Associates Chits Private Limited
About Associates Chits Private Limited
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Associates Chits Private Limited is a private limited company based in Sattur, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 28 January 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN1997PTC037404.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jawaharlal and Lakshmanan Arumugasamy.
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 D.No.117 Bye Pass Roadsattur. Pin 626203, Tamil Nadu, India – 626203.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.1 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9,541 (net margin 4.5%) and EBITDA of ₹12,893 (EBITDA margin 6.1%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 9% over five years.
Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Associates Chits Private Limited's registered office is in Sattur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD.No.117 Bye Pass Roadsattur. Pin 626203, Tamil Nadu, India – 626203
- IndustryFinancial Services, Other Financial Intermediation, Mutual Fund
To see the full contact details of Associates 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 Associates 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 Associates Chits Private Limited, buy the company report.
Financials of Associates Chits Private Limited
FY 2024 filings availableAssociates Chits Private Limited reported revenue of ₹2.1 Lakh (up 607% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 607% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 9%. EBITDA rose 284% 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 | ₹12,893 | ||||
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| Net Profit (PAT) | ₹9,541 | ||||
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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 | 6.1% | ||||
| Net Profit Margin | 4.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Associates Chits Private Limited, buy the company report.
Board of directors of Associates Chits Private Limited
Associates Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jawaharlal | Director | 28 Jan 1997 | 29 Years 9 Months | Current |
| Lakshmanan Arumugasamy | Director | 28 Jan 1997 | 29 Years 9 Months | Current |
Peer comparison
Associates Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Jamar Deen Sehekari Nidhi Limited | ₹2.1 Lakh (FY 2021) | Rajasthan, India | ||||
| Goldsmith Shoppers Private Limited | ₹2.1 Lakh (FY 2019) | -87.0% | Kolkata, West Bengal, India | |||
| Oceantrans Mercantiles Private Limited. | ₹2.1 Lakh (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Cusp Power Ventures Private Limited | ₹2.1 Lakh (FY 2025) | New Delhi, Delhi, India | ||||
| Pyretic Trading & Finance Co Ltd | ₹2.1 Lakh (FY 2020) | -94.0% | Kolkata, West Bengal, India | |||
| Associates Chits Private Limitedthis company | ₹2.1 Lakh (FY 2024) | ₹9,541 | 4.5% | 607.0% | Sattur, Tamil Nadu, India | |
| Perinnanam Kuries and Loans Pvt Ltd | ₹2.1 Lakh (FY 2016) | 39.0% | Thrissur, Kerala, India | |||
| Sarada Sukaniya Nidhi Limited | ₹2.1 Lakh (FY 2023) | 123.0% | Alirajpur, Madhya Pradesh, India | |||
| Anuvrat Techno-Professionals Private Limited | ₹2.1 Lakh (FY 2024) | -69.0% | New Delhi, Delhi, India | |||
| Aidunitted Nidhi Limited | ₹2.1 Lakh (FY 2025) | -28.0% | Baduria, West Bengal, India | |||
| Sree Naomi Chits Private Limited | ₹2.1 Lakh (FY 2019) | 133.0% | Thiruvalla, Kerala, India |
To see the full peer comparison of Associates Chits Private Limited, buy the company report.
Auditor
Associates Chits Private Limited is audited by S. MURUGESAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. MURUGESAN | FY 2017 | 029595 |
Shareholding
The shareholding of Associates 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 Associates Chits Private Limited, buy the company report.
Legal cases
Associates Chits Private Limited has 3 court cases on record: 3 filed by Associates Chits. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Orissa | Court case (EXECUITION CASES) | Filed by the company against an individual | Disposed |
| District court, Khurda, Orissa | Court case (EXECUITION CASES) | Filed by the company against individuals | Disposed |
| District court, Khurda, Orissa | Court case (EXECUITION CASES) | Filed by the company against individuals | Disposed |
To see the full case history of Associates 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 Associates Chits 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 Associates Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Associates Chits Private Limited has 2 board changes on record since 1997: 2 appointments. The latest: Jawaharlal was appointed as Director on 28 Jan 1997.
Frequently asked questions
Associates Chits is an active private limited company based in Sattur, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 28 January 1997 (29+ years old) and is registered under CIN U65991TN1997PTC037404.
Associates Chits has 2 current directors:
- Jawaharlal - Director
- Lakshmanan Arumugasamy - Director
The latest financial statements of Associates 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 CIN (Corporate Identification Number) of Associates Chits is U65991TN1997PTC037404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Associates Chits has 3 court cases on record: 3 filed by the company.
Associates Chits was incorporated on 28 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Associates Chits by revenue are Jamar Deen Sehekari Nidhi Limited, Goldsmith Shoppers Private Limited, Oceantrans Mercantiles Private Limited, Cusp Power Ventures Private Limited, Pyretic Trading & Finance Co Ltd and 5 more, all in the same principal business activity (other financial activities).
Jawaharlal was appointed as Director on 28 Jan 1997. Lakshmanan Arumugasamy was appointed as Director on 28 Jan 1997.
The registered office of Associates Chits is at D.No.117 Bye Pass Roadsattur. Pin 626203, Tamil Nadu, India – 626203.
Associates Chits operates in the financial services industry, in the other financial intermediation segment.
The compliance status of Associates Chits is compliant as of 09 September 2026. The company is actively filing with the Registrar of Companies.
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