Sathy Chit Funds Private Limited
About Sathy Chit Funds Private Limited
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Sathy Chit Funds Private Limited was a private limited company based in Sathyamangalam, Tamil Nadu, 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 fund management segment of the financial services sector. It was incorporated on 11 February 2016.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2016PTC022267. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Sankar Sindhu and Vadivel Karthick.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 1/889 S R N Garden Gandhinagar, Sathyamangalam, Tamil Nadu, India – 638402.
As per the financials filed for FY 2020, the company reported a revenue of ₹38,162, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹31,090 (net margin -81.5%) and EBITDA of ₹32,078 (EBITDA margin 84.1%).
Court records list 3 cases involving the company, including 3 filed by the company.
Company details
Contact details
Sathy Chit Funds Private Limited's registered office is in Sathyamangalam, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1/889 S R N Garden Gandhinagar, Sathyamangalam, Tamil Nadu, India – 638402
- IndustryFinancial Services, Fund Management
To see the full contact details of Sathy 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 Sathy Chit Funds is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Sathy Chit Funds Private Limited, buy the company report.
Financials of Sathy Chit Funds Private Limited
FY 2020 filings availableSathy Chit Funds Private Limited reported revenue of ₹38,162 (down 71% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 71% in the latest year. EBITDA fell 20% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹32,078 | ||||
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| Net Profit (PAT) | -₹31,090 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | 84.1% | ||||
| Net Profit Margin | -81.5% | ||||
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To see the full financial statements and ratios of Sathy Chit Funds Private Limited, buy the company report.
Board of directors of Sathy Chit Funds Private Limited
Sathy Chit Funds has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sankar Sindhu | Director | 20 Mar 2020 | 6 Years 7 Months | As last reported |
| Vadivel Karthick | Director | 20 Mar 2020 | 6 Years 7 Months | As last reported |
Auditor
Sathy Chit Funds Private Limited is audited by P GOWTHAM KUMAR for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P GOWTHAM KUMAR | FY 2017 | 237184 |
Shareholding
The shareholding of Sathy 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 Sathy Chit Funds Private Limited, buy the company report.
Legal cases
Sathy Chit Funds Private Limited has 3 court cases on record: 3 filed by Sathy Chit Funds. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Erode, Tamil Nadu | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Sathy Chit Funds 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 Sathy Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sathy Chit Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sathy Chit Funds Private Limited, buy the company report.
Recent activity
Sathy Chit Funds Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Palanisamy Gowtham ceased to be Director on 25 Mar 2020.
Frequently asked questions
Sathy 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.
Sathy Chit Funds was a private limited company based in Sathyamangalam, Tamil Nadu, India. The company worked in fund management, within the financial services industry. It was incorporated on 11 February 2016 and is registered under CIN U65992TZ2016PTC022267. The company has been struck off by the Registrar of Companies and is no longer operational.
Sathy Chit Funds had 2 directors:
- Sankar Sindhu - Director
- Vadivel Karthick - Director
The CIN (Corporate Identification Number) of Sathy Chit Funds is U65992TZ2016PTC022267. 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 Sathy Chit Funds is at 1889 S R N Garden Gandhinagar, Sathyamangalam, Tamil Nadu, India – 638402.
Sathy Chit Funds was incorporated on 11 February 2016. It is registered with the Registrar of Companies, Coimbatore.
The latest financial statements of Sathy Chit Funds on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2016 are in the company report.
No. Sathy Chit Funds has 1 GST registration on record and it is cancelled or inactive.
Sathy Chit Funds operated in the financial services industry, in the fund management segment. It worked in this industry before it was struck off.
Sathy Chit Funds has 3 court cases on record: 3 filed by the company.