About Asmitha Microfin
Asmitha Microfin is a company based in Hyderabad (India) founded in 2002. Asmitha Microfin has raised $20.5 million across 3 funding rounds from investors including BlueOrchard, Jacinth Finvest and Vidya Sravanthi. The company has 3 employees as of April 05, 2024. Asmitha Microfin offers products and services including Plesk. Asmitha Microfin operates in a competitive market with competitors including ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance, among others.
- Headquarter Hyderabad, India
- Employees 3 as on 05 Apr, 2024
- Stage Minicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Asmitha Microfin Limited
- Date of Incorporation 26 Feb, 2001
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$102.18 K (USD)-26.61as on Mar 31, 2023
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Net Profit
-$641.07 K (USD)47.93as on Mar 31, 2023
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EBITDA
$12.02 K (USD)101.9as on Mar 31, 2023
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Total Equity Funding
$20.5 M (USD)
in 3 rounds
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Latest Funding Round
$10.49 M (USD), Series A
Aug 28, 2009
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Investors
BlueOrchard
& 9 more
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Employee Count
3
as on Apr 05, 2024
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Products & Services of Asmitha Microfin
Asmitha Microfin offers a comprehensive portfolio of products and services, including Plesk.
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Funding Insights of Asmitha Microfin
Asmitha Microfin has successfully raised a total of $20.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10.49 million completed in August 2009. 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 Asmitha Microfin
Asmitha Microfin has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include BlueOrchard, Jacinth Finvest and Vidya Sravanthi.
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Debt and equity investments are managed by this private fund.
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Offers business loans and financial services to micro and small enterprises in India.
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Vidya Sravanthi |
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Investor details for Asmitha Microfin
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Investments & Acquisitions by Asmitha Microfin
Investment portfolio details for Asmitha Microfin
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Financial Statements - Asmitha Microfin
Detailed financials for Asmitha Microfin
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Asmitha Microfin Comparisons
Peer comparison for Asmitha Microfin
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Competitors of Asmitha Microfin
Asmitha Microfin 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 Asmitha Microfin
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Latest news on Asmitha Microfin
Complete news archive for Asmitha Microfin
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Frequently Asked Questions about Asmitha Microfin
Asmitha Microfin was founded in 2002 and raised its 1st funding round 5 years after it was founded.
Asmitha Microfin is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Rekam Jayasurya is the current CEO of Asmitha Microfin.
Asmitha Microfin is a funded company, having raised a total of $20.5M across 3 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Asmitha Microfin is 3.
Annual revenue of Asmitha Microfin is $102.18K as on Mar 31, 2023.
Asmitha Microfin was founded in 2002 in Hyderabad, India, and operates within the microfinance sector. Collateral-free loans are extended, along with customized products, repeat financing based on repayment capacity, and enterprise development support. Mature clients receive micro enterprise loans, while supplementary options are available for business diversification and expansion. Services target rural and low-income populations across India.
Asmitha Microfin's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
Asmitha Microfin offers Plesk.
Asmitha Microfin has 10 investors. Key investors include BlueOrchard, Jacinth Finvest, Vidya Sravanthi, Sharon Phebe, and M Vasumathi.
The valuation of Asmitha Microfin is $117.13M as of Aug 2009.