Micro Finance Development Initiatives Of India

Micro Finance Development Initiatives Of India

Founded in 2003 headquartered in Tamil Nadu, India.
2003 | Chennai, Tamil Nadu (India) | Active

Last Updated:

December 08, 2024
HomeCompanyMicro Finance Development Initiatives Of India

Who are the key members and board of directors at Micro Finance Development Initiatives Of India?

Board Members(3)

NameDesignationAppointment DateStatus
Sulochana Solomon In Director 01-Jan-2003Current
Praveen Joseph In Director 19-Jul-2018Current
Helen Sarojini In Additional Director 02-Feb-2022Current

Financial Performance of Micro Finance Development Initiatives Of India.

Micro Finance Development Initiatives Of India, for the financial year ended 2020, experienced significant reduction in revenue, with a 30.47% decrease. The company also saw a substantial fall in profitability, with a 493.69% decrease in profit. The company's net worth observed a substantial decline by a decrease of 16.4%.

Revenue Growth Graph
Profit Loss Graph
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-30.47%
Revenue from Operations
-70.98%
Total Assets
-3.19%
Profit or Loss
-493.69%
Net Worth
-16.40%
EBITDA
-764.86%

Charges (Loans)

Charges

There are no open charges registered against the company as per our records.

How Many Employees Work at Micro Finance Development Initiatives Of India?

Unlock and access historical data on people associated with Micro Finance Development Initiatives Of India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Graph

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Latest Updates, News, and FAQs on Micro Finance Development Initiatives Of India

Recent activity within the organization

  • Director Appointment

    Helen Vanitha Solomon Sarojini was appointed as a Additional Director was appointed as a Additional Director on 02 Feb 2022 & has been associated with this company since 2 years 11 months .

    02 Feb 2022

  • Annual General Meeting

    Micro Finance Development Initiatives Of India last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.

    30 Nov 2021

  • Balance Sheet

    Micro Finance Development Initiatives Of India has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chennai.

    31 Mar 2021

  • Director Appointment

    Praveen Joseph was appointed as a Director was appointed as a Director on 19 Jul 2018 & has been associated with this company since 6 years 5 months .

    19 Jul 2018

  • Director Appointment

    Sulochana Solomon was appointed as a Director was appointed as a Director on 01 Jan 2003 & has been associated with this company since 22 years 11 days .

    01 Jan 2003

  • Company Incorporation

    Micro Finance Development Initiatives Of India was registered on 01 Jan 2003 with Roc Chennai & aged 22 years 11 days as per MCA records.

    01 Jan 2003

Frequently asked questions

  • Micro Finance Development Initiatives Of India was incorporated on 01 Jan 2003.

  • The authorized share capital of Micro Finance Development Initiatives Of India is ₹ 2.50 M and paid-up capital is ₹ 0.50 M.

  • Currently 3 directors are associated with Micro Finance Development Initiatives Of India.

    • Sulochana Solomon
    • Praveen Joseph
    • Helen Vanitha Solomon Sarojini
  • As per Ministry of Corporate Affairs (Mca), the registered address of Micro Finance Development Initiatives Of India is Joseph Centre 60 Officers Colony 3Rd Street Mehta Nagar, Amainthakarai India, Chennai, Tamil Nadu, 600029.

  • The corporate identification number (CIN) of Micro Finance Development Initiatives Of India is U65999TN2003NPL050129 and the company number is 050129 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2020, the revenue trend for Micro Finance Development Initiatives Of India has fallen by -30.47%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Micro Finance Development Initiatives Of India has experienced an downturn of -16.40%.

  • The most recent Balance Sheet for Micro Finance Development Initiatives Of India was filed with the ROC on 31 Mar 2021.

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