Manappuram Finance’s subsidiary-- Asirvad Microfinance 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 (AUM) for past five months and is poised to reach Rs 3,500 crore AUM by this financial year-end.
Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.