SIDBI Group Structure as on March 31, 2025

A. WHOLLY-OWNED SUBSIDIARY

Micro Units Development & Refinance Agency Limited (MUDRA)

SIDBI Venture Capital Limited (SVCL)

SIDBI Trustee Company Limited (STCL)

B. ASSOCIATE COMPANY

Acuité Ratings & Research Limited (Acuité) (erstwhile SMERA) (35.73% Shareholding)

India SME Asset Reconstruction Company Ltd. (ISARC) (15% Shareholding) (Since divested)

Receivables Exchange of India Ltd. (RXIL) (30% Shareholding)

India SME Technology Services Ltd. (ISTSL) (22.73% Shareholding)

Online PSB Loans Ltd. (6.55% Shareholding)

Further, as required to be disclosed in compliance with SEBI LODR Regulations, 2015, organisations where SIDBI is having shareholding of 10% or more, except above are as under:

Bihar State Financial Corporation (48.43% Shareholding)

Delhi State Financial Corporation (23.66% Shareholding)

Gujarat State Financial Corporation (28.41% Shareholding)

Maharashtra State Financial Corporation (39.99% Shareholding)

Punjab State Financial Corporation (25.92% Shareholding)

Uttar Pradesh State Financial Corporation (24.18% Shareholding)

Canbank Factors Ltd (20% Shareholding)

KITCO Ltd. (49.77% Shareholding)

Bihar Industrial and Technical Consultancy Organisation Ltd. (49.25% Shareholding)

Rajasthan Asset Management Co. Pvt. Ltd. (24.50% Shareholding)

Rajasthan Trustee Co. Pvt. Ltd. (24.50% Shareholding)

Hyderabad Information Technology Venture Enterprises Ltd. (24.50% Shareholding)

Cyberabad Trustee Co. Pvt Ltd (24.50% Shareholding)

Andhra Pradesh State Financial Corporation (14.02% Shareholding)

Odisha Financial Corporation (15.31% Shareholding)

Rajasthan Financial Corporation (19.90% Shareholding)

North Eastern Development Finance Corporation Limited (10% Shareholding)

HARDICON Ltd. (12.5% Shareholding)

Himachal Consultancy Organisation Ltd. (14.78% Shareholding)

Rajasthan Consultancy Organisation Ltd (12% Shareholding)

NITCON Ltd. (14.26% Shareholding)

Gujarat Industrial and Technical Consultancy Organisation Ltd (12.5% Shareholding)

JKITCO Limited (11.65% Shareholding)

C. SIDBI SWAVALAMBAN FOUNDATION

Section 8 Company, Limited by Guarantee

D. CREDIT GUARANTEE FUND TRUST FOR MICRO AND SMALL ENTERPRISES

(Trust Jointly set up by Ministry of MSME and SIDBI)