Agora Microfinance India Limited

NBFC providing tailored financial solutions to Mumbai's entrepreneurial slum population since 1996.

1996 | Mahape Navi Mumbai, Maharashtra (India) | Active
Last Updated: July 25, 2024

Agora Microfinance India Profile

Key Indicators

  • Authorised Capital ₹ 22.00 Cr
  • Paid Up Capital ₹ 21.03 Cr
  • Company Age 28 Year, 8 Months
  • Last Filing with ROC 31 Dec 2023
  • Satisfied Charges ₹ 121.50 Cr
  • Revenue Growth 70.44%
  • Profit Growth 359.44%
  • Ebitda 126.76%
  • Net Worth 97.92%
  • Total Assets 31.75%

About Agora Microfinance India

Agora Microfinance India Limited (AMIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 31 May 1996 and has a history of 28 years and eight months. Its registered office is in Mahape Navi Mumbai, Maharashtra, India.

The Corporate was formerly known as Jagdhan Finance And Investment Limited. The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 December 2023. It's a company limited by shares with an authorized capital of Rs 22.00 Cr and a paid-up capital of Rs 21.03 Cr.

The company has closed loans amounting to ₹121.50 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Agora Microfinance India Limited India are Chandini Patel as COMPANY SECRETARY and Manoj Naval as Ceo. Frances Sinha, Asit Mehta, Tanmay Chetan, and One other member serve as directors at the Company.

Company Details

  • Location

    Mahape Navi Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65921MH1996PLC240921

  • Company No.

    240921

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    31 May 1996

  • Date of AGM

    15 May 2024

  • Date of Balance Sheet

    31 Dec 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Agora Microfinance India?

Executive Team (2)

Name Designation Appointment Date Status
Chandini Patel Company Secretary Current
Manoj Naval Country flag representing In CEO 01-Apr-2020 Current

Board Members (4)

Name Designation Appointment Date Status
Pradeep Sarin Country flag representing In Director 15-Sep-2017 Current
Asit Mehta Country flag representing In Director 26-Jun-2014 Current
Frances Sinha Country flag representing In Director 22-Mar-2019 Current
Tanmay Chetan Country flag representing Gb Nominee Director 01-Nov-2011 Current

Financial Performance of Agora Microfinance India.

Agora Microfinance India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 70.44% increase. The company also saw a substantial improvement in profitability, with a 359.44% increase in profit. The company's net worth Soared by an impressive increase of 97.92%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
70.44%
Revenue from Operations
76.52%
Total Assets
31.75%
Profit or Loss
359.44%
Net Worth
97.92%
EBITDA
126.76%

What is the Ownership and Shareholding Structure of Agora Microfinance India?

In 2022, Agora Microfinance India had a promoter holding of 99.57% and a public holding of 0.43%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹121.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 95.75 Cr
  • Mas Financial Services Limited : 16.25 Cr
  • Axis Bank Limited : 3.50 Cr
  • Reliance Capital Ltd : 3.50 Cr
  • Ananya Finance For Inclusive Growth Private Limited : 1.50 Cr
  • Others : 1.00 Cr

Latest Charge Details

Date Lender Amount Status
05 Feb 2021 Others ₹1.00 Cr Satisfied
29 Sep 2020 Others ₹2.50 M Satisfied
09 Mar 2020 Others ₹3.00 Cr Satisfied
18 Feb 2020 Others ₹3.00 Cr Satisfied
21 Jan 2020 Others ₹2.00 Cr Satisfied

How Many Employees Work at Agora Microfinance India?

Agora Microfinance India has a workforce of 111 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Agora Microfinance India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Agora Microfinance India's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Agora Microfinance India

Recent activity within the organization

  • Annual General Meeting

    Agora Microfinance India Limited last Annual general meeting of members was held on 15 May 2024 as per latest MCA records.

    15 May 2024

  • Balance Sheet

    Agora Microfinance India Limited has filed its annual Financial statements for the year ended 31 Dec 2023 with Roc Mumbai.

    31 Dec 2023

  • Charges

    A charge registered on 31 May 2019 via Charge ID 100270550 with Others was fully satisfied on 02 Nov 2022.

    02 Nov 2022

  • Charges

    A charge registered on 29 Sep 2020 via Charge ID 100419368 with Others was fully satisfied on 11 Oct 2022.

    11 Oct 2022

  • Charges

    A charge registered on 12 Apr 2017 via Charge ID 100097594 with Axis Bank Limited was fully satisfied on 29 Jul 2022.

    29 Jul 2022

  • Charges

    A charge registered on 18 Feb 2020 via Charge ID 100331879 with Others was fully satisfied on 17 Jul 2022.

    17 Jul 2022

Recent News, Updates & Announcement

Frequently asked questions

  • Agora Microfinance India Limited was incorporated on 31 May 1996.

  • The authorized share capital of Agora Microfinance India Limited is ₹ 22.00 Cr and paid-up capital is ₹ 21.03 Cr.

  • Currently 6 directors are associated with Agora Microfinance India Limited.

    • Frances Mary Elizabeth Sinha
    • Asit Prabhudas Mehta
    • Tanmay Chetan
    • Pradeep Narinder Sarin
    • Chandini Mansukh Patel
    • Manoj Naval
  • As per Ministry of Corporate Affairs (Mca), the registered address of Agora Microfinance India Limited is Off No. 404 Wing-A 4Th Floor Technocitypremises Co-Op. Soc Ltd Plot No. X-4/1 & X-4/2, Shillphata, Mahape Navi Mumbai, Maharashtra, India, 400709.

  • The corporate identification number (CIN) of Agora Microfinance India Limited is U65921MH1996PLC240921 and the company number is 240921 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Agora Microfinance India Limited is https://www.amil.co.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for Agora Microfinance India Limited has risen by 70.44%.

  • As Per 2023 financial reports, 111 employees are currently employed by Agora Microfinance India Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Agora Microfinance India Limited has experienced an upsurge of 97.92%.

  • The most recent Balance Sheet for Agora Microfinance India Limited was filed with the ROC on 31 Dec 2023.

Similar Companies Based on NBFC