Milestones
The SHARE journey
24-25
23-24
22-23
20-21
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
2024-2025
- ICRA assigned a long-term rating of [ICRA]BBB-. The Outlook on the long-term rating is Stable.
- ICRA has assigned [ICRA] A(SO) for the Pass – Through Certificates (PTCs) backed by microfinance loan receivables originated by Share Microfin Limited.
- Added 3 new lenders to the borrowing profile.
2023-2024
- Added 7 new lenders to the borrowing profile and secured Term loan sanctions of Rs. 151 Cr.
- Executed Direct Assignment transactions worth Rs. 45 Cr of Microfinance pool in December 2023 and March 2024 with Annapurna Finance.
- ICRA has assigned “[ICRA]A-(SO)” for the Pass-Through Certificates (PTCs) backed by micro loan receivables originated by Share Microfin Limited.
- Executed PTC transactions worth of about Rs. 48 Cr. with MAS Financial Services.
2022-2023
- Secured Business Correspondent (BC) sanctions of Rs. 500 Cr from ESAF, SIDBI and ICICI Bank.
- Successfully repaid all AP - MFI crisis related obligations.
- Secured Term loan funding of Rs.25 Cr from Maanaveeya Development & Finance Pvt. Ltd.
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Strengthened Board with appointment of two new directors:
- Mr. Rajender Mohan Malla (Former Chairman and Managing Director of SIDBI and IDBI Bank) as Independent Director
- Mr. Verghese Kurudamannil Jacob (Head of Marketing, Industrial Products & Group Vice President (HRD) with Godrej & Boyce group and former Ombudsman of the Bharat Financial Inclusion Limited) as a Director.
- Implemented Business Correspondent (BC) operations successfully by disbursing Rs.124 Cr.
- Chosen to contribute and participate in MFR impact study and 60 decibels customer experience survey study.
2020-2021
- SHARE has been selected from India for CGAP digitization project both Measurement Workstream and Automation Workstream.
- SHARE has been assigned "MFI 2" grading by CARE Advisory Research and Training Limited.
- SHARE has been assigned "C2" SMERA Rating on a five point scale C1 to C5
- Introduced SHARE Staff Mobile App
- Introduced SHARE Client Mobile App
2019-2020
- Initiated Cashless Repayment options to clients
- 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