Choudhary Microfinance Foundation
About Choudhary Microfinance Foundation
Data last updated:
Choudhary Microfinance Foundation is a private not for profit company based in Mandawar, Rajasthan, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 22 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65990RJ2016NPL055565.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Rakesh and Satpal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mandawar, Rajasthan.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.28 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹2.64 Lakh (net margin -206.5%) and EBITDA of -₹2.64 Lakh (EBITDA margin -206.5%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 10% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Choudhary Microfinance Foundation's registered office is in Mandawar, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressTiba Wala Mohalla, Mator, Mandawar, Rajasthan, India – 301404
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Choudhary Microfinance Foundation, 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
Business activity
The main business activity of Choudhary Microfinance Foundation is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Choudhary Microfinance Foundation, buy the company report.
Financials of Choudhary Microfinance Foundation
FY 2024 filings availableChoudhary Microfinance Foundation reported revenue of ₹1.28 Lakh (down 63% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 63% fall in the latest year. EBITDA rose 77% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹2.64 Lakh | ||||
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| Net Profit (PAT) | -₹2.64 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -206.5% | ||||
| Net Profit Margin | -206.5% | ||||
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To see the full financial statements and ratios of Choudhary Microfinance Foundation, buy the company report.
Board of directors of Choudhary Microfinance Foundation
Choudhary Microfinance Foundation has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Also directs: Mator India Nidhi Limited | Additional Director | 22 Apr 2025 | 1 Years 6 Months | Current |
| Satpal | Additional Director | 22 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Choudhary Microfinance Foundation is compared with the 7 companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sapthagiris Mutual Nidhi Limited | ₹1.39 Lakh (FY 2024) | 13.0% | Salem, Tamil Nadu, India | |||
| Kamaraju Dandapani Chits Private Limited | ₹1.36 Lakh (FY 2021) | 225.0% | Proddatur, Andhra Pradesh, India | |||
| Udham Singh Nagar Nidhi Limited | ₹1.32 Lakh (FY 2023) | -40.0% | Kichha, Uttarakhand, India | |||
| Choudhary Microfinance Foundationthis company | ₹1.28 Lakh (FY 2024) | -₹2.64 Lakh | -206.5% | -63.0% | Mandawar, Rajasthan, India | |
| Yash Jankhushali Micro Finance | ₹1.28 Lakh (FY 2018) | Varanasi, Uttar Pradesh, India | ||||
| Swezo Nidhi Limited | ₹1.26 Lakh (FY 2018) | Rewari, Haryana, India | ||||
| Atrinandan Finance Nidhi Limited | ₹1.26 Lakh (FY 2023) | Aurangabad, Maharashtra, India | ||||
| Aimznow Nidhi Limited | ₹1.23 Lakh (FY 2025) | -28.0% | Nilambur, Kerala, India |
To see the full peer comparison of Choudhary Microfinance Foundation, buy the company report.
Auditor
Choudhary Microfinance Foundation is audited by MUNDRA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUNDRA & CO | FY 2019 | 013023C |
Shareholding
The shareholding of Choudhary Microfinance Foundation is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Choudhary Microfinance Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Choudhary Microfinance Foundation are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Choudhary Microfinance Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Choudhary Microfinance Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Choudhary Microfinance Foundation has 10 board changes on record since 2019: 2 appointments and 8 cessations. The latest: Kaushal Pratap Singh ceased to be Director on 29 Apr 2025.
1 earlier event is in the company report.
Frequently asked questions
Choudhary Microfinance Foundation is an active private not for profit company based in Mandawar, Rajasthan, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 22 July 2016 (10+ years old) and is registered under CIN U65990RJ2016NPL055565.
The latest financial statements of Choudhary Microfinance Foundation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Choudhary Microfinance Foundation is U65990RJ2016NPL055565. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Choudhary Microfinance Foundation was incorporated on 22 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Choudhary Microfinance Foundation by revenue are Sapthagiris Mutual Nidhi Limited, Kamaraju Dandapani Chits Private Limited, Udham Singh Nagar Nidhi Limited, Yash Jankhushali Micro Finance, Swezo Nidhi Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Kaushal Pratap Singh ceased to be Director on 29 Apr 2025. Rubi ceased to be Director on 29 Apr 2025. Rakesh was appointed as Additional Director on 22 Apr 2025. Choudhary Microfinance Foundation has 10 board changes on record in total.
The registered office of Choudhary Microfinance Foundation is at Tiba Wala Mohalla, Mator, Mandawar, Rajasthan, India – 301404.
Choudhary Microfinance Foundation operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Choudhary Microfinance Foundation is compliant as of 22 August 2026. The company is actively filing with the Registrar of Companies.
Choudhary Microfinance Foundation can be reached at its registered office: Tiba Wala Mohalla, Mator, Mandawar, Rajasthan, India – 301404.