About Need Livelihood Microfinance Private Limited
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Need Livelihood Microfinance Private Limited is a private limited company based in New Delhi, Delhi, India. It specialises in microfinance institutions, a part of the broader financial services sector. Incorporated on 16 November 2015, the company has been in operation for over 11 years.
Registered with ROC Delhi under CIN U65100DL2015PTC287435.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹13.33 Cr. It is led by directors including Mahendra Singh Gailakoti and Prakash Singh.
Last AGM: 25 September 2025. Financial statements filed for year ended 31 March 2024. Office: Plot No 121 Block B Pocket – 4 Sector – 23 Dwarka, New Delhi, Delhi, India – 110075.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.14 Cr, a decline of 41.45% compared to the previous year.
The company has a workforce of approximately 20 employees as per the latest available data.
The company is associated with 1 brand - Need Livelihood Microfinance. As per MCA filings, the company has satisfied charges of ₹98.92 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 needmfi.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No 121 Block B Pocket – 4 Sector – 23 Dwarka, New Delhi, Delhi, India – 110075
- IndustryFinancial Services, Microfinance Institutions, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Need Livelihood Microfinance
Need Livelihood Microfinance operates one associated brand: Need Livelihood Microfinance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides micro-credit financing to low-income individuals and businesses. | needmfi.in |
Competitors & Alternatives of Need Livelihood Microfinance
Brands and companies operating in the same space as Need Livelihood Microfinance Private Limited include ESAF, Satin Creditcare, Bharat Financial Inclusion and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 ESAF | Microfinance banking services are offered in India by ESAF. | Thrissur, India, India | 1992 |
 Satin Creditcare | Micro loans for businesses are offered by this NBFC. | Delhi, India, India | 1990 |
 Bharat Financial Inclusion | Provider of micro-credit & insurance for low income income individuals and women | Secunderabad, India, India | 1997 |
 Muthoot Microfin | Microfinance loans are extended to low-income women entrepreneurs. | Ernakulam, India, India | 2010 |
 Svatantra Microfinance | Microcredit services are provided to rural women for financial inclusion. | Mumbai, India, India | 2012 |
 Fincare Small Finance Bank | Micro-finance bank | Bengaluru, India, India | 2007 |
 Spandana Sphoorty Financial | Microfinance loans are extended to low-income households for various needs. | Hyderabad, India, India | 2003 |
 Chaitanya India Fin Credit | Micro-credit financing is provided to low-income individuals and businesses. | Bengaluru, India, India | 2004 |
 Asirvad Microfinance | Micro loans for consumers are provided by Asirvad Microfinance. | Chennai, India, India | 2009 |
Business Activity of Need Livelihood Microfinance
Need Livelihood Microfinance operates primarily in the financial and insurance service sector. 2 business activities are 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 |
| Locked | Financial and insurance Service | Locked | Other financial activities | Locked |
Detailed business activity records for Need Livelihood Microfinance Private Limited
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 Need Livelihood Microfinance
Need Livelihood Microfinance Private Limited is audited by NSB&Associates for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NSB&Associates | Locked | Locked | Locked |
Complete auditor history for Need Livelihood Microfinance Private Limited
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 of Need Livelihood Microfinance Private Limited
Need Livelihood Microfinance has 7 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Singh Gailakoti | Director | 30 Mar 2024 | 2 Years 6 Months | Current |
| Prakash Singh | Director | 31 Mar 2016 | 10 Years 6 Months | Current |
| Koranchath Krishnadas Also directs: Swasraya Nidhi Limited, Grampro Business Services Private Limited | Nominee Director | 21 Apr 2025 | 1 Years 5 Months | Current |
| Vivek Chauhan | Director | 21 Jul 2017 | 9 Years 2 Months | Current |
| Jeyaseelan Natarajan | Director | 21 Apr 2025 | 1 Years 5 Months | Current |
| Anil Kumar Singh | Director | 16 Nov 2015 | 10 Years 10 Months | Current |
Financials of Need Livelihood Microfinance Private Limited FY 2024 filings available
Need Livelihood Microfinance Private Limited reported revenue of ₹1.14 Cr (down 41.45% YoY) for FY 2023.
Ten-year financial statements for Need Livelihood Microfinance Private Limited
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 Need Livelihood Microfinance
Shareholding and ownership data for Need Livelihood Microfinance Private Limited
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 Need Livelihood Microfinance
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Dec 2020 | Others | ₹1.5 Cr | Satisfied |
| 01 Dec 2020 | Others | ₹1.5 Cr | Satisfied |
| 08 Jan 2020 | Others | ₹5 Cr | Satisfied |
| 29 Nov 2019 | Others | ₹68.75 Lakh | Satisfied |
| 16 Oct 2019 | Others | ₹3 Cr | Satisfied |
Total charge records: 48 View all charges
Employees and EPFO Compliance at Need Livelihood Microfinance
Need Livelihood Microfinance Private Limited has a workforce of 20 employees as of Mar 28, 2024.
Employee and EPFO history for Need Livelihood Microfinance Private Limited
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 Need Livelihood Microfinance
GST registrations and filing compliance for Need Livelihood Microfinance Private Limited
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 Need Livelihood Microfinance
Credit ratings, litigation, and regulatory alerts for Need Livelihood Microfinance Private Limited
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 Need Livelihood Microfinance
MSME payment history for Need Livelihood Microfinance Private Limited
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 Need Livelihood Microfinance
Corporate group structure for Need Livelihood Microfinance Private Limited
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 Need Livelihood Microfinance
MCA filings and documents for Need Livelihood Microfinance Private Limited
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 Need Livelihood Microfinance
Frequently Asked Questions about Need Livelihood Microfinance Private Limited
Need Livelihood Microfinance is an active private limited company in the financial services sector based in New Delhi, Delhi, India. It was incorporated on 16 November 2015 (11+ years old) and is registered under CIN U65100DL2015PTC287435. The company has 20 employees.
Need Livelihood Microfinance reported revenue of ₹1.14 Cr for FY 2023 (down 41.45% YoY).
The current directors of Need Livelihood Microfinance are:
- Mahendra Singh Gailakoti - Director
- Prakash Singh - Director
- Koranchath Krishnadas - Nominee Director
- Vivek Chauhan - Director
- Jeyaseelan Natarajan - Director
- Anil Kumar Singh - Director
- Hemant Kumar Raj Bahadur Tamta - Additional Director
The primary industry of Need Livelihood Microfinance is financial services. The company specifically operates in microfinance institutions. The company is currently active in this sector.
Need Livelihood Microfinance can be reached at the registered office: Plot No 121 Block B Pocket – 4 Sector – 23 Dwarka, New Delhi, Delhi, India – 110075, or through the website needmfi.in.
The authorised capital is ₹20 Cr, and the paid-up capital is ₹13.33 Cr.