Findev Chits Private Limited
About Findev Chits Private Limited
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Findev Chits Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 24 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2015PTC038708.
The company has an authorised share capital of ₹2.5 Lakh and a paid-up capital of ₹2.5 Lakh. It is led by directors Saji Mandakkara Subramanian (Managing Director) and Nikathuthara Karunappan Chandran.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Door No:15/114 ( Old: 2/432) Bhagavathi Devaswam Nayarambalam P.O, Ernakulam, Kerala, India – 682509.
As per the financials filed for FY 2021, the company reported a revenue of ₹99,637, a growth of 66% compared to the previous year. For the same year it recorded a net loss of ₹1,356 (net margin -1.4%) and EBITDA of ₹89,637 (EBITDA margin 90%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressDoor No:15/114 ( Old: 2/432) Bhagavathi Devaswam Nayarambalam P.O, Ernakulam, Kerala, India – 682509
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
- 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
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Business Activity of Findev Chits Private Limited
The main business activity of Findev Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Findev Chits Private Limited FY 2021 filings available
Findev Chits Private Limited reported revenue of ₹99,637 (up 66% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Findev Chits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over three years, including 66% growth 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 of Findev Chits Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹89,637 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1,356 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Findev Chits Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 90% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Findev Chits are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Findev Chits Private Limited
Findev Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vatom India Services Private Limited | ₹99,758 (FY 2024) | •••• | •••• | •••• | Behror, Rajasthan, India | |
| Opulentia Trade Link Private Limited | ₹99,742 (FY 2025) | •••• | •••• | 207.0% | •••• | Kolkata, West Bengal, India |
| Franco-Indian Holdings Private Limited | ₹99,664 (FY 2024) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Nedupuzha Kuries Private Limited | ₹99,657 (FY 2025) | •••• | •••• | 292.0% | •••• | Thrissur, Kerala, India |
| Veepees Chits Private Limited | ₹99,650 (FY 2025) | •••• | •••• | •••• | Chavakkad, Kerala, India | |
| Findev Chits Private Limited this company | ₹99,637 (FY 2021) | •••• | •••• | 66.0% | •••• | Ernakulam, Kerala, India |
| S V Kumar Chits Private Limited | ₹99,609 (FY 2020) | •••• | •••• | -65.0% | •••• | Bangalore, Karnataka, India |
| Lifeline Vinimay Private Limited | ₹99,574 (FY 2017) | •••• | •••• | 55.0% | •••• | Kolkata, West Bengal, India |
| Tomg Nidhi Limited | ₹99,513 (FY 2021) | •••• | •••• | •••• | Nedumangad, Kerala, India | |
| Racharaya Chit Funds Private Limited | ₹99,500 (FY 2018) | •••• | •••• | •••• | Tandur, Telangana, India | |
| Muppathadam Chit Funds Private Limited | ₹99,494 (FY 2025) | •••• | •••• | -51.0% | •••• | Aluva, Kerala, India |
Peers are the five companies nearest above and the five nearest below Findev Chits by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Findev Chits Private Limited
Findev Chits Private Limited is audited by DEVASSY T MMATHEWDEVASSY for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DEVASSY T MMATHEWDEVASSY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Findev Chits Private Limited
Findev 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 |
|---|---|---|---|---|
| Nikathuthara Karunappan Chandran | Director | 24 Jun 2015 | 11 Years 3 Months | Current |
| Saji Mandakkara Subramanian | Managing Director | 24 Jun 2015 | 11 Years 3 Months | Current |
Ownership and Shareholding of Findev Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Findev Chits Private Limited
Findev Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Findev Chits Private Limited
Employment history and EPFO contributions of people linked to Findev Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Findev Chits Private Limited
Findev Chits Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Karuthattithara Pengan Kishore ceased to be Director on 21 Oct 2019.
Credit Ratings, Litigation & Regulatory Alerts for Findev Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Findev Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Findev Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Findev Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Findev Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Findev Chits Private Limited
Findev Chits is an active private limited company based in Ernakulam, Kerala, India. The company works in chit fund, within the financial services industry. It was incorporated on 24 June 2015 (11+ years old) and is registered under CIN U65992KL2015PTC038708.
Findev Chits reported revenue of ₹99,637 for FY 2021 (up 66% YoY).
Findev Chits has 2 current directors:
- Saji Mandakkara Subramanian - Managing Director
- Nikathuthara Karunappan Chandran - Director
Findev Chits reported a net loss of ₹1,356 (net margin -1.4%) and EBITDA of ₹89,637 (EBITDA margin 90%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Findev Chits is 18% over three years. In the latest year (FY 2021) revenue rose 66%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Findev Chits is U65992KL2015PTC038708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Findev Chits was incorporated on 24 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Findev Chits by revenue are Vatom India Services Private Limited, Opulentia Trade Link Private Limited, Franco-Indian Holdings Private Limited, Nedupuzha Kuries Private Limited, Veepees Chits Private Limited and 5 more, all in the same principal business activity (Other financial activities).
Karuthattithara Pengan Kishore ceased to be Director on 21 Oct 2019. Radhakrishnan Moonamkattu Vasu ceased to be Director on 21 Oct 2019. Nikathuthara Karunappan Chandran was appointed as Director on 24 Jun 2015. Findev Chits has 4 board changes on record in total.
The registered office of Findev Chits is at Door No:15114 Old: 2432 Bhagavathi Devaswam Nayarambalam P.O, Ernakulam, Kerala, India – 682509.
Findev Chits has an authorised share capital of ₹2.5 Lakh and a paid-up capital of ₹2.5 Lakh.