Aachiamman Chit Funds Private Limited
About Aachiamman Chit Funds Private Limited
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Aachiamman Chit Funds Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the diversified business activities segment of the business services sector. It was incorporated on 13 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2017PTC114148.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors Palaniappan Vallikannu and Vairavan Palaniappan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.6 Srinivasa Avenue Agathiyar Nagar Nathamuni Villivakkam, Chennai, Tamil Nadu, India – 600049.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.9 Lakh, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹4.32 Lakh (net margin 39.6%) and EBITDA of ₹4.36 Lakh (EBITDA margin 40%). Revenue has declined at a compounded annual rate (CAGR) of 85% over three years and 6% over five years.
Court records list 10 cases involving the company, including 10 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Aachiamman Chit Funds Private Limited's registered office is in Chennai, Tamil Nadu.
- Registered AddressNo.6 Srinivasa Avenue Agathiyar Nagar Nathamuni Villivakkam, Chennai, Tamil Nadu, India – 600049
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
- 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 Aachiamman Chit Funds 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 Aachiamman Chit Funds Private Limited, buy the company report.
Financials of Aachiamman Chit Funds Private Limited
FY 2024 filings availableAachiamman Chit Funds Private Limited reported revenue of ₹10.9 Lakh (up 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 33% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA rose 143% 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 | ₹4.36 Lakh | ||||
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| Net Profit (PAT) | ₹4.32 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 40% | ||||
| Net Profit Margin | 39.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Aachiamman Chit Funds Private Limited, buy the company report.
Board of directors of Aachiamman Chit Funds Private Limited
Aachiamman Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palaniappan Vallikannu | Director | 13 Jan 2017 | 9 Years 9 Months | Current |
| Vairavan Palaniappan Also directs: Concept 2 Reality Technologies Private Limited | Director | 13 Jan 2017 | 9 Years 9 Months | Current |
Peer comparison
Aachiamman Chit Funds Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Chit Funds, Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Padmavati Commercial Credits Pvt Ltd | ₹10.92 Lakh (FY 2018) | 16.0% | Hyderabad, Telangana, India | |||
| Labony Vinimay Pvt Ltd | ₹10.91 Lakh (FY 2025) | -15.0% | Kolkata, West Bengal, India | |||
| Aachiamman Chit Funds Private Limitedthis company | ₹10.9 Lakh (FY 2024) | ₹4.32 Lakh | 39.6% | 33.0% | Chennai, Tamil Nadu, India | |
| Thengumplackal Chitty Fund Private Limited | ₹10.89 Lakh (FY 2025) | -33.0% | Kottayam, Kerala, India |
To see the full peer comparison of Aachiamman Chit Funds Private Limited, buy the company report.
Legal cases
Aachiamman Chit Funds Private Limited has 10 court cases on record: 10 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 10 | 3 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Aachi Spices and Foods Private Limited and 4 others | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by Aachi Masala Foods Private Limited and 4 others | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Aachi Masala Foods Private Limited and 4 others | Disposed |
| High Court, TAMIL NADU | Court case (OSA(CAD)) | Filed against the company by Aachi Masala Foods Private Limited, and 4 others | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed against the company by Aachi Masala Foods Pvt. Ltd. and 6 others | Disposed |
To see the full case history of Aachiamman Chit Funds Private Limited, 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 Aachiamman Chit Funds 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 Aachiamman Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Aachiamman Chit Funds Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Palaniappan Vallikannu was appointed as Director on 13 Jan 2017.
Frequently asked questions
Aachiamman Chit Funds is an active private limited company based in Chennai, Tamil Nadu, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 13 January 2017 (9+ years old) and is registered under CIN U74999TN2017PTC114148.
Aachiamman Chit Funds has 2 current directors:
- Palaniappan Vallikannu - Director
- Vairavan Palaniappan - Director
The latest financial statements of Aachiamman Chit Funds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Aachiamman Chit Funds is U74999TN2017PTC114148. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aachiamman Chit Funds has 10 court cases on record: 10 filed against it. 3 are pending.
Aachiamman Chit Funds was incorporated on 13 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Aachiamman Chit Funds by revenue are Padmavati Commercial Credits Pvt Ltd, Labony Vinimay Pvt Ltd, Thengumplackal Chitty Fund Private Limited, all in the BFSI industry (Chit Funds, Other Financial Services), with the same principal business activity (other financial activities).
Palaniappan Vallikannu was appointed as Director on 13 Jan 2017. Vairavan Palaniappan was appointed as Director on 13 Jan 2017.
The registered office of Aachiamman Chit Funds is at No.6 Srinivasa Avenue Agathiyar Nagar Nathamuni Villivakkam, Chennai, Tamil Nadu, India – 600049.
Aachiamman Chit Funds operates in the business services industry, in the miscellaneous business activities segment.
The compliance status of Aachiamman Chit Funds is compliant as of 17 September 2026. The company is actively filing with the Registrar of Companies.
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