When was Asirvad Microfinance founded?

Asirvad Microfinance was founded in 2009 and raised its 1st funding round within a year of its incorporation.

Where is Asirvad Microfinance located?

Asirvad Microfinance is headquartered in Chennai, India. It is registered at W - 4/ 638 A, Manappuram House, Valapad, Thrissur, Chavakkad, Kerala, India, 680567.

Who is the current CEO of Asirvad Microfinance?

Roy Varghese of Asirvad Microfinance.

Which legal entities is Asirvad Microfinance associated with?

Asirvad Microfinance is associated with ASIRVAD MICRO FINANCE LIMITED and 1 other.

How many employees does Asirvad Microfinance have?

As of Aug 31, 2026, the latest employee count at Asirvad Microfinance is 2077.

Is Asirvad Microfinance a funded company?

Asirvad Microfinance is a funded company, having raised a total of $1.75M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 11, 2009.

How much is Asirvad Microfinance worth?

The last known valuation of Asirvad Microfinance was $***** as of Oct 30, 2014.

When was the latest funding round of Asirvad Microfinance?

Asirvad Microfinance's latest funding was a $***** Conventional Debt round on May 24, 2021, with participation from 1 investor.

What is the annual revenue of Asirvad Microfinance?

Annual revenue of Asirvad Microfinance is more than ₹1,000 Cr as on Mar 31, 2025

Where does Asirvad Microfinance rank among its competitors?

Asirvad Microfinance ranks 4th amongst 282 active competitors, of which 45 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Sindhuja Microcredit, which secured $5M in May, 2026.

Who are the top competitors of Asirvad Microfinance?

Asirvad Microfinance's top competitors include Satin Creditcare, Muthoot Microfin and Svatantra Microfinance. Among them, Sindhuja Microcredit secured the most recent funding round in May, 2026.

Asirvad Microfinance - 2026 Company Profile, Team, Funding, Competitors & Financials

Asirvad Microfinance is an acquired company based in Chennai (India), founded in 2009 by Raja Vaidyanathan Venkataraman Sattanath. It operates as a Provider of micro loans for consumers. Asirvad Microfinance has raised $1.75M in funding, with last known valuation of $*****. The company has 282 active competitors, including 45 funded and 34 that have exited. Its top competitors include companies like Satin Creditcare, Muthoot Microfin and Svatantra Microfinance.

Company Details

Provider of micro loans for consumers. Company provides micro loans, gols loans, MSME laons and more.

Website: asirvadmicrofinance.co.in
Part Of
Registered Address: W - 4/ 638 A, Manappuram House, Valapad, Thrissur, Chavakkad, Kerala, India, 680567

Key Metrics

Founded Year

2009

Location

Chennai, India

Stage

Acquired

Total Funding

$1.75M in 4 rounds

Latest Funding Round

Conventional Debt, May 24, 2021, $*****

Last Known Valuation

$***** as on Oct 30, 2014

Investors

Lok Capital & 4 more

Ranked

4^th among 282 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

2,077 as on Aug 31, 2026

Similar Companies

Satin Creditcare & 1194 more

Exit Details

Acquired by Manappuram Finance (Oct 30, 2014)

View Asirvad Microfinance's full profile

Asirvad Microfinance is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MANAPPURAM FINANCE LIMITED CIN: L65910KL1992PLC006623 , India, Active	Jul 15, 1992	₹1,000+ Cr (As on Mar 31, 2025)	28295 (As on Apr 01, 2026)
ASIRVAD MICRO FINANCE LIMITED CIN: U65923TN2007PLC064550 , India, Active	Aug 29, 2007	₹1,000+ Cr (As on Mar 31, 2025)	14719 (As on Aug 01, 2025)

Asirvad Microfinance got acquired by Manappuram Finance on Oct 30, 2014 at an acquisition amount of $*****.

Click here to take a look at Asirvad Microfinance's acquisition in detail

Asirvad Microfinance has raised a total funding of $1.75M over 4 rounds. Its first funding round was on Sep 11, 2009. Its latest funding round was a Conventional Debt round on May 24, 2021 for $*****. 1 investor participated in its latest round. Asirvad Microfinance has 5 institutional investors.

Here is the list of recent funding rounds of Asirvad Microfinance:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 24, 2021	4277141	Conventional Debt	7562833	2729764	7966289	1139471
Mar 2021	6238234	Conventional Debt	2867988	7173920	3326822	British International Investment
Sep 14, 2020	8898733	Conventional Debt	6744529	7282365	7443400	Invest in Visions

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View details of Asirvad Microfinance's funding rounds and investors

The founders of Asirvad Microfinance is Raja Vaidyanathan Venkataraman Sattanath. Roy Varghese is the CEO of Asirvad Microfinance.

Here are the details of Asirvad Microfinance's key team members:

Raja Vaidyanathan Venkataraman Sattanath: Founder & Chairman of Asirvad Microfinance. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address
Roy Varghese: CEO of Asirvad Microfinance.
Contact Info: 1 email address

Asirvad Microfinance's Board of Directors

Asirvad Microfinance's board has 11 active members. Raja Vaidyanathan Venkataraman Sattanath is part of team and Desh Raj Dogra, Ramanathan Annamalai, Thotanchath Balakrishnan, Abhijit Sen, Pushya Sitaraman, Subrata Kumar Atindra Mitra, Blangat Narayanan Babu Raveendra, Manoharan Makkunni Thanniyath, Harshan Kollara Sankarkutty and Gautam Rathindranath Saigal are independent board members.

Here is the list of Asirvad Microfinance's board of directors:

Name	Type	Representing	Status	Duration
toxnxly	Team	-	Past	6y 6m
Desh Raj Dogra	Independent board member	-	Current	9y 11m
vdaljbi	Independent board member	-	Current	9y 3m
tuvspo{	Independent board member	-	Current	8y 9m
jodraga	Independent board member	-	Current	9y 3m
mqhhrnx	Independent board member	-	Current	6y 8m
ff{ywyi	Independent board member	-	Current	1y 2m
acmfysr	Independent board member	-	Current	8y 9m
{hhewrx	Independent board member	-	Current	2y 5m
ehjsjiw	Independent board member	-	Past	2y 3m
vmzxnd{	Independent board member	-	Past	9y 6m

View details of Asirvad Microfinance's Founder profiles and Board Members

Asirvad Microfinance's employee count trend

Asirvad Microfinance has 2,077 employees as of Aug 26. Here is Asirvad Microfinance's employee count trend over the years:

Employee count trend for Asirvad Microfinance

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Top competitors of Asirvad Microfinance include Satin Creditcare, Muthoot Microfin and Svatantra Microfinance. Here is the list of Top 10 competitors of Asirvad Microfinance, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Satin Creditcare 1990, Gurugram (India), Public	NBFC offering micro loans to businesses	$41.3M	Axis Bank, Karvy Capital & 26 others	73/100
2nd	Muthoot Microfin 2010, Ernakulam (India), Public	Provider of microfinance financial support and loans to low-income earning women entrepreneurs	$138M	Creation Investments, Greater Pacific Capital ... & 34 others	71/100
3rd	Svatantra Microfinance 2012, Mumbai (India), Late Stage	Provider of microfinance and individual loan services for entrepreneurs	$98.7M	Advent International, Multiples Alternate Asset Management ... & 5 others	69/100
4th	Asirvad Microfinance 2009, Chennai (India), Acquired	Provider of micro loans for consumers	$1.75M	Lok Capital, WorldBusiness Capital & 3 others	69/100
5th	Ujjivan SFB Bengaluru (India), Public	Provider of banking services including savings accounts loans and insurance	$238M	CX Partners, Caspian & 17 others	69/100
6th	Sindhuja Microcredit 2018, Noida (India), Series C	Provider of micro-credit solutions for low-income individuals and businesses	$40.7M	Carpediem Capital, Abler Nordic & 56 others	66/100
7th	CreditAccess Grameen 1996, Bengaluru (India), Public	Provider of microcredit services	$23.5M	T. Rowe Price, ICICI Prudential Asset Management Company ... & 15 others	66/100
8th	Avanti 2016, Bengaluru (India), Series B	Provider of financial services focused on livelihood advancement for underserved communities	$79.7M	Gates, Nomura & 17 others	66/100
9th	Satyamicrocapital 2016, Delhi (India), Series C	Provider of microfinance operations services	$116M	Gojo, Dia Vikas & 40 others	65/100
10th	Ananya Finance For Inclusive Growth 2009, Ahmedabad (India), Series B	Non-Banking Financial Institution providing microfinance solutions to underserved communities	$58.5M	Gojo, Womens World Banking & 4 others	64/100