About Virutcham Microfinance
Virutcham Microfinance is a company based in Madurai (India) founded in 2008. Virutcham Microfinance has raised $895.16 thousand across 1 funding round from investors including Maria Edwin Jose, Ramasubbu G and Jose Mikle Robin G. The company has 228 employees as of March 31, 2024. Virutcham Microfinance offers products and services including Microfinance Loans. Virutcham 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 Madurai, India
- Employees 228 as on 31 Mar, 2024
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Virutcham Microfinance Limited
- Date of Incorporation 08 Jul, 2008
- Jurisdiction Madurai, Tamil Nadu, India
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Annual Revenue
$1.92 M (USD)41.05as on Mar 31, 2023
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Net Profit
$169.61 K (USD)21.7as on Mar 31, 2023
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EBITDA
$1.1 M (USD)35.13as on Mar 31, 2023
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Total Equity Funding
$895.16 K (USD)
in 1 rounds
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Latest Funding Round
$895.16 K (USD), Angel Round
Mar 30, 2019
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Investors
& 4 more
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Employee Count
228
as on Mar 31, 2024
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Products & Services of Virutcham Microfinance
Virutcham Microfinance offers a comprehensive portfolio of products and services, including Microfinance Loans.
Loans for poor women to start and sustain micro-enterprises in rural areas.
Funding Insights of Virutcham Microfinance
Virutcham Microfinance has successfully raised a total of $895.16K through 1 strategic funding round. The most recent funding activity was a Angel Round of $895.16 thousand completed in March 2019. 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 Virutcham Microfinance
Virutcham Microfinance has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Maria Edwin Jose, Ramasubbu G and Jose Mikle Robin G.
| Investor | Description | Founded Year | Domain | Location |
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Maria Edwin Jose |
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Ramasubbu G |
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JM
Jose Mikle Robin G |
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Investor details for Virutcham Microfinance
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Investments & Acquisitions by Virutcham Microfinance
Investment portfolio details for Virutcham Microfinance
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Financial Statements - Virutcham Microfinance
Detailed financials for Virutcham Microfinance
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Virutcham Microfinance Comparisons
Peer comparison for Virutcham Microfinance
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Competitors of Virutcham Microfinance
Virutcham 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 |
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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 Virutcham Microfinance
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Latest news on Virutcham Microfinance
Complete news archive for Virutcham Microfinance
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Frequently Asked Questions about Virutcham Microfinance
Virutcham Microfinance was founded in 2008 and raised its 1st funding round 11 years after it was founded.
Virutcham Microfinance is headquartered in Madurai, India. It is registered at Madurai, Tamil Nadu, India.
Charles Selvaraj S is the current CEO of Virutcham Microfinance.
Virutcham Microfinance is a funded company, having raised a total of $895.16K across 1 funding round to date.
As of Mar 31, 2024, the latest employee count at Virutcham Microfinance is 228.
Annual revenue of Virutcham Microfinance is $1.92M as on Mar 31, 2023.
Virutcham Microfinance was established in 2008 in Madurai, India, within the microfinance sector. Operations focus on delivering credit access to underserved consumers via micro loans, group loans, income generation loans, and emergency loans. Services are tailored to support financial inclusion in local communities, with activities centered in southern India. The organization is led by CEO and Managing Director Charles Selvaraj S.
Virutcham Microfinance's top competitors include ESAF, Satin Creditcare and Bharat Financial Inclusion.
Virutcham Microfinance offers Microfinance Loans.
Virutcham Microfinance has 5 investors. Key investors include Maria Edwin Jose, Ramasubbu G, Jose Mikle Robin G, Bala Swaminathan, and Dominic Xavier M.
The valuation of Virutcham Microfinance is $2.17M as of Mar 2019.