Microcredit Foundation of India
About Microcredit Foundation of India
Data last updated:
Microcredit Foundation of India is a private not for profit company based in Chennai, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 18 February 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65929TN2002NPL048472. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2,000. It is led by directors including Singaram Adaikappan and Narayanan.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹83,000, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹2.8 Lakh (net margin -337.3%) and EBITDA of -₹2.34 Lakh (EBITDA margin -281.9%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 35% over five years.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Microcredit Foundation of India has one previous CIN (Corporate Identification Number): U65929TN2002PLC048472. The current CIN is U65929TN2002NPL048472, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65929TN2002NPL048472 | Current |
| U65929TN2002PLC048472 | Previous |
Contact details
Microcredit Foundation of India's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo.24 Bishop Garden, R A Puram, Chennai, Tamil Nadu, India – 600028
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Microcredit Foundation of India, 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
Financials of Microcredit Foundation of India
FY 2025 filings availableMicrocredit Foundation of India reported revenue of ₹83,000 (down 92% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 92% fall in the latest year. EBITDA fell 124% 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 |
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| EBITDA | -₹2.34 Lakh | ||||
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| Net Profit (PAT) | -₹2.8 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -281.9% | ||||
| Net Profit Margin | -337.3% | ||||
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To see the full financial statements and ratios of Microcredit Foundation of India, buy the company report.
Board of directors of Microcredit Foundation of India
Microcredit Foundation of India has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Singaram Adaikappan | Director | 06 Mar 2012 | 14 Years 8 Months | Current |
| Narayanan | Director | 10 Jan 2024 | 2 Years 10 Months | Current |
| Tara Thiagarajan | Director | 30 Sep 2019 | 7 Years 1 Months | Current |
Peer comparison
Microcredit Foundation of India is compared with the 10 companies closest to it by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hiya Consultancy Services Private Limited | ₹83,420 (FY 2025) | -95.0% | Ahmedabad, Gujarat, India | |||
| U R O Financial Information & Consultancy Private Limited | ₹83,352 (FY 2025) | -50.0% | New Delhi, Delhi, India | |||
| Ananta Corporate Advisors Private Limited | ₹83,250 (FY 2025) | -90.0% | New Delhi, Delhi, India | |||
| Genius Invesment Company Private Limited | ₹83,199 (FY 2025) | 41.0% | Mumbai, Maharashtra, India | |||
| Shivratri Dealer Private Limited | ₹83,150 (FY 2019) | 6.0% | Kolkata, West Bengal, India | |||
| Microcredit Foundation of Indiathis company | ₹83,000 (FY 2024) | -₹2.8 Lakh | -337.3% | -92.0% | Chennai, Tamil Nadu, India | |
| Kanakshakti Private Limited | ₹83,000 (FY 2025) | -80.0% | Ahmedabad, Gujarat, India | |||
| Shree Roop Fin-Lease Pvt Ltd | ₹82,857 (FY 2020) | 211.0% | Kota, Rajasthan, India | |||
| Trustheaven Techno Venture Private Limited | ₹82,500 (FY 2021) | 313.0% | Jaipur, Rajasthan, India | |||
| Jayjaywanti Investments Company (A Private Company) | ₹82,400 (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Haven Traders Private Limited | ₹82,280 (FY 2025) | 47.0% | Domjur, West Bengal, India |
To see the full peer comparison of Microcredit Foundation of India, buy the company report.
Auditor
Microcredit Foundation of India is audited by S N S ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S N S ASSOCIATES | FY 2019 | 006297S |
Shareholding
The shareholding of Microcredit Foundation of India is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Microcredit Foundation of India, buy the company report.
Legal cases
Microcredit Foundation of India has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0433-Indirect Taxes Matters : Appeals u/s 35 L of Central Excise and Salt Act, 1944.) | Filed against the company by Commissioner of Service Tax Chennai Commissioner of Service Tax Chennai South Commissionerate , District: Chennai ,Chennai , Tamil Nadu | Disposed |
To see the full case history of Microcredit Foundation of India, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Microcredit Foundation of India; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Microcredit Foundation of India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Microcredit Foundation of India, buy the company report.
Recent activity
Microcredit Foundation of India has 11 board changes on record since 2008: 3 appointments and 8 cessations. The latest: Narayanan ceased to be Additional Director on 29 Sep 2024.
2 earlier events are in the company report.
Frequently asked questions
Microcredit Foundation of India is an active private not for profit company based in Chennai, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 18 February 2002 (24+ years old) and is registered under CIN U65929TN2002NPL048472.
Microcredit Foundation of India has 3 current directors:
- Singaram Adaikappan - Director
- Narayanan - Director
- Tara Thiagarajan - Director
The latest financial statements of Microcredit Foundation of India 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.
No. Microcredit Foundation of India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Microcredit Foundation of India is U65929TN2002NPL048472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Microcredit Foundation of India has 1 court case on record: 1 filed against it.
Microcredit Foundation of India was incorporated on 18 February 2002, making it 24+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Microcredit Foundation of India by revenue are Hiya Consultancy Services Private Limited, U R O Financial Information & Consultancy Private Limited, Ananta Corporate Advisors Private Limited, Genius Invesment Company Private Limited, Shivratri Dealer Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Narayanan ceased to be Additional Director on 29 Sep 2024. Narayanan was appointed as Director on 10 Jan 2024. Ganapathy Chandrasekaran ceased to be Director on 23 Mar 2021. Microcredit Foundation of India has 11 board changes on record in total.
The registered office of Microcredit Foundation of India is at No.24 Bishop Garden, R A Puram, Chennai, Tamil Nadu, India – 600028.
Microcredit Foundation of India operates in the financial services industry, in the diversified financial services segment.
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