Edasseril Chits Funds Private Limited
About Edasseril Chits Funds Private Limited
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Edasseril Chits Funds Private Limited is a private limited company based in Changanacherry, Kerala, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 24 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U67100KL2019PTC058139. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Monachan Mannatt Narayanan (Managing Director) and Raji Monichan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Building No. 7 Room No. H Illiparambil Buildings Thuruthy P.O., Changanacherry, Kerala, India – 686535.
As per the financials filed for FY 2024, the company reported a revenue of ₹71,497, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹9,636 (net margin -13.5%) and EBITDA of -₹9,623 (EBITDA margin -13.5%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years.
Company details
Contact details
Edasseril Chits Funds Private Limited's registered office is in Changanacherry, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressBuilding No. 7 Room No. H Illiparambil Buildings Thuruthy P.O., Changanacherry, Kerala, India – 686535
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Edasseril Chits Funds 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 Edasseril Chits Funds 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 Edasseril Chits Funds Private Limited, buy the company report.
Financials of Edasseril Chits Funds Private Limited
FY 2025 filings availableEdasseril Chits Funds Private Limited reported revenue of ₹71,497 (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over three years, including a 17% fall in the latest year. EBITDA rose 55% 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 | -₹9,623 | ||||
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| Net Profit (PAT) | -₹9,636 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -13.5% | ||||
| Net Profit Margin | -13.5% | ||||
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To see the full financial statements and ratios of Edasseril Chits Funds Private Limited, buy the company report.
Board of directors of Edasseril Chits Funds Private Limited
Edasseril Chits Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Monachan Mannatt Narayanan | Managing Director | 24 May 2019 | 7 Years 5 Months | Current |
| Raji Monichan | Director | 24 May 2019 | 7 Years 5 Months | Current |
Peer comparison
Edasseril Chits Funds 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 |
|---|---|---|---|---|---|---|
| Joty India Nidhi Limited | ₹71,606 (FY 2021) | Chakulia, West Bengal, India | ||||
| Kochuparambil Innovative Kuries Private Limited | ₹71,597 (FY 2017) | -66.0% | Kottayam, Kerala, India | |||
| Yaaminipria Chit Fund Private Limited | ₹71,509 (FY 2024) | 11.0% | Tamil Nadu, India | |||
| Bimbbest Online Services Private Limited | ₹71,502 (FY 2024) | -94.0% | Chandauli, Uttar Pradesh, India | |||
| Jamuna Vanijya Private Limited | ₹71,500 (FY 2019) | 154.0% | Kolkata, West Bengal, India | |||
| Edasseril Chits Funds Private Limitedthis company | ₹71,497 (FY 2024) | -₹9,636 | -13.5% | -17.0% | Changanacherry, Kerala, India | |
| Viyani Enterprises Private Limited | ₹71,470 (FY 2025) | -68.0% | Kottayam, Kerala, India | |||
| Sarvamangal Financier Private Limited | ₹71,366 (FY 2024) | -94.0% | Chennai, Tamil Nadu, India | |||
| Vidullatha Chits Private Limited | ₹71,248 (FY 2024) | -71.0% | Guledgudda, Karnataka, India | |||
| Manniath Kuries Private Limited | ₹71,243 (FY 2021) | -54.0% | Kannur, Kerala, India | |||
| Rishiram Nidhi Limited | ₹71,154 (FY 2021) | Mararikulam, Kerala, India |
To see the full peer comparison of Edasseril Chits Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Edasseril Chits Funds 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 Edasseril Chits Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Edasseril Chits Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Edasseril Chits Funds Private Limited, buy the company report.
Recent activity
Edasseril Chits Funds Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Monachan Mannatt Narayanan was appointed as Managing Director on 24 May 2019.
Frequently asked questions
Edasseril Chits Funds is an active private limited company based in Changanacherry, Kerala, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 24 May 2019 (7+ years old) and is registered under CIN U67100KL2019PTC058139.
Edasseril Chits Funds has 2 current directors:
- Monachan Mannatt Narayanan - Managing Director
- Raji Monichan - Director
The latest financial statements of Edasseril Chits Funds on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
No. Edasseril Chits Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Edasseril Chits Funds is U67100KL2019PTC058139. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Edasseril Chits Funds was incorporated on 24 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Edasseril Chits Funds by revenue are Joty India Nidhi Limited, Kochuparambil Innovative Kuries Private Limited, Yaaminipria Chit Fund Private Limited, Bimbbest Online Services Private Limited, Jamuna Vanijya Private Limited and 5 more, all in the same principal business activity (other financial activities).
Monachan Mannatt Narayanan was appointed as Managing Director on 24 May 2019. Raji Monichan was appointed as Director on 24 May 2019.
The registered office of Edasseril Chits Funds is at Building No. 7 Room No. H Illiparambil Buildings Thuruthy P.O., Changanacherry, Kerala, India – 686535.
Edasseril Chits Funds operates in the financial services industry, in the auxiliary to financial intermediatory segment.
Edasseril Chits Funds can be reached at its registered office: Building No. 7 Room No. H Illiparambil Buildings Thuruthy P.O, Changanacherry, Kerala, India – 686535.
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