Annapurna Finance Pvt Ltd
About
Annapurna Finance Private Limited (AFPL) is among India’s top non-banking financial company-micro financial institutions (NBFC-MFI). Its operations began as the microfinance arm of an NGO called People’s Forum under the name of Mission Annapurna in 2005. Later, AFPL was formally established in 2009 to address the financial needs of the poor women in interior, underserved parts of Odisha by going door-to-door. It officially registered with the Reserve Bank of India in 2013 to form a more streamlined enterprise. The company aims to alleviate poverty by providing financial and technical support to the underserved and unserved population, allowing them to enhance their incomes and standard of living by initiating or expanding small businesses. Its products include loans for emergencies, housing, MSME businesses, dairy development, rooftop solar panel installations, consumer durables, home improvement, street vendors, and historically marginalised communities.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2075 32.2% | 1570 36.2% | 1153 18.0% | 977 25.3% | 780 50.5% | 518 51.9% | 341 - |
| Net Operating Income (INR Cr) | 2060 32.21% | 1558 35.80% | 1147 0.00% | 973 25.38% | 776 50.65% | 515 55.88% | 331 0.00% |
| Profit (INR Cr) | 233 606.9% | 33 91.5% | 17 844.5% | 2 -97.8% | 83 32.6% | 63 554.5% | 10 - |
| Assets (INR Cr) | 8603 4.2% | 8256 17.9% | 7006 24.1% | 5647 20.8% | 4676 38.9% | 3367 183.2% | 1189 - |
| Net Worth (INR Cr) | 1655 37.4% | 1205 52.4% | 790 0.0% | 760 -0.4% | 763 23.9% | 615 153.7% | 243 0.0% |
| Employee Cost (INR Cr) | 496 27.0% | 391 35.6% | 288 39.8% | 206 16.2% | 177 37.8% | 129 67.4% | 77 - |
| Interest Cost (INR Cr) | 802 | 665 | 564 | 511 | 377 | 227 | 173 |
| Cash & Bank Balance (INR Cr) | 747 | 1603 | 1905 | 1683 | 1118 | 664 | 305 |
| Total Debt (INR Cr) | 6945 | 6786 | 5710 | 4656 | 3907 | 2747 | 918 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 11.2% | 2.1% | 1.5% | 0.2% | 10.6% | 12.1% | 2.8% |
| Profit As % Of Assets | 2.7% | 0.4% | 0.3% | 0.0% | 1.8% | 1.9% | 0.8% |
| Profit As % Of Networth | 14.1% | 2.7% | 2.2% | 0.2% | 10.9% | 10.2% | 3.9% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - |
| RONW | 16.3% | 3.3% | 2.2% | 0.2% | 12.0% | 14.6% | 3.9% |
| ROCE | 13.2% | 9.3% | 8.4% | 9.9% | 11.9% | 14.1% | 15.7% |