IDFC FIRST Bharat Ltd Revenue and Competitors

IDFC FIRST Bharat Limited (formerly known as Grama Vidiyal Microfinance Limited), is a wholly owned subsidiary company of IDFC FIRST Bank (www.idfcbank.com). The company acts as a Business Correspondent for IDFC FIRST Bank by offering various financial services like loans, savings accounts, payment services and insurance to the underserved rural women through a pan India network. GVMFL was acquired by IDFC FIRST Bank in the year 2016. Prior to the acquisition, GVMFL was one of the renowned and the largest microfinance institutions across the planet in terms of its outreach and large credit portfolio. Today, it serves more than a million households in 5 states of the country utilizing the dedicated services of more than 5000 employees. With the varied products, IDFC FIRST Bharat Limited (GVMFL) not only aims at achieving the economic sustainability of its women members, but also facilitates holistic empowerment of women and their families in social and cultural fronts.