BMG Chits Private Limited
About BMG Chits Private Limited
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BMG Chits Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 18 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2020PTC139492.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10 Lakh. It is led by directors Sivasankar Pandiarajan (Managing Director) and Gunaseelan Mariappan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 54 Vaithiyanathapuram Thathaneri, Madurai, Tamil Nadu, India – 626001.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.25 Lakh, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹15,830 (net margin 4.9%) and EBITDA of ₹21,160 (EBITDA margin 6.5%).
Company details
Contact details
BMG Chits Private Limited's registered office is in Madurai, Tamil Nadu.
- Registered Address54 Vaithiyanathapuram Thathaneri, Madurai, Tamil Nadu, India – 626001
- IndustryFinancial Services, Other Financial Intermediation
- 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 BMG 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 BMG Chits Private Limited, buy the company report.
Financials of BMG Chits Private Limited
FY 2023 filings availableBMG Chits Private Limited reported revenue of ₹3.25 Lakh (up 48% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 48% in the latest year. EBITDA rose 109% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹21,160 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹15,830 | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 6.5% | ||
| Net Profit Margin | 4.9% | ||
| Return on Equity (ROE) | |||
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To see the full financial statements and ratios of BMG Chits Private Limited, buy the company report.
Board of directors of BMG Chits Private Limited
BMG 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 |
|---|---|---|---|---|
| Sivasankar Pandiarajan Also directs: BMG Gold Market Private Limited, BMG Jewellers Private Limited | Managing Director | 23 Sep 2023 | 3 Years 1 Months | Current |
| Gunaseelan Mariappan Also directs: Plaj Promoters LLP, VS Management Consultancy LLP, M Gold Jewellery Private Limited and 2 more | Director | 18 Nov 2020 | 5 Years 11 Months | Current |
Peer comparison
BMG 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 |
|---|---|---|---|---|---|---|
| JB Mutual Benefit Nidhi Limited | ₹3.25 Lakh (FY 2019) | Jodhpur, Rajasthan, India | ||||
| Millennium Industries Private Limited | ₹3.25 Lakh (FY 2019) | 111.0% | Kolkata, West Bengal, India | |||
| S. N. Nidhi Limited | ₹3.25 Lakh (FY 2025) | -7.0% | Chalakudy, Kerala, India | |||
| Udayvani Trexim Pvt. Ltd. | ₹3.25 Lakh (FY 2024) | -2.0% | Howrah, West Bengal, India | |||
| Dove Info Solutions Private Limited | ₹3.25 Lakh (FY 2025) | 344.0% | Bahadurgarh, Haryana, India | |||
| BMG Chits Private Limitedthis company | ₹3.25 Lakh (FY 2023) | ₹15,830 | 4.9% | 48.0% | Madurai, Tamil Nadu, India | |
| Sumu Finlease Ltd | ₹3.25 Lakh (FY 2018) | 190.0% | New Delhi, Delhi, India | |||
| Swarna Ganga Chit Funds and Finance Company Private Limited | ₹3.25 Lakh (FY 2025) | -83.0% | Hyderabad, Telangana, India | |||
| Kins Kuries Private Limited | ₹3.25 Lakh (FY 2017) | -56.0% | Thrissur, Kerala, India | |||
| Venugopal Co Pvt Ltd | ₹3.25 Lakh (FY 2024) | Thrissur, Kerala, India | ||||
| DNM Consultancy & Management Private Limited | ₹3.25 Lakh (FY 2025) | -73.0% | Kolkata, West Bengal, India |
To see the full peer comparison of BMG Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving BMG Chits 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 BMG 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 BMG Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
BMG Chits Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Sivasankar Pandiarajan ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
BMG Chits is an active private limited company based in Madurai, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 18 November 2020 (6+ years old) and is registered under CIN U65999TN2020PTC139492.
BMG Chits has 2 current directors:
- Sivasankar Pandiarajan - Managing Director
- Gunaseelan Mariappan - Director
The latest financial statements of BMG Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of BMG Chits is U65999TN2020PTC139492. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BMG Chits was incorporated on 18 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of BMG Chits by revenue are JB Mutual Benefit Nidhi Limited, Millennium Industries Private Limited, S. N. Nidhi Limited, Udayvani Trexim Pvt. Ltd, Dove Info Solutions Private Limited and 5 more, all in the same principal business activity (other financial activities).
Sivasankar Pandiarajan ceased to be Additional Director on 29 Sep 2023. Parameswari Gunaseelan ceased to be Director on 23 Sep 2023. Sivasankar Pandiarajan was appointed as Managing Director on 23 Sep 2023. BMG Chits has 4 board changes on record in total.
The registered office of BMG Chits is at 54 Vaithiyanathapuram Thathaneri, Madurai, Tamil Nadu, India – 626001.
BMG Chits operates in the financial services industry, in the other financial intermediation segment.
BMG Chits can be reached at its registered office: 54 Vaithiyanathapuram Thathaneri, Madurai, Tamil Nadu, India – 626001.
BMG Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Chennai.
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