Aajivika Micro Credit Association
About Aajivika Micro Credit Association
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Aajivika Micro Credit Association is a private not for profit company based in Varanasi, Uttar Pradesh, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 07 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U67190UP2015NPL073722.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹36.17 Lakh. It is led by directors including Siddhartha Pandey and Shailendra Kumar Tripathi.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Lane No. 8 Bhakti Nagar Colony, Varanasi, Uttar Pradesh, India – 221002.
As per the financials filed for FY 2019, the company reported a revenue of ₹25.44 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹5.89 Lakh (net margin -23.2%) and EBITDA of ₹7.65 Lakh (EBITDA margin 30.1%). Revenue has grown at a compounded annual rate (CAGR) of 223% over three years.
As per MCA filings, the company has open charges of ₹1.1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Aajivika Micro Credit Association's registered office is in Varanasi, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressLane No. 8 Bhakti Nagar Colony, Varanasi, Uttar Pradesh, India – 221002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Aajivika Micro Credit Association, 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 Aajivika Micro Credit Association 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 Aajivika Micro Credit Association, buy the company report.
Financials of Aajivika Micro Credit Association
FY 2019 filings availableAajivika Micro Credit Association reported revenue of ₹25.44 Lakh (up 296% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 223% over three years, including 296% growth in the latest year. EBITDA rose 183% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹25.44 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹7.65 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹5.89 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 30.1% | |||
| Net Profit Margin | -23.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Aajivika Micro Credit Association, buy the company report.
Board of directors of Aajivika Micro Credit Association
Aajivika Micro Credit Association has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddhartha Pandey | Director | 13 Dec 2017 | 8 Years 10 Months | Current |
| Shailendra Kumar Tripathi | Director | 07 Oct 2015 | 11 Years 1 Months | Current |
| Atul Kamal | Director | 07 Oct 2015 | 11 Years 1 Months | Current |
| Pavan Kumar Dubey | Director | 25 May 2017 | 9 Years 5 Months | Current |
| Abhishek Kumar | Director | 07 Oct 2015 | 11 Years 1 Months | Current |
| Abhinav Kamal | Director | 13 Dec 2017 | 8 Years 10 Months | Current |
Peer comparison
Aajivika Micro Credit Association is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Dhanaposhini Kuries (Amballur) Private Limited | ₹25.79 Lakh (FY 2025) | 9.0% | Thrissur, Kerala, India | |||
| Lamjingmeira Micro Finance | ₹25.76 Lakh (FY 2025) | 19.0% | Imphal, Manipur, India | |||
| Aajivika Micro Credit Associationthis company | ₹25.44 Lakh (FY 2019) | -₹5.89 Lakh | -23.2% | 296.0% | Varanasi, Uttar Pradesh, India | |
| Ayurlekshmi Nidhi Limited | ₹25.43 Lakh (FY 2025) | 21.0% | Kollam, Kerala, India | |||
| Pokkisham Chit Fund Private Limited | ₹25.33 Lakh (FY 2018) | 4.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Sarojini Chit Funds Private Limited | ₹25.23 Lakh (FY 2025) | 8.0% | Coimbatore, Tamil Nadu, India | |||
| KVF Nidhi Limited | ₹25.21 Lakh (FY 2025) | 76.0% | Chengannur, Kerala, India |
To see the full peer comparison of Aajivika Micro Credit Association, buy the company report.
Auditor
Aajivika Micro Credit Association is audited by A R S S & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A R S S & CO | FY 2019 | 009002C |
Shareholding
The shareholding of Aajivika Micro Credit Association is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Aajivika Micro Credit Association, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2018 | 100203049 | Others | ₹10 Lakh | Open | |
| 26 Feb 2018 | 100158444 | Uco Bank | ₹1 Cr | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Aajivika Micro Credit Association 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 Aajivika Micro Credit Association; 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 Aajivika Micro Credit Association; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Aajivika Micro Credit Association has 9 board changes on record since 2015: 6 appointments and 3 cessations. The latest: Murali Dhar Upadhyay ceased to be Director on 24 Mar 2018.
2 earlier events are in the company report.
Frequently asked questions
Aajivika Micro Credit Association is an active private not for profit company based in Varanasi, Uttar Pradesh, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 07 October 2015 (11+ years old) and is registered under CIN U67190UP2015NPL073722.
Aajivika Micro Credit Association has 6 current directors:
- Siddhartha Pandey - Director
- Shailendra Kumar Tripathi - Director
- Atul Kamal - Director
- Pavan Kumar Dubey - Director
- Abhishek Kumar - Director
- Abhinav Kamal - Director
The latest financial statements of Aajivika Micro Credit Association on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Aajivika Micro Credit Association is U67190UP2015NPL073722. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aajivika Micro Credit Association was incorporated on 07 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Aajivika Micro Credit Association by revenue are Dhanaposhini Kuries (Amballur) Private Limited, Lamjingmeira Micro Finance, Ayurlekshmi Nidhi Limited, Pokkisham Chit Fund Private Limited, Sarojini Chit Funds Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Murali Dhar Upadhyay ceased to be Director on 24 Mar 2018. Abhinav Kamal was appointed as Director on 13 Dec 2017. Siddhartha Pandey was appointed as Director on 13 Dec 2017. Aajivika Micro Credit Association has 9 board changes on record in total.
The registered office of Aajivika Micro Credit Association is at Lane No. 8 Bhakti Nagar Colony, Varanasi, Uttar Pradesh, India – 221002.
Aajivika Micro Credit Association operates in the financial services industry, in the microfinance institutions segment.
Aajivika Micro Credit Association has open charges of ₹1.1 Cr and no satisfied charges on record as per latest MCA filings.
The compliance status of Aajivika Micro Credit Association is compliant as of 24 July 2026. The company is actively filing with the Registrar of Companies.
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