About Margdarshak Financial Services Limited
Data last updated: 24 September 2025
Margdarshak Financial Services Limited is a public limited company based in Lucknow, Uttar Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in non-banking financial services (NBFC), a part of the broader financial services sector. Incorporated on 09 May 1996, the company has been in operation for over 30 years.
Registered with ROC Kanpur under CIN U65921UP1996PLC019924.
Capital: an authorised share capital of ₹52.5 Cr and a paid-up capital of ₹21.07 Cr. Formerly known as Crony Leasing and Finance Limited. It is led by directors including Prasad Kuchibhatla and Rahul Jessel Mittra.
Last AGM: 29 September 2020. Financial statements filed for year ended 31 March 2020. Office: 118 Dayal Farms Ganeshpur – Rehmanpur Chinhat – Deva Road, Lucknow, Uttar Pradesh, India – 226019.
As per the financials filed for FY 2020, the company reported a revenue of ₹91.41 Cr, a growth of 40% compared to the previous year.
The company has a workforce of approximately 127 employees as per the latest available data.
The company is associated with 1 brand - Margdarshak Fi Ncial Services. As per MCA filings, the company has open charges of ₹529.59 Cr and satisfied charges of ₹532.05 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is margdarshak.org.in.
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Registered Address118 Dayal Farms Ganeshpur – Rehmanpur Chinhat – Deva Road, Lucknow, Uttar Pradesh, India – 226019
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IndustryFinancial Services, NBFC, Microfinance Institutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Margdarshak Financial Services Limited
Margdarshak Financial Services Limited operates one associated brand: Margdarshak Fi ncial Services. These brands represent Margdarshak Financial Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Micro loans provided to deprived communities in North India. | margdarshak.org.in |
Competitors & Alternatives of Margdarshak Financial Services Limited
Brands and companies operating in the same space as Margdarshak Financial Services Limited include AU Small Finance Bank, Ujjivan Small Finance Bank, ESAF and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
AU Small Finance Bank
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Collateralised loans for commercial vehicles are extended to rural entrepreneurs. | Jaipur, India, India | 1996 |
Ujjivan Small Finance Bank
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Small finance services are extended to underserved segments in India. | Bengaluru, India, India | 2005 |
ESAF
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Microfinance banking services are offered in India by ESAF. | Thrissur, India, India | 1992 |
Jana Small Finance Bank
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Microfinance bank | Bengaluru, India, India | 1999 |
Suryoday
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Small finance bank offering savings accounts, deposits, and loan products | Mumbai, India, India | 2008 |
Equitas Small Finance Bank
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Small finance bank | Chennai, India, India | 2007 |
Utkarsh Bank
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Small finance bank | Varanasi, India, India | 2009 |
Capital Small Finance Bank
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Microfinance services including savings accounts and loans are provided. | Jalandhar, India, India | 2016 |
Satin Creditcare
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Micro loans for businesses are offered by this NBFC. | Delhi, India, India | 1990 |
Fincare Small Finance Bank
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Micro-finance bank | Bengaluru, India, India | 2007 |
Business Activity of Margdarshak Financial Services Limited
Margdarshak Financial Services Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including 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 for Margdarshak Financial Services Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Margdarshak Financial Services Limited
Margdarshak Financial Services Limited is audited by Umesh K Agrawal & Co. for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Umesh K Agrawal & Co. | Locked | Locked | Locked |
Complete auditor history for Margdarshak Financial Services Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors and KMP of Margdarshak Financial Services Limited
Margdarshak Financial Services Limited currently reports 3 directors and 1 key managerial person. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saroj Topno | Cfo | 25 Nov 2014 | 11 Years 9 Months | As last reported |
| Prasad Kuchibhatla | Director | 25 Sep 2011 | 14 Years 11 Months | As last reported |
| Rahul Jessel Mittra | Managing Director | 18 Jan 2010 | 16 Years 7 Months | As last reported |
|
Arupjyoti Rai Baruah
Also directs:
Margdarshak Development Services, Margdarshak Development Projects And Consulting Private Limited, Dtag Private Limited and 3 more
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Director | 23 Oct 2013 | 12 Years 10 Months | As last reported |
Financials of Margdarshak Financial Services Limited FY 2020 filings available
Margdarshak Financial Services Limited reported revenue of ₹91.41 Cr (up 40.00% YoY) for FY 2020.
Ten-year financial statements for Margdarshak Financial Services Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Margdarshak Financial Services Limited
Shareholding and ownership data for Margdarshak Financial Services Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings of Margdarshak Financial Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Oct 2020 | Others | ₹2.3 Cr | Open |
| 14 Oct 2020 | Sidbi | ₹15 Cr | Open |
| 14 Oct 2020 | Idbi Trusteeship Services Limited | ₹2.5 Cr | Open |
| 06 Oct 2020 | Others | ₹3 Cr | Open |
| 21 Sep 2020 | Others | ₹1 Cr | Open |
Total charge records: 165 View all charges
Employees and EPFO Compliance at Margdarshak Financial Services Limited
Margdarshak Financial Services Limited has a workforce of 127 employees as of Apr 10, 2024.
Employee and EPFO history for Margdarshak Financial Services Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Margdarshak Financial Services Limited
GST registrations and filing compliance for Margdarshak Financial Services Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Margdarshak Financial Services Limited
Credit ratings, litigation, and regulatory alerts for Margdarshak Financial Services Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Margdarshak Financial Services Limited
MSME payment history for Margdarshak Financial Services Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Margdarshak Financial Services Limited
Corporate group structure for Margdarshak Financial Services Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Margdarshak Financial Services Limited
MCA filings and documents for Margdarshak Financial Services Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Margdarshak Financial Services Limited
Recent News on Margdarshak Financial Services Limited
Frequently Asked Questions about Margdarshak Financial Services Limited
Margdarshak Financial Services Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Margdarshak Financial Services Limited is a company under insolvency, formerly operating as a public limited company in the financial services sector based in Lucknow, Uttar Pradesh, India. It was incorporated on 09 May 1996 and is registered under CIN U65921UP1996PLC019924. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Margdarshak Financial Services Limited reported revenue of ₹91.41 Cr for FY 2020 (up 40.00% YoY).
The current directors and KMP of Margdarshak Financial Services Limited are:
- Saroj Topno - Cfo
- Prasad Kuchibhatla - Director
- Rahul Jessel Mittra - Managing Director
- Arupjyoti Rai Baruah - Director
The CIN (Corporate Identification Number) of Margdarshak Financial Services Limited is U65921UP1996PLC019924. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Margdarshak Financial Services Limited has open charges of ₹529.59 Cr and satisfied charges of ₹532.05 Cr as per latest MCA filings.