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 U06599TN1988PLC081652.
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 Balasubramanian Balakumaran and Chinnasamy Ganesan.
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
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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 | Locked |
Business activity turnover details for Belstar Microfinance Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Belstar Microfinance Limited
Belstar Microfinance Limited is audited by N SANKARAN & CO for the financial year 2018. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N SANKARAN & CO | Locked | Locked | Locked |
Complete auditor history for Belstar Microfinance Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Belstar Microfinance Limited
Belstar Microfinance Limited currently reports 10 directors and 2 key managerial personnel. 31 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Muralidharan Lakshmanan
Also directs:
Belstar Microfinance Limited
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Cfo | 04 Feb 2017 | 9 Years 6 Months | Current |
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Balasubramanian Balakumaran
Also directs:
Belstar Microfinance Limited
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Whole-Time Director | 29 Apr 2021 | 5 Years 3 Months | Current |
| Chinnasamy Ganesan | Director | 14 Mar 2020 | 6 Years 5 Months | Current |
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Vijay Nallan Chakravarthi
Also directs:
Belstar Microfinance Limited, Ananda Strategies Llp, Ananda One Strategies Llp and 4 more
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Director | 29 Mar 2022 | 4 Years 4 Months | Current |
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Kuttickattu Rajappan Bijimon
Also directs:
B 7 Consulting Llp, Belstar Microfinance Limited, Emgee Board And Paper Mills (P) Ltd and 5 more
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Director | 27 Jun 2016 | 10 Years 1 Months | Current |
| Vadakke Anavanghot Prasanth | Director | 28 Apr 2025 | 1 Years 3 Months | Current |
Financials of Belstar Microfinance Limited FY 2025 filings available
Belstar Microfinance Limited reported revenue of ₹2,124.99 Cr (up 15.00% YoY) for FY 2025.
Ten-year financial statements for Belstar Microfinance Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Belstar Microfinance Limited
Shareholding and ownership data for Belstar Microfinance Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
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
Belstar Microfinance Limited has a workforce of 8,926 employees as of Apr 06, 2024.
Employee and EPFO history for Belstar Microfinance Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Belstar Microfinance Limited
GST registrations and filing compliance for Belstar Microfinance Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Belstar Microfinance Limited
Credit ratings, litigation, and regulatory alerts for Belstar Microfinance Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Belstar Microfinance Limited
MSME payment history for Belstar Microfinance Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Belstar Microfinance Limited
Corporate group structure for Belstar Microfinance Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Belstar Microfinance Limited
MCA filings and documents for Belstar Microfinance Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
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 and KMP of Belstar Microfinance Limited are:
- Muralidharan Lakshmanan - Cfo
- Balasubramanian Balakumaran - Whole-Time Director
- Chinnasamy Ganesan - Director
- Vijay Nallan Chakravarthi - Director
- Kuttickattu Rajappan Bijimon - Director
- Vadakke Anavanghot Prasanth - Director
- Vadakkakara Antony George - Director
- Rajeswari Karthigeyan - Director
- Venkataraman Krishnamoorthy - Director
- George Muthoot Jacob - Director
- George Alexander - Director
- Jayaraman Balakrishnan - Ceo
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.