Prayagutsav Microcredit Private Limited
About Prayagutsav Microcredit Private Limited
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Prayagutsav Microcredit Private Limited is a private limited company based in Varanasi, Uttar Pradesh, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 10 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U65990UP2020PTC139141.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Vikas Upadhyay and Devendra Ahirwar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Near Koirajpur Mode Pilar No. 67 Manshapur Harhua, Varanasi, Uttar Pradesh, India – 221105.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.36 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹19,615 (net margin -4.5%) and EBITDA of -₹17,599 (EBITDA margin -4%).
The company has about 10 employees on its provident fund (EPFO) records.
Company details
Contact details
Prayagutsav Microcredit Private Limited's registered office is in Varanasi, Uttar Pradesh.
- Registered AddressNear Koirajpur Mode Pilar No. 67 Manshapur Harhua, Varanasi, Uttar Pradesh, India – 221105
- IndustryFinancial Services, Other Financial Intermediation
- 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
Business activity
The main business activity of Prayagutsav Microcredit is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Prayagutsav Microcredit Private Limited, buy the company report.
Financials of Prayagutsav Microcredit Private Limited
FY 2022 filings availablePrayagutsav Microcredit Private Limited reported revenue of ₹4.36 Lakh (up 5% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year. EBITDA rose 54% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹17,599 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹19,615 | |
| Balance Sheet | ||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -4% | |
| Net Profit Margin | -4.5% | |
| Return on Equity (ROE) | ||
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To see the full financial statements and ratios of Prayagutsav Microcredit Private Limited, buy the company report.
Board of directors of Prayagutsav Microcredit Private Limited
Prayagutsav Microcredit has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Upadhyay | Director | 07 Jul 2021 | 5 Years 3 Months | Current |
| Devendra Ahirwar Also directs: Riwanza Services Private Limited | Director | 07 Jul 2021 | 5 Years 3 Months | Current |
| Rajendra Prasad | Director | 10 Dec 2020 | 5 Years 10 Months | Current |
| Vikash Kumar Mishra | Director | 10 Dec 2020 | 5 Years 10 Months | Current |
Peer comparison
Prayagutsav Microcredit Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial and credit leasing activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maxwell Leasing and Finance Private Limited | ₹4.52 Lakh (FY 2025) | -73.0% | Delhi, India | |||
| Subhushan Investments Private Limited | ₹4.48 Lakh (FY 2023) | 40.0% | Navin Shahdara, Delhi, India | |||
| Kenshine Solutions Private Limited | ₹4.45 Lakh (FY 2020) | -84.0% | Bangalore, Karnataka, India | |||
| Manokram Nidhi Limited | ₹4.41 Lakh (FY 2024) | -33.0% | Belgaum, Karnataka, India | |||
| Ishani Finserv Private Limited | ₹4.41 Lakh (FY 2023) | 461.0% | Indore, Madhya Pradesh, India | |||
| Prayagutsav Microcredit Private Limitedthis company | ₹4.36 Lakh (FY 2022) | -₹19,615 | -4.5% | 5.0% | Varanasi, Uttar Pradesh, India | |
| Midland India Pvt Ltd | ₹4.33 Lakh (FY 2025) | -49.0% | Kolkata, West Bengal, India | |||
| Shubhangan Micro Foundation | ₹4.31 Lakh (FY 2024) | Sonipat, Haryana, India | ||||
| Aditya Mohindra Consultants Private Limited | ₹4.24 Lakh (FY 2024) | 21.0% | Punjab, India | |||
| Max Rise Mutual Benefit Nidhi Limited | ₹4.23 Lakh (FY 2018) | 64.0% | Khalilabad, Uttar Pradesh, India | |||
| KB India Nidhi Limited | ₹4.17 Lakh (FY 2020) | 112.0% | Sikar, Rajasthan, India |
To see the full peer comparison of Prayagutsav Microcredit Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Prayagutsav Microcredit Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prayagutsav Microcredit Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Prayagutsav Microcredit Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Prayagutsav Microcredit Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Devendra Ahirwar was appointed as Director on 07 Jul 2021.
Frequently asked questions
Prayagutsav Microcredit is an active private limited company based in Varanasi, Uttar Pradesh, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 10 December 2020 (6+ years old) and is registered under CIN U65990UP2020PTC139141.
Prayagutsav Microcredit has 4 current directors:
- Vikas Upadhyay - Director
- Devendra Ahirwar - Director
- Rajendra Prasad - Director
- Vikash Kumar Mishra - Director
The latest financial statements of Prayagutsav Microcredit on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Prayagutsav Microcredit is U65990UP2020PTC139141. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prayagutsav Microcredit was incorporated on 10 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Prayagutsav Microcredit by revenue are Maxwell Leasing and Finance Private Limited, Subhushan Investments Private Limited, Kenshine Solutions Private Limited, Manokram Nidhi Limited, Ishani Finserv Private Limited and 5 more, all in the same principal business activity (financial and credit leasing activities).
Devendra Ahirwar was appointed as Director on 07 Jul 2021. Vikas Upadhyay was appointed as Director on 07 Jul 2021. Rajendra Prasad was appointed as Director on 10 Dec 2020. Prayagutsav Microcredit has 4 board changes on record in total.
The registered office of Prayagutsav Microcredit is at Near Koirajpur Mode Pilar No. 67 Manshapur Harhua, Varanasi, Uttar Pradesh, India – 221105.
Prayagutsav Microcredit operates in the financial services industry, in the other financial intermediation segment.
Prayagutsav Microcredit can be reached at its registered office: Near Koirajpur Mode Pilar No. 67 Manshapur Harhua, Varanasi, Uttar Pradesh, India – 221105.
Prayagutsav Microcredit is registered under the jurisdiction of the Registrar of Companies (ROC), Uttar Pradesh.