MD & CEO, MANAPPURAM FINANCE LTD. Mr. V.P. V - Viable. It is classified as Non-govt company and is registered at Registrar of Companies, Chennai. The company has microfinance specific IT infrastructure. Their modus operandi is to contact innocent victims through phone calls/sms, online advertisements and fake letters, enticing people with low interest rate loans from S.M.I.L.E Microfinance Ltd and in the process extract amounts from them in the name of processing fee/deposit/fee to be transferred online to their bank accounts. In February 2015, Asirvad became a subsidiary of Manappuram Finance Ltd. Mr. V.P. It was incorporated on 29 August, 2007 and is located in , Tamil Nadu. Asirvad Microfinance Limited is an NBFc promoted by an IIT & IIM alumni Shri. R - Resilience. Tamil Nadu. Asirvad Microfinance Limited is an NBFc promoted by an IIT & IIM alumni Shri. April 3, 2019: Manappuram infuses ₹264 cr in Asirvad January 9, 2019 : Asirvad Microfinance securitises MF portfolio December 13, 2018 : Asirvad Microfin AUM touches ₹3,000 crore No 9, Club House Road, Anna Salai, Its … I have received loans about 3 times with Asirvad and had always repaid without being a defaulter. Debt & Equity Fund raising Term loan, NCD, CP, Securitization, Direct Assignment, ECB and 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), 2019 - As on 31 December 2019, Asirvad Micro Finance crosses ₹5,000 crore in AUM, 9th and 10th Floor, This is a Microfinance (NBFC) Company, which is providing small loans to group ladies. Further, the entire loan documentation process of the company is now digitised. Chennai 600002, It has been a fulfilling journey so far The demonetization of high-value currency notes has come as a setback for micro finance institutions (MFIs) by the end of 2016. Micro Finance At present, Asirvad Microfinance caters to three type of loans such as Income Generation Program Loan (IGP), Product Loan and Small and Medium Enterprise Loan (SME). Asirvad accounted for 22% of the overall asset mix of MAFIL on a … According to Bloomberg Businessweek, it offers an income generation program, through “micro enterprise, housing and festival loans.” Asirvad Microfinance Limited Incorporated under the provisions of The Companies Act, 1956.The Company obtained NBFC License from Reserve Bank of India on Dec, 2007. To apply for a loan with ESAF Microfinance, you can contact them at their branches or the head office located in Thrissur.. Corporate Office Address. Two Wheeler Loan; Mini And Micro Commercial Vehicle Loans; Micro Loans. Privacy Policy, Corporate Governance – Internal Guidelines. Chennai 600014, It is classified as a public limited company. The aforesaid details will be applicable to the data/information obtained/collected online and not off-line. Nandakumar. Position: - … At present, Asirvad Micro Finance caters to three type of loans such as Income Generation Program Loan (IGP), Product Loan and Small and Medium Enterprise Loan (SME). The microfinance industry is cash-intensive. In short, Asirvad Microfinance is an organization that aims to provide services to poor women in India. It is classified as Non-govt company and is registered at Registrar of Companies, Chennai. In 1997, he founded Bharat Financial Inclusion Limited or BFIL (formerly SKS Microfinance Limited), which became one of the world’s largest microfinance companies. Details. CreditAccess Grameen Limited was born out of the need for timely and affordable credit to India’s poor and low-income households. 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