Souriyar Chits Private Limited
About Souriyar Chits Private Limited
Data last updated:
Souriyar 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 financial intermediation and lending segment of the financial services sector. It was incorporated on 22 January 2008.
The company was registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2008PTC021725.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.5 Lakh. It was led by directors including Eluvathingal Devassy Francis and Jose Raphel Alapadan.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at III / 646st. Xaviers Church Building Chevoor P O, Thrissur, Kerala, India – 680027.
As per the financials filed for FY 2019, the company reported a revenue of ₹8.52 Lakh, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹70,457 (net margin -8.3%) and EBITDA of ₹2.7 Lakh (EBITDA margin 31.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 5% over five years.
Court records list 32 cases involving the company, including 32 filed by the company; 1 case is pending.
Company details
Contact details
Souriyar Chits Private Limited's registered office is in Thrissur, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressIII / 646st. Xaviers Church Building Chevoor P O, Thrissur, Kerala, India – 680027
- IndustryFinancial Services, Other Financial Intermediation, Chit Fund, Kuri Companies
To see the full contact details of Souriyar 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
Business activity
The main business activity of Souriyar 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 Souriyar Chits Private Limited, buy the company report.
Financials of Souriyar Chits Private Limited
FY 2019 filings availableSouriyar Chits Private Limited reported revenue of ₹8.52 Lakh (up 41% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 41% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 31% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹8.52 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.7 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹70,457 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.7% | ||||
| Net Profit Margin | -8.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Souriyar Chits Private Limited, buy the company report.
Board of directors of Souriyar Chits Private Limited
Souriyar Chits has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eluvathingal Devassy Francis Also directs: Devamatha Kuries Private Limited | Director | 30 Sep 2010 | 16 Years 0 Months | As last reported |
| Jose Raphel Alapadan | Director | 30 Sep 2010 | 16 Years 0 Months | As last reported |
| Dillo Daison | Director | 30 Sep 2010 | 16 Years 0 Months | As last reported |
Peer comparison
Souriyar 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 |
|---|---|---|---|---|---|---|
| Sree Bakthavastala Chits Private Limited | ₹8.53 Lakh (FY 2021) | 0.0% | Mahabubnagar, Telangana, India | |||
| Jain Apartments Pvt Ltd | ₹8.53 Lakh (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Virtusa Chits Private Limited | ₹8.53 Lakh (FY 2021) | 37.0% | Jangaon, Telangana, India | |||
| Ashok Nagar Janopakara Saswatha Nidhi Ltd. | ₹8.53 Lakh (FY 2021) | -19.0% | Chennai, Tamil Nadu, India | |||
| Pennukkara Kuries Private Limited | ₹8.53 Lakh (FY 2024) | Chengannur, Kerala, India | ||||
| Souriyar Chits Private Limitedthis company | ₹8.52 Lakh (FY 2019) | -₹70,457 | -8.3% | 41.0% | Thrissur, Kerala, India | |
| Geetika Developers Private Limited | ₹8.52 Lakh (FY 2025) | -48.0% | Kolkata, West Bengal, India | |||
| P S K M Nidhi Limited | ₹8.51 Lakh (FY 2024) | 29.0% | Thiruvilwamala, Kerala, India | |||
| Viswadeep Chits Private Limited | ₹8.51 Lakh (FY 2021) | -20.0% | Bangalore, Karnataka, India | |||
| Vasilisa Suppliers Private Limited | ₹8.51 Lakh (FY 2024) | 6.0% | Kolkata, West Bengal, India | |||
| KRB Kishan Nidhi Limited | ₹8.51 Lakh (FY 2019) | 561.0% | Samastipur, Bihar, India |
To see the full peer comparison of Souriyar Chits Private Limited, buy the company report.
Legal cases
Souriyar Chits Private Limited has 32 court cases on record: 32 filed by Souriyar Chits. 1 case is pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 0 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against individuals | Disposed |
To see the full case history of Souriyar 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 Souriyar 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 Souriyar Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Souriyar Chits Private Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Azhchengadan Sijogeorge ceased to be Director on 31 Mar 2019.
Frequently asked questions
Souriyar 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.
Souriyar Chits was a private limited company based in Thrissur, Kerala, India. The company worked in other financial intermediation, within the financial services industry. It was incorporated on 22 January 2008 and is registered under CIN U65992KL2008PTC021725. The company has been struck off by the Registrar of Companies and is no longer operational.
Souriyar Chits had 3 directors:
- Eluvathingal Devassy Francis - Director
- Jose Raphel Alapadan - Director
- Dillo Daison - Director
The CIN (Corporate Identification Number) of Souriyar Chits is U65992KL2008PTC021725. 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 Souriyar Chits is at III 646st. Xaviers Church Building Chevoor P O, Thrissur, Kerala, India – 680027.
Souriyar Chits was incorporated on 22 January 2008. It is registered with the Registrar of Companies, Ernakulam.
The latest financial statements of Souriyar Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
Souriyar Chits operated in the financial services industry, in the other financial intermediation segment. It worked in this industry before it was struck off.
The peers of Souriyar Chits by revenue are Sree Bakthavastala Chits Private Limited, Jain Apartments Pvt Ltd, Virtusa Chits Private Limited, Ashok Nagar Janopakara Saswatha Nidhi Ltd, Pennukkara Kuries Private Limited and 5 more, all in the same principal business activity (other financial activities).
Souriyar Chits has 32 court cases on record: 32 filed by the company. 1 is pending.
Azhchengadan Sijogeorge ceased to be Director on 31 Mar 2019. Veerampully Joseph Sijo ceased to be Director on 31 Mar 2019. Dillo Daison was appointed as Director on 30 Sep 2010. Souriyar Chits has 5 board changes on record in total.