

Mangal Credit And Fincorp Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 19.56 Cr
- Company Age 63 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 125.15 Cr
- Satisfied Charges ₹ 8.22 Cr
- Revenue Growth 54.56%
- Profit Growth 30.12%
- Ebitda 46.37%
- Net Worth 5.68%
- Total Assets 47.43%
About Mangal Credit And Fincorp
Mangal Credit And Fincorp Limited (MCAFL) was founded in India on 29 December 1961 and has a glorious history of 63 years and two months. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 505850.
The Corporate was formerly known as Tak Machinery And Leasing 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 25.00 Cr and a paid-up capital of Rs 19.56 Cr.
The company currently has active open charges totaling ₹125.15 Cr. The company has closed loans amounting to ₹8.22 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mangal Credit And Fincorp Limited India are Nilesh Jain as CFO and Chirag Parmar as Company Secretary. Sriram Sankaranarayanan, Vineeta Patel, Hardik Jain, and Five other members 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
L65990MH1961PLC012227
- Company No.
012227
- Stock Symbol
BSE : 505850
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Dec 1961
- Date of AGM
25 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Mangal Credit And Fincorp?
Executive Team (3)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Nilesh Jain | CFO | 30-Oct-2021 | Current |
Chirag Parmar | Company Secretary | 17-Nov-2023 | Current |
Meghraj Jain ![]() | Managing Director | 14-Aug-2013 | Current |
Board Members (7)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Vineeta Patel ![]() | Director | 10-Jan-2024 | Current |
Sriram Sankaranarayanan ![]() | Director | 11-Nov-2020 | Current |
Ramanathan Annamalai ![]() | Director | 06-Jul-2018 | Current |
Nilesh Jain ![]() | Director | 30-Oct-2021 | Current |
Hardik Jain ![]() | Director | 10-Jan-2024 | Current |
Sujan Sinha ![]() | Director | 11-Nov-2020 | Current |
Financial Performance of Mangal Credit And Fincorp.
Mangal Credit And Fincorp Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 54.56% increase. The company also saw a substantial improvement in profitability, with a 30.12% increase in profit. The company's net worth moved up by a moderate rise of 5.68%.


- Key Matrics
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What is the Ownership and Shareholding Structure of Mangal Credit And Fincorp?
In 2022, Mangal Credit And Fincorp had a promoter holding of 62.36% and a public holding of 37.64%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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Charges (Loans)
₹125.15 Cr
₹8.22 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 30.00 Cr
- Indian Overseas Bank : 25.00 Cr
- Others : 20.00 Cr
- City Union Bank Limited : 20.00 Cr
- The South Indian Bank Limited : 15.00 Cr
- Others : 15.15 Cr
Latest Charge Details
Date | Lender | Amount | Status |
---|---|---|---|
30 Mar 2024 | Indian Overseas Bank | ₹25.00 Cr | Open |
29 Dec 2023 | Others | ₹10.00 Cr | Open |
21 Aug 2023 | The Catholic Syrian Bank Ltd | ₹15.00 Cr | Open |
25 Aug 2022 | State Bank Of India | ₹30.00 Cr | Open |
13 Aug 2021 | City Union Bank Limited | ₹20.00 Cr | Open |
How Many Employees Work at Mangal Credit And Fincorp?
Mangal Credit And Fincorp has a workforce of 53 employees as of Mar 27, 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 Mangal Credit And Fincorp, 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 Mangal Credit And Fincorp'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 Mangal Credit And Fincorp
Recent activity within the organization
- Annual General Meeting
Mangal Credit And Fincorp Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 21 Feb 2023 via Charge ID 100733922 with Others was fully satisfied on 12 Apr 2024.
- Balance Sheet
Mangal Credit And Fincorp Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge with Indian Overseas Bank amounted to Rs. 25.00 Cr with Charge ID 100898595 was registered on 30 Mar 2024.
- Charges
A charge with Others of Rs. 2.25 Cr registered on 21 Feb 2023 with Charge ID 100733922 was modified on 11 Mar 2024.
- Director Appointment
Vineeta Piyush Patel was appointed as a Director was appointed as a Director on 10 Jan 2024 & has been associated with this company since 1 year 2 months .
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Mangal Credit And Fincorp Limited?
Mangal Credit And Fincorp Limited was incorporated on 29 Dec 1961.
What is authorized share capital and paid-up capital of Mangal Credit And Fincorp Limited?
The authorized share capital of Mangal Credit And Fincorp Limited is ₹ 25.00 Cr and paid-up capital is ₹ 19.56 Cr.
Who are the current board members & directors of Mangal Credit And Fincorp Limited?
Currently 10 directors are associated with Mangal Credit And Fincorp Limited.
- Sriram Sankaranarayanan
- Vineeta Piyush Patel
- Hardik Meghraj Jain
- Nilesh Jain
- Nilesh Jain
- Chirag Narendra Parmar
- Ramanathan Annamalai
- Sujan Sinha
- Subramanyam Ganesh
- Meghraj Sohanlal Jain
What is the registered address of Mangal Credit And Fincorp Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mangal Credit And Fincorp Limited is 1701/1702 17Th Flr. 'A' Wing Lotus Corporate Park Western Express Highway, Goregaon (E) India, Mumbai, Maharashtra, 400063.
What is the corporate identification number (CIN) and company number of Mangal Credit And Fincorp Limited?
The corporate identification number (CIN) of Mangal Credit And Fincorp Limited is L65990MH1961PLC012227 and the company number is 012227 as per Ministry of Corporate Affairs (MCA).
Is Mangal Credit And Fincorp Limited registered with any stock exchange in India?
Yes, Mangal Credit And Fincorp Limited is registered on Bombay Stock Exchange (BSE).
What is the official website of Mangal Credit And Fincorp Limited?
The Official website of Mangal Credit And Fincorp Limited is https://www.mangalfincorp.com
What has been the recent revenue trend for Mangal Credit And Fincorp Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mangal Credit And Fincorp Limited has risen by 54.56%.
How many employees does Mangal Credit And Fincorp Limited currently have?
As Per 2023 financial reports, 53 employees are currently employed by Mangal Credit And Fincorp Limited.
What change has been observed in the net worth of Mangal Credit And Fincorp Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mangal Credit And Fincorp Limited has experienced an upsurge of 5.68%.
What are the total open charges for Mangal Credit And Fincorp Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Mangal Credit And Fincorp Limited amount to ₹ 125.15 Cr.
When was the last Balance Sheet of Mangal Credit And Fincorp Limited filed with the ROC?
The most recent Balance Sheet for Mangal Credit And Fincorp Limited was filed with the ROC on 31 Mar 2024.
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