About Fusion Microfinance
Fusion Microfinance is a publicly listed company based in Delhi (India) founded in 2010 by Ashish Tewari. Provider of microloans. It operates on a Microfinance and NBFC Lenders model. The company has 12,403 employees. Its chief executive, as recorded, is Devesh Sachdev. Its Indian entity Fusion Finance Limited reported revenue of ₹1,732 Cr. Fusion Microfinance offers products and services including Fusion Microfinance Platform. Its focus areas include Microcredit, Companies, Microfinance and NBFC Lenders.
Company details
Fusion Microfinance operates with a Microfinance, NBFC Lenders model, focusing on microcredit, companies, microfinance, and companies offering small-amount loans to low income households and micro and small enterprises underserved by traditional financial institutions. Provider of microloans. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Delhi, India
- Employees 12,403
- Founders Ashish Tewari
- Stage Public
- SectorsFinancial Services
- Website fusionmicrofinance.com
- Legal Name Fusion Finance Limited
- Date of Incorporation 05 Sep, 1994
- Jurisdiction New Delhi, Delhi, India
- Market Cap₹2,189 Cr
FUSION · NSE
- Share Price₹129.24
-4.39% today
- Revenue₹1,699 Cr
FY 2025-26 · -27.5% YoY
- EBITDA₹451 Cr
Margin 26.6%
- Net Profit₹13.85 Cr
FY 2025-26 · +101.1% YoY
- P/E (TTM)13.0x
P/B 0.9x
- ROE0.6%
ROCE 5.8%
- Debt / Equity2.92
Interest cover 121.9x
- Employee Count12,403
Associated legal entities of Fusion Microfinance
Fusion Microfinance operates through Fusion Finance Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fusion Finance Limited Listed CIN L65100DL1994PLC061287 | Active | 05 Sep 1994 | New Delhi, Delhi | ₹1,732 Cr | 12,403 | 10 | View details |
Products & Services of Fusion Microfinance
Fusion Microfinance offers a comprehensive portfolio of products and services, including Fusion Microfinance Platform.
Provider of microloans
Board of directors of Fusion Finance Limited (Fusion Microfinance)
Fusion Finance Limited is the primary company behind Fusion Microfinance. The board of Fusion Finance Limited currently have 7 directors; the longest-serving is Namrata Kaul, appointed in 2020. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Namrata Kaul DIN 00994532 | Director | 18 Feb 2020 | 6 yrs 8 mo | Fusion Finance Limited |
| Puneet Gupta DIN 02728604 | Director | 05 Oct 2024 | 2 yrs | Fusion Finance Limited |
| Rajeev Sardana DIN 06648276 | Director | 18 Aug 2025 | 1 yr 2 mo | Fusion Finance Limited |
| Sanjay Garyali DIN 11046442 | Managing Director | 18 Aug 2025 | 1 yr 2 mo | Fusion Finance Limited |
| Hemant Omprakash Mundra DIN 08192978 | Director | 04 Sep 2025 | 1 yr 1 mo | Fusion Finance Limited |
| Brahmanand Hegde DIN 02984527 | Director | 06 Feb 2026 | 8 mo | Fusion Finance Limited |
| Remika Agarwal DIN 09438221 | Director | 31 Mar 2026 | 7 mo | Fusion Finance Limited |
People of Fusion Microfinance
66 people are tracked at Fusion Microfinance (11 in leadership, 5 in board & advisors, 50 in team); the tracked headcount is 12,403.
| Name | Role | Group |
|---|---|---|
| ex-Co-Founder | Leadership | |
| CEO & MD | Leadership | |
Tarun Mehndiratta | COO, MFI | Leadership |
Sanjay Choudhary | Chief Risk Officer | Leadership |
Gaurav Maheshwari | CFO | Leadership |
Pooja Mehta | Chief Human Resource Officer | Leadership |
Kamal Kumar Kaushik | COO, MSME | Leadership |
Mainak Chakrabortty | Assistant Vice President - Finance And Treasury | Leadership |
Himanshu Dutt | Zonal Business Head - North India | Leadership |
Lalit Chauhan | Branch Head | Leadership |
Ankush S. Ahluwalia | Chief Business Officer | Leadership |
Ken Vander Weele | Director | Board & advisors |
Narendra Ostawal | Nominee Director | Board & advisors |
Pankaj Vaish | Independent Director | Board & advisors |
| Independent Director | Board & advisors | |
Ratna Vishwanathan | Independent Director | Board & advisors |
Dheeraj Kumar Jha | Regional Manager | Team |
Gaurav Sharma | Senior Reconciliation Analyst | Team |
Rajendra Singh Makwana | Senior Divisional Manager | Team |
Ayush Agrawal | Senior Credit Officer | Team |
46 more people are available in the full profile.
Complete people profiles for Fusion Microfinance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Fusion Microfinance
Fusion Microfinance is a publicly listed company on the NSE with ticker symbol FUSION in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- Listed onNSE: FUSION
- Listed entityFusion Finance Limited
- Exchange sectorFinance
Financials of Fusion Microfinance
Exchange-reported figures of Fusion Finance Limited, the listed company behind Fusion Microfinance (NSE: FUSION).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,699 | 2,344 | 2,317 | 1,742 | 1,151 | 856 | 720 |
| Revenue growth | -27.5% | +1.2% | +33.0% | +51.3% | +34.5% | +18.8% | - |
| EBITDA | 451 | (302) | 1,367 | 1,104 | 476 | 419 | 430 |
| EBITDA margin | +26.6% | -12.9% | +59.0% | +63.4% | +41.3% | +48.9% | +59.7% |
| Profit before tax | (62.93) | (1,133) | 663 | 512 | 24.43 | 56.80 | 100 |
| Net profit | 13.85 | (1,225) | 505 | 387 | 21.76 | 43.95 | 69.61 |
| Net profit margin | +0.8% | -52.2% | +21.8% | +22.2% | +1.9% | +5.1% | +9.7% |
| EPS (₹) | 0.86 | (121.66) | 50.22 | 38.58 | 2.63 | 5.56 | 8.82 |
| Balance sheet | |||||||
| Total assets | 8,027 | 8,045 | 11,464 | 9,100 | 7,114 | 5,679 | 4,173 |
| Net worth | 2,456 | 1,643 | 2,848 | 2,322 | 1,338 | 1,246 | 1,199 |
| Total debt | 5,571 | 6,402 | 8,616 | 6,778 | 5,776 | 4,432 | 2,974 |
| Cash & bank | 2,005 | 853 | 1,553 | 1,065 | 1,154 | 1,335 | 818 |
| Net working capital | 1,902 | 752 | 1,389 | 960 | 1,090 | 1,223 | 793 |
| Cash flow | |||||||
| Cash from operations | 1,146 | 1,448 | (1,350) | (1,663) | (1,641) | (793) | (749) |
| Cash from investing | 12.17 | 74.40 | 31.48 | 17.85 | 18.48 | 9.56 | 20.05 |
| Cash from financing | (66.63) | (2,214) | 1,843 | 1,584 | 1,418 | 1,459 | 545 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 458 | 424 | 416 | 401 | 442 | 466 | 474 | 692 |
| Revenue growth (YoY) | +3.6% | -9.0% | -12.1% | -42.0% | -35.8% | - | - | - |
| Other income | 0.14 | 6.12 | 7.66 | 31.87 | 3.29 | 9.91 | 8.70 | 12.16 |
| Total expenses | 244 | 258 | 284 | 318 | 387 | 458 | 773 | 884 |
| EBITDA | 214 | 166 | 132 | 82.75 | 55.77 | 8.20 | (299) | (192) |
| EBITDA margin | +49.3% | +41.3% | +33.1% | +20.6% | +12.8% | +1.8% | -63.2% | -27.8% |
| Depreciation | 1.74 | 2.20 | 2.49 | 2.49 | 2.42 | 3.26 | 3.20 | 2.85 |
| Interest | 150 | 132 | 123 | 134 | 149 | 179 | 214 | 227 |
| Profit before tax | 62.41 | 37.41 | 14.05 | (22.14) | (92.25) | (165) | (508) | (410) |
| Tax | 0.00 | (76.78) | 0.00 | 0.00 | 0.00 | 0.00 | 212 | (105) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 458 | 424 | 416 | 401 | 442 | 466 | 474 | 692 |
| Revenue growth (YoY) | +3.6% | -9.0% | -12.1% | -42.0% | -35.8% | - | - | - |
| Other income | 0.14 | 6.12 | 7.66 | 31.87 | 3.29 | 9.91 | 8.70 | 12.16 |
| Total expenses | 244 | 258 | 284 | 318 | 387 | 458 | 773 | 884 |
| EBITDA | 214 | 166 | 132 | 82.75 | 55.77 | 8.20 | (299) | (192) |
| EBITDA margin | +49.3% | +41.3% | +33.1% | +20.6% | +12.8% | +1.8% | -63.2% | -27.8% |
| Depreciation | 1.74 | 2.20 | 2.49 | 2.49 | 2.42 | 3.26 | 3.20 | 2.85 |
| Interest | 150 | 132 | 123 | 134 | 149 | 179 | 214 | 227 |
| Profit before tax | 62.41 | 37.41 | 14.05 | (22.14) | (92.25) | (165) | (508) | (410) |
| Tax | 0.00 | (76.78) | 0.00 | 0.00 | 0.00 | 0.00 | 212 | (105) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,699 | 2,344 | 2,317 | 1,742 | 1,151 | 856 | 720 |
| Revenue growth | -27.5% | +1.2% | +33.0% | +51.3% | +34.5% | +18.8% | - |
| Other income | 33.97 | 24.95 | 95.69 | 58.05 | 50.08 | 17.28 | 10.05 |
| Total expenses | 1,247 | 2,646 | 949 | 638 | 676 | 437 | 290 |
| Employee cost | 617 | 573 | 431 | 326 | 233 | 169 | 148 |
| EBITDA | 451 | (302) | 1,367 | 1,104 | 476 | 419 | 430 |
| EBITDA margin | +26.6% | -12.9% | +59.0% | +63.4% | +41.3% | +48.9% | +59.7% |
| Depreciation | 9.60 | 11.67 | 9.01 | 7.41 | 5.37 | 3.89 | 2.58 |
| Interest | 539 | 844 | 791 | 643 | 496 | 375 | 338 |
| Profit before tax | (62.93) | (1,133) | 663 | 512 | 24.43 | 56.80 | 100 |
| Tax | (76.78) | 91.53 | 158 | 125 | 2.67 | 12.85 | 30.39 |
| Net profit | 13.85 | (1,225) | 505 | 387 | 21.76 | 43.95 | 69.61 |
| Net profit margin | +0.8% | -52.2% | +21.8% | +22.2% | +1.9% | +5.1% | +9.7% |
| EPS (₹) | 0.86 | (121.66) | 50.22 | 38.58 | 2.63 | 5.56 | 8.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 162 | 101 | 101 | 100 | 82.76 | 79.04 | 78.95 |
| Reserves & surplus | 2,294 | 1,543 | 2,748 | 2,222 | 1,255 | 1,167 | 1,120 |
| Shareholders' funds (net worth) | 2,456 | 1,643 | 2,848 | 2,322 | 1,338 | 1,246 | 1,199 |
| Secured loans | 4,476 | 5,613 | 7,567 | 5,557 | 5,036 | 3,924 | 2,478 |
| Unsecured loans | 1,094 | 789 | 1,048 | 1,222 | 740 | 509 | 496 |
| Total debt | 5,571 | 6,402 | 8,616 | 6,778 | 5,776 | 4,432 | 2,974 |
| Total liabilities | 8,027 | 8,045 | 11,464 | 9,100 | 7,114 | 5,679 | 4,173 |
| Assets | |||||||
| Gross block | 70.53 | 67.80 | 61.08 | 41.98 | 33.01 | 26.73 | 10.99 |
| Net block | 26.12 | 27.44 | 31.44 | 20.96 | 19.19 | 18.28 | 6.05 |
| Capital work in progress | 18.93 | 2.38 | 2.18 | 0.25 | 0.00 | 0.00 | 0.00 |
| Investments | 2.06 | 2.07 | 2.06 | 0.00 | 0.00 | 0.00 | 0.50 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 7.40 | 3.70 | 13.85 | 14.41 | 4.25 | 2.79 | 3.14 |
| Cash & bank balances | 2,005 | 853 | 1,553 | 1,065 | 1,154 | 1,335 | 818 |
| Loans & advances | 158 | 143 | 132 | 144 | 108 | 44.34 | 39.08 |
| Total current assets | 2,170 | 1,000 | 1,699 | 1,223 | 1,266 | 1,382 | 860 |
| Total current liabilities | 268 | 247 | 310 | 263 | 177 | 159 | 67.43 |
| Net working capital | 1,902 | 752 | 1,389 | 960 | 1,090 | 1,223 | 793 |
| Total assets | 8,027 | 8,045 | 11,464 | 9,100 | 7,114 | 5,679 | 4,173 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 783 | 1,475 | 950 | 1,011 | 1,215 | 540 | 724 |
| Net cash from operating activities | 1,146 | 1,448 | (1,350) | (1,663) | (1,641) | (793) | (749) |
| Net cash from investing activities | 12.17 | 74.40 | 31.48 | 17.85 | 18.48 | 9.56 | 20.05 |
| Net cash from financing activities | (66.63) | (2,214) | 1,843 | 1,584 | 1,418 | 1,459 | 545 |
| Net change in cash | 1,092 | (692) | 524 | (61.01) | (204) | 676 | (184) |
| Closing cash | 2,005 | 853 | 1,553 | 1,065 | 1,154 | 1,335 | 818 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -27.5% | +1.2% | +33.0% | +51.3% | +34.5% | +18.8% | - |
| EBITDA growth | +249.3% | -122.1% | +23.9% | +132.1% | +13.7% | -2.7% | - |
| PBT growth | +94.5% | - | +29.6% | +1995.7% | -57.0% | -43.2% | +46.2% |
| Net income growth | +101.1% | -342.3% | +30.5% | +1679.2% | -50.5% | -36.9% | - |
| Revenue CAGR (3Y) | -0.8% | +26.7% | +39.4% | +34.2% | +32.6% | +47.6% | +53.0% |
| EBITDA CAGR (3Y) | -25.8% | - | +48.4% | +36.9% | +13.9% | +70.8% | +60.6% |
| Profitability & leverage | |||||||
| Net income margin | +0.8% | -52.2% | +21.8% | +22.2% | +1.9% | +5.1% | +9.7% |
| Return on capital employed | +5.8% | 0.0% | +14.1% | +14.2% | +8.1% | +8.8% | +11.3% |
| Return on net worth | +0.6% | 0.0% | +19.6% | +21.2% | +1.7% | +3.6% | +7.6% |
| Debt / equity | 2.92 | 3.34 | 2.98 | 3.43 | 3.95 | 3.03 | 3.23 |
| Long-term debt / equity | 2.92 | 3.34 | 2.98 | 3.43 | 3.95 | 3.03 | 3.18 |
| Interest cover | 121.93 | -268.65 | 58.22 | 58.61 | 105.45 | 90.47 | 78.96 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 25.05 | 36.76 | 46.82 | 48.01 | 40.22 | 46.29 | 77.32 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 312.16 | 269.96 | 170.73 | 192.92 | 341.29 | 294.47 | 389.50 |
| EPS (₹) | 0.86 | (121.66) | 50.22 | 38.58 | 2.63 | 5.56 | 8.82 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 152.05 | 163.27 | 283.06 | 231.38 | 161.67 | 157.69 | 151.85 |
Web traffic of Fusion Microfinance
Websites that share an audience with Fusion Microfinance (fusionmicrofinance.com).
Websites whose visitors overlap most with Fusion Microfinance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| asirvadmicrofinance.co.in | 100% | 4.3K | #3,332,447 | View details | |
| mfinindia.org | 83% | #1,830,524 | View details | ||
ampl.net.in | ampl.net.in | 83% | – | ||
| asa-international.com | 82% | 174.1K | #346,808 | View details | |
| sonataindia.com | 81% | 4.3K | #4,351,432 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Fusion Microfinance
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Top companies in Microfinance
3 companies that operate in the same segment as Fusion Microfinance (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 | 15,190 | |
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 |
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Related news about Fusion Microfinance
Complete news archive for Fusion Microfinance
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Frequently Asked Questions about Fusion Microfinance
Fusion Microfinance was founded in 2010.
Fusion Microfinance is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Devesh Sachdev is the CEO of Fusion Microfinance, as recorded in our data.
Fusion Microfinance has 12,403 employees.
The primary company behind Fusion Microfinance, Fusion Finance Limited, reported revenue of ₹1,732 Cr for FY 2026, down 28% year on year.
Fusion Microfinance operates with a Microfinance, NBFC Lenders model, focusing on microcredit, companies, microfinance, and companies offering small-amount loans to low income households and micro and small enterprises underserved by traditional financial institutions. Provider of microloans. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Fusion Microfinance offers Fusion Microfinance Platform.
Yes, Fusion Microfinance is publicly traded on NSE under the ticker symbol FUSION.
Fusion Microfinance operates through Fusion Finance Limited.
The legal entities of Fusion Microfinance currently have 9 directors, including Namrata Kaul, Krishan Gopal, Brahmanand Hegde and others.