Devesh Chit Funds (Lko) Private Limited
About Devesh Chit Funds (Lko) Private Limited
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Devesh Chit Funds (Lko) Private Limited was a private limited company based in Lucknow, Uttar Pradesh, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 07 January 1998.
The company was registered with the Registrar of Companies (ROC), Kanpur, under CIN U65992UP1998PTC023042.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.72 Lakh. It was led by directors Suresh Kumar Tejwani and Chandan Tejwani.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Ajanta Arcada 81/19 Latouch Road, Lucknow, Uttar Pradesh, India – 226018.
As per the financials filed for FY 2018, the company reported a revenue of ₹44.38 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹35.53 Lakh (net margin 80.1%) and EBITDA of ₹42.67 Lakh (EBITDA margin 96.2%). Revenue has grown at a compounded annual rate (CAGR) of 217% over three years.
Company details
Contact details
Devesh Chit Funds (Lko) Private Limited's registered office is in Lucknow, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAjanta Arcada 81/19 Latouch Road, Lucknow, Uttar Pradesh, India – 226018
- IndustryFinancial Services, Financial Activities
To see the full contact details of Devesh Chit Funds (Lko) 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 Devesh Chit Funds (Lko) is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Devesh Chit Funds (Lko) Private Limited, buy the company report.
Financials of Devesh Chit Funds (Lko) Private Limited
FY 2018 filings availableDevesh Chit Funds (Lko) Private Limited reported revenue of ₹44.38 Lakh (up 36928% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 217% over three years. 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹42.67 Lakh | |||
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| Net Profit (PAT) | ₹35.53 Lakh | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | ||||
| EBITDA Margin | 96.2% | |||
| Net Profit Margin | 80.1% | |||
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To see the full financial statements and ratios of Devesh Chit Funds (Lko) Private Limited, buy the company report.
Board of directors of Devesh Chit Funds (Lko) Private Limited
Devesh Chit Funds (Lko) 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 |
|---|---|---|---|---|
| Suresh Kumar Tejwani | Director | 07 Jan 1998 | 28 Years 10 Months | As last reported |
| Chandan Tejwani Also directs: Vastum India Limited | Director | 14 Nov 2015 | 10 Years 11 Months | As last reported |
Auditor
Devesh Chit Funds (Lko) Private Limited is audited by Mradul Agarwal & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mradul Agarwal & Associates | FY 2017 | 004293C |
Shareholding
The shareholding of Devesh Chit Funds (Lko) 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 Devesh Chit Funds (Lko) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Devesh Chit Funds (Lko) 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 Devesh Chit Funds (Lko) 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 Devesh Chit Funds (Lko) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Devesh Chit Funds (Lko) Private Limited has 4 board changes on record since 1998: 2 appointments and 2 cessations. The latest: Chandan Tejwani was appointed as Director on 14 Nov 2015.
Frequently asked questions
Devesh Chit Funds (Lko) has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Devesh Chit Funds (Lko) was a private limited company based in Lucknow, Uttar Pradesh, India. The company worked in financial activities, within the financial services industry. It was incorporated on 07 January 1998 and is registered under CIN U65992UP1998PTC023042. The company has been struck off by the Registrar of Companies and is no longer operational.
Devesh Chit Funds (Lko) had 2 directors:
- Suresh Kumar Tejwani - Director
- Chandan Tejwani - Director
The CIN (Corporate Identification Number) of Devesh Chit Funds (Lko) is U65992UP1998PTC023042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Devesh Chit Funds (Lko) is at Ajanta Arcada 8119 Latouch Road, Lucknow, Uttar Pradesh, India – 226018.
Devesh Chit Funds (Lko) was incorporated on 07 January 1998. It is registered with the Registrar of Companies, Kanpur.
The latest financial statements of Devesh Chit Funds (Lko) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
Devesh Chit Funds (Lko) operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
Chandan Tejwani was appointed as Director on 14 Nov 2015. Manik Lal Tejwani ceased to be Director on 14 Nov 2015. Romi Singh ceased to be Director on 15 Oct 2007. Devesh Chit Funds (Lko) has 4 board changes on record in total.
Devesh Chit Funds (Lko) can be reached at its registered office: Ajanta Arcada 8119 Latouch Road, Lucknow, Uttar Pradesh, India – 226018.
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