Saaram Chits Private Limited
About Saaram Chits Private Limited
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Saaram Chits Private Limited is a private limited company based in Tiruchirappalli, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 16 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2021PTC142101.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹4.5 Lakh. It is led by directors including Ramachandran Rengaraj and Aruchamy.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 130/150 Periyar Nagar Ist Floor, Tiruchirappalli, Tamil Nadu, India – 620005.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.1 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹59,174 (net margin -7.3%) and EBITDA of ₹70,143 (EBITDA margin 8.7%).
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Company details
Contact details
Saaram Chits Private Limited's registered office is in Tiruchirappalli, Tamil Nadu.
- Registered Address130/150 Periyar Nagar Ist Floor, Tiruchirappalli, Tamil Nadu, India – 620005
- IndustryFinancial Services, Other Financial Intermediation, Kuri Companies, Chit Fund
- 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 Saaram 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 Saaram Chits Private Limited, buy the company report.
Financials of Saaram Chits Private Limited
FY 2023 filings availableSaaram Chits Private Limited reported revenue of ₹8.1 Lakh (up 401% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 401% in the latest year. EBITDA rose 138% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹70,143 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹59,174 | ||
| Balance Sheet | |||
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| Reserves and Surplus | |||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 8.7% | ||
| Net Profit Margin | -7.3% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Saaram Chits Private Limited, buy the company report.
Board of directors of Saaram Chits Private Limited
Saaram Chits has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramachandran Rengaraj | Director | 16 Mar 2021 | 5 Years 7 Months | Current |
| Aruchamy | Director | 16 Mar 2021 | 5 Years 7 Months | Current |
| Saravanakumar | Director | 16 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
Saaram Chits Private 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 |
|---|---|---|---|---|---|---|
| Ortem Commercial Private Limited | ₹8.11 Lakh (FY 2025) | 18.0% | Howrah, West Bengal, India | |||
| Nishu Leasing and Finance Limited | ₹8.11 Lakh (FY 2025) | 4.0% | Kolkata, West Bengal, India | |||
| Skywin Chit Funds Private Limited | ₹8.11 Lakh (FY 2025) | -6.0% | Coimbatore, Tamil Nadu, India | |||
| Trichur Securities Private Limited | ₹8.11 Lakh (FY 2025) | 1.0% | Thrissur, Kerala, India | |||
| Ganapati Texknit Services Private Limited | ₹8.11 Lakh (FY 2024) | -5.0% | Kolkata, West Bengal, India | |||
| Saaram Chits Private Limitedthis company | ₹8.1 Lakh (FY 2023) | -₹59,174 | -7.3% | 401.0% | Tiruchirappalli, Tamil Nadu, India | |
| Networth Portfolio and Finance Private Limited | ₹8.1 Lakh (FY 2021) | -50.0% | Mumbai, Maharashtra, India | |||
| Kuppaikaaran Waste Management Private Limited | ₹8.1 Lakh (FY 2020) | Salem, Tamil Nadu, India | ||||
| Swan Fin Consultancy Private Limited | ₹8.1 Lakh (FY 2025) | -76.0% | Indore, Madhya Pradesh, India | |||
| Dhandai Nidhi Limited | ₹8.1 Lakh (FY 2022) | 55.0% | Ahmednagar, Maharashtra, India | |||
| Mahavir Capital Services Pvt Ltd | ₹8.09 Lakh (FY 2025) | -30.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Saaram Chits Private Limited, buy the company report.
Legal cases
Saaram Chits Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
To see the full case history of Saaram 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 Saaram 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 Saaram Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Saaram Chits Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Aruchamy was appointed as Director on 16 Mar 2021.
Frequently asked questions
Saaram Chits is an active private limited company based in Tiruchirappalli, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 16 March 2021 (5+ years old) and is registered under CIN U65992TN2021PTC142101.
Saaram Chits has 3 current directors:
- Ramachandran Rengaraj - Director
- Aruchamy - Director
- Saravanakumar - Director
The latest financial statements of Saaram Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Saaram Chits is U65992TN2021PTC142101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saaram Chits has 1 court case on record: 1 filed against it. 1 is pending.
Saaram Chits was incorporated on 16 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Saaram Chits by revenue are Ortem Commercial Private Limited, Nishu Leasing and Finance Limited, Skywin Chit Funds Private Limited, Trichur Securities Private Limited, Ganapati Texknit Services Private Limited and 5 more, all in the same principal business activity (other financial activities).
Aruchamy was appointed as Director on 16 Mar 2021. Ramachandran Rengaraj was appointed as Director on 16 Mar 2021. Saravanakumar was appointed as Director on 16 Mar 2021.
The registered office of Saaram Chits is at 130150 Periyar Nagar Ist Floor, Tiruchirappalli, Tamil Nadu, India – 620005.
Saaram Chits operates in the financial services industry, in the other financial intermediation segment.
Saaram Chits can be reached at its registered office: 130150 Periyar Nagar Ist Floor, Tiruchirappalli, Tamil Nadu, India – 620005.
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