About Glowmore Finance
Glowmore Finance is a Financial Services company founded in 2018. Micro credit and financial services for rural inclusion in India. The company has 51 employees. Its Indian entity Glowmore Finance Pvt.Ltd. reported revenue of ₹1.89 Cr. Glowmore Finance offers products and services including Micro Credit Loans and Group Loans. Its focus areas include Finance, Microfinance, Micro Credit and Rural Lending.
Company details
Glowmore Finance Private Limited, a Non-Banking Financial Company, has been providing micro credit services since 2018 and is registered with the RBI in Bhubaneswar. It is recognized for offering collateral-free loans to rural women through the Group or JLG model, aiming to enhance financial inclusion in Odisha. The company focuses on supporting income-generating activities like agriculture and trading to address the needs of low-income households. Additionally, efforts are directed towards eradicating poverty and promoting sustainable livelihoods for underprivileged sections. Social responsibility activities are implemented to benefit diverse societal sectors, emphasizing a commitment to ethical and sustainable finance practices.
- Employees 51
- SectorsFinancial Services
- Website glowmorefinance.com
- Legal Name Glowmore Finance Private Limited
- Date of Incorporation 03 Jan, 1997
- Jurisdiction Ganjam, Odisha, India
- Indian entity revenue₹1.89 Cr
FY 2025 · -34% YoY
- Indian entity net profit₹2.9 Lakh
FY 2025 · 2% margin
- Indian entity EBITDA₹11.9 Lakh
FY 2025 · 6% margin
- Employee Count51
Associated legal entities of Glowmore Finance
Glowmore Finance operates through Glowmore Finance Pvt.Ltd. (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Glowmore Finance Pvt.Ltd. CIN U65993OR1997PTC027920 | Active | 03 Jan 1997 | Berhampur, Odisha | ₹1.9 Cr | 51 | 3 | View details |
Products & Services of Glowmore Finance
Glowmore Finance offers a comprehensive portfolio of products and services, including Micro Credit Loans and Group Loans.
Collateral-free loans are extended to rural women for income-generating activities, promoting financial inclusion in Odisha.
Loans are made available to women's groups to address financial needs through the JLG model, facilitating access for underprivileged communities.
Board of directors of Glowmore Finance Pvt.Ltd. (Glowmore Finance)
Glowmore Finance Pvt.Ltd. is the primary company behind Glowmore Finance. The board of Glowmore Finance Pvt.Ltd. currently have 3 directors; the longest-serving is Abhimanyu Sahu, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhimanyu Sahu DIN 07286332 | Managing Director | 30 Dec 2016 | 9 yrs 10 mo | Glowmore Finance Pvt.Ltd. |
| Jayanti Sahu DIN 07286367 | Director | 21 Dec 2018 | 7 yrs 10 mo | Glowmore Finance Pvt.Ltd. |
| Krushna Sahu DIN 09043301 | Director | 05 Feb 2021 | 5 yrs 9 mo | Glowmore Finance Pvt.Ltd. |
Financials of Glowmore Finance
Figures of Glowmore Finance Pvt.Ltd., the primary company behind Glowmore Finance, for FY 2025. Revenue was ₹1.89 Cr (-34% year on year). Net profit was ₹2.9 Lakh (2% margin). EBITDA was ₹11.9 Lakh (6% margin). Revenue has grown at a compounded annual rate of +16% over three years and +9% over five years.
- ₹1.89 CrRevenue · FY 2025 · -34% YoY
- ₹2.9 LakhNet profit · 2% margin
- ₹11.9 LakhEBITDA · 6% margin
- ₹7.25 CrPaid-up capital
- 51Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Glowmore Finance Pvt.Ltd. are on its company page.
Detailed financial statements for Glowmore Finance
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Frequently Asked Questions about Glowmore Finance
Glowmore Finance was founded in 2018.
Glowmore Finance has 51 employees.
The primary company behind Glowmore Finance, Glowmore Finance Pvt.Ltd., reported revenue of ₹1.89 Cr for FY 2025, down 34% year on year.
Glowmore Finance Private Limited, a Non-Banking Financial Company, has been providing micro credit services since 2018 and is registered with the RBI in Bhubaneswar. It is recognized for offering collateral-free loans to rural women through the Group or JLG model, aiming to enhance financial inclusion in Odisha. The company focuses on supporting income-generating activities like agriculture and trading to address the needs of low-income households. Additionally, efforts are directed towards eradicating poverty and promoting sustainable livelihoods for underprivileged sections. Social responsibility activities are implemented to benefit diverse societal sectors, emphasizing a commitment to ethical and sustainable finance practices.
Glowmore Finance offers Micro Credit Loans and Group Loans.
Glowmore Finance operates through Glowmore Finance Pvt.Ltd..
The legal entities of Glowmore Finance currently have 3 directors, including Jayanti Sahu, Krushna Sahu, Abhimanyu Sahu.