Sarala has set itself the following goals over the 5 years ending March 2022:
From a current level of 66 branches spread over 3 Indian states but largely concentrated in the state of West Bengal, Sarala intends to increase geographical footprint through additional branches and presence in additional Indian states. While doing so, our policy will include the current processes followed for locations selection.
Headquartered in Kolkata, eastern India, Sarala has a unique advantage of being close to some of the most densely populated regions of India as well as looking further eastwards to the underserved markets of the North-east. Here is the regional distribution of Microfinance activity within India:
Some of the adjoining states to West Bengal such as Assam Meghalaya and Sikkim in the North-east offer relatively untapped markets along with low Human Development in these regions.
Sarala has decided not to open any more branches in West Bengal and has already expanded into Bihar and Assam. Among Sarala’s growth plans are to expand into the states of :