Overview
Fincare Business Services Limited was established in 2014 as a result of consolidation of two microfinance businesses acquired by True North (formerly India Value Fund) in 2010. Fincare, headquartered in Bengaluru, is a Small Finance Bank (SFB) and is a holding company for three business entities Disha Microfin (Disha), Future Financial Services (FFS) and Lok Management Services (LMS). These entities are rural focused microfinance institutions (MFIs) providing microfinance loans and micro enterprise loans. Fincare has successfully converted into a bank and launched commercial operations in September 2017. Fincare currently operates through 600+ banking outlets in 13 states and union territories.
Products and Services
- Deposits Accounts
- Loan Services
- Term Deposits
Board Members
Details of board members as on 31st March 2020-21
Name | Designation |
Gunnamreddy Dasarathreddy | Managing Director |
Bhavya Gulati | Nominee Director |
Dhiraj Poddar | Nominee Director |
Maninder Singh Juneja | Nominee Director |
Nandini Parekh | Independent Director |
Satyanarayana Peravali | Independent Director |
Gautam Gupta | Chief Financial Officer |
Parul Molri | Company Secretary |
Financial Performance
Particulars | March-2021 Figures in (Rs. Lakhs) | March-2020 Figures in (Rs. Lakhs) | March-2019 Figures in (Rs. Lakhs) |
Total Assets | 84,853.02 | 76,361.86 | 48,454.91 |
Total Revenue | 14,481.93 | 12,005.20 | 7,271.09 |
Profit (Loss) after tax | 703.80 | 1,259.18 | 857.11 |
Annual Reports |