Fusion Microfinance Bundle
Who Owns Fusion Finance Limited?
Understanding the ownership of Fusion Finance Limited is key to grasping its strategic path and accountability. A significant shift occurred with its IPO in November 2022, reshaping its ownership structure.
Fusion Finance Limited, established in 2010, has grown to serve millions, impacting financial inclusion. Its journey reflects evolving ownership dynamics.
As of March 31, 2024, Fusion Finance Limited, formerly Fusion Micro Finance Limited, operated 1,297 branches across India, managing an Asset Under Management (AUM) of INR 11,476 crores. The company's client base exceeded 4 million. Examining its ownership reveals insights into its growth and future direction, including its Fusion Microfinance BCG Matrix.
Who Founded Fusion Microfinance?
Fusion Microfinance Limited, initially incorporated as Ambience Fincap Private Limited on September 5, 1994, commenced operations under its current brand in 2010. The company was founded by Devesh Sachdev, an XLRI alumnus with extensive experience in the service sector prior to establishing Fusion.
Founding Vision
The founding team's core vision is to deliver financial services to women in rural and peri-urban areas of India. This mission has guided the company's operational strategy and growth trajectory since its inception.
Founder and Managing Director
Devesh Sachdev serves as the founder and Managing Director of Fusion Microfinance. His leadership has been instrumental in shaping the company's direction and expanding its reach.
Early Promoters
While specific initial equity distributions are not publicly detailed, Devesh Sachdev and Mini Sachdev were among the key promoters. They participated in the offer for sale during the company's Initial Public Offering (IPO).
Key Early Investors
Several early backers played a crucial role in Fusion's initial growth phase. Honey Rose Investment and Creation Investments were significant early investors, each selling 14 lakh shares during the IPO.
Institutional Investment Milestones
In 2015, Oikocredit Ecumenical Development Co-operative Society U.A. and Belgian Investment Company made their initial investments in Fusion Microfinance. This marked important steps in institutionalizing the company's funding.
Private Equity Involvement
Warburg Pincus, a prominent global private equity firm, first invested in Fusion Microfinance in 2018. They further participated in another fundraising round in 2020, indicating sustained confidence in the company's potential.
The ownership structure of Fusion Microfinance Limited has evolved significantly since its inception, reflecting its growth and the increasing interest from institutional and private equity investors. Understanding the company's early backers and the role of its founders is key to grasping its current market position and future outlook. The company's business model, focused on empowering women through financial inclusion, has been a driving force behind its expansion and the attraction of substantial investment. For a deeper dive into how the company operates, explore the Revenue Streams & Business Model of Fusion Microfinance.
Fusion Microfinance SWOT Analysis
- Complete SWOT Breakdown
- Fully Customizable
- Editable in Excel & Word
- Professional Formatting
- Investor-Ready Format
How Has Fusion Microfinance’s Ownership Changed Over Time?
Fusion Microfinance's ownership landscape underwent a significant transformation following its Initial Public Offering (IPO) in November 2022. This event marked a shift from a promoter-dominated structure to a more diversified public and institutional investor base.
| Shareholder Type | As of June 30, 2025 | As of March 2025 |
| Promoters | 55.01% | 85.5% (Prior to IPO) |
| Foreign Institutional Investors (FII) | 2.99% | 1.69% |
| Domestic Institutional Investors (DII) | 12.55% | 16.91% |
| Mutual Funds (within DII) | 8.12% | N/A |
The company's journey to becoming a publicly traded entity began with its IPO, which opened on November 2, 2022, and concluded on November 4, 2022. This main-board issue comprised 29,999,813 equity shares, raising approximately ₹1,103.99 Crores. The offering included a fresh issue of ₹600.00 Crores and an offer for sale of 1.37 crore shares. Trading commenced on BSE and NSE on November 15, 2022, with shares priced between ₹350 and ₹368.
Key Stakeholders and Their Influence
Post-IPO, the ownership structure of Fusion Microfinance Limited has become more distributed. This diversification brings in new perspectives and potentially enhances corporate governance.
- Promoters' stake reduced to 55.01% as of June 30, 2025.
- Foreign Institutional Investors (FII) increased their holding to 2.99% by June 2025.
- Domestic Institutional Investors (DII) held 12.55% as of June 2025.
- Mutual funds represent a significant portion of DII holdings, at 8.12%.
- Notable institutional investors include Morgan Stanley Asia Singapore Pte, Societe Generale, Franklin Templeton Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Life Insurance, and Bajaj Allianz Life Insurance.
- Significant private equity backing comes from Warburg Pincus (via Honey Rose Investment) and Creation Investments Fusion, LLC. As of January 2023, Warburg Pincus, LLC held 39.4% and Creation Investments Fusion, LLC held 23.7%.
The evolution of Fusion Microfinance's ownership structure reflects a strategic move towards public markets, aiming to fuel further growth and expand its reach. Understanding who owns Fusion Microfinance provides insight into the company's strategic direction and its commitment to its stakeholders. The detailed breakdown of Fusion Microfinance's ownership is crucial for investors and analysts tracking the company's performance and future Marketing Strategy of Fusion Microfinance.
Fusion Microfinance PESTLE Analysis
- Covers All 6 PESTLE Categories
- No Research Needed – Save Hours of Work
- Built by Experts, Trusted by Consultants
- Instant Download, Ready to Use
- 100% Editable, Fully Customizable
Who Sits on Fusion Microfinance’s Board?
As of July 2025, the Board of Directors of Fusion Finance Limited comprises a diverse group of individuals, including executive, non-executive, and independent directors. This structure ensures a balance of operational oversight and strategic guidance, reflecting the interests of various Fusion Microfinance stakeholders.
| Director Name | Role | Affiliation/Notes |
|---|---|---|
| Devesh Sachdev | Managing Director | Executive Director |
| Ms. Namrata Kaul | Non-Executive & Independent Director | |
| Mr. Puneet Gupta | Non-Executive & Independent Director | Appointed October 5, 2024 |
| Ms. Ratna Dharashree Vishwanathan | Non-Executive & Independent Director | |
| Mr. Kenneth Dan Vander Weele | Non-Executive & Nominee Director | Director at Creation Investments Social Ventures Fund |
| Mr. Narendra Ostawal | Non-Executive & Nominee Director | Managing Director at Warburg Pincus, India |
The voting power within Fusion Microfinance Limited is primarily governed by its Articles of Association. While specific details regarding dual-class shares or preferential voting rights are not publicly detailed as of July 2025, the general principle in India, for companies of this nature, leans towards a one-share-one-vote system. This is subject to the company's internal regulations and prevailing Indian corporate law. The presence of nominee directors from significant institutional investors like Warburg Pincus and Creation Investments suggests their substantial influence on board decisions, stemming from their considerable shareholding and strategic investment in Fusion Microfinance.
Understanding Fusion Microfinance's Ownership Structure
The ownership structure of Fusion Microfinance is influenced by its board composition and the representation of key investors. Understanding who owns Fusion Microfinance involves looking at both individual holdings and institutional investments.
- The board includes nominee directors from major private equity firms.
- These firms likely hold significant stakes, impacting Fusion Microfinance's strategic direction.
- The company's Articles of Association dictate the framework for share control and issuance.
- The standard Indian practice generally follows a one-share-one-vote principle.
- Key individuals behind Fusion Microfinance ownership are represented through these board appointments.
Fusion Microfinance Business Model Canvas
- Complete 9-Block Business Model Canvas
- Effortlessly Communicate Your Business Strategy
- Investor-Ready BMC Format
- 100% Editable and Customizable
- Clear and Structured Layout
What Recent Changes Have Shaped Fusion Microfinance’s Ownership Landscape?
Fusion Finance Limited, formerly Fusion Microfinance Limited, has seen substantial shifts in its ownership and strategic focus over the last three to five years. The company's Initial Public Offering (IPO) in November 2022 marked a significant step in broadening its investor base by including public shareholders.
| Shareholder Type | Holding as of June 30, 2025 | Holding as of March 31, 2025 |
| Promoter Holdings | 55.01% | N/A |
| Pledged Promoter Holdings | 4.49% | N/A |
| Foreign Institutional Investors (FIIs) | 2.99% | 1.69% |
| Domestic Institutional Investors (DIIs) | 12.55% | 16.91% |
In December 2023, promoter entities Honey Rose Investment and Creation Investments Fusion, LLC divested a combined 10.2% stake for ₹572 crore via open market transactions. Despite this sale, the company experienced robust buying interest from both domestic and foreign institutional investors. Fusion Finance Limited also successfully completed an INR 8 billion rights issue in May 2025, further strengthening its capital base. The company's leadership structure evolved with Mr. Sanjay Garyali's appointment as CEO effective March 17, 2025, and Mr. Devesh Sachdev transitioning to Managing Director. A notable strategic move was the company's name change to Fusion Finance Limited, effective July 9, 2024, indicating an expansion of its financial product offerings beyond traditional microfinance, aiming for enhanced business resilience and broader financial inclusion. This strategic pivot is supported by initiatives like securing a $25 million loan facility from the US International Development Finance Corporation (DFC) in May 2024 for growth capital. Understanding the evolution of Fusion Microfinance's ownership is key to grasping its current trajectory and future potential, as detailed in its Brief History of Fusion Microfinance.
Promoter Stake Evolution
Promoter holdings were 55.01% as of June 30, 2025, with 4.49% pledged. This reflects a significant, though not sole, ownership by the original promoters.
Institutional Investor Activity
Foreign institutional investors increased their stake to 2.99% by June 2025, while domestic institutional investors saw a decrease to 12.55% in the same period.
Strategic Capital Infusion
The company raised INR 8 billion through a rights issue in May 2025. Additionally, a $25 million loan facility was secured from the US DFC in May 2024.
Leadership and Brand Evolution
A new CEO was appointed in March 2025, and the company rebranded to Fusion Finance Limited in July 2024, signaling a broader financial services strategy.
Fusion Microfinance Porter's Five Forces Analysis
- Covers All 5 Competitive Forces in Detail
- Structured for Consultants, Students, and Founders
- 100% Editable in Microsoft Word & Excel
- Instant Digital Download – Use Immediately
- Compatible with Mac & PC – Fully Unlocked
- What is Brief History of Fusion Microfinance Company?
- What is Competitive Landscape of Fusion Microfinance Company?
- What is Growth Strategy and Future Prospects of Fusion Microfinance Company?
- How Does Fusion Microfinance Company Work?
- What is Sales and Marketing Strategy of Fusion Microfinance Company?
- What are Mission Vision & Core Values of Fusion Microfinance Company?
- What is Customer Demographics and Target Market of Fusion Microfinance Company?
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.