BASIX
BASIX is a Hyderabad-headquartered social enterprise group founded in 1996 that provides consulting and technical assistance in financial inclusion, agricultural development, institutional development, and skill building to government agencies, multilateral organizations, and MFIs across 25 Indian states and 40+ countries, operating through subsidiaries including Sub-K (digital financial services to 3M+ customers) and BMWv (municipal waste management).
- Company typePrivate
- Founded1996
- HeadquartersHyderabad, India
- Headcount101–250
- GTM typeB2B
- OfferingServices
What BASIX does
BASIX (legal entity: Bhartiya Samruddhi Investments and Consulting Services Limited / BASICS Ltd) is a Hyderabad-headquartered social enterprise group founded in 1996 by Vijay Mahajan as India's first 'new generation livelihood promotion institution.' The group provides integrated consulting and technical assistance across five service modules: Inclusive Financial Services (IFS), Institutional Development Services (IDS), Consulting in Skill Building Services, Studies/M&E, and Strategic Projects on Innovations. Customers served include state rural livelihood missions, central ministries, multilateral/bilateral development agencies (UNDP, World Bank, ADB, IFC, UNCDF, Ford Foundation, Swiss SDC), and microfinance institutions across 25 Indian states and 40+ countries.
The group operates through a holding-company structure with wholly-owned subsidiaries (IGS for action research, BKSL for agriculture extension, BMWv for solid waste management, B-ABLE for vocational training, ILRT for research) and a majority-owned investee (Sub-K IMPACT Solutions for digital last-mile financial services, serving 3M+ customers across 26 states as a business correspondent to 15+ financial institutions). Proprietary technology assets include BankSoft (core banking solution deployed for MFIs in Papua New Guinea and other markets), Delhix Nano ERP, and the BASIX Farmer Market Platform for FPO-to-buyer linkages.
The revenue model is diversified across professional services consulting fees, business correspondent transaction fees (Sub-K), managed services contracts (BMWv), and fee-based agriculture extension. The group historically operated a direct microfinance lending business (BSFL) that peaked at a Rs 18,080 million loan book with 8,000+ employees in 2010, but this was wound down following the Andhra Pradesh microfinance crisis and replaced with the current consulting-led, lighter-capital model. Total cumulative customers served exceed 3.5 million across financial services, insurance, training, FPO formation, and waste management.
BASIX firmographics
Firmographics- Name
- BASIX
- Legal name
- Bhartiya Samruddhi Investments and Consulting Services Limited
- Website
- https://basixindia.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- BASIX is a Hyderabad-headquartered social enterprise group founded in 1996 that provides consulting and technical assistance in financial inclusion, agricultural development, institutional development, and skill building to government agencies, multilateral organizations, and MFIs across 25 Indian states and 40+ countries, operating through subsidiaries including Sub-K (digital financial services to 3M+ customers) and BMWv (municipal waste management).
- Ownership category
- akta.pro rank
BASIX industry classification
Industry- Product category
- Financial Inclusion Consulting and Livelihood Promotion Services
- NAICS
- Management Consulting Services (54161)
- SIC
- Services-Management Consulting Services (8742)
- akta.pro primary industry
- Infrastructure, Housing & Community Development (BPAGABAL)
- akta.pro secondary industry
- Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ)
Keywords
Where BASIX is headquartered
LocationHeadquarters
- HQ city
- Hyderabad
- HQ country
- India
- HQ region
- Asia
Offices10 records
Markets served
BASIX business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Consulting and Technical Assistance Services: Fee-based consulting services provided to government agencies, development finance institutions, and MFIs for financial inclusion, institutional development, and livelihood promotion projects. Services include advisory, management support, capacity building, and technical assistance.
- Business Correspondence Services: Sub-K provides business correspondence services to banks and NBFCs, facilitating last-mile banking and financial solutions to underserved populations across 26 states in India.
- Solid Waste Management Services: BMWv provides integrated solid waste management services including doorstep collection, waste sorting, recycling, and composting for municipal corporations.
- Agriculture Extension and Value Chain Services: BKSL offers fee-based agri-extension services and end-to-end value chain development for small and marginal farmers through FPOs/FPCs.
Go-to-market motion1 record
Distribution channels5 records
Marketing channels9 records
BASIX product offering
Product offeringCore offering
BASIX (Bhartiya Samruddhi Investments and Consulting Services Limited) provides consulting and technical assistance services for livelihood promotion, including Inclusive Financial Services (IFS) consulting, Institutional Development Services (IDS) for FPOs and SHGs, skill building consulting, studies and M&E services, and strategic innovation projects. The group operates a portfolio of subsidiaries delivering agricultural extension, solid waste management, vocational training, and digital last-mile banking services for underserved rural communities.
Product overview
BASIX (Bhartiya Samruddhi Investments and Consulting Services Limited) is a livelihood promotion institution established in 1996, operating as a social enterprise group through a holding company (BASICS Ltd) and multiple subsidiaries and affiliates. The core BASIX brand provides an integrated suite of consulting and technical services across five divisions: Inclusive Financial Services (IFS), Institutional Development Services (IDS), Consulting in Skill Building Services, Studies/M&E Services, and Strategic Projects on Innovations. These service modules work together to deliver comprehensive livelihood support—financial inclusion consulting paired with institutional capacity building, skill development advisory, and research/evaluation—to rural poor households, small farmers, women, and microentrepreneurs. The group also operates distinct subsidiary companies with their own brands: BASIX Krishi Samruddhi Limited (BKSL) for agricultural extension and agri-value chain services; BASIX Municipal Waste Venture Limited (BMWV) for solid waste management; BASIX Academy for Building Lifelong Employability Limited (B-ABLE) for vocational training; Sub-K IMPACT Solutions Limited for digital last-mile financial services; Indian Grameen Services (IGS) for action research and livelihood pilots; and the Institute of Livelihood Research and Training (ILRT) for academic research and capacity building. Additionally, BASIX has developed proprietary technology products including Banksoft (core banking solution) and Delhix Nano ERP (nano ERP for MFIs/NBFCs), as well as the BASIX Farmer Market Platform for agricultural market linkages.
Differentiator
Problem solved
Functional benefit
Products and services
- IFS – Inclusive Financial Services (Consulting & Pilot Projects)
Quantifiable outcome
- Served over 52 lakh credit customers and 95 lakh insurance customers
- +3 more outcomes
Companies that use BASIX
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles4 records
BASIX technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
BASIX partnerships and signals
Strategic signalPartnerships
34 partnerships are on record, tiered core and minor.
- Participatory Microfinance Group for Africa (PAMIGA)corePartnership for microfinance development across African regions, supporting financial inclusion initiatives in the continent
- Microfinance et Development (MIFED), CamerooncoreCollaboration for microfinance institution development and capacity building in Cameroon
- Association of Ethiopian Microfinance Institutions (AEMFI)corePartnership for microfinance development and technology roadmap for Ethiopian MFIs
- GAPI, AfricacoreSupport for microfinance institution development in Mozambique through UNCDF partnership
- INAFI Bangladesh FoundationcoreSouth Asian network partnership for inclusive finance across the region
- Nirdhan Utthan Bank Limited (NUBL), NepalcoreDevelopment of agricultural-based financial products and business model for the bank
- Centre for Microfinance, NepalcoreResearch and development partnership for microfinance in Nepal
- SANASA Insurance Company, Sri LankacoreFeasibility study for indexed crop insurance replication in Sri Lanka
- TUBA RAI METIN, Timor LestecoreMicrofinance development partnership in Timor-Leste
- Cambodia Microfinance AssociationcoreSoutheast Asian microfinance network partnership
- Vietnam Microfinance Working GroupcoreCapacity building support to licensed MFIs in Vietnam
- Alliance for Micro Finance in MyanmarcorePartnership for microfinance institution development and saving-led financial services in Myanmar
- Centre for Excellence in Financial Inclusion, Papua New GuineacorePacific region partnership for financial inclusion excellence
- Asia-Pacific Rural and Agricultural Credit Association (APRACA)coreRegional partnership for agricultural credit development and case studies on agri-value chain financing
- NIMSME, HyderabadminorNational Institute for MSMEs partnership for small enterprise development
- Micro Insurance AcademyminorPartnership for microinsurance product development and implementation
- Weather Risk Management Services Ltd.minorPartnership for weather index-based crop insurance solutions
- Micro-ensureminorPartnership for microinsurance products and distribution
- Grant ThorntonminorPartnership for monitoring framework development and computerized MIS for PSIG Programme
- DeloitteminorConsulting partnership for development sector projects
- All State Financial Services Private LimitedminorFinancial services distribution partnership
- Sathguru Management ConsultantsminorDevelopment consulting partnership for agriculture and livelihood projects
- Sa-DhancoreCo-founded by Vijay Mahajan, the national association of microfinance institutions in India
- Cornell UniversitycoreResearch partner for index-based livestock insurance adaptations and innovations for Ethiopia
- Madhya Pradesh State Rural Livelihoods Mission (MPSRLM)coreState government partner for digital financial inclusion and advisory services
- Maharashtra State Rural Livelihoods Mission (MSRLM)coreState government partner for value chain development and agricultural interventions
- Chhattisgarh State Rural Livelihood Mission (CGSRLM)coreState government partner for agri value chain project implementation
- Assam State Rural Livelihoods MissioncoreState government partner for digital financial inclusion under DAY-NRLM
- Bihar Rural Livelihoods Promotion Society (BRLPS)coreState government partner for Bank Sakhi programme strengthening under NRETP
- Uttar Pradesh State Rural Livelihood Mission (UPSRLM)coreState government partner for commodity-based agri-value chain development
- Himachal Pradesh Horticulture DepartmentcoreState government partner for FPO formation and common service centre establishment
- Andhra Pradesh Horticulture DepartmentcoreState government partner for FPO promotion and strengthening
- PNG Microfinance LtdcorePacific partner for core banking solutions implementation, Banksoft AMC, and institutional development advisory
- BASICS LimitedcoreParent holding company - Sub-K is an investee company providing digital financial services
Scale indicators19 records
Recent moves6 records
Expansion highlights5 records
BASIX competitors and assessment
Company assessmentDirect peers
- Intellecap: India-headquartered impact advisory firm advising development finance institutions, governments and social enterprises on financial inclusion, clean energy and livelihoods. Comparable as a strategic-innovation and advisory peer to BASIX's Strategic Projects on Innovations module.
- PRADAN: Rural livelihood-promotion NGO also founded by Vijay Mahajan in 1983, working with low-income rural households on agriculture, NRM and livelihoods across India. Operates in the same donor and government programme ecosystem as BASIX and serves overlapping customer segments.
- ACCESS Development Services: Indian livelihood-promotion organization providing technical assistance, capacity building and advisory in financial inclusion, FPO promotion and skill development. Closest Indian peer to BASIX's IFS and IDS service modules, with shared state-government and multilateral client relationships.
- Grameen Foundation: Global non-profit that builds digital financial-inclusion products and supports MFIs across Asia, Africa and the Americas. Closest international peer to BASIX Group's microfinance technology (BankSoft/Delhix) and livelihood-promotion mission.
- MicroSave Consulting (MSC): Global financial-inclusion consulting firm that advises banks, MFIs, fintechs and policymakers on inclusive finance strategy, digital BC models and customer research. Directly comparable to BASIX's Inclusive Financial Services consulting practice and Sub-K business-correspondent work.
- CSC eGovernance Services India: Government-anchored common service centre network delivering digital and financial services (banking correspondence, insurance, pensions) to rural India at scale. Direct operational competitor and sibling model to BASIX's Sub-K business-correspondent platform.
Broad incumbents
- Spandana Sphoorty Financial: Listed Indian microfinance institution serving rural and semi-urban borrowers through joint-liability group lending. Comparable in scale and microfinance customer base to BASIX's historic BSFL loan book (Rs 18B peak) and current Sub-K BC-routed portfolio.
- NABARD: India's apex development finance institution for agriculture and rural development; principal funder of SHG-bank linkage and FPO programmes BASIX works in. Comparable as a partner/funder with overlapping client-side policy and institutional development mandates.
- National Skill Development Corporation (NSDC): Public-private umbrella entity that funds and trains India's skilling ecosystem through Sector Skill Councils and training partners. Directly comparable as the broader-scale counterpart to BASIX's B-ABLE skilling subsidiary.
Others
- Sa-Dhan: National association of community-based MFIs in India, co-founded by Vijay Mahajan in 1998. Closely connected to BASIX as an ecosystem/industry-body partner and comparable as the leading MFI self-regulatory organisation serving the same constituency.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
BASIX social profiles
Digital presenceBASIX financial estimates
Financial estimateRevenue estimate
Valuation estimate
BASIX leadership team
Management profileNumber of profiles
Profiles11 records
BASIX subsidiaries and ownership
Company hierarchySubsidiaries7 records
BASIX funding detail
Funding detailFunding overview
Funding rounds1 record
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BASIX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BASIX
What does BASIX do?
BASIX (Bhartiya Samruddhi Investments and Consulting Services Limited) provides consulting and technical assistance services for livelihood promotion, including Inclusive Financial Services (IFS) consulting, Institutional Development Services (IDS) for FPOs and SHGs, skill building consulting, studies and M&E services, and strategic innovation projects. The group operates a portfolio of subsidiaries delivering agricultural extension, solid waste management, vocational training, and digital last-mile banking services for underserved rural communities.
Is BASIX a public or private company?
BASIX is a private company. It is classified as venture growth investor backed and is currently operating.
When was BASIX founded?
BASIX was founded in 1996. It employs 101 to 250 people.
Where is BASIX based?
BASIX is headquartered in Hyderabad, India, in the Asia region.
How does BASIX make money?
Four revenue lines are on record. Consulting and Technical Assistance Services are the primary driver. The others are business Correspondence Services, solid Waste Management Services and agriculture Extension and Value Chain Services.
Who are BASIX's main competitors?
Direct peers on record are Intellecap, PRADAN, ACCESS Development Services, Grameen Foundation, MicroSave Consulting (MSC) and CSC eGovernance Services India. Broad incumbents are Spandana Sphoorty Financial, NABARD and National Skill Development Corporation (NSDC). Sa-Dhan is listed as an others.
Does BASIX have an API?
No public API is recorded for BASIX.
What industry is BASIX in?
BASIX's product category is Financial Inclusion Consulting and Livelihood Promotion Services. Its primary akta.pro industry code is BPAGABAL, Infrastructure, Housing & Community Development, with a secondary code of BPADACAJ, Private Sector & Blended Finance Arms (IFC-type). Its NAICS code is 54161 and its SIC code is 8742.