Adrika Chit Funds Private Limited
About Adrika Chit Funds Private Limited
Data last updated:
Adrika Chit Funds Private Limited is a private limited company based in Karimnagar, Telangana, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 10 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74900TG2015PTC099277. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Madhukar Rao Boinpally and Buchi Reddy Vootla.
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 H.No.5 – 6 – 43 44&45 1st Floor Krishna Nagar Beside Srinivas Lodge Ntpc Jyothinagar, Karimnagar, Telangana, India – 505215.
As per the financials filed for FY 2024, the company reported a revenue of ₹1 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹29,770 (net margin -29.7%) and EBITDA of -₹21,200 (EBITDA margin -21.1%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years and 47% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Adrika Chit Funds Private Limited's registered office is in Karimnagar, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH.No.5 – 6 – 43 44&45 1st Floor Krishna Nagar Beside Srinivas Lodge Ntpc Jyothinagar, Karimnagar, Telangana, India – 505215
- IndustryFinancial Services, Financial Activities
To see the full contact details of Adrika Chit Funds Private Limited, 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 Adrika 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 |
Financials of Adrika Chit Funds Private Limited
FY 2024 filings availableAdrika Chit Funds Private Limited reported revenue of ₹1 Lakh (down 95% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 95% fall in the latest year. EBITDA fell 131% 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 | -₹21,200 | ||||
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| Net Profit (PAT) | -₹29,770 | ||||
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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 | -21.1% | ||||
| Net Profit Margin | -29.7% | ||||
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To see the full financial statements and ratios of Adrika Chit Funds Private Limited, buy the company report.
Board of directors of Adrika Chit Funds Private Limited
Adrika Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhukar Rao Boinpally | Director | 10 Jun 2015 | 11 Years 4 Months | Current |
| Buchi Reddy Vootla | Director | 10 Jun 2015 | 11 Years 4 Months | Current |
Peer comparison
Adrika Chit Funds Private Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Sri Aieshwarya Lakshmi Chit Funds Private Limited | ₹1.15 Lakh (FY 2018) | 192.0% | Madurai, Tamil Nadu, India | |||
| Jai Gurudev Chit Funds Private Limited | ₹1.11 Lakh (FY 2025) | 1755.0% | Tirunelveli, Tamil Nadu, India | |||
| Chellammal Chit Funds Private Limited | ₹1.07 Lakh (FY 2023) | Madurai, Tamil Nadu, India | ||||
| Vallimalaiyan Chit Funds Private Limited | ₹1.04 Lakh (FY 2021) | -81.0% | Pudukkottai, Tamil Nadu, India | |||
| Adrika Chit Funds Private Limitedthis company | ₹1 Lakh (FY 2024) | -₹29,770 | -29.7% | -95.0% | Karimnagar, Telangana, India | |
| Racharaya Chit Funds Private Limited | ₹99,500 (FY 2018) | Tandur, Telangana, India | ||||
| Muppathadam Chit Funds Private Limited | ₹99,494 (FY 2025) | -51.0% | Aluva, Kerala, India | |||
| Balasri Thandayuthapani Chit Funds Private Limited | ₹99,450 (FY 2025) | 103.0% | Singapunari, Tamil Nadu, India | |||
| Agaiah Chit Funds Private Limited | ₹99,327 (FY 2024) | -22.0% | Mahabubabad, Telangana, India | |||
| Kashadd-On Committee & Members Chit Funds Private Limited | ₹98,545 (FY 2022) | 667.0% | Delhi, India |
To see the full peer comparison of Adrika Chit Funds Private Limited, buy the company report.
Auditor
Adrika Chit Funds Private Limited is audited by RAO RAJU & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAO RAJU & ASSOCIATES | FY 2017 | 011401S |
Shareholding
The shareholding of Adrika Chit Funds Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Adrika Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Adrika Chit Funds Private Limited 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 Adrika Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Adrika Chit Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Adrika Chit Funds Private Limited, buy the company report.
Recent activity
Adrika Chit Funds Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Buchi Reddy Vootla was appointed as Director on 10 Jun 2015.
Frequently asked questions
Adrika Chit Funds is an active private limited company based in Karimnagar, Telangana, India. The company works in financial activities, within the financial services industry. It was incorporated on 10 June 2015 (11+ years old) and is registered under CIN U74900TG2015PTC099277.
Adrika Chit Funds has 2 current directors:
- Madhukar Rao Boinpally - Director
- Buchi Reddy Vootla - Director
The latest financial statements of Adrika 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 2016 are in the company report.
No. Adrika Chit Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Adrika Chit Funds is U74900TG2015PTC099277. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adrika Chit Funds was incorporated on 10 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Adrika Chit Funds by revenue are Sri Aieshwarya Lakshmi Chit Funds Private Limited, Jai Gurudev Chit Funds Private Limited, Chellammal Chit Funds Private Limited, Vallimalaiyan Chit Funds Private Limited, Racharaya Chit Funds Private Limited and 4 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Buchi Reddy Vootla was appointed as Director on 10 Jun 2015. Madhukar Rao Boinpally was appointed as Director on 10 Jun 2015.
The registered office of Adrika Chit Funds is at H.No.5 – 6 – 43 44&45 1st Floor Krishna Nagar Beside Srinivas Lodge Ntpc Jyothinagar, Karimnagar, Telangana, India – 505215.
Adrika Chit Funds operates in the financial services industry, in the financial activities segment.
The compliance status of Adrika Chit Funds is compliant as of 30 September 2026. The company is actively filing with the Registrar of Companies.
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