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: October 23, 2024

Commonwealth Inclusive Growth Services Profile

Key Indicators

  • Authorised Capital ₹ 40.00 Cr
  • Paid Up Capital ₹ 31.30 Cr
  • Company Age 17 Year, 11 Days
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 1.50 Cr
  • Revenue Growth -9.16%
  • Profit Growth -29.67%
  • Ebitda -24.30%
  • Net Worth 18.28%
  • Total Assets 14.33%

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. 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 2023. 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. Prabal Thiagarajan, Ramamurthy Suresh, Krishnan Vanamamalai, and Four 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 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

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

Executive Team (3)

Name Designation Appointment Date Status
Vasudevan Nagarajan Country flag representing In Company Secretary Current
Kondath Sasikumar CFO Current
Mahesh Ramachandran Country flag representing In Managing Director 21-Jan-2008 Current

Board Members (6)

Name Designation Appointment Date Status
Ramamurthy Suresh Country flag representing In Director 27-May-2020 Current
Sattanathapuram Venkataraman Country flag representing In Director 30-Sep-2022 Current
Krishnan Vanamamalai Country flag representing In Director 31-Jul-2009 Current
Prabal Thiagarajan Country flag representing In Director 23-Feb-2015 Current
Mohan Kaul Country flag representing Gb Director 25-May-2009 Current
Suresh Ramachandran Country flag representing In Director 08-Aug-2014 Current

Financial Performance of Commonwealth Inclusive Growth Services.

Commonwealth Inclusive Growth Services Limited., for the financial year ended 2023, experienced Minor drop in revenue, with a 9.16% decrease. The company also saw a substantial fall in profitability, with a 29.67% decrease in profit. The company's net worth Soared by an impressive increase of 18.28%.

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
-9.16%
Revenue from Operations
-9.25%
Total Assets
14.33%
Profit or Loss
-29.67%
Net Worth
18.28%
EBITDA
-24.30%

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

In 2023, Commonwealth Inclusive Growth Services had a promoter holding of 49.12% and a public holding of 50.88%. 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

Date Lender Amount Status
27 Apr 2017 Hdfc Bank Limited ₹1.50 Cr Satisfied

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.

Graph showing employee growth trends

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 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Commonwealth Inclusive Growth Services Limited. has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Charges

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

    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 4 months .

    30 Sep 2022

  • Director Appointment

    Ramamurthy Suresh was appointed as a Director was appointed as a Director on 27 May 2020 & has been associated with this company since 4 years 8 months .

    27 May 2020

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.50 Cr with Charge ID 100099009 was registered on 27 Apr 2017.

    27 Apr 2017

Frequently asked questions

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

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

  • Currently 9 directors are associated with Commonwealth Inclusive Growth Services Limited..

    • Vasudevan Nagarajan
    • Kondath Sasikumar
    • Prabal Kumari Thiagarajan
    • Ramamurthy Suresh
    • Krishnan Trichy Vanamamalai
    • Mohan Lal Kaul
    • Mahesh Ramachandran
    • Suresh Thanjavur Ramachandran
    • Sattanathapuram Krishnamurthy Venkataraman
  • 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.

  • 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).

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

  • According to the financial reports for the fiscal year 2023, the revenue trend for Commonwealth Inclusive Growth Services Limited. has fallen by -9.16%.

  • As Per 2023 financial reports, 119 employees are currently employed by Commonwealth Inclusive Growth Services Limited..

  • The financial reports for the fiscal year 2023 indicates that The net worth of Commonwealth Inclusive Growth Services Limited. has experienced an upsurge of 18.28%.

  • The most recent Balance Sheet for Commonwealth Inclusive Growth Services Limited. was filed with the ROC on 31 Mar 2023.

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