yatra - margdarshak · bihar, haryana, uttarakhand & himachal pradesh. snapshot as on september...

YATRAan update on Margdarshak

ISSUE - SEPTEMBER 2017

ABOUT USHeadquartered in Lucknow, Uttar Pradesh, Margdarshak Financial Services Limited (MFSL) is an NBFC-MFI and undertakes financial inclusion in North India particularly Uttar Pradesh, Bihar, Haryana, Uttarakhand & Himachal Pradesh. Working towards the objective of economic empowerment for women and poverty alleviation in North India, MFSL is engaged in providing microfinance to the poor and marginalized communities. The company follows the SHG and JLG methodology for lending to artisans, MSMEs and entrepreneurs both in rural and urban areas.

MFSL is led by a highly competent board consisting of promoters, institutional nominees and independent directors of repute. Cumulative disbursement as of September 30, 2017 has touched Rs. 615.32 crore to over 384511 families through its network of 120 branches in UP, Bihar, Haryana, Uttarakhand & Himachal Pradesh.

SNAPSHOT AS ON SEPTEMBER 2017

Particulars Mar-16 Mar-17 Jun-17 Sep-17

State 4 5 5 5

Districts 42 50 50 50

Branches 89 120 120 120

Borrowers 133847 201185 202006 215602

Loan Officers 288 449 411 387

Employees 487 799 801 776

GLP (cr) 170.86 292.18 285.54 277.34

SHAREHOLDING PATTERNName of Share Holder % Holding

SIDBI 19.73%

Dia-Vikas Capital Pvt. Ltd. 39.89%

Promoter’s & Promoter Group 27.93%

Employee Welfare Trust and Other Individuals 12.45%

Total 100%

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.RATINGS AND ASSESSMENTS

Name of Assessment Year Score

Long Term Bank Facilities (BLR) 2017 Brickwork BBB

SMERA MFI grading 2017 M2C2

CERTIFICATES/AWARDS-- MSME Banking Excellence Award by Chamber of Medium Small Micro Enterprises

- Group Process Excellence Award by Royal Bank of Scotland

Products and Services as of September 30, 2017

Product Portfolio Share (%)Income Generation Loan 98.40%

Home Improvement Loan 1.56%

Clean Energy Loan 0.04%

MARKET POTENTIAL & GROWTH PERSPECTIVES

As on September 30, 2017, MFSL has achieved a GLP of INR 277.34 crore. Over the next 4-5 years the business is expected to register high growth and the growth rates is estimated to settle down around 26% p.a. MFSL has achieved an OSS of 112% which is expected to show more improvement over the next 5 years.

For expanding its outreach, MFSL has identified areas which remain un-served or underserved by microfinance. The key focus of the organisation remains on Uttar Pradesh, Bihar, Haryana, Uttrakhand & Himachal Pradesh over the next 3 years.

GLP & NUMBER OF BORROWERS

29.61 58.41

104.16

170.86

292.18 285.54

277.34

35759 56478 82670

133847

201185 202006 215602

0

50000

100000

150000

200000

250000

0

50

100

150

200

250

300

350

Mar-‐13 Mar-‐14 Mar-‐15 Mar-‐16 Mar-‐17 Jun-‐17 Sep 2017

GLP No. of borrowers



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AUM GROWTH (Rs. in Cr)

25.20 37.39 59.84 119.92

197.08 193.92 190.45

4.41 21.02

44.31

50.93

95.10 91.61 86.90

0.00

50.00

100.00

150.00

200.00

250.00

300.00

350.00


GLP-‐Own GLP-‐BC

CLIENT OUTREACH

32317 41258 54068 82982

128904 129491 145466

3442 12951

28602

50865

72281 72515 70136

0

50000

100000

150000

200000

250000


No. of Borrowers-‐Own No. of Borrowers-‐BC

PAR

0.67% 0.71% 0.67% 0.35%

2.56%

3.67%

2.47%

0.10% 0.08% 0.16% 0.15%

0.88%

2.58%

1.40%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%


PAR PAR>30

STATEWISE DISTRIBUTION OF GLP

BIHAR, 23.40%

HARYANA, 7.26%

HIMACHAL, 0.51%

UP, 68.01%

UTTARAKHAND, 0.82%

NUMBER OF BRANCHES & DISTRICTS

36 45 67

83 83 3 6

12

21 21

1 1

9

11 11

-‐ -‐

1

2 2

-‐

3 3

32 36

42

50 50

0

10

20

30

40

50

60

0

20

40

60

80

100

120

140

Mar-‐14 Mar-‐15 Mar-‐16 Mar-‐17 Sep 17

UP Bihar Haryana U:arakhand Himachal Pradesh District

NUMBER OF STAFF & FIELD OFFICER

142 196 252

487

799 801

776

78 110 155

288

449 411 387

0 100 200 300 400 500 600 700 800 900


Total Staff Field Officer

PBT/PAT

0.41 0.86

1.65

3.33

4.98

1.48

2.51

0.28 0.58 1.05

2.25

3.44

1.00 1.66

0

1

2

3

4

5

6

Mar-‐13 Mar-‐14 Mar-‐15 Mar-‐16 Mar-‐17 Jun-‐17 Sep-‐17

PBT PAT

NETWORTH

8.97 12.73

19.4 22.03

24.92 25.4 26.34

0

5

10

15

20

25

30

Mar-‐13 Mar-‐14 Mar-‐15 Mar-‐16 Mar-‐17 Jun-‐17 Sep-‐17

Networth



PROMOTERS & BOARD OF DIRECTORSRAHUL J. MITTRA, Managing Director & CEOPG in Psychology, has over 20 years of working experience in rural development at grass root level in North India. He has extensive experience in enterprise development and microfinance in the region. His knowledge about livelihood practices and organizational skill building are useful for the organization in development relevant policies, processes and mechanism for comprehensive growth. Also contributes in client education and engagement and bringing client feedback to the board and key stakeholders. Prior to establishing MFSL in 2006, he has worked with Entrepreneurship Development Institute of India and Asian Centre for Organisation Research & Development (“ACORD”).

ARUPJYOTI RAI BARUAH, Whole Time DirectorAlumnus of Institute of Rural Management, Anand (IRMA), & B. Tech from Assam Engineering College, he possesses over 25 years of experience in development and corporate sector. He specializes in enterprise development, business facilitation and loan portfolio audit and contributes to visioning of the organisation and in livelihood interventions. He has worked as a consultant with “UNIDO- Jordan”. He was involved in establishing a business counselling system and provide advisory services to potential entrepreneurs for business identification, planning, implementation and management, facilitate in attracting Foreign Direct Investment to Jordan and Promoting sector specific companies for Joint ventures and Sub-contracting. He was earlier associated with Entrepreneurship Development Institute of India, Nagarjuna Fertilizers and SAIL.

D.P.S. RATHORE, Independent Director (Non-Executive Chairman)Over 36 years of banking experience with the Reserve Bank of India, he retired as Regional Director-RBI in the year 2011. His subject areas of work experience include Banking, finance, currency, public debt, administration, personnel, human resources (specially training field), foreign exchange (including control as well as management), rural credit, training, legal work and education/literacy (financial literacy/education) and disciplinary & domestic enquiry area/ behavioural sciences with specialized areas of industrial relations & communications.He heads the Asset Liability Management COmmittee and HR & Compensation Management Committee and guides the management in the areas of Organizational strengthening, product development and environment management.

K. PRASAD, Independent DirectorMr. Prasad has over 35 years of banking experience with Reserve Bank of India, from where he retired as Chief General Manager. He has extensive experience in the areas of Supervision and Examination of Non- Banking Financial Institutions & Banks including the Developmental Financial Institutions. He holds a M.Sc. Degree and is a Certified Associate of Indian

MISSION“Providing a holistic bouquet of financial products and services to the economically weaker enterprising sections of the community for enabling mainstreaming and socio-economic betterment.”

VISION“Adapting industry best practices in all aspects of organisation for emerging as financial service provider of choice for 5 lakh families in Uttar Pradesh, Bihar & neighbouring states.”

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Institute of Bankers (C.A.I.I.B).He heads the Audit Committee of the Board and Risk Management Committee of MFSL and is engaged in training and guiding the internal audit team of the organisation. He also conducts trainings for the microfinance staff on different aspects of credit & risk management.

SANEESH SINGH, Institutional Nominee, Managing Director, Dia Vikas CapitalHe has over 25 years of experience in the field of development, banking and finance, microfinance, financial inclusion, MSME lending, capital structuring and social and impact investments. He is the CEO of Dia Vikas Capital Pvt. Ltd. (a subsidiary of Opportunity International Australia). He has worked for over 16 years in various managerial capacities in SIDBI, wherein he was part of core team that initiated SIDBI Foundation for Micro Credit (SFMC). He holds a PGD in Information Management and Systems Administration; a Master’s Degree in Social Work and is a British Chevening Scholar of Economics and Political Science. He is an associate of the Indian Institute of Bankers and an alumnus of Indian School of Business.

SAROJ MITTRA, Whole-Time DirectorM. Com. from Calcutta University, she has over 20 years of experience in the field of accounting and finance, direct finance, refinance, development finance and audit . Prior to joining MFSL in 2008, she has worked for over 11 years (1996-2008) in various managerial capacities in different departments of SIDBI. She possesses extensive financial management skills and is responsible for business planning, financial management and risk managements functions in the organisation. She is an associate of the Indian Institute of Bankers.

BHANU PRAKASH VERMA, Nominee DirectorHas 23 years of experience in the field of Development Banking, Promotion & Financing of MSMEs and Micro finance. He has served the Bank in different capacities including Branch Head of important Branches and has rich experience in project finance, treasury, forex operations, technology up-gradation financing, receivable financing, equity financing, Indirect Finance. He is presently posted as Deputy General Manager in SIDBI Foundation for Micro Credit (SFMC) at SIDBI Head Quarter, Lucknow, India. He holds a Masters Degree in Accountancy & Business Statistics from University of Rajasthan, India.

MAITRAYEE BANERJEE, Independent DirectorOver 30 years of banking experience with public sector bank in India and abroad where she retired as General Manager. She has extensive experience in Credit, MSE, Self-Help Groups, Government Sponsored Schemes, Mid-Corporate and Corporate Credit – processing, sanction and monitoring thereof. She also holds experience in Foreign exchange and Treasury Experience.



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WE THANK OUR VARIOUS LENDERS AND LOOK FORWARD TO ACHIEVE TARGETS FOR 2017-18.

CORPORATE OFFICE118, Dayal Farms, Ganeshpur-Rehmanpur, Chinhat, Deva Road, Lucknow-226019 (UP) Ph: 0522-7125400

Deepa Devi lives in Muzzaffarpur, Bihar with her husband and three children. She manufactures Mauli thread and her husband sells leaves at a stall in the market. She came to know about Margdarshak from one of her acquaintance in her locality. She learnt about the products and took a loan of Rs. 15,000. After repaying the same, she has now taken a loan of Rs.20,000/-.

“The loans definitely enable me to make more money. I hope to get a higher amount in the next cycle so that i can buy more stock to produce in higher quantities. If I earn more, my contribution to my family’s well being would be higher and I’d even improve the quality of my production set up too. I am very thankful to Margdarshak for their services.”

yatra - margdarshak · bihar, haryana, uttarakhand & himachal pradesh. snapshot as on september...

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