March 24, 2017 5:22 PM ET

Consumer Finance

Company Overview of M Power Micro Finance Pvt Ltd.

Company Overview

M Power Micro Finance Pvt Ltd., a micro finance company, offers loans. It offers rural/agricultural and business loans. The company was incorporated in 2009 and is based in Mumbai, India with branches in Ahmedabad, Anand, Kheda, Vadodara, Panchmahal, and Jaipur, India.

B/212, Arjun Centre

Plot No.231

Govandi Station Road

Govandi

Mumbai,  400088

India

Founded in 2009

Phone:

91 22 2550 4357

Key Executives for M Power Micro Finance Pvt Ltd.

Chief Executive Officer and Director
Head of Accounts & Finance
Chief Operating Officer and Director
Head of Operations, Audit & It
Cluster Head for Gujarat
Compensation as of Fiscal Year 2016.

M Power Micro Finance Pvt Ltd. Key Developments

M Power Micro Finance Pvt Ltd. Reports Audited Standalone Earnings Results for the Second Half and Full Year Ended March 31, 2016

M Power Micro Finance Pvt Ltd. reported audited standalone earnings results for the second half and full year ended March 31, 2016. For the second half, the company reported total income of INR 122.014 million against INR 368.046 million a year ago. Profit from ordinary activities before tax was INR 18.766 million against INR 6.351 million a year ago. Net profit was INR 12.881 million or INR 2.11 per basic and diluted share against INR 5.177 million or INR 1.00 per basic and diluted share a year ago. Return on assets was 2.63% compared to 2.98% a year ago. For the full year, the company reported total income of INR 225.662 million against INR 115.487 million a year ago. Profit from ordinary activities before tax was INR 32.985 million against INR 14.429 million a year ago. Net profit was INR 25.124 million or INR 2.11 per basic and diluted share against INR 11.677 million or INR 1.00 per basic and diluted share a year ago. Return on assets was 2.63% compared to 2.98% a year ago.

M Power Micro Finance Pvt Ltd. Appoints Birajkumar Hasmukhlal Pancholi as Compliance Officer

M Power Micro Finance Pvt Ltd. at its board meeting held on January 28, 2016, has appointed Mr. Birajkumar Hasmukhlal Pancholi as a Compliance Officer, who has been working with the company as a Company Secretary with effect from September 01, 2015.

M Power Micro Finance Pvt Ltd., Board Meeting, Jan 28, 2016

M Power Micro Finance Pvt Ltd., Board Meeting, Jan 28, 2016. Agenda: To appoint Birajkumar Hasmukhlal Pancholi as a Compliance Officer.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 8, 2016
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