About Belstar Microfinance Limited
Data last updated: 03 January 2026
Belstar Microfinance Limited is a public limited company based in Chennai City Corporation, Tamil Nadu, India, a subsidiary of Muthoot Finance Limited. It specialises in microfinance institutions, a part of the broader financial services sector. Incorporated on 11 January 1988, the company has been in operation for over 38 years.
Registered with ROC Chennai under CIN U06599KA1988PTC008848.
Capital: an authorised share capital of ₹100 Cr and a paid-up capital of ₹54.84 Cr. Formerly known as Belstar Microfinance Private Limited and Belstar Investment and Finance Private Limited. It is led by directors including Muralidharan Lakshmanan and Balasubramanian Balakumaran.
Last AGM: 01 September 2025. Financial statements filed for year ended 31 March 2025. Office: Chennai City Corporation, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,124.99 Cr, a growth of 15% compared to the previous year.
The company has a workforce of approximately 8,926 employees as per the latest available data. It operates as a subsidiary of Muthoot Finance Limited.
The company is associated with 1 brand - Belstar Investment And Finance. As per MCA filings, the company has open charges of ₹12,135 Cr and satisfied charges of ₹12,240 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website belstar.in.
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Registered AddressM V Square No 4/14, Soundarapandian Street Ashok Nagar, Chennai City Corporation, Tamil Nadu, India – 600083
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IndustryFinancial Services, Microfinance Institutions, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Belstar Microfinance Limited
Belstar Microfinance Limited has undergone 2 name changes throughout its history. The company was previously known as Belstar Microfinance Private Limited, and Belstar Investment And Finance Private Limited. The current legal name is Belstar Microfinance Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Belstar Microfinance Limited | Current |
| Belstar Microfinance Private Limited | Previous |
| Belstar Investment And Finance Private Limited | Previous |
CIN History of Belstar Microfinance Limited
Belstar Microfinance Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U06599TN1988PLC081652, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U06599TN1988PLC081652 | Current |
| U06599KA1988PTC008848 | Previous |
| U06599TN1988PTC081652 | Previous |
Associated Brands with Belstar Microfinance Limited
Belstar Microfinance Limited operates one associated brand: Belstar Investment and Finance. These brands represent Belstar Microfinance Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Micro loans are extended to SHG members for enterprise setup. | belstar.in |
Competitors & Alternatives of Belstar Microfinance Limited
Brands and companies operating in the same space as Belstar Microfinance Limited include AU Small Finance Bank, Ujjivan Small Finance Bank, Jana Small Finance Bank and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
AU Small Finance Bank
|
Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | Jaipur, India, India | 1996 |
Ujjivan Small Finance Bank
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Small finance services are extended to underserved segments in India. | Bengaluru, India, India | 2005 |
Jana Small Finance Bank
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Microfinance bank | Bengaluru, India, India | 1999 |
Suryoday
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Small finance bank offering savings accounts, deposits, and loan products | Mumbai, India, India | 2008 |
Equitas Small Finance Bank
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Small finance bank | Chennai, India, India | 2007 |
Capital Small Finance Bank
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Microfinance services including savings accounts and loans are provided. | Jalandhar, India, India | 2016 |
Fincare Small Finance Bank
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Micro-finance bank | Bengaluru, India, India | 2007 |
CreditAccess Grameen
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Provider of microcredit services | Bengaluru, India, India | 1999 |
Spandana Sphoorty Financial
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Microfinance loans are extended to low-income households for various needs. | Hyderabad, India, India | 2003 |
Chaitanya India Fin Credit
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Micro-credit financing is provided to low-income individuals and businesses. | Bengaluru, India, India | 2004 |
Business Activity of Belstar Microfinance Limited
Belstar Microfinance Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | ********* |
Board of Directors of Belstar Microfinance Limited
Belstar Microfinance Limited is currently managed by 15 directors, with 31 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muralidharan Lakshmanan | Cfo | 04 Feb 2017 | 9 Years 5 Months | Current |
| Balasubramanian Balakumaran | Whole-Time Director | 29 Apr 2021 | 5 Years 2 Months | Current |
|
Chinnasamy Ganesan
Also directs:
R K C G & Associates Llp, The Karur Vysya Bank Limited
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Director | 14 Mar 2020 | 6 Years 3 Months | Current |
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Vijay Nallan Chakravarthi
Also directs:
Ananda Strategies Llp, Ananda One Strategies Llp, Northern Arc Capital Limited and 3 more
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Director | 29 Mar 2022 | 4 Years 3 Months | Current |
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Kuttickattu Rajappan Bijimon
Also directs:
B 7 Consulting Llp, Emgee Board And Paper Mills (P) Ltd, Muthoot Money Limited and 5 more
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Director | 27 Jun 2016 | 10 Years 0 Months | Current |
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Vadakke Anavanghot Prasanth
Also directs:
Indbank Merchant Banking Services Limited
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Director | 28 Apr 2025 | 1 Years 2 Months | Current |
Financials of Belstar Microfinance Limited FY 2025 filings available
Belstar Microfinance Limited reported revenue of ₹2,124.99 Cr (up 15% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
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Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Charges & Borrowings of Belstar Microfinance Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Dec 2025 | Others | ₹200 Cr | Open |
| 27 Nov 2025 | Others | ₹100 Cr | Open |
| 06 Oct 2025 | Others | ₹100 Cr | Open |
| 30 Sep 2025 | Idbi Bank Limited | ₹100 Cr | Open |
| 29 Sep 2025 | Others | ₹150 Cr | Open |
Total charge records: 317 View all charges
Employees and EPFO Compliance at Belstar Microfinance Limited
View historical data on people associated with Belstar Microfinance Limited, including employment history and EPFO contributions.
Employee Count & EPFO Data of Belstar Microfinance Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Belstar Microfinance Limited
GSTIN & GST Filing Data of Belstar Microfinance Limited
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Credit Ratings, Litigation & Regulatory Alerts for Belstar Microfinance Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Belstar Microfinance Limited
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MSME Payment Delays by Belstar Microfinance Limited
MSME Payment Delays by Belstar Microfinance Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Belstar Microfinance Limited
Subsidiaries & Group Companies of Belstar Microfinance Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Belstar Microfinance Limited with ownership details.
MCA Filings & Documents of Belstar Microfinance Limited
MCA Filings & Documents of Belstar Microfinance Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Belstar Microfinance Limited
Frequently Asked Questions about Belstar Microfinance Limited
Belstar Microfinance Limited is an active public limited company in the financial services sector based in Chennai City Corporation, Tamil Nadu, India. It was incorporated on 11 January 1988 (38+ years old) and is registered under CIN U06599TN1988PLC081652. The company has 8,926 employees.
Belstar Microfinance Limited reported revenue of ₹2,124.99 Cr for FY 2025 (up 15.00% YoY).
The current directors of Belstar Microfinance Limited are:
- Muralidharan Lakshmanan
- Balasubramanian Balakumaran
- Chinnasamy Ganesan
- Vijay Nallan Chakravarthi
- Kuttickattu Rajappan Bijimon
- Vadakke Anavanghot Prasanth
- Vadakkakara Antony George
- Rajeswari Karthigeyan
- Murali Dharan Lakshmanan
- Venkataraman Krishnamoorthy
- Sunil Kumar Sahu
- George Muthoot Jacob
- George Alexander
- Muralidharan Lakshmanan
- Jayaraman Balakrishnan
The primary industry of Belstar Microfinance Limited is financial services. The company specifically operates in microfinance institutions. The company is currently active in this sector.
Belstar Microfinance Limited can be reached at the registered office: M V Square No 414, Soundarapandian Street Ashok Nagar, Chennai City Corporation, Tamil Nadu, India – 600083, or through the website belstar.in.
The authorised capital is ₹100 Cr, and the paid-up capital is ₹54.84 Cr.