About Asomi Fi nce
Asomi Fi nce is a Financial Services company based in Guwahati (India) founded in 2001. Micro Finance in Assam. Asomi Fi nce has raised $1.63 million across 3 funding rounds from investors including Incofin Investment Management, Jainex and Meenar Vyapaar. The company has 23 employees. Asomi Fi nce was last valued at $1.95 million in September 2007. Its Indian entity Asomi Finance Private Limited reported revenue of ₹84 Lakh. Its focus areas include Microfinance, Microcredit and Sustainability Tech. Its competitors include Ujjivan Small Finance Bank, Jana Small Finance Bank and AU Small Finance Bank; 3 of its 3 listed competitors have raised funding.
Company details
Began as an NGO in 2001 and started operating as NBFC in 2009 by nbsp;Arham Finance. Offers micro loans through the SHG model in 20 districts of Assam, operating through 44 branches with focus on women and micro-entrepreneurs. Has impacted 2012 villages with over 120,000 members and a loan book of INR 40Cr. Also offers small savings accounts (up to INR 1500) and micro-insurance. Belgium based Incofin owns 34 stake in the company.
- Headquarters Guwahati, India
- Employees 23
- Stage Minicorn
- SectorsFinancial Services
- Website asomi.co.in
- Social LinkedIn Facebook
- Legal Name Asomi Finance Private Limited
- Date of Incorporation 29 Mar, 1995
- Jurisdiction Guwahati, Assam, India
- Annual Revenue₹84 Lakh
FY 2022 · -14% YoY
- Net Profit₹5,464
FY 2022 · 0% margin
- EBITDA₹7.9 Lakh
FY 2022 · 9% margin
- Total Equity Funding$1.63M (USD)
in 3 rounds
- Latest Funding Round$1.6M (USD), Series A
Dec 2008
- InvestorsIncofin Investment Management
& 8 more
- Employee Count23
Associated legal entities of Asomi Fi nce
Asomi Fi nce is associated with 2 registered companies on The Company Check; the primary company is Asomi Finance Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Asomi Finance Private Limited CIN U67120AS1995PTC004409 | Active | 29 Mar 1995 | Guwahati, Assam | ₹0.8 Cr | 23 | 4 | View details |
| Bhabanjali Finance Private Limited CIN U72200AS1992PTC003672 | Active | 20 Mar 1992 | Guwahati, Assam | ₹0.0 Cr | 4 | View details |
Funding Insights of Asomi Fi nce
Asomi Fi nce has successfully raised a total of $1.63M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.6 million completed in December 2008. 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 $1.63M
- Total Rounds 3
- Last Round Series A — $1.6M
- First Round $19,765
(Mar 2007)
- Investors Count 9
All 3 funding rounds of Asomi Fi nce 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 |
|---|---|---|---|---|---|
| Dec 2008 | $1.6M | Series A | – | Incofin Investment Management | – |
| Sep 2007 | $12,626 | Angel Round | $1.95M | Meenar Vyapaar | – |
| Mar 2007 | $19,765 | Seed | $1.78M | Babulal Nahata |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2007 | $1.95M | •••••••• |
| Mar 2007 | $1.78M | •••••••• |
Last known valuation $1.95M (Sep 2007). 9 investors in total: 3 institutional and 6 angel.
Investors in Asomi Fi nce
Asomi Fi nce has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Incofin Investment Management, Jainex and Meenar Vyapaar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact investing in agriculture, water access, and microfinance across emerging markets. | 2001 | incofin.com | Antwerp, Belgium | |
Securities brokerage services are provided in Kolkata, India. | Kolkata, India | |||
Supplier of cold rolled steel strips, hardened and tempered steel strips | 1968 | jainexgroup.com | Mumbai, India | |
MV Meenar Vyapaar | unknown_1d01575aea904670b | |||
RK Rohit Kochar | Angel investor, founder of BML Edu, focused on edtech and startups | unknown_9b5c4e167d3442cf9 | ||
BN Babulal Nahata | unknown_a9e2425890894ecfb | |||
MD Mina Das | unknown_cccd94e6868b473aa | |||
GK Gurucharan Kalita | unknown_e157d5587bcb4baf9 | |||
SK Shikha Kochar | unknown_dc0b972e006c44edb |
Investor details for Asomi Fi nce
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Asomi Finance Private Limited (Asomi Fi nce)
Asomi Finance Private Limited is the primary company behind Asomi Fi nce. The boards of the 2 registered companies of Asomi Fi nce currently have 5 directors; the longest-serving is Himani Roy, appointed in 2015. 30 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Himani Roy DIN 07334480 | Director | 22 Nov 2015 | 10 yrs 11 mo | Asomi Finance Private Limited, Bhabanjali Finance Private Limited |
| Debajit Kalita DIN 08077962 | Director | 29 Sep 2020 | 6 yrs 1 mo | Asomi Finance Private Limited |
| Dhiraj Deka DIN 08761165 | Director | 29 Sep 2020 | 6 yrs 1 mo | Asomi Finance Private Limited, Bhabanjali Finance Private Limited |
| Kankan Das DIN 09357002 | Additional Director | 20 May 2022 | 4 yrs 5 mo | Bhabanjali Finance Private Limited |
| Subhra Jyoti Bharali DIN 01899592 | Director | 02 Aug 2024 | 2 yrs 3 mo | Asomi Finance Private Limited, Bhabanjali Finance Private Limited |
Financials of Asomi Fi nce
Figures of Asomi Finance Private Limited, the primary company behind Asomi Fi nce, for FY 2022. Revenue was ₹84 Lakh (-14% year on year). Net profit was ₹5,464 (0% margin). EBITDA was ₹7.9 Lakh (9% margin). Revenue has grown at a compounded annual rate of -45% over three years and -39% over five years.
- ₹84 LakhRevenue · FY 2022 · -14% YoY
- ₹5,464Net profit · 0% margin
- ₹7.9 LakhEBITDA · 9% margin
- ₹3.83 CrPaid-up capital
- 23Employees (provident fund records)
- -45%Revenue CAGR, 3 years
- -39%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Asomi Finance Private Limited are on its company page.
Detailed financial statements for Asomi Fi nce
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Asomi Fi nce
4 dated milestones of Asomi Fi nce across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Asomi Fi nce is founded.
- Funding First funding round of $20K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.6M.
Competitors of Asomi Fi nce
Asomi Fi nce has 3 listed competitors in our database, 3 of them funded. They include Ujjivan Small Finance Bank, Jana Small Finance Bank and AU Small Finance Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ujjivansfb.in | 2005 | Bengaluru, India | $153.96M | 22,566 | Small finance services are extended to underserved segments in India. | |
| janabank.com | 1999 | Bengaluru, India | $814.02M | 29,388 | Microfinance bank | |
| aubank.in | 1996 | Jaipur, India | $118M | 31,943 | Collateralised loans for commercial vehicles are extended to rural entrepreneurs. |
Detailed competitors of Asomi Fi nce
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Microfinance
3 companies that operate in the same segment as Asomi Fi nce (Microfinance) in India, 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 | 752 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Frequently Asked Questions about Asomi Fi nce
Asomi Fi nce was founded in 2001 and raised its 1st funding round 6 years after it was founded.
Asomi Fi nce is headquartered in Guwahati, India. It is registered at Guwahati, Assam, India.
Asomi Fi nce is a funded company, having raised a total of $1.63M across 3 funding rounds to date. The company's 1st funding round was a Seed of $19.77K, raised on Mar 2007.
Asomi Fi nce has 23 employees.
The primary company behind Asomi Fi nce, Asomi Finance Private Limited, reported revenue of ₹84 Lakh for FY 2022, down 14% year on year.
Began as an NGO in 2001 and started operating as NBFC in 2009 by nbsp;Arham Finance. Offers micro loans through the SHG model in 20 districts of Assam, operating through 44 branches with focus on women and micro-entrepreneurs. Has impacted 2012 villages with over 120,000 members and a loan book of INR 40Cr. Also offers small savings accounts (up to INR 1500) and micro-insurance. Belgium based Incofin owns 34 stake in the company.
Asomi Fi nce's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and Jana Small Finance Bank.
Asomi Fi nce has 9 investors. Key investors include Incofin Investment Management, Jainex, Meenar Vyapaar, Jainex Securities, and Rohit Kochar.
The valuation of Asomi Fi nce is $1.95M as of Sep 2007.
Asomi Fi nce is associated with 2 legal entities: Asomi Finance Private Limited, Bhabanjali Finance Private Limited.
The legal entities of Asomi Fi nce currently have 5 directors, including Debajit Kalita, Dhiraj Deka, Himani Roy and others.