- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0089931

About Hindusthan Microfinance Private Limited
Data last updated:
Hindusthan Microfinance Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 27 July 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1996PTC101376. Its GSTIN is 27AAFCS8673M1ZJ (Maharashtra). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹13.51 Cr. It was formerly known as Shaarathi Credits and Finance Private Limited. It is led by directors including Nagaraja Venkataramaniya and Satishkumar Gopalkrishnan Rao.
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.1 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹84.85 Lakh (net margin 1.6%) and EBITDA of ₹4.47 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 36% over five years.
The company has about 1,232 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hindusthan Microfinance. As per MCA filings, the company has open charges of ₹23.75 Cr and satisfied charges of ₹140.04 Cr on record. Court records list 32 cases involving the company, including 32 filed by the company; 1 case is pending. The company has 13 deals on record (7 funding rounds, 4 secondary share transfers, 2 rights issues), with disclosed funding of ₹12.41 Cr; the latest was in March 2021. Its 10 peer companies in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC) are compared by revenue, 5 larger and 5 smaller; the largest is Gogia Leasing Limited with revenue of ₹54.8 Cr.
Hindusthan Microfinance Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0089931). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hindusthanmfi.com.
Recognitions & Rankings of Hindusthan Microfinance
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB – 705 7th Floor Sagar Tech Plaza Sakinaka Junction, Kurla Andheri Road Andheri East, Mumbai, Maharashtra, India – 400072
- IndustryFinancial Services, Microfinance Institutions, NBFC
- 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
Associated Brands with Hindusthan Microfinance Private Limited
Hindusthan Microfinance operates one associated brand: Hindusthan Microfinance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| It serves as a micro loans in mumbai. | hindusthanmfi.com |
Business Activity of Hindusthan Microfinance Private Limited
The main business activity of Hindusthan Microfinance 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 Hindusthan Microfinance Private Limited FY 2025 filings available
Hindusthan Microfinance Private Limited reported revenue of ₹54.1 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hindusthan Microfinance Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 19% growth in the latest year. EBITDA fell 1% 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 Hindusthan Microfinance Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.47 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹84.85 Lakh | •••• | •••• | •••• | •••• |
| 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 Hindusthan Microfinance Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Hindusthan Microfinance 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.
Board of Directors and KMP of Hindusthan Microfinance Private Limited
Hindusthan Microfinance Private Limited currently reports 4 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagaraja Venkataramaniya Also directs: Rors Finance Private Limited, South India Finvest Private Limited, Yvu Financial Services Private Limited and 1 more | Director | 24 Jun 2016 | 10 Years 3 Months | Current |
| Satishkumar Gopalkrishnan Rao Also directs: Hindusthan Fincap Consultancy LLP, Novara Capital Private Limited, Copass Technology & Services Private Limited and 1 more | Director | 13 Oct 2014 | 12 Years 0 Months | Current |
| Anil Laxmanrao Jadhav Also directs: Hindusthan Fincap Consultancy LLP, Novara Capital Private Limited, Hindusthan IT Solutions Private Limited and 1 more | Director | 25 Jul 2007 | 19 Years 2 Months | Current |
| Biswa Bandhu Mohanty | Director | 03 Jun 2022 | 4 Years 4 Months | Current |
| Pooja Rohit Jain Also directs: Fiona Ecopack Private Limited | Company Secretary | 06 Jul 2024 | 2 Years 3 Months | Current |
Peer Comparison of Hindusthan Microfinance Private Limited
Hindusthan Microfinance Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gogia Leasing Limited | ₹54.8 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | New Delhi, Delhi, India |
| Valuvanadu Capital Limited | ₹54.63 Cr (FY 2025) | •••• | •••• | 85.0% | •••• | New Delhi, Delhi, India |
| Idf Financial Services Private Limited | ₹54.62 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Amritkunj Capital Markets Ltd | ₹54.17 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Kolkata, West Bengal, India |
| Cliff Trexim Pvt Ltd | ₹54.12 Cr (FY 2025) | •••• | •••• | -57.0% | •••• | Kolkata, West Bengal, India |
| Hindusthan Microfinance Private Limited this company | ₹54.1 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Mag Finserv Company Limited | ₹53.89 Cr (FY 2024) | •••• | •••• | 54.0% | •••• | Phaltan, Maharashtra, India |
| Krone Finstock Private Limited | ₹53.84 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Ahmedabad, Gujarat, India |
| Snapmint Financial Services Private Limited | ₹53.33 Cr (FY 2024) | •••• | •••• | 122.0% | •••• | Mumbai, Maharashtra, India |
| Bhansali Fincom Pvt Ltd | ₹53.14 Cr (FY 2024) | •••• | •••• | 508.0% | •••• | Kolkata, West Bengal, India |
| Goldrock Travels Pvt Ltd | ₹52.9 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Hindusthan Microfinance by revenue in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC), 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 Hindusthan Microfinance Private Limited
Hindusthan Microfinance Private Limited is audited by MANISH SHARMA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANISH SHARMA & ASSOCIATES | 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.
Ownership and Shareholding of Hindusthan Microfinance Private Limited
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 Hindusthan Microfinance Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2024 | State Bank of India | ₹15 Cr | Open |
| 30 Aug 2024 | Others | ₹75 Lakh | Open |
| 29 Mar 2024 | Others | ₹1 Cr | Open |
| 29 Sep 2023 | Others | ₹5 Cr | Open |
| 28 Aug 2010 | State Bank of India | ₹1 Cr | Open |
Total charge records: 45 View all charges
Deals & Funding of Hindusthan Microfinance Private Limited
Hindusthan Microfinance Private Limited has 13 deals on record (7 funding rounds, 4 secondary share transfers, 2 rights issues), with disclosed funding of ₹12.41 Cr; the latest was in March 2021.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2018 | Funding round | ₹4.1 Cr | Investors: 4 individuals |
| Mar 2017 | Rights issue | ₹1 Cr | Investors: 2 individuals |
| Jul 2016 | Funding round | ₹2 Cr | Investors: Small Industries Development Bank of India |
| Mar 2014 | Funding round | ₹1.86 Cr | Investors: NavJyothi Foundation, 3 individuals |
Full deal history
All 13 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Hindusthan Microfinance Private Limited
Hindusthan Microfinance Private Limited has 32 court cases on record: 32 filed by Hindusthan Microfinance. 1 case is pending and 31 are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 0 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against an individual | Disposed |
Full case history
All 32 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 Hindusthan Microfinance Private Limited
Hindusthan Microfinance Private Limited has a workforce of 1,232 employees as of Apr 04, 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 Hindusthan Microfinance Private Limited
Hindusthan Microfinance Private Limited has 17 board changes on record since 2007: 5 appointments and 12 cessations. The latest: Pooja Rohit Jain was appointed as Company Secretary on 06 Jul 2024.
94 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hindusthan Microfinance Private Limited
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 Hindusthan Microfinance Private Limited
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 Hindusthan Microfinance Private Limited
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 Hindusthan Microfinance Private Limited
Hindusthan Microfinance has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCS8673M1ZJ | Maharashtra | Active | 01 Jul 2017 |
| 22AAFCS8673M1ZT | Chhattisgarh | Active | 01 Jul 2017 |
| 23AAFCS8673M1ZR | Madhya Pradesh | Active | 29 Jul 2017 |
| 29AAFCS8673M1ZF | Karnataka | Active | 01 Jun 2019 |
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 Hindusthan Microfinance Private Limited
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 Hindusthan Microfinance Private Limited
Hindusthan Microfinance is an active private limited company based in Mumbai, Maharashtra, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 27 July 1996 (30+ years old) and is registered under CIN U99999MH1996PTC101376.
Hindusthan Microfinance reported revenue of ₹54.1 Cr for FY 2025 (up 19% YoY).
Hindusthan Microfinance has 5 current directors and KMP:
- Nagaraja Venkataramaniya - Director
- Satishkumar Gopalkrishnan Rao - Director
- Anil Laxmanrao Jadhav - Director
- Biswa Bandhu Mohanty - Director
- Pooja Rohit Jain - Company Secretary
Hindusthan Microfinance reported a net profit of ₹84.85 Lakh (net margin 1.6%) and EBITDA of ₹4.47 Cr (EBITDA margin 8.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hindusthan Microfinance is 26% over three years and 36% over five years. In the latest year (FY 2025) revenue rose 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hindusthan Microfinance is 27AAFCS8673M1ZJ, registered in Maharashtra. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 22AAFCS8673M1ZT (Chhattisgarh), 23AAFCS8673M1ZR (Madhya Pradesh), 29AAFCS8673M1ZF (Karnataka).
The CIN (Corporate Identification Number) of Hindusthan Microfinance is U99999MH1996PTC101376. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hindusthan Microfinance has 32 court cases on record: 32 filed by the company. 1 is pending.
Hindusthan Microfinance was incorporated on 27 July 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Hindusthan Microfinance has 13 deals on record (7 funding rounds, 4 secondary share transfers, 2 rights issues), with disclosed funding of ₹12.41 Cr; the latest was in March 2021.
The peers of Hindusthan Microfinance by revenue are Gogia Leasing Limited, Valuvanadu Capital Limited, Idf Financial Services Private Limited, Amritkunj Capital Markets Ltd, Cliff Trexim Pvt Ltd and 5 more, all in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC).