The IFMR Trust Group has, since 2008, reached over 11 million financially excluded individuals across 24 states and 356 districts in India through its group companies, IFMR Finance Foundation, IFMR Rural Finance, and IFMR Holdings (IFMR Rural Channels and Services (IRCS), IFMR Capital, and Investment Adviser and IFMR Investment Managers – collectively referred to as IFMR Investments). With its focus on both retail and wholesale financial services, the group currently offers its retail rural customers with over 15 products and services, including customized loan, savings, investment, payment, and insurance products suitably designed to meet the needs of rural customers. Through its capital markets platforms, the group works with 5 asset classes in the financial inclusion space. With an objective of building a holistic financial inclusion platform, the group works with all levels of stakeholders, including investors, originators, and end-use customers.
The last year saw the Group achieve important milestones – we crossed the 10 million customer mark while our balance sheet also crossed INR 10 billion. Through our three-pillared strategy of high-quality origination, risk transmission, and risk aggregation, our customer outreach is growing exponentially, while our financial strength works to demonstrate the merit in our approach.
This success is rooted in the support and good wishes of our partners and investors, the hard work and dedication of our team that is now over 1,000 strong, and most importantly, the faith of our customers, who we strive to serve in our mission of complete financial inclusion.
In the short video below Sucharita Mukherjee, CEO, IFMR Holdings, talks about our journey so far with two stories from our work:
One Response
My congratulations to IFMR Trust for staying the course year after year and continuing to have such a large impact on the lives of low-income households across the country.