Virutcham Microfinance Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
- Paid Up Capital ₹ 18.02 Cr
- Company Age 16 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 158.42 Cr
- Satisfied Charges ₹ 149.95 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 seven 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 2023. 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 ₹158.42 Cr. The company has closed loans amounting to ₹149.95 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Virutcham Microfinance Limited India are Chelliahnadar Bharathakrishnan as CFO and Ambreen Ali as Company Secretary. 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
18 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Virutcham Microfinance?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Soosai Selvaraj  | Managing Director | 10-Oct-2016 | Current |
| Chelliahnadar Bharathakrishnan | CFO | 25-Sep-2020 | Current |
| Ambreen Ali | Company Secretary | 18-Aug-2023 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Alex Nicholas | Director | 05-Jun-2014 | Current |
| John Ohilvi | Additional Director | 18-Jan-2024 | Current |
| Antony Antony | Director | 26-Feb-2019 | Current |
| Devesahayam Asokan | Director | 15-Jul-2015 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Jaya Ohilvi Energy Private LimitedJohn Ohilvi is a mutual person
- Amoha Real Solutions Private Limited
John Ohilvi is a mutual person
- E Schoolboy.Com Private Limited
John Ohilvi is a mutual person
Charges (Loans)
₹158.42 Cr
₹149.95 Cr
Charges Breakdown by Lending Institutions
- Others : 92.92 Cr
- State Bank Of India : 38.00 Cr
- Indian Overseas Bank : 10.00 Cr
- Tamilnad Mercantile Bank Limited : 7.50 Cr
- Canara Bank : 5.00 Cr
- Others : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Mar 2024 | Others | ₹6.00 Cr | Open |
| 29 Feb 2024 | Others | ₹3.00 Cr | Open |
| 15 Feb 2024 | Others | ₹2.00 Cr | Open |
| 05 Feb 2024 | Tamilnad Mercantile Bank Limited | ₹2.00 Cr | Open |
| 29 Jan 2024 | Others | ₹2.00 Cr | Open |
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.
Deals i
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
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.
