About Navachetana Microfin Services Private Limited
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Navachetana Microfin Services Private Limited is a private limited company based in Haveri, Karnataka, India, a subsidiary of Navachetana Enterprises Haveri Private Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 07 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65922KA1995PTC017982. Its GSTIN is 29AADCN0530G1ZR (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹80 Cr. It was formerly known as Sree Santeshwara Credit and Investment Company Limited and Navachetana Microfin Services Limited. It is led by directors Nagendrappa Virupakshappa Mali (Managing Director) and Chandrakala Nagendrappa Mali.
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 Haveri, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹125.67 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹32.12 Cr (net margin -25.6%) and EBITDA of ₹12.74 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 26% over five years.
The company has about 160 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Navachetana. As per MCA filings, the company has open charges of ₹802.55 Cr and satisfied charges of ₹777.84 Cr on record. Court records list 237 cases involving the company, including 223 filed by the company and 14 filed against it; 42 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website navachetana.in.
Company details
Name history
Navachetana Microfin Services has undergone 2 name changes throughout its history. The company was previously known as Sree Santeshwara Credit And Investment Company Limited, and Navachetana Microfin Services Limited. The current legal name is Navachetana Microfin Services Private Limited.
| Company Name | Status |
|---|---|
| Navachetana Microfin Services Private Limited | Current |
| Sree Santeshwara Credit And Investment Company Limited | Previous |
| Navachetana Microfin Services Limited | Previous |
CIN history
Navachetana Microfin Services has one previous CIN (Corporate Identification Number): U65922KA1995PLC017982. The current CIN is U65922KA1995PTC017982, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65922KA1995PTC017982 | Current |
| U65922KA1995PLC017982 | Previous |
Contact details
Navachetana Microfin Services Private Limited's registered office is in Haveri, Karnataka. Its website is navachetana.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCtsno.3341/26 1 Stfloor Navachetanaheights 1 Stcross Ashwin, I Nagar, Haveri, Karnataka, India – 581110
- IndustryFinancial Services, Microfinance Institutions, NBFC
To see the full contact details of Navachetana Microfin Services Private 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
Navachetana Microfin Services operates one associated brand: Navachetana. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Microfinance services are provided to underserved rural and semi-urban communities. | navachetana.in |
Business activity
The main business activity of Navachetana Microfin 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 Navachetana Microfin Services Private Limited, buy the company report.
Financials of Navachetana Microfin Services Private Limited
FY 2025 filings availableNavachetana Microfin Services Private Limited reported revenue of ₹125.67 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 81% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹12.74 Cr | ||||
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| Net Profit (PAT) | -₹32.12 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | -25.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Navachetana Microfin Services Private Limited, buy the company report.
Board of directors of Navachetana Microfin Services Private Limited
Navachetana Microfin Services has 2 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagendrappa Virupakshappa Mali Also directs: Grep & Awk Technologies LLP, Chetana Chits Haveri Private Limited, Navachetana Livelihoods Private Limited and 4 more | Managing Director | 06 Aug 2008 | 18 Years 3 Months | Current |
| Chandrakala Nagendrappa Mali | Nominee Director | 22 Jul 2015 | 11 Years 3 Months | Current |
Peer comparison
Navachetana Microfin Services Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Moneyboxx Finance Limited | ₹127.96 Cr (FY 2024) | 154.0% | New Delhi, Delhi, India | |||
| Avonmore Capital & Management Services Limited | ₹127.29 Cr (FY 2024) | -41.0% | Mumbai, Maharashtra, India | |||
| Credit Wise Capital Private Limited | ₹127.25 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Mackmorn Commodities Pvt.Ltd. | ₹125.95 Cr (FY 2025) | 29.0% | Kolkata, West Bengal, India | |||
| Navachetana Microfin Services Private Limitedthis company | ₹125.67 Cr (FY 2025) | -₹32.12 Cr | -25.6% | -14.0% | 160 | Haveri, Karnataka, India |
| Aryavrat Financial Services Private Limited | ₹124.95 Cr (FY 2025) | 31.0% | Kolkata, West Bengal, India | |||
| Sbi Factors Limited | ₹123.28 Cr (FY 2019) | 22.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Navachetana Microfin Services Private Limited, buy the company report.
Auditor
Navachetana Microfin Services Private Limited is audited by A. John Moris & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. John Moris & Co | FY 2023 | 007220S |
Shareholding
The shareholding of Navachetana Microfin Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Navachetana Microfin Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 May 2025 | 101093556 | Others | ₹15 Cr | Open | |
| 29 Mar 2025 | 101078366 | Others | ₹10.1 Cr | Open | |
| 28 Mar 2025 | 101108956 | Others | ₹3.7 Cr | Open | |
| 26 Mar 2025 | 101109011 | Others | ₹3.85 Cr | Open | |
| 24 Mar 2025 | 101108689 | Others | ₹2.5 Cr | Open |
To see the full charge records of Navachetana Microfin Services Private Limited, buy the company report.
Total charge records: 215 View all charges
Legal cases
Navachetana Microfin Services Private Limited has 237 court cases on record: 223 filed by Navachetana Microfin Services, 14 filed against it. 42 cases are pending and 195 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 237 | 14 | 42 |
Cases on record (5 of 237)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed against the company by M/S. Ikf Finance Ltd., Rep. by Mr. K. Swamy | Disposed |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Small Industries Development Bank of India Sidbi | Pending |
| District court, Chennai, Tamil Nadu | Court case (STC/PC) | Filed against the company by Small Industries Development Bank of India | Pending |
| District court, HAVERI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, HAVERI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Navachetana Microfin Services Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Navachetana Microfin Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Navachetana Microfin Services Private Limited has a workforce of 160 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 160 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Navachetana Microfin Services Private Limited, buy the company report.
GST
Navachetana Microfin Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCN0530G1ZR | Karnataka | Active | 01 Jul 2017 |
| 27AADCN0530G1ZV | Maharashtra | Active | 29 Aug 2017 |
To see the full GST registrations and return filing status of Navachetana Microfin Services Private Limited, buy the company report.
Recent activity
Navachetana Microfin Services Private Limited has 20 board changes on record since 2008: 2 appointments and 18 cessations. The latest: Ullas Mahesh Kooli ceased to be Director on 31 Jul 2025.
375 earlier events are in the company report.
Frequently asked questions
Navachetana Microfin Services is an active private limited company based in Haveri, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 07 June 1995 (31+ years old) and is registered under CIN U65922KA1995PTC017982.
Navachetana Microfin Services has 2 current directors:
- Nagendrappa Virupakshappa Mali - Managing Director
- Chandrakala Nagendrappa Mali - Nominee Director
The latest financial statements of Navachetana Microfin Services 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 GSTIN of Navachetana Microfin Services is 29AADCN0530G1ZR, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AADCN0530G1ZV (Maharashtra).
The CIN (Corporate Identification Number) of Navachetana Microfin Services is U65922KA1995PTC017982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Navachetana Microfin Services has 237 court cases on record: 223 filed by the company and 14 filed against it. 42 are pending.
Navachetana Microfin Services was incorporated on 07 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Navachetana Microfin Services by revenue are Moneyboxx Finance Limited, Avonmore Capital & Management Services Limited, Credit Wise Capital Private Limited, Mackmorn Commodities Pvt.Ltd, Aryavrat Financial Services Private Limited and 1 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).
Ullas Mahesh Kooli ceased to be Director on 31 Jul 2025. Ramanathan Annamalai ceased to be Director on 22 May 2025. Rudrappa Doddaholiyappa Gadiyappanavar ceased to be Director on 22 May 2025. Navachetana Microfin Services has 20 board changes on record in total.
Navachetana Microfin Services can be reached through the website navachetana.in. Its registered office is in Haveri, Karnataka, India.
The registered office of Navachetana Microfin Services is at Ctsno.334126 1 Stfloor Navachetanaheights 1 Stcross Ashwin, I Nagar, Haveri, Karnataka, India – 581110.
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