Kanchi Chits Private Limited

Kanchi Chits Private Limited - financial services in Chennai, Tamil Nadu, India. Directors, charges & compliance details.
CIN U65992TN2007PTC063942 Incorporated 13 June 2007 ROC Chennai HQ Chennai, Tamil Nadu, India
Struck Off Private Limited Company financial services
Data last updated
Revenue · FY 2021
₹71,800
▼ 95% YoY
Net loss · FY 2021
₹19.44 Lakh
Latest filing
EBITDA · FY 2021
-₹19.18 Lakh
Latest filing
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Company age
19 yrs
Est. 2007
Directors on board
2
As per MCA filings
Last financials
Mar 2021
Balance sheet date

About Kanchi Chits Private Limited

Data last updated:

Kanchi Chits Private Limited was a private limited company based in Chennai, Tamil Nadu, 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 diversified financial services segment of the financial services sector. It was incorporated on 13 June 2007.

The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2007PTC063942.

The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It was led by directors Gunasekaran Sathasivan and Chandran Kubendran.

Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Old No. 17 New No. 4 Gangai Nagar 3rd Main Road Velacherry, Chennai, Tamil Nadu, India – 600042.

As per the financials filed for FY 2021, the company reported a revenue of ₹71,800, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹19.44 Lakh and EBITDA of -₹19.18 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 62% over five years.

Company details

CIN U65992TN2007PTC063942
Registration Number 063942
Incorporation Date 13 June 2007
ROC Chennai
Listing Status Unlisted
Company Status Struck Off
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Compliance Status Active Compliant

Contact details

Kanchi Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.

  • Email
  • Registered Address
    Old No. 17 New No. 4 Gangai Nagar 3rd Main Road Velacherry, Chennai, Tamil Nadu, India – 600042
  • Industry
    Financial Services, Diversified Financial Services

To see the full contact details of Kanchi Chits Private Limited, buy the company report.

Comprehensive company report
Kanchi Chits Private Limited - one report that includes everything
  • 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

The main business activity of Kanchi Chits is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

Financials of Kanchi Chits Private Limited

FY 2021 filings available

Kanchi Chits Private Limited reported revenue of ₹71,800 (down 95% YoY) for FY 2021.

Revenue · FY 2021
₹71,800 ▼ 95%
Net loss · FY 2021
₹19.44 Lakh
EBITDA · FY 2021
-₹19.18 Lakh

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 95%
3 years · compounded
▼ 78%
5 years · compounded
▼ 62%
EBITDA CAGR growth
1 year
▼ 584%
3 years · compounded
▼ 88%
5 years · compounded
▼ 45%

Revenue has declined at a compounded annual rate (CAGR) of 62% over five years, including a 95% fall in the latest year. EBITDA fell 584% 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

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 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-₹19.18 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹19.44 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

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
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 Kanchi Chits Private Limited, buy the company report.

Board of directors of Kanchi Chits Private Limited

Kanchi Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Gunasekaran SathasivanDirector13 Jun 200719 Years 4 MonthsAs last reported
Chandran KubendranDirector13 Jun 200719 Years 4 MonthsAs last reported

Peer comparison

Kanchi Chits Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Radhamadhav Nidhi Limited₹72,000 (FY 2022)Kota, Rajasthan, India
Echo Fiscal Services Pvt Ltd₹71,985 (FY 2019)0.0%Kolkata, West Bengal, India
Kanchi Chits Private Limitedthis company₹71,800 (FY 2021)-₹19.44 Lakh-95.0%Chennai, Tamil Nadu, India
Udhagai Nidhi Limited₹71,793 (FY 2025)-83.0%Chennai, Tamil Nadu, India

To see the full peer comparison of Kanchi Chits Private Limited, buy the company report.

Auditor

Kanchi Chits Private Limited is audited by P K K G BALASUBRAMANIAM & ASSOCIATES for the financial year 2017.

Auditor firmFinancial yearFirm registration number
P K K G BALASUBRAMANIAM & ASSOCIATESFY 2017001547S

Shareholding

The shareholding of Kanchi Chits 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 categoryFY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Kanchi Chits Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Kanchi Chits 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 Kanchi Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Kanchi Chits Private Limited has 5 board changes on record since 2007: 2 appointments and 3 cessations. The latest: Kandasamy Ramachandran ceased to be Director on 05 Mar 2022.

Ceased
Kandasamy Ramachandran ceased to be Director.
Ceased
Menaka Jothi Ramalingam ceased to be Director.
Ceased
Rangaswamy Kalyanasundaram ceased to be Director.
AGM
Kanchi Chits Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Kanchi Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chennai.
Appointed
Chandran Kubendran was appointed as Director.
Appointed
Gunasekaran Sathasivan was appointed as Director.
Incorporation
13 Jun 2007
Kanchi Chits Private Limited was registered on 13 Jun 2007 with Roc Chennai & aged 19 years 4 months as per MCA records.

Frequently asked questions

Kanchi Chits 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.

Kanchi Chits was a private limited company based in Chennai, Tamil Nadu, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 13 June 2007 and is registered under CIN U65992TN2007PTC063942. The company has been struck off by the Registrar of Companies and is no longer operational.

Kanchi Chits had 2 directors:

The CIN (Corporate Identification Number) of Kanchi Chits is U65992TN2007PTC063942. 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 Kanchi Chits is at Old No. 17 New No. 4 Gangai Nagar 3rd Main Road Velacherry, Chennai, Tamil Nadu, India – 600042.

Kanchi Chits was incorporated on 13 June 2007. It is registered with the Registrar of Companies, Chennai.

The latest financial statements of Kanchi Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.

Kanchi Chits operated in the financial services industry, in the diversified financial services segment. It worked in this industry before it was struck off.

The peers of Kanchi Chits by revenue are Radhamadhav Nidhi Limited, Echo Fiscal Services Pvt Ltd, Udhagai Nidhi Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).

Kandasamy Ramachandran ceased to be Director on 05 Mar 2022. Menaka Jothi Ramalingam ceased to be Director on 05 Mar 2022. Rangaswamy Kalyanasundaram ceased to be Director on 05 Mar 2022. Kanchi Chits has 5 board changes on record in total.

The compliance status of Kanchi Chits is compliant as of 13 July 2026.