BASIX is a new generation livelihood promotion institution established in 1996, working with over 436,807 households in 70 districts in the states of Andhra Pradesh, Karnataka, Tamil Nadu, Orissa, Jharkhand, Maharashtra,Madhya Pradesh, Rajasthan, Bihar, Chattisgarh, West Bengal, Delhi and Assam.

Its mission is to promote a large number of sustainable livelihoods, including for the rural poor and women, through the provision of financial services and technical assistance in an integrated manner. BASIX will strive to yield a competitive rate of return to its investors so as to be able to access mainstream capital and human resources on a continuous basis.

In pursuit of its complex mission, BASIX has had to experiment and innovate constantly.

This complexity is reflected in the corporate structure of BASIX, which comprises a range of companies to address a diverse set of tasks. 

• Bhartiya Samruddhi Investments and Consulting Services Ltd (BASICS Ltd), the holding company, through which equity and debt investments are made in the group companies:
  
  
• Bhartiya Samruddhi Finance Ltd (Samruddhi), an RBI registered NBFC, owned by major financial institutions and engaged in micro-credit and retailing insurance and providing technical assistance services to some of its borrowers.
   
• Krishna Bhima Samruddhi Local Area Bank Ltd, an RBI licensed bank providing micro-credit and savings services in three districts.
   
• Indian Grameen Services (IGS), a section 25, not-for-profit company engaged in research and development and training related to livelihoods.
   
• Sarvodaya Nano Finance Ltd (Sarvodaya), an RBI registered NBFC, owned by women’s self-help groups, and managed by BASICS Ltd.