The top microfinance institutions in India are the frontrunners for financial inclusion and supporting rural communities, women entrepreneurs and micro, small, and medium enterprises.
By 2025, microfinance institutions (MFIs) will be harnessing technology, digital onboarding and regulatory compliance to deliver credit in an efficient manner. And choosing the right tech partner, like Hutech Solutions will help you leverage modern technologies to modernize the operating model of MFIs, grow at scale and improve customer experience.
If you are interested in the leading MFIs you can use our list of the Top 10 Microfinance Companies in India.
1. Svatantra Microfin Pvt. Ltd.
Svatantra Microfin, founded by Ananya Birla, is one of India’s leading microfinancers in India with more than ₹14,900 crore in assets. Svatantra operates in 19 states and over 2,000 branches, providing digital-first microloans and empowering rural women through financial and inclusion literacy programming.
CreditAccess Grameen, headquartered in and serving on a visible basis an all-India basis from Bengaluru, serves over 4 million women borrowers and is the largest microfinance organization using Joint Liability Group (JLG) models. The Company adheres to prudent compliance and has AA-stable credit ratings making it one of the most prestigious and trustworthy providers in microfinance.
3. Ujjivan Small Finance Bank
Ujjivan started as a microfinance institution (MFI) and transitioned into a Small Finance Bank (SFB) in 2017. It has around 6 million customers and provides microloans, savings accounts and insurance, and is thereby an important banking option for rural and semi-urban operations.
4. Bharat Financial Inclusion Limited (BFIL / SKS Microfinance)
BFIL, also known as SKS Microfinance, specializes in group lending to rural women entrepreneurs and their livelihoods in India. It has helped millions obtain financial independence and access to credit.
5. Bandhan Bank
Bandhan started as a microfinance institution and became a full-service bank in 2015. Their continued focus on inclusivity led them to open 6,000+ branches across the country.
6. Spandana Sphoorty Financial Ltd.
Hyderabad-based Spandana Sphoorty is among the top microfinance companies in India, serving rural households in 18+ states with transparent lending and impact-driven programs.
7. ESAF Microfinance & Investments (P) Ltd
ESAF Microfinance in Kerala uses a community-driven developmental approach of lending, providing insurance, and savings products. The use of cashless disbursals and digital onboarding further aspires to increase efficiency and financial inclusion.
8. Equitas Small Finance Bank
Equitas evolved from an MFI to an SFB, with 5+ million customers. It prioritizes financially underserved segments and CSR programs, ensuring sustainable community growth.
9. Fusion Microfinance Pvt. Ltd.
Fusion Microfinance operates in 22 states, providing loans to women borrowers in rural and semi-urban areas. It also has financial literacy programs, making it an MFI with social responsibility.
10. Arohan Financial Services Ltd.
Arohan is a leading microfinance organization, based in Eastern India, offering microloans and MSME credit both regionally inclusive and with regulatory compliance.
Why These Top Microfinance Companies Lead in 2025
- Extensive rural reach and scale
- Women-focused lending models
- Digital-first operations for faster disbursals
- Strong regulatory compliance
- Investor-backed growth and scalability
With RBI easing microfinance regulations in 2025, these institutions are well-positioned for rapid growth and digital transformation.
Empowering the Future of Banking with Hutech Solutions
Hutech Solutions is a trusted software services partner, delivering cutting-edge banking and financial technology solutions to leading banks, financial institutions, and microfinance organizations. We specialize in transforming traditional, manual operations into streamlined, digital-first ecosystems.
Our suite of services includes comprehensive Banking ERP and CRM implementations, along with powerful digital transformation applications such as:
- Mobile Banking Solutions
- Customer Onboarding
- Risk Assessment Tools
- Loan Application Processing & Amortization
- eKYC & VKYC Integration
- Collections Management
- Support & Maintenance Services, and more.
With deep domain expertise and a strong focus on automation, we help organizations accelerate efficiency, reduce operational costs, and enhance customer experience.
Let’s Shape Your Digital Banking Journey
Ready to future-proof your banking and financial services?
Connect with us to explore your software roadmap. Our technology experts will guide you on how Hutech’s AI-lead service and delivery can help your organization optimize cost, improve time-to-market, and achieve measurable success through smart digitization.
Microfinance Market Scope 2025
- Grow 20-25% annually thanks to digital lending and demand for rural credit
- Continuing consolidation (ie Svatantra acquiring Chaitanya)
- Greater interest from investors will enhance the scalability of the sector.
Conclusion
The Next Generation of Microfinance Companies in India (2025) are changing the landscape of inclusive finance, using technology, and social impact to do so.
Partnering with Hutech Solutions as a go to digital Transformation partner, MFIs can build scale securely, provide better customer experiences, and fast track financial inclusion in India.
Frequently Asked Questions
Microfinance companies offer small loans (microloans) to low income individuals or groups who have limited or no access to traditional banking.
The top microfinance companies include Svatantra Microfin, CreditAccess Grameen, Ujjivan SFB, Bandhan Bank, Spandana Sphoorty, and Fusion Microfinance.
Yes, the Reserve Bank of India (RBI) has regulatory oversight over Non-Banking Financial Companies – Microfinance Institutions – NBFC-MFI’s, under its lending and capital standards.
Hutech Solutions provides core banking modernization, digital lending as well as Artificial Intelligence powered analytics to help microfinance companies minimize costs, drive scale, and improve customer engagement.
Microfinance companies provide access to small loans, creating access and opportunity for poverty alleviation, women’s empowerment in rural areas, entrepreneurship development and financial inclusion.
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