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 ₹13.08 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
- SectorsFinancial Services
- Email••••••••
- Website amil.co.in
- Legal Name Agora Microfinance India Limited
- Date of Incorporation 31 May, 1996
- Jurisdiction Thane, Maharashtra, India
- 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 Count111
Associated legal entities of Agora Microfinance India
Agora Microfinance India operates through Agora Microfinance India Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Agora Microfinance India Limited CIN U65921MH1996PLC240921 | Active | 31 May 1996 | Navi Mumbai, Maharashtra | ₹13.1 Cr | 111 | 5 | View details |
Products & Services of Agora Microfinance India
Agora Microfinance India offers a comprehensive portfolio of products and services, including Microfinance 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.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tanmay Chetan DIN 03594936 | Nominee Director | 01 Nov 2011 | 14 yrs 11 mo | Agora Microfinance India Limited |
| Asit Prabhudas Mehta DIN 01640935 | Director | 26 Jun 2014 | 12 yrs 4 mo | Agora Microfinance India Limited |
| Manoj Naval DIN 01526911 | Managing Director | 29 Oct 2025 | 11 mo | Agora 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.
Detailed financial statements for Agora Microfinance India
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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 Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| esafbank.com | 1992 | Thrissur, India | $101.74M | 6,194 | Microfinance banking services are offered in India by ESAF. | |
| satincreditcare.com | 1990 | Delhi, India | $40M | 15,350 | Micro loans for businesses are offered by this NBFC. | |
| fincarebank.com | 2007 | Bengaluru, India | $174.84M | 12,894 | Micro-finance bank |
Detailed similar companies of Agora Microfinance India
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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 visits1.6K
▼ 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.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 40 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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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 ₹13.08 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.