About IQRA Micro Finance Federation
IQRA Micro Finance Federation is a Financial Services company based in Varanasi (India) founded in 2017. It provides microcredit services targeted at poor womens groups for financial empowerment. It operates on a B2C model. Its Indian entity Iqra Microfinance Federation reported revenue of ₹38.8 Lakh. Its focus areas include Banking, Microfinance and Community Lending. Similar companies include ESAF, Satin Creditcare and Fincare Small Finance Bank; 3 of its 3 listed similar companies have raised funding.
Company details
IQRA Micro Finance Federation provides microcredit services targeted at poor womens groups for financial empowerment through offering financial products and advice, banking, microfinance, and community lending. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
- Headquarters Varanasi, India
- SectorsFinancial Services
- Website iqramicrofinance.com
- Legal Name Iqra Microfinance Federation
- Date of Incorporation 16 Mar, 2017
- Jurisdiction Varanasi, Uttar Pradesh, India
- Annual Revenue₹38.8 Lakh
FY 2021 · -31% YoY
- Net Profit₹3.9 Lakh
FY 2021 · 10% margin
- EBITDA₹5.4 Lakh
FY 2021 · 14% margin
Associated legal entities of IQRA Micro Finance Federation
IQRA Micro Finance Federation operates through Iqra Microfinance Federation (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iqra Microfinance Federation CIN U85310UP2017NPL091366 | Active | 16 Mar 2017 | Varanasi, Uttar Pradesh | ₹0.4 Cr | 3 | View details |
Board of directors of Iqra Microfinance Federation (IQRA Micro Finance Federation)
Iqra Microfinance Federation is the primary company behind IQRA Micro Finance Federation. The board of Iqra Microfinance Federation currently have 3 directors; the longest-serving is Shambhu Sharan Srivastava, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shambhu Sharan Srivastava DIN 07751936 | Director | 16 Mar 2017 | 9 yrs 7 mo | Iqra Microfinance Federation |
| Chandra Mohan Ojha DIN 08052321 | Director | 15 Jan 2018 | 8 yrs 9 mo | Iqra Microfinance Federation |
| Krishna Pratap Singh DIN 10237782 | Director | 08 Jul 2023 | 3 yrs 4 mo | Iqra Microfinance Federation |
Financials of IQRA Micro Finance Federation
Figures of Iqra Microfinance Federation, the primary company behind IQRA Micro Finance Federation, for FY 2021. Revenue was ₹38.8 Lakh (-31% year on year). Net profit was ₹3.9 Lakh (10% margin). EBITDA was ₹5.4 Lakh (14% margin). Revenue has grown at a compounded annual rate of +33% over three years.
- ₹38.8 LakhRevenue · FY 2021 · -31% YoY
- ₹3.9 LakhNet profit · 10% margin
- ₹5.4 LakhEBITDA · 14% margin
- ₹2.66 CrPaid-up capital
- +33%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Iqra Microfinance Federation are on its company page.
Detailed financial statements for IQRA Micro Finance Federation
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Similar companies to IQRA Micro Finance Federation
IQRA Micro Finance Federation 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 IQRA Micro Finance Federation
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Top companies in Microfinance
3 companies that operate in the same segment as IQRA Micro Finance Federation (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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Frequently Asked Questions about IQRA Micro Finance Federation
IQRA Micro Finance Federation was founded in 2017.
IQRA Micro Finance Federation is headquartered in Varanasi, India. It is registered at Varanasi, Uttar Pradesh, India.
The primary company behind IQRA Micro Finance Federation, Iqra Microfinance Federation, reported revenue of ₹38.8 Lakh for FY 2021, down 31% year on year.
IQRA Micro Finance Federation provides microcredit services targeted at poor womens groups for financial empowerment through offering financial products and advice, banking, microfinance, and community lending. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
IQRA Micro Finance Federation's top competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank.
IQRA Micro Finance Federation operates through Iqra Microfinance Federation.
The legal entities of IQRA Micro Finance Federation currently have 3 directors, including Krishna Pratap Singh, Chandra Mohan Ojha, Shambhu Sharan Srivastava.