India's Richest People 2026 edition · 1 director · Source: Hurun India
- #236 VP Nandakumar ₹15,900 Cr
Revenue · FY 2025
₹2,734.39 Cr
▲ 0.09% YoY
Net loss · FY 2025
₹638.72 Cr
Net margin -23.4%
EBITDA · FY 2025
₹223.25 Cr
EBITDA margin 8.2%
Authorised capital
₹600 Cr
Registered with MCA
Paid-up capital
₹332.64 Cr
Issued & subscribed
Open charges
₹14,869 Cr
Satisfied ₹16,996 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
13,997
Provident fund records
About Asirvad Micro Finance Limited
Data last updated:
Asirvad Micro Finance Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Manappuram Finance Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 29 August 2007 and has been in existence for over 19 years.
Its director VP Nandakumar is #236 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65923TN2007PLC064550. Its GSTIN is 33AAGCA5275J1ZL (Tamil Nadu). The company holds 28 GST registrations, of which 27 are active.
The company has an authorised share capital of ₹600 Cr and a paid-up capital of ₹332.64 Cr. It was formerly known as Asirvad Micro Finance Private Limited. It is led by directors including Thotanchath Balakrishnan and Pushya Sitaraman.
Its last annual general meeting (AGM) was held on 12 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,734.39 Cr. For the same year it recorded a net loss of ₹638.72 Cr (net margin -23.4%) and EBITDA of ₹223.25 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 20% over five years.
The company has about 13,997 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Asirvad Micro Finance, Asirvad microfinance services and Asirvad Microfinance. As per MCA filings, the company has open charges of ₹14,869 Cr and satisfied charges of ₹16,996 Cr on record. Court records list 1,378 cases involving the company, including 1,329 filed by the company and 49 filed against it; 767 cases are pending. The company has 19 deals on record (8 secondary share transfers, 6 rights issues, 5 funding rounds), with disclosed funding of ₹85.55 Cr; the latest was in June 2025. Its 3 peer companies in the BFSI industry (Finance, Large NBFC, Micro Finance), with the same principal business activity (activities auxiliary to financial service and insurance activities) are compared by revenue, 1 larger and 2 smaller; the largest is Iifl Samasta Finance Limited with revenue of ₹2,770.03 Cr. The company has 4 MSME Form 1 returns on record between 2022 and 2024, listing 47 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asirvadmicrofinance.co.in.
Company details
CIN U65923TN2007PLC064550
Registration Number 064550
Incorporation Date 29 August 2007
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 12 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Manappuram Finance Limited
Compliance Status Active Compliant
CIN history
Asirvad Micro Finance has one previous CIN (Corporate Identification Number): U65923TN2007PTC064550. The current CIN is U65923TN2007PLC064550, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923TN2007PLC064550 | Current |
| U65923TN2007PTC064550 | Previous |
Key People
Thotanchath Balakrishnan Director Pushya Sitaraman Director Harshan Kollara Sankarakutty Director Recognitions & Rankings of Asirvad Micro Finance
Contact details
Asirvad Micro Finance Limited's registered office is in Chennai, Tamil Nadu. Its website is asirvadmicrofinance.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCeebros Manjula 3rd Floor Office No. 1 New No. 39 Old No.45 Montieth Road, Egmore Opp Indian Red Cross Society, Chennai, Tamil Nadu, India – 600008
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Asirvad Micro Finance Limited, buy the company report.
Comprehensive company report
Asirvad Micro Finance Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Asirvad Micro Finance operates multiple associated brands including Asirvad Micro Finance, Asirvad microfinance services, and Asirvad Microfinance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers VoIP, cloud, and hosted email services for business communication. | asirvad.in | |
| Delivers comprehensive microfinance solutions to support individuals and businesses. | asirvadmicrofinanceservices.com | |
| Micro loans for consumers are provided by Asirvad Microfinance. | asirvadmicrofinance.co.in |
Business activity
The main business activity of Asirvad Micro Finance is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Asirvad Micro Finance Limited, buy the company report.
Financials of Asirvad Micro Finance Limited
FY 2025 filings availableAsirvad Micro Finance Limited reported revenue of ₹2,734.39 Cr for FY 2025.
Revenue · FY 2025
₹2,734.39 Cr
Net loss · FY 2025
₹638.72 Cr margin -23.4%
EBITDA · FY 2025
₹223.25 Cr margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 25%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▼ 86%
3 years · compounded
▼ 29%
5 years · compounded
▼ 21%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years. EBITDA fell 86% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2,734.39 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹223.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹638.72 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | -23.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Asirvad Micro Finance Limited, buy the company report.
Board of directors of Asirvad Micro Finance Limited
Asirvad Micro Finance has 9 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thotanchath Balakrishnan Also directs: Manappuram Comptech and Consultants Limited, Muralya Dairy Products Private Limited, MLR Auto Limited and 1 more | Director | 15 May 2018 | 8 Years 5 Months | Current |
| Pushya Sitaraman Also directs: LMW Limited, Shiksha Financial Services India Private Limited | Director | 02 Feb 2019 | 7 Years 9 Months | Current |
| Harshan Kollara Sankarakutty Also directs: Manappuram Finance Limited | Director | 07 Aug 2021 | 5 Years 3 Months | Current |
| Subrata Kumar Atindra Mitra Also directs: QSK Advisory LLP, Il&Fs Engineering and Construction Company Limited, Il&Fs Transportation Networks Limited and 3 more | Director | 17 Mar 2020 | 6 Years 7 Months | Current |
| Desh Raj Dogra | Director | 09 Sep 2016 | 10 Years 2 Months | Current |
| Gautam Rathindranath Saigal Also directs: Manappuram Home Finance Limited, Pachira Financial Services LLP, Zim Health Technologies Limited and 1 more | Director | 18 Mar 2015 | 11 Years 7 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
Asirvad Micro Finance Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Finance, Large NBFC, Micro Finance), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Iifl Samasta Finance Limited | ₹2,770.03 Cr (FY 2023) | 172.0% | Bengaluru, Karnataka, India | |||
| Asirvad Micro Finance Limitedthis company | ₹2,734.39 Cr (FY 2025) | -₹638.72 Cr | -23.4% | 13,997 | Chennai, Tamil Nadu, India | |
| Aditya Birla Housing Finance Limited | ₹2,656.29 Cr (FY 2025) | 45.0% | Veraval, Gujarat, India | |||
| Icici Home Finance Company Limited | ₹2,648.26 Cr (FY 2024) | 36.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Asirvad Micro Finance Limited, buy the company report.
Auditor
Asirvad Micro Finance Limited is audited by M. P. Chitale & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. P. Chitale & Co | FY 2023 | 101851W |
Shareholding
The shareholding of Asirvad Micro Finance Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asirvad Micro Finance Limited, buy the company report.
Charges & borrowings
Open charges
₹14,869 Cr
Satisfied charges
₹16,996 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2025 | 101180295 | Others | ₹200 Cr | Open | |
| 28 Oct 2025 | 101181886 | Others | ₹200 Cr | Open | |
| 29 Sep 2025 | 101167997 | Others | ₹40 Cr | Open | |
| 19 Sep 2025 | 101163980 | Others | ₹100 Cr | Open | |
| 16 Sep 2025 | 101166642 | Others | ₹60 Cr | Open |
To see the full charge records of Asirvad Micro Finance Limited, buy the company report.
Total charge records: 458 View all charges
Deals & funding
Asirvad Micro Finance Limited has 19 deals on record (8 secondary share transfers, 6 rights issues, 5 funding rounds), with disclosed funding of ₹85.55 Cr; the latest was in June 2025.
Total deals
19
Secondary share transfers
8
Rights issues
6
Funding rounds
5
Disclosed funding
₹85.55 Cr
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Rights issue | ₹500 Cr | Investors: Manappuram Finance Limited |
| Sep 2022 | Rights issue | ₹250 Cr | Investors: Manappuram Finance Limited , 3 individuals |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: Manappuram Finance Limited Seller: an individual |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: Manappuram Finance Limited Seller: an individual |
| Mar 2019 | Rights issue | ₹270.86 Cr | Investors: Manappuram Finance Limited , 3 individuals |
To see the full deal history of Asirvad Micro Finance Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Asirvad Micro Finance Limited has 1,378 court cases on record: 1,329 filed by Asirvad Micro Finance, 49 filed against it. 767 cases are pending and 611 are disposed.
Total cases
1,378
Filed by the company
1,329
Filed against the company
49
Pending
767
Disposed
611
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,351 | 46 | 761 |
| High courts | 27 | 3 | 6 |
Cases on record (5 of 1,378)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Civil miscellaneous application | Filed against the company by Digamber Capfin Ltd. | Pending |
| District court, Jaipur Metro II, Rajasthan | Civil suit | Filed against the company by Digamber Capfin Ltd. | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Pending |
| Madras High Court | Court case (TCA) | Filed against the company by The Principal Commissioner of Income Tax 1 | Pending |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed against the company | Pending |
To see the full case history of Asirvad Micro Finance Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Asirvad Micro Finance Limited has 4 MSME Form 1 returns on record between 2022 and 2024, listing 47 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dev Systems & IT Services Private Limited | |||
| Udhayam Printers |
To see the full MSME payment records of Asirvad Micro Finance Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Asirvad Micro Finance Limited has a workforce of 13,997 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
13,997
Active EPFO establishments
1
Employee growth
-19.6%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 13,997 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Asirvad Micro Finance Limited, buy the company report.
GST
Asirvad Micro Finance has 28 GST registrations: 27 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
28
Active
27
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCA5275J1ZL | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAGCA5275J2ZK | Tamil Nadu | Active | 26 Jul 2017 |
| 03AAGCA5275J1ZO | Punjab | Active | 30 Jun 2017 |
| 04AAGCA5275J1ZM | Chandigarh | Active | 30 Jun 2017 |
To see the full GST registrations and return filing status of Asirvad Micro Finance Limited, buy the company report.
Recent activity
Asirvad Micro Finance Limited has 47 board changes on record since 2007: 28 appointments and 19 cessations. The latest: Anita Belani ceased to be Director on 09 Oct 2025.
Charges
A charge registered on 02 Mar 2023 via Charge ID 100688269 with Idbi Bank Limited was fully satisfied on 26 Nov 2025.
Charges
A charge registered on 21 Feb 2023 via Charge ID 100681614 with Others was fully satisfied on 25 Nov 2025.
Charges
A charge registered on 25 Sep 2023 via Charge ID 100789155 with Others was fully satisfied on 19 Nov 2025.
Charges
A charge registered on 28 Jun 2023 via Charge ID 100743441 with Yes Bank Limited was fully satisfied on 14 Nov 2025.
Charges
A charge registered on 30 Mar 2023 via Charge ID 100703572 with Indian Bank was fully satisfied on 07 Nov 2025.
Charges
A charge registered on 30 Oct 2023 via Charge ID 100808065 with Uco Bank was fully satisfied on 04 Nov 2025.
Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 101180295 was registered on 30 Oct 2025.
Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 101181886 was registered on 28 Oct 2025.
Charges
A charge registered on 25 Aug 2023 via Charge ID 100773507 with Others was fully satisfied on 27 Oct 2025.
Charges
A charge registered on 23 Sep 2023 via Charge ID 100795835 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 24 Oct 2025.
Ceased
Anita Belani ceased to be Director.
Charges
A charge registered on 03 Feb 2023 via Charge ID 100679261 with Others was fully satisfied on 06 Oct 2025.
892 earlier events are in the company report.
News
Frequently asked questions
Asirvad Micro Finance is an active public limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 29 August 2007 (19+ years old) and is registered under CIN U65923TN2007PLC064550.
Asirvad Micro Finance has 9 current directors:
- Thotanchath Balakrishnan - Director
- Pushya Sitaraman - Director
- Harshan Kollara Sankarakutty - Director
- Subrata Kumar Atindra Mitra - Director
- Desh Raj Dogra - Director
- Gautam Rathindranath Saigal - Director
- Abhijit Sen - Director
- Vazhappully Padmanabhan Nandakumar - Director
- Raja Vaidyanathan Venkataraman Sattanathapuram - Director
The latest financial statements of Asirvad Micro Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Asirvad Micro Finance is 33AAGCA5275J1ZL, registered in Tamil Nadu. The company has 28 GST registrations in all, of which 27 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAGCA5275J2ZK (Tamil Nadu), 03AAGCA5275J1ZO (Punjab), 04AAGCA5275J1ZM (Chandigarh).
The CIN (Corporate Identification Number) of Asirvad Micro Finance is U65923TN2007PLC064550. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asirvad Micro Finance has 1,378 court cases on record: 1,329 filed by the company and 49 filed against it. 767 are pending. Most are in the district courts.
Asirvad Micro Finance was incorporated on 29 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chennai.
Asirvad Micro Finance has 19 deals on record (8 secondary share transfers, 6 rights issues, 5 funding rounds), with disclosed funding of ₹85.55 Cr; the latest was in June 2025.
The peers of Asirvad Micro Finance by revenue are Iifl Samasta Finance Limited, Aditya Birla Housing Finance Limited, Icici Home Finance Company Limited, all in the BFSI industry (Finance, Large NBFC, Micro Finance), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Anita Belani ceased to be Director on 09 Oct 2025. Blangat Narayanan Raveendra Babu ceased to be Managing Director on 02 Jun 2025. Satish Nair ceased to be CEO on 27 Jul 2024. Asirvad Micro Finance has 47 board changes on record in total.
Asirvad Micro Finance has 4 MSME Form 1 returns on record between 2022 and 2024, listing 47 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Asirvad Micro Finance can be reached through the website asirvadmicrofinance.co.in. Its registered office is in Chennai, Tamil Nadu, India.
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