Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Interesting Articles

| More

SATYA MicroCapital raises INR 105 crore equity funding from Japan-based Gojo & Company Inc.

Posted On: 2020-05-25 23:04:39 (Time Zone: IST)

During the increasingly aggravating epidemic of COVID-19, where the national economy is being significantly impacted, SATYA MicroCapital Limited, one of the leading and fastest growing micro-lending companies in the nation, has raised INR 105 crore in equity funding by Gojo & Company, Inc. This is one of the first investments in the Microfinance sector after the nationwide lockdown.

To inhibit the nationwide turbulence created by a lethal coronavirus, India entered an outright lockdown, on 25th March 2020. The aftermath of the move is likely to severely affect the upcoming FY 2020 - 21. In times like these, SATYA aspires to successfully regulate the funds for enacting its commitment towards reaching out to mass parting of migrant workers and meagre people who are facing adverse effects of the pandemic. The recent capital infusion will be trajected in a diversified manner for employment generation and livelihood rehabilitation across terrestrial footprints in the country.

Mr. Vivek Tiwari, MD & CEO, Satya MicroCapital Ltd. stated, "We are grateful to Gojo & Company, Inc. for their continued belief in us. This shows trust of our investors in the company as well as in the MFI industry which is exceptionally praiseworthy. The extent of confidence Mr. Sanjay Gandhi and Mr. Taejun Shin have fostered in our organization holds paramount significance for us and serves as a clear indicative of our substantial strength, intrinsic values, and reliability. This further validates our business model and the responsible growth we have achieved in last 3 years. Yielding capital infusions like this during the hazardous outbreak of such a pandemic is rare. Gojo not only holds a deep understanding of the microfinance sector in Asia but also shares our long-term vision of building a high-quality organisation serving people at the bottom of the economic pyramid. We are certain that the capital infusion will serve as driving force to SATYA for reinforcing its vision of being a catalyst for the socio-economic upliftment of 5 million households by the year 2025, which will enable us to empower more and more entrepreneurs from the underserved sections of society".

Owing to the persevering bounce back power, adaptability to change and resilience of MFI industry; the industry will again prevail stronger than ever before and will certainly win over the contagious COVID - 19 crisis Given the fact that once the pandemic crisis is over, destitute section of the population will look forward to the microfinance sector for coming back to their normal lives. The sort of sectoral confidence and strength industry has illustrated in the past, serves as an imperative evidence that MFI strata will play an integral role in eradicating the domestic distress via credit-based poverty reduction strategy and will relevantly develop the underserved at an exponential speed.

Gojo & Company, Inc., is a Japan-based holding company of microfinance institutions around the world that aims to provide financial access for everyone in developing countries via MFIs. The company is headquartered in Tokyo and has subsidiary microfinance institutions in various countries such as Cambodia, Sri Lanka, and Myanmar.

Mr. Sanjay Gandhi - Founder & Chief Investment Officer, Gojo & Company Inc. said "It gives Gojo great pleasure to close the INR 105 crores equity funding round with Satya Microcapital Limited. Despite these tough COVID times, Gojo's confidence on Satya remains as strong as ever. We are positive that Vivek Tiwari and the highly committed Satya team will make the best use of the fresh equity and continue with its journey to provide financing support to micro entrepreneurs across the nation. With Vivek at the helm of affairs, we do believe that in the days ahead, Satya will emerge stronger and we will see more adoption of technology to make Satya the MFI that will set the highest standards for others to emulate".

SATYA MicroCapital Limited is one of the India's leading RBI registered NBFC - MFIs, with a hardworking and dedicated team of 1800+ employees. Having commenced its operations in January 2017, SATYA is integrally focused towards the provision of a consistent and essential passage for making financial services accessible to marginalized sections of the society. The company caters to a diverse range of 3.8 lac+ wide client base which primarily accounts to married women who own businesses and are looking for means of expansion, income growth or income generation. The organization fundamentally serves low-income, underserved entrepreneurs by extending microloans across rural and semi-urban areas in the country. SATYA has a massive presence in over 15,000+ villages through 145+ branches in 131 districts across 22 states and intends to scale up its presence henceforth for extending its distinguished financial services in a broader spectrum.

Click here to send ur comments or to

Other Headlines:

Electricity (Amendment) Bill 2021 - A Review - Balaji Vaidyanath and Devang Patel

Tips to save Income tax in FY 2021-22

NPS Growing at Decent Pace, Performed Well Even During Pandemic Period: PFRDA Chairman

The Yamuna Syndicate Limited acquires 20,000 shares of ISGEC Heavy Engineering Ltd from open market

Decoding: Pledging of shares and upfront margins in the cash market!

SIDBI joins hands with Govt. of Rajasthan for the development of MSME ecosystem in the State

Are promoters using rights issue to increase their stake in the company?

All you want to know about Rights Entitlement

45% of the customers have taken moratorium PAN India; more observed in the northern region of the country: Finway

DISCOM dues balloon to ₹1.199 trillion

TNPL recommends dividend of Rs. 6 - Dividend Yield @ 5.45%

HUDCO - Rs. 2.35 dividend recommended - Dividend Yield @ 7.01%

PTC India Ltd - Rs. 5.50 dividend recommended - Dividend Yield @ 11.46%

PNB Gilts Ltd - Rs. 3 dividend recommended - Dividend Yield @ 8.57%

How to apply for Rights Issue of Arvind Fashions Limited?

How to apply for Rights Issue of Aditya Birla Fashion and Retail Limited?

An insight on Aarti Surfactants Limited

Covid-19 and its impact on businesses

Nifty Gained 8% in the June Series, Bank Nifty Surged 12%-Highest Since March 19 - HDFC Securities

IMF Growth Revision for India - Acuité Ratings & Research

Co-operative Banks - RBI Supervision - Acuité Ratings & Research

HDFC Securities views on relaxations announced by SEBI

India can reduce China trade deficit by over $8 billion in FY21-22 - Acuité Ratings & Research

How can investors preserve their wealth during times of crisis

JM Financial Yield Enhancer (Distressed Opportunity) Fund I raises Rs.160 crore in its first close

Samco Securities launches BTPT - Buy Today, Pay In Two days for Investors Buying Stocks

No data breach of BHIM app: Report

India's sovereign rating downgrade by Moody's - Acuité Ratings & Research

Banking Sector Credit Trends - Unusual trends - HDFC Securities

Rollover Report for May - June 2020: Angel Broking

Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research on Q4 GDP

Mr. Dhiraj Relli views on GDP Numbers - HDFC Securities

Banking Sector Update - NIM compression on the cards - HDFC Securities

May series ends with a bang: Angel Broking

May 2020 F&O Series Expiry - Mr. Nandish Shah, Technical Research Analyst, HDFC Securities

Views on Impact of Locusts Attack on Agriculture - Acuité Ratings & Research

ICAI establishes Center for Audit Quality

Bharti Telecom raised over Rs. 8433 crores through Accelerated Book-build offering of equity shares of Bharti Airtel

Mr. Rajnish Kumar, Chairman, SBI & IBA on the announcements made by RBI today

Views of Mr. Umesh Revankar, MD and CEO, Shriram Transport Finance on RBI announcement

Views of Mr. George Alexander Muthoot, MD, Muthoot Finance on RBI announcement today

Views of Ms. Anagha Deodhar - Economist, ICICI Securities on the RBI announcement today

Views on RBI Policy announcement today - Federal Bank

RBI Monetary Policy (May 2020) by Shanti Ekambaram, Group President - Consumer Banking, Kotak Mahindra Bank

Religare Finvest Ltd. on today's monetary policy by RBI

RBI monetary policy announcement - Mr. Jyoti Roy, DVP Equity Strategist, Angel Broking Ltd

RBI's proactive measure will help revive economy: Dr.Niranjan Hiranandani

Mr. Dhiraj Relli views on today's announcement made by RBI

Views of Mr. R K Gurumurthy, Head - Treasury, Lakshmi Vilas Bank on the RBI announcement today

Suvodeep Rakshit, Vice President & Sr. Economist, Kotak Institutional Equities on RBI announcement

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020