Evolution and Growth


1. Mitrata was registered in July 2009.

2. Phase I - Setting the Foundation
  • Mitrata got launched with its first branch in Rehmat Nagar in Moradabaad in Jan 2010. 
  • Microfinance crisis occurred in Andhra Pradesh in Oct 2010 which changed of environment in microfinance sector; Mitrata continued to tread with caution and grew steadily.
  • Mitrata reached 1 Cr disbursal mark by Mar 2011.
  • Mitrata reached 2 Cr loan portfolio with over 3000 active clients and increased its presence in two districts of UP by Mar 2013.
3. Phase II - Growth and Expansion
  • Mitrata crossed 5000 active client mark by Mar 2015; began Phase II of moving towards NBFC regime.
  • Mitrata crossed 8.5 Cr in outstanding portfolio by Mar 2016, growth of over 250% in FY 2015-16, received first external funding, along with further strengthening of Internal Process, Systems and Human Capital, and enhanced preparedness for NBFC.  
  • Regular infusion of capital by the promoters along with reinvestment of all surplus income over expenses in last 5 years indicates a long term commitment and strong confidence on the robustness of the program by the promoters and management. Currently the program is well capitalized to leverage more debt/external borrowing to fuel the growth with extremely low Debt/equity ratio of 6% in FY 2015-16.
  • With a strong focus on efficiency, productivity and growth in portfolio in FY 2015-16, there has been significant growth in income compared to costs leading to a very healthy Operational Self Sufficiency (OSS) ratio of 161% by Mar 2016.