India is also capitalizing on its large number of English educated people, and is becoming a major exporter of software jobs and services. How SME retailers can revive and thrive in the post lockdown world. Login for email address. Provided here are the financial indicators for financial year ending on 31 March, 2019. It was formed in year 1994 in Maharashtra . Prior to takeover, this was a microfinance company struggling against odds to grow. Other directorships - PACHIRA FINANCIAL SERVICES LLP,  BONANZA BUSINESS SERVICES PRIVATE LIMITED,  MANAPPURAM FINANCE TAMIL NADU LIMITED,  MANAPPURAM HOME FINANCE LIMITED. Services are a major source of economic growth, accounting for more than half of India’s output with less than one third being the labor force. The operating expense is high in view of the weekly meetings as well as the services being made available to the borrowers at their doorstep. Micro Finance is effectively moving towards a banking type of sector through gradual evolution. The company currently has a paid up capital of INR 53.88 cr. Started forming groups from Dec 15, 2007 and first lending operations with effect from 21st Jan, 2008. The Corporate Identification Number (CIN) of Asirvad Micro Finance Limited is U65923TN2007PLC064550. Incorporated under The Companies Act,1956 on 29th Aug, 2007. In February 2015 Manappuram Finance Ltd took over the Company with the stake of 85%. No: 9, 9th & 10th Floor, Club House Road, Anna Salai, Chennai – 600002. Asirvad Micro Finance Limited has 11 directors - Abhijit Sen, Subrata Kumar Atindra Mitra, and others. In the long run, the huge growing population is fundamentally a social, economic and environmental problem. We have been one of the pioneers of this socially and financially inclusive movement in rural India, facilitating access to low-cost capital. It was formed in year 2017 in Maharashtra . The organization was officially established on January 23, 2006 and is a micro-finance operations program based in India, with its head office in Kolkata, located in the state of West Bengal. Whether Covid-19 has pushed us into future and what businesses can do about it? Other directorships - VILLAGE FINANCIAL SERVICES PVT. The registered office of Asirvad Micro Finance Limited is at DESHBANDHU PLAZA, FIRST FLOOR 47, WHITES ROAD CHENNAI , Tamil Nadu. It was formed in year 2011 in Gujarat . Read More. Get Direction. Chennai 600002, COMPANY Asirvad Micro Finance Limited 2. Microfinance … CIN U65923TN2007PLC064550, 1st Floor, Deshabandu Plaza, The company currently has a paid up capital of INR 52.00 cr. While no simplified formula exists, for the reduction of the number of grievances, the following are the … The most recently appointed directors are Abhijit Sen and Subrata Kumar Atindra Mitra, who were appointed on 17 March, 2020. To cope with the growing needs the industry is expanding fast and as a result competent human resources is increasingly becoming an issue. This has resulted in many of the Micro Finance Institutions finding it difficult to raise resources. CORPORATE OFFICE 9th & 10th Floor, 9, Club House Rd, … 1800-270-1146. HEAD OFFICE. Obtained NBFC License from Reserve Bank of India on 14th Dec, 2007. Started forming groups from Dec 15, 2007 and first lending operations with effect from 21st Jan, 2008. Trademarks, if any, listed on this page belong to their respective owners. Tel:044-43510081, All Rights reserved By Asirvad. Tamil Nadu. The Reserve Bank of India (RBI) estimates that the overall demand for Micro Finance is around Rs.200, 000 Crores, out of which only 10% is being currently met by existing MFIs and banks through the SHG Bank linkage programmer. Click here to let us know. Formal Financial Sector increases support to Micro Finance. It helps you find out other directorships of an Indian director and where else he has business interests. Description: The company provides microfinance services and loans, Products & Services: income generation program, product, and small and medium enterprise loans At present the stake is 93.33%. Email us at support@tofler.in, TWS Systems Private Limited (Tofler)201/25 Heritage City, M.G. Commercial banks both nationalised and private sectors are now increasingly lending to MFIs and apart from giving term loans, these banks are resorting to securitisation, loan syndication and guarantee. The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points. In addition, institutions such as SIDBI and FWWB have continued their lending despite the crisis. Here is the video showing how a report downloaded from Company360 looks like. Here is the video showing how you can study the financials of an Indian company on the Company360 platform. It was formed in year 1991 in Maharashtra . Asirvad Micro Finance Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2019. It is therefore a challenge for MFI practitioners to explore how they can reduce the operation cost and increase productivity and efficiency, 9th and 10th Floor, The Corporate Identification Number (CIN) of Asirvad Micro Finance Limited is U65923TN2007PLC064550. NETAFIM AGRICULTURAL FINANCING AGENCY PRIVATE LIMITED, IL&FS ENGINEERING AND CONSTRUCTION COMPANY LIMITED, MANAPPURAM COMPTECH AND CONSULTANTS LIMITED, MANAPPURAM CHITS (ANDHRA) PRIVATE LIMITED, LIONS CO-ORDINATION COMMITTEE OF INDIA ASSOCIATION, ADLUX MEDICITY AND CONVENTION CENTRE PRIVATE LIMITED, MANAPPURAM CONSTRUCTION AND CONSULTANTS LIMITED, MANAPPURAM CHITS (KARNATAKA) PRIVATE LIMITED, MANAPPURAM CHIT FUNDS COMPANY PRIVATE LIMITED, KERALA HIGH SPEED RAIL CORPORATION LIMITED, BONANZA BUSINESS SERVICES PRIVATE LIMITED, ABIRAMI CONSULTANTS AND SECURITIES PRIVATE LIMITED, PROFICIENT INVESTMENT AND FINANCIAL CONSULTANCY PRIVATE LIMITED, FIVE-STAR HOUSING FINANCE PRIVATE LIMITED, SHIKSHA FINANCIAL SERVICES INDIA PRIVATE LIMITED, DEUTSCHE INVESTMENTS INDIA PRIVATE LIMITED, IBM GLOBAL FINANCING INDIA PRIVATE LIMITED, N.C.L.Research And Financial Services Ltd, Jindal Poly Investment And Finance Company Limited, Rrb Securities Limited Tfr. The company currently has a paid up capital of INR 53.75 cr. India achieved 8.5% GDP growth in 2006, 9.0% in 2007 and 7.3% in 2008, thereby significantly expanding the manufacturing processes. It's authorized share capital is INR 100.00 cr and the total paid-up capital is INR 53.31 cr. Office : 1st Floor, Deshabandhu Plaza 47, Whites Road, Chennai - 600 014 Web : www.asirvadmicrofinance.co.in E-mail : info@asirvad.org CIN U65923TN2007PLC064550 A Company report by Tofler is an easy-to-read PDF report that includes company's financial information, ratio analysis, management, group structure, shareholding pattern and more. India’s labor force-Agriculture (60%), Industry (12%) and services (28%) clearly indicate that even today agriculture is a major employment generator. T- 7C, 5th Floor, A wing, Phoenix House, Senapati Bapat Marg, Lower Parel (W), Mumbai 400 013. In any event, they must be dealt with in a systematic manner. Micro Finance in India is playing an important role in poverty alleviation and is widely credited for its success both nationally and internationally. Search for: Login. We place high importance in creating a discrimination-free … For business and industry related insights, twice in a month. Search. However, tariff spikes in sensitive categories, like agriculture and incremental progress on economic reforms still hinder foreign access to India’s vast and growing market. Such reports can be bought from company pages at Tofler (Sample) or can be downloaded from Company360. LTD.,  SAMASTA MICROFINANCE LIMITED,  SOUTH INDIA FINVEST PRIVATE LIMITED,  MAGALIR MICRO CAPITAL PRIVATE LIMITED,  UNNATI MICROFIN PRIVATE LIMITED,  FIVE-STAR HOUSING FINANCE PRIVATE LIMITED,  HINDUSTHAN MICROFINANCE PRIVATE LIMITED,  MANGAL CREDIT AND FINCORP LIMITED,  SVASTI MICROFINANCE PRIVATE LIMITED,  FIVE-STAR BUSINESS FINANCE LIMITED. (044) 42124493 www.asirvadmicrofinance.co.in. The company currently has a paid up capital of INR 54.66 cr. Other directorships - QSK ADVISORY LLP,  MANGAL KESHAV SECURITIES LIMITED,  CHEMINOVA INDIA LIMITED,  CENTRUM BROKING LIMITED (CN),  ONWARD TECHNOLOGIES LIMITED,  INDITRADE FINCORP LIMITED,  IL&FS TRANSPORTATION NETWORKS LIMITED,  CENTRUM FINANCIAL SERVICES LIMITED,  CENTRUM CAPITAL LIMITED,  IL&FS ENGINEERING AND CONSTRUCTION COMPANY LIMITED. Asirvad Microfinance Limited. Asirvad Micro Finance Limited's Corporate Identification Number is (CIN) U65923TN2007PLC064550 and its registration number is 64550.Its Email address is anup.gupta@asirvad.in and its registered address is DESHBANDHU PLAZA, FIRST FLOOR 47, WHITES ROAD CHENNAI TN 600014 IN , - , . Grievance may have some basis in fact, may be a distortion of facts or be a figment of someone's imagination. It was formed in year 1997 in Telangana . Other performance and liquidity ratios are available here. Tel:044-42124493 Need any help? Website not known. Branch Locator. The ballooning subsidies amidst slowing growth brought the return of a large fiscal deficit in 2008. Chennai 600014, The need for this group is indeed costly as they are scattered and tend to use only tiny loans. We request the Customers to pay their dues on time so as to avoid any additional interest. Vazhappully Padmanabhan Nandakumar has the largest number of other directorships with a seat at a total of 21 companies. It was formed in year 1989 in Maharashtra . It was formed in year 1995 in Gujarat . Registered Office. Manappuram Finance Limited provides online gold loan, gold loan, forex & money transfer, SMS finance and commercial vehicle loan. It is one of the famous names, providing financial services in India. The current status of Asirvad Micro Finance Limited is - Active. © TWS Systems Private Limited. In Tamil Nadu alone, the Micro Finance market is expected to be around 8 to 10 million borrowers translating into a demand of Rs.8, 000 to 10,000 Crores. AMPL has been following the Grameen Bank methodology envisaging group guarantee for repayment of loans. The feature is available for unlimited use in Company360 platform. In total, the company is connected to 81 other companies through its directors. 12 th Annual Report 2018-19 4 1. REGISTERED OFFICE 1st Floor, Desabandhu Plaza, 47, Whites Road, Royapettah, Chennai – 600 014, +91- (44) 4351 0081 4. CORPORATE IDENTIFICATION NuMbER : U65923TN2007PLC064550 3. Ltd. with an AUM a little short of Rs.300 crore was acquired by Manappuram Finance Ltd. Today, one year after the takeover, Asirvad’s AUM has more than tripled to over Rs.1, 000 crore. Assistant Manager-HR in Asirvad Microfinance Limited (Subsidiary of Manappuram Finance Ltd.) for Entire West Bengal September 2016 to Till Date. CORPORATE OFFICE. Tofler Company360 provides access to any Indian company's financial documents, charts, ratio analysis and more. The company currently has a paid up capital of INR 53.13 cr. Here is the video showing how you can explore company networks to discover hidden relationships between companies. OFFICE Manappuram Finance Limited, IV / 470 (old) W638A (New), Manappuram House, Valapad,Thrissur Kerala, India, Pin code : 680567 CIN:L65910KL1992PLC006623 1800-420-22-33 (toll free) [email protected] December 31, 2019: Asirvad Micro Finance crosses Rs.5,000 crore in AUM August 28, 2019 : Asirvad achieves Rs 1,000-cr AUM in Tamil Nadu April 3, 2019 : Manappuram infuses ₹264 cr in Asirvad The Reserve Bank of India has issued various vide its circular dated September 28,2006,May 24,2007,October 10,2007,January 2,2009,April 24,2009,March 26,2012,and February 18,2013 issued guidelines … It's EBITDA has increased by 182.34 % over the previous year. The company currently has a paid up capital of INR 53.33 cr. Presently, our operations are spread across 20 states and 2 union territories, We serve over 2 million active customers through our 1000 branches and 5000 plus employees. | 31 December 2019 - Asirvad Micro Finance crosses ₹5,000 crore in AUM | 31 December 2019 - West Bengal has crossed 600 crores portfolio with customer base of 2.62 lakhs | 15 October 2019 - Our Corporate Office has been relocated. An easy-to-read PDF report on the company that includes five year financial information, ratio analysis, management, group structure, shareholding pattern and more. Activity State trying to regulate microfinance will only derail the financial inclusion agenda. The company was founded in 1949, has main office as head office and corporate office in Valapad, Thrissur, Kerala, India. December 31, 2019: Asirvad Microfinance crosses Rs.5,000 crore in AUM; August 28, 2019: Asirvad achieves Rs 1,000-cr AUM in Tamil Nadu; 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 The new address is 9th and 10th Floor, No: 9 Club House Road, Anna Salai, Chennai 600002, Tamil Nadu. RAJA VAIDYANATHAN VENKATARAMAN SATTANATHAPURAM. After making payment please inform the details of the amount deposited and bank account number to our Customer care @ 1800 270 1146. Madura is a leading NBFC-MFI providing unsecured microfinance loans to women self-help groups in rural and semi-urban areas. The company has 11 directors and 2 reported key management personnel. Discrimination and harassment of any type/form are strictly prohibited. REGISTERED OFFICE : 1st Floor, Desabandhu Plaza, 47, Whites Road, Royapettah Chennai – 600 014 +91- (44) 43510081 4. Disclaimer Policy Other directorships - AHAM HOUSING FINANCE PRIVATE LIMITED,  M POWER MICRO FINANCE PRIVATE LIMITED,  AMPL CLEANTECH PRIVATE LIMITED,  WELSPUN TRADINGS LIMITED,  S CHAND AND COMPANY LIMITED,  WELSPUN CORP LIMITED,  AXISCADES TECHNOLOGIES LIMITED. These financials can also be downloaded in excel format. Since higher CAR norms are being stipulated by RBI, MFIs need to bring in capital to meet this growing demand of the clients. The Company obtained NBFC License from Reserve Bank of India on Dec, 2007. No 9, Club House Road, Anna Salai, All financials and shareholder returns filed with MCA since year 2006 upto 31 March, 2020 along with latest MoA and AoA. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Asirvad Microfinance aims to provide resolution to their customers in a fair and timely manner. All trademarks, service marks, trade names and logos appearing on the site are the property of their respective owners. Chennai Tamil Nadu , 600017. 9th and 10th Floor, No 9, Club House Road, Anna Salai, Chennai 600002, Tamil Nadu. In February 2015, Asirvad Microfinance Pvt. COMPANY : Asirvad Micro Finance Limited 2. It's authorized share capital is INR 100.00 cr and the total paid-up capital is INR 53.31 cr. Tel:044-42124493. Experienced senior executives head key functions at Asirvad including operations, finance, internal audit, payments, IT, risk management and human resources. In February 2015 Manappuram Finance Ltd took over the Company with the stake of 85%. Rising tax revenues and economic expansion helped the government make progress in reducing its fiscal deficit for three straight years before skyrocketing global commodity prices more than doubled the cost of government energy and fertilizer subsidies. It lets you compare financials of several companies and study performance trends. A micro-finance organization is one that offers financial services to low income populations, like those present in several parts of urban and rural India. Also, as per our records, its last balance sheet was prepared for the period ending on 31 March, 2020. (Chennai Head Office) Responsibilities: Reporting to AVP-HR. DESHBANDHU PLAZA, FIRST FLOOR 47, WHITES ROAD CHENNAI Tamil Nadu - 600014India. Tamil Nadu. December 31, 2019: Asirvad Microfinance crosses Rs.5,000 crore in AUM August 28, 2019 : Asirvad achieves Rs 1,000-cr AUM in Tamil Nadu April 3, 2019 : Manappuram infuses ₹264 cr in Asirvad At present the stake is 94.78%. Incorporated under The Companies Act,1956 on 29th Aug, 2007. 47, Whites Road 1st Floor, Deshabandu Plaza, Royapettah, Chennai-600 014, Tamil Nadu. All Rights Reserved. CORPORATE IDENTIFICATION U65923TN2007PLC064550 NUMBER 3. Designing of the right products for clients is still a great challenge. Corporate Information 07 13TH ANNUAL REPORT 2019-20 1. The company currently has a paid up capital of INR 52.50 cr. Category: Service Provider. Other directorships - ABIRAMI CONSULTANTS AND SECURITIES PRIVATE LIMITED,  PROFICIENT INVESTMENT AND FINANCIAL CONSULTANCY PRIVATE LIMITED,  FARVISION SECURITIES P LTD,  GREEN QUOTIENT SYSTEMS PRIVATE LIMITED,  ACSYS INVESTMENTS PRIVATE LIMITED,  MEDIA WORKS PRIVATE LIMITED. CIN U65923TN2007PLC064550. The government has relaxed controls on foreign trade and investment. Home. It was formed in year 2016 in Karnataka . This is to prevent spam. Road, Gurgaon - 122002 (CIN: U72502DL2013PTC261372). Corporate Office: Unit No. Other directorships - MANAPPURAM FINANCE TAMIL NADU LIMITED,  MANAPPURAM COMPTECH AND CONSULTANTS LIMITED,  MANAPPURAM FINANCE LIMITED,  MANAPPURAM INSURANCE BROKERS LIMITED. Privacy Policy, Corporate Governance – Internal Guidelines. India’s diverse economy encompasses traditional village farming, modern agriculture, handcrafts, a wide range of modern industries, and a multitude of services. All the passbooks are provided with the telephone number of branch managers in order to contact them for any query and complaints. Address - 1st Floor 2/11 Habbibullah Road T.Nagar. My name is sreerama kn working as a senior manager risk at asirvad microfinance Ltd corporate office chennai total i have 12 years of experience. The company currently has a paid up capital of INR 53.27 cr. Phone : 044-42124493 The company currently has a paid up capital of INR 52.50 cr. Current status of Asirvad Micro Finance … About your vendors, clients and competitors. It was formed in year 2018 in Maharashtra . OFFICE Manappuram Finance Limited, IV / 470 (old) W638A (New), Manappuram House, Valapad,Thrissur Kerala, India, Pin code : 680567 CIN:L65910KL1992PLC006623 1800-420-22-33 (toll free) [email protected] No spam. X. X. Asirvad Microfinance Limited | 290 followers on LinkedIn. Actual numbers and more financial data. CORPORATE OFFICE. These groups consist of members who are very close and who have a very good understanding between them. Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. For ASIRVAD MICROFINANCE LIMITED Simi S.S Company Secretary Regd. Thus there is a significant shift towards urban Micro Finance. Clients are aspiring for large credits for doing scaled up economic activity. 1800 266 8703 , customercare@inditrade.com and investorgrievance@inditrade.com Other directorships - SOUTHERN VENEERS AND WOODWORKS LIMITED,  KOHINOOR SAW MILLS CO LTD,  WESTERN INDIA PLYWOODS LIMITED,  MAYABANDAR DOORS LIMITED,  SHIKSHA FINANCIAL SERVICES INDIA PRIVATE LIMITED, Supporting and auxiliary transport activities, activities of travel agencies, Manufacturing (Metals & Chemicals and their products), Manufacturing (Chemicals and chemical products), Activities auxiliary to financial intermediation, Manufacturing (Food products and beverages), Manufacturing (Paper & Paper Products; Publishing, printing and reproduction of recorded media), Recreational, cultural and sporting activities. Reach Us at Toll Free No. No: 9, 9th & 10th Floor, Club House Road, Anna Salai, Chennai – 600002. Raja Vaidyanathan Venkataraman Sattanathapuram has been on the board for more than 13 years. Our country has a population of 116.60 Crores and a population growth rate of 1.548%.About 71% live in rural areas, while 29% live in urban areas. It was formed in year 2005 in Maharashtra . Customers can also call the toll-free number 1800 270 1164 for registering any complaint or grievances. The company currently has a paid up capital of INR 52.88 cr. The longest serving director currently on board is Raja Vaidyanathan Venkataraman Sattanathapuram who was appointed on 29 August, 2007. Strong growth combined with easy consumer credit, a real estate boom and fast-rising commodity prices fueled inflation concerns from mid-2006 to August 2008. 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 Limited is - Active trade and investment 47, WHITES Road Chennai Nadu. 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