Business profile and context for SMILE Microfinance Limited as shared in the unlisted market — not a stock exchange fact sheet.
S.M.I.L.E. Microfinance Limited (SMFL) was established in 2004 with the aim of providing credit services to the urban and rural poor in Tamil Nadu. Initially registered as a non-deposit taking NBFC in 2006, it later acquired a Microfinance Institution (MFI) license in May 2015. SMFL operates primarily through the joint liability group (JLG) model, offering financial support to economically-backward women. The company received significant equity infusion from DWM Investments (…
S.M.I.L.E. Microfinance Limited (SMFL) was established in 2004 with the aim of providing credit services to the urban and rural poor in Tamil Nadu. Initially registered as a non-deposit taking NBFC in 2006, it later acquired a Microfinance Institution (MFI) license in May 2015. SMFL operates primarily through the joint liability group (JLG) model, offering financial support to economically-backward women. The company received significant equity infusion from DWM Investments (Cyprus) Limited, which invested ₹25 crores each in FY2010 and FY2011 and currently holds about 66.6% of the company. The promoter group owns 18.6%, while former and current women members collectively hold 13.3%. Tamil Nadu forms the core operational base for SMFL, with Chennai and Madurai alone contributing to 28% of the total Assets Under Management (AUM) as of March 31, 2020
Identifiers, registration fields, and trading parameters we show for SMILE Microfinance Limited.
ISIN
INE786V01012
PAN
AAFCS5614J
Face value
1
CIN
-----
Minimum quantity
130
Leadership titles and names as associated with this company record.
| Title | Name |
|---|---|
| Director | Aleem Remtula |
| CFO | V.T Prabakaran |
| Director | J Bradley Swanson |
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