Makarand Chit Funds Private Limited
About Makarand Chit Funds Private Limited
Data last updated:
Makarand Chit Funds Private Limited was a private limited company based in Guntur, Andhra Pradesh, 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 microfinance institutions segment of the financial services sector. It was incorporated on 10 March 2014.
The company was registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP2014PTC093380.
The company had an authorised share capital of ₹4 Lakh and a paid-up capital of ₹4 Lakh. It was led by directors Puvvada Kalyani and Shaik Rafi.
Its last annual general meeting (AGM) was held on 27 July 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 12 – 23 – 33 Puvvada Vari Street Kothapeta, Guntur, Andhra Pradesh, India – 522001.
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- Registered Address12 – 23 – 33 Puvvada Vari Street Kothapeta, Guntur, Andhra Pradesh, India – 522001
- IndustryFinancial Services, Microfinance Institutions, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Financials of Makarand Chit Funds Private Limited FY 2018 filings available
Makarand Chit Funds Private Limited reported revenue of ₹259 (down 100% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Makarand Chit Funds Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 93% over three years. 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 of Makarand Chit Funds Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• |
| 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 of Makarand Chit Funds Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Makarand Chit Funds are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Makarand Chit Funds Private Limited
Makarand Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds, Micro Finance, Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indriya Chits Private Limited | ₹260 (FY 2023) | •••• | •••• | -100.0% | •••• | Ernakulam, Kerala, India |
| Mikhael Nidhi Limited | ₹260 (FY 2023) | •••• | •••• | •••• | Thrissur, Kerala, India | |
| Wunderbar Leute Consultants Private Limited | ₹260 (FY 2021) | •••• | •••• | -100.0% | •••• | Pune, Maharashtra, India |
| Camfit Sanitary Napkins(India) Private Limited | ₹260 (FY 2025) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Hatundia Securities Private Limited | ₹260 (FY 2020) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| Makarand Chit Funds Private Limited this company | ₹259 (FY 2018) | •••• | •••• | -100.0% | •••• | Guntur, Andhra Pradesh, India |
| Reasonable Sales Private Limited | ₹256 (FY 2022) | •••• | •••• | 100.0% | •••• | Kolkata, West Bengal, India |
| Avn Insurance Professionals Private Limited | ₹255 (FY 2025) | •••• | •••• | -100.0% | •••• | Bangalore, Karnataka, India |
| Shree Ashtavinayak Corporate Solutions Private Limited | ₹250 (FY 2024) | •••• | •••• | -100.0% | •••• | New Delhi, Delhi, India |
| Vindhyapriya Holdings Pvt Ltd | ₹240 (FY 2025) | •••• | •••• | 60.0% | •••• | Mumbai, Maharashtra, India |
| Wood Land Manufacturers Ltd. | ₹240 (FY 2024) | •••• | •••• | -100.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Makarand Chit Funds by revenue in the BFSI industry (Chit Funds, Micro Finance, Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Makarand Chit Funds Private Limited
Makarand Chit Funds Private Limited is audited by RAJASEKHAR G & CO for the financial year 2015.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJASEKHAR G & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Makarand Chit Funds Private Limited
Makarand Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puvvada Kalyani | Director | 10 Mar 2014 | 12 Years 7 Months | As last reported |
| Shaik Rafi | Director | 10 Mar 2014 | 12 Years 7 Months | As last reported |
Ownership and Shareholding of Makarand Chit Funds Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Makarand Chit Funds Private Limited
Makarand Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Makarand Chit Funds Private Limited
Employment history and EPFO contributions of people linked to Makarand Chit Funds.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Makarand Chit Funds Private Limited
Makarand Chit Funds Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Puvvada Kalyani was appointed as Director on 10 Mar 2014.
Credit Ratings, Litigation & Regulatory Alerts for Makarand Chit Funds Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Makarand Chit Funds Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Makarand Chit Funds Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Makarand Chit Funds Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Makarand Chit Funds Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Makarand Chit Funds Private Limited
Makarand Chit Funds 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.
Makarand Chit Funds was a private limited company based in Guntur, Andhra Pradesh, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 10 March 2014 and is registered under CIN U65992AP2014PTC093380. The company has been struck off by the Registrar of Companies and is no longer operational.
Makarand Chit Funds had 2 directors:
- Puvvada Kalyani - Director
- Shaik Rafi - Director
The CIN (Corporate Identification Number) of Makarand Chit Funds is U65992AP2014PTC093380. 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 Makarand Chit Funds is at 12 – 23 – 33 Puvvada Vari Street Kothapeta, Guntur, Andhra Pradesh, India – 522001.
Makarand Chit Funds was incorporated on 10 March 2014. It is registered with the Registrar of Companies, Vijayawada.
Makarand Chit Funds has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹4 Lakh.
Makarand Chit Funds operated in the financial services industry, in the microfinance institutions segment. It worked in this industry before it was struck off.
No. Makarand Chit Funds is not listed on any stock exchange. It is an unlisted company.
The peers of Makarand Chit Funds by revenue are Indriya Chits Private Limited, Mikhael Nidhi Limited, Wunderbar Leute Consultants Private Limited, Camfit Sanitary Napkins(India) Private Limited, Hatundia Securities Private Limited and 5 more, all in the BFSI industry (Chit Funds, Micro Finance, Other Financial Services).
Puvvada Kalyani was appointed as Director on 10 Mar 2014. Shaik Rafi was appointed as Director on 10 Mar 2014.