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. 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 16,309
- SectorsFinancial Services
- Website asirvadmicrofinance.co.in
- Acquired by Manappuram Finance (Oct 2014)
- 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₹280 Cr
FY 2025 · 10% margin
- Total Equity Funding$1.75M (USD)
in 4 rounds
- Latest Funding Round$15.23M (USD), Debt – Conventional
May 2021
- InvestorsManappuram Finance
& 4 more
- Employee Count16,309
- Acquired byManappuram Finance
(Oct 2014)
Associated legal entities of Asirvad Microfinance
Asirvad Microfinance is associated with 2 registered companies on The Company Check; the primary company is Asirvad Micro Finance Limited. Each company page carries the filings, financials, charges and directors of that entity.
| 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 |
| Manappuram Finance Limited Listed CIN L65910KL1992PLC006623 | Active | 15 Jul 1992 | Chavakkad, Kerala | ₹10,041 Cr | 32,297 | 12 | View details |
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.
- Total Funding $1.75M
- Total Rounds 4
- Last Round Debt – Conventional — $15.23M
- First Round $1.75M
(Sep 2009)
- Investors Count 4
All 4 funding rounds of Asirvad Microfinance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $15.23M | Debt – Conventional | – | – | |
| Mar 2021 | $6.8M | Debt – Conventional | – | – | |
| Sep 2020 | $29.91M | Debt – Conventional | – | – | |
| Sep 2009 | $1.75M | Series A | – | – |
5 investors in total: 5 institutional.
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 |
|---|---|---|---|---|
Investment firm focusing on tech-enabled enterprises in social and environmental sectors. | 2002 | lokcapital.com | Gurugram, India | |
Government agency focused on small and medium-sized businesses | 1948 | bii.co.uk | London, United Kingdom | |
Long-term commercial loans are provided to middle-market businesses and funds. | 2003 | worldbusinesscapital.com | Hartford, United States | |
Diversified investment management services are provided to clients internationally. | 2006 | investinvisions.com | Frankfurt Am Main, Germany | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | manappuram.com | Valapad, India |
Investor details for Asirvad Microfinance
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Board of directors of Asirvad Micro Finance Limited (Asirvad Microfinance)
Asirvad Micro Finance Limited is the primary company behind Asirvad Microfinance. The boards of the 2 registered companies of Asirvad Microfinance currently have 16 directors; the longest-serving is Vazhappully Padmanabhan Nandakumar, appointed in 1992. 69 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vazhappully Padmanabhan Nandakumar DIN 00044512 | Managing Director | 15 Jul 1992 | 34 yrs 2 mo | Manappuram Finance Limited, Asirvad Micro Finance Limited |
| Raja Vaidyanathan Venkataraman Sattanathapuram DIN 01467098 | Director | 29 Aug 2007 | 19 yrs 1 mo | Asirvad Micro Finance Limited |
| Gautam Rathindranath Saigal DIN 00640229 | Director | 18 Mar 2015 | 11 yrs 6 mo | Asirvad Micro Finance Limited |
| Desh Raj Dogra DIN 00226775 | Director | 09 Sep 2016 | 10 yrs | Asirvad Micro Finance Limited |
| Thotanchath Balakrishnan DIN 00052922 | Director | 15 May 2018 | 8 yrs 4 mo | Asirvad Micro Finance Limited |
| Pushya Sitaraman DIN 06537196 | Director | 02 Feb 2019 | 7 yrs 8 mo | Asirvad Micro Finance Limited |
| Harshan Kollara Sankarakutty DIN 01519810 | Director | 28 Jan 2020 | 6 yrs 8 mo | Manappuram Finance Limited, Asirvad Micro Finance Limited |
| Subrata Kumar Atindra Mitra DIN 00029961 | Director | 17 Mar 2020 | 6 yrs 6 mo | Asirvad Micro Finance Limited |
| Abhijit Sen DIN 00002593 | Director | 17 Mar 2020 | 6 yrs 6 mo | Asirvad Micro Finance Limited |
| Sumitha Nandan DIN 03625120 | Whole-time director | 01 Jan 2023 | 3 yrs 9 mo | Manappuram Finance Limited |
| Rakesh Induprasad Bhatt DIN 02531541 | Additional Director | 05 May 2026 | 5 mo | Manappuram Finance Limited |
| Rosemary Sebastian DIN 07938489 | Additional Director | 05 May 2026 | 5 mo | Manappuram Finance Limited |
| Ashish Arvind Kotecha DIN 02384614 | Additional Director | 05 May 2026 | 5 mo | Manappuram Finance Limited |
| Rishi Mandawat DIN 07639602 | Additional Director | 05 May 2026 | 5 mo | Manappuram Finance Limited |
| Balaji Veeravalli Vijayaraghavan DIN 05122430 | Additional Director | 05 May 2026 | 5 mo | Manappuram Finance Limited |
| Rajesh Kumar Rathanchand DIN 08708450 | Additional Director | 05 May 2026 | 5 mo | Manappuram Finance Limited |
Financials of Asirvad Microfinance
Figures of Asirvad Micro Finance Limited, the primary company behind Asirvad Microfinance, for FY 2025. Revenue was ₹2,734 Cr (0% year on year). Net loss was -₹639 Cr (-23% margin). EBITDA was ₹280 Cr (10% 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
- ₹280 CrEBITDA · 10% margin
- ₹284 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
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Asirvad Microfinance
4 dated milestones of Asirvad Microfinance across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Asirvad Microfinance is founded.
- Funding First funding round of $1.8M.
- Exit Acquired by Manappuram Finance.
- Funding Latest funding round, Debt – Conventional, of $15.2M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| esafbank.com | 1992 | Thrissur, India | $111.83M | 6,194 | Microfinance banking services are offered in India by ESAF. | |
| satincreditcare.com | 1990 | Delhi, India | $41.25M | 15,350 | Micro loans for businesses are offered by this NBFC. | |
| fincarebank.com | 2007 | Bengaluru, India | $174.84M | 12,894 | Micro-finance bank | |
| bfil.co.in | 1997 | Secunderabad, India | $144.02M | 87,000 | Provider of micro-credit & insurance for low income income individuals and women | |
| svatantramicrofin.com | 2012 | Mumbai, India | $232.92M | 12,482 | Microcredit services are provided to rural women for financial inclusion. | |
| chaitanyaindia.in | 2004 | Bengaluru, India | $13.09M | 11,594 | Micro-credit financing is provided to low-income individuals and businesses. | |
| spandanaindia.com | 2003 | Hyderabad, India | $192M | 18,646 | Microfinance loans are extended to low-income households for various needs. | |
| muthootmicrofin.com | 2010 | Ernakulam, India | $138.19M | 17,665 | Microfinance loans are extended to low-income women entrepreneurs. |
Detailed competitors of Asirvad Microfinance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Asirvad Microfinance
The website of Asirvad Microfinance (asirvadmicrofinance.co.in) receives about 4.3K visits a month.
- Monthly visits4.3K
▼ 54.7% vs previous month
Websites whose visitors overlap most with Asirvad Microfinance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nelito.com | 100% | 22.4K | #1,298,773 | View details | |
| fusionmicrofinance.com | 97% | – | – | View details | |
| fivestargroup.in | 96% | 33.4K | #912,897 | View details | |
| gichfindia.com | 91% | 20.1K | #1,065,440 | View details | |
| maduramicrofinance.com | 90% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 33 similar websites and full traffic analytics for Asirvad Microfinance
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- Audience overlap
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Latest news on Asirvad Microfinance
Complete news archive for Asirvad Microfinance
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Asirvad Microfinance
10 companies that operate in the same segment as Asirvad Microfinance (Microfinance), 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 111.83 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 41.25 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | – | USD 71.68 M | 12,403 | |
Provider of micro-credit & insurance for low income income individuals and women | 1997 | Secunderabad, Telangana, India | USD 144.02 M | USD 208.71 M | 38,310 | |
Microfinance loans are extended to low-income women entrepreneurs. | 2010 | Ernakulam, Kerala, India | USD 138.19 M | USD 251.96 M | 10,650 | |
Microfinance and banking services are provided to urban poor communities. | 2005 | Bengaluru, Karnataka, India | USD 238.31 M | USD 857.24 M | 24,370 | |
Microcredit services are provided to rural women for financial inclusion. | 2012 | Mumbai, Maharashtra, India | USD 232.92 M | USD 49.44 M | 10,779 | |
Avanti Finance is focused on providing affordable financial services. | 2016 | Bengaluru, Karnataka, India | USD 79.74 M | USD 13.6 M | 87 | |
Microfinance services offering loans to low-income households in India. | 1999 | Bengaluru, Karnataka, India | – | – | – | |
Microcredit is extended to individuals and businesses in need. | 2014 | Shibuya, Tokyo, Japan | USD 324.62 M | – | – |
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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. The company's 1st funding round was a Series A of $1.75M, raised on Sep 2009.
Asirvad Microfinance has 16,309 employees.
The primary company behind Asirvad Microfinance, Asirvad Micro Finance Limited, reported revenue of ₹2,734 Cr for FY 2025, down 0% year on year.
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.
Asirvad Microfinance is associated with 2 legal entities: Asirvad Micro Finance Limited, Manappuram Finance Limited.
Yes. Asirvad Microfinance was acquired by Manappuram Finance in October 2014.
The legal entities of Asirvad Microfinance currently have 22 directors, including Vazhappully Padmanabhan Nandakumar, Harshan Kollara Sankarakutty, Sumitha Nandan and others.