Right Choice Micro Finance

Founded in 2008 and headquartered in Pondicherry, India.

2008 | Pondicherry (India) | Active
Last Updated: December 30, 2024

Right Choice Micro Finance Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 16 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth %
  • Profit Growth -45.88%
  • Ebitda 64.93%
  • Net Worth -6.28%
  • Total Assets %

About Right Choice Micro Finance

Right Choice Micro Finance (RCMF) is a Public Not For Profit Company incorporated in India on 25 April 2008 and has a history of 16 years and nine months. Its registered office is in Pondicherry, India.

The Corporate was formerly known as Right Choice Micro Finance 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 1.00 M and a paid-up capital of Rs 0.50 M, as per Ministry of Corporate Affairs (MCA) records.

Antonisamy Savarimuthu, Francis Tagore, Jebamalai Devasagayam, and Four other members serve as directors at the Company.

Company Details

  • Location

    Pondicherry, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65191PY2008NPL002166

  • Company No.

    002166

  • Company Classification

    Public Not For Profit Company

  • Incorporation Date

    25 Apr 2008

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pondicherry

Industry

Financial Services

Who are the key members and board of directors at Right Choice Micro Finance?

Executive Team (1)

Name Designation Appointment Date Status
Francis Tagore Country flag representing In Managing Director 25-Apr-2008 Current

Board Members (6)

Name Designation Appointment Date Status
Mariadas Aloysius Country flag representing In Director 18-Aug-2018 Current
Antonisamy Savarimuthu Country flag representing In Director 14-Mar-2016 Current
Jebamalai Devasagayam Country flag representing In Director 25-Apr-2008 Current
Vanathyan Anjala Country flag representing In Director 14-Mar-2016 Current
Ambrose Yugin Country flag representing In Director 14-Mar-2016 Current
Theresa Katherine Country flag representing In Director 18-Nov-2021 Current

Financial Performance of Right Choice Micro Finance.

Right Choice Micro Finance, for the financial year ended 2020, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 45.88% decrease in profit. The company's net worth dipped by a decrease of 6.28%.

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
Revenue from Operations
Total Assets
Profit or Loss
-45.88%
Net Worth
-6.28%
EBITDA
64.93%

What is the Ownership and Shareholding Structure of Right Choice Micro Finance?

In 2017, Right Choice Micro Finance 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 Right Choice Micro Finance?

Unlock and access historical data on people associated with Right Choice Micro Finance, 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 Right Choice Micro Finance, 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 Right Choice Micro Finance'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 Right Choice Micro Finance

Recent activity within the organization

  • Annual General Meeting

    Right Choice Micro Finance last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Right Choice Micro Finance has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pondicherry.

    31 Mar 2024

  • Director Appointment

    Theresa Katherine was appointed as a Director was appointed as a Director on 18 Nov 2021 & has been associated with this company since 3 years 2 months .

    18 Nov 2021

  • Director Appointment

    Mariadas Aloysius was appointed as a Director was appointed as a Director on 18 Aug 2018 & has been associated with this company since 6 years 5 months .

    18 Aug 2018

  • Director Appointment

    Antonisamy Attukaran Savarimuthu was appointed as a Director was appointed as a Director on 14 Mar 2016 & has been associated with this company since 8 years 10 months .

    14 Mar 2016

  • Director Appointment

    Vanathyan Mercy Anjala was appointed as a Director was appointed as a Director on 14 Mar 2016 & has been associated with this company since 8 years 10 months .

    14 Mar 2016

Frequently asked questions

  • Right Choice Micro Finance was incorporated on 25 Apr 2008.

  • The authorized share capital of Right Choice Micro Finance is ₹ 1.00 M and paid-up capital is ₹ 0.50 M.

  • Currently 7 directors are associated with Right Choice Micro Finance.

    • Antonisamy Attukaran Savarimuthu
    • Francis Mathias Tagore
    • Jebamalai Mary Devasagayam
    • Vanathyan Mercy Anjala
    • Mariadas Aloysius
    • Ambrose Anjalamary Anthony Yugin
    • Theresa Katherine
  • As per Ministry of Corporate Affairs (Mca), the registered address of Right Choice Micro Finance is 115 Needarajapaiyer Street India, Pondicherry, 605001.

  • The corporate identification number (CIN) of Right Choice Micro Finance is U65191PY2008NPL002166 and the company number is 002166 as per Ministry of Corporate Affairs (MCA).

  • The financial reports for the fiscal year 2020 indicates that The net worth of Right Choice Micro Finance has experienced an downturn of -6.28%.

  • The most recent Balance Sheet for Right Choice Micro Finance was filed with the ROC on 31 Mar 2024.

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