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    HomeNewsBusinessAsirvad Microfinance crosses Rs 3,000 crore AUM

    Asirvad Microfinance crosses Rs 3,000 crore AUM

    "Asirvad has been achieving an incremental Rs 100 crore assets under management for past five months and is poised to reach Rs 3,500 crore AUM by this financial year-end", managing director of the company Raja Vaidyanathan said in a statement here.

    PTI
    December 13, 2018 / 14:49 IST

    Asirvad Microfinance Ltd, a subsidiary of Manappuram Finance, on Thursday announced that it has reached a milestone of managing Rs 3,000 crore micro finance assets.

    "Asirvad has been achieving an incremental Rs 100 crore assets under management for past five months and is poised to reach Rs 3,500 crore AUM by this financial year-end", managing director of the company Raja Vaidyanathan said in a statement here.

    Also, the company received a capital of Rs 150 crore from Manappuram Finance, the release said. Asirvad Microfinance Ltd currently has 1.6 million women members through a 930 branch network across the country, the release added.

    PTI
    first published: Dec 13, 2018 02:45 pm

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