Commonwealth Inclusive Growth Services Limited.

Financial services company using technology to bank the unbanked and underbanked segments of society.

2008 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Commonwealth Inclusive Growth Services Profile

Key Indicators

  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 31.30 Cr
  • Company Age 17 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 1.50 Cr
  • Revenue Growth 0.48%
  • Profit Growth 47.97%
  • Ebitda 50.35%
  • Net Worth 4.20%
  • Total Assets -4.24%

About Commonwealth Inclusive Growth Services

Commonwealth Inclusive Growth Services Limited. (CIGSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 January 2008 and has a history of 17 years and two months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Emerging Techinnovations 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 40.00 Cr and a paid-up capital of Rs 31.30 Cr.

The company has closed loans amounting to ₹1.50 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Commonwealth Inclusive Growth Services Limited. India are Vasudevan Nagarajan as COMPANY SECRETARY and Kondath Sasikumar as Cfo. Sattanathapuram Venkataraman, Mohan Kaul, Ramamurthy Suresh, and Two other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65920TN2008PLC066120

  • Company No.

    066120

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 Jan 2008

  • Date of AGM

    29 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services
Company report

Commonwealth Inclusive Growth Services Limited.

Explore comprehensive data for Commonwealth Inclusive Growth Services Limited., including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Commonwealth Inclusive Growth Services?

Executive Team (3)

NameDesignationAppointment DateStatus
Vasudevan Nagarajan Country flag representing In Company Secretary01-Sep-2021Current
Kondath Sasikumar CFO31-Dec-2014Current
Mahesh Ramachandran Country flag representing In Managing Director21-Jan-2008Current

Board Members (4)

NameDesignationAppointment DateStatus
Swaminathan Periaswamy Country flag representing In Whole-Time Director 22-Aug-2024Current
Ramamurthy Suresh Country flag representing In Director 27-May-2020Current
Sattanathapuram Venkataraman Country flag representing In Director 30-Sep-2022Current
Mohan Kaul Country flag representing Gb Director 15-Apr-2020Current

Financial Performance of Commonwealth Inclusive Growth Services.

Commonwealth Inclusive Growth Services Limited., for the financial year ended 2024, experienced modest growth in revenue, with a 0.48% increase. The company also saw a substantial improvement in profitability, with a 47.97% increase in profit. The company's net worth moved up by a moderate rise of 4.2%.

Commonwealth Inclusive Growth Services revenue growth over time
Commonwealth Inclusive Growth Services 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
0.48%
Revenue from Operations
0.95%
Total Assets
-4.24%
Profit or Loss
47.97%
Net Worth
4.20%
EBITDA
50.35%

What is the Ownership and Shareholding Structure of Commonwealth Inclusive Growth Services?

In 2024, Commonwealth Inclusive Growth Services had a promoter holding of 48.83% and a public holding of 51.17%. The company had 1 Subsidiary. 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

₹1.50 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 1.50 Cr

Latest Charge Details

DateLenderAmountStatus
27 Apr 2017Hdfc Bank Limited₹1.50 CrSatisfied

How Many Employees Work at Commonwealth Inclusive Growth Services?

Commonwealth Inclusive Growth Services has a workforce of 119 employees as of Apr 04, 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.

Employee growth trends for Commonwealth Inclusive Growth Services Limited.

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Commonwealth Inclusive Growth Services, 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 Commonwealth Inclusive Growth Services'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 Commonwealth Inclusive Growth Services

Recent activity within the organization

  • Annual General Meeting

    Commonwealth Inclusive Growth Services Limited. last Annual general meeting of members was held on 29 Sep 2024 as per latest MCA records.

  • Director Appointment

    Swaminathan Periaswamy was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 22 Aug 2024 & has been associated with this company since 7 months 21 days .

  • Balance Sheet

    Commonwealth Inclusive Growth Services Limited. has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge registered on 27 Apr 2017 via Charge ID 100099009 with Hdfc Bank Limited was fully satisfied on 31 Oct 2022.

  • Director Appointment

    Sattanathapuram Krishnamurthy Venkataraman was appointed as a Director was appointed as a Director on 30 Sep 2022 & has been associated with this company since 2 years 6 months .

  • Director Appointment

    Vasudevan Nagarajan was appointed as a Company Secretary was appointed as a Company Secretary on 01 Sep 2021 & has been associated with this company since 3 years 7 months .

Frequently asked questions

  • What is the Incorporation or founding date of Commonwealth Inclusive Growth Services Limited.?

    Commonwealth Inclusive Growth Services Limited. was incorporated on 21 Jan 2008.

  • What is authorized share capital and paid-up capital of Commonwealth Inclusive Growth Services Limited.?

    The authorized share capital of Commonwealth Inclusive Growth Services Limited. is ₹ 40.00 Cr and paid-up capital is ₹ 31.30 Cr.

  • Who are the current board members & directors of Commonwealth Inclusive Growth Services Limited.?

    Currently 7 directors are associated with Commonwealth Inclusive Growth Services Limited..

    • Sattanathapuram Krishnamurthy Venkataraman
    • Mohan Lal Kaul
    • Ramamurthy Suresh
    • Swaminathan Periaswamy
    • Vasudevan Nagarajan
    • Kondath Sasikumar
    • Mahesh Ramachandran
  • What is the registered address of Commonwealth Inclusive Growth Services Limited.?

    As per Ministry of Corporate Affairs (Mca), the registered address of Commonwealth Inclusive Growth Services Limited. is No.27 Dr.Ambedkar Road, Kodambakkam India, Chennai, Tamil Nadu, 600024.

  • What is the corporate identification number (CIN) and company number of Commonwealth Inclusive Growth Services Limited.?

    The corporate identification number (CIN) of Commonwealth Inclusive Growth Services Limited. is U65920TN2008PLC066120 and the company number is 066120 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Commonwealth Inclusive Growth Services Limited.?

    The Official website of Commonwealth Inclusive Growth Services Limited. is https://www.cigs.in

  • What has been the recent revenue trend for Commonwealth Inclusive Growth Services Limited.?

    According to the financial reports for the fiscal year 2024, the revenue trend for Commonwealth Inclusive Growth Services Limited. has risen by 0.48%.

  • How many employees does Commonwealth Inclusive Growth Services Limited. currently have?

    As Per 2024 financial reports, 119 employees are currently employed by Commonwealth Inclusive Growth Services Limited..

  • What change has been observed in the net worth of Commonwealth Inclusive Growth Services Limited., and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Commonwealth Inclusive Growth Services Limited. has experienced an upsurge of 4.20%.

  • When was the last Balance Sheet of Commonwealth Inclusive Growth Services Limited. filed with the ROC?

    The most recent Balance Sheet for Commonwealth Inclusive Growth Services Limited. was filed with the ROC on 31 Mar 2024.

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