Icl Chits Limited
About Icl Chits Limited
Data last updated:
Icl Chits Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Irinjalakuda Credits & Leasing Company Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 25 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2013PLC092287.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Irinjalakuda Chits Limited. It is led by directors including Chakkalamattath Jose Devassy and Pattali Chathu Rajeev.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 61/A9 Ist Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
As per the financials filed for FY 2025, the company reported a revenue of ₹12,997, a growth of 20% compared to the previous year. For the same year it recorded a net loss of ₹27,557 (net margin -212%) and EBITDA of -₹26,916 (EBITDA margin -207.1%). Revenue has grown at a compounded annual rate (CAGR) of 193% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Icl Chits Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address61/A9 Ist Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Icl Chits 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
Financials of Icl Chits Limited
FY 2025 filings availableIcl Chits Limited reported revenue of ₹12,997 (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 193% over five years, including 20% growth in the latest year. EBITDA rose 45% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹26,916 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27,557 | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -207.1% | ||||
| Net Profit Margin | -212% | ||||
| 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 Icl Chits Limited, buy the company report.
Board of directors of Icl Chits Limited
Icl Chits has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chakkalamattath Jose Devassy Also directs: Uvaron Chits Private Limited | Director | 02 Dec 2013 | 12 Years 10 Months | Current |
| Pattali Chathu Rajeev Also directs: Uvaron Chits Private Limited, Gainers Chits Private Limited, Againers Kuries Private Limited and 2 more | Director | 25 Jul 2013 | 13 Years 3 Months | Current |
| Shajitha Suresh Also directs: Icl Nidhi Limited, Surmak Builders Limited | Director | 25 Jul 2013 | 13 Years 3 Months | Current |
| Sabu Kodumbilaiparambil Varghese Also directs: Uvaron Chits Private Limited, Icl Nidhi Limited | Director | 25 Jul 2013 | 13 Years 3 Months | Current |
Auditor
Icl Chits Limited is audited by PAULSON MICHAEL & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PAULSON MICHAEL & CO | FY 2021 | 012448S |
Shareholding
The shareholding of Icl Chits Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Icl Chits Limited, buy the company report.
Legal cases
No court or tribunal cases involving Icl Chits 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 Icl Chits 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 Icl Chits Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Icl Chits Limited has 7 board changes on record since 2013: 4 appointments and 3 cessations. The latest: Kuzhuppilly Govinda Menon Anilkumar ceased to be Director on 21 Mar 2025.
Frequently asked questions
Icl Chits is an active public limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 25 July 2013 (13+ years old) and is registered under CIN U65999TN2013PLC092287.
Icl Chits has 4 current directors:
- Chakkalamattath Jose Devassy - Director
- Pattali Chathu Rajeev - Director
- Shajitha Suresh - Director
- Sabu Kodumbilaiparambil Varghese - Director
The latest financial statements of Icl Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Icl Chits is U65999TN2013PLC092287. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icl Chits was incorporated on 25 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
Kuzhuppilly Govinda Menon Anilkumar ceased to be Director on 21 Mar 2025. Umadevi Anilkumar ceased to be Director on 21 Mar 2025. Sabu Kodumbilaiparambil Varghese ceased to be Managing Director on 29 Oct 2023. Icl Chits has 7 board changes on record in total.
The registered office of Icl Chits is at 61A9 Ist Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
Icl Chits operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Icl Chits is compliant as of 12 September 2026. The company is actively filing with the Registrar of Companies.
Yes. Icl Chits was formerly known as Irinjalakuda Chits Limited.