Sovereign Chits Pvt Ltd
About Sovereign Chits Pvt Ltd
Data last updated:
Sovereign Chits Pvt Ltd is a private limited company based in Palakkad, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 26 June 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL1982PTC003568.
The company has an authorised share capital of ₹8 Lakh and a paid-up capital of ₹8 Lakh. It is led by directors Rijil Mattammal Aravindakshan and Nitin Raj.
Its last annual general meeting (AGM) was held on 06 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Metro Bazzarmarket Road, Palakkad, Kerala, India – 678014.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.61 Lakh, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹1.79 Lakh (net margin -27.1%) and EBITDA of -₹1.7 Lakh (EBITDA margin -25.7%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 9% over five years.
Court records list 46 cases involving the company, including 41 filed by the company and 5 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sovereign Chits Pvt Ltd's registered office is in Palakkad, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressMetro Bazzarmarket Road, Palakkad, Kerala, India – 678014
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sovereign Chits Pvt Ltd, 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 Sovereign Chits is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Sovereign Chits Pvt Ltd, buy the company report.
Financials of Sovereign Chits Pvt Ltd
FY 2025 filings availableSovereign Chits Pvt Ltd reported revenue of ₹6.61 Lakh (down 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 12% fall in the latest year. EBITDA fell 522% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹1.7 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.79 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -25.7% | ||||
| Net Profit Margin | -27.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Sovereign Chits Pvt Ltd, buy the company report.
Board of directors of Sovereign Chits Pvt Ltd
Sovereign Chits has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rijil Mattammal Aravindakshan | Director | 17 Oct 2025 | 1 Years 0 Months | Current |
| Nitin Raj | Director | 17 Oct 2025 | 1 Years 0 Months | Current |
Shareholding
The shareholding of Sovereign Chits Pvt Ltd is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sovereign Chits Pvt Ltd, buy the company report.
Legal cases
Sovereign Chits Pvt Ltd has 46 court cases on record: 41 filed by Sovereign Chits, 5 filed against it. 2 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 2 | 2 |
| High courts | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Palakkad, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Palakkad, Kerala | Civil suit | Filed by the company against individuals | Pending |
| District court, Palakkad, Kerala | Execution petition | Filed by the company against an individual | Disposed |
| District court, Palakkad, Kerala | Execution petition | Filed by the company against an individual | Disposed |
| District court, Palakkad, Kerala | Execution petition | Filed by the company against individuals | Disposed |
To see the full case history of Sovereign Chits Pvt Ltd, 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 Sovereign Chits Pvt Ltd; 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 Sovereign Chits Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sovereign Chits Pvt Ltd has 16 board changes on record since 2005: 11 appointments and 5 cessations. The latest: Nitin Raj was appointed as Director on 17 Oct 2025.
7 earlier events are in the company report.
Frequently asked questions
Sovereign Chits is an active private limited company based in Palakkad, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 26 June 1982 (44+ years old) and is registered under CIN U65992KL1982PTC003568.
Sovereign Chits has 2 current directors:
- Rijil Mattammal Aravindakshan - Director
- Nitin Raj - Director
The latest financial statements of Sovereign Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 06 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sovereign Chits is U65992KL1982PTC003568. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sovereign Chits has 46 court cases on record: 41 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Sovereign Chits was incorporated on 26 June 1982, making it 44+ years old. It is registered with the Registrar of Companies, Ernakulam.
Nitin Raj was appointed as Director on 17 Oct 2025. Rijil Mattammal Aravindakshan was appointed as Director on 17 Oct 2025. Cheruvathoor Lonappan Antony ceased to be Director on 20 Sep 2022. Sovereign Chits has 16 board changes on record in total.
The registered office of Sovereign Chits is at Metro Bazzarmarket Road, Palakkad, Kerala, India – 678014.
Sovereign Chits operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Sovereign Chits is compliant as of 18 August 2026. The company is actively filing with the Registrar of Companies.