ICICI Securities Limited
CLSA India Private Limited
IIFL Securities Ltd
JM Financial Consultants Private Limited
Fusion Micro Finance Ltd is engaged in providing financial services to women entrepreneurs belonging to the economically and socially deprived section of the society. The company’s responsibilities are not restricted merely to financial support but also to acquaint the clients to manage their financials by disseminating Financial Literacy to them.
Fusion Micro Finance Ltd is one of the youngest companies among the top 10 NBFC-MFIs in India in terms of AUM as of June 30, 2022.
The company have achieved a significant footprint across India, where the company have extended its reach to 2.90 million active borrowers which were served through our network of 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India, as of June 30, 2022.
The company’s business runs on a joint liability group-lending model, wherein a small number of women form a group (typically comprising five to seven members) and guarantee one another’s loans.
As of June 30, 2022 and March 31, 2022, 2021 and 2020, our total AUM was Rs. 73,890.23 million, Rs. 67,859.71 million, Rs. 46,378.39 million and Rs. 36,065.24 million, respectively.
For year/ period ended ( in Cr.)
|Profit After Tax||21.76||43.94||69.61|
The Company marked growth in top lines, while it posted declining profits amidst the pandemic, natural calamities, and expansion spending from FY20 to FY22. Now, it is on a recovery path as indicated by Q1 of FY23 and based on these earnings. Hence, Investors may consider an investment with a medium to long-term perspective.