About Iqra Microfinance Federation
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Iqra Microfinance Federation is a private not for profit company based in Varanasi, Uttar Pradesh, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 16 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U85310UP2017NPL091366. Its GSTIN is 09AAECI4253L1ZA (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.72 Cr and a paid-up capital of ₹2.66 Cr. It is led by directors including Krishna Pratap Singh and Chandra Mohan Ojha.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 1st And 2nd Floor S – 12/23 A – 1 Piyariya Pokhari Teliyabagh, Varanasi, Uttar Pradesh, India – 221002.
As per the financials filed for FY 2021, the company reported a revenue of ₹38.76 Lakh, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹3.91 Lakh (net margin 10.1%) and EBITDA of ₹5.43 Lakh (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years.
The company is associated with 1 brand: IQRA Micro Finance Federation. The company has 7 deals on record (7 funding rounds), with disclosed funding of ₹2 Cr; the latest was in March 2019. Its 5 peer companies in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 3 smaller; the largest is Saiyogi Nidhi Limited with revenue of ₹39.24 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iqramicrofinance.com.
Company details
Contact details
Iqra Microfinance Federation's registered office is in Varanasi, Uttar Pradesh. Its website is iqramicrofinance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st And 2nd Floor S – 12/23 A – 1 Piyariya Pokhari Teliyabagh, Varanasi, Uttar Pradesh, India – 221002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Iqra Microfinance Federation, 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
Brands
Iqra Microfinance Federation operates one associated brand: IQRA Micro Finance Federation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides microcredit services targeted at poor women's groups for financial empowerment. | iqramicrofinance.com |
Business activity
The main business activity of Iqra Microfinance Federation 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 Iqra Microfinance Federation, buy the company report.
Financials of Iqra Microfinance Federation
FY 2021 filings availableIqra Microfinance Federation reported revenue of ₹38.76 Lakh (down 31% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 33%. EBITDA fell 88% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹5.43 Lakh | ||||
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| Net Profit (PAT) | ₹3.91 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 14% | ||||
| Net Profit Margin | 10.1% | ||||
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To see the full financial statements and ratios of Iqra Microfinance Federation, buy the company report.
Board of directors of Iqra Microfinance Federation
Iqra Microfinance Federation has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Pratap Singh | Director | 08 Jul 2023 | 3 Years 3 Months | Current |
| Chandra Mohan Ojha | Director | 15 Jan 2018 | 8 Years 9 Months | Current |
| Shambhu Sharan Srivastava | Director | 16 Mar 2017 | 9 Years 7 Months | Current |
Peer comparison
Iqra Microfinance Federation is compared with the 5 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Saiyogi Nidhi Limited | ₹39.24 Lakh (FY 2024) | 28.0% | Coimbatore, Tamil Nadu, India | |||
| Chettiar Chits Private Limited | ₹38.94 Lakh (FY 2025) | 56.0% | Chennai, Tamil Nadu, India | |||
| Iqra Microfinance Federationthis company | ₹38.76 Lakh (FY 2021) | ₹3.91 Lakh | 10.1% | -31.0% | Varanasi, Uttar Pradesh, India | |
| Jagini Chit Fund Private Limited | ₹38.57 Lakh (FY 2025) | -2.0% | Nalgonda, Telangana, India | |||
| Puthu Vasantham Chits Private Limited | ₹38.57 Lakh (FY 2024) | -8.0% | Coimbatore, Tamil Nadu, India | |||
| Manasa Nidhi Limited | ₹38.32 Lakh (FY 2025) | -2.0% | Aluva, Kerala, India |
To see the full peer comparison of Iqra Microfinance Federation, buy the company report.
Auditor
Iqra Microfinance Federation is audited by A TANDON & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A TANDON & CO | FY 2019 | 007266C |
Shareholding
The shareholding of Iqra Microfinance Federation is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Iqra Microfinance Federation, buy the company report.
Deals & funding
Iqra Microfinance Federation has 7 deals on record (7 funding rounds), with disclosed funding of ₹2 Cr; the latest was in March 2019.
Deals on record (1 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Funding round | ₹91.4 Lakh | Investors: 4 individuals |
To see the full deal history of Iqra Microfinance Federation, 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 Iqra Microfinance Federation 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 Iqra Microfinance Federation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iqra Microfinance Federation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECI4253L1ZA | Uttar Pradesh | Active | 16 Aug 2017 |
To see the full GST registrations and return filing status of Iqra Microfinance Federation, buy the company report.
Recent activity
Iqra Microfinance Federation has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Krishna Pratap Singh was appointed as Director on 08 Jul 2023.
Frequently asked questions
Iqra Microfinance Federation is an active private not for profit company based in Varanasi, Uttar Pradesh, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 16 March 2017 (9+ years old) and is registered under CIN U85310UP2017NPL091366.
Iqra Microfinance Federation has 3 current directors:
- Krishna Pratap Singh - Director
- Chandra Mohan Ojha - Director
- Shambhu Sharan Srivastava - Director
The latest financial statements of Iqra Microfinance Federation on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Iqra Microfinance Federation is 09AAECI4253L1ZA, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Iqra Microfinance Federation is U85310UP2017NPL091366. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iqra Microfinance Federation was incorporated on 16 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Iqra Microfinance Federation has 7 deals on record (7 funding rounds), with disclosed funding of ₹2 Cr; the latest was in March 2019.
The peers of Iqra Microfinance Federation by revenue are Saiyogi Nidhi Limited, Chettiar Chits Private Limited, Jagini Chit Fund Private Limited, Puthu Vasantham Chits Private Limited, Manasa Nidhi Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Krishna Pratap Singh was appointed as Director on 08 Jul 2023. Apurva Srivastava ceased to be Director on 10 Mar 2021. Chandra Mohan Ojha was appointed as Director on 15 Jan 2018. Iqra Microfinance Federation has 4 board changes on record in total.
Iqra Microfinance Federation can be reached through the website iqramicrofinance.com. Its registered office is in Varanasi, Uttar Pradesh, India.
The registered office of Iqra Microfinance Federation is at 1st And 2nd Floor S – 1223 A – 1 Piyariya Pokhari Teliyabagh, Varanasi, Uttar Pradesh, India – 221002.
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