With consistent growth and new business lines, Fusion Microfinance adds to the list of investible companies in the sector
A little over half-way through my interview, Devesh Sachdev makes an off-the-cuff remark that speaks wonders for the confidence he has in his business. “Any of my employees would be willing to sign the balance sheet,” says the managing director of Fusion Microfinance. In a finance company this confidence is significant. Over the last decade, there have been numerous instances of fudged numbers by companies, auditors signing off and then resigning, and independent directors resigning when they are uncomfortable with the numbers reported.
In a business with few hard assets, cooking the books is easy, and Sachdev is clear that is a problem Fusion will never face. “I wanted to build a good company. Not [necessarily] a large company,” he says.