Svasti Microfinance Profile
Key Indicators
- Authorised Capital ₹ 7.23 Cr
- Paid Up Capital ₹ 5.15 Cr
- Company Age 30 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,311.67 Cr
- Satisfied Charges ₹ 1,211.10 Cr
- Revenue Growth 90.52%
- Profit Growth 635.81%
- Ebitda 89.28%
- Net Worth 22.74%
- Total Assets 43.19%
About Svasti Microfinance
Svasti Microfinance Private Limited (SMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 February 1995 and has a history of 30 years and one month. Its registered office is in Chennai, Tamil Nadu, India.
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.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Financial Services
Svasti Microfinance Private Limited
Explore comprehensive data for Svasti Microfinance Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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 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
- Ratios
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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 LimitedRamanathan Annamalai is a mutual person
Lolc India Finance Private LimitedRamanathan Annamalai is a mutual person
Mangal Credit And Fincorp LimitedRamanathan Annamalai is a mutual person
Kaleidofin Capital Private LimitedRamanathan Annamalai is a mutual person
- Svasti Financial Services Private Limited
Bhagavathi Subramaniam and Arunkumar Padmanabhan are mutual person
- Svasti Foundation
Bhagavathi Subramaniam and Arunkumar Padmanabhan are mutual person
Charges (Loans)
Open Charges
₹1,311.67 Cr
Satisfied Charges
₹1,211.10 Cr
Charges Breakdown by Lending Institutions
- Others : 1133.17 Cr
- Uco Bank : 38.00 Cr
- Idbi Bank Limited : 30.00 Cr
- Sidbi : 25.00 Cr
- State Bank Of India : 25.00 Cr
- Others : 60.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2024 | Others | ₹10.00 Cr | Open |
| 27 Sep 2024 | Others | ₹6.50 Cr | Open |
| 17 Sep 2024 | Others | ₹18.00 Cr | Open |
| 03 Sep 2024 | Others | ₹50.00 Cr | Open |
| 29 Jun 2024 | Others | ₹7.50 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.
Latest Updates, News, and FAQs on Svasti Microfinance
Recent activity within the organization
- Charges
A charge registered on 28 Sep 2022 via Charge ID 100613266 with Others was fully satisfied on 09 Oct 2024.
- Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100984013 was registered on 30 Sep 2024.
- Charges
A charge with Others amounted to Rs. 6.50 Cr with Charge ID 100984037 was registered on 27 Sep 2024.
- Charges
A charge registered on 28 Oct 2022 via Charge ID 100624040 with Others was fully satisfied on 26 Sep 2024.
- Charges
A charge registered on 30 Mar 2021 via Charge ID 100436972 with State Bank Of India was fully satisfied on 19 Sep 2024.
- Charges
A charge with Others amounted to Rs. 18.00 Cr with Charge ID 100977564 was registered on 17 Sep 2024.
Recent News, Updates & Announcement
Svasti Microfinance: Empowering the Poor with Help from Generous Donors.Small company gets big money from rich guys to help more poor guys. They wanna be more than just loans, like insurance and stuff. They already help lots of people in 4 states. They wanna help even more and be famous for it. #SvastiMicrofinance #HelpingThePoor #RichGuysGivingMoney.
Frequently asked questions
What is the Incorporation or founding date of Svasti Microfinance Private Limited?
Svasti Microfinance Private Limited was incorporated on 23 Feb 1995.
What is authorized share capital and paid-up capital of Svasti Microfinance Private Limited?
The authorized share capital of Svasti Microfinance Private Limited is ₹ 7.23 Cr and paid-up capital is ₹ 5.15 Cr.
Who are the current board members & directors of Svasti Microfinance Private Limited?
Currently 6 directors are associated with Svasti Microfinance Private Limited.
- Bhagavathi Narayanan Subramaniam
- Arunkumar Padmanabhan
- Ramanathan Annamalai
- Jaya Janardhanan
- Jagriti Bhandari
- Varsha Mahendra Waghela
What is the registered address of Svasti Microfinance Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Svasti Microfinance Private Limited is 6 First Floor First Street Tiger Varadachari Road Kalakshetra Colony, Besant Nagar India, Chennai, Tamil Nadu, 600090.
What is the corporate identification number (CIN) and company number of Svasti Microfinance Private Limited?
The corporate identification number (CIN) of Svasti Microfinance Private Limited is U65922TN1995PTC030293 and the company number is 030293 as per Ministry of Corporate Affairs (MCA).
What is the official website of Svasti Microfinance Private Limited?
The Official website of Svasti Microfinance Private Limited is https://www.svasti.in
What has been the recent revenue trend for Svasti Microfinance Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Svasti Microfinance Private Limited has risen by 90.52%.
How many employees does Svasti Microfinance Private Limited currently have?
As Per 2023 financial reports, 1990 employees are currently employed by Svasti Microfinance Private Limited.
What change has been observed in the net worth of Svasti Microfinance Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Svasti Microfinance Private Limited has experienced an upsurge of 22.74%.
What are the total open charges for Svasti Microfinance Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Svasti Microfinance Private Limited amount to ₹ 1,311.67 Cr.
When was the last Balance Sheet of Svasti Microfinance Private Limited filed with the ROC?
The most recent Balance Sheet for Svasti Microfinance Private Limited was filed with the ROC on 31 Mar 2023.
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