Chaitanya commenced its microfinance operations in October 2007 at Nayakanahatti village in Chitradurga district. For two years Chaitanya carried out its microfinance operations as a NGO.
In October 2009, Chaitanya obtained a Non-Banking Finance Company (NBFC) license
from Reserve Bank of India for a newly registered company, Chaitanya India Fin Credit
Private Limited (CIFCPL). Since October 2009, CIFCPL is conducting microfinance operations
as a profit company.
Chaitanya Rural Intermediation Development Services Private Limited (CRIDS) a Bangalore based NBFC is the 100% holding company of Chaitanya India Fin Credit Pvt Ltd (CIFCPL).
About the Logo
Chaitanya’s logo is the graphical representation of the
coconut tree which has a strong significance in rural areas. The coconut tree represents the
values of usefulness. We would like to serve our customers in the most efficient manner
similar to a coconut tree. In between the fronds the logo also represents people and the
spirit of team work.
"Improving lives of Low Income Families through provision of Financial Services and ensuring
sustainable Shareholder Returns."
Chaitanya's Vision is to be a Pan India Rural Financial Services Company meeting the full
spectrum of financial service needs for the low and middle Income Rural Customers.