Microcredit Foundation Of India

Provides financial services, incorporated in 2002, based in Chennai, India.

2002 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Microcredit Foundation Of India Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 2.00 K
  • Company Age 23 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -63.98%
  • Profit Growth 29.20%
  • Ebitda 37.31%
  • Net Worth -6.99%
  • Total Assets -6.51%

About Microcredit Foundation Of India

Microcredit Foundation Of India (MFOI) is a Private Not For Profit Company incorporated in India on 18 February 2002 and has a history of 23 years and two 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 2023. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 2.00 K , as per Ministry of Corporate Affairs (MCA) records.

Tara Thiagarajan, Singaram Adaikappan, and Narayanan serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65929TN2002NPL048472

  • Company No.

    048472

  • Company Classification

    Private Not For Profit Company

  • Incorporation Date

    18 Feb 2002

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services
Company report

Microcredit Foundation Of India

Explore comprehensive data for Microcredit Foundation Of India, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Microcredit Foundation Of India?

Board Members (3)

NameDesignationAppointment DateStatus
Narayanan Country flag representing In Additional Director 10-Jan-2024Current
Tara Thiagarajan Country flag representing Us Director 30-Sep-2019Current
Singaram Adaikappan Country flag representing In Director 06-Mar-2012Current

Financial Performance of Microcredit Foundation Of India.

Microcredit Foundation Of India, for the financial year ended 2022, experienced significant reduction in revenue, with a 63.98% decrease. The company also saw a substantial improvement in profitability, with a 29.2% increase in profit. The company's net worth dipped by a decrease of 6.99%.

Microcredit Foundation Of India revenue growth over time
Microcredit Foundation Of India 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
-63.98%
Revenue from Operations
Total Assets
-6.51%
Profit or Loss
29.20%
Net Worth
-6.99%
EBITDA
37.31%

What is the Ownership and Shareholding Structure of Microcredit Foundation Of India?

In 2019, Microcredit Foundation Of India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

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

How Many Employees Work at Microcredit Foundation Of India?

Microcredit Foundation Of India has a workforce of 0 employees as of Apr 10, 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 Microcredit Foundation Of India

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Microcredit Foundation Of India, 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 Microcredit Foundation Of India'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 Microcredit Foundation Of India

Recent activity within the organization

  • Director Appointment

    Narayanan was appointed as a Additional Director was appointed as a Additional Director on 10 Jan 2024 & has been associated with this company since 1 year 4 months .

  • Annual General Meeting

    Microcredit Foundation Of India last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Microcredit Foundation Of India has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

  • Director Appointment

    Tara Thiagarajan was appointed as a Director was appointed as a Director on 30 Sep 2019 & has been associated with this company since 5 years 7 months .

  • Director Appointment

    Singaram Adaikappan was appointed as a Director was appointed as a Director on 06 Mar 2012 & has been associated with this company since 13 years 2 months .

  • Company Incorporation

    Microcredit Foundation Of India was registered on 18 Feb 2002 with Roc Chennai & aged 23 years 2 months as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Microcredit Foundation Of India?

    Microcredit Foundation Of India was incorporated on 18 Feb 2002.

  • What is authorized share capital and paid-up capital of Microcredit Foundation Of India?

    The authorized share capital of Microcredit Foundation Of India is ₹ 0.50 M and paid-up capital is ₹ 2.00 K .

  • Who are the current board members & directors of Microcredit Foundation Of India?

    Currently 3 directors are associated with Microcredit Foundation Of India.

    • Tara Thiagarajan
    • Singaram Adaikappan
    • Narayanan

  • What is the registered address of Microcredit Foundation Of India?

    As per Ministry of Corporate Affairs (Mca), the registered address of Microcredit Foundation Of India is No.24, Bishop Garden R A Puram India, Chennai City Corporation, Tamil Nadu, 600028.

  • What is the corporate identification number (CIN) and company number of Microcredit Foundation Of India?

    The corporate identification number (CIN) of Microcredit Foundation Of India is U65929TN2002NPL048472 and the company number is 048472 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Microcredit Foundation Of India?

    According to the financial reports for the fiscal year 2022, the revenue trend for Microcredit Foundation Of India has fallen by -63.98%.

  • What change has been observed in the net worth of Microcredit Foundation Of India, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Microcredit Foundation Of India has experienced an downturn of -6.99%.

  • When was the last Balance Sheet of Microcredit Foundation Of India filed with the ROC?

    The most recent Balance Sheet for Microcredit Foundation Of India was filed with the ROC on 31 Mar 2023.

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