Pragadeesh Chit Funds Private Limited
About Pragadeesh Chit Funds Private Limited
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Pragadeesh Chit Funds Private Limited is a private limited company based in Pennagaram, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 04 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2015PTC021449.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ganesan Dhandapani and Aruna Saravanan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Pennagaram, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹35.37 Lakh, a growth of 90% compared to the previous year. For the same year it recorded a net loss of ₹12,241 (net margin -0.3%) and EBITDA of ₹2.39 Lakh (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 41% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pragadeesh Chit Funds Private Limited's registered office is in Pennagaram, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressS.F.No. 652/B, Paparapatti Main Road, Pennagaram, Tamil Nadu, India – 636803
- IndustryFinancial Services, Financial Activities
To see the full contact details of Pragadeesh Chit Funds 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 Pragadeesh Chit Funds 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 Pragadeesh Chit Funds Private Limited, buy the company report.
Financials of Pragadeesh Chit Funds Private Limited
FY 2024 filings availablePragadeesh Chit Funds Private Limited reported revenue of ₹35.37 Lakh (up 90% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 90% growth in the latest year. EBITDA rose 249% 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 | ₹2.39 Lakh | ||||
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| Net Profit (PAT) | -₹12,241 | ||||
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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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| Profitability | |||||
| EBITDA Margin | 6.8% | ||||
| Net Profit Margin | -0.3% | ||||
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To see the full financial statements and ratios of Pragadeesh Chit Funds Private Limited, buy the company report.
Board of directors of Pragadeesh Chit Funds Private Limited
Pragadeesh Chit Funds has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesan Dhandapani Also directs: Pragadeesh Nidhi Limited | Director | 05 Apr 2023 | 3 Years 6 Months | Current |
| Aruna Saravanan Also directs: Pragadeesh Nidhi Limited | Director | 05 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Pragadeesh Chit Funds Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Sai Sumithra Chit Funds Private Limited | ₹35.62 Lakh (FY 2024) | 5.0% | Narsampet, Telangana, India | |||
| Jeevan Sathi Chit Funds Private Limited | ₹35.58 Lakh (FY 2021) | -55.0% | Kodad, Telangana, India | |||
| Mahameruu Chit Funds Private Limited | ₹35.58 Lakh (FY 2025) | 12.0% | Coimbatore, Tamil Nadu, India | |||
| Rakshita Chit Funds Pvt Ltd | ₹35.52 Lakh (FY 2017) | 5.0% | Telangana, India | |||
| Kamatam Kamadhenu Chit Funds Private Limited | ₹35.39 Lakh (FY 2024) | 31.0% | Mahabubabad, Telangana, India | |||
| Pragadeesh Chit Funds Private Limitedthis company | ₹35.37 Lakh (FY 2024) | -₹12,241 | -0.3% | 90.0% | Pennagaram, Tamil Nadu, India | |
| Alagu Iyappa Chit Funds Private Limited | ₹35.05 Lakh (FY 2024) | 7.0% | Udumalpet, Tamil Nadu, India | |||
| Knife Chit Funds Private Limited | ₹34.82 Lakh (FY 2025) | 62.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Pragadeesh Chit Funds Private Limited, buy the company report.
Auditor
Pragadeesh Chit Funds Private Limited is audited by M BASKAR for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M BASKAR | FY 2017 | 021722 |
Shareholding
The shareholding of Pragadeesh Chit Funds Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pragadeesh Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pragadeesh Chit Funds 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 Pragadeesh Chit Funds 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 Pragadeesh Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pragadeesh Chit Funds Private Limited has 4 board changes on record since 2023: 2 appointments and 2 cessations. The latest: Ariyagounder Sevathan ceased to be Director on 12 May 2023.
Frequently asked questions
Pragadeesh Chit Funds is an active private limited company based in Pennagaram, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 04 June 2015 (11+ years old) and is registered under CIN U65992TZ2015PTC021449.
Pragadeesh Chit Funds has 2 current directors:
- Ganesan Dhandapani - Director
- Aruna Saravanan - Director
The latest financial statements of Pragadeesh Chit Funds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Pragadeesh Chit Funds is U65992TZ2015PTC021449. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragadeesh Chit Funds was incorporated on 04 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Pragadeesh Chit Funds by revenue are Sai Sumithra Chit Funds Private Limited, Jeevan Sathi Chit Funds Private Limited, Mahameruu Chit Funds Private Limited, Rakshita Chit Funds Pvt Ltd, Kamatam Kamadhenu Chit Funds Private Limited and 2 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Ariyagounder Sevathan ceased to be Director on 12 May 2023. Sevathan Kumar ceased to be Director on 12 May 2023. Aruna Saravanan was appointed as Director on 05 Apr 2023. Pragadeesh Chit Funds has 4 board changes on record in total.
The registered office of Pragadeesh Chit Funds is at S.F.No. 652B, Paparapatti Main Road, Pennagaram, Tamil Nadu, India – 636803.
Pragadeesh Chit Funds operates in the financial services industry, in the financial activities segment.
The compliance status of Pragadeesh Chit Funds is compliant as of 24 July 2026. The company is actively filing with the Registrar of Companies.
Pragadeesh Chit Funds can be reached at its registered office: S.F.No. 652B, Paparapatti Main Road, Pennagaram, Tamil Nadu, India – 636803.