About Asirvad Microfinance
Asirvad Microfinance is a company based in Chennai (India) founded in 2009 was acquired by Manappuram Finance in October 2014. Asirvad Microfinance has raised $1.75 million across 4 funding rounds from investors including Manappuram Finance, British International Investment and Lok Capital. The company has 16,309 employees as of April 05, 2024. Asirvad Microfinance operates in a competitive market with competitors including ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
- Headquarter Chennai, India
- Employees 16309 as on 05 Apr, 2024
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
- Legal Name Asirvad Micro Finance Limited
- Date of Incorporation 29 Aug, 2007
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$94.88 M (USD)44.61as on Mar 31, 2019
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Net Profit
$18.57 M (USD)510.46as on Mar 31, 2019
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EBITDA
$59.85 M (USD)198.82as on Mar 31, 2019
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Total Equity Funding
$1.75 M (USD)
in 4 rounds
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Latest Funding Round
$15.23 M (USD), Debt – Conventional
May 24, 2021
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Investors
Manappuram Finance
& 4 more
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Employee Count
16309
as on Apr 05, 2024
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Acquired by
Manappuram Finance
(Oct 30, 2014)
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Funding Insights of Asirvad Microfinance
Asirvad Microfinance has successfully raised a total of $1.75M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15.23 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Asirvad Microfinance
Asirvad Microfinance has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Manappuram Finance, British International Investment and Lok Capital.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm focusing on tech-enabled enterprises in social and environmental sectors.
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Government agency focused on small and medium-sized businesses
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Long-term commercial loans are provided to middle-market businesses and funds.
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Investor details for Asirvad Microfinance
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Investments & Acquisitions by Asirvad Microfinance
Investment portfolio details for Asirvad Microfinance
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Financial Statements - Asirvad Microfinance
Detailed financials for Asirvad Microfinance
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Asirvad Microfinance Comparisons
Peer comparison for Asirvad Microfinance
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Competitors of Asirvad Microfinance
Asirvad Microfinance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
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Microfinance banking services are offered in India by ESAF.
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Micro loans for businesses are offered by this NBFC.
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Micro-finance bank
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Provider of micro-credit & insurance for low income income individuals and women
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Microcredit services are provided to rural women for financial inclusion.
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Micro-credit financing is provided to low-income individuals and businesses.
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Detailed competitors of Asirvad Microfinance
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Latest news on Asirvad Microfinance
Complete news archive for Asirvad Microfinance
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Frequently Asked Questions about Asirvad Microfinance
Asirvad Microfinance was founded in 2009.
Asirvad Microfinance is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Asirvad Microfinance is a funded company, having raised a total of $1.75M across 4 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Asirvad Microfinance is 16,309.
Annual revenue of Asirvad Microfinance is $94.88M as on Mar 31, 2019.
Asirvad Microfinance was established in 2009 and is headquartered in Chennai, India. Operations are focused on the microfinance sector, where micro loans, gold loans, and MSME loans are extended to consumers. Services are delivered primarily in rural and semi-urban areas to support small-scale financial needs. The company maintains a presence through its domain asirvadmicrofinance.co.in for accessibility.
Asirvad Microfinance's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
Asirvad Microfinance has 5 investors. Key investors include Manappuram Finance, British International Investment, Lok Capital, Invest in Visions, and WorldBusiness Capital.