About Magalir
Magalir is a Financial Services company based in Tirunelveli (India). It offers microfinance loans for womens business, education, and development needs. It operates on a B2C model. The company has 482 employees. Its Indian entity Magalir Micro Capital Private Limited reported revenue of ₹52.65 Cr. Magalir offers products and services including Group Loan, Individual Loan, and Other Loan. Its focus areas include FinTech, Microfinance, Loans and Group and Individual Loans. Similar companies include ESAF, Satin Creditcare and Fincare Small Finance Bank; 3 of its 3 listed similar companies have raised funding.
Company details
Magalir Micro Capital Private Limited is a microfinance institution based in Tamilnadu, India, that delivers financial services to women entrepreneurs. It provides group loans to small groups of 5-10 individuals for mutual support and individual loans for business, education, and farming needs. The company focuses on increasing incomes and community well-being through productive projects, with operations in Tamilnadu, Kerala, and Andhra Pradesh. It emphasizes client interaction and grievance redressal for effective service delivery.
- Headquarters Tirunelveli, India
- Employees 482
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website magalir.net
- Legal Name Magalir Micro Capital Private Limited
- Date of Incorporation 26 Aug, 2015
- Jurisdiction Palayamkottai, Tamil Nadu, India
- Annual Revenue₹52.65 Cr
FY 2025 · -23% YoY
- Net Loss-₹21.18 Cr
FY 2025 · -40% margin
- EBITDA₹4.44 Cr
FY 2025 · 8% margin
- Employee Count482
Associated legal entities of Magalir
Magalir operates through Magalir Micro Capital Private Limited (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 |
|---|---|---|---|---|---|---|---|
| Magalir Micro Capital Private Limited CIN U65923TN2015PTC101965 | Active | 26 Aug 2015 | Palayamkottai, Tamil Nadu | ₹52.6 Cr | 482 | 7 | View details |
Products & Services of Magalir
Magalir offers a comprehensive portfolio of products and services, including Group Loan, Individual Loan, and Other Loan.
Loan for groups of 5-10 individuals to support mutual business ventures.
Loan for personal business, education, and farming needs.
Additional loans for various financial requirements.
Board of directors of Magalir Micro Capital Private Limited (Magalir)
Magalir Micro Capital Private Limited is the primary company behind Magalir. The board of Magalir Micro Capital Private Limited currently have 6 directors; the longest-serving is Fathurabbani Sadiq, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Fathurabbani Sadiq DIN 00682761 | Managing Director | 26 Aug 2015 | 11 yrs 2 mo | Magalir Micro Capital Private Limited |
| Seena Cheppala Rajan DIN 07244374 | Director | 26 Aug 2015 | 11 yrs 2 mo | Magalir Micro Capital Private Limited |
| Seyadrabbani Fathurabbani DIN 01820479 | Director | 17 Apr 2017 | 9 yrs 6 mo | Magalir Micro Capital Private Limited |
| Subramanian Ramakrishnan DIN 02706814 | Director | 28 Apr 2017 | 9 yrs 6 mo | Magalir Micro Capital Private Limited |
| Seyadu Abdul Kareem Naina Mohamed DIN 00684656 | Director | 28 Apr 2017 | 9 yrs 6 mo | Magalir Micro Capital Private Limited |
| Nagaraja Venkataramaniya DIN 03305719 | Director | 31 Mar 2021 | 5 yrs 7 mo | Magalir Micro Capital Private Limited |
Financials of Magalir
Figures of Magalir Micro Capital Private Limited, the primary company behind Magalir, for FY 2025. Revenue was ₹52.65 Cr (-23% year on year). Net loss was -₹21.18 Cr (-40% margin). EBITDA was ₹4.44 Cr (8% margin). Revenue has grown at a compounded annual rate of +4% over three years and +4% over five years.
- ₹52.65 CrRevenue · FY 2025 · -23% YoY
- -₹21.18 CrNet loss · -40% margin
- ₹4.44 CrEBITDA · 8% margin
- ₹53.85 CrPaid-up capital
- 482Employees (provident fund records)
- +4%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magalir Micro Capital Private Limited are on its company page.
Detailed financial statements for Magalir
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to Magalir
Magalir 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 Magalir
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- Full competitor set
- Operating metrics
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Web traffic of Magalir
The website of Magalir (magalir.net) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 27.5% vs previous month
Top companies in Microfinance
3 companies that operate in the same segment as Magalir (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 Magalir
Magalir is headquartered in Tirunelveli, India. It is registered at Tirunelveli, Tamil Nadu, India.
Magalir has 482 employees.
The primary company behind Magalir, Magalir Micro Capital Private Limited, reported revenue of ₹52.65 Cr for FY 2025, down 23% year on year.
Magalir Micro Capital Private Limited is a microfinance institution based in Tamilnadu, India, that delivers financial services to women entrepreneurs. It provides group loans to small groups of 5-10 individuals for mutual support and individual loans for business, education, and farming needs. The company focuses on increasing incomes and community well-being through productive projects, with operations in Tamilnadu, Kerala, and Andhra Pradesh. It emphasizes client interaction and grievance redressal for effective service delivery.
Magalir's top competitors include ESAF, Satin Creditcare and Fincare Small Finance Bank.
Magalir offers Group Loan, Individual Loan, and Other Loan.
Magalir operates through Magalir Micro Capital Private Limited.
The legal entities of Magalir currently have 7 directors, including Subramanian Ramakrishnan, Nagaraja Venkataramaniya, Fathurabbani Sadiq and others.