Suryoday Small Finance Bank
Lok III
Founder(s):
R Baskar Babu
Suryoday is a microfinance institution headquartered in Mumbai, serving the economically active poor populations in urban and semi-urban areas in the states of Maharashtra, Tamil Nadu, Gujarat, Orissa, Karnataka and Rajasthan. The company’s operations are aimed at improving the standard of living and level of financial inclusion of the economically challenged sections of the populations in the company’s geographies of operation, by helping them generate higher income and by assisting them in building an asset base through financing at an affordable cost. Suryoday is one of the 5 Lok investments that received the first set of SFB approvals granted by RBI in 2015, and subsequently had its IPO in 2021.
Financial Services
Sector
Microfinance
Sub Sector
Pan-India
Region of Operations
2017
Year of Investment
Venky, Rini
Deal Team
Exited
Status
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