Achala Chit Funds Private Limited
About Achala Chit Funds Private Limited
Data last updated:
Achala Chit Funds Private Limited is a private limited company based in Hanamkonda, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 25 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2011PTC077667. Its GSTIN is 36AAKCA0269J1ZJ (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.3 Cr. It is led by directors Padma Panchagiri (Managing Director) and Satyanarayana Panchagiri.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Hanamkonda, Telangana.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.71 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹19.26 Lakh (net margin 4.1%) and EBITDA of ₹58.53 Lakh (EBITDA margin 12.4%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
The company has about 79 employees on its provident fund (EPFO) records.
Court records list 61 cases involving the company, including 37 filed by the company and 23 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- WebsiteLocked
- Social MediaLocked
- Registered AddressH.No. 1 – 8 – 524/1 First Floor Kandi Complex Opp:Sbh Nakkalgutta Balasamudram Nakka, Lgutta, Hanamkonda, Telangana, India – 506001
- 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
- One PDF report, delivered after checkout
Business Activity of Achala Chit Funds Private Limited
The main business activity of Achala Chit Funds is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Achala Chit Funds Private Limited FY 2019 filings available
Achala Chit Funds Private Limited reported revenue of ₹4.71 Cr (down 33% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Achala Chit Funds Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 33% fall in the latest year. EBITDA fell 46% 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 of Achala Chit Funds Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹58.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19.26 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Achala Chit Funds Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Achala Chit Funds are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Achala Chit Funds Private Limited
Achala Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds, Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Baba Puranmal Chit Fund Private Limited | ₹4.92 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Hyderabad, Telangana, India |
| Jagadraksha Chitfunds Private Limited | ₹4.92 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Hyderabad, Telangana, India |
| Akshodaya Chits (Bangalore) Limited | ₹4.87 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Bangalore, Karnataka, India |
| Navalika Chit Funds Private Limited | ₹4.86 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Hyderabad, Telangana, India |
| Siriadarsha Chits Private Limited | ₹4.72 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Maddur, Karnataka, India |
| Achala Chit Funds Private Limited this company | ₹4.71 Cr (FY 2019) | •••• | •••• | -33.0% | •••• | Hanamkonda, Telangana, India |
| The New Trichur Co Pvt Ltd | ₹4.7 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Thrissur, Kerala, India |
| Souhardha Chits Private Limited | ₹4.67 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Pinninti Chitfunds Private Limited | ₹4.58 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| K C F Chit Funds Private Limited | ₹4.55 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Coimbatore, Tamil Nadu, India |
| Bhagavathi Chits Private Limited | ₹4.53 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Achala Chit Funds by revenue in the BFSI industry (Chit Funds, Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Achala Chit Funds Private Limited
Achala Chit Funds Private Limited is audited by V RAVI & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V RAVI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Achala Chit Funds Private Limited
Achala Chit Funds has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padma Panchagiri | Managing Director | 06 Dec 2011 | 14 Years 10 Months | Current |
| Satyanarayana Panchagiri | Director | 15 Oct 2018 | 8 Years 0 Months | Current |
Ownership and Shareholding of Achala Chit Funds Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Achala Chit Funds Private Limited
Achala Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Achala Chit Funds Private Limited
Achala Chit Funds Private Limited has 61 court cases on record: 37 filed by Achala Chit Funds, 23 filed against it, 1 where it is another party. 7 cases are pending and 54 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 60 | 23 | 7 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mancherial, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Warangal, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, Mancherial, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Mancherial, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Mancherial, Telangana | Civil suit | Filed against the company by an individual | Pending |
Full case history
All 61 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Achala Chit Funds Private Limited
Achala Chit Funds Private Limited has a workforce of 79 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Achala Chit Funds Private Limited
Achala Chit Funds has one previous CIN (Corporate Identification Number): U65992AP2011PTC077667. The current CIN is U65992TG2011PTC077667, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG2011PTC077667 | Current |
| U65992AP2011PTC077667 | Previous |
Recent Activity on Achala Chit Funds Private Limited
Achala Chit Funds Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Anjaiah Devunuri ceased to be Director on 15 Oct 2018.
Credit Ratings, Litigation & Regulatory Alerts for Achala Chit Funds Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Achala Chit Funds Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Achala Chit Funds Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Achala Chit Funds Private Limited
Achala Chit Funds has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAKCA0269J1ZJ | Telangana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Achala Chit Funds Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Achala Chit Funds Private Limited
Achala Chit Funds is an active private limited company based in Hanamkonda, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 25 November 2011 (15+ years old) and is registered under CIN U65992TG2011PTC077667.
Achala Chit Funds reported revenue of ₹4.71 Cr for FY 2019 (down 33% YoY).
Achala Chit Funds has 2 current directors:
- Padma Panchagiri - Managing Director
- Satyanarayana Panchagiri - Director
Achala Chit Funds reported a net profit of ₹19.26 Lakh (net margin 4.1%) and EBITDA of ₹58.53 Lakh (EBITDA margin 12.4%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Achala Chit Funds is -8% over three years. In the latest year (FY 2019) revenue fell 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Achala Chit Funds is 36AAKCA0269J1ZJ, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Achala Chit Funds is U65992TG2011PTC077667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Achala Chit Funds has 61 court cases on record: 37 filed by the company and 23 filed against it. 7 are pending. Most are in the district courts.
Achala Chit Funds was incorporated on 25 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Achala Chit Funds by revenue are Baba Puranmal Chit Fund Private Limited, Jagadraksha Chitfunds Private Limited, Akshodaya Chits (Bangalore) Limited, Navalika Chit Funds Private Limited, Siriadarsha Chits Private Limited and 5 more, all in the BFSI industry (Chit Funds, Micro Finance).
Anjaiah Devunuri ceased to be Director on 15 Oct 2018. Satyanarayana Panchagiri was appointed as Director on 15 Oct 2018. Nagaraju Vadnala ceased to be Managing Director on 01 Aug 2018. Achala Chit Funds has 7 board changes on record in total.