News Update: Asirvad Micro Finance Limited Appoints Satish Nair as President and CEO

Asirvad Micro Finance Limited, a leading micro finance institution, has appointed Satish Nair as its new President and Chief Executive Officer. Asirvad, a subsidiary of Manappuram Finance Limited, is known for offering micro finance loans to low-income women and has a strong presence across India.

With assets under management of over Rs 10,000 crore and a network of 1,684 branches in 22 States and 4 Union Territories, Asirvad plays a crucial role in promoting financial inclusion and empowering marginalized individuals.

Satish Nair brings a wealth of experience in the financial services sector, having previously held key roles in treasury, compliance, business development, and corporate finance functions. His appointment is expected to drive Asirvad’s growth and help the company achieve its vision of serving the underserved and underbanked sections of India.

Prior to joining Asirvad, Satish was head of treasury and corporate affairs at Vastu Housing Finance Corporation Ltd. He has also worked with credit rating agencies such as Fitch Ratings, India Ratings & Research, and Brickwork Ratings.

Asirvad Micro Finance Limited, established in 2007, focuses on empowering low-income women and promoting financial inclusion. The company became a subsidiary of Manappuram Finance Limited in 2015 and has since expanded its operations nationwide, providing financial support to individuals in rural and semi-urban areas.

Manappuram Finance Limited, founded in 1992, is a prominent Non-Banking Financial Company with a wide range of financial solutions. The company is one of the largest NBFCs in the gold loan sector in India and has diversified its offerings to include personal, business, and vehicle loans.

Satish Nair’s appointment as President and CEO of Asirvad marks a new chapter in the company’s journey towards empowering individuals and fostering economic stability in India. His expertise and vision are expected to drive Asirvad’s growth and further its mission of financial inclusion.