Madipakkam Chit Funds Private Limited
About Madipakkam Chit Funds Private Limited
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Madipakkam Chit Funds Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 16 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2017PTC116523. Its GSTIN is 33AALCM0643D1ZV (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Duraisamy Ramachandran (Managing Director) and Rishikesh.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.3/192 Medavakkam Main Road Moovarasanpet Madipakkam, Chennai, Tamil Nadu, India – 600091.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.57 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹1.25 Lakh (net margin 10.8%) and EBITDA of ₹3.02 Lakh (EBITDA margin 26.1%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Madipakkam Chit Funds Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.3/192 Medavakkam Main Road Moovarasanpet Madipakkam, Chennai, Tamil Nadu, India – 600091
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Madipakkam 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 Madipakkam 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 Madipakkam Chit Funds Private Limited, buy the company report.
Financials of Madipakkam Chit Funds Private Limited
FY 2023 filings availableMadipakkam Chit Funds Private Limited reported revenue of ₹11.57 Lakh (down 57% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over three years, including a 57% fall in the latest year. EBITDA fell 42% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹3.02 Lakh | ||||
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| Net Profit (PAT) | ₹1.25 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 26.1% | ||||
| Net Profit Margin | 10.8% | ||||
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To see the full financial statements and ratios of Madipakkam Chit Funds Private Limited, buy the company report.
Board of directors of Madipakkam Chit Funds Private Limited
Madipakkam Chit Funds has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Duraisamy Ramachandran | Managing Director | 16 May 2017 | 9 Years 5 Months | Current |
| Rishikesh | Director | 16 May 2017 | 9 Years 5 Months | Current |
| Ramachandran Aatheswaran | Director | 16 May 2017 | 9 Years 5 Months | Current |
Peer comparison
Madipakkam Chit Funds Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Armss Benefit Fund Nidhi Limited | ₹11.61 Lakh (FY 2024) | 119.0% | Pudukkottai, Tamil Nadu, India | |||
| DGL Chits Private Limited | ₹11.58 Lakh (FY 2025) | -24.0% | Coimbatore, Tamil Nadu, India | |||
| Madipakkam Chit Funds Private Limitedthis company | ₹11.57 Lakh (FY 2023) | ₹1.25 Lakh | 10.8% | -57.0% | Chennai, Tamil Nadu, India | |
| Mangalam Vinayak Micro Finance | ₹11.46 Lakh (FY 2024) | 8.0% | Varanasi, Uttar Pradesh, India | |||
| Arian Kuries Private Limited | ₹11.45 Lakh (FY 2024) | 112.0% | Thrissur, Kerala, India | |||
| Kuriyedath Chit Funds Private Limited | ₹11.43 Lakh (FY 2024) | 50.0% | Malayattoor, Kerala, India |
To see the full peer comparison of Madipakkam Chit Funds Private Limited, buy the company report.
Auditor
Madipakkam Chit Funds Private Limited is audited by MANOHAR CHOWDHRY & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOHAR CHOWDHRY & ASSOCIATES | FY 2020 | 001997S |
Shareholding
The shareholding of Madipakkam Chit Funds Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Madipakkam Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Madipakkam Chit Funds 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 Madipakkam Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Madipakkam Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCM0643D1ZV | Tamil Nadu | Active | 12 Apr 2019 |
To see the full GST registrations and return filing status of Madipakkam Chit Funds Private Limited, buy the company report.
Recent activity
Madipakkam Chit Funds Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Duraisamy Ramachandran was appointed as Managing Director on 16 May 2017.
Frequently asked questions
Madipakkam Chit Funds is an active private limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 16 May 2017 (9+ years old) and is registered under CIN U65992TN2017PTC116523.
Madipakkam Chit Funds has 3 current directors:
- Duraisamy Ramachandran - Managing Director
- Rishikesh - Director
- Ramachandran Aatheswaran - Director
The latest financial statements of Madipakkam Chit Funds on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Madipakkam Chit Funds is 33AALCM0643D1ZV, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Madipakkam Chit Funds is U65992TN2017PTC116523. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madipakkam Chit Funds was incorporated on 16 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Madipakkam Chit Funds by revenue are Armss Benefit Fund Nidhi Limited, DGL Chits Private Limited, Mangalam Vinayak Micro Finance, Arian Kuries Private Limited, Kuriyedath Chit Funds Private Limited, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Duraisamy Ramachandran was appointed as Managing Director on 16 May 2017. Ramachandran Aatheswaran was appointed as Director on 16 May 2017. Rishikesh was appointed as Director on 16 May 2017.
The registered office of Madipakkam Chit Funds is at No.3192 Medavakkam Main Road Moovarasanpet Madipakkam, Chennai, Tamil Nadu, India – 600091.
Madipakkam Chit Funds operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Madipakkam Chit Funds is compliant as of 26 September 2026. The company is actively filing with the Registrar of Companies.
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