Around 2010 it's NBFC arm raised funds from private equity investors and declared bankruptcy after couple of years.

BASIX is the brand name of a group of companies,[4] which are: To offer agricultural and business development services, such as input supply, training, technical assistance and market linkages, in a cost-effective manner, poor households are organized into groups, informal associations and sometimes cooperatives or producer companies.

BASIX[15] works in 20,000 villages in 106 districts in the states of Telangana, Karnataka, Tamil Nadu, Orissa, Jharkhand, Maharashtra, Madhya Pradesh, Rajasthan, Bihar, Chhattisgarh, West Bengal, Delhi and Assam.

Savings services were provided through KBSLAB, by linking urban BSFL customers with banks or post offices and through Self-help groups in the case of Sarvodaya.

BASIX provided Agriculture/Business Development Services for productivity enhancement, non-insurance risk mitigation, local value addition and market linkages.