August 28, 2014 9:55 AM 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 and mid-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 mobile loans for financing mobile phones and telephone services; housing loans for the construction of new houses, or improvement and extension of existing houses; and gold loans secured by gold jewelry to meet short term liquidity re...

My Home Tycoon

3rd Floor

Block A, 6-3-1192

Kundanbagh, Begumpet

Hyderabad,  500016

India

Founded in 1997

Phone:

91 40 4452 6000

Key Executives for SKS Microfinance Limited

Managing Director
Age: 50
Total Annual Compensation: $15.8M
President
Age: 46
Total Annual Compensation: $12.3M
Executive Vice President of Member Services
Age: 48
Chief People Officer
Age: 46
Compensation as of Fiscal Year 2014.

SKS Microfinance Limited Key Developments

SKS Microfinance Limited - Shareholder/Analyst Call

SKS Microfinance Limited - Shareholder/Analyst Call

SKS Microfinance Ltd Appoints S. Balachandran as Additional (Independent) Director

SKS Microfinance Ltd. announced that the board of directors of the company at its meeting held on July 24, 2014, has appointed Mr. S. Balachandran as an additional (independent) director on the board of the company with effect from July 24, 2014.

SKS Microfinance Limited Announces Standalone Unaudited Earnings Results for First Quarter Ended June 30, 2014

SKS Microfinance Limited announced standalone unaudited earnings results for first quarter ended June 30, 2014. For the quarter, the company reported 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, net profit of INR 493.205 million or INR 4.27 diluted per share compared to the net sales/income from operations of INR 1,028.051 million, profit from operations before other income and finance costs and exceptional items of INR 466.396 million, net profit of INR 49.698 million or INR 0.46 diluted per share for the same quarter a year ago. Net interest income grew by 41% to INR 890 million from INR 630 million for the same period a year ago.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
February 4, 2014
--
Merger/Acquisition
September 10, 2013
--
 

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