About
Basic Data Updated:
23 days agoIndia Mortgage Guarantee Corporation Private Limited, previously known as Genworth Financial Mortgage Guaranty India Private Limited, is a company that operates in the mortgage guarantee industry in India. The company's main objective, as stated in its credit rating report, is to provide mortgage guarantee services to its clients. These services are regulated by the Reserve Bank of India (RBI), which has specific guidelines for Mortgage Guarantee Companies (MGCs). According to these regulations, an MGC cannot be a subsidiary of any other company, and no shareholder can hold a controlling stake in the company. The company was established in 2006 and is headquartered in Delhi.
Industry
Company Details
- Location
South West Delhi, Delhi, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U65922DL2006FTC153640 |
| Company No. | 153640 |
| Company Classification | Private Limited Foreign Company Incorporated In India |
| Incorporation Date | 13 Sep 2006 |
| Date of AGM | 25 Aug 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Delhi |
Financials of India Mortgage Guarantee Corporation Private Limited
India Mortgage Guarantee Corporation Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 22.12% increase. The company also saw a substantial improvement in profitability, with a 47.39% increase in profit. The company's net worth dipped by a decrease of 8.97%.
Corporate Structure
Unlock access to India Mortgage Guarantee Corporation's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in India Mortgage Guarantee Corporation Private Limited
Unlock and access historical data on people associated with India Mortgage Guarantee Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (2)
MM
Mahesh Misra
Managing DirectorAppointment Date: 22-Jun-2023
Status: Current
PJ
Puneet Jolly Company SecretaryAppointment Date: 24-Feb-2024
Status: Current
Board Members(8)
Charges (Loans)
There are no open charges registered against the company as per our records.
Deals i
Gain comprehensive insights into the Deals and Valuation data of India Mortgage Guarantee Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped India Mortgage Guarantee Corporation's trajectory.
Rating
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Alert
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Related Corporates (Common Directorship)
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Active
16 years 7 months Supratim Bandyopadhyay is a mutual person
Recent activity within the organization
Director Appointment
Supratim Bandyopadhyay was appointed as a Additional Director was appointed as a Additional Director on 01 Apr 2024 & has been associated with this company since 1 month 18 days .
01 Apr 2024Director Appointment
Puneet Jolly was appointed as a Company Secretary was appointed as a Company Secretary on 24 Feb 2024 & has been associated with this company since 2 months 27 days .
24 Feb 2024Director Appointment
Christopher Chongho Ahn was appointed as a Nominee Director was appointed as a Nominee Director on 22 Feb 2024 & has been associated with this company since 2 months 29 days .
22 Feb 2024Director Appointment
Matthew Robert Young was appointed as a Nominee Director was appointed as a Nominee Director on 22 Feb 2024 & has been associated with this company since 2 months 29 days .
22 Feb 2024Annual General Meeting
India Mortgage Guarantee Corporation Private Limited last Annual general meeting of members was held on 25 Aug 2023 as per latest MCA records.
25 Aug 2023
Recent News, Updates & Announcement
HDFC and IMGC Join Forces to Provide MortgageGuaranteed Home Loans Boosting Affordable Housing in India.HDFC and IMGC partner to offer mortgageguaranteed home loans making it easier for people to own their dream homes This will also help HDFC to offer more loans and support the governments PMAY scheme The partnership will cater to a wide range of customers and is gaining popularity in the Indian housing finance sector Mortgage guarantee is a wellestablished concept in other countries and is now growing in India.
mint 15 May 2019
- LIC Housing Finance joins hands with IMGC to provide long term home loans to borrowers.
The Indian Wire 05 Mar 2019
- LIC Housing Finance to offer home loans up to 75 years of age Details here.
With this new product LIC will be able to increase its market penetration as it can now cater to more borrowers and ease restrictions on the profile of applicants who face rejections related to work profile.
Times Now 05 Mar 2019
- Axis Bank Partners with India Mortgage Guarantee Corporation IMGC.
Newsexperts 26 Oct 2018
- SBI Mortgage Guarantee team up for home loans.
India Business News Mumbai Loans to the nonsalaried will gather pace as the India Mortgage Guarantee Corporation IMGC partners with SBI to provide a cover for this se.
Times Of India 20 Mar 2018
Frequently asked questions
What is the Incorporation or founding date of India Mortgage Guarantee Corporation Private Limited?
