[2][3] The name Village Financial Services Private Limited (VFSPL) was registered by the Registrar of Companies on 23 January 2006.

Subsequently, the Reserve Bank of India granted it a certificate of registration dated 1 December 2006.

[4] In 2013, VFSPL became the first microfinance institution (MFI) in eastern India to get the status of an NBFC-MFI or Non-Banking Financial Company-MFI from the RBI.

In 1982, that developed to Village Welfare Society (VWS) and was registered as a not-for-profit organization.

The firm was renamed to Village Financial Services Limited, regulated by the RBI.