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Asirvad Microfinance
3.9
based on 792 Reviews
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Working at Asirvad Microfinance
Company Summary
Asirvad Microfinance offers microloans to women from low-income households across India, facilitating financial access and empowerment.
Overall Rating
3.9/5
based on 792 reviews
3% below
industry average
Work Policy
Work from office
79% employees reported
Monday to Saturday
74% employees reported
Strict timing
64% employees reported
Within city
47% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
39 employees reported
Health insurance
34 employees reported
Professional degree assistance
22 employees reported
Office cab/shuttle
9 employees reported
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About Asirvad Microfinance
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Asirvad Microfinance Limited is an NBFc promoted by an IIT & IIM alumni Shri. S.V. Raja Vaidyanathan and his family members in the year 2007. It provides microfinance loans to women from poor and low-income household through its network of branches across 22 States in India.In February 2015, Manappuram acquired majority stakes and Asirvad is now a subsidiary company of the Gold Loan Company Manappuram Finance Ltd. The company has raised funds through term loans from Banks and leading NBFCs, listed NCDs and completed many securitization deals with Banks.
Mission: "To organize groups of committed poor women and provide innovative financial services in a sustainable manner with a view to Alleviate poverty through viable income generation activities"
Vision: "To empower the members at the bottom of the pyramid by providing financial assistance"
Asirvad Microfinance Ratings
based on 792 reviews
Overall Rating
3.9/5
How AmbitionBox ratings work?
5
403
4
156
3
103
2
39
1
91
Category Ratings
3.7
Salary
3.7
Skill development
3.7
Promotions
3.6
Work-life balance
3.5
Company culture
3.5
Job security
3.5
Work satisfaction
Asirvad Microfinance is rated 3.9 out of 5 stars on AmbitionBox, based on 792 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
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Gender Based Ratings at Asirvad Microfinance
based on 722 reviews
3.7
Rated by 41 Women
Rated 3.7 for Salary and 3.4 for Work-life balance
3.9
Rated by 681 Men
Rated 3.8 for Career growth and 3.7 for Salary
Work Policy at Asirvad Microfinance
based on 111 reviews in last 6 months
Work from office
79%
Hybrid
13%
Permanent work from home
8%
Asirvad Microfinance Reviews
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Compare Asirvad Microfinance with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.9/5 based on 792 reviews | 3.7/5 based on 7.8k reviews | 3.9/5 based on 1.9k reviews | 4.3/5 based on 304 reviews |
Highly Rated for |  No highly rated category | Job security | Salary Job security | Job security Skill development Company culture |
Critically Rated for |  No critically rated category | Promotions | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 79% employees reported | Work from office 90% employees reported | Work from office 86% employees reported | - |
Rating by Women Employees | 3.7 Good rated by 41 women | 3.5 Good rated by 936 women | 4.0 Good rated by 89 women | 3.8 Good rated by 10 women |
Rating by Men Employees | 3.9 Good rated by 681 men | 3.8 Good rated by 6.5k men | 3.9 Good rated by 1.6k men | 4.4 Good rated by 72 men |
Job security | 3.5 Good | 3.8 Good | 3.9 Good | 4.2 Good |
View more
Asirvad Microfinance Salaries
Asirvad Microfinance salaries have received with an average score of 3.7 out of 5 by 792 employees.
Branch Manager
(123 salaries)
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₹1.5 L/yr - ₹4.8 L/yr
Area Manager
(65 salaries)
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₹2 L/yr - ₹6.8 L/yr
Field Development Officer
(60 salaries)
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₹0.9 L/yr - ₹3.2 L/yr
Assistant Manager- HR
(41 salaries)
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₹3 L/yr - ₹5 L/yr
Branch Head
(37 salaries)
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₹2 L/yr - ₹4.2 L/yr
Audit Manager
(37 salaries)
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₹1.8 L/yr - ₹5.3 L/yr
Junior Assistant
(29 salaries)
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₹1.7 L/yr - ₹3.1 L/yr
Divisional Manager
(29 salaries)
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₹3.8 L/yr - ₹7.2 L/yr
HR Manager
(28 salaries)
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₹3.8 L/yr - ₹7.5 L/yr
Assistant Branch Head
(23 salaries)
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₹2 L/yr - ₹3 L/yr
Asirvad Microfinance Interview Questions
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Asirvad Microfinance News
RBI Imposes Rs 39 Lakh Penalty On Citibank For Non-Compliance With Large Exposures Framework
- The Reserve Bank of India (RBI) has imposed a penalty of Rs 39 lakh on Citibank for non-compliance with the large exposures framework and delay in credit information reporting.
- A penalty of Rs 6.20 lakh has also been imposed on Asirvad Micro Finance Limited for non-compliance with certain provisions.
Bloomberg Quint | 22 Feb, 2025
RBI lifts ban on DMI Finance and Asirvad Micro Finance, allows to resume lending operations
- The Reserve Bank of India (RBI) has lifted the lending restrictions on Asirvad Micro Finance Limited and DMI Finance Private Limited.
- The restrictions were originally imposed due to non-compliance with regulatory guidelines and usurious pricing.
- Both companies have taken remedial actions and revised their processes to ensure compliance.
- After reviewing their compliance reports, the RBI found them in line with prescribed guidelines and allowed them to resume lending operations.
ISN | 10 Jan, 2025
Manappuram Finance - RBI Lifts Ban On Asirvad With Immediate Effect; A Positive Development: Motilal Oswal
- The Reserve Bank of India (RBI) has lifted the ban on Asirvad, a subsidiary of Manappuram Finance, with immediate effect.
- This is a positive development as it happened in less than three months, shorter than the initial assumption of six months.
- Asirvad is expected to see a gradual improvement in new business volumes, but it will still face challenges due to the industry-wide asset quality stress in the MFI sector.
- The ban was lifted due to the constructive efforts made by Asirvad to work with the regulator.
Bloomberg Quint | 9 Jan, 2025
Manappuram Finance shares surge after RBI lifts ban on unit
- Manappuram Finance shares surge after RBI lifts ban on unit.
- The Reserve Bank of India (RBI) lifted the ban on Manappuram's unit Asirvad Micro Finance and three other NBFCs.
- Manappuram's shares had fallen 21% following the ban but recovered to pre-ban levels in December.
- Analysts expect near-term earnings drag due to stress in the microfinance portfolio.
HinduBusinessLine | 9 Jan, 2025
Stocks that will see action today: January 9, 2025
- PI Industries has received an Order from the Commissioner of Customs for a classification dispute, imposing a liability of ₹38.91 crore.
- Solex Energy Ltd has achieved a remarkable revenue growth of 103% in the current financial year, with consolidated revenue reaching ₹408 crore.
- Lupin has received the EIR from the US FDA for its Pithampur Unit-1 manufacturing facility.
- Reserve Bank has lifted business restrictions on Asirvad Micro Finance and DMI Finance, imposed due to supervisory concerns.
HinduBusinessLine | 9 Jan, 2025
Manappuram Finance Says No Discomfort From Lenders On Asirvad, Collections Key
- Manappuram Finance has stated that lenders have not expressed any discomfort with its subsidiary Asirvad Microfinance, despite the lending restrictions imposed by the RBI.
- The company's focus will be on collections, with plans to implement advanced tracking systems and increase the number of loan officers.
- Asirvad Microfinance was barred from conducting lending operations by the RBI due to material supervisory concerns on high lending rates.
- Manappuram Finance expects repayments of Asirvad to improve from January-March and assures a reduction in rates to comply with regulations.
Bloomberg Quint | 6 Nov, 2024
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Asirvad Microfinance FAQs
When was Asirvad Microfinance founded?
Asirvad Microfinance was founded in 2007. The company has been operating for 18 years primarily in the NBFC sector.
Where is the Asirvad Microfinance headquarters located?
Asirvad Microfinance is headquartered in Chennai,Tamil Nadu and has an office in Chennai
How many employees does Asirvad Microfinance have in India?
Asirvad Microfinance currently has more than 19,000+ employees in India. Finance & Accounting department appears to have the highest employee count in Asirvad Microfinance based on the number of reviews submitted on AmbitionBox.
Does Asirvad Microfinance have good work-life balance?
Asirvad Microfinance has a Work-Life Balance Rating of 3.6 out of 5 based on 700+ employee reviews on AmbitionBox. 71% employees rated Asirvad Microfinance 4 or above, while 29% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Asirvad Microfinance work-life balance reviews for more details
Is Asirvad Microfinance good for career growth?
Career growth at Asirvad Microfinance is rated fairly well, with a promotions and appraisal rating of 3.7. 71% employees rated Asirvad Microfinance 4 or above, while 29% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading Asirvad Microfinance promotions/appraisals reviews for more detailed insights.
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