CreditAccess Grameen saw a tepid stock market debut on Thursday. Udaya Kumar Hebbar, MD and CEO of the microfinance institution spoke to CNBC-TV18 about the company's outlook.

Karnataka and Maharashtra have been their key geographies when they started but now other states are also aiding growth. With deeper penetration into other states, Karnataka and Maharashtra are growing at 25-30 percent, while others are growing more than 60-100 percent.

“So do not see a big concentration risk in our business,” said Hebbar.

"The capital adequacy ratio post IPO stands at 37 percent and will support growth for the next two years and post that bring it down to 20 percent," Hebbar said, adding that the business is very capital intensive and balance sheets have to be strong.

The company aims at maintaining CAR at around 20 percent, he said.

Credit Access Grameen Ltd is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.