Agora Microfinance India

Mumbai, India Founded: 1996 • Age: 30 yrs
Offers microfinance services to low-income urban communities in India sustainably.

About Agora Microfinance India

Agora Microfinance India is a Financial Services company based in Mumbai (India) founded in 1996. It offers microfinance services to low-income urban communities in India sustainably. It operates on a B2C model. The company has 111 employees. Its Indian entity Agora Microfinance India Limited reported revenue of β‚Ή13.08 Cr. Agora Microfinance India offers products and services including Microfinance Services. Its focus areas include FinTech, Microfinance, Urban Finance and Low-Income Lending. Similar companies include ESAF, Satin Creditcare and Fincare Small Finance Bank; 3 of its 3 listed similar companies have raised funding.

Company details

Agora Microfinance India Limited delivers affordable and timely financial services to low-income urban clientele, focusing on sustainability and convenience. Based in Navi Mumbai, the company operates through a network of branches and digital platforms to enhance well-being. It targets individuals in urban areas, providing loans and support while adhering to ethical practices and regulatory standards. The organization emphasizes financial inclusion and community development.

  • Headquarters Mumbai, India
  • Employees 111
  • Sectors
    Financial Services
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website amil.co.in
  • Legal Name Agora Microfinance India Limited
  • Date of Incorporation 31 May, 1996
  • Jurisdiction Thane, Maharashtra, India
Operational Areas
Key Metrics
  • Annual Revenue
    ₹13.08 Cr

    FY 2023 · +70% YoY

  • Net Profit
    ₹3.31 Cr

    FY 2023 · 25% margin

  • EBITDA
    ₹7.26 Cr

    FY 2023 · 56% margin

  • Employee Count
    111

Products & Services of Agora Microfinance India

Agora Microfinance India offers a comprehensive portfolio of products and services, including Microfinance Services.

Microfinance Services
Financial Services

Provides loans and financial aid to low-income urban clients

Board of directors of Agora Microfinance India Limited (Agora Microfinance India)

Agora Microfinance India Limited is the primary company behind Agora Microfinance India. The board of Agora Microfinance India Limited currently have 3 directors; the longest-serving is Tanmay Chetan, appointed in 2011. 19 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Tanmay Chetan
DIN 03594936
Nominee Director01 Nov 201114 yrs 11 moAgora Microfinance India Limited
Asit Prabhudas Mehta
DIN 01640935
Director26 Jun 201412 yrs 4 moAgora Microfinance India Limited
Manoj Naval
DIN 01526911
Managing Director29 Oct 202511 moAgora Microfinance India Limited

Financials of Agora Microfinance India

Figures of Agora Microfinance India Limited, the primary company behind Agora Microfinance India, for FY 2023. Revenue was ₹13.08 Cr (+70% year on year). Net profit was ₹3.31 Cr (25% margin). EBITDA was ₹7.26 Cr (56% margin). Revenue has grown at a compounded annual rate of +17% over three years and +15% over five years.

  • ₹13.08 CrRevenue · FY 2023 · +70% YoY
  • ₹3.31 CrNet profit · 25% margin
  • ₹7.26 CrEBITDA · 56% margin
  • ₹21.03 CrPaid-up capital
  • 111Employees (provident fund records)
  • +17%Revenue CAGR, 3 years
  • +15%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Agora Microfinance India Limited are on its company page.

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Similar companies to Agora Microfinance India

Agora Microfinance India has 3 listed similar companies in our database, 3 of them funded. They include ESAF, Satin Creditcare and Fincare Small Finance Bank.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
esafbank.com1992Thrissur, India$101.74M6,194
Microfinance banking services are offered in India by ESAF.
satincreditcare.com1990Delhi, India$40M15,350
Micro loans for businesses are offered by this NBFC.
fincarebank.com2007Bengaluru, India$174.84M12,894
Micro-finance bank
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Web traffic of Agora Microfinance India

The website of Agora Microfinance India (amil.co.in) receives about 1.6K visits a month.

  • Monthly visits
    1.6K

    ▼ 16.5% vs previous month

Top companies in Microfinance

3 companies that operate in the same segment as Agora Microfinance India (Microfinance) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Microfinance banking services are offered in India by ESAF.
1992Thrissur, Kerala, IndiaUSD 101.74 MUSD 474.19 M12,520
Micro loans for businesses are offered by this NBFC.
1990Delhi, Delhi, IndiaUSD 40 MUSD 310.26 M15,190
Provider of microloans
2010Delhi, Delhi, IndiaUSD 71.68 M12,403
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Frequently Asked Questions about Agora Microfinance India

Agora Microfinance India was founded in 1996.

Agora Microfinance India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Agora Microfinance India has 111 employees.

The primary company behind Agora Microfinance India, Agora Microfinance India Limited, reported revenue of β‚Ή13.08 Cr for FY 2023, up 70% year on year.

Agora Microfinance India Limited delivers affordable and timely financial services to low-income urban clientele, focusing on sustainability and convenience. Based in Navi Mumbai, the company operates through a network of branches and digital platforms to enhance well-being. It targets individuals in urban areas, providing loans and support while adhering to ethical practices and regulatory standards. The organization emphasizes financial inclusion and community development.

Agora Microfinance India's top competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank.

Agora Microfinance India offers Microfinance Services.

Agora Microfinance India operates through Agora Microfinance India Limited.

The legal entities of Agora Microfinance India currently have 4 directors, including Manoj Naval, Chandini Mansukh Patel, Tanmay Chetan and others.

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