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Partners

SKS Microfinance is honoured to work with a world class group of partners and supporters. When it started out as a small NGO, SKS received early support from close friends and family of the founder. As the organisation grew, so did its list of partners, starting with leading foundations and donor organisations, like Women's World Banking (www.swwb.org), CGAP (www.cgap.org), Grameen Foundation USA (www.gfusa.org) and American India Foundation (www.aifoundation.org). Now as a Non-Banking Financial Company - Micro Finance Institution (NBFC-MFI) registered and regulated by the Reserve Bank of India, some of the largest banks and investors work with SKS. HSBC (www.hsbc.com) made its first microfinance loan to SKS and Citibank made its first microfinance loan in India to SKS. SKS is also an active participant in global microfinance associations, such as MIX Market (www.mixmarket.org) and Microfinance Network (www.mfnetwork.org). A complete list of all partners can be seen by clicking on the categories below:

Indian Equity

Small Industries Development Bank of India (SIDBI) was established in April 1990, to empower the Micro, Small and Medium Enterprises (MSME) sector with a view to contributing to the process of economic growth, employment generation and balanced regional development. IDBI is the largest share holder of SIDBI, the State Bank of India and Life Insurance Corporation of India follow as the next two large share holders in that order. Since its inception, SIDBI has been assisting the entire spectrum of SSI Sector including the tiny, village and cottage industries through suitable schemes tailored to meet the requirement of setting up of new projects, expansion, diversification, modernisation and rehabilitation of existing units.

Bajaj Allianz Life Insurance is a union between Allianz SE, one of the largest Insurance Companies and Bajaj Finserv. Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion USD. Allianz SE has over 115 years of financial experience and is present in over 70 countries around the world. At Bajaj Allianz Life Insurance, customer delight is the guiding principle. Their business philosophy is to ensure excellent insurance and investment solutions by offering customised products, supported by the best technology.

Yatish Trading is Group Company of J V Gokal Group, which was found in 1952 and having current net worth of INR 3000 Crores (USD 638 million). Their business interest spans across tea, textiles, software and range of financial services. Their priority is always towards credibility and good business practices, thinking long term, investing in and partnering with the right people. Its group companies and associates consist of Chamundi Silks Ltd, Menaka Cotton Ltd, Brics Securities Ltd, Odyssey Capital Pvt Ltd, Wealth Advisors Pvt Ltd and Fortell Solutions Pvt Ltd. It has its operations across India, Hong Kong, Colombo, United Kingdom, Dubai, Moscow, Kazakhstan and also Distribution Tie Ups in 25 Countries.

Foreign Equity

Vinod Khosla

Vinod Khosla is an Indian- American venture capitalist and was a co-founder of Sun Microsystems and Daisy System, where he pioneered open systems and commercial RISC processors. Mr. Vinod serves on the boards of Agami, eASIC, Indian School of Business, Infinera, Kovio, Metricstream, Spatial Photonics, Xsigo and Zettacore. He holds a Bachelors of Technology in Electrical Engineering from the Indian Institute of Technology in New Delhi, a Masters in Biomedical Engineering from Carnegie Mellon University and an MBA from the Stanford Graduate School of Business.

Kismet Capital is a mezzanine and private equity investor in asset-based businesses located in emerging Asian markets. With a focus on opportunities in India and ASEAN countries, Kismet has invested in numerous industries including real estate, hospitality, energy, financial services and contract manufacturing. Kismet was found in 2004 and has operations in New York, Mumbai and Bangkok.

Sandstone Capital has been a long-term investor in public and private companies in India and the subcontinents found in 2005. They employ a disciplined research-driven investment process to invest in deep value opportunities, reasonably-valued growth stocks and special situations. Sandstone believes that, with investors and management teams, there is a need to forge lasting relationships, built upon the values of integrity, trust and mutual respect. Sandstone is one of the largest Indian dedicated funds with a worldwide investor base that includes university endowments, public and private foundations, family offices, individual investors and other institutions.

Silicon Valley Bank has been dedicated to providing global financial services to some of the most innovative and entrepreneurial companies in the technology, life science, venture capital and premium wine industries. Silicon Valley Bank offers a full range of sophisticated banking and investment services, but what sets us apart from other banks is our innovative approach and deep commitment to helping entrepreneurial companies of all sizes, and at all stages, grow their businesses around the world.

Asio Micro Insurance Network

AMIN (ASIA Micro Insurance Network) is a regional network of micro-insurance practitioners, initiated by 22 of the most important micro-insurance schemes in Asia in collaboration with ILO/STEP PROGRAM.



Objectives:

  • Set up an efficient mechanism allowing the regular sharing of information and experience among practitioners from different countries
  • Develop the documentation process of various on-going micro-insurance initiatives, innovations and achievements
  • Build up new technical capacities for the various factors involved in micro-insurance schemes
  • Highlight and clarify issues, challenges and opportunities related to the contribution of micro-insurance schemes to the extension of social protection to all
  • Organise new initiatives aiming to create wider awareness and a stronger commitment for the need to extend social protection
Mincrofinance Network

The MicroFinance Network (MFN) is an international association of leading microfinance institutions. Through the MFN, 34 members from 31 countries share ideas, experiences and innovative solutions to the challenges they face in search of continuous growth and progress. MFN members, whether commercial banks or NGOs, share the common belief that an MFI can serve more clients by establishing a sustainable and profitable institution. MFN members also believe that an MFI can achieve both financial and social goals by establishing innovative business models. MFN members seek to be models of what is possible in the industry.

Mix Market

The MIX Market ™ is a global, web-based, microfinance information platform. It provides information to sector actors and the public at large on microfinance institutions (MFIs) worldwide, public and private funds that invest in microfinance, MFI networks, raters/external evaluators, advisory firms, and governmental and regulatory agencies. MIX Market seeks to develop a transparent information market to link MFIs worldwide with Investors and Donors and promote greater investment and information flows. The MIX Market currently provides data about over 1400 MFIs, over 100 investors and almost 200 partners.

Sadhan

Sa-Dhan's mission is to build the field of community development finance in India, to help its member and associate institutions to better serve low income households, particularly women, in both rural and urban India, in their quest for establishing stable livelihoods and improving their quality of life.

Individuals & Institution

Bill and Melinda Gates Foundation

CGAP

Crystal Springs Foundation

Digital Partners

Ford Foundation

Grameen Foundation USA

Hindu Temple Society Of Capital District

Lekha Singh

MIT Poverty Action Lab

Ravi & Pratibha Reddy Foundation

Sandeep and Vidhya Tungare

Sanjiv Sindhu

Sreekanth & Sudhakar Ravi

Swiss Development Agency

The Echoing Green Foundation

The i2 Foundation

India Development Service

Maharashtra Foundation

Thunga Family

Ravinder Reddy & Bharat Bhushan

Late Sitaram Rao

Auditors

S R Batliboi & Co

Investor Testimonial
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