Bhartiya Samruddhi Finance Limited

Microfinance company providing financial services to rural customers in India through microcredit and government services.

1996 | New Delhi, Delhi (India) | Active
Last Updated: June 17, 2024

Bhartiya Samruddhi Finance Profile

Key Indicators

  • Authorised Capital ₹ 560.00 Cr
  • Paid Up Capital ₹ 528.09 Cr
  • Company Age 28 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 6.00 Cr
  • Satisfied Charges ₹ 2,809.99 Cr
  • Revenue Growth 68.25%
  • Profit Growth 53.20%
  • Ebitda 29.44%
  • Net Worth -68.08%
  • Total Assets -63.30%

About Bhartiya Samruddhi Finance

Bhartiya Samruddhi Finance Limited (BSFL) is a Public Limited Indian Non-Government Company incorporated in India on 12 August 1996 and has a history of 28 years and five months. Its registered office is in New Delhi, Delhi, India.

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 2023. It's a company limited by shares with an authorized capital of Rs 560.00 Cr and a paid-up capital of Rs 528.09 Cr.

The company currently has active open charges totaling ₹6.00 Cr. The company has closed loans amounting to ₹2,809.99 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Bhartiya Samruddhi Finance Limited India are Jagadeesh Paladi as Cfo, Sattaiah Devarakonda as Ceo, and Neha as Company Secretary. Anoop Kaul, Manmath Dalai, Parthasarathy Bangalore, and Two other members serve as directors at the Company.

Company Details

  • Location

    New Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74899DL1996PLC081127

  • Company No.

    081127

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    12 Aug 1996

  • Date of AGM

    08 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Financial Services

Who are the key members and board of directors at Bhartiya Samruddhi Finance?

Executive Team (3)

Name Designation Appointment Date Status
Jagadeesh Paladi CFO 15-Sep-2023 Current
Sattaiah Devarakonda CEO 29-Jun-2020 Current
Neha Country flag representing In Company Secretary 15-Sep-2023 Current

Board Members (4)

Name Designation Appointment Date Status
Manmath Dalai Country flag representing In Director 18-May-2011 Current
Anoop Kaul Country flag representing In Director 15-Sep-2014 Current
Parthasarathy Bangalore Country flag representing In Director 27-Aug-2018 Current
Trusha Shah Country flag representing In Director 28-May-2021 Current

Financial Performance of Bhartiya Samruddhi Finance.

Bhartiya Samruddhi Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 68.25% increase. The company also saw a substantial improvement in profitability, with a 53.2% increase in profit. The company's net worth observed a substantial decline by a decrease of 68.08%.

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
68.25%
Revenue from Operations
-82.72%
Total Assets
-63.30%
Profit or Loss
53.20%
Net Worth
-68.08%
EBITDA
29.44%

What is the Ownership and Shareholding Structure of Bhartiya Samruddhi Finance?

In 2023, Bhartiya Samruddhi Finance had a promoter holding of 93.05% and a public holding of 6.96%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹6.00 Cr

Satisfied Charges

₹2,809.99 Cr

Charges Breakdown by Lending Institutions

  • Icici Bank Limited : 4.00 Cr
  • Global Trust Bank Limited : 2.00 Cr

Latest Charge Details

Date Lender Amount Status
13 Jun 2000 Icici Bank Limited ₹4.00 Cr Open
20 Mar 1999 Global Trust Bank Limited ₹2.00 Cr Open
26 Sep 2012 Idbi Trusteeship Services Limited ₹182.76 Cr Satisfied
30 Aug 2011 Axis Bank Ltd ₹20.00 Cr Satisfied
31 Mar 2011 Central Bank Of India ₹100.00 Cr Satisfied

How Many Employees Work at Bhartiya Samruddhi Finance?

Bhartiya Samruddhi Finance has a workforce of 3 employees as of Apr 08, 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 Bhartiya Samruddhi Finance, 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 Samruddhi Finance'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 Bhartiya Samruddhi Finance

Recent activity within the organization

  • Annual General Meeting

    Bhartiya Samruddhi Finance Limited last Annual general meeting of members was held on 08 Sep 2023 as per latest MCA records.

    08 Sep 2023

  • Charges

    A charge registered on 18 Jan 2010 via Charge ID 10200875 with Citibank Na was fully satisfied on 28 Apr 2023.

    28 Apr 2023

  • Charges

    A charge registered on 12 Jun 2009 via Charge ID 10165638 with Citibank N.A. was fully satisfied on 28 Apr 2023.

    28 Apr 2023

  • Balance Sheet

    Bhartiya Samruddhi Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

    31 Mar 2023

  • Charges

    A charge registered on 31 Oct 2002 via Charge ID 90062689 with Cordaid was fully satisfied on 29 Mar 2023.

    29 Mar 2023

  • Charges

    A charge registered on 07 Mar 2000 via Charge ID 90061925 with Cordaid was fully satisfied on 29 Mar 2023.

    29 Mar 2023

Frequently asked questions

  • Bhartiya Samruddhi Finance Limited was incorporated on 12 Aug 1996.

  • The authorized share capital of Bhartiya Samruddhi Finance Limited is ₹ 560.00 Cr and paid-up capital is ₹ 528.09 Cr.

  • Currently 8 directors are associated with Bhartiya Samruddhi Finance Limited.

    • Anoop Kaul
    • Manmath Kumar Dalai
    • Parthasarathy Lakshmaiah Bangalore
    • Jagadeesh Kumar Paladi
    • Sattaiah Devarakonda
    • Neha
    • Trusha Deepak Shah
    • Sattaiah Devarakonda
  • As per Ministry of Corporate Affairs (Mca), the registered address of Bhartiya Samruddhi Finance Limited is F-5 Ground Floor Kailash Colony Greater Kailash Part - I, New Delhi, India, 110048.

  • The corporate identification number (CIN) of Bhartiya Samruddhi Finance Limited is U74899DL1996PLC081127 and the company number is 081127 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Bhartiya Samruddhi Finance Limited is https://www.basixindia.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Bhartiya Samruddhi Finance Limited has risen by 68.25%.

  • As Per 2023 financial reports, 3 employees are currently employed by Bhartiya Samruddhi Finance Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Bhartiya Samruddhi Finance Limited has experienced an downturn of -68.08%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Bhartiya Samruddhi Finance Limited amount to ₹ 6.00 Cr.

  • The most recent Balance Sheet for Bhartiya Samruddhi Finance Limited was filed with the ROC on 31 Mar 2023.

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