Virutcham Microfinance Limited logo

Virutcham Microfinance Limited

NBFC-MFI providing micro-finance loans to rural women for self-employment through NGO partnerships in 3 states.
2008 | Madurai, Tamil Nadu (India) | Active

Last Updated:

July 18, 2024
HomeCompanyVirutcham Microfinance Limited

Who are the key members and board of directors at Virutcham Microfinance?

Executive Team (3)

NameDesignationAppointment DateStatus
Soosai Selvaraj InManaging Director10-Oct-2016Current
Chelliahnadar BharathakrishnanCFO25-Sep-2020Current
Ambreen AliCompany Secretary18-Aug-2023Current

Board Members(4)

NameDesignationAppointment DateStatus
Alex Nicholas In Director 05-Jun-2014Current
John Ohilvi In Additional Director 18-Jan-2024Current
Antony Antony In Director 26-Feb-2019Current
Devesahayam Asokan In Director 15-Jul-2015Current

Financial Performance and Corporate Structure Insights of Virutcham Microfinance.

Virutcham Microfinance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 41.05% increase. The company also saw a substantial improvement in profitability, with a 21.7% increase in profit. The company's net worth moved up by a moderate rise of 7.75%.

Revenue Growth Graph
Profit Loss Graph
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
41.05%
Revenue from Operations
38.52%
Total Assets
47.55%
Profit or Loss
21.70%
Net Worth
7.75%
EBITDA
35.13%

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Charges (Loans)

Open Charges Satisfied Charges

₹158.42 Cr

₹149.95 Cr

LenderAmountStatus

Others

Creation Date: 08 Mar 2024
₹6.00 CrOpen

Others

Creation Date: 29 Feb 2024
₹3.00 CrOpen

Others

Creation Date: 15 Feb 2024
₹2.00 CrOpen

How Many Employees Work at Virutcham Microfinance?

Virutcham Microfinance has a workforce of 228 employees as of Mar 31, 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.

Employee Graph

Deals i

Rating

Alerts

Latest Updates, News, and FAQs on Virutcham Microfinance

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100880141 was registered on 08 Mar 2024.

    08 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100876475 was registered on 29 Feb 2024.

    29 Feb 2024

  • Charges

    A charge registered on 04 Feb 2022 via Charge ID 100542021 with Others was fully satisfied on 16 Feb 2024.

    16 Feb 2024

  • Charges

    A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100869990 was registered on 15 Feb 2024.

    15 Feb 2024

  • Charges

    A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 2.00 Cr with Charge ID 100867420 was registered on 05 Feb 2024.

    05 Feb 2024

  • Charges

    A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100858550 was registered on 29 Jan 2024.

    29 Jan 2024

Frequently asked questions

  • Virutcham Microfinance Limited was incorporated on 08 Jul 2008.

  • The authorized share capital of Virutcham Microfinance Limited is ₹ 20.00 Cr and paid-up capital is ₹ 18.02 Cr.

  • Currently 7 directors are associated with Virutcham Microfinance Limited.

    • John Ohilvi
    • Alex Francisco Nicholas
    • Antony Rayappan A Cruz Antony
    • Devesahayam Asokan
    • Soosai Charles Selvaraj
    • Chelliahnadar Bharathakrishnan
    • Ambreen Moeenuddin Ali
  • As per Ministry of Corporate Affairs (Mca), the registered address of Virutcham Microfinance Limited is Plot No 1 Mullai Tower Mullai Nagar South ThanakkankulamThirunagar, Madurai, Tamil Nadu, India, 625006.

  • The corporate identification number (CIN) of Virutcham Microfinance Limited is U65929TN2008PLC068502 and the company number is 068502 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Virutcham Microfinance Limited is https://www.virutcham.org

  • According to the financial reports for the fiscal year 2023, the revenue trend for Virutcham Microfinance Limited has risen by 41.05%.

  • As Per 2023 financial reports, 228 employees are currently employed by Virutcham Microfinance Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Virutcham Microfinance Limited has experienced an upsurge of 7.75%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Virutcham Microfinance Limited amount to ₹ 158.42 Cr.

  • The most recent Balance Sheet for Virutcham Microfinance Limited was filed with the ROC on 31 Mar 2023.

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