Toggle navigation
×
Home
News
Elections 2024
National
Science
Sports
World
Variety
Education
Real Estate
Markets
Stocks
Forex
Commodities
Gold & Silver
Today's Pick
Gold rate today
Silver rate today
Companies
Elections 2024
Info-tech
Computers & Laptops
How-To
Mobiles & Tablets
Other Gadgets
Social Media
Opinion
Portfolio
Specials
Logistics
Data Stories
See All
Money & Banking
Marketing
Video
Podcast
Today's Paper
On Campus
Package
Books
ePaper
Subscription
Resources
PREMIUM
SUBSCRIBE
Blchangemakers
Financial Transformers - Nominees
Updated - March 11, 2019 at 04:47 PM.
1
/ 5
By preparing a credit score of low-income households, Bengaluru-based Shubh Loans helps banks and financial institutions make lending decisions on a section of society that is outside the formal financial system. Using its credit scores, the company helped extend credit of around ₹35 crore to people in the annual income group of ₹1.5-4.5 lakh in FY18.
Photo: Shubh Loans
▲
It took just eight years for online discount brokerage Zerodha to become the country’s second largest stock broker by active retail client volumes. Using technology, Zerodha disrupted the stock trading industry dominated by big players such as ICICI and HDFC securities. With 6 lakh active users, Zerodha contributes 8 per cent of the retail trade in the country.
Photo: Zerodha
▲
India’s first person-to-person (P2P) lending platform, Faircent was founded in 2013 to create an organised alternative credit market for the unbanked and under-served segments of society, and to protect them from unscrupulous lenders. Faircent has 5.5 lakh registered borrowers and 86,000 registered lenders with a disbursement of ₹55 crore so far.
Photo: Faircent.com
▲
Targeted at funding the missing ‘middle market’, Bengaluru-based Kinara Capital offers non-collateralised loans to micro and small enterprises to enable and empower entrepreneurship and job creation. Through its custom risk assessment approach, Kinara processes loans in 7-10 days. As of September 30, 2018, it had offered 18,584 loans with an AUM (assets under management) of ₹539 crore.
Photo: Kinara Capital
▲
Udaipur-headquartered Shram Sarathi focusses on lending to the migrant workers’ community, which has poor access to formal financial services and is largely excluded from social security benefits. The company serves as a ‘glass house’ for financial service providers to engage with migrants. It serves over 50,000 migrant families in Rajasthan, Gujarat and Maharashtra.
Photo: Shram Sarathi
▲
Published on
May 2, 2024 13:46
Tags
award and prize
BLCHANGEMAKER