NEWS & ADVICE : PERSONAL LOAN
Intellecash Microfinance Network acquires Arohan Financial Services
By Vaibhav Aggarwal
Sep 18, 2012
Print    Email    RSS   

The Kolkata headquartered microfinance company (MFI), Arohan Financial Services has been acquired by Intellecash Microfinance Network Ltd, an arm of Intellecap Group of companies. According to Shubhankar Sengupta, the CEO of Arohan, the latter has taken majority stake in Arohan with an investment of about Rs. 16 crore.

It is reported that Arohan was set up in the year 2006 and has a considerable market share consisting of more than one lakh customers and has disbursed loans worth Rs. 40 crore.

Mr. Sengupta further said that the recent directives by Reserve Bank of India have given a proper structure and guidance to the microfinance industry. The regulations such as increased capital requirements, margin limits and increased provisioning have made it necessary for the MFIs to operate on a large scale.

The company (Arohan) also wants to expand its presence in more Indian states particularly the low income states like Assam, West Bengal, and Bihar etc. It wants to increase its assets portfolio to the tune of Rs. 100 crore by the end of the current financial year.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Consolidation good for creating healthier...
Carnival of Indian Personal Finance Blogs #1
Getting the best rates on your personal...
Winning in Emerging Markets by Tarun...
Loan upper limit increased for women


साई बाबा जी ⋐+91 9166736058⋑...
Jany - 8 7 4 7 8 8 1 5 7 6 Call Girls Escorts...
Jany - 8 7 4 7 8 8 1 5 7 6 Call Girls Escorts...
FASTING@ INDIA NO,1 MOHALI CALL GIRLS-09855660911...
Call Girls In Ludhiana - 09872495586 | Ludhiana Call...
Amritsar Escorts Service - 09780991739

NEWS THIS WEEK
SBI tied up with APPL to support small tea workers in Assam Dec 19, 2014
Syndicate bank assisting the women entrepreneurs Dec 18, 2014
Axis bank launched first women branch in Patna Dec 17, 2014
SBI rolling a new Tech learning centre in Dimapur Dec 16, 2014
6th excellence Banking Award in Kerala Dec 15, 2014
News Archive