About M Power Micro Finance Private Limited
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M Power Micro Finance Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Indianivesh Capitals Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 19 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65999MH2009PTC197149. Its GSTIN is 27AAGCM2474H1ZC (Maharashtra). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹38 Cr and a paid-up capital of ₹28.84 Cr. It is led by directors including Kozhiyalam Veeraraghavan Balaji (Managing Director) and Desh Raj Dogra.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B – 212 Arjun Centre Plot No. 231 Govandi Station Road Govandi, Mumbai, Maharashtra, India – 400088.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.72 Cr, a growth of 86% compared to the previous year. For the same year it recorded a net profit of ₹49.93 Lakh (net margin 29.1%) and EBITDA of -₹20.51 Cr. Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 49% over five years.
The company has about 383 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: M Power Micro Finance. As per MCA filings, the company has open charges of ₹60.65 Cr and satisfied charges of ₹675.27 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 21 deals on record (12 secondary share transfers, 9 funding rounds), with disclosed funding of ₹39.17 Cr; the latest was in March 2022. Its 6 peer companies in the BFSI industry (Finance, Large NBFC, Micro Finance), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 4 smaller; the largest is Reddys Chits Private Limited with revenue of ₹1.72 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 mpowermicro.com.
Company details
Contact details
M Power Micro Finance Private Limited's registered office is in Mumbai, Maharashtra. Its website is mpowermicro.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 212 Arjun Centre Plot No. 231 Govandi Station Road Govandi, Mumbai, Maharashtra, India – 400088
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of M Power Micro Finance 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
M Power Micro Finance operates one associated brand: M Power Micro Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Microcredit and micro-insurance are provided to SMEs. | mpowermicro.com |
Business activity
The main business activity of M Power Micro Finance 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 M Power Micro Finance Private Limited, buy the company report.
Financials of M Power Micro Finance Private Limited
FY 2024 filings availableM Power Micro Finance Private Limited reported revenue of ₹1.72 Cr (up 86% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 86% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 49%. EBITDA fell 9% 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 | -₹20.51 Cr | ||||
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| Net Profit (PAT) | ₹49.93 Lakh | ||||
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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 | |||||
| Net Profit Margin | 29.1% | ||||
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To see the full financial statements and ratios of M Power Micro Finance Private Limited, buy the company report.
Board of directors of M Power Micro Finance Private Limited
M Power Micro Finance has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kozhiyalam Veeraraghavan Balaji | Managing Director | 19 Nov 2009 | 16 Years 11 Months | Current |
| Desh Raj Dogra | Director | 01 Oct 2024 | 2 Years 1 Months | Current |
| Shrikant Sapre | Director | 27 May 2025 | 1 Years 5 Months | Current |
Peer comparison
M Power Micro Finance Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Finance, Large NBFC, 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 |
|---|---|---|---|---|---|---|
| Reddys Chits Private Limited | ₹1.72 Cr (FY 2022) | -11.0% | Bengaluru, Karnataka, India | |||
| Chinda Chit Fund Private Limited | ₹1.72 Cr (FY 2025) | 32.0% | Kanpur, Uttar Pradesh, India | |||
| M Power Micro Finance Private Limitedthis company | ₹1.72 Cr (FY 2024) | ₹49.93 Lakh | 29.1% | 86.0% | 383 | Mumbai, Maharashtra, India |
| SPL Finance Limited | ₹1.72 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| KPW Finserv Private Limited | ₹1.71 Cr (FY 2024) | 8.0% | New Delhi, Delhi, India | |||
| Boast Traders Private Limited | ₹1.71 Cr (FY 2024) | -13.0% | Kolkata, West Bengal, India | |||
| Sunday Properties Pvt. Ltd. | ₹1.71 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India |
To see the full peer comparison of M Power Micro Finance Private Limited, buy the company report.
Auditor
M Power Micro Finance Private Limited is audited by G. M. Kapadia & Co. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G. M. Kapadia & Co. | FY 2019 | 104767W |
Shareholding
The shareholding of M Power Micro Finance 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of M Power Micro Finance Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2025 | 101081665 | Others | ₹7.5 Cr | Open | |
| 24 Dec 2024 | 101032927 | Others | ₹4.5 Lakh | Open | |
| 30 Aug 2024 | 100984416 | Others | ₹2 Cr | Open | |
| 23 May 2024 | 100928109 | Others | ₹3 Cr | Open | |
| 26 Mar 2024 | 100898591 | Others | ₹5 Cr | Open |
To see the full charge records of M Power Micro Finance Private Limited, buy the company report.
Total charge records: 155 View all charges
Deals & funding
M Power Micro Finance Private Limited has 21 deals on record (12 secondary share transfers, 9 funding rounds), with disclosed funding of ₹39.17 Cr; the latest was in March 2022.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Fair Deal Ventures Private Limited , an individual Seller: 2 individuals |
| Mar 2021 | Funding round | ₹6 Cr | Investors: 4 individuals |
| Mar 2018 | Funding round | ₹10 Cr | Investors: Indianivesh Capitals Limited |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Indianivesh Capitals Limited Seller: 2 individuals |
| Mar 2017 | Funding round | ₹8 Cr | Investors: Indianivesh Capitals Limited |
To see the full deal history of M Power Micro Finance 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
M Power Micro Finance Private Limited has 1 court case on record: 1 filed by M Power Micro Finance. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal miscellaneous application | Filed by the company against The State of Gujarat | Disposed |
To see the full case history of M Power Micro Finance Private 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.
Credit ratings & regulatory alerts
M Power Micro Finance Private Limited was last rated by Care on 28 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Mar 2022 |
To see the full credit ratings and regulatory alerts of M Power Micro Finance Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for M Power Micro Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
M Power Micro Finance Private Limited has a workforce of 383 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
M Power Micro Finance has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM2474H1ZC | Maharashtra | Active | 01 Jul 2017 |
| 27AAGCM2474H2ZB | Maharashtra | Active | 08 Apr 2025 |
| 06AAGCM2474H1ZG | Haryana | Active | 01 Jul 2017 |
| 08AAGCM2474H1ZC | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of M Power Micro Finance Private Limited, buy the company report.
Recent activity
M Power Micro Finance Private Limited has 17 board changes on record since 2009: 10 appointments and 7 cessations. The latest: Shrikant Sapre was appointed as Director on 27 May 2025.
306 earlier events are in the company report.
Frequently asked questions
M Power Micro Finance is an active private limited company based in Mumbai, Maharashtra, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 19 November 2009 (17+ years old) and is registered under CIN U65999MH2009PTC197149.
M Power Micro Finance has 3 current directors:
- Kozhiyalam Veeraraghavan Balaji - Managing Director
- Desh Raj Dogra - Director
- Shrikant Sapre - Director
The latest financial statements of M Power Micro Finance on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of M Power Micro Finance is 27AAGCM2474H1ZC, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 27AAGCM2474H2ZB (Maharashtra), 06AAGCM2474H1ZG (Haryana), 08AAGCM2474H1ZC (Rajasthan).
The CIN (Corporate Identification Number) of M Power Micro Finance is U65999MH2009PTC197149. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M Power Micro Finance has 1 court case on record: 1 filed by the company.
M Power Micro Finance was incorporated on 19 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
M Power Micro Finance has 21 deals on record (12 secondary share transfers, 9 funding rounds), with disclosed funding of ₹39.17 Cr; the latest was in March 2022.
The peers of M Power Micro Finance by revenue are Reddys Chits Private Limited, Chinda Chit Fund Private Limited, SPL Finance Limited, KPW Finserv Private Limited, Boast Traders Private Limited and 1 more, all in the BFSI industry (Finance, Large NBFC, Micro Finance), with the same principal business activity (other financial activities).
Shrikant Sapre was appointed as Director on 27 May 2025. Karungulam Minaxisundaram Vishwanathan ceased to be CEO on 06 Oct 2024. Desh Raj Dogra was appointed as Director on 01 Oct 2024. M Power Micro Finance has 17 board changes on record in total.
M Power Micro Finance can be reached through the website mpowermicro.com. Its registered office is in Mumbai, Maharashtra, India.
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