Company overview

Gang Jong Development Finance Private Limited (GDF) is registered as an unlisted company under the Companies Act 2013 on 27-11-2017. GDF received Certificate of Registration (CoR) from Reserve Bank of India on 13-12-2018 as Non-Banking Finance Company (Non-Deposit Taking). As per the latest guidelines of RBI, GDF is now categorised as NBFC (Investment and Credit Company).

GDF commenced commercial operations in financial year 2018-19. The current target market of GDF is Tibetan businesses and enterprises spread across India into various Settlements. Most of the Tibetans in India are engaged in various economic activities for improvement in their economic status, including agriculture, various kinds of businesses and enterprises. Most of the businesses and enterprises taken up by Tibetans are in unorganised sector and do not have access to finance from the mainstream financial institutions due to various constraints.

Our Company Vision & Mission

Gangjong Development Finance(TibFin) is a flagship initiative of the Tibetan leadership that translate the Five-Fifty Vision into action. TibFin is the first RBI licensed Tibetan NBFC institution which currently provides small loans to thousands of micro and small Tibetan enterprises in India. It aspires to evolve into a bank of first choice for Tibetans providing a full suite of financial services savings,loans insurance, remittances, investments, consulting etc. with license from the Reserve Bank of India as a small Finance Bank(SFB).

Our Vision

Create a prosperous and resilient Tibetan community in exile capable of sustaining its unique socio-economic and public institution.

Our Goal

Provide affordable capital, financial services and financial literacy to Tibetan entrepreneurs and promote Tibetan Micro, Small and Medium Enterprises(MSMEs).

Who we are

GangJong Development Finance Private Limited(TibFin), an initiative of central Tibetan Administration, was incorporated on November 27, 2017 as an unlisted company registered with Registrar of Companies in the state of Himachal Pradesh, India. The registered office of the company is located at Gangchen Kyishong, Dharamsala. The three founding directors of the board are Mr. Karma Yeshi(Chairman), Mr. Alok Prasad and Dr. Kunchok Tsundue(Managing Director). Funding for the initiative is currently provided by the USAID.

Core Business and Services

TibFin began with an initiative focus on small and medium entrepreneurs who have low financial literacy and no collateral.

TibFin will also provide consulting, training and support services to the constituent clients including introduction of Fintech, methods and tools for working and MSME business development services to prospective clients.

Our History

TibFin is a flagship initiative of the Tibetan Leadership That translate the Five-Fifty Vision into action. TibFin has come a long way to be able to achieve the NBFC license.

2017

In 2017, the CTA with support from USAID, commissioned Dalberg Global Development Advisors to conduct a study on the feasibility and requirements of establishing a Tibetan Bank for Tibetan refugees in India.TibFin was incorporated in November 27,2017 as a private limited company under the india companies Act 2013 and has its registered office in Dharamsala. TibFin within a very short span of time has  successfully secured license from the Reserve Bank of India to operate as a Non-Banking Financial Corporation(NBFC).

2018

GDF commenced commercial operations in financial year 2018-19. The current target market of GDF is Tibetan businesses and enterprises spread across India into various Settlements.

Board of Directors

The three founding directors of the board are Mr. Karma Yeshi(Chairman), Mr. Alok Prasad and Dr. Kunchok Tsundue(Managing Director). Read more to find out their backgrounds.  Find Out More

TibFin Operational Team

Currently GangJong Development Finance Private Limited is fully functional company with the management team of eight. The staff are assigned to different roles and operational designation. The company is currently headed by Managing Director and external financial advisor. Read more