Palatty Millennium Chits Limited
About Palatty Millennium Chits Limited
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Palatty Millennium Chits Limited is a public limited company based in Ernakulam, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 15 December 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2000PLC014412. Its GSTIN is 32AADCP0721D1Z7 (Kerala).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹92.65 Lakh. It is led by directors including Jose Palatty Hormise (Managing Director) and Joyson Palatty Paul.
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 Door No 1/443 (423G) Edassery Building Railway Junction Road Karukutty, Ernakulam, Kerala, India – 683576.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.39 Lakh, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹1.98 Lakh (net margin 4.6%) and EBITDA of ₹2.83 Lakh (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palatty Millennium Chits Limited's registered office is in Ernakulam, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No 1/443 (423G) Edassery Building Railway Junction Road Karukutty, Ernakulam, Kerala, India – 683576
- IndustryFinancial Services, Financial Activities
To see the full contact details of Palatty Millennium Chits 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 Palatty Millennium 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 Palatty Millennium Chits Limited, buy the company report.
Financials of Palatty Millennium Chits Limited
FY 2025 filings availablePalatty Millennium Chits Limited reported revenue of ₹43.39 Lakh (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 11% growth in the latest year. EBITDA rose 2% 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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| EBITDA | ₹2.83 Lakh | ||||
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| Net Profit (PAT) | ₹1.98 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 4.6% | ||||
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To see the full financial statements and ratios of Palatty Millennium Chits Limited, buy the company report.
Board of directors of Palatty Millennium Chits Limited
Palatty Millennium Chits has 9 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jose Palatty Hormise Also directs: Palatty Nidhi Limited | Managing Director | 01 Jun 2002 | 24 Years 4 Months | Current |
| Joyson Palatty Paul | Director | 18 Oct 2019 | 7 Years 0 Months | Current |
| Mathew Hormis | Director | 29 Sep 2018 | 8 Years 0 Months | Current |
| Palatty Varghese John Also directs: Palatty Nidhi Limited | Director | 15 Dec 2000 | 25 Years 10 Months | Current |
| Jijo Thomas Also directs: Palatty Nidhi Limited | Director | 30 Sep 2013 | 13 Years 0 Months | Current |
| Prakash Palatty Joseph | Director | 29 Sep 2018 | 8 Years 0 Months | Current |
Peer comparison
Palatty Millennium Chits 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 |
|---|---|---|---|---|---|---|
| Eighteen Forex and Allied Services Private Limited | ₹43.52 Lakh (FY 2015) | Delhi, India | ||||
| Red View Traders Private Limited | ₹43.49 Lakh (FY 2025) | -26.0% | Kolkata, West Bengal, India | |||
| Vedant India Micro Finance Foundation | ₹43.49 Lakh (FY 2025) | -18.0% | Mirzapur, Uttar Pradesh, India | |||
| Paramathi Paraspara Benefit Fund Nidhi Limited | ₹43.44 Lakh (FY 2023) | 429.0% | Namakkal, Tamil Nadu, India | |||
| Prakrati Plantations Private Ltd. | ₹43.43 Lakh (FY 2025) | 148.0% | Kolkata, West Bengal, India | |||
| Palatty Millennium Chits Limitedthis company | ₹43.39 Lakh (FY 2025) | ₹1.98 Lakh | 4.6% | 11.0% | Ernakulam, Kerala, India | |
| Blink Finance Private Limited | ₹43.38 Lakh (FY 2024) | 18.0% | New Delhi, Delhi, India | |||
| Kruhad Minsuch Private Limited | ₹43.37 Lakh (FY 2025) | -7.0% | Ahmedabad, Gujarat, India | |||
| Peterhouse Investments India Limited | ₹43.37 Lakh (FY 2021) | -81.0% | Kolkata, West Bengal, India | |||
| Veevan Chits Private Limited | ₹43.37 Lakh (FY 2025) | 45.0% | Tirupur, Tamil Nadu, India | |||
| Abinandan Holdings Pvt Ltd | ₹43.35 Lakh (FY 2024) | 189.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Palatty Millennium Chits Limited, buy the company report.
Auditor
Palatty Millennium Chits Limited is audited by GEORGE & JOSEPH ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GEORGE & JOSEPH ASSOCIATES | FY 2017 | 006630S |
Shareholding
The shareholding of Palatty Millennium Chits Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Palatty Millennium Chits Limited, buy the company report.
Legal cases
No court or tribunal cases involving Palatty Millennium Chits 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 Palatty Millennium Chits Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palatty Millennium Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCP0721D1Z7 | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Palatty Millennium Chits Limited, buy the company report.
Recent activity
Palatty Millennium Chits Limited has 16 board changes on record since 2000: 9 appointments and 7 cessations. The latest: Sherine Sunny ceased to be Director on 05 Feb 2020.
7 earlier events are in the company report.
Frequently asked questions
Palatty Millennium Chits is an active public limited company based in Ernakulam, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 15 December 2000 (26+ years old) and is registered under CIN U65992KL2000PLC014412.
Palatty Millennium Chits has 9 current directors:
- Jose Palatty Hormise - Managing Director
- Joyson Palatty Paul - Director
- Mathew Hormis - Director
- Palatty Varghese John - Director
- Jijo Thomas - Director
- Prakash Palatty Joseph - Director
- Devy Palatty Chacko - Director
- Jose Palatty Paulo - Director
- Martin Chacko - Director
The latest financial statements of Palatty Millennium Chits 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.
The GSTIN of Palatty Millennium Chits is 32AADCP0721D1Z7, registered in Kerala.
The CIN (Corporate Identification Number) of Palatty Millennium Chits is U65992KL2000PLC014412. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palatty Millennium Chits was incorporated on 15 December 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Palatty Millennium Chits by revenue are Eighteen Forex and Allied Services Private Limited, Red View Traders Private Limited, Vedant India Micro Finance Foundation, Paramathi Paraspara Benefit Fund Nidhi Limited, Prakrati Plantations Private Ltd. and 5 more, all in the same principal business activity (other financial activities).
Sherine Sunny ceased to be Director on 05 Feb 2020. Joyson Palatty Paul was appointed as Director on 18 Oct 2019. Mathew Hormis was appointed as Director on 29 Sep 2018. Palatty Millennium Chits has 16 board changes on record in total.
The registered office of Palatty Millennium Chits is at Door No 1443 423G Edassery Building Railway Junction Road Karukutty, Ernakulam, Kerala, India – 683576.
Palatty Millennium Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Palatty Millennium Chits is compliant as of 05 September 2026. The company is actively filing with the Registrar of Companies.