About Grameen Development & Finance Private Limited
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Grameen Development & Finance Private Limited is a private limited company based in Kamrup, Assam, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 20 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U65921AS1999PTC011755. Its GSTIN is 18AAFCS6869P1ZA (Assam). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹7.45 Cr. It was formerly known as Sharnarthi Leasing and Finance Pvt. Ltd. It is led by directors including Sarat Chandra Das (Managing Director) and Tapan Chandra Kalita.
Its last annual general meeting (AGM) was held on 28 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Grameen Sahara Vill – Dubjeni Kulsi Road Chhaygaon, Kamrup, Assam, India – 781124.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.8 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹43.54 Lakh (net margin 4%) and EBITDA of ₹5.48 Cr (EBITDA margin 50.7%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 2% over five years.
The company has about 95 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GDFPL. As per MCA filings, the company has open charges of ₹91 Cr and satisfied charges of ₹164.06 Cr on record. The company has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹6.59 Cr; the latest was in March 2019. Its 5 peer companies in the BFSI industry (Finance, Micro Finance Institutions, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 3 smaller; the largest is The United Investment Co. Private Limited with revenue of ₹10.84 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gdfpl.com.
Company details
CIN history
Grameen Development & Finance has one previous CIN (Corporate Identification Number): U65921PB1999PTC022883. The current CIN is U65921AS1999PTC011755, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921AS1999PTC011755 | Current |
| U65921PB1999PTC022883 | Previous |
Contact details
Grameen Development & Finance Private Limited's registered office is in Kamrup, Assam. Its website is gdfpl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGrameen Sahara Vill – Dubjeni Kulsi Road Chhaygaon, Kamrup, Assam, India – 781124
- IndustryFinancial Services, NBFC, Microfinance Institutions
To see the full contact details of Grameen Development & Finance Private 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
Business activity
The main business activity of Grameen Development & Finance 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 Grameen Development & Finance Private Limited, buy the company report.
Financials of Grameen Development & Finance Private Limited
FY 2025 filings availableGrameen Development & Finance Private Limited reported revenue of ₹10.8 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 11% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 7% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹5.48 Cr | ||||
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| Net Profit (PAT) | ₹43.54 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 50.7% | ||||
| Net Profit Margin | 4% | ||||
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To see the full financial statements and ratios of Grameen Development & Finance Private Limited, buy the company report.
Board of directors of Grameen Development & Finance Private Limited
Grameen Development & Finance has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tapan Chandra Kalita | Director | 26 Aug 2023 | 3 Years 2 Months | Current |
| Veekash Kumar Agarwal | Nominee Director | 29 Mar 2025 | 1 Years 7 Months | Current |
| Sarat Chandra Das Also directs: Kulsi Entrepreneurs Private Limited | Managing Director | 27 Jul 2010 | 16 Years 3 Months | Current |
| Tilak Das Also directs: Agribznz Solutions India Private Limited | Director | 28 Sep 2015 | 11 Years 1 Months | Current |
Peer comparison
Grameen Development & Finance Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Finance, Micro Finance Institutions, Small Non Deposit NBFC), 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 |
|---|---|---|---|---|---|---|
| The United Investment Co. Private Limited | ₹10.84 Cr (FY 2025) | -35.0% | Kolkata, West Bengal, India | |||
| Cicago Commodities Pvt. Ltd. | ₹10.82 Cr (FY 2025) | 0.0% | West Bengal, India | |||
| Grameen Development & Finance Private Limitedthis company | ₹10.8 Cr (FY 2025) | ₹43.54 Lakh | 4% | 11.0% | 95 | Kamrup, Assam, India |
| DM Group Investments Private Limited | ₹10.79 Cr (FY 2025) | 19.0% | Kolkata, West Bengal, India | |||
| Victora Stock-Invest Private Limited | ₹10.78 Cr (FY 2025) | 22.0% | New Delhi, Delhi, India | |||
| Aristo Traders Pvt Ltd | ₹10.75 Cr (FY 2024) | -14.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Grameen Development & Finance Private Limited, buy the company report.
Auditor
Grameen Development & Finance Private Limited is audited by D PATWARY & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D PATWARY & CO | FY 2023 | 324523E |
Shareholding
The shareholding of Grameen Development & Finance Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Grameen Development & Finance Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Dec 2025 | 101194112 | Others | ₹3.5 Cr | Open | |
| 20 Aug 2025 | 101139786 | Others | ₹10 Cr | Open | |
| 22 Nov 2024 | 101004266 | Others | ₹3 Cr | Open | |
| 12 Jul 2024 | 100945202 | Others | ₹15 Cr | Open | |
| 23 May 2024 | 100922599 | Others | ₹2 Cr | Open |
To see the full charge records of Grameen Development & Finance Private Limited, buy the company report.
Total charge records: 50 View all charges
Deals & funding
Grameen Development & Finance Private Limited has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹6.59 Cr; the latest was in March 2019.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2018 | Funding round | ₹2.99 Cr | Investors: North Eastern Development Finance Corporation Limited , 3 individuals |
| Jul 2015 | Rights issue | ₹35 Lakh | Investors: 4 individuals |
| Mar 2015 | Funding round | ₹50 Lakh | Investors: North Eastern Development Finance Corporation Limited |
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: P & G Corporate Services Private Limited, 3 individuals Seller: 2 individuals |
To see the full deal history of Grameen Development & Finance Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Grameen Development & Finance Private Limited 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 Grameen Development & Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Grameen Development & Finance Private Limited has a workforce of 95 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Grameen Development & Finance has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AAFCS6869P1ZA | Assam | Active | 01 Jul 2017 |
| 13AAFCS6869P1ZK | Nagaland | Active | 01 Jul 2017 |
| 17AAFCS6869P1ZC | Meghalaya | Active | 01 Jul 2017 |
| 15AAFCS6869P1ZG | Mizoram | Active | 03 Apr 2019 |
To see the full GST registrations and return filing status of Grameen Development & Finance Private Limited, buy the company report.
Recent activity
Grameen Development & Finance Private Limited has 13 board changes on record since 2010: 4 appointments and 9 cessations. The latest: Srijib Kumar Baruah ceased to be Nominee Director on 29 Mar 2025.
93 earlier events are in the company report.
Frequently asked questions
Grameen Development & Finance is an active private limited company based in Kamrup, Assam, India. The company works in nbfc, within the financial services industry. It was incorporated on 20 July 1989 (37+ years old) and is registered under CIN U65921AS1999PTC011755.
Grameen Development & Finance has 4 current directors:
- Sarat Chandra Das - Managing Director
- Tapan Chandra Kalita - Director
- Veekash Kumar Agarwal - Nominee Director
- Tilak Das - Director
The latest financial statements of Grameen Development & Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Grameen Development & Finance is 18AAFCS6869P1ZA, registered in Assam. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 13AAFCS6869P1ZK (Nagaland), 17AAFCS6869P1ZC (Meghalaya), 15AAFCS6869P1ZG (Mizoram).
The CIN (Corporate Identification Number) of Grameen Development & Finance is U65921AS1999PTC011755. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grameen Development & Finance was incorporated on 20 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Guwahati.
Grameen Development & Finance has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹6.59 Cr; the latest was in March 2019.
The peers of Grameen Development & Finance by revenue are The United Investment Co. Private Limited, Cicago Commodities Pvt. Ltd, DM Group Investments Private Limited, Victora Stock-Invest Private Limited, Aristo Traders Pvt Ltd, all in the BFSI industry (Finance, Micro Finance Institutions, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Srijib Kumar Baruah ceased to be Nominee Director on 29 Mar 2025. Veekash Kumar Agarwal was appointed as Nominee Director on 29 Mar 2025. Mrinal Baishya ceased to be Director on 26 Aug 2023. Grameen Development & Finance has 13 board changes on record in total.
Grameen Development & Finance can be reached through the website gdfpl.com. Its registered office is in Kamrup, Assam, India.
The registered office of Grameen Development & Finance is at Grameen Sahara Vill – Dubjeni Kulsi Road Chhaygaon, Kamrup, Assam, India – 781124.
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