Adith Microfinance Foundation
About Adith Microfinance Foundation
Data last updated:
Adith Microfinance Foundation is a private not for profit company based in Chennai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 15 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65990TN2017NPL115488. Its GSTIN is 33AAPCA3174R1Z2 (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sridhar Pandurangan and Pon Aananth.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No. 251/1 First Floor Sabari Salai Madipakkam, Chennai, Tamil Nadu, India – 600091.
As per the financials filed for FY 2022, the company reported a revenue of ₹72.78 Lakh, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹20.08 Lakh (net margin 27.6%) and EBITDA of ₹22.16 Lakh (EBITDA margin 30.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo. 251/1 First Floor Sabari Salai Madipakkam, Chennai, Tamil Nadu, India – 600091
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Business Activity of Adith Microfinance Foundation
The main business activity of Adith Microfinance Foundation is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Adith Microfinance Foundation
Adith Microfinance Foundation is audited by CARVALHO ASSOCIATES LLP for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CARVALHO ASSOCIATES LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Adith Microfinance Foundation
Adith Microfinance Foundation has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sridhar Pandurangan | Director | 15 Mar 2017 | 9 Years 6 Months | Current |
| Pon Aananth Also directs: Pinke Impact Investment Private Limited, Arul Financiers Private Limited, Xtrafin Finserve Private Limited and 3 more | Director | 28 Sep 2018 | 8 Years 0 Months | Current |
Financials of Adith Microfinance Foundation FY 2022 filings available
Adith Microfinance Foundation reported revenue of ₹72.78 Lakh (down 42% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Adith Microfinance Foundation
Revenue fell 42% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA fell 15% 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 of Adith Microfinance Foundation
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹22.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.08 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 of Adith Microfinance Foundation
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 27.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Adith Microfinance Foundation are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Adith Microfinance Foundation
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Adith Microfinance Foundation
Adith Microfinance Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Adith Microfinance Foundation
Employment history and EPFO contributions of people linked to Adith Microfinance Foundation.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Adith Microfinance Foundation
Adith Microfinance Foundation has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAPCA3174R1Z2 | Tamil Nadu | Active | 18 Apr 2018 |
| 32AAPCA3174R1Z4 | Kerala | Active | 30 Nov 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Adith Microfinance Foundation
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Adith Microfinance Foundation
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Adith Microfinance Foundation
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Adith Microfinance Foundation
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Adith Microfinance Foundation
Frequently Asked Questions about Adith Microfinance Foundation
Adith Microfinance Foundation is an active private not for profit company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 15 March 2017 (9+ years old) and is registered under CIN U65990TN2017NPL115488.
Adith Microfinance Foundation reported revenue of ₹72.78 Lakh for FY 2022 (down 42% YoY).
Adith Microfinance Foundation has 2 current directors:
- Sridhar Pandurangan - Director
- Pon Aananth - Director
Adith Microfinance Foundation reported a net profit of ₹20.08 Lakh (net margin 27.6%) and EBITDA of ₹22.16 Lakh (EBITDA margin 30.5%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Adith Microfinance Foundation is 20% over three years. In the latest year (FY 2022) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Adith Microfinance Foundation is 33AAPCA3174R1Z2, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AAPCA3174R1Z4 (Kerala).
The CIN (Corporate Identification Number) of Adith Microfinance Foundation is U65990TN2017NPL115488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adith Microfinance Foundation was incorporated on 15 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The registered office of Adith Microfinance Foundation is at No. 2511 First Floor Sabari Salai Madipakkam, Chennai, Tamil Nadu, India – 600091.