
About Sangamam
Sangamam is a company based in Madurai (India) founded in 2018. It operates as a B2C. Sangamam operates in a competitive market with competitors including Sahayata Microfinance, Gandak Vinivesh Mutual Benefit Nidhi, HMRD Nidhi, APNALIFE SAVINGS NIDHI and Divyam Vikas Nidhi, among others.
- Headquarter Madurai, India
- Employees 1
- SectorsFinancial Services
- Website sangamamcoop.com
- Legal Name Sangamam Essentials Private Limited
- Date of Incorporation 20 Aug, 2020
- Jurisdiction Salem, Tamil Nadu, India
- Annual Revenue₹4.66 Cr
FY 2024 · +22% YoY
- Net Loss-₹4 Lakh
FY 2024 · -1% margin
- EBITDA₹15 Lakh
FY 2024 · 3% margin
- Employee Count1
Associated legal entities of Sangamam
Sangamam operates through Sangamam Essentials Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sangamam Essentials Private Limited CIN U74999TZ2020PTC034363 | Active | 20 Aug 2020 | Salem, Tamil Nadu | ₹4.7 Cr | – | 13 | View details |
Board of directors of Sangamam Essentials Private Limited (Sangamam)
Sangamam Essentials Private Limited is the primary company behind Sangamam. The board of Sangamam Essentials Private Limited currently have 13 directors; the longest-serving is Rangan Shanmugam, appointed in 2020. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rangan Shanmugam DIN 08803537 | Director | 20 Aug 2020 | 6 yrs 1 mo | Sangamam Essentials Private Limited |
| Kamalakannan Kandasamy DIN 08801877 | Director | 20 Aug 2020 | 6 yrs 1 mo | Sangamam Essentials Private Limited |
| Santhosam Palanisamy DIN 08803218 | Director | 20 Aug 2020 | 6 yrs 1 mo | Sangamam Essentials Private Limited |
| Alamelu Karuppannan DIN 08801797 | Director | 20 Aug 2020 | 6 yrs 1 mo | Sangamam Essentials Private Limited |
| Abbay Kumar DIN 08803543 | Director | 20 Aug 2020 | 6 yrs 1 mo | Sangamam Essentials Private Limited |
| Veerasamy Ruban Sakravarthi DIN 08801967 | Director | 20 Aug 2020 | 6 yrs 1 mo | Sangamam Essentials Private Limited |
| Kandasamy Amudha DIN 08801858 | Director | 20 Aug 2020 | 6 yrs 1 mo | Sangamam Essentials Private Limited |
| Balamurugan Sumathi DIN 08803171 | Director | 20 Aug 2020 | 6 yrs 1 mo | Sangamam Essentials Private Limited |
| Karuppan Palani DIN 08801887 | Director | 20 Aug 2020 | 6 yrs 1 mo | Sangamam Essentials Private Limited |
| Balajee DIN 09037139 | Director | 22 Feb 2021 | 5 yrs 7 mo | Sangamam Essentials Private Limited |
| Murugesan Latha DIN 09035439 | Director | 22 Feb 2021 | 5 yrs 7 mo | Sangamam Essentials Private Limited |
| Santhi DIN 09035442 | Director | 22 Feb 2021 | 5 yrs 7 mo | Sangamam Essentials Private Limited |
| Raghupathy Vasanthi DIN 09810437 | Director | 22 Dec 2025 | 9 mo | Sangamam Essentials Private Limited |
Financials of Sangamam
Figures of Sangamam Essentials Private Limited, the primary company behind Sangamam, for FY 2024. Revenue was ₹4.66 Cr (+22% year on year). Net loss was -₹4 Lakh (-1% margin). EBITDA was ₹15 Lakh (3% margin). Revenue has grown at a compounded annual rate of +73% over three years.
- ₹4.66 CrRevenue · FY 2024 · +22% YoY
- -₹4 LakhNet loss · -1% margin
- ₹15 LakhEBITDA · 3% margin
- ₹1.44 CrPaid-up capital
- +73%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Sangamam Essentials Private Limited are on its company page.
Detailed financial statements for Sangamam
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Competitors of Sangamam
Sangamam operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sahayata Microfinance, Gandak Vinivesh Mutual Benefit Nidhi, HMRD Nidhi, APNALIFE SAVINGS NIDHI and Divyam Vikas Nidhi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sahayata.co.in | 1998 | Bengaluru, India | – | – | Sahayata Microfinance provides diversified loan solutions to support members' financial needs. | |
| gandaknidhi.com | 2018 | Muzaffarpur, India | – | – | Provides comprehensive consumer and business loan solutions to its members. | |
| hmrdnidhi.com | 2019 | Madhubani, India | – | – | Provides comprehensive solutions for consumer and business loans to support financial needs. | |
| apnalife.co.in | 2021 | Vaishali, India | – | – | Vehicle, business, and other loans are extended to members. | |
| divyamvikasnidhi.com | 2017 | Dehradun, India | – | – | Divyam Vikas Nidhi provides gold, mortgage, and other loans for its members. |
Detailed competitors of Sangamam
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Similar companies to Sangamam
10 companies that operate in the same segment as Sangamam (Microfinance), 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 111.83 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 41.25 M | USD 310.26 M | 15,190 | |
Provider of microloans | 2010 | Delhi, Delhi, India | – | USD 71.68 M | 12,403 | |
Provider of micro-credit & insurance for low income income individuals and women | 1997 | Secunderabad, Telangana, India | USD 144.02 M | USD 208.71 M | 38,310 | |
Microfinance loans are extended to low-income women entrepreneurs. | 2010 | Ernakulam, Kerala, India | USD 138.19 M | USD 251.96 M | 10,650 | |
Micro loans for consumers are provided by Asirvad Microfinance. | 2009 | Chennai, Tamil Nadu, India | USD 1.75 M | USD 94.88 M | 16,309 | |
Microfinance and banking services are provided to urban poor communities. | 2005 | Bengaluru, Karnataka, India | USD 238.31 M | USD 857.24 M | 24,370 | |
Microcredit services are provided to rural women for financial inclusion. | 2012 | Mumbai, Maharashtra, India | USD 232.92 M | USD 49.44 M | 10,779 | |
Avanti Finance is focused on providing affordable financial services. | 2016 | Bengaluru, Karnataka, India | USD 79.74 M | USD 13.6 M | 87 | |
Microfinance services offering loans to low-income households in India. | 1999 | Bengaluru, Karnataka, India | – | – | – |
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Frequently Asked Questions about Sangamam
Sangamam was founded in 2018.
Sangamam is headquartered in Madurai, India. It is registered at Madurai, Tamil Nadu, India.
Sangamam has 1 employees.
The primary company behind Sangamam, Sangamam Essentials Private Limited, reported revenue of βΉ4.66 Cr for FY 2024, up 22% year on year.
Sangamam sangamam is a cooperative lending firm offering personal, gold, and business loans to individuals and enterprises, focusing on offering financial products and advice, banking, facilitating loans and financing, and cooperative loans. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Sangamam's top competitors include Sahayata Microfinance, APNALIFE SAVINGS NIDHI and HMRD Nidhi.
Sangamam operates through Sangamam Essentials Private Limited.
The legal entities of Sangamam currently have 13 directors, including Balajee, Murugesan Latha, Santhi and others.