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Asirvad Micro Finance Limited
Asirvad Micro Finance Limited, an NBFC-MFI, is a majority-owned subsidiary of Manappuram Finance which acquired stake in the company in February 2015 and increased it to 98.3% as on June 30, 2025. Asirvad had 1,776 branches across 454 districts in 26 states and UTs as on Sep 30, 2025.
Sector Focus
Finance
Highest Credit Rating
AA- Stable by CRISIL
Listing (Debt)
BSE
Date of NBFC License by RBI
2013
Business & Products
Micro finance, gold and MSME Loans
Promoter
Manappuram Finance Limited
Key Management Personnel
Dr. Roy Varghese
CEO
Mr. V.P. Nandakumar
Chairman
Bonds issued by Asirvad Micro Finance Limited
Financial Performance
| Particulars | FY26 (₹ in cr) | FY25 (₹ in cr) | FY24 (₹ in cr) |
|---|---|---|---|
| NET WORTH | 2471.74 | 1514.75 | 2149.09 |
| REVENUE | 1508.52 | 2734.38 | 2731.94 |
| PAT | -579.05 | -638.71 | 458.30 |
| CRAR% | 20.20 | 20.93 | 22.79 |
| NNPA% | 1.60 | 2.46 | 1.71 |
| GEARING (times) | 2.96 | 4.41 | 4.21 |
Credit Rating
| Credit Rating Agency | Rating | Rating Outlook | Date |
|---|---|---|---|
| CRISIL LIMITED | AA- | Stable | as on 16th December, 2025 |
Top Lenders to Asirvad Micro Finance Limited
SIDBI
State Bank of India
Bank of Baroda
IDFC FIRST Bank
YES Bank
Strength
Strategic importance to, and expected financial support from the parent
Adequate capital position
Weakness
Modest asset quality
Geographic concentration in the portfolio
Susceptibility to local socio-political issues
Important Links
Source:
Investor Presentation, Information Memorandum & Rating Rationale of Asirvad Microfinance Limited
