About
Basic Data Updated:
1 month agoBhartiya Micro Credit, a microfinance company based in Lucknow, is currently engaged in providing financial services to individuals in need. According to a recent credit rating report, BMC's operations are spread across 10 States/UTs including UP, Uttarakhand, Madhya Pradesh, Delhi, Maharashtra, Andaman & Nicobar Islands, Bihar, Gujarat, Punjab, and Daman & Diu. With a total of 1.80 lakhs active borrowers and an Asset under Management (AUM) of Rs. 269 Crores, BMC has established itself as a leading player in the microfinance industry. BMC's success can be attributed to its unique approach of following the Joint Liability Group (JLG) model for its operations. Under this model, borrowers are organized into groups of 8-20 members, with each group forming a center. This allows BMC to efficiently manage its operations and provide loans of up to Rs. 20,000 to individual members within the group (JLG). The primary focus of BMC is to cater to the financial needs of rural and urban women from low-income families. These women often come from poor or moderately poor households and are in need of financial assistance to improve their standard of living.
Industry
Company Details
- Location
Lucknow, Uttar Pradesh, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U65992UP2008NPL034486 |
| Company No. | 034486 |
| Company Classification | Private Not For Profit Company |
| Incorporation Date | 17 Jan 2008 |
| Date of AGM | 28 Sep 2018 |
| Date of Balance Sheet | 31 Mar 2018 |
| Listing Status | Unlisted |
| ROC Code | Roc Kanpur |
Financials of Bhartiya Micro Credit
Bhartiya Micro Credit, for the financial year ended 2018, experienced significant growth in revenue, with a 44.58% increase. The company also saw a substantial improvement in profitability, with a 36.18% increase in profit. The company's net worth Soared by an impressive increase of 44.99%.
Corporate Structure
Unlock access to Bhartiya Micro Credit's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Bhartiya Micro Credit
Unlock and access historical data on people associated with Bhartiya Micro Credit, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (1)
VP
Vijay Pandey
Managing DirectorAppointment Date: 17-Jan-2008
Status: Current
Board Members(2)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 05 Jun 2019 | ₹3.00 Cr | Open |
Others Creation Date: 08 Mar 2019 | ₹3.00 Cr | Open |
Others Creation Date: 06 Feb 2019 | ₹5.00 Cr | Open |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Bhartiya Micro Credit, 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 Bhartiya Micro Credit'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.
Alert
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.
Related Corporates (Common Directorship)
Bhartiya Maya Credit Services Private Limited
Active
5 years 3 months Vijay Pandey is a mutual person
Recent activity within the organization
Charges
A charge with Others of Rs. 10.00 cr registered on 26 Sep 2018 with Charge ID 100214271 was modified on 16 Dec 2022.
16 Dec 2022Charges
A charge with Others amounted to Rs. 3.00 cr with Charge ID 100271280 was registered on 05 Jun 2019.
05 Jun 2019Charges
A charge with Others amounted to Rs. 3.00 cr with Charge ID 100250105 was registered on 08 Mar 2019.
08 Mar 2019Charges
A charge with Others amounted to Rs. 5.00 cr with Charge ID 100239729 was registered on 06 Feb 2019.
06 Feb 2019Charges
A charge with Others amounted to Rs. 8.00 cr with Charge ID 100224187 was registered on 29 Nov 2018.
29 Nov 2018
Frequently asked questions
What is the Incorporation or founding date of Bhartiya Micro Credit?
_PRIVATE_LIMITED.webp){kind=small}
