The Offer comprises of the Fresh Issue and the Offer for Sale.

Offer for Sale

All proceeds from the Offer will go to each of the Selling Shareholders, in proportion to their respective portion of the Offered Shares.

Fresh Issue

The proceeds of the Offer, after deducting Offer related expenses, are estimated to be Rs.[?] million (“Net Proceeds”). the
Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements. Further, the Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of the Company’s brand name and creation of a public market for the Equity Shares in India. The main objects clause as set out in the Memorandum of Association enables the Company to undertake its existing activities and the activities for which funds are being raised by the Company through the Fresh Issue.

The Promoters of the Company's are :

1. Mrs. Padmaja Gangireddy
2. Kangchenjunga

1. Mrs. Padmaja Gangireddy : Padmaja Gangireddy is the Founder and Managing Director of the Company. She holds a bachelors’ degree in science and a bachelors’ degree in communication and jthenalism. She attended a cthese on credit and micro enterprise development from Durham University, UK, a microfinance training program from Naropa University, USA, the HBS-Accion program on strategic leadership for microfinance from Harvard Business School and an executive education programme from Indian School of Business, Hyderabad. She worked at ASSIST (a non-governmental organisation) for seven years and her last held title was deputy director. She founded SRUDO in 1998, became a promoter of the Company in 2003 and has been a Managing Director on the board of directors of the Company since April 19, 2003. She is the founder and promoter of Abhiram Marketing. She also serves as a director on the board of directors of Caspian Financial, Criss Financial and Abhiram Marketing. She has served on the board of MFIN-Microfinance Institutions Network. She has been awarded the “Women Leadership Award for Excellence in Banking & Finance Sector” presented by CMO Asia in 2018, the “Outstanding Achievement Award for Excellence in Banking & Finance” at the International Achievers Conference, 2018 and as one of the “Most Admired Leaders of Asia 2018” by Process Evaluators & Research – BARC Asia & Jury Panel, Herald Global. She has been a Director on the Board since April 19, 2003.

Voter Identification Number : SWD6361117

2. Kangchenjunga : Kangchenjunga is a company incorporated on April 9, 2013 under the laws of Mauritius having its registered office at Suite 11, 1st Floor, Plot 42, Hotel Street, Cybercity 72201, Ebene, Republic of Mauritius.
Kangchenjunga is a private company with limited liability, which holds a Category 1 Global Business License under the
provisions of the Financial Services Act of the Republic of Mauritius with effect from April 12, 2013 and its principal activity is (i) to carry out activities as an investment holding company and to acquire, invest in and hold securities of the Company and from time to time to sell, vary or dispose of any of the foregoing; and (ii) to do all such other things as are incidental to, or Kangchenjunga may think conducive to, the conduct, promotion or attainment of the objects of Kangchenjunga.