(CIN: U65923TN2007PLC064550) is a
Public company incorporated on 29 Dec 2007. It is classified as Non-government
company and is registered at Registrar of Companies, Chennai. Its authorized
share capital is Rs. 3000000000.00 and its paid-up capital is Rs. 2002833720.00.
The Company was initially
engaged in providing microcredit to women entrepreneurs and self-help groups
since incorporation in 2007. Later, it expanded its operations to offer various
financial services to underserved segments across multiple states in India. The
Company is now engaged in microfinance activities primarily under the Joint
Liability Group (JLG) lending model. In 2015, a major milestone came when
Asirvad became a subsidiary of Manappuram Finance Limited, a leading NBFC known
for gold loans. Asirvad Micro Finance Limited was incorporated as a Private
Limited Company under the Companies Act, 1956. Later, by means of a resolution
passed by the Shareholders on August 24, 2016 and it was converted into a
Public Limited Company and its name was changed to Asirvad Micro Finance
Limited.
|
Asirvad Micro Finance Limited Outstanding Shares: |
20,02,83,372 |
|
Face Value of Asirvad Micro Finance Limited Share |
Rs. 10 per equity share |
|
ISIN of Asirvad
Micro Finance Limited
Share |
INE516Q01013 |
|
Lot Size of Asirvad Micro Finance Limited Share |
1000 |
|
Asirvad Micro Finance Limited Share Price |
273.36 |
|
PAN Number of Asirvad Micro Finance Limited |
AAGCA5275J |
|
GST Number of Asirvad Micro Finance Limited |
33AAGCA5275J2ZK |
|
Asirvad Micro Finance Limited CIN Number |
U65923TN2007PLC064550 |
|
Asirvad Micro Finance Limited Registration Date |
29-Aug-2007 |
|
Category / Sub-Category of Asirvad Micro
Finance Limited |
Limited by shares/
Non-government company |
|
Asirvad Micro Finance Limited Registered Office
Address |
9th Floor, No.9, Club
House Road Anna Salai, Chennai, Chennai, Tamil Nadu, India, 600002 |
|
Asirvad Micro Finance Limited Registrar &
Transfer Agent Address |
MUFG INTIME INDIA
PRIVATE LIMITED Surya 35,
Mayflower Avenue, Behind Senthil Nagar, Sowripalayam Road, Coimbatore –
641028, Tamil Nadu, India |
|
Directors |
Post |
|
V.P. Nandakumar |
Chairman |
|
Thotanchath Balakrishnan |
Independent
Director |
|
Pushya Sitaraman |
Independent
Director |
|
Harshan Kollara Sankarakutty |
Independent
Director |
|
Subrata Kumar Atindra Mitra |
Independent
Director |
|
Desh Raj Dogra |
Independent
Director |
|
Gautam Rathindranath Saigal |
Director |
|
Abhijit Sen |
Independent
Director |
|
Raja Vaidyanathan Venkataraman
Sattanathapuram |
Director |
|
Anita Belani |
Independent
Director |
|
Name and Description of main
products/services |
NIC Code of the
product/service* |
% to the total
turnover of the Company |
|
Other Credit Granting |
6592 |
100 |
Category | No. of Shares | % of Shares held |
Promoters | 19,62,63,828 | 97.99% |
Public Shareholding | 40,19,544 | 2.01% |
Total | 20,02,83,372 | 100.00% |
FAQ's on Asirvad Micro Finance
Q. What
is the face value of Asirvad Micro Finance Ltd shares?
Answer: The face value of Asirvad Micro Finance Ltd shares is ₹10 per
equity share.
Q. What
is the ISIN of Asirvad Micro Finance Ltd shares?
Answer: The ISIN of Asirvad Micro Finance Ltd is INE516Q01013.
Q. What
is the minimum lot size for buying Asirvad Micro Finance shares through WWIPL?
Answer: The minimum lot size is 1,000 shares, subject to market
availability. .
Q. Why
should I buy Asirvad Micro Finance shares through WWIPL?
Answer: WWIPL offers transparent pricing, verified transfers, secure
settlements, and dedicated support throughout the investment journey.
Q. What
does Asirvad Micro Finance Ltd do?
Answer: Asirvad Micro Finance is an NBFC-MFI that primarily provides
microfinance loans under the Joint Liability Group (JLG) model to
underserved borrowers, especially women entrepreneurs.
Q. Is
Asirvad Micro Finance a subsidiary of Manappuram Finance?
Answer: Yes. Asirvad Micro Finance became a subsidiary of Manappuram
Finance Ltd in 2015.
Q. What
makes Asirvad Micro Finance different from other NBFCs?
Answer: The company focuses specifically on financial inclusion by
serving low-income and underserved customer segments across multiple states in
India.
Q. Is
investing in Asirvad Micro Finance a good idea?
Answer: Investors often evaluate Asirvad based on its financial
inclusion theme, strong parentage, branch network, and long-term microfinance
growth opportunity.
Q. What
are the key growth drivers for Asirvad Micro Finance?
Answer: Rising financial inclusion, increasing credit penetration, rural
consumption growth, and expansion into underserved geographies can support
future growth.
Q. What
factors influence the valuation of Asirvad Micro Finance shares?
Answer: AUM growth, asset quality, collection efficiency, profitability,
credit costs, and regulatory developments are key valuation drivers.
Q. Has
Asirvad Micro Finance filed for an IPO?
Answer: Yes. As per WWIPL, DRHP status is marked as 'Yes'.
Investors should track official regulatory updates for timelines.
Q. Why do
HNIs track Asirvad Micro Finance shares closely?
Answer: Many investors view Asirvad as a play on India's financial
inclusion and rural lending growth story.
Q. What
are the risks of investing in Asirvad Micro Finance shares?
Answer: Investors should consider asset quality risks, regulatory
changes, collection risks, economic slowdowns, and liquidity constraints
associated with unlisted shares.
Q. What
should investors evaluate before investing in Asirvad Micro Finance Ltd?
Answer: Investors should assess AUM growth, GNPA trends, profitability,
capital adequacy, collection efficiency, and long-term microfinance sector
prospects.
