About Centrum Microcredit
Centrum Microcredit was a Financial Services company based in Mumbai (India) founded in 1997. It provides micro-credit services to low-income individuals and businesses. It operates on a B2C model. The company has 573 employees. Centrum Microcredit has completed 1 acquisition, including Altura Financial Services. Its Indian entity Centrum Microcredit Limited reported revenue of ₹5.92 Cr. The company is recorded as dissolved. Its focus areas include Banking, Microfinance and Lending. Similar companies include Ujjivan Small Finance Bank, Jana Small Finance Bank and AU Small Finance Bank; 3 of its 3 listed similar companies have raised funding.
Company details
Centrum Microcredit provides micro-credit services to low-income individuals and businesses through offering financial products and advice, banking, microfinance, and facilitating loans and financing. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Mumbai, India
- Employees 573
- SectorsFinancial Services
- Website centrummicrocredit.com
- Legal Name Centrum Microcredit Limited
- Date of Incorporation 31 Aug, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹5.92 Cr
FY 2022
- Net Loss-₹32.4 Lakh
FY 2022 · -5% margin
- EBITDA₹5.75 Cr
FY 2022 · 97% margin
- Employee Count573
- Investments & Acquisitions
Associated legal entities of Centrum Microcredit
Centrum Microcredit is associated with 2 registered companies on The Company Check; the primary company is Centrum Microcredit Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Centrum Microcredit Limited CIN U67100MH2016PLC285378 | Amalgamated | 31 Aug 2016 | Mumbai, Maharashtra | ₹5.9 Cr | 573 | 5 | View details |
| Profectus Capital Private Limited CIN U65999MH2017PTC295967 | Active | 09 Jun 2017 | Mumbai, Maharashtra | ₹468 Cr | 775 | 7 | View details |
Board of directors of Centrum Microcredit Limited (Centrum Microcredit)
Centrum Microcredit Limited is the primary company behind Centrum Microcredit. The boards of the 2 registered companies of Centrum Microcredit currently have 7 directors; the longest-serving is Rishad Khushrooh Byramjee, appointed in 2017. 30 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rishad Khushrooh Byramjee DIN 00164123 | Director | 22 Mar 2017 | 9 yrs 7 mo | Centrum Microcredit Limited |
| Ranjan Ghosh DIN 07592235 | Director | 22 Mar 2017 | 9 yrs 7 mo | Centrum Microcredit Limited |
| Deepa Fali Poncha DIN 01916512 | Director | 05 Nov 2020 | 6 yrs | Centrum Microcredit Limited |
| Rajeev Krishnamuralilal Agarwal DIN 07984221 | Director | 08 Dec 2025 | 11 mo | Profectus Capital Private Limited |
| Satyananda Mishra DIN 01807198 | Director | 08 Dec 2025 | 11 mo | Profectus Capital Private Limited |
| Karuppasamy Singam DIN 03632212 | Director | 08 Dec 2025 | 11 mo | Profectus Capital Private Limited |
| Shilpa Bhatter DIN 07608252 | Director | 06 May 2026 | 6 mo | Profectus Capital Private Limited |
Financials of Centrum Microcredit
Figures of Centrum Microcredit Limited, the primary company behind Centrum Microcredit, for FY 2022. Revenue was ₹5.92 Cr. Net loss was -₹32.4 Lakh (-5% margin). EBITDA was ₹5.75 Cr (97% margin). Revenue has grown at a compounded annual rate of -48% over three years.
- ₹5.92 CrRevenue · FY 2022
- -₹32.4 LakhNet loss · -5% margin
- ₹5.75 CrEBITDA · 97% margin
- ₹83.21 CrPaid-up capital
- 573Employees (provident fund records)
- -48%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Centrum Microcredit Limited are on its company page.
Detailed financial statements for Centrum Microcredit
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Investments & Acquisitions by Centrum Microcredit
Centrum Microcredit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Altura Financial Services.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Joint liability group loans are provided by this NBFC-MFI. | alturafinancials.com | Delhi, India | 2013 | Nov 2019 | •••• |
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Timeline of Centrum Microcredit
2 dated milestones of Centrum Microcredit across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Centrum Microcredit is founded.
- Acquisition Acquires Altura Financial Services.
Similar companies to Centrum Microcredit
Centrum Microcredit has 3 listed similar companies in our database, 3 of them funded. They include Ujjivan Small Finance Bank, Jana Small Finance Bank and AU Small Finance Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ujjivansfb.in | 2005 | Bengaluru, India | $153.96M | 22,566 | Small finance services are extended to underserved segments in India. | |
| janabank.com | 1999 | Bengaluru, India | $814.02M | 29,388 | Microfinance bank | |
| aubank.in | 1996 | Jaipur, India | $118M | 31,943 | Collateralised loans for commercial vehicles are extended to rural entrepreneurs. |
Detailed similar companies of Centrum Microcredit
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Top companies in Microfinance
3 companies that operate in the same segment as Centrum Microcredit (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 | 752 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Related news about Centrum Microcredit
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Frequently Asked Questions about Centrum Microcredit
Centrum Microcredit was founded in 1997.
Centrum Microcredit is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Centrum Microcredit has 573 employees.
The primary company behind Centrum Microcredit, Centrum Microcredit Limited, reported revenue of ₹5.92 Cr for FY 2022.
Centrum Microcredit provides micro-credit services to low-income individuals and businesses through offering financial products and advice, banking, microfinance, and facilitating loans and financing. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Centrum Microcredit's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and Jana Small Finance Bank.
Centrum Microcredit has made 1 acquisition, including Altura Financial Services.
Centrum Microcredit is associated with 2 legal entities: Centrum Microcredit Limited, Profectus Capital Private Limited.
The legal entities of Centrum Microcredit currently have 12 directors, including Abhinav Maheshwari, Deepa Fali Poncha, Rishad Khushrooh Byramjee and others.