Asirvad Micro Finance Profile
Key Indicators
- Authorised Capital ₹ 300.00 Cr
as on 24-10-2024
- Paid Up Capital ₹ 200.28 Cr
as on 24-10-2024
- Company Age 17 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 19,038.14 Cr
as on 24-10-2024
- Satisfied Charges ₹ 11,722.08 Cr
as on 24-10-2024
- Revenue 24.60%
(FY 2023)
- Profit 1329.73%
(FY 2023)
- Ebitda 55.27%
(FY 2023)
- Net Worth 43.77%
(FY 2023)
- Total Assets 49.41%
(FY 2023)
About Asirvad Micro Finance
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.
- 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
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
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 and Corporate Structure Insights 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
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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)
Manappuram Construction And Consultants LimitedActive 14 years 2 monthsVazhappully Nandakumar is a mutual person
Aham Housing Finance Private LimitedActive 7 years 28 daysDesh Dogra and Raja Sattanathapuram are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 03 Oct 2024 | ₹300.00 Cr | Open |
Axis Bank Limited Creation Date: 28 Sep 2024 | ₹175.00 Cr | Open |
Idbi Bank Limited Creation Date: 27 Sep 2024 | ₹150.00 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.
