Fusion Micro Finance Ltd - FUSION MICROFIN. Share Price

Summary

Fusion Micro Finance Ltd. was originally incorporated as Ambience Fincap Private Limited on September 5, 1994 at New Delhi, India as a Private Limited Company under the Companies Act, 1956. Subsequently, name of the Company changed to Fusion Micro Finance Private Limited and a fresh Certificate of Incorporation, dated April 19, 2010 was issued by the RoC to describe the business of the Company, post which the RBI granted a certificate of registration dated May 19, 2010 reflecting the change of name. The name of Company was further changed to Fusion Micro Finance Limited upon conversion to a Public Limited Company on July 20, 2021, post which a fresh Certificate of Registration as an NBFC (not accepting public deposits) dated October 1, 2021, was issued by the RBI reflecting the change in name of the Company. The Company is a microfinance company providing financial services to underserved women across India in order to facilitate their access to greater economic opportunities. It had the fourth fastest gross loan portfolio CAGR of 53.89% between the financial years 2017 and 2021 among the 10 largest NBFC-MFIs in India, and was one of the youngest companies among top NBFC-MFIs in India in terms of AUM as of June 30,2022, according to CRISIL. As of June 30, 2022 and March 31, 2022, 2021 and 2020, the 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. As of June 30, 2022, the Company had 2.90 million active... Read More