Very Well Micro Credit Foundation
About Very Well Micro Credit Foundation
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Very Well Micro Credit Foundation is a private not for profit company based in Bhadohi, Uttar Pradesh, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 11 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U67190UP2016NPL077104.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Daya Shankar and Kripa Shankar Maurya.
Its last annual general meeting (AGM) was held on 10 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Patel Nagar Gyanpur, Bhadohi, Uttar Pradesh, India – 221304.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.66 Lakh, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹15,307 (net margin 0.6%) and EBITDA of ₹15,307 (EBITDA margin 0.6%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 23% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Very Well Micro Credit Foundation's registered office is in Bhadohi, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressPatel Nagar Gyanpur, Bhadohi, Uttar Pradesh, India – 221304
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Very Well Micro Credit Foundation, 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
Business activity
The main business activity of Very Well Micro Credit Foundation 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 Very Well Micro Credit Foundation, buy the company report.
Financials of Very Well Micro Credit Foundation
FY 2024 filings availableVery Well Micro Credit Foundation reported revenue of ₹23.66 Lakh (up 49% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 49% growth in the latest year. EBITDA rose 232% 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 | ₹15,307 | ||||
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| Net Profit (PAT) | ₹15,307 | ||||
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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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| EBITDA Margin | 0.6% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Very Well Micro Credit Foundation, buy the company report.
Board of directors of Very Well Micro Credit Foundation
Very Well Micro Credit Foundation has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Daya Shankar Also directs: Very Well Mutual Benefit Nidhi Limited | Director | 11 Mar 2016 | 10 Years 7 Months | Current |
| Kripa Shankar Maurya Also directs: Very Well Mutual Benefit Nidhi Limited | Director | 11 Mar 2016 | 10 Years 7 Months | Current |
Peer comparison
Very Well Micro Credit Foundation 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 |
|---|---|---|---|---|---|---|
| Rashi Leasings Private Limited | ₹24.14 Lakh (FY 2024) | -20.0% | Delhi, India | |||
| PMP Sahyog Nidhi Limited | ₹24.12 Lakh (FY 2022) | 154.0% | Manasa, Madhya Pradesh, India | |||
| Pleasent Tradecom Private Limited | ₹23.87 Lakh (FY 2025) | -17.0% | Kolkata, West Bengal, India | |||
| JM Financial Credit Solutions Limited | ₹23.84 Lakh (FY 2023) | -98.0% | Mumbai, Maharashtra, India | |||
| Jan Jan Microfinance Foundation | ₹23.83 Lakh (FY 2024) | -26.0% | Chunar, Uttar Pradesh, India | |||
| Very Well Micro Credit Foundationthis company | ₹23.66 Lakh (FY 2024) | ₹15,307 | 0.6% | 49.0% | Bhadohi, Uttar Pradesh, India | |
| Shivmudra Urban Multiple Nidhi Limited | ₹23.55 Lakh (FY 2023) | 67.0% | Chitegaon, Maharashtra, India | |||
| VSG Trade Pvt Ltd | ₹23.36 Lakh (FY 2025) | -90.0% | Jorhat, Assam, India | |||
| Midson Finvest Private Limited | ₹23.28 Lakh (FY 2025) | 1095.0% | New Delhi, Delhi, India | |||
| Ambica Instalments Limited | ₹23.22 Lakh (FY 2024) | 13.0% | Uttar Pradesh, India | |||
| Usual Leasing and Finance Private Limited | ₹23.15 Lakh (FY 2025) | 23145141.0% | New Delhi, Delhi, India |
To see the full peer comparison of Very Well Micro Credit Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Very Well Micro Credit Foundation 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 Very Well Micro Credit Foundation; 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 Very Well Micro Credit Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Very Well Micro Credit Foundation has 2 board changes on record since 2016: 2 appointments. The latest: Daya Shankar was appointed as Director on 11 Mar 2016.
Frequently asked questions
Very Well Micro Credit Foundation is an active private not for profit company based in Bhadohi, Uttar Pradesh, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 11 March 2016 (10+ years old) and is registered under CIN U67190UP2016NPL077104.
Very Well Micro Credit Foundation has 2 current directors:
- Daya Shankar - Director
- Kripa Shankar Maurya - Director
The latest financial statements of Very Well Micro Credit Foundation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 10 September 2024. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Very Well Micro Credit Foundation is U67190UP2016NPL077104. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Very Well Micro Credit Foundation was incorporated on 11 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Very Well Micro Credit Foundation by revenue are Rashi Leasings Private Limited, PMP Sahyog Nidhi Limited, Pleasent Tradecom Private Limited, JM Financial Credit Solutions Limited, Jan Jan Microfinance Foundation and 5 more, all in the same principal business activity (financial and credit leasing activities).
Daya Shankar was appointed as Director on 11 Mar 2016. Kripa Shankar Maurya was appointed as Director on 11 Mar 2016.
The registered office of Very Well Micro Credit Foundation is at Patel Nagar Gyanpur, Bhadohi, Uttar Pradesh, India – 221304.
Very Well Micro Credit Foundation operates in the financial services industry, in the auxiliary to financial intermediatory segment.
The compliance status of Very Well Micro Credit Foundation is compliant as of 13 September 2026. The company is actively filing with the Registrar of Companies.
Very Well Micro Credit Foundation can be reached at its registered office: Patel Nagar Gyanpur, Bhadohi, Uttar Pradesh, India – 221304.