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Genesis

Genesis
  • 1982-83 Village Welfare society (VWS) was formed and registered as not for profit organization.
  • 1996-97 VWS initiated its microfinance activities.
  • 2004-05 Village Micro Credit Services (VMCS) came into existence, under section 25 of the Companies Act 1956, as not for Profit company.
  • 2006-07 Village Financial Services Private Limited came into existence as NBFC.
  • 2013-14 Village Financial Services Private Limited was reclassified by the RBI as an ‘NBFC-MFI’.
  • 2017-18 Village Financial Services turns to a limited company and gets Private Equity funding.
  • 2018-19 VFS got further private equity funding.
  • 2019-20 VFS’s AUM crosses Rs 1000 crore.
  • 2022-23 Village Financial Services Ltd is renamed VFS Capital Limited.