Reachout Chits Private Limited
About Reachout Chits Private Limited
Data last updated:
Reachout Chits Private Limited was a private limited company based in Thrissur, Kerala, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the microfinance institutions segment of the financial services sector. It was incorporated on 06 September 2006.
The company was registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2006PTC019816.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It was led by directors including Meletta Ayyappakutty Shaju (Managing Director) and Ramdas Kokkadan Raghavan.
Its last annual general meeting (AGM) was held on 25 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Building No. 364/14 Paulson Building Anchery P.O., Thrissur, Kerala, India – 680006.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.72 Lakh. For the same year it recorded a net profit of ₹1.28 Lakh (net margin 34.3%) and EBITDA of ₹1.53 Lakh (EBITDA margin 41.2%).
Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it.
Company details
Contact details
Reachout Chits Private Limited's registered office is in Thrissur, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressBuilding No. 364/14 Paulson Building Anchery P.O., Thrissur, Kerala, India – 680006
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Reachout 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
Financials of Reachout Chits Private Limited
FY 2023 filings availableReachout Chits Private Limited reported revenue of ₹3.72 Lakh for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹1.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.28 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.2% | ||||
| Net Profit Margin | 34.3% | ||||
| 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 Reachout Chits Private Limited, buy the company report.
Board of directors of Reachout Chits Private Limited
Reachout Chits has 9 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramdas Kokkadan Raghavan | Director | 16 Sep 2006 | 20 Years 1 Months | As last reported |
| Porathur Thomas Devassy Also directs: Veefly Holidays Private Limited | Director | 16 Sep 2006 | 20 Years 1 Months | As last reported |
| Kundoli Gopalan Satheesan | Director | 06 Sep 2006 | 20 Years 1 Months | As last reported |
| Roy Nellangara Rappai | Director | 16 Sep 2006 | 20 Years 1 Months | As last reported |
| Vallachirakkaran Johny Leo Also directs: Vea Gold & Diamonds Private Limited | Director | 06 Sep 2006 | 20 Years 1 Months | As last reported |
| Meletta Ayyappakutty Shaju | Managing Director | 16 Sep 2006 | 20 Years 1 Months | As last reported |
Peer comparison
Reachout Chits Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Krishnamoney Chits Private Limited | ₹3.82 Lakh (FY 2024) | -22.0% | Kulanada, Kerala, India | |||
| Iof Micro Finance Private Limited | ₹3.8 Lakh (FY 2025) | Naugarh, Uttar Pradesh, India | ||||
| BDFC First Nidhi Limited | ₹3.8 Lakh (FY 2024) | -2.0% | Northtwentyfourparganas, West Bengal, India | |||
| KD Micro Finance Private Limited | ₹3.79 Lakh (FY 2025) | 260.0% | Bhilwara, Rajasthan, India | |||
| Sri Lakshmi Jyothi Chit Funds Private Limited | ₹3.76 Lakh (FY 2024) | 10.0% | Palwancha, Telangana, India | |||
| Reachout Chits Private Limitedthis company | ₹3.72 Lakh (FY 2023) | ₹1.28 Lakh | 34.3% | Thrissur, Kerala, India | ||
| HMRD Nidhi Limited | ₹3.69 Lakh (FY 2025) | -92.0% | Madhubani, Bihar, India | |||
| Maa Lakshmi Nidhi Limited | ₹3.67 Lakh (FY 2022) | Jaipur, Rajasthan, India | ||||
| RVP Chits Private Limited | ₹3.66 Lakh (FY 2022) | 4.0% | Chennai, Tamil Nadu, India | |||
| Adnix Capital Micro Finance Private Limited | ₹3.65 Lakh (FY 2025) | Shirhatti, Karnataka, India | ||||
| Nav Nirman Nidhi Limited | ₹3.65 Lakh (FY 2024) | Muzaffarnagar, Uttar Pradesh, India |
To see the full peer comparison of Reachout Chits Private Limited, buy the company report.
Auditor
Reachout Chits Private Limited is audited by MOHANDAS & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHANDAS & ASSOCIATES | FY 2020 | 002116S |
Shareholding
The shareholding of Reachout Chits Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Reachout Chits Private Limited, buy the company report.
Legal cases
Reachout Chits Private Limited has 11 court cases on record: 9 filed by Reachout Chits, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (Ex.FA) | Filed against the company by individuals | Disposed |
| High Court | Court case (OP(C)) | Filed against the company by individuals | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Reachout Chits 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 Reachout Chits 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 Reachout Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Reachout Chits Private Limited has 12 board changes on record since 2006: 9 appointments and 3 cessations. The latest: Meletta Ayyappakutty Shaju ceased to be Director on 31 Oct 2012.
3 earlier events are in the company report.
Frequently asked questions
Reachout Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Reachout Chits was a private limited company based in Thrissur, Kerala, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 06 September 2006 and is registered under CIN U65992KL2006PTC019816. The company has been struck off by the Registrar of Companies and is no longer operational.
Reachout Chits had 9 directors:
- Meletta Ayyappakutty Shaju - Managing Director
- Ramdas Kokkadan Raghavan - Director
- Porathur Thomas Devassy - Director
- Kundoli Gopalan Satheesan - Director
- Roy Nellangara Rappai - Director
- Vallachirakkaran Johny Leo - Director
- Pindaniparambil Gopalan Venu - Director
- Thekkeppurakkal Balan Saileswaran - Director
- Kuttichira House Velappan Karthikeyan - Director
The CIN (Corporate Identification Number) of Reachout Chits is U65992KL2006PTC019816. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Reachout Chits is at Building No. 36414 Paulson Building Anchery P.O., Thrissur, Kerala, India – 680006.
Reachout Chits was incorporated on 06 September 2006. It is registered with the Registrar of Companies, Ernakulam.
The latest financial statements of Reachout Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 July 2023. Year-wise statements from 2015 are in the company report.
Reachout Chits operated in the financial services industry, in the microfinance institutions segment. It worked in this industry before it was struck off.
The peers of Reachout Chits by revenue are Krishnamoney Chits Private Limited, Iof Micro Finance Private Limited, BDFC First Nidhi Limited, KD Micro Finance Private Limited, Sri Lakshmi Jyothi Chit Funds Private Limited and 5 more, all in the BFSI industry (Micro Finance).
Reachout Chits has 11 court cases on record: 9 filed by the company and 2 filed against it. Most are in the district courts.
Meletta Ayyappakutty Shaju ceased to be Director on 31 Oct 2012. Jaison Nellangara Antony ceased to be Director on 21 Aug 2012. Porathur Thomas Devassy ceased to be Director on 26 Aug 2009. Reachout Chits has 12 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
