About Northern Projects
Northern Projects is a Financial Services company. It operates as a financial lending services for vehicles and businesses in India. Its Indian entity Northern Projects Ltd reported revenue of ₹1 Lakh. Northern Projects offers products and services including Commercial Vehicle Loan and Business Loan. Its focus areas include Banking, Lending, Vehicle Loans and Investment.
Company details
Northern Projects Ltd is identified as a Non-Banking Finance Company that was registered with the Reserve Bank of India on 31 March 2021. Loans for commercial vehicles, four wheelers, two wheelers, electric vehicles, and business purposes are offered by the company, which operates mainly in Rajasthans rural and semi-urban areas. A strategy of digitalization, quick approvals, and customer-focused services is employed to expand nationwide, while collections and asset quality are emphasized for growth.
- SectorsFinancial Services
- Legal Name Northern Projects Ltd
- Date of Incorporation 04 Mar, 1983
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹1 Lakh
FY 2019 · -97% YoY
- Net Loss-₹31.5 Lakh
FY 2019 · -3116% margin
- EBITDA-₹30 Lakh
FY 2019 · -2973% margin
Associated legal entities of Northern Projects
Northern Projects operates through Northern Projects Ltd, a listed company (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Northern Projects Ltd Listed CIN L45400WB1983PLC035987 | Amalgamated | 04 Mar 1983 | Kolkata, West Bengal | ₹0.0 Cr | – | 4 | View details |
Products & Services of Northern Projects
Northern Projects offers a comprehensive portfolio of products and services, including Commercial Vehicle Loan and Business Loan.
Loans for purchasing commercial vehicles are provided to facilitate business operations.
Loans for micro, small, and medium enterprises are offered to support business growth and development.
Board of directors of Northern Projects Ltd (Northern Projects)
Northern Projects Ltd is the primary company behind Northern Projects. The board of Northern Projects Ltd currently have 4 directors; the longest-serving is Gopal Krishna Agarwal, appointed in 1987. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gopal Krishna Agarwal DIN 00752191 | Director | 09 Dec 1987 | 38 yrs 10 mo | Northern Projects Ltd |
| Vishwa Nath Agarwal DIN 00408731 | Director | 06 Dec 2004 | 21 yrs 10 mo | Northern Projects Ltd |
| Prem Lata Agarwal DIN 00752110 | Whole-time director | 31 Mar 2015 | 11 yrs 6 mo | Northern Projects Ltd |
| Bal Krishna Mawandia DIN 08770046 | Director | 29 Jun 2020 | 6 yrs 3 mo | Northern Projects Ltd |
Financials of Northern Projects
Figures of Northern Projects Ltd, the primary company behind Northern Projects, for FY 2019. Revenue was ₹1 Lakh (-97% year on year). Net loss was -₹31.5 Lakh (-3116% margin). EBITDA was -₹30 Lakh (-2973% margin). Revenue has grown at a compounded annual rate of -71% over three years.
- ₹1 LakhRevenue · FY 2019 · -97% YoY
- -₹31.5 LakhNet loss · -3116% margin
- -₹30 LakhEBITDA · -2973% margin
- ₹2.21 CrPaid-up capital
- -71%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Northern Projects Ltd are on its company page.
Detailed financial statements for Northern Projects
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
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Top companies in Consumer and SME Loans
10 companies that operate in the same segment as Northern Projects (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 |
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Frequently Asked Questions about Northern Projects
The primary company behind Northern Projects, Northern Projects Ltd, reported revenue of ₹1 Lakh for FY 2019, down 97% year on year.
Northern Projects Ltd is identified as a Non-Banking Finance Company that was registered with the Reserve Bank of India on 31 March 2021. Loans for commercial vehicles, four wheelers, two wheelers, electric vehicles, and business purposes are offered by the company, which operates mainly in Rajasthans rural and semi-urban areas. A strategy of digitalization, quick approvals, and customer-focused services is employed to expand nationwide, while collections and asset quality are emphasized for growth.
Northern Projects offers Commercial Vehicle Loan and Business Loan.
Northern Projects operates through Northern Projects Ltd.
The legal entities of Northern Projects currently have 4 directors, including Prem Lata Agarwal, Gopal Krishna Agarwal, Vishwa Nath Agarwal and others.