Fusion Micro Finance IPO - Strong Player In Sustained Growing MFI Sector: ICICI Direct
The company is one of the youngest companies among top NBFC-MFIs in India in terms of assets under management.
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ICICI Direct's IPO Report
Fusion Micro Finance Ltd. was founded with the core idea of creating opportunities at the bottom of the pyramid. The company does so by providing financial services to unserved and underserved women in rural and semi-rural areas across India.
The company believe its network and services have improved accessibility to formal credit at affordable prices thereby positively impacting the lives of its customers in rural India.
Fusion Micro Finance is one of the youngest companies (in terms of getting an non-banking financial company-micro finance institution licence) among top NBFC-MFIs in India in terms of assets under management as of June 30, 2022, according to Crisil.
In addition, it had the fourth fastest growing gross loan portfolio compound annual growth rate of 53.8% between FY17 and FY21 among the 10 largest NBFC-MFIs in India, according to Crisil.
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