It was formed in year 2017 in Maharashtra . All financials and shareholder returns filed with MCA since year 2006 upto 31 March, 2020 along with latest MoA and AoA. After making payment please inform the details of the amount deposited and bank account number to our Customer care @ 1800 270 1146. Thus there is a significant shift towards urban Micro Finance. Reporting to AVP-HR. Corporate Information 07 13TH ANNUAL REPORT 2019-20 1. Raja Vaidyanathan Venkataraman Sattanathapuram has been on the board for more than 13 years. 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 … Started forming groups from Dec 15, 2007 and first lending operations with effect from 21st Jan, 2008. | 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. Home. Clients are aspiring for large credits for doing scaled up economic activity. RAJA VAIDYANATHAN VENKATARAMAN SATTANATHAPURAM. Higher limits on foreign direct investment were permitted in a few key sectors, such as telecommunications. It was incorporated on 29 August, 2007 and is located in , Tamil Nadu. Branch Locator. Chennai Tamil Nadu , 600017. Need any help? Prompt handlings of employee's grievance are essential for maintaining a contented employee group. It's authorized share capital is INR 100.00 cr and the total paid-up capital is INR 53.31 cr. Asirvad has nine directors on its board with four representatives from MAFIL, including Mr. V. P. Nandakumar (MAFIL’s MD and CEO), who is the Chairman. The company currently has a paid up capital of INR 53.75 cr. Category: Service Provider. It was formed in year 2018 in Maharashtra . The company currently has a paid up capital of INR 52.88 cr. The need for this group is indeed costly as they are scattered and tend to use only tiny loans. Click here to let us know. Formal Financial Sector increases support to Micro Finance. Obtained NBFC License from Reserve Bank of India on 14th Dec, 2007. Tel:044-43510081, All Rights reserved By Asirvad. CIN U65923TN2007PLC064550. 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 Also, as per our records, its last balance sheet was prepared for the period ending on 31 March, 2020. Road, Gurgaon - 122002 (CIN: U72502DL2013PTC261372). REGISTERED OFFICE 1st Floor, Desabandhu Plaza, 47, Whites Road, Royapettah, Chennai – 600 014, +91- (44) 4351 0081 4. Prior to takeover, this was a microfinance company struggling against odds to grow. 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] Website not known. The company currently has a paid up capital of INR 54.66 cr. The company currently has a paid up capital of INR 53.33 cr. It lets you compare financials of several companies and study performance trends. Office : 1st Floor, Deshabandhu Plaza 47, Whites Road, Chennai - 600 014 Web : www.asirvadmicrofinance.co.in E-mail : info@asirvad.org CIN U65923TN2007PLC064550 These groups consist of members who are very close and who have a very good understanding between them. With 25% of the population still living below the poverty line and an unemployment rate of 6.8%, life in urban locations throughout the country is going to be more difficult. We have been one of the pioneers of this socially and financially inclusive movement in rural India, facilitating access to low-cost capital. 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. 1800-270-1146. The company currently has a paid up capital of INR 53.13 cr. The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percentage points. Registered Office. NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT. In February 2015, Asirvad Microfinance Pvt. 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. The company was founded in 1949, has main office as head office and corporate office in Valapad, Thrissur, Kerala, India. Asirvad Microfinance aims to provide resolution to their customers in a fair and timely manner. Activity State trying to regulate microfinance will only derail the financial inclusion agenda. India’s labor force-Agriculture (60%), Industry (12%) and services (28%) clearly indicate that even today agriculture is a major employment generator. At present the stake is 94.78%. At present the stake is 93.33%. The Company obtained NBFC License from Reserve Bank of India on Dec, 2007. Incorporated under The Companies Act,1956 on 29th Aug, 2007. 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. 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] Asirvad Microfinance Limited is a Non-Banking Finance Company with license issued by the Reserve Bank of India. AMPL has been following the Grameen Bank methodology envisaging group guarantee for repayment of loans. The liquidity constraints started showing and a result banks were reluctant to lend to any sector and more particularly to Micro Finance sectors. Tofler Company network is a powerful feature that allows you to explore and discover common directorships between companies. India achieved 8.5% GDP growth in 2006, 9.0% in 2007 and 7.3% in 2008, thereby significantly expanding the manufacturing processes. CreditAccess Grameen was visualized by Mrs. Vinatha M. Reddy in December 1996, inspired by the book ‘Give Us Credit’ by Alex Counts, President and CEO, Grameen Foundation USA. The government has relaxed controls on foreign trade and investment. For business and industry related insights, twice in a month. It helps you find out other directorships of an Indian director and where else he has business interests. CORPORATE IDENTIFICATION U65923TN2007PLC064550 NUMBER 3. India’s diverse economy encompasses traditional village farming, modern agriculture, handcrafts, a wide range of modern industries, and a multitude of services. It is one of the famous names, providing financial services in India. It was formed in year 2011 in Gujarat . Tofler Company360 provides access to any Indian company's financial documents, charts, ratio analysis and more. India is also capitalizing on its large number of English educated people, and is becoming a major exporter of software jobs and services. All trademarks, service marks, trade names and logos appearing on the site are the property of their respective owners. The company has 11 directors and 2 reported key management personnel. Co. 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Such reports can be bought from company pages at Tofler (Sample) or can be downloaded from Company360. It was formed in year 1997 in Telangana . Report has been successfully added to cart. Login for email address. The last reported AGM (Annual General Meeting) of Asirvad Micro Finance Limited, per our records, was held on 25 August, 2020. The current status of Asirvad Micro Finance Limited is - Active. 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 Read More. Phone:044-43510081. Incorporated under The Companies Act,1956 on 29th Aug, 2007. No spam. Other directorships - VILLAGE FINANCIAL SERVICES PVT. For ASIRVAD MICROFINANCE LIMITED Simi S.S Company Secretary Regd. It was formed in year 2016 in Karnataka . This has resulted in many of the Micro Finance Institutions finding it difficult to raise resources. Designed By Dezvolta. Micro Finance is effectively moving towards a banking type of sector through gradual evolution. Tamil Nadu. We place high importance in creating a discrimination-free … CORPORATE OFFICE. The feature is available for unlimited use in Company360 platform. We need to link the clients with market and technologies. © TWS Systems Private Limited. About your vendors, clients and competitors. From the above, it is evident that though there is scope for employment generation in agriculture, there is a significant shift to services and industries, suggesting that there has been a migration of population towards urban locations. X. X. In February 2015 Manappuram Finance Ltd took over the Company with the stake of 85%. All the passbooks are provided with the telephone number of branch managers in order to contact them for any query and complaints. No: 9, 9th & 10th Floor, Club House Road, Anna Salai, Chennai – 600002. Manappuram Finance Limited provides online gold loan, gold loan, forex & money transfer, SMS finance and commercial vehicle loan. 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. We shall be launching our Collection App shortly!!!! It's authorized share capital is INR 100.00 cr and the total paid-up capital is INR 53.31 cr. Other directorships - RADAUR HOLDINGS PRIVATE LIMITED,  BOOKER SATNAM WHOLESALE PRIVATE LIMITED,  BOOKER INDIA PRIVATE LIMITED,  CITICORP BROKERAGE (INDIA) LTD,  CITICORP MARUTI FINANCE LIMITED,  CITICORP CLEARING SERVICES INDIA LIMITED,  CITICORP CAPITAL MARKETS LIMITED,  NETAFIM AGRICULTURAL FINANCING AGENCY PRIVATE LIMITED,  VERITAS FINANCE PRIVATE LIMITED,  KALYANI FORGE LIMITED,  CITICORP FINANCE (INDIA) LIMITED,  TRENT LIMITED,  UGRO CAPITAL LIMITED,  CASHPOR MICRO CREDIT,  MANAPPURAM FINANCE LIMITED,  TATA INVESTMENT CORPORATION LIMITED,  UJJIVAN FINANCIAL SERVICES LIMITED,  PRAMERICA LIFE INSURANCE LIMITED. Due to this the repayment of loans is very high- almost 98 to 99%. 9th and 10th Floor, No 9, Club House Road, Anna Salai, Chennai 600002, Tamil Nadu. CIN U65923TN2007PLC064550, 1st Floor, Deshabandu Plaza, The registered office of Asirvad Micro Finance Limited is at DESHBANDHU PLAZA, FIRST FLOOR 47, WHITES ROAD CHENNAI , Tamil Nadu. Phone : 044-42124493 We request the Customers to pay their dues on time so as to avoid any additional interest. Current status of Asirvad Micro Finance … T- 7C, 5th Floor, A wing, Phoenix House, Senapati Bapat Marg, Lower Parel (W), Mumbai 400 013. 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. Get Direction. Chennai 600014, 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 Customers can also call the toll-free number 1800 270 1164 for registering any complaint or grievances. Experienced senior executives head key functions at Asirvad including operations, finance, internal audit, payments, IT, risk management and human resources. Asirvad Microfinance Limited | 290 followers on LinkedIn. CORPORATE IDENTIFICATION NuMbER : U65923TN2007PLC064550 3. Obtained NBFC License from Reserve Bank of India on 14th Dec, 2007. REGISTERED OFFICE : 1st Floor, Desabandhu Plaza, 47, Whites Road, Royapettah Chennai – 600 014 +91- (44) 43510081 4. 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. In addition, institutions such as SIDBI and FWWB have continued their lending despite the crisis. The Corporate Identification Number (CIN) of Asirvad Micro Finance Limited is U65923TN2007PLC064550. 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. COMPANY Asirvad Micro Finance Limited 2. CreditAccess Grameen Limited was born out of the need for timely and affordable credit to India’s poor and low-income households. The longest serving director currently on board is Raja Vaidyanathan Venkataraman Sattanathapuram who was appointed on 29 August, 2007. Assistant Manager-HR in Asirvad Microfinance Limited (Subsidiary of Manappuram Finance Ltd.) for Entire West Bengal September 2016 to Till Date. DESHBANDHU PLAZA, FIRST FLOOR 47, WHITES ROAD CHENNAI Tamil Nadu - 600014India. Privacy Policy, Corporate Governance – Internal Guidelines. Micro Finance in India is playing an important role in poverty alleviation and is widely credited for its success both nationally and internationally. Corporate Office: Unit No. It's EBITDA has increased by 182.34 % over the previous year. All Rights Reserved. Address - 1st Floor 2/11 Habbibullah Road T.Nagar. Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Actual numbers and more financial data. Other directorships - PACHIRA FINANCIAL SERVICES LLP,  BONANZA BUSINESS SERVICES PRIVATE LIMITED,  MANAPPURAM FINANCE TAMIL NADU LIMITED,  MANAPPURAM HOME FINANCE LIMITED. 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. 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