GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED
Gram Tarang Inclusive Development Services (GTIDS) is a Visakhapatnam-based RBI-certified Business Correspondent fintech that deploys a 2,000+ Bank Mitra agent network across 10 Indian states to deliver banking, microfinance, Aadhaar, and NPA recovery services on behalf of 8 partner banks serving rural unbanked populations.
- Company typePrivate
- Founded2011
- HeadquartersVisakhapatnam, Andhra Pradesh, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED does
Gram Tarang Inclusive Development Services Private Limited (GTIDS) is a certified Fintech Company incorporated in April 2011 under the Companies Act and headquartered in Visakhapatnam, Andhra Pradesh. The company operates as a Business Correspondent (BC) under RBI guidelines, partnering with 8 banks — including public sector banks (Andhra Bank, Bank of India, Canara Bank), regional rural banks (APGVB, KBS Bank, Telangana Gramina Bank, Tamilnadu Gramena Bank), and a private bank (ICICI Bank) — to deliver last-mile financial services to unbanked rural populations across 10 states in East and South India.
GTIDS deploys a network of approximately 2,000 Bank Mitras at village level, equipped with proprietary biometric scanner-printer-PIN pad devices developed on the company's in-house fintech platform (built in 2018). Through this agent network, GTIDS delivers banking services on behalf of partner banks including no-frills account openings, cash withdrawals and deposits, fixed and recurring deposit mobilization, microfinance loan disbursement under the Mudhra Scheme (Rs 400 Crore disbursed to 1,60,000 beneficiaries), government insurance policy marketing (APY, PMJJBY, PMSBY), and NPA recovery (Rs 400 Crore collected). The company also operates UIDAI-authorized Aadhaar enrollment services with 30 lakh+ enrolments in Andhra Pradesh and West Bengal, and runs agricultural drone initiatives as an adjacent technology vertical.
The business model is a transaction-fee based BC arrangement, where GTIDS earns fees on banking transactions processed through its agent network on behalf of partner banks. The company originally scaled as a sub-contractor for Atyati Technology (recruiting 8,500+ Bank Mitras across 14 states and 13 banks), before transitioning to direct principal contractor agreements in 2019. The company reports monthly business volume of Rs 500 Crores through partner banks, serving 5 lakh+ active beneficiaries, and has cumulatively opened 2 crore no-frills accounts and mobilized Rs 2,000 Crores in savings.
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED firmographics
Firmographics- Name
- GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED
- Legal name
- Gram Tarang Inclusive Development Services Private Limited
- Website
- https://gramtarang.org
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Gram Tarang Inclusive Development Services (GTIDS) is a Visakhapatnam-based RBI-certified Business Correspondent fintech that deploys a 2,000+ Bank Mitra agent network across 10 Indian states to deliver banking, microfinance, Aadhaar, and NPA recovery services on behalf of 8 partner banks serving rural unbanked populations.
- Ownership category
- akta.pro rank
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED industry classification
Industry- Product category
- Business Correspondent Banking Services
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Correspondent Banking (Nostro/Vostro & Agent Services) (FSABAJAA)
- akta.pro secondary industries
- Agricultural & Rural Microfinance (FSAKAGAG), Lending & Credit Disbursements (FSAMAKAH)
Keywords
Where GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED is headquartered
LocationHeadquarters
- HQ city
- Visakhapatnam, Andhra Pradesh
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Business Correspondent Services: GTIDS acts as a principal contractor with partner banks, deploying Bank Mitras who process banking transactions (withdrawals, deposits, insurance enrollments, NPA recovery) on behalf of banks. Revenue is earned through transaction fees and service charges per banking transaction processed.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED product offering
Product offeringCore offering
GTIDS acts as a certified Business Correspondent (BC) for partner banks, deploying Bank Mitras at village level equipped with biometric devices, printers, and PIN pads to deliver banking services including no-frills account opening, cash withdrawals and deposits, savings mobilization, Fixed and Recurring Deposits, government insurance marketing (APY, PMJJBY, PMSBY), microfinance disbursement under the Mudhra Scheme, and NPA recovery on behalf of partner banks.
Product overview
Gram Tarang Inclusive Development Services (GTIDS) operates as a certified Fintech Company providing financial inclusion services in rural India through a network of Bank Mitras. The company offers a portfolio of services including village-level banking through proprietary technology (biometric devices, smart card readers, and PIN pads), no-frills account opening, microfinance disbursement under the Mudhra Scheme, government insurance policy marketing, and NPA recovery. Additional initiatives include UIDAI-authorized Aadhaar enrollment services and drone technology programs. The company partners with 8 banks as a principal contractor to extend financial services to over 5 lakh beneficiaries across East and South India.
Differentiator
Problem solved
Functional benefit
Products and services
- Bank Mitra Banking Services Village-level banking services delivered through Bank Mitras equipped with biometric devices, enabling withdrawals, savings mobilization, Fixed and Recurring Deposits, and government insurance policy marketing (APY, PMJJBY, PMSBY) on behalf of partner banks.
- No-Frills Account Opening Digital no-frills bank account opening service using biometric scanners, printers, and PIN pads, providing basic banking accounts to unbanked rural populations on behalf of partner banks. Over 2 crore no-frills accounts have been opened through this service.
- Microfinance (Mudhra Scheme) Microfinance loan disbursement service under the Mudhra Scheme, having disbursed over Rs 400 Crore to 1,60,000 beneficiaries on behalf of partner banks.
- Aadhaar Enrollment Services UIDAI-authorized Aadhaar enrollment and verification services delivered through trained Customer Service Providers, having enrolled over 30 lakh beneficiaries in Andhra Pradesh and West Bengal.
- NPA Recovery Services Non-Performing Asset recovery services conducted on behalf of partner banks through the Bank Mitra network, having collected over Rs 400 crore in NPAs.
Quantifiable outcome
- 2.0 Crore no-frills accounts opened
- +4 more outcomes
Companies that use GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor and core.
- Centurion University of Technology and ManagementminorCollaboration to launch 3-year BBA program in Finance and Financial Inclusion for Bank Mitras, offered in Assam, Bihar, and West Bengal from June 2014.
- Andhra BankcorePrincipal contractor agreement for Business Correspondent services. Bank Mitra network provides banking services including account openings, withdrawals, deposits, and government scheme enrollments on behalf of the bank.
- Andhra Pradesh Gramina Vikasa Bank (APGVB)corePrincipal contractor agreement for Business Correspondent services in Andhra Pradesh and Telangana through Bank Mitra network.
- Bank of IndiacorePrincipal contractor agreement for Business Correspondent services. Bank Mitras provide banking services to rural customers on behalf of Bank of India.
- KBS BankcorePrincipal contractor agreement for Business Correspondent services through Bank Mitra network.
- Telangana Gramina Bank (TGB)corePrincipal contractor agreement for Business Correspondent services in Telangana state.
- ICICI BankcorePrincipal contractor agreement for Business Correspondent services. Private sector bank partnership for rural outreach.
- Canara BankcorePrincipal contractor agreement for Business Correspondent services through Bank Mitra network.
- Tamilnadu Gramena BankcorePrincipal contractor agreement for Business Correspondent services in Tamil Nadu.
Scale indicators12 records
Recent moves5 records
Expansion highlights4 records
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED social profiles
Digital presenceGRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED financial estimates
Financial estimateRevenue estimate
Valuation estimate
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED leadership team
Management profileNumber of profiles
Profiles14 records
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED
What does GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED do?
GTIDS acts as a certified Business Correspondent (BC) for partner banks, deploying Bank Mitras at village level equipped with biometric devices, printers, and PIN pads to deliver banking services including no-frills account opening, cash withdrawals and deposits, savings mobilization, Fixed and Recurring Deposits, government insurance marketing (APY, PMJJBY, PMSBY), microfinance disbursement under the Mudhra Scheme, and NPA recovery on behalf of partner banks.
Is GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED a public or private company?
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED founded?
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED was founded in 2011. It employs 11 to 50 people.
Where is GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED based?
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED is headquartered in Visakhapatnam, Andhra Pradesh, India, in the Asia region.
How does GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED make money?
One revenue line is on record: business Correspondent Services.
Does GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED have an API?
No public API is recorded for GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED.
What industry is GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED in?
GRAM TARANG INCLUSIVE DEVELOPMENT SERVICES PRIVATE LIMITED's product category is Business Correspondent Banking Services. Its primary akta.pro industry code is FSABAJAA, Correspondent Banking (Nostro/Vostro & Agent Services), with a secondary code of FSAKAGAG, Agricultural & Rural Microfinance. Its SIC code is 6162.