Opportunity Microinsurance Development Centre

Founded in 2010 and headquartered in Telangana, India.

2010 | Hyderabad, Telangana (India) | Active
Last Updated: December 24, 2024

Opportunity Microinsurance Development Centre Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.47 M
  • Company Age 14 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -76.46%
  • Profit Growth -186.18%
  • Ebitda -119.55%
  • Net Worth -28.99%
  • Total Assets -20.36%

About Opportunity Microinsurance Development Centre

Opportunity Microinsurance Development Centre (OMDC) is a Private Not For Profit Company incorporated in India on 16 August 2010 and has a history of 14 years and five months. Its registered office is in Hyderabad, Telangana, 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 2024. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.47 M, as per Ministry of Corporate Affairs (MCA) records.

Madhavi Raavi and Sri Chintapally serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U67200TG2010NPL070005

  • Company No.

    070005

  • Company Classification

    Private Not For Profit Company

  • Incorporation Date

    16 Aug 2010

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Financial Services

Who are the key members and board of directors at Opportunity Microinsurance Development Centre?

Board Members (2)

Name Designation Appointment Date Status
Madhavi Raavi Country flag representing In Additional Director 30-Oct-2024 Current
Sri Chintapally Country flag representing In Director 18-Jul-2017 Current

Financial Performance of Opportunity Microinsurance Development Centre.

Opportunity Microinsurance Development Centre, for the financial year ended 2023, experienced significant reduction in revenue, with a 76.46% decrease. The company also saw a substantial fall in profitability, with a 186.18% decrease in profit. The company's net worth observed a substantial decline by a decrease of 28.99%.

Graph illustrating revenue growth over time
Graph showing 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
-76.46%
Revenue from Operations
-76.42%
Total Assets
-20.36%
Profit or Loss
-186.18%
Net Worth
-28.99%
EBITDA
-119.55%

What is the Ownership and Shareholding Structure of Opportunity Microinsurance Development Centre?

In 2023, Opportunity Microinsurance Development Centre had a promoter holding of 49.00% and a public holding of 51.00%. 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 Opportunity Microinsurance Development Centre?

Unlock and access historical data on people associated with Opportunity Microinsurance Development Centre, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Opportunity Microinsurance Development Centre, 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 Opportunity Microinsurance Development Centre'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 Opportunity Microinsurance Development Centre

Recent activity within the organization

  • Director Appointment

    Madhavi Choudary Raavi was appointed as a Additional Director was appointed as a Additional Director on 30 Oct 2024 & has been associated with this company since 3 months 4 days .

    30 Oct 2024

  • Annual General Meeting

    Opportunity Microinsurance Development Centre last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Opportunity Microinsurance Development Centre has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.

    31 Mar 2024

  • Director Appointment

    Sri Harsha Chintapally was appointed as a Director was appointed as a Director on 18 Jul 2017 & has been associated with this company since 7 years 6 months .

    18 Jul 2017

  • Company Incorporation

    Opportunity Microinsurance Development Centre was registered on 16 Aug 2010 with Roc Hyderabad & aged 14 years 5 months as per MCA records.

    16 Aug 2010

Frequently asked questions

  • Opportunity Microinsurance Development Centre was incorporated on 16 Aug 2010.

  • The authorized share capital of Opportunity Microinsurance Development Centre is ₹ 0.50 M and paid-up capital is ₹ 0.47 M.

  • Currently 2 directors are associated with Opportunity Microinsurance Development Centre.

    • Madhavi Choudary Raavi
    • Sri Harsha Chintapally
  • As per Ministry of Corporate Affairs (Mca), the registered address of Opportunity Microinsurance Development Centre is 704 705/1 Vasavi Mpm Grand Ameerpet Yellaraddy Guda, India, Khairatabad, Telangana, 500073.

  • The corporate identification number (CIN) of Opportunity Microinsurance Development Centre is U67200TG2010NPL070005 and the company number is 070005 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Opportunity Microinsurance Development Centre has fallen by -76.46%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Opportunity Microinsurance Development Centre has experienced an downturn of -28.99%.

  • The most recent Balance Sheet for Opportunity Microinsurance Development Centre was filed with the ROC on 31 Mar 2024.

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