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:

Virutcham Microfinance Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 18.02 Cr
  • Company Age 16 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 149.00 Cr
  • Satisfied Charges ₹ 192.37 Cr
  • Revenue Growth 41.05%
  • Profit Growth 21.70%
  • Ebitda 35.13%
  • Net Worth 7.75%
  • Total Assets 47.55%

About Virutcham Microfinance

Virutcham Microfinance Limited (VML) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 July 2008 and has a history of 16 years and ten months. Its registered office is in Madurai, Tamil Nadu, 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 20.00 Cr and a paid-up capital of Rs 18.02 Cr.

The company currently has active open charges totaling ₹149.00 Cr. The company has closed loans amounting to ₹192.37 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Virutcham Microfinance Limited India are Ambreen Ali as COMPANY SECRETARY and Chelliahnadar Bharathakrishnan as Cfo. John Ohilvi, Alex Nicholas, Antony Antony, and Two other members serve as directors at the Company.

Company Details

  • Location

    Madurai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65929TN2008PLC068502

  • Company No.

    068502

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Jul 2008

  • Date of AGM

    19 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services
Company report

Virutcham Microfinance Limited

Explore comprehensive data for Virutcham Microfinance Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Soosai Selvaraj Country flag representing In Managing Director10-Oct-2016Current
Ambreen Ali Company Secretary30-Aug-2023Current
Chelliahnadar Bharathakrishnan CFO25-Sep-2020Current

Board Members (4)

NameDesignationAppointment DateStatus
Alex Nicholas Country flag representing In Director 05-Jun-2014Current
John Ohilvi Country flag representing In Director 22-Dec-2023Current
Antony Antony Country flag representing In Director 26-Feb-2019Current
Devesahayam Asokan Country flag representing In Director 15-Jul-2015Current

Financial Performance 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%.

Virutcham Microfinance revenue growth over time
Virutcham Microfinance 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
41.05%
Revenue from Operations
38.52%
Total Assets
47.55%
Profit or Loss
21.70%
Net Worth
7.75%
EBITDA
35.13%

What is the Ownership and Shareholding Structure of Virutcham Microfinance?

In 2023, Virutcham Microfinance had a promoter holding of 21.10% and a public holding of 78.90%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹149.00 Cr

Satisfied Charges

₹192.37 Cr

Charges Breakdown by Lending Institutions

  • Others : 76.50 Cr
  • State Bank Of India : 38.00 Cr
  • Indian Overseas Bank : 20.00 Cr
  • Dhanlaxmi Bank Limited : 5.00 Cr
  • Canara Bank : 5.00 Cr
  • Others : 4.50 Cr

Latest Charge Details

DateLenderAmountStatus
21 Jan 2025Others₹1.00 CrOpen
24 Oct 2024Canara Bank₹5.00 CrOpen
03 Oct 2024Others₹5.00 CrOpen
06 Aug 2024Others₹2.00 CrOpen
29 Jun 2024Others₹6.00 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 growth trends for Virutcham Microfinance Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Virutcham 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 Virutcham Microfinance'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 Virutcham Microfinance

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101039231 was registered on 21 Jan 2025.

  • Charges

    A charge registered on 24 Jan 2023 via Charge ID 100682100 with Others was fully satisfied on 13 Jan 2025.

  • Charges

    A charge with Indian Overseas Bank of Rs. 20.00 Cr registered on 30 Nov 2022 with Charge ID 100654244 was modified on 30 Dec 2024.

  • Charges

    A charge registered on 27 Oct 2021 via Charge ID 100510052 with Others was fully satisfied on 24 Dec 2024.

  • Charges

    A charge registered on 14 Dec 2022 via Charge ID 100662860 with Others was fully satisfied on 14 Dec 2024.

  • Charges

    A charge registered on 10 Nov 2021 via Charge ID 100504170 with Tamilnad Mercantile Bank Limited was fully satisfied on 05 Dec 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Virutcham Microfinance Limited?

    Virutcham Microfinance Limited was incorporated on 08 Jul 2008.

  • What is authorized share capital and paid-up capital of Virutcham Microfinance Limited?

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

  • Who are the current board members & directors of Virutcham Microfinance Limited?

    Currently 7 directors are associated with Virutcham Microfinance Limited.

    • John Ohilvi
    • Alex Francisco Nicholas
    • Antony Rayappan A Cruz Antony
    • Devesahayam Asokan
    • Soosai Charles Selvaraj
    • Ambreen Moeenuddin Ali
    • Chelliahnadar Bharathakrishnan

  • What is the registered address of Virutcham Microfinance Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Virutcham Microfinance Limited is Plot No 1 Mullai Tower Nagar South Thanakkankulam Thirunagar, India, Madurai, Tamil Nadu, 625006.

  • What is the corporate identification number (CIN) and company number of Virutcham Microfinance Limited?

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

  • What is the official website of Virutcham Microfinance Limited?

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

  • What has been the recent revenue trend for Virutcham Microfinance Limited?

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

  • How many employees does Virutcham Microfinance Limited currently have?

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

  • What change has been observed in the net worth of Virutcham Microfinance Limited, and by what percentage?

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

  • What are the total open charges for Virutcham Microfinance Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Virutcham Microfinance Limited amount to ₹ 149.00 Cr.

  • When was the last Balance Sheet of Virutcham Microfinance Limited filed with the ROC?

    The most recent Balance Sheet for Virutcham Microfinance Limited was filed with the ROC on 31 Mar 2024.

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