Mahaganapati Microfinance
About Mahaganapati Microfinance
Data last updated:
Mahaganapati Microfinance is a private not for profit company based in Jaipur, Rajasthan, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 13 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65999RJ2011NPL037312.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Rakesh Kumar and Naina Saraf.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A 36 Pearl Akshita Apartments Near Lbs College Tilak Nagar, Jaipur, Rajasthan, India – 302004.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.02 Lakh, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹2 Lakh (net margin 196.4%) and EBITDA of ₹2 Lakh (EBITDA margin 196.4%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 235% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mahaganapati Microfinance's registered office is in Jaipur, Rajasthan. Its e-mail address is in the company report.
- Email
- Registered AddressA 36 Pearl Akshita Apartments Near Lbs College Tilak Nagar, Jaipur, Rajasthan, India – 302004
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Mahaganapati Microfinance, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Mahaganapati Microfinance is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Mahaganapati Microfinance, buy the company report.
Financials of Mahaganapati Microfinance
FY 2025 filings availableMahaganapati Microfinance reported revenue of ₹1.02 Lakh (down 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 70% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 235%. EBITDA rose 102% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2 Lakh | ||||
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| Net Profit (PAT) | ₹2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 196.4% | ||||
| Net Profit Margin | 196.4% | ||||
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To see the full financial statements and ratios of Mahaganapati Microfinance, buy the company report.
Board of directors of Mahaganapati Microfinance
Mahaganapati Microfinance has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Also directs: Lumin Vibe Private Limited | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
| Naina Saraf Also directs: S S Associates Legal Consultants LLP | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Mahaganapati Microfinance is compared with the 7 companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shriramg Urban Nidhi Limited | ₹1.05 Lakh (FY 2022) | Sangli, Maharashtra, India | ||||
| Robust Msolutions Nidhi Limited | ₹1.04 Lakh (FY 2021) | 192.0% | Bhopal, Madhya Pradesh, India | |||
| Mahaganapati Microfinancethis company | ₹1.02 Lakh (FY 2025) | ₹2 Lakh | 196.4% | -70.0% | Jaipur, Rajasthan, India | |
| VKV Chits Private Limited | ₹1.02 Lakh (FY 2023) | -72.0% | Alappuzha, Kerala, India | |||
| Carttal Chits(Kerala) Private Limited | ₹1.01 Lakh (FY 2019) | -78.0% | Alappuzha, Kerala, India | |||
| Meenachil Vikas Chitty Private Limited | ₹1.01 Lakh (FY 2020) | -75.0% | Pala, Kerala, India | |||
| Abhinav Urban Multipurpose Nidhi Limited | ₹1.01 Lakh (FY 2022) | Pune, Maharashtra, India | ||||
| Deepanjali Micro Finance Foundation | ₹1 Lakh (FY 2025) | -26.0% | Prayagraj, Uttar Pradesh, India |
To see the full peer comparison of Mahaganapati Microfinance, buy the company report.
Auditor
Mahaganapati Microfinance is audited by AGARWAL MUKESH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL MUKESH & ASSOCIATES | FY 2020 | 020042C |
Shareholding
The shareholding of Mahaganapati Microfinance is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Mahaganapati Microfinance, buy the company report.
Legal cases
No court or tribunal cases involving Mahaganapati Microfinance are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahaganapati Microfinance; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mahaganapati Microfinance; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mahaganapati Microfinance has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Naina Saraf was appointed as Director on 01 Jul 2023.
Frequently asked questions
Mahaganapati Microfinance is an active private not for profit company based in Jaipur, Rajasthan, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 13 December 2011 (15+ years old) and is registered under CIN U65999RJ2011NPL037312.
Mahaganapati Microfinance has 2 current directors:
- Rakesh Kumar - Director
- Naina Saraf - Director
The latest financial statements of Mahaganapati Microfinance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mahaganapati Microfinance is U65999RJ2011NPL037312. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahaganapati Microfinance was incorporated on 13 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Mahaganapati Microfinance by revenue are Shriramg Urban Nidhi Limited, Robust Msolutions Nidhi Limited, VKV Chits Private Limited, Carttal Chits(Kerala) Private Limited, Meenachil Vikas Chitty Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Naina Saraf was appointed as Director on 01 Jul 2023. Rakesh Kumar was appointed as Director on 01 Jul 2023. Akansha Singhal ceased to be Additional Director on 30 Sep 2022. Mahaganapati Microfinance has 8 board changes on record in total.
The registered office of Mahaganapati Microfinance is at A 36 Pearl Akshita Apartments Near Lbs College Tilak Nagar, Jaipur, Rajasthan, India – 302004.
Mahaganapati Microfinance operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Mahaganapati Microfinance is compliant as of 17 July 2026. The company is actively filing with the Registrar of Companies.
Mahaganapati Microfinance can be reached at its registered office: A 36 Pearl Akshita Apartments Near Lbs College Tilak Nagar, Jaipur, Rajasthan, India – 302004.