Asirvad Micro Finance Limited

Provides microcredit to economically-backwards women in villages across India.

2007 | Chennai, Tamil Nadu (India) | Active
Last Updated: October 24, 2024

Asirvad Micro Finance Profile

Key Indicators

  • Authorised Capital ₹ 300.00 Cr
  • Paid Up Capital ₹ 200.28 Cr
  • Company Age 17 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 19,038.14 Cr
  • Satisfied Charges ₹ 11,722.08 Cr
  • Revenue Growth 24.60%
  • Profit Growth 1329.73%
  • Ebitda 55.27%
  • Net Worth 43.77%
  • Total Assets 49.41%

About Asirvad Micro Finance

Asirvad Micro Finance Limited (AMFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 August 2007 and has a history of 17 years and five months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Asirvad Micro Finance Private Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 300.00 Cr and a paid-up capital of Rs 200.28 Cr.

The company currently has active open charges totaling ₹19,038.14 Cr. The company has closed loans amounting to ₹11,722.08 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Asirvad Micro Finance Limited India are Aparna Menon as COMPANY SECRETARY and Rajesh Namboodiripad as Cfo. Abhijit Sen, Subrata Mitra, Blangat Raveendra, and Eight other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U65923TN2007PLC064550

  • Company No.

    064550

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    29 Aug 2007

  • Date of AGM

    16 Aug 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Asirvad Micro Finance?

Executive Team (3)

Name Designation Appointment Date Status
Blangat Raveendra Country flag representing In Managing Director 10-Feb-2015 Current
Aparna Menon Company Secretary 01-Dec-2020 Current
Rajesh Namboodiripad CFO 17-May-2022 Current

Board Members (10)

Name Designation Appointment Date Status
Vazhappully Nandakumar Country flag representing In Director 10-Feb-2015 Current
Raja Sattanathapuram Country flag representing In Director 29-Aug-2007 Current
Harshan Sankarakutty Country flag representing Gb Director 07-Aug-2021 Current
Desh Dogra Country flag representing In Director 09-Sep-2016 Current
Anita Belani Country flag representing In Director 23-Mar-2023 Current
Abhijit Sen Country flag representing In Director 17-Mar-2020 Current

Financial Performance of Asirvad Micro Finance.

Asirvad Micro Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 24.6% increase. The company also saw a substantial improvement in profitability, with a 1329.73% increase in profit. The company's net worth Soared by an impressive increase of 43.77%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
24.60%
Revenue from Operations
25.39%
Total Assets
49.41%
Profit or Loss
1329.73%
Net Worth
43.77%
EBITDA
55.27%

What is the Ownership and Shareholding Structure of Asirvad Micro Finance?

In 2022, Asirvad Micro Finance had a promoter holding of 99.43% and a public holding of 0.57%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹19,038.14 Cr

Satisfied Charges

₹11,722.08 Cr

Charges Breakdown by Lending Institutions

  • Others : 11099.33 Cr
  • State Bank Of India : 1419.00 Cr
  • Yes Bank Limited : 1300.00 Cr
  • Sidbi : 1000.00 Cr
  • Axis Bank Limited : 875.00 Cr
  • Others : 3344.81 Cr

Latest Charge Details

Date Lender Amount Status
03 Oct 2024 Others ₹300.00 Cr Open
28 Sep 2024 Axis Bank Limited ₹175.00 Cr Open
27 Sep 2024 Idbi Bank Limited ₹150.00 Cr Open
25 Sep 2024 Uco Bank ₹200.00 Cr Open
23 Sep 2024 Karnataka Bank Ltd. ₹50.00 Cr Open

How Many Employees Work at Asirvad Micro Finance?

Asirvad Micro Finance has a workforce of 16309 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Asirvad Micro Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Asirvad Micro Finance's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Asirvad Micro Finance

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 300.00 Cr with Charge ID 100984734 was registered on 03 Oct 2024.

    03 Oct 2024

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 175.00 Cr with Charge ID 100985336 was registered on 28 Sep 2024.

    28 Sep 2024

  • Charges

    A charge with Idbi Bank Limited amounted to Rs. 150.00 Cr with Charge ID 100984483 was registered on 27 Sep 2024.

    27 Sep 2024

  • Charges

    A charge registered on 16 Sep 2021 via Charge ID 100490622 with Others was fully satisfied on 27 Sep 2024.

    27 Sep 2024

  • Charges

    A charge with Uco Bank amounted to Rs. 200.00 Cr with Charge ID 100982033 was registered on 25 Sep 2024.

    25 Sep 2024

  • Charges

    A charge with Karnataka Bank Ltd. amounted to Rs. 50.00 Cr with Charge ID 100981788 was registered on 23 Sep 2024.

    23 Sep 2024

Frequently asked questions

  • Asirvad Micro Finance Limited was incorporated on 29 Aug 2007.

  • The authorized share capital of Asirvad Micro Finance Limited is ₹ 300.00 Cr and paid-up capital is ₹ 200.28 Cr.

  • Currently 13 directors are associated with Asirvad Micro Finance Limited.

    • Abhijit Sen
    • Subrata Kumar Atindra Mitra
    • Blangat Narayanan Babu Raveendra
    • Vazhappully Padmanabhan Nandakumar
    • Thotanchath Balakrishnan
    • Desh Raj Dogra
    • Gautam Rathindranath Saigal
    • Raja Vaidyanathan Venkataraman Sattanathapuram
    • Harshan Kollara Sankarakutty
    • Anita Belani
    • Pushya Sitaraman
    • Aparna Menon
    • Rajesh Kottanbilli Namboodiripad
  • As per Ministry of Corporate Affairs (Mca), the registered address of Asirvad Micro Finance Limited is 9Th Floor No.9, Club House Road Anna Salai India, Chennai, Tamil Nadu, 600002.

  • The corporate identification number (CIN) of Asirvad Micro Finance Limited is U65923TN2007PLC064550 and the company number is 064550 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Asirvad Micro Finance Limited is https://www.asirvadmicrofinance.co.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Asirvad Micro Finance Limited has risen by 24.60%.

  • As Per 2023 financial reports, 16309 employees are currently employed by Asirvad Micro Finance Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Asirvad Micro Finance Limited has experienced an upsurge of 43.77%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Asirvad Micro Finance Limited amount to ₹ 19,038.14 Cr.

  • The most recent Balance Sheet for Asirvad Micro Finance Limited was filed with the ROC on 31 Mar 2023.

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