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States » East


Asirvad Microfinance reached 3,000 crore AUM

Kolkata, Dec 14 (UNI) Asirvad Microfinance Limited, microfinance subsidiary company of Manappuram Finance Limited has achieved a significant milestone of reaching Rs. 3,000 crore micro-finance Assets under Management (AUM).
As per the statement of Managing Director, Mr. Raja Vaidyanathan, “Asirvad has been achieving an incremental Rs. 100 crore AUM for past five months consistently and poised to reach Rs. 3,500 crore AUM by end of financial year.
He further said that, Manappuram Finance is infusing Rs. 150 crore into the company to aid further expansion of portfolio.” The company has been rated as A+ positive outlook by CRISIL and A+ rating by CARE.
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Odisha: Two drown in river in separate incidents in Kendrapara

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