IIFL Samasta Finance Limited, headquartered in Bengaluru, is a leading microfinance institution in India, focusing on providing innovative, affordable financial products to underserved women, primarily in rural and semi-urban areas.
Three friends, inspired by the success of microfinance in Bangladesh, founded the company to offer credit to those lacking access to formal financial services. Mr. Venkatesh, R. C. Shekar, and Shivaprakash Deviah established IIFL Samasta Finance Ltd erstwhile Samasta Microfinance, opening their first branches in Tambaram, Chennai, and Ramanathapuram, Coimbatore, soon followed by locations in Shampur and Yelahanka, Karnataka.