Asirvad Microfinance Acquired
Chennai-based microfinance institution founded in 2007 by S.V. Raja Vaidyanathan, offering microfinance loans to women from low-income households across India. Became a majority-owned subsidiary of Manappuram Finance following a stake acquisition in February 2015.
Asirvad Microfinance: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 24 May 2021 | Debt | $15 Mn | WorldBusiness Capital | source |
| Mar 2021 ~ | Debt | $6.8 Mn | British International Investment | source |
| 24 Sep 2020 | Debt | EUR 25 Mn (~$29.1 Mn) | Invest In Visions Mikrofinanzfonds | source |
| 10 Sep 2009 | Series A | $1.5 Mn | Lok Capital | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 16 Feb 2015 | Manappuram Finance | Asirvad Microfinance | ₹48.63 Cr | source |
Recent Signals
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20 Mar 2025 · funding
Asirvad Micro Finance to withdraw its ₹1,500 Cr IPO DRHP amid Manappuram-Bain Capital deal source -
20 Feb 2025 · regulatory
RBI imposes ₹6.20 lakh monetary penalty on Asirvad Micro Finance source -
8 Jan 2025 · regulatory
RBI lifts loan-sanction restriction on Asirvad Micro Finance source -
17 Oct 2024 · regulatory
RBI directs Asirvad Micro Finance to cease and desist from loan sanction and disbursal source
News on Asirvad Microfinance
No coverage of Asirvad Microfinance linked yet.
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Who founded Asirvad Microfinance?
Asirvad Microfinance was founded by S.V. Raja Vaidyanathan in 2007.
How much funding has Asirvad Microfinance raised?
Asirvad Microfinance has raised $52.41 Mn across 4 tracked funding round(s), most recently on 2021-05-24. Figures are compiled from cited public sources.
Who are the investors in Asirvad Microfinance?
Investors in Asirvad Microfinance include WorldBusiness Capital, British International Investment, Invest In Visions Mikrofinanzfonds.
What does Asirvad Microfinance do?
Chennai-based microfinance institution founded in 2007 by S.V. Raja Vaidyanathan, offering microfinance loans to women from low-income households across India. Became a majority-owned subsidiary of Manappuram Finance following a stake acquisition in February 2015.
Where is Asirvad Microfinance headquartered?
Asirvad Microfinance is headquartered in Chennai, Tamil Nadu, India.
What is Asirvad Microfinance's business model?
Asirvad Microfinance's core value proposition centers on Income-generating group loans, "Income Generating Product" loans.
How does Asirvad Microfinance make money?
Asirvad Microfinance's cited revenue streams include Microfinance, gold-loan and MSME-loan interest income.