Asirvad Microfinance Limited is an NBFc promoted by an IIT & IIM alumni Shri. S.V. Raja Vaidyanathan and his family members in the year 2007. In February 2015, Asirvad became a subsidiary of Manappuram Finance Ltd. It provides microfinance loans to women from poor and low-income household through its network of branches across 22 States in India.
To organize groups of committed poor women and provide innovative financial services in a sustainable manner with a view to Alleviate poverty through viable income generation activities
To empower the members at the bottom of the pyramid by providing financial assistance
A - Acceptance. S - Support. I - Integrity. R - Resilience. V - Viable. A- Adaptable. D- Dependable.
Toll free - 1800-270-1146
2007 - Obtained NFBC license from the Reserve Bank of India in December and started its operations in Tamil Nadu with eight employees.
2011 - In March, the portfolio reached ₹100 cr + with 2.20 lakh active members and a branch networks of 85 in Tamil Nadu alone.
2015 - Acquisition by Manappuram Finance Limited with 80% stake.
2016 - In March, the portfolio touched ₹1000 cr AUM (Asset Under Management)
2018 - CARE (Credit Analysis & Research) rated MFI 1, the highest rating in the industry
2018 - In May, Asirvad joined an elite club of large MFIs with total AUM of ₹2400 + cr
2019 - Asirvad crosses 4000 cr AUM on 29 May 2019
2019 - Karnataka state portfolio reaches 400 Crs in 4 years’ span with customer base of 1.78 lakh
2019 - In August 2019, Tamil Nadu state portfolio reached 1000 Crs AUM (Asset Under Management)