"Pursuant to approval of Government, Ministry of Corporate Affairs, Registrar of Companies, the name of the company has been changed from 'SKS Microfinance Limited' to 'Bharat Financial Inclusion Limited' with effect from today (June 13, 2016)," it said in a regulatory filing.
It is the only listed company in the microfinancing space in the country.
Earlier in May, the company had said the decision to change the name was taken as its core had undergone a transformation, equipping it to play a major role in fulfilling the national priority of financial inclusion.
The company was mired in serious controversy in late 2010 due to rising spate of suicides by its borrowers, triggered by allegedly coercive recovery practices.
Shares of the company closed 1.13 per cent lower at Rs 668.45 on BSE today.