About Asmitha Microfin
Asmitha Microfin is a Financial Services company based in Hyderabad (India) founded in 2002. It operates as a collateral-free microcredit loans are provided to underserved clients. 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. Asmitha Microfin was last valued at $117.13 million in August 2009. Its chief executive is Rekam Jayasurya. Its Indian entity Asmitha Microfin Limited reported revenue of ₹71.6 Lakh. Asmitha Microfin offers products and services including Plesk. Its focus areas include Microfinance, Microcredit and Sustainability Tech. Its competitors include ESAF, Satin Creditcare, Fincare Small Finance Bank, Bharat Financial Inclusion and Svatantra Microfinance and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Hyderabad, India
- Employees 3
- Stage Minicorn
- SectorsFinancial Services
- Website asmithamicrofin.com
- Social LinkedIn
- Legal Name Asmitha Microfin Limited
- Date of Incorporation 26 Feb, 2001
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹71.6 Lakh
FY 2024 · -16% YoY
- Net Loss-₹7.67 Cr
FY 2024 · -1072% margin
- EBITDA-₹2.75 Cr
FY 2024 · -384% margin
- Total Equity Funding$20.5M (USD)
in 3 rounds
- Latest Funding Round$10.49M (USD), Series A
Aug 2009
- InvestorsBlueOrchard
& 9 more
- Employee Count3
Associated legal entities of Asmitha Microfin
Asmitha Microfin operates through Asmitha Microfin Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Asmitha Microfin Limited CIN U65923TG2001PLC036283 | Active | 26 Feb 2001 | – | ₹0.7 Cr | 3 | 6 | View details |
Products & Services of Asmitha Microfin
Asmitha Microfin offers a comprehensive portfolio of products and services, including Plesk.
Control panel for managing web servers and hosting services
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.
- Total Funding $20.5M
- Total Rounds 3
- Last Round Series A — $10.49M
- First Round $4.78M
(Sep 2007)
- Investors Count 10
All 3 funding rounds of Asmitha Microfin 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 |
|---|---|---|---|---|---|
| Aug 2009 | $10.49M | Series A | $117.13M | BlueOrchard | |
| Oct 2008 | $5.22M | Series A | – | BlueOrchard | – |
| Sep 2007 | $4.78M | Series A | $8.98M | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2009 | $117.13M | •••••••• |
| Sep 2007 | $8.98M | •••••••• |
Last known valuation $117.13M (Aug 2009). 10 investors in total: 2 institutional and 8 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Debt and equity investments are managed by this private fund. | 2001 | blueorchard.com | Zurich, Switzerland | |
Offers business loans and financial services to micro and small enterprises in India. | 2007 | jacinthfinvest.com | Hyderabad, India | |
VS Vidya Sravanthi | - | – | unknown_db3e051bd1bb4ad38 | - |
SP Sharon Phebe | - | – | unknown_9837007524ce45c5a | - |
MV M Vasumathi | - | – | unknown_92a54493d8c347a4a | - |
MJ M J Akhila | - | – | unknown_50293331e33c48e0a | - |
SP Sheeba Prithika | - | – | unknown_186f9d6de7d243cb8 | - |
MA Maureen Asmitha | - | – | unknown_20cd1e24daed4f52b | - |
ML M Lazarus | - | – | unknown_71c0e29782574b6a9 | - |
SR Srinivasa Rao | - | – | unknown_0dae8a9441a749708 | - |
Investor details for Asmitha Microfin
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Board of directors of Asmitha Microfin Limited (Asmitha Microfin)
Asmitha Microfin Limited is the primary company behind Asmitha Microfin. The board of Asmitha Microfin Limited currently have 5 directors; the longest-serving is Vaishali Vaidya, appointed in 2008. 33 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vaishali Vaidya DIN 02200670 | Director | 14 Feb 2008 | 18 yrs 8 mo | Asmitha Microfin Limited |
| Jayasurya Rekam DIN 02050834 | Whole-time director | 05 Sep 2017 | 9 yrs 1 mo | Asmitha Microfin Limited |
| Khagendranath Kumar Vadlamudi DIN 09010721 | Director | 30 Dec 2020 | 5 yrs 9 mo | Asmitha Microfin Limited |
| Janaki Rama Rao Gandham DIN 10569092 | Director | 30 Mar 2024 | 2 yrs 6 mo | Asmitha Microfin Limited |
| Srinivas Reddy DIN 05109178 | Whole-time director | 27 Feb 2025 | 1 yr 7 mo | Asmitha Microfin Limited |
People of Asmitha Microfin
1 people are tracked at Asmitha Microfin (1 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for Asmitha Microfin
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Financials of Asmitha Microfin
Figures of Asmitha Microfin Limited, the primary company behind Asmitha Microfin, for FY 2024. Revenue was ₹71.6 Lakh (-16% year on year). Net loss was -₹7.67 Cr (-1072% margin). EBITDA was -₹2.75 Cr (-384% margin). Revenue has grown at a compounded annual rate of -27% over three years and -49% over five years.
- ₹71.6 LakhRevenue · FY 2024 · -16% YoY
- -₹7.67 CrNet loss · -1072% margin
- -₹2.75 CrEBITDA · -384% margin
- ₹1,138 CrPaid-up capital
- 3Employees (provident fund records)
- -27%Revenue CAGR, 3 years
- -49%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Asmitha Microfin Limited are on its company page.
Detailed financial statements for Asmitha Microfin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Asmitha Microfin
4 dated milestones of Asmitha Microfin across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Asmitha Microfin is founded.
- Funding First funding round of $4.8M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $10.5M.
Competitors of Asmitha Microfin
Asmitha Microfin has 9 listed competitors in our database, 9 of them funded. They include 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 | $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 | |
| 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. | |
| muthootmicrofin.com | 2010 | Ernakulam, India | $138.19M | 17,665 | Microfinance loans are extended to low-income women entrepreneurs. | |
| spandanaindia.com | 2003 | Hyderabad, India | $192M | 18,646 | Microfinance loans are extended to low-income households for various needs. | |
| asirvadmicrofinance.co.in | 2009 | Chennai, India | $1.75M | 32,159 | Micro loans for consumers are provided by Asirvad Microfinance. |
Detailed competitors of Asmitha Microfin
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Top companies in Microfinance
10 companies that operate in the same segment as Asmitha Microfin (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 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 | 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 | |
Micro loans for consumers are provided by Asirvad Microfinance. | 2009 | Chennai, Tamil Nadu, India | USD 1.75 M | USD 94.88 M | 16,309 | |
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 | – | – | – |
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Related news about 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. The company's 1st funding round was a Series A of $4.78M, raised on Sep 2007.
Asmitha Microfin has 3 employees.
The primary company behind Asmitha Microfin, Asmitha Microfin Limited, reported revenue of ₹71.6 Lakh for FY 2024, down 16% year on year.
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.
Asmitha Microfin operates through Asmitha Microfin Limited.