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Bharat Financial Inclusion information


Bharat Financial Inclusion
Company typeNBFC
Traded as
  • BSE: 533228
  • NSE: BHARATFIN
ISININE180K0101
IndustryFinance
Founded1997
FounderVikram Akula
FateMerged with IndusInd Bank[1]
HeadquartersHyderabad, India
Area served
India
(CEO)
Net income
1078
OwnerIndusInd Bank (100%)
Number of employees
1038 (2015)[2]
Websitebfil.co.in

Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) or BFIL is a banking & finance company (NBFC), licensed by the Reserve Bank of India. It was founded in 1997 by Vikram Akula, who served as its executive chair until working.[3] The company's mission is to provide financial services to the poor under the premise that providing financial service to poor borrowers helps to alleviate poverty.[4][5] In 2011, the company operated across 11 Indian states.[6]

  1. ^ "IndusInd Bank adds 2% on NCLT nod for merger with BFIL". moneycontrol. Retrieved 25 April 2019.
  2. ^ SKS Earnings Update Q4FY15
  3. ^ "Vikram Akula quits SKS". The Hindu. Chennai, India. 23 November 2011.
  4. ^ "SKS: Know SKS: Our Approach". Sksindia.com. Archived from the original on 13 May 2012. Retrieved 17 July 2012.
  5. ^ The Microfinance Promise. Jonathan Murdoch, JSTOR
  6. ^ SKS Microfinance concludes two securitisation transactions Business Standard. 1 April 2013

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