Magalir Micro Capital Private Limited

NBFC-MFI providing microfinance loans and financial services since 2015 in Chennai, Tamil Nadu.

2015 | Tirunelveli, Tamil Nadu (India) | Active
Last Updated:

Magalir Micro Capital Profile

Key Indicators

  • Authorised Capital ₹ 55.00 Cr
  • Paid Up Capital ₹ 43.85 Cr
  • Company Age 9 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 329.83 Cr
  • Satisfied Charges ₹ 359.92 Cr
  • Revenue Growth 11.37%
  • Profit Growth 174.48%
  • Ebitda 13.12%
  • Net Worth 23.42%
  • Total Assets 2.09%

About Magalir Micro Capital

Magalir Micro Capital Private Limited (MMCPL) is a Private Limited Indian Non-Government Company incorporated in India on 26 August 2015 (Nine years and seven months 2 days old ). Its registered office is in Tirunelveli, Tamil Nadu, India.

The Corporate was formerly known as Magalir Micro Finance Pvt Ltd. 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 55.00 Cr and a paid-up capital of Rs 43.85 Cr.

The company currently has active open charges totaling ₹329.83 Cr. The company has closed loans amounting to ₹359.92 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Magalir Micro Capital Private Limited India is Neelakantan Subramonian as COMPANY SECRETARY. Ramanathan Annamalai, Seena Rajan, Nagaraja Venkataramaniya, and Four other members serve as directors at the Company.

Company Details

  • Location

    Tirunelveli, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65923TN2015PTC101965

  • Company No.

    101965

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Aug 2015

  • Date of AGM

    10 Aug 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 Magalir Micro Capital?

Executive Team (2)

NameDesignationAppointment DateStatus
Neelakantan Subramonian Country flag representing In Company Secretary16-Dec-2019Current
Fathurabbani Sadiq Country flag representing In Managing Director26-Aug-2015Current

Board Members (6)

NameDesignationAppointment DateStatus
Ramanathan Annamalai Country flag representing In Director 31-Mar-2020Current
Seena Rajan Country flag representing In Director 26-Aug-2015Current
Nagaraja Venkataramaniya Country flag representing In Director 31-Mar-2021Current
Subramanian Ramakrishnan Country flag representing In Director 28-Apr-2017Current
Seyadrabbani Fathurabbani Country flag representing In Director 17-Apr-2017Current
Seyadu Mohamed Country flag representing In Director 28-Apr-2017Current

Financial Performance of Magalir Micro Capital.

Magalir Micro Capital Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.37% increase. The company also saw a substantial improvement in profitability, with a 174.48% increase in profit. The company's net worth Soared by an impressive increase of 23.42%.

Magalir Micro Capital revenue growth over time
Magalir Micro Capital 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
11.37%
Revenue from Operations
11.43%
Total Assets
2.09%
Profit or Loss
174.48%
Net Worth
23.42%
EBITDA
13.12%

What is the Ownership and Shareholding Structure of Magalir Micro Capital?

In 2023, Magalir Micro Capital had a promoter holding of 60.65% and a public holding of 39.35%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹329.83 Cr

Satisfied Charges

₹359.92 Cr

Charges Breakdown by Lending Institutions

  • Others : 164.75 Cr
  • Indian Overseas Bank : 80.00 Cr
  • State Bank Of India : 50.00 Cr
  • Tamilnad Mercantile Bank Limited : 30.00 Cr
  • The South Indian Bank Limited : 5.00 Cr
  • Others : 0.08 Cr

Latest Charge Details

DateLenderAmountStatus
13 Nov 2024Tamilnad Mercantile Bank Limited₹10.00 CrOpen
04 Nov 2024Others₹10.00 CrOpen
29 Apr 2024Others₹10.00 CrOpen
29 Mar 2024Others₹4.00 CrOpen
27 Mar 2024Others₹5.00 CrOpen

How Many Employees Work at Magalir Micro Capital?

Magalir Micro Capital has a workforce of 482 employees as of Mar 21, 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 Magalir Micro Capital Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Magalir Micro Capital, 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 Magalir Micro Capital'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 Magalir Micro Capital

Recent activity within the organization

  • Charges

    A charge registered on 29 Dec 2022 via Charge ID 100661903 with Others was fully satisfied on 17 Feb 2025.

  • Charges

    A charge registered on 29 Dec 2022 via Charge ID 100661908 with Others was fully satisfied on 17 Feb 2025.

  • Charges

    A charge registered on 29 Dec 2022 via Charge ID 100661915 with Others was fully satisfied on 17 Feb 2025.

  • Charges

    A charge registered on 30 Jun 2023 via Charge ID 100745702 with Others was fully satisfied on 15 Jan 2025.

  • Charges

    A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 10.00 Cr with Charge ID 101009171 was registered on 13 Nov 2024.

  • Charges

    A charge registered on 29 Jan 2024 via Charge ID 100860406 with Others was fully satisfied on 11 Nov 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Magalir Micro Capital Private Limited?

    Magalir Micro Capital Private Limited was incorporated on 26 Aug 2015.

  • What is authorized share capital and paid-up capital of Magalir Micro Capital Private Limited?

    The authorized share capital of Magalir Micro Capital Private Limited is ₹ 55.00 Cr and paid-up capital is ₹ 43.85 Cr.

  • Who are the current board members & directors of Magalir Micro Capital Private Limited?

    Currently 8 directors are associated with Magalir Micro Capital Private Limited.

    • Ramanathan Annamalai
    • Neelakantan Subramonian
    • Seena Cheppala Rajan
    • Nagaraja Venkataramaniya
    • Subramanian Ramakrishnan
    • Seyadrabbani Fathurabbani
    • Seyadu Abdul Kareem Naina Mohamed
    • Fathurabbani Sadiq

  • What is the registered address of Magalir Micro Capital Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Magalir Micro Capital Private Limited is No.1D 3Rd Floor Noor Sait Plaza Near New Bus Stand Thiruvananthapuram Road, India, Palayamkottai, Tamil Nadu, 627002.

  • What is the corporate identification number (CIN) and company number of Magalir Micro Capital Private Limited?

    The corporate identification number (CIN) of Magalir Micro Capital Private Limited is U65923TN2015PTC101965 and the company number is 101965 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Magalir Micro Capital Private Limited?

    The Official website of Magalir Micro Capital Private Limited is https://www.magalir.net

  • What has been the recent revenue trend for Magalir Micro Capital Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Magalir Micro Capital Private Limited has risen by 11.37%.

  • How many employees does Magalir Micro Capital Private Limited currently have?

    As Per 2023 financial reports, 482 employees are currently employed by Magalir Micro Capital Private Limited.

  • What change has been observed in the net worth of Magalir Micro Capital Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Magalir Micro Capital Private Limited has experienced an upsurge of 23.42%.

  • What are the total open charges for Magalir Micro Capital Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Magalir Micro Capital Private Limited amount to ₹ 329.83 Cr.

  • When was the last Balance Sheet of Magalir Micro Capital Private Limited filed with the ROC?

    The most recent Balance Sheet for Magalir Micro Capital Private Limited was filed with the ROC on 31 Mar 2024.

People also Viewed