Magudam Chits Private Limited
About Magudam Chits Private Limited
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Magudam Chits Private Limited is a private limited company based in Royapettah, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 13 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2017PTC119480.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kadavaran Ragu (Managing Director) and Ragu Anitha.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No.20/11 Balaji Nagar 4th Street 1st Floor, Royapettah, Tamil Nadu, India – 600014.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.48 Lakh, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹19.22 Lakh (net margin -429.6%) and EBITDA of -₹13.51 Lakh (EBITDA margin -301.9%).
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Magudam Chits Private Limited's registered office is in Royapettah, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo.20/11 Balaji Nagar 4th Street 1st Floor, Royapettah, Tamil Nadu, India – 600014
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Magudam 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 Magudam 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 Magudam Chits Private Limited, buy the company report.
Financials of Magudam Chits Private Limited
FY 2020 filings availableMagudam Chits Private Limited reported revenue of ₹4.48 Lakh (down 71% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 71% in the latest year. EBITDA fell 594% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹4.48 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹13.51 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹19.22 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -301.9% | ||
| Net Profit Margin | -429.6% | ||
| 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 Magudam Chits Private Limited, buy the company report.
Board of directors of Magudam Chits Private Limited
Magudam Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ragu Anitha | Director | 13 Nov 2017 | 8 Years 11 Months | Current |
| Kadavaran Ragu | Managing Director | 13 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Magudam Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Yalamma Chit Fund Private Limited | ₹4.48 Lakh (FY 2025) | -32.0% | Solapur, Maharashtra, India | |||
| Varosha India Nidhi Limited | ₹4.48 Lakh (FY 2023) | Jessoreroad, West Bengal, India | ||||
| Sree Sitthaandal Nidhi Limited | ₹4.48 Lakh (FY 2025) | -79.0% | Madurai, Tamil Nadu, India | |||
| Zcash Finserv Private Limited | ₹4.48 Lakh (FY 2023) | 367.0% | Gangondanahalli, Karnataka, India | |||
| Skytone Marketing Private Limited | ₹4.48 Lakh (FY 2024) | -71.0% | New Delhi, Delhi, India | |||
| Magudam Chits Private Limitedthis company | ₹4.48 Lakh (FY 2020) | -₹19.22 Lakh | -429.6% | -71.0% | Royapettah, Tamil Nadu, India | |
| Circlepe Private Limited | ₹4.47 Lakh (FY 2024) | Ghaziabad, Uttar Pradesh, India | ||||
| Epza Vinimay Pvt Ltd | ₹4.47 Lakh (FY 2025) | -14.0% | Kolkata, West Bengal, India | |||
| Indigeneo Financial Consultants Private Limited | ₹4.47 Lakh (FY 2021) | 32.0% | Ambegaon Bk, Maharashtra, India | |||
| Tirupati Finservices Private Limited | ₹4.46 Lakh (FY 2025) | 12.0% | Sibsagar, Assam, India | |||
| Grex Alternative Investments Market Private Limited | ₹4.46 Lakh (FY 2021) | 589.0% | Pune, Maharashtra, India |
To see the full peer comparison of Magudam Chits Private Limited, buy the company report.
Legal cases
Magudam Chits Private Limited has 1 court case on record: 1 filed by Magudam Chits. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Magudam Chits 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 Magudam 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 Magudam Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Magudam Chits Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Kadavaran Ragu was appointed as Managing Director on 13 Nov 2017.
Frequently asked questions
Magudam Chits is an active private limited company based in Royapettah, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 13 November 2017 (9+ years old) and is registered under CIN U65999TN2017PTC119480.
Magudam Chits has 2 current directors:
- Kadavaran Ragu - Managing Director
- Ragu Anitha - Director
The latest financial statements of Magudam Chits on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Magudam Chits is U65999TN2017PTC119480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magudam Chits has 1 court case on record: 1 filed by the company.
Magudam Chits was incorporated on 13 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Magudam Chits by revenue are Yalamma Chit Fund Private Limited, Varosha India Nidhi Limited, Sree Sitthaandal Nidhi Limited, Zcash Finserv Private Limited, Skytone Marketing Private Limited and 5 more, all in the same principal business activity (other financial activities).
Kadavaran Ragu was appointed as Managing Director on 13 Nov 2017. Ragu Anitha was appointed as Director on 13 Nov 2017.
The registered office of Magudam Chits is at No.2011 Balaji Nagar 4th Street 1st Floor, Royapettah, Tamil Nadu, India – 600014.
Magudam Chits operates in the financial services industry, in the other financial intermediation segment.
The compliance status of Magudam Chits is compliant as of 27 August 2026. The company is actively filing with the Registrar of Companies.