Our Work

Our Group Companies

Founded in 2002, Intellecap has grown into a Group with more than 600 employees and 300 engagements across 25 countries. Meet our Group Companies. 


IntelleGrow provides tailored, flexible debt to small and growing businesses that have the potential to address India’s development challenges. Founded in 2012, with funding from Intellecap and Shell Foundation, IntelleGrow has grown quickly to help fill a demonstrated market need for ‘missing middle’ financing for innovative enterprises working in one of six priority sectors:  Clean energy, financial inclusion, healthcare, water & sanitation, agriculture supply chain and education. Unlike traditional collateral-based lenders, IntelleGrow uses a ’venture debt’ approach, lending primarily on the basis of business viability and cash flows to offer loans customized to the particular needs of each enterprise. 

With additional investment from the Michael and Susan Dell Foundation and Omidyar Network in early 2014, IntelleGrow will have lent to more than 200 companies across India and carry a loan book of at least INR 250 crore by FY 2016. Read more.


Arohan is one of the most respected microfinance institutions in Eastern India with a mission to provide financial inclusion to poor households. A Non-Banking Finance Company (NBFC) with headquarters in Kolkata, Arohan operates in 4 low income states through 104 branches. The Company played a pioneering role in introducing individual lending to micro-entrepreneurs in urban areas and currently offers innovative micropensions and insurance products to its customers. Arohan’s loan portfolio currently amounts to USD 50 million, catering to the financial needs of over 300,000 customers.

Through an acquisition in September 2012, Arohan joined the Intellecap Group. This acquisition involved incremental investment of more than USD 5 million and represented the first significant consolidation in India’s microfinance sector. In September 2013, Aavishkaar Goodwell-II and Michael and Susan Dell Foundation invested a further amount of USD 3.4 million in the organization.social, operational and financial metrics. Read more.



IntelleCash is a Non-Banking finance Company (NBFC) that Intellecap launched in 2008 to provide incubation services to start-up MFIs. IntelleCash has provided wholesale lending and capacity building services to MFIs in India, Africa, and Asia. The 31 MFIs incubated by IntelleCash have disbursed micro-loans amounting to USD 125 million to over 700,000 borrowers. IntelleCash seeks to play an active role in the consolidation of the microfinance industry in India.

On September 14, 2012, IntelleCash announced that it had taken a majority stake in Arohan Financial Services (Arohan) and would consolidate the two businesses. Arohan, based in Kolkata, is one of the most respected MFIs in eastern India with a customer base of over 220,000 poor households. The IntelleCash/Arohan combination signals a clear trend toward consolidation in the microfinance industry in India. For more, please write to info@intellecap.com