Mahaganapati Microfinance
About Mahaganapati Microfinance
Data last updated:
Mahaganapati Microfinance is a private not for profit company based in Jaipur, Rajasthan, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 13 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65999RJ2011NPL037312.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Rakesh Kumar and Naina Saraf.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A 36 Pearl Akshita Apartments Near Lbs College Tilak Nagar, Jaipur, Rajasthan, India – 302004.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.02 Lakh, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹2 Lakh (net margin 196.4%) and EBITDA of ₹2 Lakh (EBITDA margin 196.4%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 235% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- WebsiteLocked
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- Registered AddressA 36 Pearl Akshita Apartments Near Lbs College Tilak Nagar, Jaipur, Rajasthan, India – 302004
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of Mahaganapati Microfinance is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Mahaganapati Microfinance
FY 2025 filings availableMahaganapati Microfinance reported revenue of ₹1.02 Lakh (down 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 70% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 235%. EBITDA rose 102% 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 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹2 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹2 Lakh | |
| Balance Sheet | ||
| Share Capital | •••• | |
| Reserves and Surplus | •••• | |
| Net Worth (Total Equity) | •••• | |
| Long-term Borrowings | •••• | |
| Short-term Borrowings | •••• | |
| Trade Payables | •••• | |
| Total Liabilities | •••• | |
| Fixed Assets | •••• | |
| Investments | •••• | |
| Inventories | •••• | |
| Trade Receivables | •••• | |
| Cash and Bank Balance | •••• | |
| Total Assets | •••• | |
Financial Ratios
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 196.4% | |
| Net Profit Margin | 196.4% | |
| Return on Equity (ROE) | •••• | |
| Return on Capital Employed (ROCE) | •••• | |
| Return on Assets (ROA) | •••• | |
| Liquidity and Debt | ||
| Current Ratio | •••• | |
| Quick Ratio | •••• | |
| Debt-to-Equity Ratio | •••• | |
| Interest Coverage Ratio | •••• | |
| Efficiency and Growth | ||
| Asset Turnover | •••• | |
| Receivable Days | •••• | |
| Payable Days | •••• | |
| Inventory Days | •••• | |
| Revenue Growth | •••• | |
| Net Profit Growth | •••• | |
Paid data: the figures shown as dots, and every line for FY 2020-21 to FY 2023-24, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mahaganapati Microfinance are in the company report.
: available in the company report
Board of Directors of Mahaganapati Microfinance
Mahaganapati Microfinance has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Also directs: Lumin Vibe Private Limited | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
| Naina Saraf Also directs: S S Associates Legal Consultants LLP | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
Peer Comparison
Mahaganapati Microfinance is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shriramg Urban Nidhi Limited | ₹1.05 Lakh (FY 2022) | •••• | •••• | •••• | Sangli, Maharashtra, India | |
| Robust Msolutions Nidhi Limited | ₹1.04 Lakh (FY 2021) | •••• | •••• | 192.0% | •••• | Bhopal, Madhya Pradesh, India |
| Mahaganapati Microfinance this company | ₹1.02 Lakh (FY 2025) | •••• | •••• | -70.0% | •••• | Jaipur, Rajasthan, India |
| VKV Chits Private Limited | ₹1.02 Lakh (FY 2023) | •••• | •••• | -72.0% | •••• | Alappuzha, Kerala, India |
| Carttal Chits(Kerala) Private Limited | ₹1.01 Lakh (FY 2019) | •••• | •••• | -78.0% | •••• | Alappuzha, Kerala, India |
| Meenachil Vikas Chitty Private Limited | ₹1.01 Lakh (FY 2020) | •••• | •••• | -75.0% | •••• | Pala, Kerala, India |
| Abhinav Urban Multipurpose Nidhi Limited | ₹1.01 Lakh (FY 2022) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Deepanjali Micro Finance Foundation | ₹1 Lakh (FY 2025) | •••• | •••• | -26.0% | •••• | Prayagraj, Uttar Pradesh, India |
Peers are the companies nearest to Mahaganapati Microfinance by revenue, above and below it, in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Mahaganapati Microfinance is audited by AGARWAL MUKESH & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AGARWAL MUKESH & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Mahaganapati Microfinance does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Mahaganapati Microfinance.
: available in the company report
Recent Activity
Mahaganapati Microfinance has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Naina Saraf was appointed as Director on 01 Jul 2023.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Mahaganapati Microfinance is an active private not for profit company based in Jaipur, Rajasthan, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 13 December 2011 (15+ years old) and is registered under CIN U65999RJ2011NPL037312.
Mahaganapati Microfinance has 2 current directors:
- Rakesh Kumar - Director
- Naina Saraf - Director
The latest financial statements of Mahaganapati Microfinance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mahaganapati Microfinance is U65999RJ2011NPL037312. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahaganapati Microfinance was incorporated on 13 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Mahaganapati Microfinance by revenue are Shriramg Urban Nidhi Limited, Robust Msolutions Nidhi Limited, VKV Chits Private Limited, Carttal Chits(Kerala) Private Limited, Meenachil Vikas Chitty Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Naina Saraf was appointed as Director on 01 Jul 2023. Rakesh Kumar was appointed as Director on 01 Jul 2023. Akansha Singhal ceased to be Additional Director on 30 Sep 2022. Mahaganapati Microfinance has 8 board changes on record in total.
The registered office of Mahaganapati Microfinance is at A 36 Pearl Akshita Apartments Near Lbs College Tilak Nagar, Jaipur, Rajasthan, India – 302004.
Mahaganapati Microfinance operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Mahaganapati Microfinance is compliant as of 17 July 2026. The company is actively filing with the Registrar of Companies.
Mahaganapati Microfinance can be reached at its registered office: A 36 Pearl Akshita Apartments Near Lbs College Tilak Nagar, Jaipur, Rajasthan, India – 302004.