Kandi Chit Funds Private Limited
About Kandi Chit Funds Private Limited
Data last updated:
Kandi Chit Funds Private Limited is a private limited company based in Warangal, Telangana, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 05 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65923TG2014PTC096709. Its GSTIN is 36AAFCK6836Q1ZR (Telangana).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.1 Cr. It is led by directors Srinivas Reddy Kandi (Managing Director) and Kandi Shanthamma.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at H.No. 1 – 7 – 1832/C/1 First Floor South Complex Bala Samudram Hanamkonda, Warangal, Telangana, India – 506001.
As per the financials filed for FY 2022, the company reported a revenue of ₹13.05 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹19.97 Lakh (net margin -153%) and EBITDA of -₹18.09 Lakh (EBITDA margin -138.6%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 38% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Kandi Chit Funds Private Limited's registered office is in Warangal, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH.No. 1 – 7 – 1832/C/1 First Floor South Complex Bala Samudram Hanamkonda, Warangal, Telangana, India – 506001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Kandi Chit 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 Kandi Chit 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 Kandi Chit Funds Private Limited, buy the company report.
Financials of Kandi Chit Funds Private Limited
FY 2022 filings availableKandi Chit Funds Private Limited reported revenue of ₹13.05 Lakh (down 9% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 9% fall in the latest year. EBITDA fell 7% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹18.09 Lakh | ||||
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| Net Profit (PAT) | -₹19.97 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | -138.6% | ||||
| Net Profit Margin | -153% | ||||
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To see the full financial statements and ratios of Kandi Chit Funds Private Limited, buy the company report.
Board of directors of Kandi Chit Funds Private Limited
Kandi Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivas Reddy Kandi | Managing Director | 05 Dec 2014 | 11 Years 10 Months | Current |
| Kandi Shanthamma | Director | 05 Dec 2014 | 11 Years 10 Months | Current |
Peer comparison
Kandi Chit Funds Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Simha Chit Funds Private Limited | ₹13.53 Lakh (FY 2021) | 94.0% | Dwaraka Nagar, Telangana, India | |||
| Kovil Nagaram Chit Funds Private Limited | ₹13.49 Lakh (FY 2023) | 17.0% | Kumbakonam, Tamil Nadu, India | |||
| Ramasetu Chit Funds Private Limited | ₹13.13 Lakh (FY 2021) | -20.0% | Prakasam, Andhra Pradesh, India | |||
| Ramabhakta Chit Funds Private Limited | ₹13.08 Lakh (FY 2025) | 44.0% | Adilabad, Telangana, India | |||
| Manian Chit Funds Private Limited | ₹13.06 Lakh (FY 2025) | 1.0% | Poompuhar, Tamil Nadu, India | |||
| Kandi Chit Funds Private Limitedthis company | ₹13.05 Lakh (FY 2022) | -₹19.97 Lakh | -153% | -9.0% | 3 | Warangal, Telangana, India |
| Shubhanandini Chit Funds Private Limited | ₹13.01 Lakh (FY 2025) | -49.0% | Warangal, Telangana, India | |||
| Saimadhav Chit Funds Private Limited | ₹12.92 Lakh (FY 2018) | Hyderabad, Telangana, India | ||||
| Krisnakamal Chit Funds Private Limited | ₹12.86 Lakh (FY 2025) | 33.0% | Pollachi, Tamil Nadu, India | |||
| T R S Chit Funds Private Limited | ₹12.84 Lakh (FY 2025) | -19.0% | Tamil Nadu, India | |||
| Thirumalai Srinivasa Chit Funds Private Limited | ₹12.84 Lakh (FY 2024) | 17.0% | Tiruchirappalli, Tamil Nadu, India |
To see the full peer comparison of Kandi Chit Funds Private Limited, buy the company report.
Shareholding
The shareholding of Kandi Chit Funds Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Kandi Chit Funds Private Limited, buy the company report.
Legal cases
Kandi Chit Funds Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hanumakonda, Telangana | Civil suit | Filed against the company by an individual | Disposed |
| District court, Hanumakonda, Telangana | Civil suit | Filed against the company by an individual | Disposed |
| District court, Warangal, Telangana | Civil suit | Filed against the company by an individual | Disposed |
| District court, Hanumakonda, Telangana | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Kandi Chit Funds Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kandi Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kandi Chit Funds Private Limited has a workforce of 3 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Kandi Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCK6836Q1ZR | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kandi Chit Funds Private Limited, buy the company report.
Recent activity
Kandi Chit Funds Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Kandi Shanthamma was appointed as Director on 05 Dec 2014.
Frequently asked questions
Kandi Chit Funds is an active private limited company based in Warangal, Telangana, India. The company works in financial activities, within the financial services industry. It was incorporated on 05 December 2014 (12+ years old) and is registered under CIN U65923TG2014PTC096709.
Kandi Chit Funds has 2 current directors:
- Srinivas Reddy Kandi - Managing Director
- Kandi Shanthamma - Director
The latest financial statements of Kandi Chit Funds on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Kandi Chit Funds is 36AAFCK6836Q1ZR, registered in Telangana.
The CIN (Corporate Identification Number) of Kandi Chit Funds is U65923TG2014PTC096709. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kandi Chit Funds has 4 court cases on record: 4 filed against it.
Kandi Chit Funds was incorporated on 05 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Kandi Chit Funds by revenue are Simha Chit Funds Private Limited, Kovil Nagaram Chit Funds Private Limited, Ramasetu Chit Funds Private Limited, Ramabhakta Chit Funds Private Limited, Manian Chit Funds Private Limited and 5 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Kandi Shanthamma was appointed as Director on 05 Dec 2014. Srinivas Reddy Kandi was appointed as Managing Director on 05 Dec 2014.
The registered office of Kandi Chit Funds is at H.No. 1 – 7 – 1832C1 First Floor South Complex Bala Samudram Hanamkonda, Warangal, Telangana, India – 506001.
Kandi Chit Funds operates in the financial services industry, in the financial activities segment.