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
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
- Legal Name Asirvad Micro Finance Limited
- Date of Incorporation 29 Aug, 2007
- Jurisdiction Chennai, Tamil Nadu, India
-
Annual Revenue
$94.88 M (USD)44.61as on Mar 31, 2019
-
Net Profit
$18.57 M (USD)510.46as on Mar 31, 2019
-
EBITDA
$59.85 M (USD)198.82as on Mar 31, 2019
-
Total Equity Funding
$1.75 M (USD)
in 4 rounds
-
Latest Funding Round
$15.23 M (USD), Debt – Conventional
May 24, 2021
-
Investors
Manappuram Finance
& 4 more
-
Employee Count
16309
as on Apr 05, 2024
-
Acquired by
Manappuram Finance
(Oct 30, 2014)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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 Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $15.2M
-
First Round
First Round
(11 Sep 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Debt – Conventional - Asirvad Microfinance | Valuation |
investors |
|
| Mar, 2021 | Amount | Debt – Conventional - Asirvad Microfinance | Valuation |
investors |
|
| Sep, 2020 | Amount | Debt – Conventional - Asirvad Microfinance | Valuation |
investors |
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.
|
Founded Year | Domain | Location | |
|
Government agency focused on small and medium-sized businesses
|
Founded Year | Domain | Location | |
|
Long-term commercial loans are provided to middle-market businesses and funds.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Asirvad Microfinance
Financial Statements - Asirvad Microfinance
Asirvad Microfinance Comparisons
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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Microfinance banking services are offered in India by ESAF.
|
|
| domain | founded_year | HQ Location |
Micro loans for businesses are offered by this NBFC.
|
|
| domain | founded_year | HQ Location |
Micro-finance bank
|
|
| domain | founded_year | HQ Location |
Provider of micro-credit & insurance for low income income individuals and women
|
|
| domain | founded_year | HQ Location |
Microcredit services are provided to rural women for financial inclusion.
|
|
| domain | founded_year | HQ Location |
Micro-credit financing is provided to low-income individuals and businesses.
|
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 Debt – Conventional of $29.91M, raised on Sep 11, 2009.
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.