Introduction

Chaitanya India Fin Credit Private Limited, a systemically important NBFC-MFI and a wholly owned subsidiary of Svatantra Microfin Pvt. Ltd. is headquartered in Bangalore, Karnataka. Heading towards its mission to financially strengthen the low-income families in PAN India, Chaitanya is currently working in 13 states. Chaitanya embarked on the 15th year of progressive operations in the microfinance industry this year. In the technologically growing world, the company also upgraded itself and launched some advanced tools to simplify the processes and enhance efficiency including new LMS, HRMS, Employee reimbursement, and more.

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Our Presence

Chaitanya is constantly exploring boundaries and extending its support towards the rural population. Currently, Chaitanya operates in 13 states – Karnataka, Maharashtra, Bihar, Jharkhand, Uttar Pradesh, Chhattisgarh, Madhya Pradesh, Tamil Nadu, Rajasthan, Gujarat, Odisha, Haryana and Telangana. Expanding into newer states brings Chaitanya closer to its vision to be a Pan India Rural Finance Company.

Chaitanya is impacting more than 1 Million rural lives, resulting from the collaborative efforts of its dedicated employees. Chaitanya is striving to create positive change in the lives of rural India through financial services.

Our Journey

2004: Chaitanya NGO started its operations

Chaitanya, the NGO in its initial years, worked in and around Nayakanahatti village in the Chitradurga district. The NGO worked in the area of children’s education, energy efficiency, and livelihood support for self-help groups.

2009: NBFC license received in Sep

The founders of Chaitanya received for a fresh NBFC registration from RBI and commenced microcredit operations.

2013: NBFC-Received MFI license

Chaitanya earned NBFC-MFI License from RBI in September 2013

2016: First external capital raise

CRIDS received a great equity infusion during the 2nd quarter of FY16‐17, out of which approximately half was injected into Chaitanya India.

2018: AUM crossed INR 500 Crores

Chaitanya achieved a milestone of crossing Rs.500 Cr.

2019: Became part of the NAVI Group

Chaitanya became part of the Navi Group through a majority acquisition by Navi Technologies. Capital infusion of INR 147 Crores.

2021: Secured rating of “A(Stable)” from India Ratings

The Company’s credit rating has improved by 4 notches in one of the most challenging environments.

2022: Crossed 1 million Customer count and AUM at INR 3,000 Crore+

Chaitanya is rapidly growing to be one of the major NBFC-MFi in India.

2023: Crossed the momentous INR5000 Crore AUM mark

Chaitanya was awarded with the Gold Level Client Protection certification by M-CRIL Inclusive microeconomics and obtained the prestigious CRISIL AA-/Stable rating.