BASIX

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.

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

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

• Financial inclusion consulting
• Livelihood promotion services
• Microfinance advisory
• Rural development consulting
• Institutional development services

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. 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.
2. 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.
3. Solid Waste Management Services: BMWv provides integrated solid waste management services including doorstep collection, waste sorting, recycling, and composting for municipal corporations.
4. 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

Core 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

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

34 partnerships are on record, tiered core and minor.

• Participatory Microfinance Group for Africa (PAMIGA)coreStrategic or Co-development PartnerPartnership for microfinance development across African regions, supporting financial inclusion initiatives in the continent
• Microfinance et Development (MIFED), CamerooncoreStrategic or Co-development PartnerCollaboration for microfinance institution development and capacity building in Cameroon
• Association of Ethiopian Microfinance Institutions (AEMFI)coreStrategic or Co-development PartnerPartnership for microfinance development and technology roadmap for Ethiopian MFIs
• GAPI, AfricacoreStrategic or Co-development PartnerSupport for microfinance institution development in Mozambique through UNCDF partnership
• INAFI Bangladesh FoundationcoreStrategic or Co-development PartnerSouth Asian network partnership for inclusive finance across the region
• Nirdhan Utthan Bank Limited (NUBL), NepalcoreStrategic or Co-development PartnerDevelopment of agricultural-based financial products and business model for the bank
• Centre for Microfinance, NepalcoreStrategic or Co-development PartnerResearch and development partnership for microfinance in Nepal
• SANASA Insurance Company, Sri LankacoreStrategic or Co-development PartnerFeasibility study for indexed crop insurance replication in Sri Lanka
• TUBA RAI METIN, Timor LestecoreStrategic or Co-development PartnerMicrofinance development partnership in Timor-Leste
• Cambodia Microfinance AssociationcoreStrategic or Co-development PartnerSoutheast Asian microfinance network partnership
• Vietnam Microfinance Working GroupcoreStrategic or Co-development PartnerCapacity building support to licensed MFIs in Vietnam
• Alliance for Micro Finance in MyanmarcoreStrategic or Co-development PartnerPartnership for microfinance institution development and saving-led financial services in Myanmar
• Centre for Excellence in Financial Inclusion, Papua New GuineacoreStrategic or Co-development PartnerPacific region partnership for financial inclusion excellence
• Asia-Pacific Rural and Agricultural Credit Association (APRACA)coreStrategic or Co-development PartnerRegional partnership for agricultural credit development and case studies on agri-value chain financing
• NIMSME, HyderabadminorImplementation/ SI/ Consulting PartnerNational Institute for MSMEs partnership for small enterprise development
• Micro Insurance AcademyminorImplementation/ SI/ Consulting PartnerPartnership for microinsurance product development and implementation
• Weather Risk Management Services Ltd.minorImplementation/ SI/ Consulting PartnerPartnership for weather index-based crop insurance solutions
• Micro-ensureminorImplementation/ SI/ Consulting PartnerPartnership for microinsurance products and distribution
• Grant ThorntonminorImplementation/ SI/ Consulting PartnerPartnership for monitoring framework development and computerized MIS for PSIG Programme
• DeloitteminorImplementation/ SI/ Consulting PartnerConsulting partnership for development sector projects
• All State Financial Services Private LimitedminorChannel Partner/ Reseller/ DistributorFinancial services distribution partnership
• Sathguru Management ConsultantsminorImplementation/ SI/ Consulting PartnerDevelopment consulting partnership for agriculture and livelihood projects
• Sa-DhancoreStrategic or Co-development PartnerCo-founded by Vijay Mahajan, the national association of microfinance institutions in India
• Cornell UniversitycoreStrategic or Co-development PartnerResearch partner for index-based livestock insurance adaptations and innovations for Ethiopia
• Madhya Pradesh State Rural Livelihoods Mission (MPSRLM)coreImplementation/ SI/ Consulting PartnerState government partner for digital financial inclusion and advisory services
• Maharashtra State Rural Livelihoods Mission (MSRLM)coreImplementation/ SI/ Consulting PartnerState government partner for value chain development and agricultural interventions
• Chhattisgarh State Rural Livelihood Mission (CGSRLM)coreImplementation/ SI/ Consulting PartnerState government partner for agri value chain project implementation
• Assam State Rural Livelihoods MissioncoreImplementation/ SI/ Consulting PartnerState government partner for digital financial inclusion under DAY-NRLM
• Bihar Rural Livelihoods Promotion Society (BRLPS)coreImplementation/ SI/ Consulting PartnerState government partner for Bank Sakhi programme strengthening under NRETP
• Uttar Pradesh State Rural Livelihood Mission (UPSRLM)coreImplementation/ SI/ Consulting PartnerState government partner for commodity-based agri-value chain development
• Himachal Pradesh Horticulture DepartmentcoreImplementation/ SI/ Consulting PartnerState government partner for FPO formation and common service centre establishment
• Andhra Pradesh Horticulture DepartmentcoreImplementation/ SI/ Consulting PartnerState government partner for FPO promotion and strengthening
• PNG Microfinance LtdcoreStrategic or Co-development PartnerPacific partner for core banking solutions implementation, Banksoft AMC, and institutional development advisory
• BASICS LimitedcoreStrategic or Co-development PartnerParent holding company - Sub-K is an investee company providing digital financial services

Scale indicators19 records

Recent moves6 records

Expansion highlights5 records

Direct 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

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• Instagraminstagram.com/basics_ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BASIX