About Micro Units Development & Refinance Agency Limited
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Micro Units Development & Refinance Agency Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Small Industries Development Bank Of India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 18 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65100MH2015PLC274695. Its GSTIN is 27AAJCM6526F1ZC (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹1,675.93 Cr. It is led by directors including Venugopal Rao Yalangi (Managing Director) and Sadhu Venkataramana Sastry.
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 Swavalamban Bhavan Plot No. C – 11 'G' Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,537.2 Cr, a growth of 51.51% compared to the previous year.
The company is associated with 1 brand: MUDRA. As per MCA filings, the company has open charges of ₹9,950 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mudra.org.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSwavalamban Bhavan Plot No. C – 11 'G' Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
CIN History of Micro Units Development & Refinance Agency Limited
Micro Units Development & Refinance Agency has one previous CIN (Corporate Identification Number): U65100DL2015PLC278078. The current CIN is U65100MH2015PLC274695, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65100MH2015PLC274695 | Current |
| U65100DL2015PLC278078 | Previous |
Associated Brands with Micro Units Development & Refinance Agency Limited
Micro Units Development & Refinance Agency operates one associated brand: MUDRA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides business loans to support enterprise growth. | mudra.org.in |
Competitors & Alternatives of Micro Units Development & Refinance Agency Limited
Brands and companies operating in the same space as Micro Units Development & Refinance Agency Limited include Manappuram Finance, L & T Finance Holdings, Bajaj Finserv and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Manappuram Finance | Consumer and SME loans are provided by Manappuram Finance. | Valapad, India | 1992 |
 L & T Finance Holdings | Diversified lending services are provided as a non-banking financial institution. | Mumbai, India | 1994 |
 Bajaj Finserv | Financial solutions including loans and insurance are offered. | Pune, India | 2007 |
 Northern Arc Capital | Household and business loans are provided with risk management support. | Chennai, India | 2006 |
 IIFL Finance | Online gold, home, personal, and business loans are provided. | Mumbai, India | 1995 |
 Mahindra Finance | Consumer and SME loans are provided by Mahindra Finance. | Mumbai, India | 1991 |
 Indostar Capital Finance | Real estate, infrastructure, vehicle, home, and SME financing are provided. | Mumbai, India | 2009 |
 Hero Fincorp | 2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | Delhi, India | 1991 |
 Cholamandalam Investment and Finance Company | Home and SME loans are provided in India. | Chennai, India | 1978 |
 Dvara KGFS | Loans for consumers and SMEs are provided alongside financial services. | Chennai, India | 2008 |
Business Activity of Micro Units Development & Refinance Agency Limited
Micro Units Development & Refinance Agency operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Micro Units Development & Refinance Agency Limited
Micro Units Development & Refinance Agency Limited is audited by P C Ghadiali and Co LLP for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P C Ghadiali and Co LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors and KMP of Micro Units Development & Refinance Agency Limited
Micro Units Development & Refinance Agency Limited currently reports 7 directors and 1 key managerial person. 34 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudatta Mandal Also directs: Rxil Financial Technologies Services Limited, Rxil Global Ifsc Limited, Receivables Exchange of India Limited and 1 more | Nominee Director | 28 May 2021 | 5 Years 4 Months | Current |
| Venugopal Rao Yalangi Also directs: Online PSB Loans Limited | Managing Director | 26 Sep 2024 | 2 Years 0 Months | Current |
| Manoj Mittal | Nominee Director | 27 Jul 2024 | 2 Years 2 Months | Current |
| Sushil Kumar Singh | Nominee Director | 05 Apr 2024 | 2 Years 6 Months | Current |
| Prakash Kumar | Nominee Director | 23 Nov 2023 | 2 Years 10 Months | Current |
| Rajesh Dhondiba Kale | Cfo | 19 Oct 2023 | 2 Years 11 Months | Current |
Financials of Micro Units Development & Refinance Agency Limited FY 2025 filings available
Micro Units Development & Refinance Agency Limited reported revenue of ₹1,537.2 Cr (up 51.51% YoY) for FY 2023.
Financial Statement Summary of Micro Units Development & Refinance Agency Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1,537.2 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| 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 of Micro Units Development & Refinance Agency Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 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 Micro Units Development & Refinance Agency are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Micro Units Development & Refinance Agency Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Micro Units Development & Refinance Agency Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Nov 2025 | Canara Bank | ₹2,000 Cr | Open |
| 26 Mar 2025 | Bank of India | ₹3,000 Cr | Open |
| 21 Feb 2025 | Sidbi | ₹3,950 Cr | Open |
| 21 Feb 2025 | Idbi Bank Limited | ₹750 Cr | Open |
| 21 Feb 2025 | Idbi Bank Limited | ₹250 Cr | Open |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Micro Units Development & Refinance Agency Limited
Employment history and EPFO contributions of people linked to Micro Units Development & Refinance Agency.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Micro Units Development & Refinance Agency Limited
Micro Units Development & Refinance Agency has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCM6526F1ZC | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Micro Units Development & Refinance Agency Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Micro Units Development & Refinance Agency Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Micro Units Development & Refinance Agency Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Micro Units Development & Refinance Agency Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Micro Units Development & Refinance Agency Limited
Recent News on Micro Units Development & Refinance Agency Limited
Frequently Asked Questions about Micro Units Development & Refinance Agency Limited
Micro Units Development & Refinance Agency is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 18 March 2015 (11+ years old) and is registered under CIN U65100MH2015PLC274695.
Micro Units Development & Refinance Agency reported revenue of ₹1,537.2 Cr for FY 2023 (up 51.51% YoY).
Micro Units Development & Refinance Agency has 8 current directors and KMP:
- Venugopal Rao Yalangi - Managing Director
- Sudatta Mandal - Nominee Director
- Manoj Mittal - Nominee Director
- Sushil Kumar Singh - Nominee Director
- Prakash Kumar - Nominee Director
- Sadhu Venkataramana Sastry - Director
- Mala Sinha - Director
- Rajesh Dhondiba Kale - Cfo
The GSTIN of Micro Units Development & Refinance Agency is 27AAJCM6526F1ZC, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Micro Units Development & Refinance Agency is U65100MH2015PLC274695. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Micro Units Development & Refinance Agency was incorporated on 18 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Micro Units Development & Refinance Agency can be reached through the website mudra.org.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Micro Units Development & Refinance Agency is at Swavalamban Bhavan Plot No. C – 11 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
Micro Units Development & Refinance Agency has an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹1,675.93 Cr.