About Jagaran Microfin Private Limited
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Jagaran Microfin Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Gtfs Multi Services Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 12 January 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74210WB1993PTC057457. Its GSTIN is 19AADCS8083R1ZC (West Bengal). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹72.93 Cr. It was formerly known as Sbt Consultants Pvt Ltd. It is led by directors including Jaydeep Ghosh (Managing Director) and Sourav Ghosh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5th Floor 38 Hemanta Basu Sarani, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2024, the company reported a revenue of ₹77.67 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹35.55 Cr (net margin -45.8%) and EBITDA of ₹4.61 Cr (EBITDA margin 5.9%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
The company has about 776 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Jagaran Microfin. As per MCA filings, the company has open charges of ₹589.88 Cr and satisfied charges of ₹1,949.35 Cr on record. The company has 31 deals on record (21 secondary share transfers, 6 funding rounds, 3 debt financings), with disclosed funding of ₹116.18 Cr; the latest was in October 2025. Its 8 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 4 smaller; the largest is M.G.F. Growth Research and Invesmart Limited with revenue of ₹78.83 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jagaranmf.com.
Company details
Contact details
Jagaran Microfin Private Limited's registered office is in Kolkata, West Bengal. Its website is jagaranmf.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address5th Floor 38 Hemanta Basu Sarani, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Jagaran Microfin Private 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
Brands
Jagaran Microfin operates one associated brand: Jagaran Microfin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Micro loans are provided to low-income women in West Bengal. | jagaranmf.com |
Business activity
The main business activity of Jagaran Microfin 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 Jagaran Microfin Private Limited, buy the company report.
Financials of Jagaran Microfin Private Limited
FY 2025 filings availableJagaran Microfin Private Limited reported revenue of ₹77.67 Cr (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA fell 89% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.61 Cr | ||||
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| Net Profit (PAT) | -₹35.55 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | -45.8% | ||||
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To see the full financial statements and ratios of Jagaran Microfin Private Limited, buy the company report.
Board of directors and KMP of Jagaran Microfin Private Limited
Jagaran Microfin Private Limited currently reports 8 directors and 1 key managerial person. 33 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sourav Ghosh Also directs: Citi Abasan Private Limited, Vision Conclave Private Limited, Gomati Constructions Private Limited and 5 more | Whole-Time Director | 08 Mar 2019 | 7 Years 7 Months | Current |
| Subrata Gupta | Director | 11 Apr 2022 | 4 Years 6 Months | Current |
| Aatreyee Majumder Also directs: Ishari Apparel LLP, Citi Awas Private Limited, Shankar Realcon Private Limited and 5 more | Whole-Time Director | 14 Nov 2019 | 6 Years 11 Months | Current |
| Rana Som Also directs: Midwest Limited, Sumedha Fiscal Services Ltd, Bengal Birbhum Coalfields Limited and 5 more | Director | 28 Sep 2021 | 5 Years 0 Months | Current |
| Sandip Das | Nominee Director | 24 Jun 2024 | 2 Years 4 Months | Current |
| Anuradha Gupta Also directs: Mcnally Bharat Engg Co Ltd, Weegro BC Private Limited, Asa International India Microfinance Limited and 1 more | Director | 16 May 2024 | 2 Years 5 Months | Current |
Peer comparison
Jagaran Microfin Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Small 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 |
|---|---|---|---|---|---|---|
| M.G.F. Growth Research and Invesmart Limited | ₹78.83 Cr (FY 2025) | 249.0% | Ahmedabad, Gujarat, India | |||
| Chitrakoot Projects Limited | ₹78.59 Cr (FY 2025) | 11.0% | Kolkata, West Bengal, India | |||
| Lunar Commercials Pvt Ltd | ₹78.54 Cr (FY 2025) | 95.0% | Mumbai, Maharashtra, India | |||
| Goenka Business & Finance Ltd | ₹78.11 Cr (FY 2025) | -9.0% | Kolkata, West Bengal, India | |||
| Jagaran Microfin Private Limitedthis company | ₹77.67 Cr (FY 2024) | -₹35.55 Cr | -45.8% | 15.0% | 776 | Kolkata, West Bengal, India |
| Bhagyalaxmi Finlease and Investment Private Limited | ₹76.99 Cr (FY 2025) | 31925.0% | Gurgaon, Haryana, India | |||
| Narmada Fintrade Private Limited | ₹75.93 Cr (FY 2025) | 45.0% | Ahmedabad, Gujarat, India | |||
| Boon Investment and Trading Company Private Limited | ₹75.73 Cr (FY 2024) | 31.0% | Mumbai, Maharashtra, India | |||
| Sterling Investment Corporation Private Limited | ₹75.57 Cr (FY 2024) | 89.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Jagaran Microfin Private Limited, buy the company report.
Auditor
Jagaran Microfin Private Limited is audited by LODHA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LODHA & CO | FY 2023 | 301051E |
Shareholding
The shareholding of Jagaran Microfin Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Jagaran Microfin Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Dec 2025 | 101197108 | Others | ₹5 Cr | Open | |
| 27 Nov 2025 | 101196600 | Others | ₹6 Cr | Open | |
| 18 Jul 2025 | 101127273 | Others | ₹5 Cr | Open | |
| 24 Mar 2025 | 101069880 | Others | ₹25 Cr | Open | |
| 05 Feb 2025 | 101048096 | Others | ₹4.88 Cr | Open |
To see the full charge records of Jagaran Microfin Private Limited, buy the company report.
Total charge records: 226 View all charges
Deals & funding
Jagaran Microfin Private Limited has 31 deals on record (21 secondary share transfers, 6 funding rounds, 3 debt financings), with disclosed funding of ₹116.18 Cr; the latest was in October 2025.
Deals on record (5 of 31)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Funding round | ₹20 Cr | Investors: GTFS Multi Services Limited , 3 individuals |
| Sep 2023 | Funding round | ₹15 Cr | Investors: GTFS Multi Services Limited , 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: GTFS Multi Services Limited , 3 individuals Seller: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: GTFS Multi Services Limited |
| Apr 2011 | Secondary share transfer | Undisclosed | Buyer: GTFS Multi Services Limited Seller: an individual |
To see the full deal history of Jagaran Microfin Private 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
No court or tribunal cases involving Jagaran Microfin Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Jagaran Microfin Private Limited was last rated by Care on 26 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Aug 2022 |
To see the full credit ratings and regulatory alerts of Jagaran Microfin Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jagaran Microfin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Jagaran Microfin Private Limited has a workforce of 776 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Jagaran Microfin has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCS8083R1ZC | West Bengal | Active | 01 Jul 2017 |
| 18AADCS8083R1ZE | Assam | Active | 01 Jul 2017 |
| 21AADCS8083R1ZR | Odisha | Active | 01 Jul 2017 |
| 20AADCS8083R1ZT | Jharkhand | Active | 16 Jul 2017 |
To see the full GST registrations and return filing status of Jagaran Microfin Private Limited, buy the company report.
Recent activity
Jagaran Microfin Private Limited has 41 board changes on record since 2007: 9 appointments and 32 cessations. The latest: Sandip Das was appointed as Nominee Director on 24 Jun 2024.
465 earlier events are in the company report.
Frequently asked questions
Jagaran Microfin is an active private limited company based in Kolkata, West Bengal, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 12 January 1993 (33+ years old) and is registered under CIN U74210WB1993PTC057457.
Jagaran Microfin has 9 current directors and KMP:
- Jaydeep Ghosh - Managing Director
- Sourav Ghosh - Whole-Time Director
- Aatreyee Majumder - Whole-Time Director
- Subrata Gupta - Director
- Rana Som - Director
- Sandip Das - Nominee Director
- Anuradha Gupta - Director
- Dipankar Chatterji - Director
- Tirtha Pratim Sahu - Cfo
The latest financial statements of Jagaran Microfin on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Jagaran Microfin is 19AADCS8083R1ZC, registered in West Bengal. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 18AADCS8083R1ZE (Assam), 21AADCS8083R1ZR (Odisha), 20AADCS8083R1ZT (Jharkhand).
The CIN (Corporate Identification Number) of Jagaran Microfin is U74210WB1993PTC057457. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jagaran Microfin was incorporated on 12 January 1993, making it 33+ years old. It is registered with the Registrar of Companies, Kolkata.
Jagaran Microfin has 31 deals on record (21 secondary share transfers, 6 funding rounds, 3 debt financings), with disclosed funding of ₹116.18 Cr; the latest was in October 2025.
The peers of Jagaran Microfin by revenue are M.G.F. Growth Research and Invesmart Limited, Chitrakoot Projects Limited, Lunar Commercials Pvt Ltd, Goenka Business & Finance Ltd, Bhagyalaxmi Finlease and Investment Private Limited and 3 more, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Sandip Das was appointed as Nominee Director on 24 Jun 2024. Anuradha Gupta was appointed as Director on 16 May 2024. Anuradha Gupta ceased to be Additional Director on 16 May 2024. Jagaran Microfin has 41 board changes on record in total.
Jagaran Microfin can be reached through the website jagaranmf.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Jagaran Microfin is at 5th Floor 38 Hemanta Basu Sarani, Kolkata, West Bengal, India – 700001.