Micro Credit Institute for Community Development
About Micro Credit Institute for Community Development
Data last updated:
Micro Credit Institute for Community Development is a private not for profit company based in Kanyakumari D.T, Tamil Nadu, India. It operates in the other financial holding segment of the financial services sector. It was incorporated on 14 February 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U91990TN2003NPL050345.
It is led by directors Arulappan Maria James (Managing Director) and Leo Antony Tagore (Whole-Time Director).
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 Deepam Thumpaly Irenipuram – 629 197. Kanyakumari D.T., Tamil Nadu, India – 629197.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.6 Lakh, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹73,763 (net margin -46.1%) and EBITDA of -₹73,763 (EBITDA margin -46.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Micro Credit Institute for Community Development's registered office is in Kanyakumari D.T, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDeepam Thumpaly Irenipuram – 629 197. Kanyakumari D.T., Tamil Nadu, India – 629197
- IndustryFinancial Services, Other Financial Holding, Trust, Fund
To see the full contact details of Micro Credit Institute for Community Development, 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
Business activity
The main business activity of Micro Credit Institute for Community Development is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Micro Credit Institute for Community Development, buy the company report.
Financials of Micro Credit Institute for Community Development
FY 2025 filings availableMicro Credit Institute for Community Development reported revenue of ₹1.6 Lakh (down 71% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 71% fall in the latest year. EBITDA fell 123% 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 |
|---|---|---|---|---|---|
| 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 | -₹73,763 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹73,763 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -46.1% | ||||
| Net Profit Margin | -46.1% | ||||
| 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 Micro Credit Institute for Community Development, buy the company report.
Board of directors of Micro Credit Institute for Community Development
Micro Credit Institute for Community Development has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arulappan Maria James | Managing Director | 14 Feb 2003 | 23 Years 8 Months | Current |
| Leo Antony Tagore | Whole-Time Director | 14 Feb 2003 | 23 Years 8 Months | Current |
Peer comparison
Micro Credit Institute for Community Development is compared with the 10 companies closest to it by revenue in the same principal business activity (activities by trusts, funds and other financial holding companies), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Allegiance Trusteeship Services Private Limited | ₹1.75 Lakh (FY 2024) | 97.0% | Faridabad, Haryana, India | |||
| Sree Venkatachellpathi Chit Fund Private Limited | ₹1.74 Lakh (FY 2024) | 598.0% | Chennai, Tamil Nadu, India | |||
| Shivkamal India Welfare Foundation | ₹1.73 Lakh (FY 2020) | 0.0% | Fatehpur, Uttar Pradesh, India | |||
| Jalgaon Kuries Private Limited | ₹1.68 Lakh (FY 2022) | 1498.0% | Jalgaon, Maharashtra, India | |||
| Mahamani Invesco Private Limited | ₹1.6 Lakh (FY 2025) | 155.0% | Kolkata, West Bengal, India | |||
| Micro Credit Institute for Community Developmentthis company | ₹1.6 Lakh (FY 2024) | -₹73,763 | -46.1% | -71.0% | Kanyakumari D.T, Tamil Nadu, India | |
| Akshay Sanchay Nidhi Limited | ₹1.57 Lakh (FY 2023) | 207.0% | Thane, Maharashtra, India | |||
| Marcam Proficient Nidhi Limited | ₹1.55 Lakh (FY 2023) | -76.0% | Muzaffarpur, Bihar, India | |||
| Nisst Umbrella Foundation | ₹1.53 Lakh (FY 2025) | 48.0% | Gurgaon, Haryana, India | |||
| Finiscope Nidhi Limited | ₹1.47 Lakh (FY 2020) | Nawalgarh, Rajasthan, India | ||||
| Amrit Villa Investments Ltd | ₹1.4 Lakh (FY 2020) | 164.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Micro Credit Institute for Community Development, buy the company report.
Auditor
Micro Credit Institute for Community Development is audited by JEYASEELAN & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JEYASEELAN & ASSOCIATES | FY 2017 | 011800S |
Shareholding
The shareholding of Micro Credit Institute for Community Development is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public |
To see the full shareholding pattern of Micro Credit Institute for Community Development, buy the company report.
Legal cases
No court or tribunal cases involving Micro Credit Institute for Community Development are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Micro Credit Institute for Community Development; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Micro Credit Institute for Community Development; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Micro Credit Institute for Community Development has 3 board changes on record since 2003: 2 appointments and 1 cessation. The latest: Arockiam Antonypappuraj ceased to be Whole-Time Director on 13 Nov 2020.
Frequently asked questions
Micro Credit Institute for Community Development is an active private not for profit company based in Kanyakumari D.T, Tamil Nadu, India. The company works in other financial holding, within the financial services industry. It was incorporated on 14 February 2003 (23+ years old) and is registered under CIN U91990TN2003NPL050345.
Micro Credit Institute for Community Development has 2 current directors:
- Arulappan Maria James - Managing Director
- Leo Antony Tagore - Whole-Time Director
The latest financial statements of Micro Credit Institute for Community Development 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 Micro Credit Institute for Community Development is U91990TN2003NPL050345. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Micro Credit Institute for Community Development was incorporated on 14 February 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Micro Credit Institute for Community Development by revenue are Allegiance Trusteeship Services Private Limited, Sree Venkatachellpathi Chit Fund Private Limited, Shivkamal India Welfare Foundation, Jalgaon Kuries Private Limited, Mahamani Invesco Private Limited and 5 more, all in the same principal business activity (activities by trusts, funds and other financial holding companies).
Arockiam Antonypappuraj ceased to be Whole-Time Director on 13 Nov 2020. Arulappan Maria James was appointed as Managing Director on 14 Feb 2003. Leo Antony Tagore was appointed as Whole-Time Director on 14 Feb 2003.
The registered office of Micro Credit Institute for Community Development is at Deepam Thumpaly Irenipuram – 629 197. Kanyakumari D.T., Tamil Nadu, India – 629197.
Micro Credit Institute for Community Development operates in the financial services industry, in the other financial holding segment.
The compliance status of Micro Credit Institute for Community Development is compliant as of 10 September 2026. The company is actively filing with the Registrar of Companies.
Micro Credit Institute for Community Development can be reached at its registered office: Deepam Thumpaly Irenipuram – 629 197. Kanyakumari D.T, Tamil Nadu, India – 629197.
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.
