Narsipatnam Chit Fund Private Limited
About Narsipatnam Chit Fund Private Limited
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Narsipatnam Chit Fund Private Limited is a private limited company based in Narasipatnam, Andhra Pradesh, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 20 August 2007.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP2007PTC055176.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Kanakapuri Chits Private Limited. It is led by directors including Bhaskara Rao Vydeti (Managing Director) and Vydeti Aruna Kumari.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at D.No.15 – 1/40 First Floor J.C. Complex Anakapalle Road, Narasipatnam, Andhra Pradesh, India – 531116.
As per the financials filed for FY 2015, the company reported a revenue of ₹16.81 Lakh, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹66,660 (net margin 4%) and EBITDA of ₹1.1 Lakh (EBITDA margin 6.6%).
Court records list 5 cases involving the company, including 5 filed against it.
Company details
Contact details
Narsipatnam Chit Fund Private Limited's registered office is in Narasipatnam, Andhra Pradesh.
- Registered AddressD.No.15 – 1/40 First Floor J.C. Complex Anakapalle Road, Narasipatnam, Andhra Pradesh, India – 531116
- IndustryFinancial Services, Financial Activities
- 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 Narsipatnam Chit Fund 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 Narsipatnam Chit Fund Private Limited, buy the company report.
Financials of Narsipatnam Chit Fund Private Limited
FY 2015 filings availableNarsipatnam Chit Fund Private Limited reported revenue of ₹16.81 Lakh (down 8% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year. EBITDA fell 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | 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 | ₹1.1 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹66,660 |
| 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 6.6% |
| Net Profit Margin | 4% |
| 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 Narsipatnam Chit Fund Private Limited, buy the company report.
Board of directors of Narsipatnam Chit Fund Private Limited
Narsipatnam Chit Fund has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhaskara Rao Vydeti | Managing Director | 20 Aug 2007 | 19 Years 2 Months | Current |
| Gandi Mohan | Additional Director | 02 Jul 2016 | 10 Years 4 Months | Current |
| Vydeti Aruna Kumari | Director | 09 Feb 2008 | 18 Years 8 Months | Current |
Peer comparison
Narsipatnam Chit Fund Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Babadham Vanijya Private Limited | ₹16.84 Lakh (FY 2017) | 1.0% | Kolkata, West Bengal, India | |||
| Gujarat Mulco Electronics Limited | ₹16.84 Lakh (FY 2025) | 15.0% | Umargam West, Gujarat, India | |||
| Sulabh Resources Pvt Ltd | ₹16.82 Lakh (FY 2024) | 163.0% | Howrah, West Bengal, India | |||
| Mirajgaon Urban Nidhi Limited | ₹16.82 Lakh (FY 2022) | 45.0% | Tal. Karjat, Maharashtra, India | |||
| Narsipatnam Chit Fund Private Limitedthis company | ₹16.81 Lakh (FY 2015) | ₹66,660 | 4% | -8.0% | Narasipatnam, Andhra Pradesh, India | |
| Vanmoh Chit Funds Private Limited | ₹16.81 Lakh (FY 2025) | 357.0% | Karamadai, Tamil Nadu, India | |||
| Avpm Securities Private Limited | ₹16.81 Lakh (FY 2025) | 7.0% | Delhi, India | |||
| Jawanjal Mutual Benefit Nidhi Limited | ₹16.81 Lakh (FY 2025) | 354.0% | Jaistambh, Maharashtra, India | |||
| Radiant Investment and Trading Company Private Limited | ₹16.8 Lakh (FY 2025) | 160.0% | Mumbai, Maharashtra, India | |||
| Amrutha Drushti Chit Funds Private Limited | ₹16.8 Lakh (FY 2025) | 22.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Narsipatnam Chit Fund Private Limited, buy the company report.
Legal cases
Narsipatnam Chit Fund Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Narsipatnam Chit Fund 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 Narsipatnam Chit Fund 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 Narsipatnam Chit Fund Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Narsipatnam Chit Fund Private Limited has 7 board changes on record since 2007: 3 appointments and 4 cessations. The latest: Gandi Mohan was appointed as Additional Director on 02 Jul 2016.
Frequently asked questions
Narsipatnam Chit Fund is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Narsipatnam Chit Fund is a company pending strike off, currently registered as a private limited company based in Narasipatnam, Andhra Pradesh, India. The company works in financial activities, within the financial services industry. It was incorporated on 20 August 2007 and is registered under CIN U65992AP2007PTC055176. The company may be struck off soon - caution is advised.
Narsipatnam Chit Fund has 3 current directors:
- Bhaskara Rao Vydeti - Managing Director
- Gandi Mohan - Additional Director
- Vydeti Aruna Kumari - Director
The CIN (Corporate Identification Number) of Narsipatnam Chit Fund is U65992AP2007PTC055176. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narsipatnam Chit Fund was incorporated on 20 August 2007. It is registered with the Registrar of Companies, Vijayawada.
The registered office of Narsipatnam Chit Fund is at D.No.15 – 140 First Floor J.C. Complex Anakapalle Road, Narasipatnam, Andhra Pradesh, India – 531116.
The latest financial statements of Narsipatnam Chit Fund on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
Narsipatnam Chit Fund operates in the financial services industry, in the financial activities segment.
The peers of Narsipatnam Chit Fund by revenue are Babadham Vanijya Private Limited, Gujarat Mulco Electronics Limited, Sulabh Resources Pvt Ltd, Mirajgaon Urban Nidhi Limited, Vanmoh Chit Funds Private Limited and 4 more, all in the same principal business activity (other financial activities).
Narsipatnam Chit Fund has 5 court cases on record: 5 filed against it.
Gandi Mohan was appointed as Additional Director on 02 Jul 2016. Kandregula Ravindranath ceased to be Additional Director on 20 Jan 2012. Vydeti Aruna Kumari ceased to be Additional Director on 29 Oct 2008. Narsipatnam Chit Fund has 7 board changes on record in total.
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