About Inditrade Microfinance Limited
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Inditrade Microfinance Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Inditrade Capital Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 29 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2016PLC306585. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹59 Cr and a paid-up capital of ₹57.06 Cr. It was formerly known as Tree Microfinance Limited. It is led by directors including Jhuma Guha and Vijay Chugh.
Its last annual general meeting (AGM) was held on 07 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹42.96 Cr, a decline of 12.68% compared to the previous year.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹179.75 Cr and satisfied charges of ₹488.6 Cr on record. Court records list 18 cases involving the company, including 3 filed by the company and 15 filed against it; 14 cases are pending. The company has 15 deals on record (7 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹62.93 Cr; the latest was in January 2024. Its 6 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 5 smaller; the largest is Freemen Investments Pvt Ltd with revenue of ₹31.06 Cr. The company has 3 MSME Form 1 returns on record between 2023 and 2024, listing 21 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website inditrade.com.
Company details
CIN history
Inditrade Microfinance has one previous CIN (Corporate Identification Number): U67190TN2016PLC103904. The current CIN is U67190MH2016PLC306585, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190MH2016PLC306585 | Current |
| U67190TN2016PLC103904 | Previous |
Contact details
Inditrade Microfinance Limited's registered office is in Mumbai, Maharashtra. Its website is inditrade.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressT – 7C 5th Floor Phoenix House, Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Inditrade Microfinance 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
Inditrade Microfinance operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Inditrade Microfinance Limited, buy the company report.
Financials of Inditrade Microfinance Limited
FY 2024 filings availableInditrade Microfinance Limited reported revenue of ₹42.96 Cr (down 12.68% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12.68% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹42.96 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Inditrade Microfinance Limited, buy the company report.
Board of directors of Inditrade Microfinance Limited
Inditrade Microfinance has 4 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jhuma Guha Also directs: Inditrade Capital Limited, Inditrade Fincorp Limited, Inditrade Technologies Limited and 3 more | Director | 02 Nov 2017 | 9 Years 0 Months | Current |
| Vijay Chugh Also directs: Inditrade Fincorp Limited, Arka Fincap Limited | Director | 03 May 2018 | 8 Years 5 Months | Current |
| Kerachan Ayyappan Somasekharan | Director | 19 May 2016 | 10 Years 5 Months | Current |
| Subroto Chattopadhyay | Director | 03 May 2018 | 8 Years 5 Months | Current |
Peer comparison
Inditrade Microfinance Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized 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 |
|---|---|---|---|---|---|---|
| Inditrade Microfinance Limitedthis company | ₹42.96 Cr (FY 2023) | -12.7% | 1 | Mumbai, Maharashtra, India | ||
| Freemen Investments Pvt Ltd | ₹31.06 Cr (FY 2024) | 212.0% | Ernakulam, Kerala, India | |||
| Rishra Investments Ltd | ₹30.78 Cr (FY 2019) | 401.0% | Kolkata, West Bengal, India | |||
| Bizloan Private Limited | ₹30.71 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Swara Fincare Limited | ₹30.68 Cr (FY 2025) | 63.0% | New Delhi, Delhi, India | |||
| Singularity Holdings Limited | ₹30.45 Cr (FY 2019) | -31.0% | Mumbai, Maharashtra, India | |||
| Apollo Finvest (India) Limited | ₹30.44 Cr (FY 2025) | 44.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Inditrade Microfinance Limited, buy the company report.
Auditor
Inditrade Microfinance Limited is audited by A. S. A. & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. S. A. & Associates LLP | FY 2022 | 009571N/N500006 |
Shareholding
The shareholding of Inditrade Microfinance Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Inditrade Microfinance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2024 | 100903929 | Others | ₹3.75 Cr | Open | |
| 27 Feb 2023 | 100688312 | Others | ₹3 Cr | Open | |
| 20 Sep 2022 | 100613874 | Others | ₹5 Cr | Open | |
| 29 Mar 2022 | 100559326 | Others | ₹10 Cr | Open | |
| 10 Feb 2022 | 100535368 | Others | ₹20 Cr | Open |
To see the full charge records of Inditrade Microfinance Limited, buy the company report.
Total charge records: 88 View all charges
Deals & funding
Inditrade Microfinance Limited has 15 deals on record (7 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹62.93 Cr; the latest was in January 2024.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round | ₹10 Cr | Investors: Inditrade Fincorp Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Inditrade Fincorp Limited Seller: Inditrade Business Consultants Limited |
| Aug 2019 | Funding round | ₹10 Cr | Investors: Inditrade Capital Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Juno Moneta Technologies Private Limited , 3 individuals |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Maximal Finance and Investments Limited , Juno Moneta Technologies Private Limited Seller: A T Invofin India Private Limited |
To see the full deal history of Inditrade Microfinance 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
Inditrade Microfinance Limited has 18 court cases on record: 3 filed by Inditrade Microfinance, 15 filed against it. 14 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 12 |
| High courts | 5 | 4 | 2 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Kissandhan Agri Financial Services Pvt Ltd | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (MARJI) | Filed by the company against The Phoenix Mills Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Idfc First Bank Limited Through Abhishek Mahajan | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Idfc First Bank Limited Through Mr. Abhishek Mahajan Senior Manager | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by The Phoenix Mills Limited Through Anuja Abhayankar | Pending |
To see the full case history of Inditrade Microfinance Limited, buy the company report.
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.
MSME payment delays
Inditrade Microfinance Limited has 3 MSME Form 1 returns on record between 2023 and 2024, listing 21 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Volksoft Consulting Private Limited | |||
| Fino Payments Bank Limited | |||
| Catalyst Trusteeship Limited | |||
| Nmah & Co |
To see the full MSME payment records of Inditrade Microfinance Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Inditrade Microfinance has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Employees & EPFO
Inditrade Microfinance Limited has a workforce of 1 employees on its EPFO records as of Feb 23, 2026, across 1 active EPFO establishment.
GST
Inditrade Microfinance has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Inditrade Microfinance Limited, buy the company report.
Recent activity
Inditrade Microfinance Limited has 25 board changes on record since 2016: 5 appointments and 20 cessations. The latest: Sree Ramachandran Biju ceased to be CFO on 15 May 2025.
180 earlier events are in the company report.
News
Frequently asked questions
Inditrade Microfinance is an active public limited company based in Mumbai, Maharashtra, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 29 January 2016 (10+ years old) and is registered under CIN U67190MH2016PLC306585.
Inditrade Microfinance has 4 current directors:
- Jhuma Guha - Director
- Vijay Chugh - Director
- Kerachan Ayyappan Somasekharan - Director
- Subroto Chattopadhyay - Director
The latest financial statements of Inditrade Microfinance on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 07 August 2024. Year-wise statements from FY 2016 are in the company report.
No. Inditrade Microfinance has 10 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Inditrade Microfinance is U67190MH2016PLC306585. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inditrade Microfinance has 18 court cases on record: 3 filed by the company and 15 filed against it. 14 are pending. Most are in the district courts.
Inditrade Microfinance was incorporated on 29 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Inditrade Microfinance has 15 deals on record (7 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹62.93 Cr; the latest was in January 2024.
The peers of Inditrade Microfinance by revenue are Freemen Investments Pvt Ltd, Rishra Investments Ltd, Bizloan Private Limited, Swara Fincare Limited, Singularity Holdings Limited and 1 more, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities).
Sree Ramachandran Biju ceased to be CFO on 15 May 2025. Kausar Ali Shaikhmansoori ceased to be Company Secretary on 05 Jul 2024. Ravi Prakash Jain ceased to be CFO on 04 Mar 2024. Inditrade Microfinance has 25 board changes on record in total.
Inditrade Microfinance has 3 MSME Form 1 returns on record between 2023 and 2024, listing 21 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Inditrade Microfinance can be reached through the website inditrade.com. Its registered office is in Mumbai, Maharashtra, India.
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