About Margdarshak Financial Services Limited
Data last updated:
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 operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 09 May 1996.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U65921UP1996PLC019924. The company has 6 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹52.5 Cr and a paid-up capital of ₹21.07 Cr. It was formerly known as Crony Leasing and Finance Limited. It is led by directors including Rahul Jessel Mittra (Managing Director) and Prasad Kuchibhatla.
Its last annual general meeting (AGM) was held on 29 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 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. For the same year it recorded a net profit of ₹3.25 Cr (net margin 3.6%) and EBITDA of ₹38.77 Cr (EBITDA margin 42.4%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 46% over five years.
The company has about 98 employees on its provident fund (EPFO) records.
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. Court records list 151 cases involving the company, including 114 filed by the company and 37 filed against it; 31 cases are pending. The company has 20 deals on record (10 funding rounds, 7 secondary share transfers, 3 debt financings), with disclosed funding of ₹69.59 Cr; the latest was in October 2020. Its 8 peer companies in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 5 smaller; the largest is Asa International India Microfinance Limited with revenue of ₹92.63 Cr. The company has 2 MSME Form 1 returns on record between 2019 and 2021, listing 4 overdue payments to 3 micro and small suppliers.
The last known website on record is margdarshak.org.in.
Company details
Contact details
Margdarshak Financial Services Limited's registered office is in Lucknow, Uttar Pradesh. Its website is margdarshak.org.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address118 Dayal Farms Ganeshpur – Rehmanpur Chinhat – Deva Road, Lucknow, Uttar Pradesh, India – 226019
- IndustryFinancial Services, NBFC, Microfinance Institutions
To see the full contact details of Margdarshak Financial Services 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
Margdarshak Financial Services operates one associated brand: Margdarshak Fi ncial Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Micro loans provided to deprived communities in North India. | margdarshak.org.in |
Business activity
The main business activity of Margdarshak Financial Services 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 Margdarshak Financial Services Limited, buy the company report.
Financials of Margdarshak Financial Services Limited
FY 2020 filings availableMargdarshak Financial Services Limited reported revenue of ₹91.41 Cr (up 40% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 40% growth in the latest year. EBITDA fell 7% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹91.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹38.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.25 Cr | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42.4% | ||||
| Net Profit Margin | 3.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Margdarshak Financial Services Limited, buy the company report.
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 11 Months | As last reported |
| Prasad Kuchibhatla | Director | 25 Sep 2011 | 15 Years 1 Months | As last reported |
| Rahul Jessel Mittra | Managing Director | 18 Jan 2010 | 16 Years 9 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 | Director | 23 Oct 2013 | 13 Years 0 Months | As last reported |
Peer comparison
Margdarshak Financial Services Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized 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 |
|---|---|---|---|---|---|---|
| Asa International India Microfinance Limited | ₹92.63 Cr (FY 2024) | -45.0% | Kolkata, West Bengal, India | |||
| Tomorrow Capital Enterprises Private Limited | ₹92.62 Cr (FY 2021) | 238.0% | Mumbai, Maharashtra, India | |||
| Bright Impex & Agencies Pvt Ltd | ₹92.03 Cr (FY 2024) | 1166.0% | Kolkata, West Bengal, India | |||
| Margdarshak Financial Services Limitedthis company | ₹91.41 Cr (FY 2020) | ₹3.25 Cr | 3.6% | 40.0% | 98 | Lucknow, Uttar Pradesh, India |
| Globe Fincap Limited. | ₹90.46 Cr (FY 2018) | 23.0% | New Delhi, Delhi, India | |||
| LKP Finance Limited | ₹90.13 Cr (FY 2024) | 219.0% | Mumbai, Maharashtra, India | |||
| DSP Investment Private Limited | ₹90.04 Cr (FY 2018) | 14.0% | Mumbai, Maharashtra, India | |||
| Ranchi Enterprises and Properties Ltd. | ₹89.97 Cr (FY 2021) | 14.0% | Kolkata, West Bengal, India | |||
| Savery Transport Finance Limited | ₹89.92 Cr (FY 2024) | 23.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Margdarshak Financial Services Limited, buy the company report.
Auditor
Margdarshak Financial Services Limited is audited by Umesh K Agrawal & Co. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Umesh K Agrawal & Co. | FY 2019 | FRN004883C |
Shareholding
The shareholding of Margdarshak Financial Services Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Margdarshak Financial Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2020 | 100388861 | Others | ₹2.3 Cr | Open | |
| 14 Oct 2020 | 100377089 | Sidbi | ₹15 Cr | Open | |
| 14 Oct 2020 | 100384211 | Idbi Trusteeship Services Limited | ₹2.5 Cr | Open | |
| 06 Oct 2020 | 100381468 | Others | ₹3 Cr | Open | |
| 21 Sep 2020 | 100375541 | Others | ₹1 Cr | Open |
To see the full charge records of Margdarshak Financial Services Limited, buy the company report.
Total charge records: 165 View all charges
Deals & funding
Margdarshak Financial Services Limited has 20 deals on record (10 funding rounds, 7 secondary share transfers, 3 debt financings), with disclosed funding of ₹69.59 Cr; the latest was in October 2020.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Funding round | ₹18.23 Cr | Investors: Margdarshak Development Projects and Consulting Private Limited , 3 individuals |
| Apr 2014 | Funding round | ₹1.24 Cr | Investors: Margdarshak Development Projects and Consulting Private Limited , Margdarshak Development Projects and Consulting Private Limited , 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Margdarshak Development Projects and Consulting Private Limited Seller: Margdarshak Development Projects and Consulting Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Margdarshak Development Projects and Consulting Private Limited , Margdarshak Development Projects and Consulting Private Limited , 2 individuals Seller: Mi India Capital & Investment Private Limited , Margdarshak Development Projects and Consulting Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Margdarshak Development Projects and Consulting Private Limited , 3 individuals Seller: 4 individuals |
To see the full deal history of Margdarshak Financial Services 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
Margdarshak Financial Services Limited has 151 court cases on record: 114 filed by Margdarshak Financial Services, 37 filed against it. 31 cases are pending and 120 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 137 | 27 | 29 |
| High courts | 13 | 9 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 151)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (STC/PC) | Filed against the company by Samunnati Financial Intermediation and Services Pvt. Ltd. | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Hero Fincorp Ltd | Pending |
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Ifci Factors Ltd | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Ambit Finvest Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Hiranandani Financial Services Pvt Ltd | Pending |
To see the full case history of Margdarshak Financial Services 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
Margdarshak Financial Services Limited was last rated by Brickwork on 22 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 22 Apr 2022 |
To see the full credit ratings and regulatory alerts of Margdarshak Financial Services Limited, buy the company report.
MSME payment delays
Margdarshak Financial Services Limited has 2 MSME Form 1 returns on record between 2019 and 2021, listing 4 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Tapits Technologies Private Limited | |||
| Unitus Capital Private Limited |
To see the full MSME payment records of Margdarshak Financial Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Margdarshak Financial Services Limited has a workforce of 98 employees on its EPFO records as of Oct 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2021-22 | 98 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Margdarshak Financial Services Limited, buy the company report.
GST
Margdarshak Financial Services has 6 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Margdarshak Financial Services Limited, buy the company report.
Recent activity
Margdarshak Financial Services Limited has 22 board changes on record since 2010: 4 appointments and 18 cessations. The latest: Swati Khanna ceased to be Company Secretary on 18 Jul 2022.
278 earlier events are in the company report.
Frequently asked questions
Margdarshak Financial Services 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 is a company under insolvency, formerly operating as a public limited company based in Lucknow, Uttar Pradesh, India. The company works in nbfc, within the financial services industry. 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 has 4 current directors and KMP:
- Rahul Jessel Mittra - Managing Director
- Prasad Kuchibhatla - Director
- Arupjyoti Rai Baruah - Director
- Saroj Topno - Cfo
The latest financial statements of Margdarshak Financial Services on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 September 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Margdarshak Financial Services 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 has open charges of ₹529.59 Cr and satisfied charges of ₹532.05 Cr as per latest MCA filings.
Margdarshak Financial Services has 151 court cases on record: 114 filed by the company and 37 filed against it. 31 are pending. Most are in the district courts.
Margdarshak Financial Services was incorporated on 09 May 1996. It is registered with the Registrar of Companies, Kanpur.
Margdarshak Financial Services has 20 deals on record (10 funding rounds, 7 secondary share transfers, 3 debt financings), with disclosed funding of ₹69.59 Cr; the latest was in October 2020.
The peers of Margdarshak Financial Services by revenue are Asa International India Microfinance Limited, Tomorrow Capital Enterprises Private Limited, Bright Impex & Agencies Pvt Ltd, Globe Fincap Limited, LKP Finance Limited and 3 more, all in the BFSI industry (Large NBFC, Micro Finance Institutions, Mid Sized Non Deposit NBFC), with the same principal business activity (other financial activities).
Swati Khanna ceased to be Company Secretary on 18 Jul 2022. Maitrayee Banerjee ceased to be Director on 25 Mar 2022. Arupjyoti Rai Baruah ceased to be Whole-Time Director on 21 Jul 2021. Margdarshak Financial Services has 22 board changes on record in total.
Margdarshak Financial Services has 2 MSME Form 1 returns on record between 2019 and 2021, listing 4 overdue payments to 3 micro and small suppliers. The latest return was filed on 09 Jun 2021.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
