Asirvad Micro Finance Profile
Key Indicators
- Authorised Capital ₹ 300.00 Cr
- Paid Up Capital ₹ 200.28 Cr
- Company Age 17 Year, 6 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 six 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
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
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  | 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 | Director | 10-Feb-2015 | Current |
| Raja Sattanathapuram | Director | 29-Aug-2007 | Current |
Harshan Sankarakutty  | Director | 07-Aug-2021 | Current |
| Desh Dogra | Director | 09-Sep-2016 | Current |
| Anita Belani | Director | 23-Mar-2023 | Current |
| Abhijit Sen | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Ppfas Asset Management Private LimitedSubrata Mitra is a mutual person
Manappuram Jewellers Limited.Vazhappully Nandakumar is a mutual person
Manappuram Construction And Consultants LimitedVazhappully Nandakumar is a mutual person
Idfc LimitedAnita Belani is a mutual person
Kalyani Forge LimitedAbhijit Sen is a mutual person
Aham Housing Finance Private LimitedDesh Dogra and Raja Sattanathapuram are mutual person
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.
Deals i
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
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
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.
- Charges
A charge with Axis Bank Limited amounted to Rs. 175.00 Cr with Charge ID 100985336 was registered on 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.
- Charges
A charge registered on 16 Sep 2021 via Charge ID 100490622 with Others was fully satisfied on 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.
- Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 50.00 Cr with Charge ID 100981788 was registered on 23 Sep 2024.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Asirvad Micro Finance Limited?
Asirvad Micro Finance Limited was incorporated on 29 Aug 2007.
What is authorized share capital and paid-up capital of Asirvad Micro Finance Limited?
The authorized share capital of Asirvad Micro Finance Limited is ₹ 300.00 Cr and paid-up capital is ₹ 200.28 Cr.
Who are the current board members & directors of Asirvad Micro Finance Limited?
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
What is the registered address of Asirvad Micro Finance Limited?
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.
What is the corporate identification number (CIN) and company number of Asirvad Micro Finance Limited?
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).
What is the official website of Asirvad Micro Finance Limited?
The Official website of Asirvad Micro Finance Limited is https://www.asirvadmicrofinance.co.in
What has been the recent revenue trend for Asirvad Micro Finance Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Asirvad Micro Finance Limited has risen by 24.60%.
How many employees does Asirvad Micro Finance Limited currently have?
As Per 2023 financial reports, 16309 employees are currently employed by Asirvad Micro Finance Limited.
What change has been observed in the net worth of Asirvad Micro Finance Limited, and by what percentage?
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%.
What are the total open charges for Asirvad Micro Finance Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Asirvad Micro Finance Limited amount to ₹ 19,038.14 Cr.
When was the last Balance Sheet of Asirvad Micro Finance Limited filed with the ROC?
The most recent Balance Sheet for Asirvad Micro Finance Limited was filed with the ROC on 31 Mar 2023.
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