Bharat Financial Inclusion Profile
Key Indicators
- Authorised Capital ₹ 60.00 Cr
- Paid Up Capital ₹ 43.70 Cr
- Company Age 6 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth 6.03%
- Profit Growth -73.50%
- Ebitda -46.87%
- Net Worth 14.16%
- Total Assets 25.69%
About Bharat Financial Inclusion
Bharat Financial Inclusion Limited (BFIL) is a Public Limited Indian Non-Government Company incorporated in India on 06 August 2018 (Six years and seven months 1 days old ). Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Bharat Financial Inclusions 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 March 2024. It's a company limited by shares with an authorized capital of Rs 60.00 Cr and a paid-up capital of Rs 43.70 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Bharat Financial Inclusion Limited India are Vijay Ramprakash as CFO and Viraigari Reddy as Company Secretary. Sumant Kathpalia, Vivek Bajpeyi, Anil Rao, and Four other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65999MH2018PLC312539
- Company No.
312539
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
06 Aug 2018
- Date of AGM
16 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Who are the key members and board of directors at Bharat Financial Inclusion?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijay Ramprakash  | CFO | 17-Jan-2023 | Current |
| Viraigari Reddy | Company Secretary | 16-Aug-2019 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sumant Kathpalia | Director | 14-Apr-2020 | Current |
| Vivek Bajpeyi | Director | 08-Sep-2023 | Current |
| Anil Rao | Director | 24-Nov-2022 | Current |
| Kandikuppa Subrahmanyam | Director | 02-Dec-2021 | Current |
| Sanjeev Anand | Director | 06-Aug-2018 | Current |
| Jayaraman Sridharan | Whole-Time Director | 02-Dec-2021 | Current |
Financial Performance of Bharat Financial Inclusion.
Bharat Financial Inclusion Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 6.03% increase. The company also saw a substantial fall in profitability, with a 73.5% decrease in profit. The company's net worth Soared by an impressive increase of 14.16%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Bharat Financial Inclusion?
In 2023, Bharat Financial Inclusion had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Samhita Community Development ServicesSanjeev Anand is a mutual person
Cashpor Micro CreditSanjeev Anand is a mutual person
Indusind Bank Ltd.Sumant Kathpalia and Jayant Deshmukh are mutual person
Paranda Bhoom Agro Producer Company LimitedJayant Deshmukh is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Bharat Financial Inclusion?
Bharat Financial Inclusion has a workforce of 38310 employees as of Apr 07, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Bharat Financial Inclusion, 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 Bharat Financial Inclusion's trajectory.
Rating
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
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 Bharat Financial Inclusion
Recent activity within the organization
- Annual General Meeting
Bharat Financial Inclusion Limited last Annual general meeting of members was held on 16 Jul 2024 as per latest MCA records.
- Balance Sheet
Bharat Financial Inclusion Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Vivek Bajpeyi was appointed as a Director was appointed as a Director on 08 Sep 2023 & has been associated with this company since 1 year 5 months .
- Director Appointment
Anil Marco Rao was appointed as a Director was appointed as a Director on 24 Nov 2022 & has been associated with this company since 2 years 3 months .
- Director Appointment
Kandikuppa Subrahmanyam was appointed as a Director was appointed as a Director on 02 Dec 2021 & has been associated with this company since 3 years 3 months .
- Director Appointment
Jayaraman Sridharan was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 02 Dec 2021 & has been associated with this company since 3 years 3 months .
Recent News, Updates & Announcement
- Bharat Financial looks to reduce cost with digital loan processing system.
The roll-out of the technology relies on a three-step process -- Aadhar-based and online customer documentation process, credit bureau authentication and e-signing..
- What The IndusInd-Bharat Financial Combine Looks Like.
IndusInd Bank will complete its merger with Bharat Financial Inclusion by July 4..
- IndusInd Bank fixes 4 July as date for merger with Bharat Financial Inclusion | Mint.
M R Rao, current CEO of BFIL, will become the CEO of IndusInd Financial Inclusion.Assets and liabilities of BFIL will be merged with IndusInd's balance sheet.
Frequently asked questions
What is the Incorporation or founding date of Bharat Financial Inclusion Limited?
Bharat Financial Inclusion Limited was incorporated on 06 Aug 2018.
What is authorized share capital and paid-up capital of Bharat Financial Inclusion Limited?
The authorized share capital of Bharat Financial Inclusion Limited is ₹ 60.00 Cr and paid-up capital is ₹ 43.70 Cr.
Who are the current board members & directors of Bharat Financial Inclusion Limited?
Currently 9 directors are associated with Bharat Financial Inclusion Limited.
- Sumant Kathpalia
- Vivek Bajpeyi
- Anil Marco Rao
- Kandikuppa Subrahmanyam
- Sanjeev Anand
- Jayaraman Sridharan
- Vijay Dube Ramprakash
- Viraigari Ravi Kumar Reddy
- Jayant Vasudeo Deshmukh
What is the registered address of Bharat Financial Inclusion Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Bharat Financial Inclusion Limited is One World Centre Tower 1 Floor 8 841 Senapati Bapat Marg, Elphinstone India, Mumbai, Maharashtra, 400013.
What is the corporate identification number (CIN) and company number of Bharat Financial Inclusion Limited?
The corporate identification number (CIN) of Bharat Financial Inclusion Limited is U65999MH2018PLC312539 and the company number is 312539 as per Ministry of Corporate Affairs (MCA).
What is the official website of Bharat Financial Inclusion Limited?
The Official website of Bharat Financial Inclusion Limited is https://www.bfil.co.in
What has been the recent revenue trend for Bharat Financial Inclusion Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Bharat Financial Inclusion Limited has risen by 6.03%.
How many employees does Bharat Financial Inclusion Limited currently have?
As Per 2023 financial reports, 38310 employees are currently employed by Bharat Financial Inclusion Limited.
What change has been observed in the net worth of Bharat Financial Inclusion Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Bharat Financial Inclusion Limited has experienced an upsurge of 14.16%.
When was the last Balance Sheet of Bharat Financial Inclusion Limited filed with the ROC?
The most recent Balance Sheet for Bharat Financial Inclusion Limited was filed with the ROC on 31 Mar 2024.
People also Viewed
Suhail ChanderDirector
Akila KrishnakumarDirectorRS
Romesh SobtiDirectorRM
Ramachandra MadapatiDirectorSM
Sanjay MallikDirectorAD
Ashish DamaniWholetime Director and Cfo(Kmp)SS
Shalabh SaxenaManaging Director and Ceo(Kmp)MR
Meyyappan RamaswamyAdditional Director
Similar Companies Based on Diversified Financial Services
Fidelity Business Services India Private Limited Bangaluru, Karnataka, India
Darashaw & Company Private Limited Mumbai, Maharashtra, India
Reliance Industrial Investments And Holdings Limited Ahmedabad, Gujarat, India
Tipsons Financial Services Private Limited Ahmedabad, Gujarat, India- Tipsons Consultancy Services Private Limited Ahmedabad, Gujarat, India
Anmol Finsec Limited Ahmedabad, Gujarat, India
Micro Labs Limited Bangaluru, Karnataka, India