Gravity Chits Private Limited
About Gravity Chits Private Limited
Data last updated:
Gravity Chits Private Limited is a private limited company based in Koovappady Grama Panchayath, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 17 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2013PTC035679. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Jisha Rocky and Savithakumari.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Door No. Xiii/94 First Floor, Koovappady Grama Panchayath, Kerala, India – 683544.
As per the financials filed for FY 2020, the company reported a revenue of ₹49,613, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹2.87 Lakh and EBITDA of -₹2.73 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 48% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Gravity Chits Private Limited's registered office is in Koovappady Grama Panchayath, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No. Xiii/94 First Floor, Koovappady Grama Panchayath, Kerala, India – 683544
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Gravity 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 Gravity 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 Gravity Chits Private Limited, buy the company report.
Financials of Gravity Chits Private Limited
FY 2021 filings availableGravity Chits Private Limited reported revenue of ₹49,613 (down 89% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years, including a 89% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | -₹2.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.87 Lakh | ||||
| 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Gravity Chits Private Limited, buy the company report.
Board of directors of Gravity Chits Private Limited
Gravity Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jisha Rocky | Director | 31 May 2023 | 3 Years 4 Months | Current |
| Savithakumari | Director | 31 May 2023 | 3 Years 4 Months | Current |
Peer comparison
Gravity Chits Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| Gravity Chits Private Limitedthis company | ₹49,613 (FY 2020) | -₹2.87 Lakh | -89.0% | Koovappady Grama Panchayath, Kerala, India | ||
| Shrisidhi Vinayak Micro Finance Foundation | ₹49,600 (FY 2024) | 21.0% | Varanasi, Uttar Pradesh, India | |||
| Kisaan Micro Finance Foundation | ₹48,000 (FY 2018) | 48.0% | Palamu, Jharkhand, India | |||
| Rajabogam Chit Funds Private Limited | ₹47,900 (FY 2021) | Thanjavur, Tamil Nadu, India |
To see the full peer comparison of Gravity Chits Private Limited, buy the company report.
Auditor
Gravity Chits Private Limited is audited by KURIACHAN & NOVA for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KURIACHAN & NOVA | FY 2018 | 006064S |
Shareholding
The shareholding of Gravity Chits Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Gravity Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Gravity 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 Gravity Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gravity Chits 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 Gravity Chits Private Limited, buy the company report.
Recent activity
Gravity Chits Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Anju Paul ceased to be Director on 02 Jun 2023.
Frequently asked questions
Gravity Chits is an active private limited company based in Koovappady Grama Panchayath, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 17 December 2013 (13+ years old) and is registered under CIN U65992KL2013PTC035679.
Gravity Chits has 2 current directors:
- Jisha Rocky - Director
- Savithakumari - Director
The latest financial statements of Gravity Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
No. Gravity Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Gravity Chits is U65992KL2013PTC035679. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gravity Chits was incorporated on 17 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Gravity Chits by revenue are Shrisidhi Vinayak Micro Finance Foundation, Kisaan Micro Finance Foundation, Rajabogam Chit Funds Private Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Anju Paul ceased to be Director on 02 Jun 2023. Suraj ceased to be Director on 02 Jun 2023. Jisha Rocky was appointed as Director on 31 May 2023. Gravity Chits has 5 board changes on record in total.
The registered office of Gravity Chits is at Door No. Xiii94 First Floor, Koovappady Grama Panchayath, Kerala, India – 683544.
Gravity Chits operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Gravity Chits is compliant as of 13 September 2026. The company is actively filing with the Registrar of Companies.