Akshayarithu Chits Private Limited
About Akshayarithu Chits Private Limited
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Akshayarithu Chits Private Limited is a private limited company based in Thiruvananthapuram, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 05 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2011PTC027351. Its GSTIN is 32AAJCA3014A1ZM (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rajeevan Puthiyottil (Managing Director) and Praseetha Madathil Kandi.
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 Tc 7/671 – 4 1st Floor Ulloor Medical College Post, Thiruvananthapuram, Kerala, India – 695011.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.93 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹50,382 (net margin -0.3%) and EBITDA of ₹5.92 Lakh (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 15% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
Court records list 338 cases involving the company, including 334 filed by the company and 4 filed against it; 274 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Akshayarithu Chits Private Limited's registered office is in Thiruvananthapuram, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressTc 7/671 – 4 1st Floor Ulloor Medical College Post, Thiruvananthapuram, Kerala, India – 695011
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Akshayarithu Chits 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 Akshayarithu Chits 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 Akshayarithu Chits Private Limited, buy the company report.
Financials of Akshayarithu Chits Private Limited
FY 2024 filings availableAkshayarithu Chits Private Limited reported revenue of ₹1.93 Cr (up 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 13% growth in the latest year. EBITDA rose 81% 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 | ₹5.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹50,382 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | -0.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Akshayarithu Chits Private Limited, buy the company report.
Board of directors of Akshayarithu Chits Private Limited
Akshayarithu Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeevan Puthiyottil | Managing Director | 05 Jan 2011 | 15 Years 9 Months | Current |
| Praseetha Madathil Kandi | Director | 05 Jan 2011 | 15 Years 9 Months | Current |
Peer comparison
Akshayarithu Chits Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Cordialgramin Nidhi Limited | ₹1.95 Cr (FY 2024) | -35.0% | Ernakulam, Kerala, India | |||
| Mancherial Amartya Chit Funds Private Limited | ₹1.95 Cr (FY 2022) | 33.0% | Mancherial, Telangana, India | |||
| Hi-Wealth Kuries Limited | ₹1.94 Cr (FY 2025) | 6.0% | Thrissur, Kerala, India | |||
| Magan Nidhi Limited | ₹1.93 Cr (FY 2025) | 68.0% | Nagpur, Maharashtra, India | |||
| Akshayarithu Chits Private Limitedthis company | ₹1.93 Cr (FY 2024) | -₹50,382 | -0.3% | 13.0% | 33 | Thiruvananthapuram, Kerala, India |
| Slyn Chits Private Limited | ₹1.92 Cr (FY 2025) | 29.0% | Hyderabad, Telangana, India | |||
| Dr Karthi Chit India Private Limited | ₹1.89 Cr (FY 2024) | 56.0% | Sathyamangalam, Tamil Nadu, India | |||
| Kaametardha Chit Funds Private Limited | ₹1.88 Cr (FY 2025) | 56.0% | Secunderabad, Telangana, India | |||
| Sri Balaji Sai Ram Chit Fund Private Limited | ₹1.88 Cr (FY 2025) | 3.0% | Sangareddy, Telangana, India |
To see the full peer comparison of Akshayarithu Chits Private Limited, buy the company report.
Auditor
Akshayarithu Chits Private Limited is audited by GSPU & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GSPU & ASSOCIATES | FY 2017 | 011266S |
Shareholding
The shareholding of Akshayarithu Chits Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Akshayarithu Chits Private Limited, buy the company report.
Legal cases
Akshayarithu Chits Private Limited has 338 court cases on record: 334 filed by Akshayarithu Chits, 4 filed against it. 274 cases are pending and 64 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 337 | 3 | 273 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 338)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Akshayarithu Chits 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 Akshayarithu Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akshayarithu Chits Private Limited has a workforce of 33 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Akshayarithu Chits has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAJCA3014A1ZM | Kerala | Active | 27 Jul 2017 |
| 33AAJCA3014A1ZK | Tamil Nadu | Active | 20 Jun 2018 |
To see the full GST registrations and return filing status of Akshayarithu Chits Private Limited, buy the company report.
Recent activity
Akshayarithu Chits Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Rajeevan Puthiyottil ceased to be Director on 02 Apr 2013.
Frequently asked questions
Akshayarithu Chits is an active private limited company based in Thiruvananthapuram, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 05 January 2011 (15+ years old) and is registered under CIN U65992KL2011PTC027351.
Akshayarithu Chits has 2 current directors:
- Rajeevan Puthiyottil - Managing Director
- Praseetha Madathil Kandi - Director
The latest financial statements of Akshayarithu Chits 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 2015 are in the company report.
The GSTIN of Akshayarithu Chits is 32AAJCA3014A1ZM, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAJCA3014A1ZK (Tamil Nadu).
The CIN (Corporate Identification Number) of Akshayarithu Chits is U65992KL2011PTC027351. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshayarithu Chits has 338 court cases on record: 334 filed by the company and 4 filed against it. 274 are pending. Most are in the district courts.
Akshayarithu Chits was incorporated on 05 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Akshayarithu Chits by revenue are Cordialgramin Nidhi Limited, Mancherial Amartya Chit Funds Private Limited, Hi-Wealth Kuries Limited, Magan Nidhi Limited, Slyn Chits Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Rajeevan Puthiyottil ceased to be Director on 02 Apr 2013. Praseetha Madathil Kandi was appointed as Director on 05 Jan 2011. Rajeevan Puthiyottil was appointed as Managing Director on 05 Jan 2011.
The registered office of Akshayarithu Chits is at Tc 7671 – 4 1st Floor Ulloor Medical College Post, Thiruvananthapuram, Kerala, India – 695011.
Akshayarithu Chits operates in the financial services industry, in the microfinance institutions segment.
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