Kuber Kanak Microfinance Association

Empowering rural women through financial services and linking them to buyers for increased earning potential.

2016 | Lucknow, Uttar Pradesh (India) | Active
Last Updated: December 09, 2024

Kuber Kanak Microfinance Association Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 2.50 Cr
  • Company Age 8 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 5.00 M
  • Satisfied Charges ₹ 7.40 M
  • Revenue Growth 22.93%
  • Profit Growth 3.14%
  • Ebitda 46.29%
  • Net Worth 0.97%
  • Total Assets 12.47%

About Kuber Kanak Microfinance Association

Kuber Kanak Microfinance Association (KKMA) is a registered startup operating as a Private Not For Profit Company incorporated in India on 19 February 2016 (Eight years and 11 months 25 days old ). Its registered office is in Lucknow, Uttar Pradesh, 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 2023. It's a company limited by shares with an authorized capital of Rs 3.00 Cr and a paid-up capital of Rs 2.50 Cr.

The company currently has active open charges totaling ₹5.00 M. The company has closed loans amounting to ₹7.40 M, as per Ministry of Corporate Affairs (MCA) records.

Prity Agarwal, Rohit Drolia, Abhik Mitra, and One other member serve as directors at the Company.

Company Details

  • Location

    Lucknow, Uttar Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    kuberkanak.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65923UP2016NPL076688

  • Company No.

    076688

  • Company Classification

    Private Not For Profit Company

  • Incorporation Date

    19 Feb 2016

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kanpur

Industry

Financial Services

Who are the key members and board of directors at Kuber Kanak Microfinance Association?

Board Members (4)

Name Designation Appointment Date Status
Rohit Drolia Country flag representing In Director 11-Jan-2021 Current
Abhik Mitra Country flag representing In Additional Director 11-Jun-2019 Current
Prity Agarwal Country flag representing In Additional Director 11-Jun-2019 Current
Somnath Sen Country flag representing In Additional Director 11-Jun-2019 Current

Financial Performance of Kuber Kanak Microfinance Association.

Kuber Kanak Microfinance Association, for the financial year ended 2023, experienced significant growth in revenue, with a 22.93% increase. The company also saw a slight improvement in profitability, with a 3.14% increase in profit. The company's net worth moved up by a moderate rise of 0.97%.

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
22.93%
Revenue from Operations
23.46%
Total Assets
12.47%
Profit or Loss
3.14%
Net Worth
0.97%
EBITDA
46.29%

What is the Ownership and Shareholding Structure of Kuber Kanak Microfinance Association?

In 2023, Kuber Kanak Microfinance Association had a promoter holding of 26.43% and a public holding of 73.57%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.50 Cr

Satisfied Charges

₹0.74 Cr

Charges Breakdown by Lending Institutions

  • Others : 0.50 Cr

Latest Charge Details

Date Lender Amount Status
25 May 2022 Others ₹5.00 M Open
21 Jan 2019 State Bank Of India ₹2.40 M Satisfied
03 Sep 2018 Others ₹1.00 M Satisfied
08 Jan 2018 Others ₹4.00 M Satisfied

How Many Employees Work at Kuber Kanak Microfinance Association?

Unlock and access historical data on people associated with Kuber Kanak Microfinance Association, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Kuber Kanak Microfinance Association, 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 Kuber Kanak Microfinance Association'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 Kuber Kanak Microfinance Association

Recent activity within the organization

  • Annual General Meeting

    Kuber Kanak Microfinance Association last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Kuber Kanak Microfinance Association has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kanpur.

    31 Mar 2023

  • Charges

    A charge registered on 21 Jan 2019 via Charge ID 100237649 with State Bank Of India was fully satisfied on 18 Aug 2022.

    18 Aug 2022

  • Charges

    A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100579165 was registered on 25 May 2022.

    25 May 2022

  • Director Appointment

    Rohit Drolia was appointed as a Director was appointed as a Director on 11 Jan 2021 & has been associated with this company since 4 years 1 month .

    11 Jan 2021

  • Charges

    A charge registered on 08 Jan 2018 via Charge ID 100152551 with Others was fully satisfied on 06 Feb 2020.

    06 Feb 2020

Frequently asked questions

  • Kuber Kanak Microfinance Association was incorporated on 19 Feb 2016.

  • The authorized share capital of Kuber Kanak Microfinance Association is ₹ 3.00 Cr and paid-up capital is ₹ 2.50 Cr.

  • Currently 4 directors are associated with Kuber Kanak Microfinance Association.

    • Prity Agarwal
    • Rohit Drolia
    • Abhik Mitra
    • Somnath Sen
  • As per Ministry of Corporate Affairs (Mca), the registered address of Kuber Kanak Microfinance Association is 4/488 Vibhav Khand Gomti Nagar India, Lucknow, Uttar Pradesh, 226010.

  • The corporate identification number (CIN) of Kuber Kanak Microfinance Association is U65923UP2016NPL076688 and the company number is 076688 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Kuber Kanak Microfinance Association is https://www.kuberkanak.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Kuber Kanak Microfinance Association has risen by 22.93%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Kuber Kanak Microfinance Association has experienced an upsurge of 0.97%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Kuber Kanak Microfinance Association amount to ₹ 5.00 M.

  • The most recent Balance Sheet for Kuber Kanak Microfinance Association was filed with the ROC on 31 Mar 2023.

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