Company Research Report: Sub-K IMPACT Solutions Ltd.
Company Overview
- Name: Sub-K IMPACT Solutions Ltd.
- Mission of the Company: Together, we transform lives by enabling financial inclusion through innovation and excellence.
- Founded: 2010
- Founders: Not specified in the available information.
- Key People:
- Mahesh Kanumury - Chairman & Director
- Sasidhar N Thumuluri - Managing Director
- Devarakonda Sattaiah - Director
- Swati Desai - Independent Director
- Viswanathan Swaminathan - Independent Director
- Lise Lindbäck - Nominee Director
- Arvind Kodikal - Nominee Director
- Karina Isabel Alva Alfaro - Nominee Director
- Headquarters: 3rd Floor, Surabhi Arcade, Bank Street, Troop Bazar, Koti, Hyderabad, Telangana – 500001, India.
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Sub-K is known as a digital financial intermediary that offers affordable, accessible, and scalable financial and payment services to the underserved segment.
Products
Digital Sub-K
- High-Level Description: A comprehensive digital platform for delivering financial services.
- Key Features: Provides a digital interface to access various financial services through technology.
Sub-K Pay App
- High-Level Description: A one-stop solution for microfinance loans with easy repayment options.
- Key Features:
- Simple, secure, and user-friendly platform.
- 24x7 service availability.
- Ability to track EMIs and download receipts.
- Multi-language support: English, Hindi, Bengali, Marathi, and Telugu.
Sub-K SARTHI
- High-Level Description: A financial products and services management platform.
- Key Features: Curates financial products and provides advisory services to meet the evolving needs of the underserved population.
Microfinance Solutions
- Sub-K µ-Fin: Microfinance Loan Origination System.
- Sub-K µ-SURE: Microfinance Screening/Underwriting Rule Engine.
MSME Solutions
- Sub-K Lead: MSME Lead Management System.
- Sub-K Assist: MSME Loan Origination System.
- Sub-K EnSURE: Enterprise Screening/Underwriting Rule Engine.
Business Loan Products
- Product Description: Offers microcredit loans to individual members of Joint Liability Groups (JLG).
- Features:
- Loan Amount: ₹20,000 to ₹60,000.
- Competitive interest rates and unsecured loans.
- Loan Tenure: 18 to 24 months.
Recent Developments
- Awards and Recognitions:
- Digital Responsibility Award for Gender Inclusion.
- Fintech Leader of the Year awarded to Sasidhar N Thumuluri.
- CEO with HR Orientation award from the World HRD Congress.
- Numerous other awards recognizing their commitment to digital innovation and financial inclusion.
- Partnerships: Collaborates with a wide network of financial institutions including banks, NBFCs, and insurance companies.
- New Product Features:
- Enhancement in the Sub-K Pay App for ease of microfinance loan management and EMI payments.
- Introduction of multi-language support in the Sub-K Pay App.
- Innovations: Introduction of Sub-K SARTHI, a platform curating meaningful financial products with value-added services.
Conclusion
Sub-K IMPACT Solutions Ltd. continues to pioneer in the field of digital finance by focusing on inclusivity and accessibility for underserved segments of the population. The company's array of technology-enabled platforms and services have been recognized nationally and internationally, reflecting their commitment to social good and technological innovation.