ஆசிர்வாத் மைக்ரோபைனான்ஸ் லிமிடெட்          Asirvad Micro Finance Limited          आशीर्वाद माइक्रोफिनॅन्स लिमिटेड         ആശിർവാദ് മൈക്രോഫിനാൻസ് ലിമിറ്റഡ്          ಅಸೀರ್ವಾಡ್ ಮಿಕ್ರೊಫಿನನ್ಸೆ ಲಿಮಿಟೆಡ್          ਅਸਿਰਵਾਦ ਮਿਕਰੋਫਈਨਂਸੇ ਲਿਮਿਟੇਡ          ଆଶୀର୍ବାଦ ମଇକ୍ରୋଫାଇନାନ୍ସ ଲିଃ          আশির্বাদ মাইক্রো ফাইনান্স লিমিটেড

Message from MD

MD Message: Mr. B. N. Raveendra Babu

It gives me immense pleasure to connect with you as the Managing Director of your Company. At the outset, I would like to thank each of you for the tireless efforts that you have made so far and look forward to the same zeal in the days ahead.

Financial inclusion is a key driver of sustained and balanced growth of the economy which helps to reduce income disparity and alleviates poverty. The Reserve Bank of India, by acknowledging the importance of financial inclusion and the vital role of the financial system in promoting the same, has done tremendous work in this area over the years to fulfil the needs and aspirations of our people. Adhering to the principle of “welfare of all through the upliftment of the weak,” we are extending financial assistance to deprived women from different segments of society who are engaged in a quest to improve their standard of living. By crossing the boundaries of the states with a Pan-India presence, Asirvad is reaching out to almost all parts of the country and extending support to women entrepreneurs by rendering financial assistance in a safe and transparent manner. Today, we have managed to become the highest credit-rated company in the MFI sector and it is your support and encouragement that has helped us achieve this milestone.

Performance of the Company

Currently, your Company has a presence in 22 States &  UTs and it is also ranked as the 4th largest MFI in India. The Company’s AUM stands at Rs. 5,984.62 Crores and it represents a significant accomplishment. I have no doubt that it is the industrious Asirvad team that has made this milestone feasible. The single-point objective of the Company is to make a valuable contribution towards the lives of our customers, and we made it a point to stand strong with them even during these tough pandemic days by introducing new loan products. We are happy to have launched gold loans in branches across the states of Assam, Bihar, Odisha and West Bengal. At Asirvad, we are determined to serve our customers keeping their best interests in mind.

Relentless focus on technology upgradation

Technology has not only helped the growth of business, but it has also simplified our way of life. The new-age financing is all about optimum utilization of technology. As a Company we believe in the power of technology and over the years we have adopted various innovations such as Loan Management System (LMS) and usage of DigiPay and other digital platforms for payment, with many more initiatives in the pipeline. Automation has enriched the lives of both our employees and customers without compromising on the quality of work we do.

Employee well-being

At Asirvad, we are constantly looking for ways to improve the knowledge and skills of our employees and, based on this consideration, we have introduced the Learning Management System to create awareness, knowledge, and vigilance. Also, to further improve the morale and confidence of our women employees, we launched a “Women’s Club” in March 2021 on the occasion of International Women’s Day. The club provides them with a platform within the organization where they can showcase their skills and talent for a healthy work environment.

Thank you

I take the opportunity to express my sincere gratitude to all the stakeholders for their continuous support. We have achieved so much without any compromise on the directives of the Reserve Bank of India for maintaining stability in a potentially volatile environment. The commitment and the co-operation of our team have been the prominent factors contributing towards the culture of perpetual excellence. I have no doubt that everyone from the bottom to the top of the pyramid will strive to take Asirvad to the next level and make our company the epitome of success and ethical conduct.