70.75 per share a year ago.

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