About Bhartiya Micro Credit
Data last updated:
Bhartiya Micro Credit is a private not for profit company based in Lucknow, Uttar Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 17 January 2008.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U65992UP2008NPL034486. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹20 Cr. It is led by directors including Vijay Pandey (Managing Director) and Rakesh Kumar Jindal (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 645/A/57 Plot No. – 15 Janki Vihar Sector – I Jankipuram, Lucknow, Uttar Pradesh, India – 226021.
As per the financials filed for FY 2018, the company reported a revenue of ₹45.05 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹6.21 Cr (net margin 13.8%) and EBITDA of ₹30.51 Cr (EBITDA margin 67.7%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years.
The company has about 67 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹426.43 Cr and satisfied charges of ₹81.34 Cr on record. Court records list 8 cases involving the company, including 8 filed against it; 4 cases are pending.
The last known website on record is bmcindia.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address645/A/57 Plot No. – 15 Janki Vihar Sector – I Jankipuram, Lucknow, Uttar Pradesh, India – 226021
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Business Activity of Bhartiya Micro Credit
The main business activity of Bhartiya Micro Credit is financial and insurance service. In detail, this covers 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
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Bhartiya Micro Credit FY 2018 filings available
Bhartiya Micro Credit reported revenue of ₹45.05 Cr (up 45% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Bhartiya Micro Credit
Revenue has grown at a compounded annual rate (CAGR) of 64% over three years, including 45% growth in the latest year. EBITDA rose 51% 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 of Bhartiya Micro Credit
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹45.05 Cr | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹30.51 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.21 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 of Bhartiya Micro Credit
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 67.7% | •••• | •••• | •••• |
| Net Profit Margin | 13.8% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Bhartiya Micro Credit are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Bhartiya Micro Credit
Bhartiya Micro Credit is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arth Micro Finance Private Limited | ₹51.02 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Jaipur, Rajasthan, India |
| Shriram Chits (Maharashtra) Limited | ₹50.23 Cr (FY 2020) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| National Scheduled Tribes Finance and Development Corporation Co U S 25 | ₹48.46 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Shriramraghavendra Chits Private Ltd | ₹46.94 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Secunderabad, Telangana, India |
| Port City Nidhi Limited | ₹45.17 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Tuticorin, Tamil Nadu, India |
| Bhartiya Micro Credit this company | ₹45.05 Cr (FY 2018) | •••• | •••• | 45.0% | •••• | Lucknow, Uttar Pradesh, India |
| Kodachadri Chits Private Limited | ₹39.12 Cr (FY 2024) | •••• | •••• | 75.0% | •••• | Bangalore, Karnataka, India |
| Geo Bros Muthoot Nidhi Limited | ₹36.41 Cr (FY 2025) | •••• | •••• | 102.0% | •••• | Kollam, Kerala, India |
| Akshara Chit Funds Private Limited | ₹35.33 Cr (FY 2022) | •••• | •••• | 26.0% | •••• | Hanamkonda, Telangana, India |
| B R D Finance Limited | ₹34.38 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Thrissur, Kerala, India |
| Al-Najib Milli Mutual Benefits Nidhi Limited | ₹33.86 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Najibabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Bhartiya Micro Credit by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Bhartiya Micro Credit
Bhartiya Micro Credit is audited by UMESH K AGRAWAL & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| UMESH K AGRAWAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Bhartiya Micro Credit
Bhartiya Micro Credit has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Jindal Also directs: Efficax Resolution Professionals Private Limited | Irp/Rp/Liquidator | 29 Aug 2024 | 2 Years 1 Months | As last reported |
| Krishna Murari Kumar | Director | 03 Sep 2016 | 10 Years 1 Months | As last reported |
| Deepika Malik | Director | 22 Dec 2016 | 9 Years 9 Months | As last reported |
| Vijay Pandey Also directs: Greenwear Clothing LLP, Nimisha Finance India Private Limited, Bhartiya Maya Credit Services Private Limited and 1 more | Managing Director | 17 Jan 2008 | 18 Years 8 Months | As last reported |
Ownership and Shareholding of Bhartiya Micro Credit
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Bhartiya Micro Credit
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jun 2019 | Others | ₹3 Cr | Open |
| 08 Mar 2019 | Others | ₹3 Cr | Open |
| 06 Feb 2019 | Others | ₹5 Cr | Open |
| 29 Nov 2018 | Others | ₹8 Cr | Open |
| 10 Oct 2018 | Others | ₹10 Cr | Open |
Total charge records: 130 View all charges
Legal Cases of Bhartiya Micro Credit
Bhartiya Micro Credit has 8 court cases on record: 8 filed against it. 4 cases are pending and 4 are disposed. Status as checked between 23 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 4 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Lucknow, Uttar Pradesh | Interim or miscellaneous application | Filed against the company by Micro Units Development & Refinance Agency Limited | Pending |
| District court, Lucknow, Uttar Pradesh | Criminal case | Filed against the company by Micro Units Development & Refinance Agency Limited | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Grow Money Capital Private Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Nabfins Limited | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company by Nabfins Limited | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Bhartiya Micro Credit
Bhartiya Micro Credit has a workforce of 67 employees as of Mar 29, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Bhartiya Micro Credit
Bhartiya Micro Credit has 23 board changes on record since 2008: 4 appointments and 19 cessations. The latest: Rakesh Kumar Jindal was appointed as Irp/Rp/Liquidator on 29 Aug 2024.
201 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bhartiya Micro Credit
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- 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 Bhartiya Micro Credit
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- 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 Bhartiya Micro Credit
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Bhartiya Micro Credit
Bhartiya Micro Credit has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Bhartiya Micro Credit
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Bhartiya Micro Credit
Bhartiya Micro Credit is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Bhartiya Micro Credit is a company under insolvency, formerly operating as a private not for profit company based in Lucknow, Uttar Pradesh, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 17 January 2008 and is registered under CIN U65992UP2008NPL034486. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bhartiya Micro Credit reported revenue of ₹45.05 Cr for FY 2018 (up 45% YoY).
Bhartiya Micro Credit has 4 current directors:
- Vijay Pandey - Managing Director
- Krishna Murari Kumar - Director
- Deepika Malik - Director
- Rakesh Kumar Jindal - Irp/Rp/Liquidator
Bhartiya Micro Credit reported a net profit of ₹6.21 Cr (net margin 13.8%) and EBITDA of ₹30.51 Cr (EBITDA margin 67.7%) for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bhartiya Micro Credit is 64% over three years. In the latest year (FY 2018) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Bhartiya Micro Credit is U65992UP2008NPL034486. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhartiya Micro Credit has open charges of ₹426.43 Cr and satisfied charges of ₹81.34 Cr as per latest MCA filings.
Bhartiya Micro Credit has 8 court cases on record: 8 filed against it. 4 are pending. Most are in the district courts.
Bhartiya Micro Credit was incorporated on 17 January 2008. It is registered with the Registrar of Companies, Kanpur.
The peers of Bhartiya Micro Credit by revenue are Arth Micro Finance Private Limited, Shriram Chits (Maharashtra) Limited, National Scheduled Tribes Finance and Development Corporation Co U S 25, Shriramraghavendra Chits Private Ltd, Port City Nidhi Limited and 5 more, all in the BFSI industry (Micro Finance).