Premium
This is an archive article published on July 30, 2013

KfW buys 30 stake in IIMPS

Invest India Micro Pension Services IIMPS,aggregator of regulated micro-pension and long-term micro-saving products for economically weaker section,today said Germany-based KfW has picked up 30 per cent stake in the company for 3.28 million about Rs 19.2 crore

google-preferred-btn

Invest India Micro Pension Services IIMPS,aggregator of regulated micro-pension and long-term micro-saving products for economically weaker section,today said Germany-based KfW has picked up 30 per cent stake in the company for 3.28 million about Rs 19.2 crore.

Further,the Michael amp; Susan Dell Foundation has invested an additional 400,000 and increased its own shareholding in the company,IIMPS said in a statement.

The equity investment from KfW and the Dell Family Foundation will help further strengthen financial literacy and client protection mechanisms, said Gautam Bhardwaj,MD,IIMPS. Other institutional shareholders include UTI AMC and Self Employed Womens Association SEWA.

IIMPS collects money from low income individuals who save on an average Rs 200 per month towards for their old age. These savings are redistributed between two funds: the governments NPS-Lite Swavalamban and the

UTI Retirement Benefit Pension Fund.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Shooting coach
Shooting coach accused of sexual assault failed dope test, owned cafes and fitness club
Omar Abdullah
Why ‘celebrate' after Vaishno Devi medical college’s MBBS course spiked: Omar Abdullah
Yash is doing Toxic after the blockbuster success of KGF Chapter 2
Toxic teaser: Amid the Vanga-fication of the landscape, will the real Geetu Mohandas stand up?
Toxic teaser: Yash's character Raya was revealed on his birthday
'Daddy's back': Yash's 2.5-minute Toxic teaser packs more action than an average potboiler; film to clash with Dhurandhar 2
Swiggy rider bengaluru
Swiggy delivery agent helps family stranded without fuel in Bengaluru; video goes viral
Sridhar Vembu admitted that the engineer had previously been sceptical of AI-generated code
‘I was blown away’: Sridhar Vembu on how AI supercharged an engineer’s productivity at Zoho
Shooting coach
Shooting coach accused of sexual assault had failed dope test, owned cafes and fitness club
New Zealand leg-spinner Adithya Ashok. (Screengrab via Adithya's Instagram)
How Adithya Ashok, Rajnikanth fan with roots in Vellore and New Zealand leg-spin hope, is charting his own path
Mustafizur Rahman. (AP Photo)
Shashi Tharoor writes: Banning Mustafizur Rahman from IPL makes no sense. Bangladesh isn't Pakistan
TAPS
Tamil Nadu, a pioneer in pension reforms two decades back, now reverses course
A pet dog sleeping on the floor near a door at night
Why dogs often choose to sleep near doors instead of their beds
From 'failed supernovae' to supermassive monsters, black holes reveal what happens when gravity overwhelms everything else.
Giants, ghosts, and gravity traps: The many lives of black holes
Advertisement
Must Read
Shooting coach accused of sexual assault had failed dope test, owned cafes and fitness club
Shooting coach
How Adithya Ashok, Rajnikanth fan with roots in Vellore and New Zealand leg-spin hope, is charting his own path
New Zealand leg-spinner Adithya Ashok. (Screengrab via Adithya's Instagram)
PV Sindhu after defeating World No 9 Tomoka Miyazaki at Malaysia Open: 'I'll be playing badminton for a couple of more years'
PV Sindhu in action during the Round of 16 at the Malaysia Open 2026 badminton tournament. (Photo: Badminton Photo)
Giants, ghosts, and gravity traps: The many lives of black holes
From 'failed supernovae' to supermassive monsters, black holes reveal what happens when gravity overwhelms everything else.
Google DeepMind and Boston Dynamics to test Gemini-powered humanoids at Hyundai factories
Boston Dynamics’ Atlas humanoid robot will soon get a Gemini AI upgrade
Amazon’s AI agent-driven shopping trial sparks backlash from US retailers: Report
The logo of Amazon is seen at the Viva Technology conference at Porte de Versailles exhibition center in Paris
Why dogs often choose to sleep near doors instead of their beds
A pet dog sleeping on the floor near a door at night
Advertisement
Buzzing Now
Swiggy delivery agent helps family stranded without fuel in Bengaluru; video goes viral
Swiggy rider bengaluru
‘I was blown away’: Sridhar Vembu on how AI supercharged an engineer’s productivity at Zoho
Sridhar Vembu admitted that the engineer had previously been sceptical of AI-generated code
Vietnamese waiter’s love for ‘Balika Vadhu’ stuns Indian traveller; Avika Gor says ‘made my day’
Vietnamese waiter love Balika Vadhu
Viral video shows elderly Sikh man serving free food at Barnala railway station; watch
Sikh man serving free food at Barnala railway station
Kashmiri cab driver returns tourist's lost bag with cash and iPhone, video of emotional woman emerges: 'God will surely reward him'
With the help of information found inside the bag and assistance from locals, the driver successfully contacted the tourist
Jan 08: Latest News
Advertisement