Our Vision
Empowering communities by providing financial services and livelihood opportunities

Shikhar empowers communities by providing financial services and livelihood opportunities to the underprivileged segments of our society. We extend microcredit and other financial services to families, providing them greater economic stability and contributing to the overall socio-economic development of communities. Our core service is “income-generation” microfinance loans ranging from INR 15,000 up to 80,000 rupees, repaid over a period of 12-36 months. Our borrowers are empowered to move beyond subsistence living, they are redeemed from debt traps, they begin saving, and are able to provide safe shelter for their families and send their children to school. Families and communities are strengthened through supportive collaboration with each other and our staff.

Shikhar Microfinance Pvt. Ltd. (SMPL) is a non-deposit taking non-banking finance company (NBFC-MFI) regulated by the Reserve Bank of India.

Shikhar Development Foundation (SDF) was registered in September 2007 as a Trust, under the Indian Trust Act 1882. Subsequently, the board of SDF in November 2008, decided to acquire a NBFC to undertake the microfinance operations of Shikhar. Accordingly Anup Leasing Private Limited (ALPL), a non-deposit taking NBFC, incorporated on February 16, 1993 was acquired by Partners of Shikhar Trust (POST), a for-profit trust formed by promoters of Shikhar and Dia Vikas Capital Pvt. Ltd. on March 25, 2009. This was later renamed as Shikhar Microfinance Private Limited after obtaining due approvals from RBI and RoC.

Shikhar operates in the Delhi NCR region, Haryana, Uttarakhand and western Uttar Pradesh providing microcredit services (joint-liability-group model) and life insurance to economically backward communities living in slums, unauthorized colonies, rural and urban villages. Shikhar has currently extended operations to 4 States and 176 Location covered by 20 branches, and has more than 30,000 active loan clients.