Mugil Chits Private Limited
About Mugil Chits Private Limited
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Mugil Chits Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 28 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U67190TZ2017PTC029394. Its GSTIN is 33AALCM2917L1Z9 (Tamil Nadu).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹14.68 Lakh. It is led by directors Karukkampalayam Ramesh Subramani and Sengottain Poorniah Narayanan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Erode, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹96.27 Lakh, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹16.32 Lakh (net margin 16.9%) and EBITDA of ₹22.34 Lakh (EBITDA margin 23.2%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 62% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mugil Chits Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address35 Muthu Complex First Floor, Nggo Colony, Erode, Tamil Nadu, India – 638009
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Mugil 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 Mugil 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 Mugil Chits Private Limited, buy the company report.
Financials of Mugil Chits Private Limited
FY 2025 filings availableMugil Chits Private Limited reported revenue of ₹96.27 Lakh (up 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 62% over five years, including 12% growth in the latest year. EBITDA rose 24% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹22.34 Lakh | ||||
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| Net Profit (PAT) | ₹16.32 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 23.2% | ||||
| Net Profit Margin | 16.9% | ||||
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To see the full financial statements and ratios of Mugil Chits Private Limited, buy the company report.
Board of directors of Mugil Chits Private Limited
Mugil Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karukkampalayam Ramesh Subramani | Director | 28 Aug 2017 | 9 Years 2 Months | Current |
| Sengottain Poorniah Narayanan | Director | 28 Aug 2017 | 9 Years 2 Months | Current |
Peer comparison
Mugil Chits Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| Vaasavi Nidhi Limited | ₹97.5 Lakh (FY 2025) | 1.0% | Hosur, Tamil Nadu, India | |||
| Manyasree Chits (India) Private Limited | ₹96.87 Lakh (FY 2025) | 14.0% | Mancherial, Telangana, India | |||
| Sri Lakshmiyadadri Chit Fund Private Limited | ₹96.78 Lakh (FY 2025) | 8.0% | Secunderabad, Telangana, India | |||
| Mugil Chits Private Limitedthis company | ₹96.27 Lakh (FY 2024) | ₹16.32 Lakh | 16.9% | 12.0% | Erode, Tamil Nadu, India | |
| Chakur Urban Nidhi Limited | ₹96.25 Lakh (FY 2023) | 50.0% | Latur, Chakur, Maharashtra, India | |||
| Godavari Chit Fund Private Limited | ₹95.46 Lakh (FY 2021) | -4.0% | Aurangabad, Maharashtra, India | |||
| Vetri Chit Funds Private Limited | ₹94.92 Lakh (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| CKM Chits India Private Limited | ₹94.29 Lakh (FY 2024) | 1801.0% | Dharmapuri, Tamil Nadu, India |
To see the full peer comparison of Mugil Chits Private Limited, buy the company report.
Shareholding
The shareholding of Mugil Chits Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Mugil Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mugil Chits 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 Mugil Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mugil Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCM2917L1Z9 | Tamil Nadu | Active | 05 Oct 2020 |
To see the full GST registrations and return filing status of Mugil Chits Private Limited, buy the company report.
Recent activity
Mugil Chits Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Shivakkumar Palanisamy ceased to be Director on 19 Dec 2022.
Frequently asked questions
Mugil Chits is an active private limited company based in Erode, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 28 August 2017 (9+ years old) and is registered under CIN U67190TZ2017PTC029394.
Mugil Chits has 2 current directors:
- Karukkampalayam Ramesh Subramani - Director
- Sengottain Poorniah Narayanan - Director
The latest financial statements of Mugil Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Mugil Chits is 33AALCM2917L1Z9, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mugil Chits is U67190TZ2017PTC029394. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mugil Chits was incorporated on 28 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Mugil Chits by revenue are Vaasavi Nidhi Limited, Manyasree Chits (India) Private Limited, Sri Lakshmiyadadri Chit Fund Private Limited, Chakur Urban Nidhi Limited, Godavari Chit Fund Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Shivakkumar Palanisamy ceased to be Director on 19 Dec 2022. Karukkampalayam Ramesh Subramani was appointed as Director on 28 Aug 2017. Sengottain Poorniah Narayanan was appointed as Director on 28 Aug 2017.
The registered office of Mugil Chits is at 35 Muthu Complex First Floor, Nggo Colony, Erode, Tamil Nadu, India – 638009.
Mugil Chits operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Mugil Chits is compliant as of 08 August 2026. The company is actively filing with the Registrar of Companies.