Micro Finance Development Initiatives Of India - Company Profile

It is a financial services public not for profit company based in Chennai, Tamil Nadu, India, established in 2003.
2003 Chennai, Tamil Nadu, India Active
Last Updated:
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About Micro Finance Development Initiatives Of India

Micro Finance Development Initiatives Of India, a active public not for profit company, was established on 01 January 2003 in Chennai, Tamil Nadu, India. Engaging in financial activities within the financial and insurance service sector, it holds CIN: U65999TN2003NPL050129. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹2.50 M and a paid-up capital of ₹0.50 M.

It upholds a compliant status. Its leadership includes Helen Vanitha Solomon Sarojini (Additional Director), Sulochana Solomon (Director), Praveen Joseph (Director). Past directors included Anusuya Basavarajappa, Raj Bhakther Solomon, Praveen Joseph. Its latest AGM occurred on 30 November 2021, with the balance sheet filed on 31 March 2021. It is based at Joseph Centre, 60, Officers Colony 3Rd Street Mehta Nagar, Amainthakarai, Chennai, Tamil Nadu, 600029.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U65999TN2003NPL050129

  • Registration Number

    050129

  • Incorporation Date

    01 January 2003

  • Authorized Capital

    ₹2.50 M

  • Paid-Up Capital

    ₹0.50 M

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 23 Year, 1 Month
  • Last Filing with ROC 31 Mar 2021
  • Revenue Growth **** -30.47%
  • Profit Growth **** -493.69%
  • Ebitda **** -764.86%
  • Net Worth -16.40%
  • Total Assets -3.19%
Company report

Micro Finance Development Initiatives Of India

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Micro Finance Development Initiatives Of India — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Micro Finance Development Initiatives Of India?
Current Directors
Name Designation Appointment Date Status
Helen Vanitha Solomon Sarojini Additional Director 02 Feb 2022 Current
Sulochana Solomon Director 01 Jan 2003 Current
Praveen Joseph Director 19 Jul 2018 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 02 Feb 2022 Past
Pramod Abcsdd Director 17 Jul 2018 Past
Pramod Abcsdd Additional Director 27 Sep 2018 Past

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Financial Performance of Micro Finance Development Initiatives Of India.

Micro Finance Development Initiatives Of India, for the financial year ended 2020, experienced significant reduction in revenue, with a 30.47% decrease. The company also saw a substantial fall in profitability, with a 493.69% decrease in profit. The company's net worth observed a substantial decline by a decrease of 16.4%.

Micro Finance Development Initiatives Of India revenue growth over time
Micro Finance Development Initiatives Of India profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -30.47%
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Revenue from Operations
*******
 -70.98%
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*******
Total Assets
*******
 -3.19%
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*******
*******
*******
Profit or Loss
*******
 -493.69%
*******
*******
*******
*******
Net Worth
*******
 -16.40%
*******
*******
*******
*******
EBITDA
*******
 -764.86%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Micro Finance Development Initiatives Of India?

In 2017, Micro Finance Development Initiatives Of India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Micro Finance Development Initiatives Of India?

Unlock and access historical data on people associated with Micro Finance Development Initiatives Of India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Micro Finance Development Initiatives Of India
Recent Activity within the Organization
  • Director Appointment

    The activity Helen Vanitha Solomon Sarojini was appointed as a Additional Director was appointed as a Additional Director on 02 Feb 2022 & has been associated with this company since 4 years 23 days . was completed.

  • Annual General Meeting

    The activity Micro Finance Development Initiatives Of India last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Micro Finance Development Initiatives Of India has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chennai. was completed.

  • Director Appointment

    The activity Praveen Joseph was appointed as a Director was appointed as a Director on 19 Jul 2018 & has been associated with this company since 7 years 7 months . was completed.

  • Director Appointment

    Sulochana Solomon was appointed as a Director was appointed as a Director on 01 Jan 2003 & has been associated with this company since 23 years 1 month . was recorded as a recent event.

  • Company Incorporation

    Micro Finance Development Initiatives Of India was registered on 01 Jan 2003 with Roc Chennai & aged 23 years 1 month as per MCA records. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Micro Finance Development Initiatives Of India?

The CIN of Micro Finance Development Initiatives Of India is U65999TN2003NPL050129.

Where is Micro Finance Development Initiatives Of India headquartered?

Micro Finance Development Initiatives Of India is headquartered at Joseph Centre, 60, Officers Colony 3Rd Street Mehta Nagar, Amainthakarai, Chennai, Tamil Nadu, 600029.

When was Micro Finance Development Initiatives Of India incorporated?

Micro Finance Development Initiatives Of India was incorporated on 01 January 2003.

Who are the current directors of Micro Finance Development Initiatives Of India?

The current directors of Micro Finance Development Initiatives Of India are

What is the primary industry of Micro Finance Development Initiatives Of India?

The primary industry of Micro Finance Development Initiatives Of India is Financial And Insurance Service.

Is Micro Finance Development Initiatives Of India a listed company?

Micro Finance Development Initiatives Of India is unlisted.

What is the capital structure of Micro Finance Development Initiatives Of India?

The authorized capital of Micro Finance Development Initiatives Of India is ₹2.50 M, and the paid-up capital is ₹0.50 M.

What is the compliance status of Micro Finance Development Initiatives Of India?

The compliance status of Micro Finance Development Initiatives Of India is Compliant.

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