Stepin Chit Funds Private Limited
About Stepin Chit Funds Private Limited
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Stepin Chit Funds Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 15 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2017PTC028630.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Nallasamy Rajan and Karthik Rajan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 56 Krishnampalayam Road Karungalpalayam, Erode, Tamil Nadu, India – 638003.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.14 Lakh, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹3,729 (net margin 0.9%) and EBITDA of ₹7,137 (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 19% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Stepin Chit Funds Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address56 Krishnampalayam Road Karungalpalayam, Erode, Tamil Nadu, India – 638003
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
To see the full contact details of Stepin 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 Stepin Chit Funds 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 Stepin Chit Funds Private Limited, buy the company report.
Financials of Stepin Chit Funds Private Limited
FY 2025 filings availableStepin Chit Funds Private Limited reported revenue of ₹4.14 Lakh (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 15% growth in the latest year. EBITDA fell 86% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹7,137 | ||||
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| Net Profit (PAT) | ₹3,729 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 0.9% | ||||
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To see the full financial statements and ratios of Stepin Chit Funds Private Limited, buy the company report.
Board of directors of Stepin Chit Funds Private Limited
Stepin Chit Funds has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nallasamy Rajan | Director | 15 Mar 2017 | 9 Years 7 Months | Current |
| Karthik Rajan | Director | 15 Mar 2017 | 9 Years 7 Months | Current |
| Shobanna | Director | 15 Mar 2017 | 9 Years 7 Months | Current |
| Palanisamy Kiruthika | Director | 15 Mar 2017 | 9 Years 7 Months | Current |
| Varadha Rajan Pramodhkumar | Director | 15 Mar 2017 | 9 Years 7 Months | Current |
Peer comparison
Stepin Chit Funds Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Chit Funds), with 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 |
|---|---|---|---|---|---|---|
| Chennai Vinayaga Chit Funds Private Limited | ₹4.35 Lakh (FY 2025) | 45.0% | Chennai, Tamil Nadu, India | |||
| Sri Mangalam Chit Funds (Nellai) Private Limited | ₹4.31 Lakh (FY 2024) | 9.0% | Tirunelveli, Tamil Nadu, India | |||
| Jeevamanna Chit Funds Private Limited | ₹4.23 Lakh (FY 2019) | -61.0% | Vasai, Maharashtra, India | |||
| Sree Vanamalika Chit Funds Private Limited | ₹4.16 Lakh (FY 2025) | -25.0% | Coimbatore, Tamil Nadu, India | |||
| Thirurayappan Chit Funds Private Limited | ₹4.15 Lakh (FY 2021) | 1284.0% | Tirupur, Tamil Nadu, India | |||
| Stepin Chit Funds Private Limitedthis company | ₹4.14 Lakh (FY 2025) | ₹3,729 | 0.9% | 15.0% | Erode, Tamil Nadu, India | |
| Sri Padmam Chit Funds Private Limited | ₹4.12 Lakh (FY 2024) | Tirupur, Tamil Nadu, India | ||||
| Sivakami Chit Funds Private Limited | ₹4.11 Lakh (FY 2025) | 27.0% | Somanur, Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Stepin Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Stepin Chit Funds Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Stepin Chit Funds 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 Stepin Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Stepin Chit Funds Private Limited has 5 board changes on record since 2017: 5 appointments. The latest: Karthik Rajan was appointed as Director on 15 Mar 2017.
Frequently asked questions
Stepin Chit Funds is an active private limited company based in Erode, Tamil Nadu, India. The company works in chit fund, within the financial services industry. It was incorporated on 15 March 2017 (9+ years old) and is registered under CIN U65992TZ2017PTC028630.
Stepin Chit Funds has 5 current directors:
- Nallasamy Rajan - Director
- Karthik Rajan - Director
- Shobanna - Director
- Palanisamy Kiruthika - Director
- Varadha Rajan Pramodhkumar - Director
The latest financial statements of Stepin Chit Funds on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Stepin Chit Funds is U65992TZ2017PTC028630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stepin Chit Funds was incorporated on 15 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Stepin Chit Funds by revenue are Chennai Vinayaga Chit Funds Private Limited, Sri Mangalam Chit Funds (Nellai) Private Limited, Jeevamanna Chit Funds Private Limited, Sree Vanamalika Chit Funds Private Limited, Thirurayappan Chit Funds Private Limited and 2 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Karthik Rajan was appointed as Director on 15 Mar 2017. Nallasamy Rajan was appointed as Director on 15 Mar 2017. Palanisamy Kiruthika was appointed as Director on 15 Mar 2017. Stepin Chit Funds has 5 board changes on record in total.
The registered office of Stepin Chit Funds is at 56 Krishnampalayam Road Karungalpalayam, Erode, Tamil Nadu, India – 638003.
Stepin Chit Funds operates in the financial services industry, in the chit fund segment.
The compliance status of Stepin Chit Funds is compliant as of 13 September 2026. The company is actively filing with the Registrar of Companies.
Stepin Chit Funds can be reached at its registered office: 56 Krishnampalayam Road Karungalpalayam, Erode, Tamil Nadu, India – 638003.
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