Magalir Micro Capital private limited

Name

Magalir Micro Capital private limited

Legal name

Magalir Micro Capital Private Limited

Website

https://magalir.net

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Microfinance Services

NAICS

Nondepository Credit Intermediation (5222), Other Nondepository Credit Intermediation (52229), Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industries

Microenterprise Group Lending (Joint Liability) (FSAKAGAH), Agricultural & Rural Microfinance (FSAKAGAG)

Keywords

• Microfinance lending services
• Women micro loans
• Rural microfinance
• Group lending services
• Housing micro loans

Headquarters

HQ city

Tirunelveli

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Microfinance Interest Income: Magalir generates revenue primarily through interest income on microfinance loans extended to women borrowers. The company offers group loans (up to Rs 75,000 at 26% interest rate) and individual loans for income generation, small business, agriculture, and housing purposes. Processing fees of 1.5% of loan amount plus applicable GST are also charged.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Magalir Micro Capital Private Limited is an RBI-registered NBFC-MFI that provides collateral-free microfinance loans to women borrowers in rural and semi-urban South India under the Joint Liability Group (JLG) model as well as through individual lending products. Its loan book spans group loans, individual loans, income generation loans, emergency loans, and housing loans, distributed through a 100+ branch network across Tamil Nadu, Kerala, and Andhra Pradesh.

Product overview

Magalir Micro Capital Private Limited operates as an NBFC-MFI offering a portfolio of microfinance loan products. The core products include Group Loans (JLG format with 5-10 women) and Individual Loans for women entrepreneurs. Additional offerings under 'Other Loans' include Income Generation Loans, Emergency Loans, and Housing Loans. The company processes loans through a digitalized 7-8 step origination process including KYC, credit check, residence verification, GRT, documentation, and disbursement, with digital payment options via UPI and direct bank transfer.

Differentiator

Problem solved

Functional benefit

Products and services

• Group Loan (Joint Liability Group) Collateral-free group lending product offered to women borrowers in rural and semi-urban South India under the Joint Liability Group (JLG) model, where members guarantee each other's repayments.
• Individual Loan Collateral-free individual loan product offered to women borrowers who do not form a group, providing direct credit access for personal and household needs.
• Income Generation Loan Microfinance loan product for women borrowers to fund income-generating activities and small-scale entrepreneurship, supporting women's economic empowerment.
• Emergency Loan Quick-disbursal microfinance loan product for women borrowers to meet unforeseen household or personal emergencies, processed through the company's field-based appraisal workflow.
• Housing Loan Microfinance housing loan product for women borrowers to fund housing-related needs such as home improvement, construction, or shelter upgrades in rural and semi-urban areas.

Quantifiable outcome

• Reached 700 Crore Gross Disbursement milestone
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Bandhan Bank: Originally started as a microfinance institution before converting to a universal bank. While serving broader banking needs now, its MFI heritage and similar South India exposure makes it a comparable incumbent in microfinance lending.
• CreditAccess Grameen: India's largest NBFC-MFI by AUM and a publicly listed company operating the same women-focused JLG microfinance model. While much larger than Magalir, it represents the scaled-up version of the same business model.
• Ujjivan Small Finance Bank: Originally an NBFC-MFI before converting to a small finance bank, offering JLG loans and other microfinance products to underserved segments. Comparable customer demographic and product mix.

Direct peers

• Arohan Financial Services: One of India's largest NBFC-MFIs serving women borrowers in rural/semi-urban markets through the JLG model. Magalir already has a cross-partnership with Arohan; both compete for similar borrowers in overlapping geographies.
• Fusion Microfinance: Leading Indian NBFC-MFI with a similar women-focused JLG lending model across tier-2/3 cities. Comparable product positioning, group liability structure, and target borrower segment to Magalir.
• Asirvad Microfinance: Chennai-headquartered NBFC-MFI with South India focus on women borrowers using JLG and individual lending models. Direct regional competitor operating in overlapping Tamil Nadu and Andhra Pradesh markets.
• Svatantra Microfin: Indian NBFC-MFI focused on women empowerment through group lending in rural India. Comparable non-depository microfinance model targeting similar customer segments in semi-urban/rural markets.
• Spandana Sphoorty Financial: Publicly listed Indian NBFC-MFI providing group loans and individual loans to women in rural/semi-urban areas. Mirrors Magalir's core product offerings and customer base, with significant South India footprint.
• Belstar Microfinance: Indian NBFC-MFI providing JLG-based microfinance loans primarily to women in South India. Similar product offering and customer profile to Magalir with comparable geographic exposure.
• Muthoot Microfin: Part of the Muthoot Group, this NBFC-MFI provides income-generation loans to women in rural India through JLG methodology with strong South India presence. Similar scale and business model to Magalir.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/magalir-micro-capital-private-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Magalir Micro Capital private limited