Growing Opportunity Finance (India) Private Limited

Microfinance organization empowering working-class population through loans, services, and training.

2006 | Egmore Nungambakkam, Tamil Nadu (India) | Active
Last Updated:

Growing Opportunity Finance (India) Profile

Key Indicators

  • Authorised Capital ₹ 50.00 Cr
  • Paid Up Capital ₹ 5.01 Cr
  • Company Age 19 Year, 17 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 30.00 Cr
  • Satisfied Charges ₹ 729.32 Cr
  • Revenue Growth -72.54%
  • Profit Growth -25.10%
  • Ebitda -973.45%
  • Net Worth -28.94%
  • Total Assets -75.33%

About Growing Opportunity Finance (India)

Growing Opportunity Finance (India) Private Limited (GOFIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 February 2006 and has a history of 19 years. Its registered office is in Egmore Nungambakkam, Tamil Nadu.

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 50.00 Cr and a paid-up capital of Rs 5.01 Cr.

The company currently has active open charges totaling ₹30.00 Cr. The company has closed loans amounting to ₹729.32 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Growing Opportunity Finance (India) Private Limited India is James Moses as CEO. Manas Bid and Johshy Tewes serve as directors at the Company.

Company Details

  • Location Egmore Nungambakkam, Tamil Nadu
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    gopportunity.net

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U70200TN2006PTC058885

  • Company No.

    058885

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    16 Feb 2006

  • Date of AGM

    08 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 Growing Opportunity Finance (India)?

Executive Team (1)

NameDesignationAppointment DateStatus
James Moses CEO16-Jun-2021Current

Board Members (2)

NameDesignationAppointment DateStatus
Manas Bid Country flag representing In Nominee Director 28-Apr-2023Current
Johshy Tewes Country flag representing In Director 16-Feb-2006Current

Financial Performance of Growing Opportunity Finance (India).

Growing Opportunity Finance (India) Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 72.54% decrease. The company also saw a substantial fall in profitability, with a 25.1% decrease in profit. The company's net worth observed a substantial decline by a decrease of 28.94%.

Growing Opportunity Finance (India) revenue growth over time
Growing Opportunity Finance (India) 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
-72.54%
Revenue from Operations
-72.38%
Total Assets
-75.33%
Profit or Loss
-25.10%
Net Worth
-28.94%
EBITDA
-973.45%

What is the Ownership and Shareholding Structure of Growing Opportunity Finance (India)?

In 2023, Growing Opportunity Finance (India) had a promoter holding of 0.20% and a public holding of 99.80%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹30.00 Cr

Satisfied Charges

₹729.32 Cr

Charges Breakdown by Lending Institutions

  • Others : 30.00 Cr

Latest Charge Details

DateLenderAmountStatus
12 Aug 2020Others₹5.00 CrOpen
03 Mar 2020Others₹8.00 CrOpen
27 Feb 2020Others₹3.00 CrOpen
16 Dec 2019Others₹2.00 CrOpen
04 Nov 2019Others₹3.00 CrOpen

How Many Employees Work at Growing Opportunity Finance (India)?

Growing Opportunity Finance (India) has a workforce of 206 employees as of Mar 29, 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 Growing Opportunity Finance (India) Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Growing Opportunity Finance (India), 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 Growing Opportunity Finance (India)'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 Growing Opportunity Finance (India)

Recent activity within the organization

  • Annual General Meeting

    Growing Opportunity Finance (India) Private Limited last Annual general meeting of members was held on 08 Sep 2023 as per latest MCA records.

  • Charges

    A charge registered on 01 Oct 2020 via Charge ID 100378319 with Others was fully satisfied on 06 Jun 2023.

  • Charges

    A charge registered on 03 Dec 2019 via Charge ID 100304515 with Others was fully satisfied on 02 Jun 2023.

  • Charges

    A charge registered on 22 Mar 2018 via Charge ID 100162889 with Others was fully satisfied on 02 Jun 2023.

  • Charges

    A charge registered on 27 Feb 2018 via Charge ID 100161574 with Others was fully satisfied on 02 Jun 2023.

  • Charges

    A charge registered on 31 Oct 2019 via Charge ID 100303846 with Others was fully satisfied on 29 May 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Growing Opportunity Finance (India) Private Limited?

    Growing Opportunity Finance (India) Private Limited was incorporated on 16 Feb 2006.

  • What is authorized share capital and paid-up capital of Growing Opportunity Finance (India) Private Limited?

    The authorized share capital of Growing Opportunity Finance (India) Private Limited is ₹ 50.00 Cr and paid-up capital is ₹ 5.01 Cr.

  • Who are the current board members & directors of Growing Opportunity Finance (India) Private Limited?

    Currently 3 directors are associated with Growing Opportunity Finance (India) Private Limited.

    • Manas Kumar Bid
    • Johshy Tewes
    • James Jeevaraj Moses
  • What is the registered address of Growing Opportunity Finance (India) Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Growing Opportunity Finance (India) Private Limited is 13 6Th Cross Street Collectorate Colony, Aminjikarai India, Egmore Nungambakkam, Tamil Nadu, 600029.

  • What is the corporate identification number (CIN) and company number of Growing Opportunity Finance (India) Private Limited?

    The corporate identification number (CIN) of Growing Opportunity Finance (India) Private Limited is U70200TN2006PTC058885 and the company number is 058885 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Growing Opportunity Finance (India) Private Limited?

    The Official website of Growing Opportunity Finance (India) Private Limited is https://www.gopportunity.net

  • What has been the recent revenue trend for Growing Opportunity Finance (India) Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Growing Opportunity Finance (India) Private Limited has fallen by -72.54%.

  • How many employees does Growing Opportunity Finance (India) Private Limited currently have?

    As Per 2023 financial reports, 206 employees are currently employed by Growing Opportunity Finance (India) Private Limited.

  • What change has been observed in the net worth of Growing Opportunity Finance (India) Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Growing Opportunity Finance (India) Private Limited has experienced an downturn of -28.94%.

  • What are the total open charges for Growing Opportunity Finance (India) Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Growing Opportunity Finance (India) Private Limited amount to ₹ 30.00 Cr.

  • When was the last Balance Sheet of Growing Opportunity Finance (India) Private Limited filed with the ROC?

    The most recent Balance Sheet for Growing Opportunity Finance (India) Private Limited was filed with the ROC on 31 Mar 2023.

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