SKS Microfinance, India’s largest MFI is planning to raise over Rs. 1000 crores ($225m) through the sale of 16.8m equity shares, as reported by the Economic Times. Per the IPO prospectus, Sequoia, Sandstone Capital and Kismet Capital Advisors replace SKS founder Vikram Akula as the chief promoters. This follows a RBI directive requiring a minimum [...]
Here are two stories from Microcapital.org on the MFI space in India: SKS Microfinance Partners with State Bank of India (SBI), State Bank of Hyderabad (SBH) and State Bank of Mysore (SBM) to Integrate 600 Branches Small Industries Development Bank of India (SIDBI) Takes 11% Stake in Microfinance Institution Bandhan for $10.7m
MICROCAPITAL STORY: SKS Microfinance Raises Rs. 75 Crore (USD 15.8 million) Debt and Lists Bonds on Bombay Stock Exchange Airtel Unveils it’s NetPC Tough road ahead for India’s new environment minister Bootstrapping Your Startup in India – How much does it cost? Social sector boost to be new Govt’s immediate priority – Hindu Business Line
This op-ed was submitted by Suresh Pramar, and is a user post. The views expressed do not necessarily reflect those of TC-I, but we feel that it is important to cultivate opinions from all sides. India like the rest of the world has not escaped the impacts of the current downturn. The sudden rush in [...]
Editors’ note: The ThinkChange India staff is committed to providing our readers with first-hand insights from groundbreaking changemakers. Readers will be able to see other conversations under our TC-I Changemakers and Change-Agent tags. This week, Vinay sat down (over the phone) with Dheeraj Batra of Innosight Ventures, a unique venture capital firm that employs the [...]
JustMeans, an online portal for companies interested in social responsibility, is recruiting for a Social Enterprise fellowship in their Pune office. The fellow will cover a variety of tasks: Develop a business strategy for Justmeans expansion into Asia in the first two quarters of 2010 Work with one of our partners to launch an annual conference on sustainable [...]
India is represented strong in the list of participants from the 2009 Global Social Benefit Incubator, which is a program led by SocialEdge and Santa Clara University that “assists social benefit entrepreneurs in developing business plans that enable their organizations to reach increasing numbers of beneficiaries.” The following individuals, and their associated organizations, will be [...]
In a move that could have a huge impact on the social sector in India, Infosys Technologies is reported to have launched a program where the some employees are provided an option to work with a non-profit for a year and the company would pay half the salary. The program was announced by Infosys CEO Nandan [...]
We have written about microinsurance before, including SKS’s Vikram Akula’s decision to develop a product for his customers. Now, Bajaj-Allianz and CARE India will be developing a product of their own. In an interesting partnership between the charity and a commercial company, this venture will aim to help individuals substantially improve livelihoods through the safety net [...]
A few weeks ago, Vinay wrote about the growing business opportunities in the e-governance sector. An exciting recent development in this area has been the announcement by the Government of India of knowledge kiosks being set up in Panchayats. The project is sponsored by the E-governance in Panchayati Raj Institutions (e-PRIs) and is projected to [...]
