Fusion Micro Finance Limited IPO – Research Report

Incorporated in 1994, Fusion Micro Finance Limited (FML) is one of the youngest companies among the top NBFC-MFIs in India in terms of AUM. FML is engaged in providing financial services to unserved and underserved section of society. The company has achieved a significant footprint across India, where they have extended reach to 2.90 million active borrowers which are served through its network of 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India, as of June 30, 2022. The companys business runs on a joint liability group-lending model, wherein a small number of women form a group (typically comprising five to seven members) and guarantee one anothers loans.