Svasti Microfinance Profile
Key Indicators
- Authorised Capital ₹ 7.23 Cr
as on 24-10-2024
- Paid Up Capital ₹ 5.15 Cr
as on 24-10-2024
- Company Age 29 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,311.67 Cr
as on 24-10-2024
- Satisfied Charges ₹ 1,211.10 Cr
as on 24-10-2024
- Revenue 90.52%
(FY 2023)
- Profit 635.81%
(FY 2023)
- Ebitda 89.28%
(FY 2023)
- Net Worth 22.74%
(FY 2023)
- Total Assets 43.19%
(FY 2023)
About Svasti Microfinance
The Corporate was formerly known as Svasti Microfinance 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 7.23 Cr and a paid-up capital of Rs 5.15 Cr.
The company currently has active open charges totaling ₹1,311.67 Cr. The company has closed loans amounting to ₹1,211.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Svasti Microfinance Private Limited India is Varsha Waghela as COMPANY SECRETARY. Bhagavathi Subramaniam, Arunkumar Padmanabhan, Ramanathan Annamalai, and Two other members serve as directors at the Company.
- CIN/LLPIN
U65922TN1995PTC030293
- Company No.
030293
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Feb 1995
- Date of AGM
17 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
Who are the key members and board of directors at Svasti Microfinance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Varsha Waghela | Company Secretary | 15-Sep-2017 | Current |
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramanathan Annamalai  | Director | 06-Nov-2019 | Current |
| Arunkumar Padmanabhan | Whole-Time Director | 15-Mar-2010 | Current |
| Bhagavathi Subramaniam | Whole-Time Director | 15-Mar-2010 | Current |
| Jaya Janardhanan | Director | 21-Jun-2024 | Current |
| Jagriti Bhandari | Nominee Director | 10-Dec-2022 | Current |
Financial Performance and Corporate Structure Insights of Svasti Microfinance.
Svasti Microfinance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 90.52% increase. The company also saw a substantial improvement in profitability, with a 635.81% increase in profit. The company's net worth Soared by an impressive increase of 22.74%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Svasti Microfinance?
In 2023, Svasti Microfinance had a promoter holding of 14.50% and a public holding of 85.49%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Magalir Micro Capital Private LimitedActive 9 years 3 monthsRamanathan Annamalai is a mutual person
Rgvn (North East) Microfinance LimitedActive 16 years 5 monthsRamanathan Annamalai is a mutual person
Svasti Financial Services Private LimitedActive 16 years 9 monthsBhagavathi Subramaniam and Arunkumar Padmanabhan are mutual person
- Svasti FoundationActive 16 years 4 months
Bhagavathi Subramaniam and Arunkumar Padmanabhan are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 30 Sep 2024 | ₹10.00 Cr | Open |
Others Creation Date: 27 Sep 2024 | ₹6.50 Cr | Open |
Others Creation Date: 17 Sep 2024 | ₹18.00 Cr | Open |
How Many Employees Work at Svasti Microfinance?
Svasti Microfinance has a workforce of 1990 employees as of Apr 09, 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 Svasti Microfinance, 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 Svasti Microfinance'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.
