Margdarshak Financial Services

es in a sustainable manner, the promoters of the company acquired an NBFC in 2010. The microfinance business of the group was transferred and consolidated under MFSL during 2010-2012. MFSL received the microfinance license from the Reserve Bank of India in December 2013. Since then MFSL has shown viable, sustainable and effective growth and expanded its field operations across length and breadth of North India. MFSL is currently operating in 5 states , through a network of 120 branches spread across 33 districts of Uttar Pradesh, 9 districts of Bihar, 4 districts of Haryana, 3 districts of Himachal Pradesh and 1 district of Uttarakhand. The districts have been chosen taking into consideration the objective of enterprise and livelihood financing in the long run. All these districts have a large number of micro entrepreneurs and workers involved in internationally acclaimed crafts. The mix of the districts allows the company to provide financial services in both rural and urban areas and is a deliberate choice taking into consideration the underlying objective to strengthen the livelihood of the poor. All these districts show tremendous need for strengthening the existing livelihood bases. Led by an able set of board and management, the organisation has enabled over 200000 families in establishing and diversifying business for achieving economic strengthening. MFSL has been graded M2C2 by SMERA Rating in January 2017, which signifies high capacity to manage its operations in a sustainable manner and good performance of code of conduct dimensions.