• Kolar district, Karnataka state
  • +91 08157-246278,246181
  • info@rors.in / support@rors.in
  • +91 08157-246278,246181
  • info@rors.in / support@rors.in

About Us

About Us

 

Profile

  • P.Sathyanarayana Reddy acquired Bangalore-based NBFC called PACE Finance Private Limited during 2007 and the title has changed subsequently as RORS Finance Private Limited.
  • RORS FINANCE PRIVATE LIMITED (RFPL) is a NBFC-MFI
  • In order to undertake microfinance on appropriate business lines, during 1st April 2010 the business of RMEDT is being transferred to RFPL
  • RFPL’s focus is on urban and semi-urban poor and the target customers are economically active women involved in trading, production, petty business, skill and semi-skill activities, services etc.
  • RFPL combines the hybrid model of JLG & as well as individual.
  • The quantum of loan ranges from Rs.10000/- to Rs.200000/- with board approved rate of interest with reduced balances.
  • RFPL has paid-up capital of INR 466 lakhs and authorized share capital of INR 850 lakhs.
  • RFPL have 16 branches in 10 districts of Karnataka and Tamil Nadu.
  • The company’s plan is to reach 20000 low-income customers by 2022 with portfolio of INR 50 crores.

Mission & Vision of the company

The Mission of RFPL is “ TO FOSTER A PROCESS OF ONGOING CHANGE IN   FAVOUR OF POOR IN A WAY IN WHICH THIS PROCESS CAN BE SUSTAINED BY THEM THROUGH THEIR ORGANISED STRENGTH WITH THRIFT, FINANCIAL DISCIPLINE, ENTREPRENEURIAL SKILLS AND IN HARMONY WITH NATURE AND WITH BETTER SOCIAL VALUES.”

RORS Finance Pvt. Ltd. Registration Certification Details

  1. Certificate of Incorporation No.U17124KA1987PTC008797 Dated: 28.05.2010
  2. Certificate of Registration No. B-02.00146, Dated : 24.05.2000
  3. Converted to NBFC –MFI on 30.10.2013
  4. PAN No.: AABCP1975H
  5. Registration under Shops & Establishment  certificate:119/2010-11, Dated:22.05.2010
  6. Provident Fund establishment code: KN/WF/52219, Dated: 14.06.2010.
  7. ESI Establishment code: 53000404900001099, Dated: 16.06.2016.
  8. GST Registration No.29AABCP1975H1Z6, Dated: 26.06.2017.
  9. Professional Tax Establishment code:P02412243, Date:30.05.2010
  10. Legal Entity Identification number: U17124KA1987PTC008797

Board of Directors

RFPL has a board with diverse experience in banking, rural development & microfinance. The board meets once in a quarter to discuss progress, plan and take key decisions. Senior Management comes with long experience in microfinance and not-profit organizations.

Mr. P. Sathyanarayana Reddy(Managing Director)

Mr. P.Sathyanarayana Reddy (P.S.Reddy) worked with various rural development institutions like AFPRO and MYRADA for over a period of 12 years. He Promoted an NGO called Re-Organization of Rural Economy and Society (called RORES) during the year 1987 and implemented various developmental programmes. He promoted RORES Micro Entrepreneur Development Trust during March 2005 to take up Micro finance. He purchased a NBFC called PACE FINANCE PRIVATE LIMITED and transferred the micro finance operations of RORES MED Trust to this company with all legal formalities on 1st April 2010 and he is the Managing director for RORS Finance Private Limited.

Mr. M Mohandas Kudva(Independent Director)

He retired as DGM, Canara bank. He worked with Canara bank nearly 30 years. He headed different wings like credit & risk assessment.

Mr. V. Sreenivasulu( Director Operations)

Mr. V.Sreenivasulu working with RORS Finance Private Limited and its sister concerns since 2001, he done his Diploma in Engineering and post-graduation diploma in computer applications and performed various administrative functions in Indian Rural Reconstruction Movement (IRRM) and Grama Seva Samithi earlier to RORS. He is good in HR Management (selection, recruitment, training and motivation) and field level operations (developing formats, training materials and co-ordination). At present he is looking HR, operations, liaising with Banks, RBI, ROC and Statutory Auditors.

Key Management Personnel

Mr. V. Srinivasulu

Mr. V. Srinivasulu has over 10 years of experience in rural development & natural resource management. Prior to joining RFPL, he worked with GRAMA SEVA SEMITHI & watershed development & World Bank assisted programme. Since 2005, he is heading the operations of microfinance and he is working to the institution since inception.

Mr. Shabbir Ali.A

Mr. Shabbir Ali has experience of two decades in managing accounts, fund management, audit administration and compliance; he is heading internal auditing of RFPL since 3 years and working to the institution since inception.

Mrs. Usha Rani

She is heading finance department since inception and she is looking after accounts supervision and compliances to different banks and audit needs.

Mr. Bhardwaj S. Reddy

Mr. Bhardwaj is a graduate in business management. He is having 5 years of microfinance experience with RFPL and he is in charge of accounting software and he also assisting the branches in day-today transactions and he is the son of the Managing Director.

Partnerships and Affiliations

Banking and Financial Institutions

  • Canara Bank
  • Union Bank Of India
  • State Bank Of India
  • Reliance Capital Limited
  • Reliance Commercial Finance
  • Karnataka State Financial Corporation
  • Small Industries Development Bank Of India
  • Axis Bank
  • Electronica Finance Limited
  • UCO BANK
  • Habitat Micro Build India
  • MAS Financial Services ltd
  • AMBIT FINVEST PRIVATE LIMITED
  • Finstars Capital Limited
  • GROW Money Capital Pvt. Ltd.
  • RAR Fincare Limited
  • REAL TOUCH
  • SHRIRAM Finance
  • STATE BANK OF INDIA
  • UC Inclusive Credit Private Limited
  • USHA Financial Services Limited
  • SMC Finance Services Limited

Insurance Partners

  • Life Insurance Corporation Of India
  • Kotak Life Insurance
  • Digit Life Insurance Co. Ltd.

Technology Partners

  • Craft Silicon
  • RIKO Technologies
  • Bharat Sanchar Nigam Limited
  • Bharti Airtel
  • Futurenet Technologies (India) Pvt. Ltd.

Credit Bureau

  • Equifax Credit Information Services Private Limited
  • CRIF High Mark Credit Information Services
  • Credit Information Bureau (India) Limited
  • Experian Information Solutions

Audit/Legal Partners

  • A. John Moris & Co.
  • C N Jayachandran & Co.
  • Legal Monk Private Limited

Resource Partners

  • Association of Karnataka Microfinance Institutions
  • Sa-dhan
  • Group Loans
  • Individual Loans
  • Other Loans
  • Services
  • ADDRESS

    No.280, Ramakrishna Extension
    SRINIVASAPUR – 563 135
    Kolar Dist, Karnataka

  • PHONE NO

    08157 – 246278 / 9449852898 / 9986484293

  • EMAIL ID

    info@rors.in / support@rors.in