It will be 10 years since Parinaam conducted its first Eye Camp in Bangalore for 365 Ujjivan beneficiaries and with that a beautiful partnership was formed. Parinaam and Ujjivan came together as strategic partners with a fundamental belief that financial support alone cannot help the poor and that poverty manifests itself in various forms.
Ujjivan is one of the most reputed micro finance institutions in the world. Ujjivan started operations as an NBFC in 2005 with the mission to provide a full range of financial services to the economically active poor who are not adequately served by financial institutions
On October 7, 2015, Ujjivan received an in-principle approval from the RBI to set up a small finance bank (SFB) and is now in transition to become an SFB. Parinaam offers strategic support to Ujjivan Financial Services Pvt. Ltd. by providing their customers with micro credit "plus" services in the areas of healthcare, education, practical vocational training and job enhancement, basic community services and capacity building initiatives.
Other Funders and Supporters Parinaam has a track record with funders of financial integrity and high standards of delivery.The organization's strength lies in its skilled and committed team to provide quality services to the urban and semi-urban poor. Besides Ujjivan Financial Services, Parinaam's past and current funders and supporters include Michael & Susan Dell Foundation, Hong Kong and Shanghai Banking Corporation Limited, DSP Black Rock Mutual Fund, Sequoia Capital India Operations LLC, The World Bank, Citi Foundation and Bellwether Microfinance Fund Private Limited.
Financials Parinaam Foundation started as a not-for-profit organization in 2006, with in the meaning of Section 8 of the Companies Act, 2013(earlier under Section25 of the Companies Act, 1956) was incorporated in March 2008.