Sapphire Well Microfinance Association
About Sapphire Well Microfinance Association
Data last updated:
Sapphire Well Microfinance Association is a private not for profit company based in Bikaner, Rajasthan, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 04 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65999RJ2017NPL057966.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.01 Cr. It is led by directors including Bhanwar Singh and Kamod Kanwar.
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 S.N. 2 Milan Hotel Jaipur Road Sri Dungargarh, Bikaner, Rajasthan, India – 331803.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.56 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.42 Lakh (net margin 2%) and EBITDA of ₹2.1 Lakh (EBITDA margin 3%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sapphire Well Microfinance Association's registered office is in Bikaner, Rajasthan.
- Registered AddressS.N. 2 Milan Hotel Jaipur Road Sri Dungargarh, Bikaner, Rajasthan, India – 331803
- IndustryFinancial Services, Microfinance Institutions
- 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 Sapphire Well Microfinance Association 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 Sapphire Well Microfinance Association, buy the company report.
Financials of Sapphire Well Microfinance Association
FY 2025 filings availableSapphire Well Microfinance Association reported revenue of ₹70.56 Lakh (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 68% 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 | ₹2.1 Lakh | ||||
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| Net Profit (PAT) | ₹1.42 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 3% | ||||
| Net Profit Margin | 2% | ||||
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To see the full financial statements and ratios of Sapphire Well Microfinance Association, buy the company report.
Board of directors of Sapphire Well Microfinance Association
Sapphire Well Microfinance Association has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhanwar Singh Also directs: Shivani Chandrawat Nidhi Limited | Director | 07 Mar 2020 | 6 Years 7 Months | Current |
| Kamod Kanwar | Director | 07 Mar 2020 | 6 Years 7 Months | Current |
| Rajendra Singh Bhati | Director | 07 Mar 2020 | 6 Years 7 Months | Current |
| Shivani Rathore Also directs: Shivani Chandrawat Nidhi Limited | Director | 01 May 2019 | 7 Years 5 Months | Current |
| Ajit Singh Also directs: Shivani Chandrawat Nidhi Limited | Director | 01 May 2019 | 7 Years 5 Months | Current |
Peer comparison
Sapphire Well Microfinance Association is compared with the 7 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Nallabothula Chits India Private Limited | ₹71.47 Lakh (FY 2022) | 52.0% | Proddatur, Andhra Pradesh, India | |||
| SKM Capital & Holdings Private Limited | ₹71.18 Lakh (FY 2019) | -4.0% | Mumbai, Maharashtra, India | |||
| JRL Chit Fund Private Limited | ₹71.14 Lakh (FY 2025) | -11.0% | Bangalore, Karnataka, India | |||
| Sapphire Well Microfinance Associationthis company | ₹70.56 Lakh (FY 2025) | ₹1.42 Lakh | 2% | -5.0% | Bikaner, Rajasthan, India | |
| Mitr Sewa Nidhi Limited | ₹70.29 Lakh (FY 2024) | 250.0% | Lucknow, Uttar Pradesh, India | |||
| Kalpaka Nidhi Limited | ₹70.07 Lakh (FY 2024) | 47.0% | Thrissur, Kerala, India | |||
| Radhanagari Urban Nidhi Limited | ₹69.58 Lakh (FY 2023) | 2271.0% | Kagal, Maharashtra, India | |||
| Sri Thayar Chit Funds Private Limited | ₹68.39 Lakh (FY 2025) | 30.0% | Tiruchirappalli, Tamil Nadu, India |
To see the full peer comparison of Sapphire Well Microfinance Association, buy the company report.
Legal cases
Sapphire Well Microfinance Association has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Court case (SAW) | Filed against the company by Crif High Mark Credit Information Services Pvt. Ltd. | Disposed |
| High Court of Rajasthan | Interim or miscellaneous application | Filed against the company by Crif High Mark Credit Information Services Pvt. Ltd. | Disposed |
To see the full case history of Sapphire Well Microfinance Association, 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 Sapphire Well Microfinance Association; 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 Sapphire Well Microfinance Association; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sapphire Well Microfinance Association has 7 board changes on record since 2019: 5 appointments and 2 cessations. The latest: Bhanwar Singh was appointed as Director on 07 Mar 2020.
Frequently asked questions
Sapphire Well Microfinance Association is an active private not for profit company based in Bikaner, Rajasthan, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 04 May 2017 (9+ years old) and is registered under CIN U65999RJ2017NPL057966.
Sapphire Well Microfinance Association has 5 current directors:
- Bhanwar Singh - Director
- Kamod Kanwar - Director
- Rajendra Singh Bhati - Director
- Shivani Rathore - Director
- Ajit Singh - Director
The latest financial statements of Sapphire Well Microfinance Association 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 FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Sapphire Well Microfinance Association is U65999RJ2017NPL057966. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sapphire Well Microfinance Association has 2 court cases on record: 2 filed against it.
Sapphire Well Microfinance Association was incorporated on 04 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Sapphire Well Microfinance Association by revenue are Nallabothula Chits India Private Limited, SKM Capital & Holdings Private Limited, JRL Chit Fund Private Limited, Mitr Sewa Nidhi Limited, Kalpaka Nidhi Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Bhanwar Singh was appointed as Director on 07 Mar 2020. Kamod Kanwar was appointed as Director on 07 Mar 2020. Rajendra Singh Bhati was appointed as Director on 07 Mar 2020. Sapphire Well Microfinance Association has 7 board changes on record in total.
The registered office of Sapphire Well Microfinance Association is at S.N. 2 Milan Hotel Jaipur Road Sri Dungargarh, Bikaner, Rajasthan, India – 331803.
Sapphire Well Microfinance Association operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Sapphire Well Microfinance Association is compliant as of 16 July 2026. The company is actively filing with the Registrar of Companies.