In 2005, SKS started operating as a for-profit company and Akula began chasing private investment to achieve the massive scale required to dent global poverty. In August 2010, SKS Microfinance — then ...

An Indian company with rich American backers is about to raise up to $350 million in a stock offering closely watched by philanthropists around the world, showing that big profits can be made from ...

Troubled microfinance company SKS Microfinance Ltd is raising Rs 33.55 crore through a preferential allotment to a fund managed by the existing investor WestBridge Capital Partners. SKS Microfinance, ...

It is official. Puranam Hayagreeva Ravikumar is the new non-executive chairperson-Interim of SKS Microfinance and its founder Vikram Akula has stepped down. Vikram Akula, the SKS Media release says: ...

"In my view, SKS right now is trying to reconcile its split identity and re-architect what the company stands for," says Anna Somos Krishnan, a former SKS executive and now executive director of ...

Shares of SKS Microfinance, India's largest microfinance institute, continued to tank as the confusion continued on new, more strict regulation on the industry. Shares have dipped 22% from a high of ...

Vikram Akula's SKS Microfinance, once the showcase company of the Indian microfinance sector, is having to re-design its business as well as salvage its reputation. Less than a year ago, in August ...

SKS Microfinance Ltd has concluded two microfinance securitisation transactions aggregating to Rs 390 crore ($72 million), taking its total completed securitisation transactions to Rs 803 crore ...

SKS Microfinance, a new generation microfinance institution (MFI), announced its latest equity investment of US $11.5 million (Rs.50.6 crores) with Sequoia Capital as its lead investor. Other ...