Asirvad Microfinance

Asirvad Micro Finance Limited, established in 2007 by IIT and IIM alumni Shri S.V. Raja Vaidyanathan, is a Non-Banking Financial Company (NBFC) that specializes in providing microfinance loans to women from poor and low-income households. Operating across 22 states in India, Asirvad has developed a comprehensive network of 930 branches to serve its 1.6 million women members. The company focuses on empowering women by offering financial services that enable them to improve their economic status. Asirvad's business model involves raising funds through term loans from banks and leading non-banking finance companies, as well as engaging in securitization deals with banks. This approach has allowed the company to consistently achieve an incremental crore in Assets Under Management (AUM) over the past five months, with a goal to reach a significant milestone in AUM by the end of the financial year. As a subsidiary of Manappuram Finance, Asirvad leverages its parent company's resources and expertise to expand its reach and impact in the microfinance sector. The company operates in a diverse Indian economy that includes traditional village farming, modern agriculture, handcrafts, and a wide range of modern industries and services. Keywords: microfinance, women empowerment, NBFC, loans, low-income, branches, securitization, AUM, financial services, India.