Navachetana Microfin Services Profile
Key Indicators
- Authorised Capital ₹ 100.00 Cr
- Paid Up Capital ₹ 70.00 Cr
- Company Age 29 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 756.43 Cr
- Satisfied Charges ₹ 617.64 Cr
- Revenue Growth 103.88%
- Profit Growth 193.23%
- Ebitda 71.20%
- Net Worth 57.33%
- Total Assets 24.34%
About Navachetana Microfin Services
Navachetana Microfin Services Private Limited (NMSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 June 1995 and has a history of 29 years and seven months. Its registered office is in Haveri, Karnataka, India.
The Corporate was formerly known as Navachetana Microfin Services 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 2023. It's a company limited by shares with an authorized capital of Rs 100.00 Cr and a paid-up capital of Rs 70.00 Cr.
The company currently has active open charges totaling ₹756.43 Cr. The company has closed loans amounting to ₹617.64 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Navachetana Microfin Services Private Limited India is Mohan Harini as COMPANY SECRETARY. Nagendrappa Mali, Ramanathan Annamalai, Ullas Kooli, and Two other members serve as directors at the Company.
Company Details
- Location
Haveri, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65922KA1995PTC017982
- Company No.
017982
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Jun 1995
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Navachetana Microfin Services?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nagendrappa Mali  | Managing Director | 06-Aug-2008 | Current |
| Mohan Harini | Company Secretary | 27-Mar-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ramanathan Annamalai | Director | Current | |
| Ullas Kooli | Director | 25-Sep-2019 | Current |
| Chandrakala Mali | Nominee Director | 22-Jul-2015 | Current |
| Rudrappa Gadiyappanavar | Director | 22-May-2023 | Current |
Financial Performance of Navachetana Microfin Services.
Navachetana Microfin Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 103.88% increase. The company also saw a substantial improvement in profitability, with a 193.23% increase in profit. The company's net worth Soared by an impressive increase of 57.33%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Navachetana Microfin Services?
In 2023, Navachetana Microfin Services had a promoter holding of 99.95% and a public holding of 0.04%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sanghamithra Rural Financial ServicesRudrappa Gadiyappanavar is a mutual person
Nirantara Finaccess Private LimitedUllas Kooli and Rudrappa Gadiyappanavar are mutual person
Magalir Micro Capital Private LimitedRamanathan Annamalai is a mutual person
Lolc India Finance Private LimitedRamanathan Annamalai is a mutual person
Nextru Livelihoods Private LimitedNagendrappa Mali, Ullas Kooli and 1 more are mutual person
Chetana Chits Haveri Private LimitedNagendrappa Mali and Chandrakala Mali are mutual person
Charges (Loans)
₹756.43 Cr
₹617.64 Cr
Charges Breakdown by Lending Institutions
- Others : 315.98 Cr
- State Bank Of India : 110.00 Cr
- Sidbi : 75.00 Cr
- Indian Bank : 55.00 Cr
- Indian Overseas Bank : 53.25 Cr
- Others : 147.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2024 | Others | ₹20.00 Cr | Open |
| 27 Mar 2024 | Indian Bank | ₹15.00 Cr | Open |
| 27 Mar 2024 | Others | ₹20.00 Cr | Open |
| 25 Mar 2024 | Sidbi | ₹50.00 Cr | Open |
| 27 Feb 2024 | Others | ₹10.00 Cr | Open |
How Many Employees Work at Navachetana Microfin Services?
Navachetana Microfin Services has a workforce of 1215 employees as of Apr 04, 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 Navachetana Microfin Services, 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 Navachetana Microfin Services'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.
