Innovative Microfinance For Poverty Alleviation And Community Transformation

Empowers women through microfinance and training, with 9 branches nationwide.

2004 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 07, 2024

Innovative Microfinance For Poverty Alleviation And Community Transformation Profile

Key Indicators

  • Paid Up Capital ₹ 4.28 Cr
  • Company Age 20 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.00 Cr
  • Satisfied Charges ₹ 66.39 Cr
  • Revenue Growth -21.35%
  • Profit Growth -342.72%
  • Ebitda -83.49%
  • Net Worth -23.15%
  • Total Assets -19.19%

About Innovative Microfinance For Poverty Alleviation And Community Transformation

Innovative Microfinance For Poverty Alleviation And Community Transformation (IMFPAACT) is a leading Public Not For Profit Company incorporated in India on 15 March 2004 and has a history of 20 years and ten months. Its registered office is in Chennai, Tamil Nadu, 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 2024. It's a company limited by shares with an authorized capital of Rs 0.00 and a paid-up capital of Rs 4.28 Cr.

The company currently has active open charges totaling ₹1.00 Cr. The company has closed loans amounting to ₹66.39 Cr, as per Ministry of Corporate Affairs (MCA) records.

Aiswarya Rao, Elyanger Aier, Lisha John, and Five other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65999TN2004NPL052754

  • Company No.

    052754

  • Company Classification

    Public Not For Profit Company

  • Incorporation Date

    15 Mar 2004

  • Date of AGM

    25 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Innovative Microfinance For Poverty Alleviation And Community Transformation?

Board Members (8)

Name Designation Appointment Date Status
Aiswarya Rao Country flag representing In Director 25-Sep-2024 Current
Elyanger Aier Country flag representing In Director 29-Mar-2023 Current
Lisha John Country flag representing In Director 26-Aug-2017 Current
Madhav Bellamkonda Country flag representing In Director 08-Sep-2020 Current
Benita Nangia Country flag representing In Director 11-Mar-2021 Current
Abey Abraham Director 29-Mar-2023 Current

Financial Performance of Innovative Microfinance For Poverty Alleviation And Community Transformation.

Innovative Microfinance For Poverty Alleviation And Community Transformation, for the financial year ended 2021, experienced significant reduction in revenue, with a 21.35% decrease. The company also saw a substantial fall in profitability, with a 342.72% decrease in profit. The company's net worth observed a substantial decline by a decrease of 23.15%.

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
-21.35%
Revenue from Operations
-25.78%
Total Assets
-19.19%
Profit or Loss
-342.72%
Net Worth
-23.15%
EBITDA
-83.49%

What is the Ownership and Shareholding Structure of Innovative Microfinance For Poverty Alleviation And Community Transformation?

Unlock access to Innovative Microfinance For Poverty Alleviation And Community Transformation's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹10,000,000.00

Satisfied Charges

₹663,900,000.00

Charges Breakdown by Lending Institutions

  • Others : 1.00 Cr

Latest Charge Details

Date Lender Amount Status
22 Apr 2016 Others ₹1.00 Cr Open
07 Mar 2020 Others ₹1.50 Cr Satisfied
20 Mar 2019 State Bank Of India ₹5.00 Cr Satisfied
12 Mar 2019 Idbi Bank Limited ₹5.00 Cr Satisfied
20 Jul 2016 Others ₹6.58 Cr Satisfied

How Many Employees Work at Innovative Microfinance For Poverty Alleviation And Community Transformation?

Innovative Microfinance For Poverty Alleviation And Community Transformation has a workforce of 11 employees as of Apr 05, 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 Innovative Microfinance For Poverty Alleviation And Community Transformation, 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 Innovative Microfinance For Poverty Alleviation And Community Transformation'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 Innovative Microfinance For Poverty Alleviation And Community Transformation

Recent activity within the organization

  • Annual General Meeting

    Innovative Microfinance For Poverty Alleviation And Community Transformation last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.

    25 Sep 2024

  • Director Appointment

    Aiswarya Rajyalaxmi Rao was appointed as a Director was appointed as a Director on 25 Sep 2024 & has been associated with this company since 4 months 7 days .

    25 Sep 2024

  • Director Appointment

    Sushmita Bandopadhyay was appointed as a Director was appointed as a Director on 25 Sep 2024 & has been associated with this company since 4 months 7 days .

    25 Sep 2024

  • Balance Sheet

    Innovative Microfinance For Poverty Alleviation And Community Transformation has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Director Appointment

    Stanislas Vivian Rajkumar was appointed as a Director was appointed as a Director on 28 Feb 2024 & has been associated with this company since 11 months 3 days .

    28 Feb 2024

  • Charges

    A charge registered on 07 Mar 2020 via Charge ID 100337884 with Others was fully satisfied on 17 Oct 2023.

    17 Oct 2023

Frequently asked questions

  • Innovative Microfinance For Poverty Alleviation And Community Transformation was incorporated on 15 Mar 2004.

  • The authorized share capital of Innovative Microfinance For Poverty Alleviation And Community Transformation is ₹ 0.00 and paid-up capital is ₹ 4.28 Cr.

  • Currently 8 directors are associated with Innovative Microfinance For Poverty Alleviation And Community Transformation.

    • Aiswarya Rajyalaxmi Rao
    • Elyanger Aier
    • Lisha John
    • Madhav Durga Bellamkonda
    • Benita Grace Paul Nangia
    • Abey Abraham
    • Stanislas Vivian Rajkumar
    • Sushmita Bandopadhyay
  • As per Ministry of Corporate Affairs (Mca), the registered address of Innovative Microfinance For Poverty Alleviation And Community Transformation is 3/2 Ground Floor, Pookar Street India, Chennai City Corporation, Tamil Nadu, 600026.

  • The corporate identification number (CIN) of Innovative Microfinance For Poverty Alleviation And Community Transformation is U65999TN2004NPL052754 and the company number is 052754 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Innovative Microfinance For Poverty Alleviation And Community Transformation is https://www.impact-mfi.in

  • According to the financial reports for the fiscal year 2021, the revenue trend for Innovative Microfinance For Poverty Alleviation And Community Transformation has fallen by -21.35%.

  • As Per 2021 financial reports, 11 employees are currently employed by Innovative Microfinance For Poverty Alleviation And Community Transformation.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Innovative Microfinance For Poverty Alleviation And Community Transformation has experienced an downturn of -23.15%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Innovative Microfinance For Poverty Alleviation And Community Transformation amount to ₹ 1.00 Cr.

  • The most recent Balance Sheet for Innovative Microfinance For Poverty Alleviation And Community Transformation was filed with the ROC on 31 Mar 2024.

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