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Janakalyan eyes assets of Rs 350 crore

Janakalyan eyes assets of Rs 350 crore The Calcutta-based NBFC-MFI is also planning to expand into new markets such as Chhattisgarh and eastern Uttar Pradesh next fiscal Sidbi Venture Capital-backed non-bank microfinance institution (NBFC-MFI) Janakalyan Financial Services Private Limited has set its sights on an asset base of around Rs 350 crore by 2021-22. The Calcutta-based NBFC-MFI is also planning to expand into new markets such as Chhattisgarh and eastern Uttar Pradesh next fiscal following a dose of capital infusion by Bhubaneswar-based investor Sun Tech City Pvt. Ltd, which picked up a 12 per cent equity stake. Sun Tech becomes the second institutional investor in the microlender after Sidbi Venture Capital.

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Janakalyan Financial aims to grow loan book by 50% in FY22 - The Hindu BusinessLine

Janakalyan Financial aims to grow loan book by 50% in FY22 - The Hindu BusinessLine
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Satya MicroCapital raises Rs 153 crore in equity from Japan's Gojo & Company

Satya MicroCapital raises Rs 153 crore in equity from Japan s Gojo & Company SECTIONS Share Synopsis Bhubaneswar-headquartered Annapurna Finance and Kolkata-grown Janakalyan Financial Services are also looking for equity expansion, two people familiar with the matter said. Arohan Financial Services, one of the top micro lenders, is preparing for an initial public offer later this year. INSIGHTS NSE Kolkata: Microfinance company Satya MicroCapital has raised Rs 153 crore in equity from Japan s Gojo & Company Inc in one of the biggest fundraisings by a microfinance firm amid pandemic while at least three others are in the process of raising capital with the market showing signs of restoring normalcy.

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