About Asirvad microfinance services
Asirvad microfinance services was a Financial Services company based in Chennai (India) founded in 2007. It delivers comprehensive microfinance solutions to support individuals and businesses. It operates on a B2C model. The company has 14,719 employees. Its Indian entity Asirvad Micro Finance Limited reported revenue of ₹2,734 Cr. The company is recorded as dissolved. Its focus areas include Microfinance, Lending Solutions and Microloans. Similar companies include ESAF, Satin Creditcare and Fincare Small Finance Bank; 3 of its 3 listed similar companies have raised funding.
Company details
Asirvad microfinance services operates with a B2C model, focusing on offering financial products and advice, microfinance, lending solutions, and microloans. Delivers comprehensive microfinance solutions to support individuals and businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Chennai, India
- Employees 14,719
- SectorsFinancial Services
- Website asirvadmicrofinanceservices.com
- Legal Name Asirvad Micro Finance Limited
- Date of Incorporation 29 Aug, 2007
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹2,734 Cr
FY 2025 · 0% YoY
- Net Loss-₹639 Cr
FY 2025 · -23% margin
- EBITDA₹223 Cr
FY 2025 · 8% margin
- Employee Count14,719
Associated legal entities of Asirvad microfinance services
Asirvad microfinance services operates through Asirvad Micro Finance Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Asirvad Micro Finance Limited CIN U65923TN2007PLC064550 | Active | 29 Aug 2007 | Chennai, Tamil Nadu | ₹2,734 Cr | 16,309 | 13 | View details |
Board of directors of Asirvad Micro Finance Limited (Asirvad microfinance services)
Asirvad Micro Finance Limited is the primary company behind Asirvad microfinance services. The board of Asirvad Micro Finance Limited currently have 9 directors; the longest-serving is Raja Vaidyanathan Venkataraman Sattanathapuram, appointed in 2007. 27 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raja Vaidyanathan Venkataraman Sattanathapuram DIN 01467098 | Director | 29 Aug 2007 | 19 yrs 2 mo | Asirvad Micro Finance Limited |
| Vazhappully Padmanabhan Nandakumar DIN 00044512 | Director | 10 Feb 2015 | 11 yrs 9 mo | Asirvad Micro Finance Limited |
| Gautam Rathindranath Saigal DIN 00640229 | Director | 18 Mar 2015 | 11 yrs 7 mo | Asirvad Micro Finance Limited |
| Desh Raj Dogra DIN 00226775 | Director | 09 Sep 2016 | 10 yrs 2 mo | Asirvad Micro Finance Limited |
| Thotanchath Balakrishnan DIN 00052922 | Director | 15 May 2018 | 8 yrs 5 mo | Asirvad Micro Finance Limited |
| Pushya Sitaraman DIN 06537196 | Director | 02 Feb 2019 | 7 yrs 9 mo | Asirvad Micro Finance Limited |
| Subrata Kumar Atindra Mitra DIN 00029961 | Director | 17 Mar 2020 | 6 yrs 7 mo | Asirvad Micro Finance Limited |
| Abhijit Sen DIN 00002593 | Director | 17 Mar 2020 | 6 yrs 7 mo | Asirvad Micro Finance Limited |
| Harshan Kollara Sankarakutty DIN 01519810 | Director | 07 Aug 2021 | 5 yrs 3 mo | Asirvad Micro Finance Limited |
Financials of Asirvad microfinance services
Figures of Asirvad Micro Finance Limited, the primary company behind Asirvad microfinance services, for FY 2025. Revenue was ₹2,734 Cr (0% year on year). Net loss was -₹639 Cr (-23% margin). EBITDA was ₹223 Cr (8% margin). Revenue has grown at a compounded annual rate of +25% over three years and +20% over five years.
- ₹2,734 CrRevenue · FY 2025 · 0% YoY
- -₹639 CrNet loss · -23% margin
- ₹223 CrEBITDA · 8% margin
- ₹333 CrPaid-up capital
- 16,309Employees (provident fund records)
- +25%Revenue CAGR, 3 years
- +20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Asirvad Micro Finance Limited are on its company page.
Detailed financial statements for Asirvad microfinance services
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Similar companies to Asirvad microfinance services
Asirvad microfinance services has 3 listed similar companies in our database, 3 of them funded. They include ESAF, Satin Creditcare and Fincare Small Finance Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| esafbank.com | 1992 | Thrissur, India | $101.74M | 6,194 | Microfinance banking services are offered in India by ESAF. | |
| satincreditcare.com | 1990 | Delhi, India | $40M | 15,350 | Micro loans for businesses are offered by this NBFC. | |
| fincarebank.com | 2007 | Bengaluru, India | $174.84M | 12,894 | Micro-finance bank |
Detailed similar companies of Asirvad microfinance services
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Top companies in Microfinance
3 companies that operate in the same segment as Asirvad microfinance services (Microfinance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 40 M | USD 310.26 M | 752 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Frequently Asked Questions about Asirvad microfinance services
Asirvad microfinance services was founded in 2007.
Asirvad microfinance services is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Asirvad microfinance services has 14,719 employees.
The primary company behind Asirvad microfinance services, Asirvad Micro Finance Limited, reported revenue of ₹2,734 Cr for FY 2025, down 0% year on year.
Asirvad microfinance services operates with a B2C model, focusing on offering financial products and advice, microfinance, lending solutions, and microloans. Delivers comprehensive microfinance solutions to support individuals and businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Asirvad microfinance services's top competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank.
Asirvad microfinance services operates through Asirvad Micro Finance Limited.
The legal entities of Asirvad microfinance services currently have 13 directors, including Thotanchath Balakrishnan, Pushya Sitaraman, Harshan Kollara Sankarakutty and others.