Jul112018
Posted by:The Caspian Blog Team
Caspian’s India Financial Inclusion Fund honored as Best For The World: Customers for the year 2018
Caspian Impact Investments Adviser is honored in the Best for Customers list, which includes businesses that earned a Customer score in the top 10 percent of more than 2,400 Certified B Corporations on the B Impact Assessment. The full assessment measures a company’s impact on its workers, community, customers and environment. Honorees are featured on B the Change, the digital Medium publication produced by B Lab, at bthechange.com/bestfortheworld
Caspian Advisors Private Limited is a venture capital firm specializing in growth capital investments in seed, startup, and early stage companies. We make debt and equity capital impact investments in microfinance institutions. We invest in food and agriculture, Clean Energy, Financial Services, small business finance, microfinance, affordable housing and other sectors that effectively address the needs of the excluded low income and informal sector population. The firm focuses its investments on microfinance, affordable housing, small business financing, and last mile banking.
We have set up four funds till date: Bellwether Microfinance Fund, India Financial Inclusion Fund, Caspian Impact Investments, Caspian SME Impact Fund. Our portfolio includes Ujjivan SFB, Janalakshmi SFB, Equitas SFB, Aptus Value Housing Finance Micro Housing Finance in equity and Vivo healthcare, Atomberg technologies, Ampere, Greenway Grameen, Sresta organics in debt fund.
Caspian became a Certified B Corporation in 2017. Caspian is among the very first Indian companies to become a certified B Corporation in 2017. We are the first Indian impact investing firm to be granted this certification.
About B Corp
B Corp is a non-profit organization dedicated to using the power of business to solve social and environmental problems. Today, there is a growing community of more than 2,554 Certified B Corps from 50+ countries and over 130+ industries working together towards 1 unifying goal: to redefine success in business
Caspian’s legal commitments as a B Corp
As per traditional corporate law, a company’s primary goal should be to maximize shareholder value. But Certified B Corps are required, wherever possible, to adopt such corporate forms that enable them to legally protect the interests of all stakeholders, including employees and the wider community. In thirty US states for example, companies may incorporate themselves as “benefit corporations” in order to satisfy B Corp certification requirements. India does not have such a legal framework in place yet, but when we signed B Corp’s Declaration of Interdependence, we committed to adopting such a framework whenever it is introduced.
