IFMR Trust, Lok Capital, Proparco - Investors of IRCS

IFMR Trust, the promoter of IFMR Rural Channels, is the majority stakeholder in the company. The remaining equity holders are Lok Capital, Proparco and Tata Capital Special Situations Fund.

Lok Capital was launched at the end of 2000 with the support of the grant from Rockefeller Foundation. It defines itself as a hands-on financial investor with social performance goals and standards, dedicated to promoting financial and social inclusion through all its activities. Lok Capital is one of the most active social venture capital fund investing in high potential financial inclusion and broader inclusion enterprises (Education, Healthcare, Livelihoods), serving the bottom of pyramid (BOP) segment. Lok seeks to partner with visionary entrepreneurs to help take these social enterprises to new levels of sustainability, scalability and professionalism and thus multiply the ‘impact’ on the BOP segment.

PROPARCO is a Development Financial Institution based out of France and partly held by Agence Française de Développement (AFD) and private shareholders. PROPARCO’s mission is to be a catalyst for private investment in developing countries which targets growth, sustainable development and reaching the Millennium Development Goals (MDGs). PROPARCO finances operations which are economically viable, socially equitable, environmentally sustainable and financially profitable. PROPARCO invests in a geographical area ranging from major emerging countries to the poorest countries.

Tata Capital Special Situations Fund (TCSSF) is registered with SEBI under the SEBI (Venture Capital Fund) Regulations 1996 and is focused on investing in turnaround opportunities. The fund is sponsored by Tata Capital Limited and its investors include eight large PSU banks.