· Tamil Nadu AUM crosses Rs.1, 000 crore
· Opens 1,000th branch in the state of Bihar
Asirvad Microfinance Limited, a subsidiary of Manappuram Finance Limited has achieved a significant milestone of offering micro-finance to over 450,000 women members achieving INR 1000 crore Assets under Management (AUM) in the State of Tamil Nadu. Asirvad started its operations in Tamil Nadu in 2008 and had completed a decade of operations last year.
In a statement released to the media, Mr. V.P. Nandakumar, MD & CEO, Manappuram Finance Ltd said that “The microfinance company’s foundation was laid in Tamil Nadu and today it has achieved an AUM of Rs.4,444 crore by rapidly expanding its business operations across 20 States and 3 Union Territories.
Mr. Raja Vaidyanathan, Managing Director, stated that “Asirvad Microfinance achieved another milestone in August 2019 when it opened its 1,000th branch in Bihariganj in the state of Bihar”.