Rihari Chitfund Private Limited
About Rihari Chitfund Private Limited
Data last updated:
Rihari Chitfund Private Limited is a private limited company based in Vijayawada, Andhra Pradesh, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 20 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U67190AP2016PTC104305. Its GSTIN is 37AAHCR9678P2Z3 (Andhra Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Nagamani Vanukuri and Kanakadurga Pothunuri.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Door No. 29 – 28 – 40 Dasarivari Street Suryaraopet, Vijayawada, Andhra Pradesh, India – 521001.
As per the financials filed for FY 2022, the company reported a revenue of ₹10.9 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹6.99 Lakh (net margin -64.1%) and EBITDA of -₹8.55 Lakh (EBITDA margin -78.4%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 18% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Rihari Chitfund Private Limited's registered office is in Vijayawada, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No. 29 – 28 – 40 Dasarivari Street Suryaraopet, Vijayawada, Andhra Pradesh, India – 521001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Rihari Chitfund 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 Rihari Chitfund 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 Rihari Chitfund Private Limited, buy the company report.
Financials of Rihari Chitfund Private Limited
FY 2022 filings availableRihari Chitfund Private Limited reported revenue of ₹10.9 Lakh (down 34% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.9 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹8.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.99 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -78.4% | ||||
| Net Profit Margin | -64.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Rihari Chitfund Private Limited, buy the company report.
Board of directors of Rihari Chitfund Private Limited
Rihari Chitfund has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagamani Vanukuri | Director | 20 Oct 2016 | 10 Years 0 Months | Current |
| Kanakadurga Pothunuri | Director | 20 Oct 2016 | 10 Years 0 Months | Current |
| Vuyyuru Priyanka | Director | 20 Oct 2016 | 10 Years 0 Months | Current |
Peer comparison
Rihari Chitfund Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Parasmahavir Credit Nidhi Limited | ₹11.02 Lakh (FY 2021) | 267.0% | Mumbai, Maharashtra, India | |||
| Calsun Nidhi Limited | ₹10.96 Lakh (FY 2024) | -64.0% | Kozhikode, Kerala, India | |||
| Tamanvi Chit Funds Private Limited | ₹10.93 Lakh (FY 2024) | -65.0% | Hanamkonda, Telangana, India | |||
| Punchiri Nidhi Limited | ₹10.92 Lakh (FY 2025) | -4.0% | Irinjalakuda, Kerala, India | |||
| Rihari Chitfund Private Limited this company | ₹10.9 Lakh (FY 2022) | -₹6.99 Lakh | -64.1% | -34.0% | Vijayawada, Andhra Pradesh, India | |
| Incredible Chits India Private Limited | ₹10.88 Lakh (FY 2017) | -12.0% | Secunderabad, Telangana, India | |||
| TNV Chit Funds Private Limited | ₹10.8 Lakh (FY 2021) | Cuddalore, Tamil Nadu, India |
To see the full peer comparison of Rihari Chitfund Private Limited, buy the company report.
Auditor
Rihari Chitfund Private Limited is audited by B V S PRAKASH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B V S PRAKASH & CO | FY 2018 | 002727S |
Shareholding
The shareholding of Rihari Chitfund Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Rihari Chitfund Private Limited, buy the company report.
Legal cases
Rihari Chitfund Private Limited has 1 court case on record: 1 filed by Rihari Chitfund. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Krishna, Andhra Pradesh | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Rihari Chitfund 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 Rihari Chitfund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rihari Chitfund has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAHCR9678P2Z3 | Andhra Pradesh | Active | 31 Oct 2017 |
To see the full GST registrations and return filing status of Rihari Chitfund Private Limited, buy the company report.
Recent activity
Rihari Chitfund Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Kanakadurga Pothunuri was appointed as Director on 20 Oct 2016.
Frequently asked questions
Rihari Chitfund is an active private limited company based in Vijayawada, Andhra Pradesh, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 20 October 2016 (10+ years old) and is registered under CIN U67190AP2016PTC104305.
Rihari Chitfund has 3 current directors:
- Nagamani Vanukuri - Director
- Kanakadurga Pothunuri - Director
- Vuyyuru Priyanka - Director
The latest financial statements of Rihari Chitfund on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Rihari Chitfund is 37AAHCR9678P2Z3, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Rihari Chitfund is U67190AP2016PTC104305. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rihari Chitfund has 1 court case on record: 1 filed by the company.
Rihari Chitfund was incorporated on 20 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Rihari Chitfund by revenue are Parasmahavir Credit Nidhi Limited, Calsun Nidhi Limited, Tamanvi Chit Funds Private Limited, Punchiri Nidhi Limited, Incredible Chits India Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Kanakadurga Pothunuri was appointed as Director on 20 Oct 2016. Nagamani Vanukuri was appointed as Director on 20 Oct 2016. Vuyyuru Priyanka was appointed as Director on 20 Oct 2016.
The registered office of Rihari Chitfund is at Door No. 29 – 28 – 40 Dasarivari Street Suryaraopet, Vijayawada, Andhra Pradesh, India – 521001.
Rihari Chitfund operates in the financial services industry, in the microfinance institutions segment.