Company lists · Data refreshed September 2026

Top 25 Microfinance development banks based in India

Name: Microfinance development banks based in India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 17, 2026 410 companies tracked

RevenueBase identified 410 company matches for microfinance development banks associated with India as of September 2026 and tracks 103,417 professional contacts across them, including 11,243 with verified work emails. Mumbai is the largest hub.

This list covers company matches for microfinance development banks associated with India, found by RevenueBase SmartSearch using the meaning of business descriptions in its company graph at Exact. Ranked by professionals tracked, largest first. Rows show recorded descriptions where available, Exact search membership and the snapshot date. Data refreshed September 17, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase SmartSearch, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list RevenueBase SmartSearch · Exact Recorded Sep 17, 2026 How this list was built

410Companies

103,417Contacts tracked

11,243Verified emails

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The 25 largest microfinance development banks based in India

Ranked by team size

Top 25 of 410 company matches for microfinance development banks based in India, ordered by professional contacts tracked in RevenueBase, largest first. Recorded Sep 17, 2026. The RevenueBase SmartSearch column shows Exact match membership in this saved search. Click a contact count to view that company's people. Totals use company locations recorded by RevenueBase; the displayed preview is a smaller selection.
#	Company	RevenueBase SmartSearch	Headquarters	Employees	Contacts
1	Utkarsh Small Finance Bank	Exact match	Varanasi, IndiaHQ recorded Sep 17, 2026	10001+	9,279 contacts →
	Exact match “Utkarsh Small Finance Bank Limited (USFBL), incorporated on April 30, 2016, is engaged in providing banking and financial services with a focus on the underserved and unserved…” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
2	Sammaan Capital Limited	Exact match	Mumbai, IndiaHQ recorded Sep 17, 2026	5,001-10,000	7,092 contacts →
	Exact match “Sammaan Capital is committed to being the most preferred choice for financial services, built on reliability, transparency, and a deep culture of respect.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
3	Spandana Sphoorty Financial Limited	Exact match	Hyderabad, IndiaHQ recorded Sep 17, 2026	10001+	3,727 contacts →
	Exact match “Spandana Sphoorty Financial Limited (SSFL) has been operating as a Non-Banking Finance Company (NBFC) incorporated under the Companies Act, 1956 and licensed by the Reserve Bank…” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
4	Satin Creditcare Network Limited	Exact match	Gurgaon, IndiaHQ recorded Sep 17, 2026	10001+	3,407 contacts →
	Exact match “Satin Creditcare Network Limited (SCNL or Satin) is a leading microfinance institution (MFI) in the country with a presence in 26 states & 4 union territories and over villages.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
5	AYE Finance LTD	Exact match	Gurgaon, IndiaHQ recorded Sep 17, 2026	10001+	3,379 contacts →
	Exact match “Headquartered in Gurgaon, Aye Finance is a new-age finance company providing business loans to small and micro enterprises across India.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
6	Muthoot Microfin	Exact match	Kochi, IndiaHQ recorded Sep 17, 2026	10001+	3,274 contacts →
	Exact match “Muthoot Microfin is a part of the Muthoot Pappachan Group (MPG).” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
7	Nabard	Exact match	Mumbai, IndiaHQ recorded Sep 17, 2026	10001+	2,829 contacts →
	Exact match Recorded description not available. Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
8	Suryoday Small Finance Bank LTD	Exact match	Navi Mumbai, IndiaHQ recorded Sep 17, 2026	5,001-10,000	2,766 contacts →
	Exact match “Suryoday Small Finance Bank is a new age bank that was converted from a micro finance institution having served over a million customers since 2009.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
9	Arohan Financial Services Limited	Exact match	Kolkata, IndiaHQ recorded Sep 17, 2026	5,001-10,000	2,256 contacts →
	Exact match “Established in 2006 in Kolkata, Arohan Financial Services Limited, a part of The Aavishkaar Group, is among India’s largest NBFC MFIs.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
10	Vistaar Financial Services PVT LTD	Exact match	Bangalore, IndiaHQ recorded Sep 17, 2026	1,001-5,000	2,038 contacts →
	Exact match “The idea of Vistaar dawned on the minds of two first-generation entrepreneurs, who truly believe in supporting and creating new economic opportunities through credit provisioning…” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
11	Svatantra Microfin Pvt. LTD	Exact match	Mumbai, IndiaHQ recorded Sep 17, 2026	5,001-10,000	2,000 contacts →
	Exact match “Svatantra Microfin Private Limited (Svatantra), an NBFC-MFI, has impacted more than 30 million lives since inception in 2012.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
12	Veritas Finance Limited	Exact match	Chennai, IndiaHQ recorded Sep 17, 2026	1,001-5,000	1,923 contacts →
	Exact match “Veritas Finance Limited (formerly known as Veritas Finance Private Limited) is an organization started with the primary intention of reaching out to the customers who either have…” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
13	Belstar Microfinance Limited	Exact match	Chennai, IndiaHQ recorded Sep 17, 2026	10001+	1,843 contacts →
	Exact match “Belstar Microfinance Limited, a subsidiary of Muthoot Finance, is a leading NBFC-MFI committed to digital financial inclusion and women’s economic empowerment.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
14	Finova Capital	Exact match	Jaipur, IndiaHQ recorded Sep 17, 2026	1,001-5,000	1,549 contacts →
	Exact match “Finova stands for financial innovation.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
15	Fusion Finance LTD	Exact match	Gurgaon, IndiaHQ recorded Sep 17, 2026	5,001-10,000	1,515 contacts →
	Exact match “At Fusion, we believe that financial empowerment is the foundation of meaningful progress.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
16	Chaitanya India FIN Credit PVT LTD	Exact match	Bangalore, IndiaHQ recorded Sep 17, 2026	5,001-10,000	1,406 contacts →
	Exact match “Chaitanya India Fin Credit is a wholly owned subsidiary of @Svatantra Microfin Pvt.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
17	Sidbi Small Industries Development Bank Of India	Exact match	Lucknow, IndiaHQ recorded Sep 17, 2026	501-1,000	1,376 contacts →
	Exact match “Set up on April 2, 1990 under an Act of Indian Parliament as a principal financial institution for- Promotion - Financing and - Development of industries in the MSME sector and -…” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
18	Satya Microcapital Limited	Exact match	New Delhi, IndiaHQ recorded Sep 17, 2026	5,001-10,000	1,265 contacts →
	Exact match “Founded in October 2016 and headquartered in New Delhi, SATYA MicroCapital Ltd.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
19	Capital Small Finance Bank Limited	Exact match	Jalandhar, IndiaHQ recorded Sep 17, 2026	1,001-5,000	1,098 contacts →
	Exact match “Capital Small Finance Bank, headquartered in Jalandhar, Punjab, began its journey in and, in April 2016, became India’s first Small Finance Bank.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
20	Five-Star Business Finance Limited	Exact match	Chennai, IndiaHQ recorded Sep 17, 2026	1,001-5,000	1,079 contacts →
	Exact match “Despite the numerous advancements that India has achieved over the last few decades and the significant strides that we as a country have made in the domain of financial services…” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
21	Midland Microfin LTD	Exact match	Jalandhar, IndiaHQ recorded Sep 17, 2026	1,001-5,000	1,071 contacts →
	Exact match “With its headquarters nestled in Jalandhar, Punjab, MML embarked on a remarkable journey dedicated to the Financial & Social Empowerment of Women.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
22	Samasta Microfinance Limited	Exact match	Bangalore, IndiaHQ recorded Sep 17, 2026	5,001-10,000	1,009 contacts →
	Exact match “IIFL Samasta Finance Limited (Formerly Samasta Microfinance Limited), is a financial institution committed to working towards women’s economic empowerment.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
23	Fusion Microfinance	Exact match	New Delhi, IndiaHQ recorded Sep 17, 2026	201-500	917 contacts →
	Exact match “Fusion Microfinance is a registered NBFC – MFI which operates in a Joint Liability Group lending model of Grameen.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
24	Dvara Kgfs	Exact match	Tamilnadu, IndiaHQ recorded Sep 17, 2026	1,001-5,000	805 contacts →
	Exact match “Dvara Kshetriya Gramin Financial Services Private Limited (Dvara KGFS) is a leading non-banking financial company (NBFC) that operates in remote rural areas of India.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase
25	Moneyboxx Finance Limited	Exact match	Mumbai, IndiaHQ recorded Sep 17, 2026	1,001-5,000	780 contacts →
	Exact match “We are a RBI registered NBFC providing small business loans to micro- micro entrepreneurs in Tier 3 and beyond cities in India.” Recorded in the RevenueBase company graph · Sep 17, 2026 · View company records in RevenueBase

RevenueBase SmartSearch

Describe a niche business in your own words. RevenueBase SmartSearch compares the meaning of your description with company business descriptions compiled in the RevenueBase company graph. Exact, Similar, Related and Broad control how closely companies must fit.

This list uses Exact for “microfinance development banks”. Each Exact match badge shows membership in that saved search; it is not an individual similarity score or a service-quality rating. Recorded descriptions are shown where available.

Showing 25 of 410 microfinance development banks based in India

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Microfinance development banks based in India at a glance

As of Sep 17, 2026

10.9%Verified-email coverage

252.2Average contacts per company

51-200Median size (employees)

8.0%Largest-city concentration · Mumbai

Sep 17, 2026Page data refreshed

Companies by employee count

1-10

11-50

51-200

201-500

501-1,000

1,001-5,000

5,001-10,000

10001+

Email recency for this list is measured worldwide rather than for India, so it is reported there. Company counts and contact totals on this page are exact for India, over 410 companies.

How this list was built

The recorded descriptions help you assess these company matches. Check a company’s website for its current services and locations.

Source: The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase SmartSearch, the natural-language company search available to every RevenueBase user.
What qualifies: Company records associated with India whose business descriptions match “microfinance development banks” by meaning at the Exact setting. Descriptions are compiled in the RevenueBase company graph from public websites, profiles and company information where available; they are not guaranteed quotations from the company's website.
RevenueBase SmartSearch: Describe a niche company in your own words to find businesses by meaning. Exact, Similar, Related and Broad control the breadth of RevenueBase SmartSearch. This saved list uses Exact. Each row's Exact match badge shows inclusion in that search, not an individual score or a service-quality judgment.
Public preview: The public preview omits records without a verified work email. Where headquarters information is recorded, preview rows are also filtered to this page’s location. Dataset totals and geographic summaries describe the full matched records before these preview filters.
Match quality: RevenueBase's August 25, 2026 study assessed 4,198 description/company pairs across matching settings. The publisher reports 86% good or better at Exact. This evaluates the method across queries; it does not audit this individual list. Recorded company descriptions, where available, help you judge each match yourself. Read the full methodology: how the lists are built and what the study measures.
Ranking: Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification: Every displayed company carries at least one verified work email. RevenueBase tracks 11,243 professional contacts with verified work emails across the full matched dataset. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh: This page's figures were pulled from the company graph on September 17, 2026. Lists refresh periodically as the graph is re-checked.
Record context: Company records and descriptions can change. Check the company's website for its current services and locations.

Frequently asked

What is RevenueBase SmartSearch?

RevenueBase SmartSearch finds niche companies by the meaning of their business descriptions in the RevenueBase company graph. Exact, Similar, Related and Broad control how closely companies must fit your description. This list uses Exact for “microfinance development banks”; each Exact match badge shows search membership, not an individual similarity or quality score.

How many microfinance development banks are there based in India?

RevenueBase identified 410 company matches for microfinance development banks associated with India as of September 2026, using the meaning of business descriptions at Exact. This is the recorded matched set in the RevenueBase company graph.

What is the largest company on this list?

Utkarsh Small Finance Bank tops the displayed preview by professional contacts tracked in RevenueBase. Recorded headquarters appear in the company rows.

Which city has the most microfinance development banks?

Mumbai leads with 33 company records, followed by Bangalore (24) and New Delhi (23).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work limited free results with 500 credits to start. Upgrading provides access to the 11,243 professional contacts with verified work emails tracked across these 410 companies; direct dials are available where recorded.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 17, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase SmartSearch, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.