Inditrade Microfinance Profile
Key Indicators
- Authorised Capital ₹ 59.00 Cr
- Paid Up Capital ₹ 57.06 Cr
- Company Age 9 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 179.75 Cr
- Satisfied Charges ₹ 488.60 Cr
- Revenue Growth -12.68%
- Profit Growth -1615.69%
- Ebitda -78.12%
- Net Worth -29.51%
- Total Assets -42.32%
About Inditrade Microfinance
Inditrade Microfinance Limited (IML) is a Public Limited Indian Non-Government Company incorporated in India on 29 January 2016 (Nine years and two months 17 days old ). Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Tree Microfinance 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 59.00 Cr and a paid-up capital of Rs 57.06 Cr.
The company currently has active open charges totaling ₹179.75 Cr. The company has closed loans amounting to ₹488.60 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Inditrade Microfinance Limited India are Aniruddha Badkatte as Company Secretary, Biju Sreeramachandran as Cfo, and Rajendra Thote as Ceo. Vijay Chugh, Kerachan Somasekharan, Subroto Chattopadhyay, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U67190MH2016PLC306585
- Company No.
306585
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Jan 2016
- Date of AGM
07 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Inditrade Microfinance Limited
Explore comprehensive data for Inditrade Microfinance Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Inditrade Microfinance?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Aniruddha Badkatte  | Company Secretary | 30-Sep-2024 | Current |
| Biju Sreeramachandran | CFO | 03-Sep-2024 | Current |
| Rajendra Thote | CEO | 22-Aug-2022 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vijay Chugh | Director | 03-May-2018 | Current |
| Subroto Chattopadhyay | Director | 03-May-2018 | Current |
| Kerachan Somasekharan | Director | 19-May-2016 | Current |
| Jhuma Guha | Director | 02-Nov-2017 | Current |
Financial Performance of Inditrade Microfinance.
Inditrade Microfinance Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 12.68% decrease. The company also saw a substantial fall in profitability, with a 1615.69% decrease in profit. The company's net worth observed a substantial decline by a decrease of 29.51%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Inditrade Microfinance?
In 2024, Inditrade Microfinance had a promoter holding of 60.56% and a public holding of 39.44%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Peninsula Publications And Studio Private LimitedSubroto Chattopadhyay is a mutual person
Arka Fincap LimitedVijay Chugh is a mutual person
Ags Transact Technologies LimitedJhuma Guha is a mutual person
- Inditrade Technologies Limited
Aniruddha Badkatte and Jhuma Guha are mutual person
- Inditrade Capital Limited
Biju Sreeramachandran, Kerachan Somasekharan and 1 more are mutual person
- Inditrade Fincorp Limited
Vijay Chugh, Kerachan Somasekharan and 1 more are mutual person
Charges (Loans)
Open Charges
₹179.75 Cr
Satisfied Charges
₹488.60 Cr
Charges Breakdown by Lending Institutions
- Others : 69.75 Cr
- Sidbi : 25.00 Cr
- Indian Overseas Bank : 25.00 Cr
- Indian Bank : 20.00 Cr
- Canara Bank : 15.00 Cr
- Others : 25.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2024 | Others | ₹3.75 Cr | Open |
| 27 Feb 2023 | Others | ₹3.00 Cr | Open |
| 20 Sep 2022 | Others | ₹5.00 Cr | Open |
| 29 Mar 2022 | Others | ₹10.00 Cr | Open |
| 10 Feb 2022 | Others | ₹20.00 Cr | Open |
How Many Employees Work at Inditrade Microfinance?
Inditrade Microfinance has a workforce of 955 employees as of Apr 07, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Inditrade Microfinance, 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 Inditrade Microfinance'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.
Alerts
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 Inditrade Microfinance
Recent activity within the organization
- Director Appointment
Aniruddha Shridhar Badkatte was appointed as a Company Secretary was appointed as a Company Secretary on 30 Sep 2024 & has been associated with this company since 6 months 15 days .
- Director Appointment
Biju Sreeramachandran was appointed as a Cfo was appointed as a Cfo on 03 Sep 2024 & has been associated with this company since 7 months 11 days .
- Annual General Meeting
Inditrade Microfinance Limited last Annual general meeting of members was held on 07 Aug 2024 as per latest MCA records.
- Charges
A charge registered on 19 Jul 2021 via Charge ID 100460222 with State Bank Of India was fully satisfied on 15 Jul 2024.
- Charges
A charge registered on 12 May 2021 via Charge ID 100448183 with Dhanlaxmi Bank Limited was fully satisfied on 08 Jul 2024.
- Charges
A charge registered on 28 Mar 2022 via Charge ID 100550691 with Others was fully satisfied on 11 Jun 2024.
Recent News, Updates & Announcement
- Inditrade and Robocash Group launch microlending operations in India.
Following the MoU signed last year, the financial companies Inditrade Capital and Robocash Group have launched an online service for short-term consumer lending in India..
- Inditrade to script JV with Robocash for payday loans.
The JV company will begin with Rs 20 crore paid-up equity and both partners will raise their investment subsequently..
Frequently asked questions
What is the Incorporation or founding date of Inditrade Microfinance Limited?
Inditrade Microfinance Limited was incorporated on 29 Jan 2016.
What is authorized share capital and paid-up capital of Inditrade Microfinance Limited?
The authorized share capital of Inditrade Microfinance Limited is ₹ 59.00 Cr and paid-up capital is ₹ 57.06 Cr.
Who are the current board members & directors of Inditrade Microfinance Limited?
Currently 7 directors are associated with Inditrade Microfinance Limited.
- Aniruddha Shridhar Badkatte
- Biju Sreeramachandran
- Rajendra Krishnarao Thote
- Vijay Chugh
- Kerachan Ayyappan Somasekharan
- Subroto Chattopadhyay
- Jhuma Guha
What is the registered address of Inditrade Microfinance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Inditrade Microfinance Limited is T-7C 5Th Floor Phoenix House Senapati Bapat Marg, Lower Parel India, Mumbai, Maharashtra, 400013.
What is the corporate identification number (CIN) and company number of Inditrade Microfinance Limited?
The corporate identification number (CIN) of Inditrade Microfinance Limited is U67190MH2016PLC306585 and the company number is 306585 as per Ministry of Corporate Affairs (MCA).
What is the official website of Inditrade Microfinance Limited?
The Official website of Inditrade Microfinance Limited is https://www.inditrade.com
What has been the recent revenue trend for Inditrade Microfinance Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Inditrade Microfinance Limited has fallen by -12.68%.
How many employees does Inditrade Microfinance Limited currently have?
As Per 2023 financial reports, 955 employees are currently employed by Inditrade Microfinance Limited.
What change has been observed in the net worth of Inditrade Microfinance Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Inditrade Microfinance Limited has experienced an downturn of -29.51%.
What are the total open charges for Inditrade Microfinance Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Inditrade Microfinance Limited amount to ₹ 179.75 Cr.
When was the last Balance Sheet of Inditrade Microfinance Limited filed with the ROC?
The most recent Balance Sheet for Inditrade Microfinance Limited was filed with the ROC on 31 Mar 2024.
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