Samvruddhi Chit Funds Private Limited
About Samvruddhi Chit Funds Private Limited
Data last updated:
Samvruddhi Chit Funds Private Limited was a private limited company based in Chittoor, Andhra Pradesh, 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 chit fund and microfinance segment of the financial services sector. It was incorporated on 28 September 2021.
The company was registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP2021PTC119534.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Surutukar Kedhar Simha and Balaji Rao Surutukar.
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 was at 4 – 236 Gandhi Nagar Greamspet, Chittoor, Andhra Pradesh, India – 517002.
As per the financials filed for FY 2024, the company reported a revenue of ₹76,760. For the same year it recorded a net loss of ₹35,000 (net margin -45.6%) and EBITDA of -₹35,000 (EBITDA margin -45.6%).
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- Registered Address4 – 236 Gandhi Nagar Greamspet, Chittoor, Andhra Pradesh, India – 517002
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
- 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
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Business Activity
The main business activity of Samvruddhi Chit Funds is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Samvruddhi Chit Funds Private Limited
FY 2024 filings availableSamvruddhi Chit Funds Private Limited reported revenue of ₹76,760 for FY 2024.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2021-22 to FY 2022-23in the company report |
|---|---|---|
| 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 | -₹35,000 | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹35,000 | |
| 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 2023-24 | FY 2021-22 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -45.6% | |
| Net Profit Margin | -45.6% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2021-22 to FY 2022-23, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Samvruddhi Chit Funds are in the company report.
: available in the company report
Board of Directors of Samvruddhi Chit Funds Private Limited
Samvruddhi Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surutukar Kedhar Simha | Director | 28 Sep 2021 | 5 Years 0 Months | As last reported |
| Balaji Rao Surutukar | Director | 28 Sep 2021 | 5 Years 0 Months | As last reported |
Peer Comparison
Samvruddhi Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Atlantis Chit Funds Private Limited | ₹76,805 (FY 2024) | •••• | •••• | -82.0% | •••• | Hyderabad, Telangana, India |
| Samvruddhi Chit Funds Private Limited this company | ₹76,760 (FY 2024) | •••• | •••• | •••• | Chittoor, Andhra Pradesh, India | |
| Kaveri Chit Funds (Ap) Private Limited | ₹74,531 (FY 2021) | •••• | •••• | 33.0% | •••• | Karimnagar, Telangana, India |
| Sri Hamsika Chit Funds Private Limited | ₹73,366 (FY 2020) | •••• | •••• | •••• | Warangal, Telangana, India | |
| S.R.R Chit Funds Private Limited | ₹72,132 (FY 2025) | •••• | •••• | -53.0% | •••• | Chennai, Tamil Nadu, India |
| Bodi Chit Funds Private Limited. | ₹70,623 (FY 2024) | •••• | •••• | -44.0% | •••• | Uthamapalayam, Madurai Dist, Tamil Nadu, India |
Peers are the companies nearest to Samvruddhi Chit Funds by revenue, above and below it, in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings
Samvruddhi Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Samvruddhi Chit Funds.
: available in the company report
Recent Activity
Samvruddhi Chit Funds Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Balaji Rao Surutukar was appointed as Director on 28 Sep 2021.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Samvruddhi Chit Funds 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.
Samvruddhi Chit Funds was a private limited company based in Chittoor, Andhra Pradesh, India. The company worked in chit fund, within the financial services industry. It was incorporated on 28 September 2021 and is registered under CIN U65992AP2021PTC119534. The company has been struck off by the Registrar of Companies and is no longer operational.
Samvruddhi Chit Funds had 2 directors:
- Surutukar Kedhar Simha - Director
- Balaji Rao Surutukar - Director
The CIN (Corporate Identification Number) of Samvruddhi Chit Funds is U65992AP2021PTC119534. 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 Samvruddhi Chit Funds is at 4 – 236 Gandhi Nagar Greamspet, Chittoor, Andhra Pradesh, India – 517002.
Samvruddhi Chit Funds was incorporated on 28 September 2021. It is registered with the Registrar of Companies, Vijayawada.
The latest financial statements of Samvruddhi 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 2022 are in the company report.
Samvruddhi Chit Funds operated in the financial services industry, in the chit fund segment. It worked in this industry before it was struck off.
The peers of Samvruddhi Chit Funds by revenue are Atlantis Chit Funds Private Limited, Kaveri Chit Funds (Ap) Private Limited, Sri Hamsika Chit Funds Private Limited, S.R.R Chit Funds Private Limited, Bodi Chit Funds Private Limited, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Balaji Rao Surutukar was appointed as Director on 28 Sep 2021. Surutukar Kedhar Simha was appointed as Director on 28 Sep 2021.
Samvruddhi Chit Funds can be reached at its registered office: 4 – 236 Gandhi Nagar Greamspet, Chittoor, Andhra Pradesh, India – 517002.