Wesghats Micro Finance Limited
Provides financial and related services, incorporated in 2020, based in Tamil Nadu.
2020 | Theni, Tamil Nadu (India) | Active
Wesghats Micro Finance Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 5.10 Cr
- Company Age 4 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Revenue Growth 194.39%
- Profit Growth 235.39%
- Ebitda 137.99%
- Net Worth 2.78%
- Total Assets 0.66%
About Wesghats Micro Finance
Wesghats Micro Finance Limited (WMFL) is a Public Limited Indian Non-Government Company incorporated in India on 11 June 2020 (Four years and 11 months 3 days old ). Its registered office is in Theni, 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 6.00 Cr and a paid-up capital of Rs 5.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
Parthiban, Rathinasamy Vajravel, Padma, and Three other members serve as directors at the Company.
Company Details
- Location
Theni, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U65990TN2020PLC135734
- Company No.
135734
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
11 Jun 2020
- Date of AGM
26 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Financial Services
Wesghats Micro Finance Limited
Explore comprehensive data for Wesghats Micro Finance Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Wesghats Micro Finance?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vijayakumar  | Managing Director | 11-Jun-2020 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Parthiban | Director | 11-Jun-2020 | Current |
| Rathinasamy Vajravel | Director | 11-Jun-2020 | Current |
| Padma | Director | 11-Jun-2020 | Current |
| Samyuktha | Additional Director | 04-Nov-2024 | Current |
| Parthiban Sudha | Additional Director | 04-Nov-2024 | Current |
Financial Performance of Wesghats Micro Finance.
Wesghats Micro Finance Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 194.39% increase. The company also saw a substantial improvement in profitability, with a 235.39% increase in profit. The company's net worth moved up by a moderate rise of 2.78%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Wesghats Micro Finance?
In 2023, Wesghats Micro Finance had a promoter holding of 78.43% and a public holding of 21.57%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Wesghats Investment And Credit Limited
Parthiban, Rathinasamy Vajravel and 2 more are mutual person
- Pandinadu Finance Company Private Limited
Rathinasamy Vajravel is a mutual person
- Raven's Comm Private Limited
Padma is a mutual person
Charges (Loans)
There are no open charges registered against the company as per our records.
How Many Employees Work at Wesghats Micro Finance?
Wesghats Micro Finance has a workforce of 0 employees as of Apr 04, 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 Wesghats Micro Finance, 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 Wesghats Micro Finance'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 Wesghats Micro Finance
Recent activity within the organization
- Director Appointment
Samyuktha was appointed as a Additional Director was appointed as a Additional Director on 04 Nov 2024 & has been associated with this company since 6 months 10 days .
- Director Appointment
Parthiban Sudha was appointed as a Additional Director was appointed as a Additional Director on 04 Nov 2024 & has been associated with this company since 6 months 10 days .
- Annual General Meeting
Wesghats Micro Finance Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.
- Balance Sheet
Wesghats Micro Finance Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Director Appointment
Parthiban was appointed as a Director was appointed as a Director on 11 Jun 2020 & has been associated with this company since 4 years 11 months .
- Director Appointment
Rathinasamy Nadar Vajravel was appointed as a Director was appointed as a Director on 11 Jun 2020 & has been associated with this company since 4 years 11 months .
Frequently asked questions
What is the Incorporation or founding date of Wesghats Micro Finance Limited?
Wesghats Micro Finance Limited was incorporated on 11 Jun 2020.
What is authorized share capital and paid-up capital of Wesghats Micro Finance Limited?
The authorized share capital of Wesghats Micro Finance Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.10 Cr.
Who are the current board members & directors of Wesghats Micro Finance Limited?
Currently 6 directors are associated with Wesghats Micro Finance Limited.
- Parthiban
- Rathinasamy Nadar Vajravel
- Padma
- Vijayakumar
- Samyuktha
- Parthiban Sudha
What is the registered address of Wesghats Micro Finance Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Wesghats Micro Finance Limited is No 7A White House 2Nd Street, Nrt Main Road India, Theni, Tamil Nadu, 625531.
What is the corporate identification number (CIN) and company number of Wesghats Micro Finance Limited?
The corporate identification number (CIN) of Wesghats Micro Finance Limited is U65990TN2020PLC135734 and the company number is 135734 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Wesghats Micro Finance Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Wesghats Micro Finance Limited has risen by 194.39%.
What change has been observed in the net worth of Wesghats Micro Finance Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Wesghats Micro Finance Limited has experienced an upsurge of 2.78%.
When was the last Balance Sheet of Wesghats Micro Finance Limited filed with the ROC?
The most recent Balance Sheet for Wesghats Micro Finance Limited was filed with the ROC on 31 Mar 2024.
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