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SHAREHOLDERS PROFILE


SIDBI

Small Industries Development Bank of India is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. Set up on April 22, 1990 through an Act of Parliament launched India Microfinance Equity Fund (IMEF) for extending equity for MFIs for poverty alleviation and achieving long term sustainability of operations.The assistance will be utilised by MFIs to improve their equity base, meet CRAR requirements, if any, prescribed by regulatory authorities and leverage the same for additional debt raising and scaling-up of operations, improve efficiency and build a long term commercially sustainable organisation. The assistance would help the MFIs to develop and introduce new products and micro finance services to the people and leverage funds from other social investors.


SIDBI
The North Eastern Development Finance Corporation Ltd (NEDFi) is a Public Limited Company registered under the Companies Act 1956 on 9th August, 1995. NEDFi provides financial assistance to micro, small, medium and large enterprises for setting up industrial, infrastructure and agri-allied projects in the North Eastern Region of India and also Microfinance through MFI/NGOs. RGVN (NE) MFL has approached NEDFI for equity participation in the year 2011 after taking over the business from RGVN [Society]. NEDFi has participated in the equity capital of RGVN (NE) MFL in view of the mission alignment of serving North East India
SIDBI
Brahmaputra Community Development Trust (a for-profit Trust) was floated by RGVN-Society to utilize the Trust for transformation of the microcredit wing of RGVN-Society into an NBFC-MFI. RGVN-Society has also invested into the equity of RGVN(NE)MFL through BCDT.
SIDBI
The Mutual Benefit Trust (MBT)s hold shares in RGVN(NE) MFL on behalf of 51520 customers who invested initial capital for registration of the company with RBI. Seven MBTs were registered for accommodating investment of 51,520 clients equity contributions into the Company.


SIDBI
Dia Vikas Capital is a Core Investment Company owned by Opportunity International Australia. The company setup in 1996 has a vision to see local indigenous microfinance, livelihood and development service partners assist millions of poor people to be lifted out of poverty permanently. Their parent organization, Opportunity International Australia currently focuses its work in India, Indonesia, the Philippines, China and Ghana. With more than 40 years’ experience of working with the poor, Opportunity is currently providing a way out of poverty for millions of people in more than 20 developing countries. Dia Vikas Capital has been investor since inception of the organisation. Dia’s support to the RGVN (NE) Microfinance and Microfinance industry as a whole is remarkable. Dia was the first investor in 2011 after obtaining NBFC license from RBI.
SIDBI
OIKO Credit International, founded in the year 1968 meeting of the World Council of Churches with young politically engaged church members, from a variety of denominations, calling for an ethical investment channel that supports peace and universal brotherhood. From the inception OIKO’s goal has been to promote social justice by providing credit to productive enterprises run by disadvantaged people. OIKO Credit joined RGVN(NE)MFL as an equity partner in 2014 along with NMI for further strengthening the latter’s capital base to reach its vision of serving 5 lakh poor households by 2017.
SIDBI
Established in 2008 as cooperation between the public authorities and private investors in Norway, Norfund, the Norwegian Development Finance Institution, represents the Government of SNorway, and the private investors consist of DNB Livsforsikring, Ferd, KLP and Storebrand. The Mission of NMI is to contribute to the empowerment of poor people and to the creation of jobs, wealth and economic and social sustainability in developing countries by investing in and supporting Microfinance Institutions ("MFIs"). Norwegian Microfinance Initiative invested in RGVN(NE) MFL in 2014 as its vision aligns with their social responsibility.
Individual
Some individual shareholders have also invested in the equity of RGVN microfinance at the time of its formation as the initial promoting members.



FUNDERS
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Individual       Individual        Individual         
BANKERS
Individual        Individual        Individual        Individual        Individual
Individual        Individual        Individual        Individual        Individual
Individual   Individual            
DEBENTURE HOLDERS

 

Name Address E-mail-ID
Microfinance Initiative for Asia[MFIA] Debt Fund SA SICAV-SIF 31,ZA. Bourmicht, Luxembourg, Pin-L-8070

nikunj.oil@blueorchard.com
aditya.mohan@blueorchard.com
eleonora.castaldo@blueorchard.com

AAV S.A.R.L(Luxembourg) 20 rue da la poste,L-2346 Luxembourg Grand Duchy philipp.jung@symbioticsgroup.com prashant.bhardwaj@symbioticsgroup.com


 

Contacts details of designated officials for handling & assisting debenture holders grievances  

Name Designation E-mail-ID Contact details
Prem Kiran Varikuty Vice President- Finance prem@rgvnnemfl.com 0361-2464612
Pragati Mour Company Secretary pragati@rgvnnemfl.com