MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-OD-19-0000488
Adhikar Microfinance Private Limited - financial services in Bhubaneswar, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.58 Cr
▼ 66% YoY
Net loss · FY 2024
₹1.83 Cr
Net margin -115.8%
EBITDA · FY 2024
-₹15.85 Lakh
EBITDA margin -10.1%
Authorised capital
₹35 Cr
Registered with MCA
Paid-up capital
₹10.79 Cr
Issued & subscribed
Open charges
₹205.5 Cr
Satisfied ₹250 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
68
Provident fund records
About Adhikar Microfinance Private Limited
Data last updated:
Adhikar Microfinance Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 04 April 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U65923OR1997PTC010452. Its GSTIN is 21AABCP3995P1ZX (Odisha). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹10.79 Cr. It was formerly known as Prateek Money Advisors Private Limited and Prateek Motor Finance Private Limited. It is led by directors including Mohammad Nooruddin Amin (Managing Director) and Gobinda Chandra Dalabehera.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No – 77/180/970 Subudhipur Tomando, Bhubaneswar, Odisha, India – 752054.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.58 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹1.83 Cr (net margin -115.8%) and EBITDA of -₹15.85 Lakh (EBITDA margin -10.1%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 48% over five years.
The company has about 68 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Adhikar Microfinance and Adhikar. As per MCA filings, the company has open charges of ₹205.5 Cr and satisfied charges of ₹250 Cr on record. Court records list 15 cases involving the company, including 3 filed by the company and 12 filed against it; 11 cases are pending. The company has 1 deal on record (1 funding round); the latest was in April 2010. Its 4 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 3 smaller; the largest is Rowdon Business Pvt Ltd with revenue of ₹1.58 Cr.
Adhikar Microfinance Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-19-0000488). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adhikarindia.in.
Company details
CIN U65923OR1997PTC010452
Registration Number 010452
Incorporation Date 04 April 1997
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-OD-19-0000488
Name history
Adhikar Microfinance has undergone 2 name changes throughout its history. The company was previously known as Prateek Money Advisors Private Limited, and Prateek Motor Finance Private Limited. The current legal name is Adhikar Microfinance Private Limited.
| Company Name | Status |
|---|---|
| Adhikar Microfinance Private Limited | Current |
| Prateek Money Advisors Private Limited | Previous |
| Prateek Motor Finance Private Limited | Previous |
CIN history
Adhikar Microfinance has one previous CIN (Corporate Identification Number): U65990OR1997PTC010452. The current CIN is U65923OR1997PTC010452, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923OR1997PTC010452 | Current |
| U65990OR1997PTC010452 | Previous |
Key People
Mohammad Nooruddin Amin Managing Director Girish Kumar Meher Nominee Director Parbati Malick Nominee Director Recognitions & Rankings of Adhikar Microfinance
Contact details
Adhikar Microfinance Private Limited's registered office is in Bhubaneswar, Odisha. Its website is adhikarindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No – 77/180/970 Subudhipur Tomando, Bhubaneswar, Odisha, India – 752054
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Adhikar Microfinance Private Limited, buy the company report.
Comprehensive company report
Adhikar Microfinance Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Adhikar Microfinance operates two associated brands: Adhikar Microfinance and Adhikar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Potato farming, grain marketing, and equipment services are conducted by Maine Potato Growers in Maine. | adhikarindia.in | |
| Foundation focused on economic and political empowerment | adhikarindia.org |
Business activity
The main business activity of Adhikar 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 Adhikar Microfinance Private Limited, buy the company report.
Financials of Adhikar Microfinance Private Limited
FY 2024 filings availableAdhikar Microfinance Private Limited reported revenue of ₹1.58 Cr (down 66% YoY) for FY 2024.
Revenue · FY 2024
₹1.58 Cr ▼ 66%
Net loss · FY 2024
₹1.83 Cr margin -115.8%
EBITDA · FY 2024
-₹15.85 Lakh margin -10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 66%
3 years · compounded
▼ 60%
5 years · compounded
▼ 48%
EBITDA CAGR growth
1 year
▲ 69%
3 years · compounded
▼ 26%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years, including a 66% fall in the latest year. EBITDA rose 69% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹15.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.83 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.1% | ||||
| Net Profit Margin | -115.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Adhikar Microfinance Private Limited, buy the company report.
Board of directors of Adhikar Microfinance Private Limited
Adhikar Microfinance has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Kumar Meher | Nominee Director | 26 May 2020 | 6 Years 4 Months | Current |
| Mohammad Nooruddin Amin | Managing Director | 04 Jun 2007 | 19 Years 4 Months | Current |
| Parbati Malick | Nominee Director | 21 Jan 2011 | 15 Years 9 Months | Current |
| Gobinda Chandra Dalabehera | Director | 04 Jun 2007 | 19 Years 4 Months | Current |
Peer comparison
Adhikar Microfinance Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized Non Deposit NBFC), 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 |
|---|---|---|---|---|---|---|
| Rowdon Business Pvt Ltd | ₹1.58 Cr (FY 2025) | 704.0% | Kolkata, West Bengal, India | |||
| Adhikar Microfinance Private Limitedthis company | ₹1.58 Cr (FY 2024) | -₹1.83 Cr | -115.8% | -66.0% | 68 | Bhubaneswar, Odisha, India |
| Gems Commercial Co Ltd | ₹1.57 Cr (FY 2019) | 40.0% | Kolkata, West Bengal, India | |||
| Gian Finance Ltd | ₹1.57 Cr (FY 2025) | 16.0% | Kolkata, West Bengal, India | |||
| Dream Fincap Private Limited | ₹1.57 Cr (FY 2025) | -31.0% | Kishangarh, Rajasthan, India |
To see the full peer comparison of Adhikar Microfinance Private Limited, buy the company report.
Auditor
Adhikar Microfinance Private Limited is audited by S PANDA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S PANDA & CO | FY 2023 | 330136E |
Shareholding
The shareholding of Adhikar Microfinance Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adhikar Microfinance Private Limited, buy the company report.
Charges & borrowings
Open charges
₹205.5 Cr
Satisfied charges
₹250 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2022 | 100548453 | Others | ₹20 Cr | Open | |
| 23 Mar 2021 | 100439929 | State Bank of India | ₹15 Cr | Open | |
| 09 Mar 2021 | 100431565 | Indian Bank | ₹8 Cr | Open | |
| 03 Sep 2020 | 100364767 | Sidbi | ₹10 Cr | Open | |
| 12 Feb 2020 | 100352061 | Others | ₹5 Cr | Open |
To see the full charge records of Adhikar Microfinance Private Limited, buy the company report.
Total charge records: 104 View all charges
Deals & funding
Adhikar Microfinance Private Limited has 1 deal on record (1 funding round); the latest was in April 2010.
Total deals
1
Funding round
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2010 | Funding round | Undisclosed | Investors: Dia Vikas Capital |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adhikar Microfinance Private Limited has 15 court cases on record: 3 filed by Adhikar Microfinance, 12 filed against it. 11 cases are pending and 4 are disposed.
Total cases
15
Filed by the company
3
Filed against the company
12
Pending
11
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 8 |
| High courts | 4 | 1 | 3 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Court case (CRLP) | Filed by the company against M/S. Caspian Impact Investments Private Limited , and 1 other | Pending |
| District court, Hyderabad Central, Telangana | Court case (STC- NI) | Filed against the company by M/S. Caspian Impact Investments Private Limited Rep. by Mr. Geesa Srihari | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Ananya Finance for Inclusive Growth Pvt. Ltd. - Chintan Yagnik | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Dia Vikas Capital Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Habitat Micro Build India Housing Finance Company Pvt Ltd | Pending |
To see the full case history of Adhikar Microfinance Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Adhikar Microfinance Private Limited was last rated by Care on 28 Jan 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Jan 2019 |
To see the full credit ratings and regulatory alerts of Adhikar Microfinance Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Adhikar Microfinance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Adhikar Microfinance Private Limited has a workforce of 68 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
68
Active EPFO establishments
1
Employee growth
-45.6%
GST
Adhikar Microfinance has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AABCP3995P1ZX | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adhikar Microfinance Private Limited, buy the company report.
Recent activity
Adhikar Microfinance Private Limited has 22 board changes on record since 2007: 4 appointments and 18 cessations. The latest: Pintu Kumar Biswal ceased to be Company Secretary on 21 Sep 2022.
AGM
Adhikar Microfinance Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Adhikar Microfinance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.
Ceased
Pintu Kumar Biswal ceased to be Company Secretary.
Ceased
Manab Chakraborty ceased to be Director.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100548453 was registered on 16 Mar 2022.
Charges
A charge registered on 12 Apr 2018 via Charge ID 100189200 with Others was fully satisfied on 17 Feb 2022.
Ceased
Biswa Bandhu Mohanty ceased to be Director.
Ceased
Manas Kumar Bid ceased to be Nominee Director.
Ceased
Suchitra Dash ceased to be Company Secretary.
Charges
A charge with Others of Rs. 2.50 Cr registered on 12 Apr 2018 with Charge ID 100189200 was modified on 01 Apr 2021.
Charges
A charge with State Bank Of India amounted to Rs. 15.00 Cr with Charge ID 100439929 was registered on 23 Mar 2021.
Charges
A charge registered on 29 Mar 2018 via Charge ID 100173355 with State Bank Of India was fully satisfied on 12 Mar 2021.
193 earlier events are in the company report.
Frequently asked questions
Adhikar Microfinance is an active private limited company based in Bhubaneswar, Odisha, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 04 April 1997 (29+ years old) and is registered under CIN U65923OR1997PTC010452.
Adhikar Microfinance has 4 current directors:
- Mohammad Nooruddin Amin - Managing Director
- Girish Kumar Meher - Nominee Director
- Parbati Malick - Nominee Director
- Gobinda Chandra Dalabehera - Director
The latest financial statements of Adhikar Microfinance on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Adhikar Microfinance is 21AABCP3995P1ZX, registered in Odisha. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Adhikar Microfinance is U65923OR1997PTC010452. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adhikar Microfinance has 15 court cases on record: 3 filed by the company and 12 filed against it. 11 are pending. Most are in the district courts.
Adhikar Microfinance was incorporated on 04 April 1997, making it 29+ years old. It is registered with the Registrar of Companies, Cuttack.
Adhikar Microfinance has 1 deal on record (1 funding round); the latest was in April 2010.
The peers of Adhikar Microfinance by revenue are Rowdon Business Pvt Ltd, Gems Commercial Co Ltd, Gian Finance Ltd, Dream Fincap Private Limited, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities).
Pintu Kumar Biswal ceased to be Company Secretary on 21 Sep 2022. Manab Chakraborty ceased to be Director on 23 Jun 2022. Biswa Bandhu Mohanty ceased to be Director on 28 Jan 2022. Adhikar Microfinance has 22 board changes on record in total.
Yes, Adhikar Microfinance is registered as a micro enterprise under Udyam registration (number: UDYAM-OD-19-0000488).