Maithri Chits and Finance Pvt Ltd
About Maithri Chits and Finance Pvt Ltd
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Maithri Chits and Finance Pvt Ltd is a private limited company based in Thrissur, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 28 October 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL1981PTC003436. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹49.68 Lakh. It is led by directors including Chacko Thayyalakkal Vareed (Managing Director) and James Kunduparambil Ouseph.
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 V/133 Alagappa Nagarmaithri Buildings, Thrissur, Kerala, India – 680302.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.34 Lakh, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹1.65 Lakh (net margin -49.3%) and EBITDA of -₹1.6 Lakh (EBITDA margin -47.8%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 7% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
Court records list 12 cases involving the company, including 11 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Maithri Chits and Finance Pvt Ltd's registered office is in Thrissur, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressV/133 Alagappa Nagarmaithri Buildings, Thrissur, Kerala, India – 680302
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Maithri Chits and Finance Pvt Ltd, 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 Maithri Chits and Finance 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 Maithri Chits and Finance Pvt Ltd, buy the company report.
Financials of Maithri Chits and Finance Pvt Ltd
FY 2025 filings availableMaithri Chits and Finance Pvt Ltd reported revenue of ₹3.34 Lakh (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 8% fall in the latest year. EBITDA fell 12% 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 |
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| Total Expenses | |||||
| EBITDA | -₹1.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.65 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -47.8% | ||||
| Net Profit Margin | -49.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Maithri Chits and Finance Pvt Ltd, buy the company report.
Board of directors of Maithri Chits and Finance Pvt Ltd
Maithri Chits and Finance has 5 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| James Kunduparambil Ouseph | Director | 24 Sep 2021 | 5 Years 1 Months | Current |
| Edakkulathur Raphael Porinchu | Director | 17 Sep 2018 | 8 Years 1 Months | Current |
| Varghese Manjaly Chakku | Director | 22 Sep 2017 | 9 Years 1 Months | Current |
| Saburaj Chullikkattil Vijayan | Director | 22 Sep 2017 | 9 Years 1 Months | Current |
| Chacko Thayyalakkal Vareed Also directs: Ourmaithri Chits (Alagappanagar) Private Limited | Managing Director | 29 Sep 2011 | 15 Years 1 Months | Current |
Peer comparison
Maithri Chits and Finance Pvt Ltd is compared with the 6 companies closest to it by revenue in the BFSI industry (Finance, 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 |
|---|---|---|---|---|---|---|
| Lokhamatha Kuries Private Limited | ₹3.35 Lakh (FY 2019) | -5.0% | Thrissur, Kerala, India | |||
| Amass Infinity Private Limited | ₹3.34 Lakh (FY 2025) | Chennai, Tamil Nadu, India | ||||
| Akshaya Sri Chakra Nidhi Limited | ₹3.34 Lakh (FY 2023) | 742.0% | Sivakasi, Tamil Nadu, India | |||
| Maithri Chits and Finance Pvt Ltdthis company | ₹3.34 Lakh (FY 2025) | -₹1.65 Lakh | -49.3% | -8.0% | 3 | Thrissur, Kerala, India |
| GBMS Nidhi Limited | ₹3.33 Lakh (FY 2025) | 23.0% | Sikar, Rajasthan, India | |||
| Shubakara Chits Private Limited | ₹3.33 Lakh (FY 2023) | 3.0% | Chintalkunta, Telangana, India | |||
| P Narayan Leasing and Finance Company Private Limited | ₹3.32 Lakh (FY 2024) | 8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Maithri Chits and Finance Pvt Ltd, buy the company report.
Auditor
Maithri Chits and Finance Pvt Ltd is audited by V VENUGOPALAN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V VENUGOPALAN & ASSOCIATES | FY 2023 | 010739S |
Shareholding
The shareholding of Maithri Chits and Finance Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Maithri Chits and Finance Pvt Ltd, buy the company report.
Legal cases
Maithri Chits and Finance Pvt Ltd has 12 court cases on record: 11 filed by Maithri Chits and Finance, 1 filed against it. 1 case is pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 0 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (OP(C)) | Filed against the company by an individual | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Maithri Chits and Finance Pvt Ltd, 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 Maithri Chits and Finance Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Maithri Chits and Finance Pvt Ltd has a workforce of 3 employees on its EPFO records as of Nov 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 3 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Maithri Chits and Finance Pvt Ltd, buy the company report.
GST
Maithri Chits and Finance has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Maithri Chits and Finance Pvt Ltd, buy the company report.
Recent activity
Maithri Chits and Finance Pvt Ltd has 29 board changes on record since 2007: 5 appointments and 24 cessations. The latest: James Kunduparambil Ouseph ceased to be Additional Director on 28 Sep 2022.
20 earlier events are in the company report.
Frequently asked questions
Maithri Chits and Finance is an active private limited company based in Thrissur, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 28 October 1981 (45+ years old) and is registered under CIN U65992KL1981PTC003436.
Maithri Chits and Finance has 5 current directors:
- Chacko Thayyalakkal Vareed - Managing Director
- James Kunduparambil Ouseph - Director
- Edakkulathur Raphael Porinchu - Director
- Varghese Manjaly Chakku - Director
- Saburaj Chullikkattil Vijayan - Director
The latest financial statements of Maithri Chits and Finance 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.
No. Maithri Chits and Finance has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Maithri Chits and Finance is U65992KL1981PTC003436. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maithri Chits and Finance has 12 court cases on record: 11 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Maithri Chits and Finance was incorporated on 28 October 1981, making it 45+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Maithri Chits and Finance by revenue are Lokhamatha Kuries Private Limited, Amass Infinity Private Limited, Akshaya Sri Chakra Nidhi Limited, GBMS Nidhi Limited, Shubakara Chits Private Limited and 1 more, all in the BFSI industry (Finance, Micro Finance), with the same principal business activity (other financial activities).
James Kunduparambil Ouseph ceased to be Additional Director on 28 Sep 2022. James Kunduparambil Ouseph was appointed as Director on 24 Sep 2021. Thomas Maruttikkal Devassy ceased to be Director on 24 Sep 2021. Maithri Chits and Finance has 29 board changes on record in total.
The registered office of Maithri Chits and Finance is at V133 Alagappa Nagarmaithri Buildings, Thrissur, Kerala, India – 680302.
Maithri Chits and Finance operates in the financial services industry, in the microfinance institutions segment.
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