Sequoia Capital, private equity firm has been engaged as a promoter of SKS Microfinance Ltd., country’s largest MFI. Sequoia Capital holds a 24% stake in SKS.

There are eight other institutional promoters in SKS. Its CEO Suresh Gurumani holds a minority stake of less than 5%. Among the larger shareholders, Kismet Capital Advisors has 17% stake, Sandstone Capital holds 12% and SKS Trust for the Benefit of Women Entrepreneurs holds 15%.

SKS is working upon its IPO to hit the stock market in the first quarter of the next financial year.