Assefa Chits Private Limited
About Assefa Chits Private Limited
Data last updated:
Assefa Chits Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 12 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2007PTC065713.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh. It is led by directors Loganathan Subbiah (Managing Director) and Muthiah Vasantha.
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. 1 Lady Doak College Road, Madurai, Tamil Nadu, India – 625002.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.67 Lakh, a growth of 83% compared to the previous year. For the same year it recorded a net loss of ₹95,288 (net margin -5.1%) and EBITDA of -₹84,980 (EBITDA margin -4.6%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo. 1 Lady Doak College Road, Madurai, Tamil Nadu, India – 625002
- IndustryFinancial Services, Financial Activities
- 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 Assefa Chits Private Limited
The main business activity of Assefa Chits 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 Assefa Chits Private Limited FY 2024 filings available
Assefa Chits Private Limited reported revenue of ₹18.67 Lakh (up 83% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Assefa Chits Private Limited
Revenue rose 83% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 80% 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 Assefa Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹84,980 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹95,288 | •••• | •••• | •••• | •••• |
| 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 Assefa Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -5.1% | •••• | •••• | •••• | •••• |
| 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 Assefa Chits 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 Assefa Chits Private Limited
Assefa Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Variables Software Private Limited | ₹18.7 Lakh (FY 2023) | •••• | •••• | 14509.0% | •••• | New Delhi, Delhi, India |
| Rama Microfinance Foundation | ₹18.7 Lakh (FY 2024) | •••• | •••• | 15.0% | •••• | Agra, Uttar Pradesh, India |
| Viral Safe Deposit Vault Private Limited | ₹18.69 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | Surat, Gujarat, India |
| Chandrayan Kuries Private Limited | ₹18.68 Lakh (FY 2021) | •••• | •••• | -32.0% | •••• | Irinjalakuda, Kerala, India |
| Kas Chit Fund Private Limited | ₹18.68 Lakh (FY 2024) | •••• | •••• | 6.0% | •••• | Sonipat, Haryana, India |
| Assefa Chits Private Limited this company | ₹18.67 Lakh (FY 2024) | •••• | •••• | 83.0% | •••• | Madurai, Tamil Nadu, India |
| Visala Chit Funds Private Limited | ₹18.67 Lakh (FY 2025) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Choksi Holding Company Private Limited | ₹18.67 Lakh (FY 2023) | •••• | •••• | 12.0% | •••• | Indore, Madhya Pradesh, India |
| Superking Electricals Pvt Ltd | ₹18.67 Lakh (FY 2023) | •••• | •••• | -3.0% | •••• | Kolkata, West Bengal, India |
| Rajarshi Kuries Private Limited | ₹18.66 Lakh (FY 2025) | •••• | •••• | -29.0% | •••• | Thrissur, Kerala, India |
| Thapar Ventures Private Limited | ₹18.65 Lakh (FY 2025) | •••• | •••• | -64.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Assefa Chits by revenue in the same principal business activity (Other financial activities), 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 Assefa Chits Private Limited
Assefa Chits Private Limited is audited by MADHU BALAN & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MADHU BALAN & ASSOCIATES | 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 Assefa Chits Private Limited
Assefa Chits has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthiah Vasantha Also directs: Shanthigram Dairy Promotion | Director | 18 Jan 2008 | 18 Years 8 Months | Current |
| Loganathan Subbiah Also directs: Assefa Seed Producer Company Limited, Sarvodaya Milk Producers Federation, Seva Women Dairy Development and 5 more | Managing Director | 12 Dec 2007 | 18 Years 9 Months | Current |
Ownership and Shareholding of Assefa Chits 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 Assefa Chits Private Limited
Assefa Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Assefa Chits Private Limited
Employment history and EPFO contributions of people linked to Assefa Chits.
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.
Recent Activity on Assefa Chits Private Limited
Assefa Chits Private Limited has 4 board changes on record since 2007: 2 appointments and 2 cessations. The latest: Loganathan Subbiah ceased to be Director on 30 Oct 2015.
Credit Ratings, Litigation & Regulatory Alerts for Assefa Chits 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 Assefa Chits 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 Assefa Chits 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 Assefa Chits Private Limited
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 Assefa Chits 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 Assefa Chits Private Limited
Assefa Chits is an active private limited company based in Madurai, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 12 December 2007 (19+ years old) and is registered under CIN U65992TN2007PTC065713.
Assefa Chits reported revenue of ₹18.67 Lakh for FY 2024 (up 83% YoY).
Assefa Chits has 2 current directors:
- Loganathan Subbiah - Managing Director
- Muthiah Vasantha - Director
Assefa Chits reported a net loss of ₹95,288 (net margin -5.1%) and EBITDA of -₹84,980 (EBITDA margin -4.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Assefa Chits is -5% over three years and -8% over five years. In the latest year (FY 2024) revenue rose 83%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Assefa Chits is U65992TN2007PTC065713. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Assefa Chits was incorporated on 12 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Assefa Chits by revenue are Variables Software Private Limited, Rama Microfinance Foundation, Viral Safe Deposit Vault Private Limited, Chandrayan Kuries Private Limited, Kas Chit Fund Private Limited and 5 more, all in the same principal business activity (Other financial activities).
Loganathan Subbiah ceased to be Director on 30 Oct 2015. Balasubramanian ceased to be Director on 23 Aug 2010. Muthiah Vasantha was appointed as Director on 18 Jan 2008. Assefa Chits has 4 board changes on record in total.
The registered office of Assefa Chits is at No. 1 Lady Doak College Road, Madurai, Tamil Nadu, India – 625002.
Assefa Chits has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh.