About Agora Microfinance India Limited
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Agora Microfinance India Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Agora Microfinance N.V. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 31 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65921MH1996PLC240921. Its GSTIN is 27AABCJ8464F1ZE (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹21.03 Cr. It was formerly known as Jagdhan Finance and Investment Limited. It is led by directors including Manoj Naval (Managing Director) and Asit Prabhudas Mehta.
Its last annual general meeting (AGM) was held on 28 May 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Navi Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹13.08 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹3.31 Cr (net margin 25.3%) and EBITDA of ₹7.26 Cr (EBITDA margin 55.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 15% over five years.
The company has about 111 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Agora Microfinance India. As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹121.5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 13 deals on record (9 funding rounds, 4 secondary share transfers), with disclosed funding of ₹22.69 Cr; the latest was in February 2019. Its 8 peer companies in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 5 smaller; the largest is Harsh Securities Pvt.Ltd. with revenue of ₹7.99 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website amil.co.in.
Company details
CIN history
Agora Microfinance India has one previous CIN (Corporate Identification Number): U65921UP1996PLC020057. The current CIN is U65921MH1996PLC240921, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921MH1996PLC240921 | Current |
| U65921UP1996PLC020057 | Previous |
Contact details
Agora Microfinance India Limited's registered office is in Navi Mumbai, Maharashtra. Its website is amil.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff No. 404 Wing – A 4th Floor Technocitypremises Co – Op. Soc Ltd Plot No. X – 4/1 & X – 4/2, Shillphata, Navi Mumbai, Maharashtra, India – 400709
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Agora Microfinance India Limited, 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
Brands
Agora Microfinance India operates one associated brand: Agora Microfinance India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers microfinance services to low-income urban communities in India sustainably. | amil.co.in |
Financials of Agora Microfinance India Limited
FY 2024 filings availableAgora Microfinance India Limited reported revenue of ₹13.08 Cr (up 70% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 70% growth in the latest year. EBITDA rose 129% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹13.08 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.31 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.5% | ||||
| Net Profit Margin | 25.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Agora Microfinance India Limited, buy the company report.
Board of directors of Agora Microfinance India Limited
Agora Microfinance India has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tanmay Chetan Also directs: M-Cril Limited | Nominee Director | 01 Nov 2011 | 14 Years 11 Months | Current |
| Asit Prabhudas Mehta Also directs: Phoenix India Strategy Advisors LLP, Asit Mehta & Associates LLP | Director | 26 Jun 2014 | 12 Years 3 Months | Current |
| Manoj Naval | Managing Director | 29 Oct 2025 | 0 Years 11 Months | Current |
Peer comparison
Agora Microfinance India Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance Institutions, Small 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 |
|---|---|---|---|---|---|---|
| Agora Microfinance India Limitedthis company | ₹13.08 Cr (FY 2023) | ₹3.31 Cr | 25.3% | 70.0% | 111 | Navi Mumbai, Maharashtra, India |
| Harsh Securities Pvt.Ltd. | ₹7.99 Cr (FY 2025) | 358.0% | Kolkata, West Bengal, India | |||
| Rama Alloys Private Limited | ₹7.98 Cr (FY 2025) | 158.0% | Domjur, West Bengal, India | |||
| Progressive Global Finance Private Limited | ₹7.97 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Prodigee Finance Limited | ₹7.97 Cr (FY 2025) | 16.0% | Bhopal, Madhya Pradesh, India | |||
| Shekhavati Investment Corporation Limited | ₹7.97 Cr (FY 2025) | -37.0% | Kolkata, West Bengal, India | |||
| Bit Byte Investment Services Private Limited | ₹7.96 Cr (FY 2025) | 9.0% | Delhi, India | |||
| Ramaiah Capital Private Limited | ₹7.95 Cr (FY 2025) | 55.0% | Bengaluru, Karnataka, India | |||
| Vadakkemuriyil Finance Company (India) Limited | ₹7.94 Cr (FY 2024) | 27.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Agora Microfinance India Limited, buy the company report.
Auditor
Agora Microfinance India Limited is audited by SHAH AND TAPARIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH AND TAPARIA | FY 2023 | 109463W |
Shareholding
The shareholding of Agora Microfinance India Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Agora Microfinance India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2024 | 100988553 | Others | ₹3 Cr | Open | |
| 05 Feb 2021 | 100424142 | Others | ₹1 Cr | Satisfied | |
| 29 Sep 2020 | 100419368 | Others | ₹25 Lakh | Satisfied | |
| 09 Mar 2020 | 100343375 | Others | ₹3 Cr | Satisfied | |
| 18 Feb 2020 | 100331879 | Others | ₹3 Cr | Satisfied |
To see the full charge records of Agora Microfinance India Limited, buy the company report.
Total charge records: 65 View all charges
Deals & funding
Agora Microfinance India Limited has 13 deals on record (9 funding rounds, 4 secondary share transfers), with disclosed funding of ₹22.69 Cr; the latest was in February 2019.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Funding round | ₹2 Cr | Investors: Agora Microfinance NV |
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Agora Microfinance NV & Asif Kureshi, Agora Microfinance NV & Urmila Sitaram Kadu, Agora Microfinance NV & Sachin Gajanan Dhongade Seller: Agora Microfinance Nv & Prashant Y Gangji, Agora Microfinance Nv & Urmila Sitaram Kadu, Agora Microfinance Nv & Jayashri Sakharam Ghadge |
| Jan 2017 | Funding round | ₹3.3 Cr | Investors: Agora Microfinance NV |
| Apr 2011 | Secondary share transfer | Undisclosed | Buyer: Agora Microfinance Nv & Kanchan Devidas Ingle, Agora Microfinance Nv & Urmila Sitaram Kadu, Agora Microfinance Nv & Anil Dekhne, an individual Seller: Pert Consultants Limited , Amber Garment Export Private Limited , Bondwell Consultants Private Limited |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: Pert Consultants Limited , Amber Garment Export Private Limited , Bondwell Consultants Private Limited Seller: 4 individuals |
To see the full deal history of Agora Microfinance India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Agora Microfinance India Limited has 2 court cases on record: 2 filed by Agora Microfinance India. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Agora Microfinance India 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Agora Microfinance India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Agora Microfinance India Limited has a workforce of 111 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Agora Microfinance India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCJ8464F1ZE | Maharashtra | Active | 01 Jul 2017 |
| 29AABCJ8464F1ZA | Karnataka | Active | 01 Nov 2023 |
To see the full GST registrations and return filing status of Agora Microfinance India Limited, buy the company report.
Recent activity
Agora Microfinance India Limited has 22 board changes on record since 2011: 5 appointments and 17 cessations. The latest: Manoj Naval was appointed as Managing Director on 29 Oct 2025.
145 earlier events are in the company report.
Frequently asked questions
Agora Microfinance India is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 31 May 1996 (30+ years old) and is registered under CIN U65921MH1996PLC240921.
Agora Microfinance India has 3 current directors:
- Manoj Naval - Managing Director
- Tanmay Chetan - Nominee Director
- Asit Prabhudas Mehta - Director
The latest financial statements of Agora Microfinance India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 28 May 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Agora Microfinance India is 27AABCJ8464F1ZE, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCJ8464F1ZA (Karnataka).
The CIN (Corporate Identification Number) of Agora Microfinance India is U65921MH1996PLC240921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Agora Microfinance India has 2 court cases on record: 2 filed by the company. 2 are pending.
Agora Microfinance India was incorporated on 31 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Agora Microfinance India has 13 deals on record (9 funding rounds, 4 secondary share transfers), with disclosed funding of ₹22.69 Cr; the latest was in February 2019.
The peers of Agora Microfinance India by revenue are Harsh Securities Pvt.Ltd, Rama Alloys Private Limited, Progressive Global Finance Private Limited, Prodigee Finance Limited, Shekhavati Investment Corporation Limited and 3 more, all in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Manoj Naval was appointed as Managing Director on 29 Oct 2025. Meenal Patole ceased to be Managing Director on 01 Jun 2020. Manoj Naval was appointed as CEO on 01 Apr 2020. Agora Microfinance India has 22 board changes on record in total.
Agora Microfinance India can be reached through the website amil.co.in. Its registered office is in Navi Mumbai, Maharashtra, India.