Primesource Chit Funds Private Limited
About Primesource Chit Funds Private Limited
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Primesource Chit Funds Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 02 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2016PTC110167.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sethuraman Padmavathi and Sripriya Arunasalam.
Its last annual general meeting (AGM) was held on 13 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 82 Mahalingam Street Santhosh Nagar Madhanandapuram Porur, Chennai, Tamil Nadu, India – 600116.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.32 Lakh, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹92,650 (net margin -11.1%) and EBITDA of -₹92,650 (EBITDA margin -11.1%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Primesource Chit Funds Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 82 Mahalingam Street Santhosh Nagar Madhanandapuram Porur, Chennai, Tamil Nadu, India – 600116
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Primesource 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 Primesource 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 Primesource Chit Funds Private Limited, buy the company report.
Financials of Primesource Chit Funds Private Limited
FY 2025 filings availablePrimesource Chit Funds Private Limited reported revenue of ₹8.32 Lakh (down 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 15% fall in the latest year. EBITDA fell 267% 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 | -₹92,650 | ||||
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| Net Profit (PAT) | -₹92,650 | ||||
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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 | -11.1% | ||||
| Net Profit Margin | -11.1% | ||||
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To see the full financial statements and ratios of Primesource Chit Funds Private Limited, buy the company report.
Board of directors of Primesource Chit Funds Private Limited
Primesource Chit Funds has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sethuraman Padmavathi Also directs: Proficient Retail LLP, Chennai Mobility Solution Private Limited, Proficient Tech Private Limited and 2 more | Director | 02 May 2016 | 10 Years 5 Months | Current |
| Sripriya Arunasalam | Director | 02 May 2016 | 10 Years 5 Months | Current |
| Geetha Sriram Also directs: Lotus Samrddhi Private Limited, Maxspace Properties LLP | Director | 02 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Primesource Chit Funds Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Chit Funds, Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Sreehari Chit Funds Private Limited | ₹8.33 Lakh (FY 2024) | -22.0% | Muriyamangalam Mamala P O, Kerala, India | |||
| Greenbacks Micro Services Foundation | ₹8.33 Lakh (FY 2025) | Bhubaneshwar, Odisha, India | ||||
| Primesource Chit Funds Private Limitedthis company | ₹8.32 Lakh (FY 2024) | -₹92,650 | -11.1% | -15.0% | Chennai, Tamil Nadu, India | |
| Tarun Tie-Up Private Limited | ₹8.31 Lakh (FY 2023) | Delhi, India |
To see the full peer comparison of Primesource Chit Funds Private Limited, buy the company report.
Shareholding
The shareholding of Primesource Chit Funds Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Primesource Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Primesource 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 Primesource 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 Primesource Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Primesource Chit Funds Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Geetha Sriram was appointed as Director on 02 May 2016.
Frequently asked questions
Primesource Chit Funds is an active private limited company based in Chennai, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 02 May 2016 (10+ years old) and is registered under CIN U74999TN2016PTC110167.
Primesource Chit Funds has 3 current directors:
- Sethuraman Padmavathi - Director
- Sripriya Arunasalam - Director
- Geetha Sriram - Director
The latest financial statements of Primesource Chit Funds on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 October 2025. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Primesource Chit Funds is U74999TN2016PTC110167. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primesource Chit Funds was incorporated on 02 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Primesource Chit Funds by revenue are Sreehari Chit Funds Private Limited, Greenbacks Micro Services Foundation, Tarun Tie-Up Private Limited, all in the BFSI industry (Chit Funds, Other Financial Services), with the same principal business activity (other financial activities).
Geetha Sriram was appointed as Director on 02 May 2016. Sethuraman Padmavathi was appointed as Director on 02 May 2016. Sripriya Arunasalam was appointed as Director on 02 May 2016.
The registered office of Primesource Chit Funds is at No. 82 Mahalingam Street Santhosh Nagar Madhanandapuram Porur, Chennai, Tamil Nadu, India – 600116.
Primesource Chit Funds operates in the financial services industry, in the diversified financial services segment.
The compliance status of Primesource Chit Funds is compliant as of 16 September 2026. The company is actively filing with the Registrar of Companies.
Primesource Chit Funds can be reached at its registered office: No. 82 Mahalingam Street Santhosh Nagar Madhanandapuram Porur, Chennai, Tamil Nadu, India – 600116.
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