About Idfc First Bharat Limited
Data last updated:
Idfc First Bharat Limited is a public limited company based in Tiruchirappalli, Tamil Nadu, India, a subsidiary of Idfc First Bank Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 12 May 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65929TN2003PLC050856. Its GSTIN is 33AACCG4482F1ZT (Tamil Nadu). The company holds 14 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹5.58 Cr. It was formerly known as Idfc Bharat Limited and Grama Vidiyal Micro Finance Limited. It is led by directors including Anujeet Vishwanath Varadkar (Managing Director) and Narasimhan Seshadri.
Its last annual general meeting (AGM) was held on 18 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S.A.N.Complex No.4 Williamsroad Cantonment, Tiruchirappalli, Tamil Nadu, India – 620001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,008.01 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹9.46 Cr (net margin 0.9%) and EBITDA of ₹51 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 22% over five years.
The company has about 16,860 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Idfc Bharat and GVMFL. As per MCA filings, the company has open charges of ₹14.12 Cr and satisfied charges of ₹5,030.63 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website idfcbharat.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressS.A.N.Complex No.4 Williamsroad Cantonment, Tiruchirappalli, Tamil Nadu, India – 620001
- IndustryFinancial Services, 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
Name History of Idfc First Bharat Limited
Idfc First Bharat has undergone 3 name changes throughout its history. The company was previously known as Idfc Bharat Limited, Grama Vidiyal Micro Finance Limited, and Grama Vidiyal Micro Finance Private Limited. The current legal name is Idfc First Bharat Limited.
| Company Name | Status |
|---|---|
| Idfc First Bharat Limited | Current |
| Idfc Bharat Limited | Previous |
| Grama Vidiyal Micro Finance Limited | Previous |
| Grama Vidiyal Micro Finance Private Limited | Previous |
CIN History of Idfc First Bharat Limited
Idfc First Bharat has one previous CIN (Corporate Identification Number): U65929TN2003PTC050856. The current CIN is U65929TN2003PLC050856, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65929TN2003PLC050856 | Current |
| U65929TN2003PTC050856 | Previous |
Associated Brands with Idfc First Bharat Limited
Idfc First Bharat operates two associated brands: IDFC BHARAT and GVMFL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A private sector bank offering personal and corporate banking services, including loans, accounts, cards, and digital solutions. | idfcbharat.com | |
| Micro Loans in Tamil Nadu | gvmfl.com |
Competitors & Alternatives of Idfc First Bharat Limited
Brands and companies operating in the same space as Idfc First Bharat Limited include AU Small Finance Bank, Ujjivan Small Finance Bank, ESAF and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 AU Small Finance Bank | Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | Jaipur, India | 1996 |
 Ujjivan Small Finance Bank | Small finance services are extended to underserved segments in India. | Bengaluru, India | 2005 |
 ESAF | Microfinance banking services are offered in India by ESAF. | Thrissur, India | 1992 |
 Jana Small Finance Bank | Microfinance bank | Bengaluru, India | 1999 |
 Suryoday | Small finance bank offering savings accounts, deposits, and loan products | Mumbai, India | 2008 |
 Yes Bank | Commercial banking services are offered to individuals and businesses. | Mumbai, India | 2004 |
 Axis Bank | Provider of a commercial banking services | Mumbai, India | 1993 |
 Equitas Small Finance Bank | Small finance bank | Chennai, India | 2007 |
 RBL Bank | Commercial banking services for personal and business needs are provided. | Mumbai, India | 1943 |
 Catholic Syrian Bank | Comprehensive banking services are offered to retail and corporate clients. | Thrissur, India | 1920 |
Business Activity of Idfc First Bharat Limited
The main business activity of Idfc First Bharat is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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.
Auditor Details of Idfc First Bharat Limited
Idfc First Bharat Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co LLP | 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 Idfc First Bharat Limited
Idfc First Bharat has 6 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Krishnamoorthy Also directs: Trogon Grove Private Limited | Nominee Director | 05 Jun 2024 | 2 Years 4 Months | Current |
| Pradeep Natarajan Also directs: Idfc First Bank Limited | Nominee Director | 15 Jul 2024 | 2 Years 2 Months | Current |
| Shikha Hora Kamdar | Nominee Director | 05 Jun 2024 | 2 Years 4 Months | Current |
| Ashish Singh | Nominee Director | 17 Jan 2018 | 8 Years 8 Months | Current |
| Narasimhan Seshadri Also directs: Aksaraa Professionals LLP, Uti Alternatives Private Limited | Director | 03 May 2019 | 7 Years 5 Months | Current |
| Anujeet Vishwanath Varadkar | Managing Director | 05 Sep 2025 | 1 Years 1 Months | Current |
Financials of Idfc First Bharat Limited FY 2025 filings available
Idfc First Bharat Limited reported revenue of ₹1,008.01 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Idfc First Bharat Limited
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 53% 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 Idfc First Bharat 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 | ₹51 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.46 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 Idfc First Bharat Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 Idfc First Bharat 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.
Ownership and Shareholding of Idfc First Bharat 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 Idfc First Bharat Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Dec 2025 | Others | ₹9.19 Lakh | Open |
| 22 Dec 2025 | Others | ₹8.55 Lakh | Open |
| 12 Dec 2025 | Others | ₹9.61 Lakh | Open |
| 09 Dec 2025 | Others | ₹8.96 Lakh | Open |
| 04 Dec 2025 | Others | ₹11.75 Lakh | Open |
Total charge records: 291 View all charges
Employees and EPFO Compliance at Idfc First Bharat Limited
Idfc First Bharat Limited has a workforce of 16,860 employees as of Apr 07, 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.
GST Compliance of Idfc First Bharat Limited
Idfc First Bharat has 14 GST registrations: 14 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCG4482F1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 33AACCG4482F2ZS | Tamil Nadu | Active | 22 Sep 2022 |
| 24AACCG4482F1ZS | Gujarat | Active | 01 Jul 2017 |
| 27AACCG4482F1ZM | Maharashtra | Active | 01 Jul 2017 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Idfc First Bharat 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 Idfc First Bharat 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 Idfc First Bharat 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.
MCA Filings & Documents of Idfc First Bharat 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.
Recent Activity on Idfc First Bharat Limited
Recent News on Idfc First Bharat Limited
Frequently Asked Questions about Idfc First Bharat Limited
Idfc First Bharat is an active public limited company based in Tiruchirappalli, Tamil Nadu, India. The company works in nbfc, within the financial services industry. It was incorporated on 12 May 2003 (23+ years old) and is registered under CIN U65929TN2003PLC050856.
Idfc First Bharat reported revenue of ₹1,008.01 Cr for FY 2025 (down 1% YoY).
Idfc First Bharat has 6 current directors:
- Anujeet Vishwanath Varadkar - Managing Director
- Rajesh Krishnamoorthy - Nominee Director
- Pradeep Natarajan - Nominee Director
- Shikha Hora Kamdar - Nominee Director
- Ashish Singh - Nominee Director
- Narasimhan Seshadri - Director
Idfc First Bharat reported a net profit of ₹9.46 Cr (net margin 0.9%) and EBITDA of ₹51 Cr (EBITDA margin 5.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Idfc First Bharat is 22% over five years. In the latest year (FY 2025) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Idfc First Bharat is 33AACCG4482F1ZT, registered in Tamil Nadu. The company has 14 GST registrations in all, of which 14 are active. Other active GSTINs include 33AACCG4482F2ZS (Tamil Nadu), 24AACCG4482F1ZS (Gujarat), 27AACCG4482F1ZM (Maharashtra).
The CIN (Corporate Identification Number) of Idfc First Bharat is U65929TN2003PLC050856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Idfc First Bharat was incorporated on 12 May 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chennai.
Idfc First Bharat can be reached through the website idfcbharat.com. Its registered office is in Tiruchirappalli, Tamil Nadu, India.