About Bharat Financial Inclusion Limited
Data last updated:
Bharat Financial Inclusion Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 22 September 2003.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN L65999MH2003PLC250504. The company has 10 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 27 May 2020 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹170 Cr and a paid-up capital of ₹140.25 Cr. It was formerly known as Bharat Microfinance Limited and Bharat Inclusion Limited. It was led by directors including Ramachandra Rao Madapati (Managing Director) and Rajender Mohan Malla.
Its last annual general meeting (AGM) was held on 26 July 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Unit No 410 Madhava Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2018, the company reported a revenue of ₹2,102 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹455.48 Cr (net margin 21.7%) and EBITDA of ₹993.68 Cr (EBITDA margin 47.3%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 43% over five years.
As per MCA filings, the company had satisfied charges of ₹38,824 Cr on record. Court records list 40 cases involving the company, including 30 filed by the company and 10 filed against it; 4 cases are pending.
The last known website on record is bfil.co.in.
Company details
Name history
Bharat Financial Inclusion has undergone 8 name changes throughout its history. The current legal name is Bharat Financial Inclusion Limited.
| Company Name | Status |
|---|---|
| Bharat Financial Inclusion Limited | Current |
| Bharat Microfinance Limited | Previous |
| Bharat Inclusion Limited | Previous |
| India Inclusion Services Limited | Previous |
| Financial Inclusion India Limited | Previous |
| Sks Microfinance Limited | Previous |
| Sks Microfinance Limited | Previous |
| Sks Microfinance Private Limited | Previous |
CIN history
Bharat Financial Inclusion has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L65999MH2003PLC250504, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65999MH2003PLC250504 | Current |
| U65999AP2003PLC041732 | Previous |
| U65999AP2003PTC041732 | Previous |
| L65999AP2003PLC041732 | Previous |
Contact details
Bharat Financial Inclusion Limited's registered office is in Mumbai, Maharashtra. Its website is bfil.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressUnit No 410 Madhava Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, NBFC
To see the full contact details of Bharat Financial Inclusion Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Bharat Financial Inclusion Limited
FY 2018 filings availableBharat Financial Inclusion Limited reported revenue of ₹2,102 Cr (up 22% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 22% growth in the latest year. EBITDA rose 52% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2,102 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹993.68 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹455.48 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 47.3% | |||
| Net Profit Margin | 21.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Bharat Financial Inclusion Limited, buy the company report.
Board of directors and KMP of Bharat Financial Inclusion Limited
Bharat Financial Inclusion Limited currently reports 9 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajender Mohan Malla | Director | 11 Mar 2016 | 10 Years 8 Months | As last reported |
| Ashish Lakhanpal | Director | 24 May 2017 | 9 Years 5 Months | As last reported |
| Hayagreeva Ravikumar Puranam Also directs: Aditya Birla Capital Limited, Samvedna Microfinance Private Limited, Namdev Finvest Private Limited and 5 more | Director | 22 Mar 2006 | 20 Years 7 Months | As last reported |
| Ashish Kumar Damani Also directs: Criss Financial Limited, Caspian Financial Services Limited | Cfo | 18 Apr 2019 | 7 Years 6 Months | As last reported |
| Ramachandra Rao Madapati Also directs: Srifin Credit Private Limited | Managing Director | 20 Jul 2011 | 15 Years 3 Months | As last reported |
| Tarun Khanna | Director | 01 Feb 2008 | 18 Years 9 Months | As last reported |
Auditor
Bharat Financial Inclusion Limited is audited by B S R and Associates LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R and Associates LLP | FY 2018 | 116231W/W100024 |
Shareholding
The shareholding of Bharat Financial Inclusion Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bharat Financial Inclusion Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2019 | 100253441 | Others | ₹3,900 Cr | Satisfied | |
| 25 Feb 2019 | 100244811 | Others | ₹1,543 Cr | Satisfied | |
| 25 Jan 2019 | 100236265 | Others | ₹200 Cr | Satisfied | |
| 03 Sep 2018 | 100203158 | Others | ₹100 Cr | Satisfied | |
| 29 Aug 2018 | 100202340 | Axis Bank Limited | ₹300 Cr | Satisfied |
To see the full charge records of Bharat Financial Inclusion Limited, buy the company report.
Total charge records: 306 View all charges
Legal cases
Bharat Financial Inclusion Limited has 40 court cases on record: 30 filed by Bharat Financial Inclusion, 10 filed against it. 4 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 7 | 4 |
| High courts | 12 | 3 | 0 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Court case (M A C T) | Filed against the company | Pending |
| District court, Jind, Haryana | Criminal miscellaneous application | Filed by the company against State of Haryana | Pending |
| District court, Hyderabad CCC, Telangana | Execution petition | Filed by the company against an individual | Pending |
| District court, Khurda, Odisha | Criminal miscellaneous application | Filed against the company by an individual | Pending |
| District court, Meerut, Uttar Pradesh | Court case (M V Act) | Filed against the company by State of Up | Disposed |
To see the full case history of Bharat Financial Inclusion Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Bharat Financial Inclusion Limited was last rated by Care on 08 Jan 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Jan 2019 |
To see the full credit ratings and regulatory alerts of Bharat Financial Inclusion Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bharat Financial Inclusion Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bharat Financial Inclusion has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Bharat Financial Inclusion Limited, buy the company report.
Recent activity
Bharat Financial Inclusion Limited has 42 board changes on record since 2003: 26 appointments and 16 cessations. The latest: Ashish Kumar Damani was appointed as CFO on 18 Apr 2019.
662 earlier events are in the company report.
News
Frequently asked questions
Bharat Financial Inclusion has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Bharat Financial Inclusion was a public limited company based in Mumbai, Maharashtra, India. The company worked in nbfc, within the financial services industry. It was incorporated on 22 September 2003 and is registered under CIN L65999MH2003PLC250504. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Bharat Financial Inclusion was incorporated on 22 September 2003. It is registered with the Registrar of Companies, Mumbai.
Bharat Financial Inclusion had 10 directors and KMP:
- Ramachandra Rao Madapati - Managing Director
- Rajender Mohan Malla - Director
- Ashish Lakhanpal - Director
- Hayagreeva Ravikumar Puranam - Director
- Tarun Khanna - Director
- Bala Chandran Srinivasan - Director
- Punita Kumar Sinha - Director
- Geoffrey Tanner Woolley - Director
- Sanjay Jain - Nominee Director
- Ashish Kumar Damani - Cfo
The CIN (Corporate Identification Number) of Bharat Financial Inclusion is L65999MH2003PLC250504. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bharat Financial Inclusion is recorded as a listed company by MCA, but its shares were delisted from BSE on 27 May 2020 · merger, and no longer trade on a stock exchange.
The registered office of Bharat Financial Inclusion is at Unit No 410 Madhava Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
Bharat Financial Inclusion can be reached through the website bfil.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Bharat Financial Inclusion on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 26 July 2018. Year-wise statements from 2015 are in the company report.
No. Bharat Financial Inclusion has 10 GST registrations on record and all of them are cancelled or inactive.
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