Milestones

The SHARE journey

19-20
18-19
17-18
16-17
15-16
14-15
13-14
12-13
11-12
10-11
09-10
08-09
07-08
06-07
05-06
04-05
03-04
02-03
01-02
00-01
99-00
2019-2020

  • Initiated Cashless Repayments
  • Integrated Centralised Cash Deposits

2018-2019

  • Rolled out centralised KYC
  • Focus on cashless disbursement and recovery processes
  • Mobile software piloted in operations
  • Migrated to Web based technology

2017-2018

  • Demerger Sanctioned
  • Successful implementation of demerger
  • Compliant with all regulatory requirements including NOF, CRAR
  • Successfully handled demonetisation impact
  • Cashless disbursement modes introduced
  • Utilised Bio-metric attendance and monitoring systems.

2016-2017

  • Application for demerger filed with necessary stakeholders approvals
  • Received RBI’s forbearance extension for NOF & CRAR requirements.

2015-2016

  • Tranche-C funding proposal taken up
  • Demerger plan finalized with all stakeholders

2014-2015

  • Re-classified as NBFC-MFI by RBI
  • Consolidated operations

2013-2014

  • Demerging of Andhra and Non- Andhra operations mandated as the apt way forward by senior level bankers
  • Fresh funding approved by lenders
  • Adopted Fair Practice Code and Grievance Redressal Mechanism in line with RBI guidelines
  • Facilitated GOI’s Swavalamban Yojana
  • Received forbearance from RBI on CRAR and NOF requirements

2012-2013

  • Introduced Human Resource Payroll Management Module, further strengthening IT processes of the company
  • Company’s request for taking up securitization approved

2011-2012

  • As per lenders’ advice, entered into Corporate Debt Restructuring
  • All compliances as per guidelines met
  • Operations in states other than AP performed well at 98% Repayment Rate

2010-2011

  • Set for an IPO
  • AP MFI Act crisis jolted the sector, including SHARE
  • RBI's special dispensation to lender’s exposure to AP MFIs and acknowledgement that crisis was due to external environmental factors and not credit- weakness per-se

2009-2010

  • Ranked 12th in 2009 MIX global 100
  • Ranked amongst top 3 MFIs as per CRISIL’s top 50 MFIs in India
  • Accredited A1+ for Securitisation Transaction
  • SBI’s first exposure to Microfinance sector through term loan to SHARE
  • First MFI to raise Tier – II Capital (Subordinate debt) of Rs. 100 Cr
  • Listed on Wholesale Debt Market segment of Bombay Stock Exchange (BSE)
  • Worked with Deutsche Bank for strengthening the Credit Scoring Model
  • Played active role in formation of Credit Information Bureaus and SROs for NBFC – MFI sector

2008-2009

  • Expanded presence across 6 new states, marking presence in total of 16 states
  • Highest grading of MFI 1 assigned by CARE
  • Made tie ups for offering Health insurance to clients
  • 10% of portfolio diversified to Individual loans
  • Tie ups with TATA Communications and Reliance Communications to interconnect branches with Head office on real time basis
  • SHARE’s Annual Reports won two Bronze Awards at the Pepper Awards

2007-2008

  • Offered Money Transfer Services
  • Expanded into 5 new states, marking presence in 10 states
  • Further diversified product offering to include Sanitation loans, Personal loans

2006-2007

  • Crossed benchmark of serving over 1 Million Clients
  • First MFI to raise Equity investment of Rs. 122 Crore from Marquee Investors

2005-2006

  • Offering services in 300 branches across 5 states
  • Successfully handled the Krishna District Crisis

2004-2005

  • Introduced Housing Loan
  • Attained Rs. 100 Cr portfolio
  • Introduced Education Loan Product
  • MCril rating of ‘Alpha Plus’ signifying very high safety with good systems
  • Partnership model collaboration with ICICI Bank

2003-2004

  • First MFI in Asia to securitise unsecured micro loans
  • Geographic expansion into Chhattisgarh and Karnataka
  • Established regional training centres
  • Provided technical assistance to other MFIs overseas

2002-2003

  • Attracted attention from US Treasury Secretary and US Ambassador
  • Introduced Micro Enterprise Loans
  • 100th Branch Inaugurated
  • Conferred with “Lifting Up the World with Oneness Heart” by the UN Peace Foundation

2001-2002

  • Initiated Village Power Project to promote the use of Solar Energy
  • Village Vision Project a training program to promote the use of eye glasses
  • Commenced formal Impact Assessment Studies

2000-2001

  • Rated as a strong and quality MFI by MCril and CRISIL
  • Awarded with “Excellence in Microcredit” by the Grameen Foundation, USA

1999-2000

  • Incorporation of SHARE
  • Achieved operational self- sufficiency