MohammadMullen at 00:51, 14 March 2026

2026-03-14T00:51:55Z

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{{Short description|Non-Banking Financial Company}}
{{Infobox company
| name = CreditAccess Grameen Limited
| logo =
| logo_size =
| logo_caption =
| image =
| image_size =
| image_caption =
| romanized =
| former type =
| type = [[Public Company|Public Ltd. Co.]]
| traded_as = {{NSE|CREDITACC}}, {{BSE|541770}}
| industry = [[Finance|Financial Services]]
| fate =
| predecessor =
| successor =
| foundation = 1999
| founder =
| location_city = [[Bengaluru]]
| location_country = [[India]]
| locations = 1,967
| area_served = 16 states & 1 union territory
| key_people = *Udaya Kumar Hebbar (Managing Director)<ref>{{cite web |title=Northern Arc Capital facilitates $20 million ECB loan for CreditAccess Grameen |url=https://www.thehindubusinessline.com/money-and-banking/northern-arc-capital-facilitates-20-million-ecb-loan-for-creditaccess-grameen/article66732073.ece |website=Thehindubusinessline.com |language=en |date=13 April 2023}}</ref>
*Ganesh Narayanan (Chief Executive Officer)<ref>{{cite web |last1=Ghosh |first1=Shayan |title=Microfinance lenders go for secured loans to diversify risk |url=https://www.livemint.com/industry/banking/microlenders-step-into-secured-loans-to-bring-down-risk-11669568201811.html |website=mint |language=en |date=27 November 2022}}</ref>
| products =
| production =
| services = [[Financial services]]
| revenue = {{Increase}} {{INRConvert|5173|c}}<ref name='bse'>{{cite web |title=CreditAccess Grameen Q2 2023-24 Report |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/81b697e2-e53b-47d9-b94a-309d3b6b9eb5.pdf |website=BSE India}}</ref> (2024)
| operating_income =
| net_income = {{Increase}} {{INRConvert|1446|c}}<ref name='bse'/> (2024)
| aum = 
| assets = {{Increase}} {{INRConvert|28846|c}}<ref name='bse'/> (2024)
| equity = {{Increase}} {{INRConvert|6570|c}}<ref name='bse'/> (2024)
| owner =
| num_employees = 19,395<ref>{{cite web |title=BSE India Report Credit Access Grameen |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/f71553af-cf25-44f6-ba16-ad2a2265f154.pdf |website=BSE India}}</ref> (2024)
| parent =
| divisions =
| brands =
| subsid =
| homepage = {{URL|https://www.creditaccessgrameen.in}}
| footnotes =
| rating = AA− stable
| intl =
| bodystyle =
}}
'''CreditAccess Grameen Limited''' (CA Grameen) is an Indian [[microfinance]] institution, headquartered in [[Bengaluru]], which serves customers predominantly in rural areas.<ref>{{cite web |title=Lending To The Bottom Of The Pyramid |url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/lending-to-the-bottom-of-the-pyramid/75701/1 |website=Forbes India |language=en}}</ref><ref>{{cite web |title=CreditAccess Grameen unveils NCD issue |url=https://www.thehindu.com/business/creditaccess-grameen-unveils-ncd-issue/article66116794.ece |website=The Hindu |language=en-IN |date=9 November 2022}}</ref><ref>{{cite web |title=Improving reach, stable asset quality to drive performance of CreditAccess Grameen |url=https://economictimes.indiatimes.com/markets/stocks/news/improving-reach-stable-asset-quality-to-drive-performance-of-creditaccess-grameen/articleshow/98610257.cms |website=The Economic Times}}</ref> The company is engaged in providing microfinance services to women from low-income households who are enrolled as members and organized in Joint Liability Groups.<ref>{{cite web |title=creditaccess grameen hits record high; jumps 12percent in three days |url=https://www.capitalmarket.com/news/hot-pursuit/creditaccess-grameen-hits-record-high;-jumps-12percent-in-three-days/1431631 |website=Capitalmarket.com}}</ref><ref>{{cite web |title=Smallcap stars shine bright! AstraZeneca Pharma, Kirloskar Industries and 4 others surge to new 52-week highs |url=https://economictimes.indiatimes.com/markets/stocks/news/smallcap-stars-shine-bright-astrazeneca-pharma-kirloskar-industries-and-4-others-surge-to-new-52-week-highs/articleshow/101213415.cms |website=The Economic Times |date=23 June 2023}}</ref>

CreditAccess Grameen Limited is a listed company in the [[National Stock Exchange of India|National Stock Exchange]] and [[Bombay Stock Exchange]].<ref>{{cite web |title=CreditAccess Grameen Ltd Share Price Live on NSE/BSE {{!}} CreditAccess Grameen Ltd Stock Price, Latest News, Analysis & Update - ICICI Direct |url=https://www.icicidirect.com/stocks/creditaccess-grameen-ltd-share-price |website=ICICIdirect}}</ref><ref>{{cite web |title=CreditAccess Gr Share Price, CreditAccess Gr Stock Price, CreditAccess Grameen Ltd. Stock Price, Share Price, Live BSE/NSE, CreditAccess Grameen Ltd. Bids Offers. Buy/Sell CreditAccess Grameen Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes |url=https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/creditaccessgrameen/CG03 |website=Moneycontrol.com |language=en}}</ref>

==History==
CreditAccess Grameen (CA Grameen) was established in 1999 by Vinatha M. Reddy, who was inspired by the book “Give Us Credit” by Alex Counts, President & CEO of [[Grameen Foundation]] USA. Reddy, who was then running an NGO — "T Muniswammapa Trust", managed to obtain a US$35,000 grant from the Grameen Foundation to create a replica in India. As a result, Grameen Koota was born, and as the concept grew in popularity, the company was renamed Grameen Financial Services Private Limited in October 2007. Since then, the former owners have made way for new promoters, including CreditAccess India B.V., a Dutch-based Asia-focused microfinance major that has invested INR 968 crore in CA Grameen since 2009. Udaya Kumar Hebbar joined as CEO in 2010, and has acquired a larger role as MD and CEO since 2016.<ref name='FI'>{{cite web |title=CA Grameen: A Resilient Ecosystem |url=https://www.fortuneindia.com/long-reads/ca-grameen-a-resilient-ecosystem/111839 |website=Fortuneindia.com |language=en |date=3 March 2023}}</ref>

In August 2018, the company was listed on [[National Stock Exchange of India|National Stock Exchange]] and [[Bombay Stock Exchange]] with INR 1,131 crore-IPO.<ref>{{cite web |title=CreditAccess Grameen's Rs 1,131-cr IPO to open on August 8, price band at Rs 418-422 |url=https://www.moneycontrol.com/news/business/markets/creditaccess-grameens-rs-1131-cr-ipo-to-open-on-august-8-price-band-at-rs-418-422-2792781.html |website=Moneycontrol |language=en |date=1 August 2018}}</ref>

In September 2019, [[Citigroup]] partnered with CA Grameen to finance 75,000 Women Entrepreneurs in India.<ref>{{cite web |title=Inclusive Finance in India: Citi Partnering with CreditAccess Grameen to Finance 75,000 Women Entrepreneurs |url=https://www.citigroup.com/global/news/perspective/2019/inclusive-finance-in-india-citi-partnering-with-creditaccess-grameen-to-finance-75000-women-entrepreneurs |website=Citigroup.com |language=en}}</ref>

CreditAccess Grameen acquired Madura Micro Finance at the deal of INR 876 crore in November 2019.<ref>{{cite web |title=CreditAccess Grameen to acquire Madura Micro Finance for ₹876 cr |url=https://www.thehindubusinessline.com/money-and-banking/creditaccess-grameen-acquires-madura-micro-finance/article30097269.ece |website=Thehindubusinessline.com |language=en |date=27 November 2019}}</ref>

CA Grameen also invested INR 150 crore through subordinated debt in Madura Micro Finance in December 2021.<ref>{{cite web |last1=Ray |first1=Atmadip |title=CreditAccess Grameen to infuse Rs 250 crore in subsidiary Madura Micro Finance |url=https://economictimes.indiatimes.com/news/economy/finance/creditaccess-grameen-to-infuse-rs-250-crore-in-subsidiary-madura-micro-finance/articleshow/88416403.cms |website=The Economic Times |date=21 December 2021}}</ref>

[[U.S. International Development Finance Corporation]], the US Government's development finance institution signed a loan agreement of US$35 million with CA Grameen in November 2022.<ref>{{cite web |title=CreditAccess Grameen signs loan agreement with US International Development Finance Corporation |url=https://economictimes.indiatimes.com/industry/banking/finance/creditaccess-grameen-signs-loan-agreement-with-us-international-development-finance-corporation/articleshow/94969143.cms |website=The Economic Times |date=19 October 2022}}</ref><ref>{{cite web |title=CreditAccess Grameen shares rise after raising $35 million from US International DFC |url=https://www.cnbctv18.com/market/stocks/creditaccess-grameen-35-million-dollar-loan-from-us-14982111.htm |website=cnbctv18.com |language=en |date=19 October 2022}}</ref>

In June 2023, CA Grameen signed a syndicated social loan facility of up to US$200 million, the first in the microfinance industry and the fourth in the country.<ref>{{cite web |last1=Ray |first1=Atmadip |title=CreditAccess Grameen signs a $200 million external commercial borrowing deal |url=https://economictimes.indiatimes.com/industry/banking/finance/creditaccess-grameen-signs-a-200-million-external-commercial-borrowing-deal/articleshow/101298038.cms |website=The Economic Times |date=27 June 2023}}</ref>

Ganesh Narayanan was appointed as the CEO with effect from August 1, 2023, while Udaya Kumar Hebbar continues to oversee the firm as MD.<ref>{{cite web |title=CreditAccess Grameen appoints Ganesh Narayanan as CEO |url=https://www.thehindubusinessline.com/companies/creditaccess-grameen-appoints-ganesh-narayanan-as-ceo/article67118707.ece |website=Thehindubusinessline.com |language=en |date=25 July 2023}}</ref>

==References==
<references/>

[[Category:Private sector banks in India]]
[[Category:Banks established in 1999]]
[[Category:Microfinance companies of India]]
[[Category:Microfinance banks]]
[[Category:Community development organizations]]
[[Category:Companies based in Karnataka]]
[[Category:Banks based in Karnataka]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

CreditAccess Grameen - Revision history

MohammadMullen at 00:51, 14 March 2026