Annapurna Finance – Bridging the Credit Gap with Impact

Introduction

Financial exclusion remains one of the major barriers to equitable economic development in India. Annapurna Finance Private Limited (AMPL), through its microfinance and MSME lending programs, is addressing this challenge head-on. With its roots in community service and its evolution into a regulated NBFC-MFI, Annapurna has become a leader in driving financial inclusion.

Community-Centric Roots
What sets Annapurna apart is its origin story. Beginning in the 1990s as People’s Forum, it worked to improve livelihoods in rural Odisha. By 2005, Mission Annapurna was launched to provide credit to poor women at their doorstep. This community-first approach continues today, with Annapurna serving clients often neglected by formal lenders.

Diversified Offerings
AMPL now provides a range of services: microfinance loans, MSME financing, and small housing loans. These are complemented by training and technical assistance, empowering clients to become self-reliant. This dual approach—financial plus technical support—creates long-term impact.

Leadership Driving Growth
The company benefits from a leadership team deeply committed to both social and financial goals. COO Sanjay Pattanaik focuses on entrepreneurship development and leadership building, while CFO Satyajit Das ensures strong financial governance. Their combined vision has enabled Annapurna to maintain balance between outreach and profitability.

Financial Track Record – FY25
Key financial indicators highlight Annapurna’s growth and resilience:

• AUM: ₹11,034 crore

• Total Assets: ₹8,946.20 crore

• Net Worth: ₹1,661.78 crore

• PAT: ₹69.24 crore

• ROE: 16.70%

• NNPA: 0.99%

• CRAR: 29.61%

With nearly 30% CRAR and sub-1% NNPA, Annapurna is well-positioned for sustainable growth.

Support and Partnerships
Equity investors such as Belgian Investment Company, Women’s World Bank, OIKO Credit, and Nuveen Global have backed Annapurna, while lenders like SBI, Canara Bank, and ICICI provide steady debt funding. This strong institutional support demonstrates confidence in Annapurna’s business model.

Investor Proposition – Bonds
AMPL’s listed corporate bond (ISIN: INE515Q07640) carries an ICRA A- rating and offers a YTM of 11.50% over 23 months. With a minimum investment of ₹95,818, it is designed for investors seeking secure, short-term opportunities with high returns.

Conclusion
By combining community-centric values with strong financial performance, Annapurna Finance has established itself as both a social and financial success story. For investors, Annapurna’s bonds provide a compelling opportunity to earn stable returns while supporting inclusive growth.