Brace Chits Private Limited
About Brace Chits Private Limited
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Brace Chits Private Limited is a private limited company based in Thrissur, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 17 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2011PTC029597.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹1.12 Lakh. It is led by directors including Vinodkumar Panamukkath Vasudevan (Managing Director) and Thalorekalarikkal Kumaran Rajeshkumar.
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 Door No.Tc – 12/3319 4th Floor Kalliath Square Palace Road, Thrissur, Kerala, India – 680020.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.07 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹24.16 Lakh and EBITDA of -₹24.09 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 27% over five years.
Court records list 116 cases involving the company, including 115 filed by the company and 1 filed against it; 20 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Brace Chits Private Limited's registered office is in Thrissur, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No.Tc – 12/3319 4th Floor Kalliath Square Palace Road, Thrissur, Kerala, India – 680020
- IndustryFinancial Services, Financial Activities
To see the full contact details of Brace 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 Brace 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 Brace Chits Private Limited, buy the company report.
Financials of Brace Chits Private Limited
FY 2023 filings availableBrace Chits Private Limited reported revenue of ₹3.07 Lakh (down 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 9% fall in the latest year. EBITDA fell 269% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹24.09 Lakh | ||||
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| Net Profit (PAT) | -₹24.16 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Brace Chits Private Limited, buy the company report.
Board of directors of Brace Chits Private Limited
Brace Chits has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thalorekalarikkal Kumaran Rajeshkumar | Director | 17 Oct 2011 | 15 Years 0 Months | Current |
| Ouseph Kuruthukulankara Jaicob | Director | 17 Oct 2011 | 15 Years 0 Months | Current |
| Smitha Anchery Raveendranathan | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Talikulangarakalarikal Subramanianpanicker Arumukkan | Director | 23 Jun 2012 | 14 Years 4 Months | Current |
| Maravanenery Haridas Also directs: Chilanka Chitties Private Limited | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Vinodkumar Panamukkath Vasudevan | Managing Director | 23 Jun 2012 | 14 Years 4 Months | Current |
Peer comparison
Brace 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 |
|---|---|---|---|---|---|---|
| Thirumal Chit Funds (Pattukkotai) Private Limited | ₹3.07 Lakh (FY 2016) | -59.0% | Tamil Nadu, India | |||
| Nagar Kuries Private Limited | ₹3.07 Lakh (FY 2019) | -18.0% | Ahmednagar, Maharashtra, India | |||
| Hitwin Finanace Company Pvt Ltd | ₹3.07 Lakh (FY 2025) | -6.0% | Indore, Madhya Pradesh, India | |||
| Pudukad Chits Private Limited | ₹3.07 Lakh (FY 2023) | -21.0% | Thrissur, Kerala, India | |||
| Excelo Exim Pvt.Ltd. | ₹3.07 Lakh (FY 2018) | -66.0% | Kolkata, West Bengal, India | |||
| Brace Chits Private Limitedthis company | ₹3.07 Lakh (FY 2023) | -₹24.16 Lakh | -9.0% | Thrissur, Kerala, India | ||
| Maa Vandevi Jagdambike India Nidhi Limited | ₹3.07 Lakh (FY 2022) | Mau, Uttar Pradesh, India | ||||
| Mva Finance Private Limited | ₹3.07 Lakh (FY 2025) | -75.0% | New Delhi, Delhi, India | |||
| Prayojan Nidhi India Limited | ₹3.07 Lakh (FY 2016) | Sanjay Place, Uttar Pradesh, India | ||||
| Tomar Instalments Private Limited | ₹3.07 Lakh (FY 2017) | -22.0% | Uttar Pradesh, India | |||
| Devi Finserv Private Limited | ₹3.06 Lakh (FY 2025) | -61.0% | Delhi, India |
To see the full peer comparison of Brace Chits Private Limited, buy the company report.
Auditor
Brace Chits Private Limited is audited by JGS & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JGS & ASSOCIATES | FY 2017 | 013019S |
Shareholding
The shareholding of Brace Chits 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 Brace Chits Private Limited, buy the company report.
Legal cases
Brace Chits Private Limited has 116 court cases on record: 115 filed by Brace Chits, 1 filed against it. 20 cases are pending and 96 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 115 | 1 | 20 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 116)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Court case (AS) | Filed against the company by an individual | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Court case (EA) | Filed by the company against individuals | Pending |
| District court, Thrissur, Kerala | Court case (Restor.Ptn) | Filed by the company against individuals | Pending |
To see the full case history of Brace 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 Brace 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 Brace Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Brace Chits Private Limited has 16 board changes on record since 2011: 6 appointments and 10 cessations. The latest: Minimol Sabu Varghese ceased to be Director on 02 Sep 2017.
7 earlier events are in the company report.
Frequently asked questions
Brace Chits is an active private limited company based in Thrissur, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 17 October 2011 (15+ years old) and is registered under CIN U65992KL2011PTC029597.
Brace Chits has 6 current directors:
- Vinodkumar Panamukkath Vasudevan - Managing Director
- Thalorekalarikkal Kumaran Rajeshkumar - Director
- Ouseph Kuruthukulankara Jaicob - Director
- Smitha Anchery Raveendranathan - Director
- Talikulangarakalarikal Subramanianpanicker Arumukkan - Director
- Maravanenery Haridas - Director
The latest financial statements of Brace 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Brace Chits is U65992KL2011PTC029597. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Brace Chits has 116 court cases on record: 115 filed by the company and 1 filed against it. 20 are pending. Most are in the district courts.
Brace Chits was incorporated on 17 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Brace Chits by revenue are Thirumal Chit Funds (Pattukkotai) Private Limited, Nagar Kuries Private Limited, Hitwin Finanace Company Pvt Ltd, Pudukad Chits Private Limited, Excelo Exim Pvt.Ltd. and 5 more, all in the same principal business activity (other financial activities).
Minimol Sabu Varghese ceased to be Director on 02 Sep 2017. Sivasankaran Kalarikkal Thambukutty ceased to be Director on 26 Jul 2017. Vasant Sathiapalan ceased to be Director on 20 May 2017. Brace Chits has 16 board changes on record in total.
The registered office of Brace Chits is at Door No.Tc – 123319 4th Floor Kalliath Square Palace Road, Thrissur, Kerala, India – 680020.
Brace Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Brace Chits is compliant as of 19 September 2026. The company is actively filing with the Registrar of Companies.