Swarnarathnam Chits Private Limited
About Swarnarathnam Chits Private Limited
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Swarnarathnam Chits Private Limited is a private limited company based in Nagapattinam, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 24 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2012PTC086037. Its GSTIN is 33AARCS9763J2ZI (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors including Rethinasabapathynadar Nithyanandam and Muthuvel Gokulakrishnan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Nagapattinam, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.63 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹1.79 Lakh (net margin -109.6%) and EBITDA of -₹1.63 Lakh (EBITDA margin -99.9%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 23% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Swarnarathnam Chits Private Limited's registered office is in Nagapattinam, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.12 1st Floor, Nadar Street Velipalayam, Nagapattinam, Tamil Nadu, India – 611001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Swarnarathnam 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 Swarnarathnam 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 Swarnarathnam Chits Private Limited, buy the company report.
Financials of Swarnarathnam Chits Private Limited
FY 2023 filings availableSwarnarathnam Chits Private Limited reported revenue of ₹1.63 Lakh (down 64% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 64% fall in the latest year. EBITDA fell 507% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹1.63 Lakh | ||||
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| Net Profit (PAT) | -₹1.79 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -99.9% | ||||
| Net Profit Margin | -109.6% | ||||
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To see the full financial statements and ratios of Swarnarathnam Chits Private Limited, buy the company report.
Board of directors of Swarnarathnam Chits Private Limited
Swarnarathnam Chits has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rethinasabapathynadar Nithyanandam | Director | 24 May 2012 | 14 Years 5 Months | Current |
| Muthuvel Gokulakrishnan | Director | 25 May 2012 | 14 Years 5 Months | Current |
| Rethinapandian | Director | 24 May 2012 | 14 Years 5 Months | Current |
Peer comparison
Swarnarathnam Chits Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Sonwanes Nidhi Limited | ₹1.64 Lakh (FY 2021) | -74.0% | Mumbai, Maharashtra, India | |||
| NVR Infra Private Limited | ₹1.64 Lakh (FY 2019) | 138.0% | Hyderabad, Telangana, India | |||
| Amiraj Nidhi Limited | ₹1.64 Lakh (FY 2025) | -77.0% | Varanasi, Uttar Pradesh, India | |||
| Vindhyavashni Micro Credit | ₹1.64 Lakh (FY 2023) | -24.0% | Lucknow, Uttar Pradesh, India | |||
| Swarnarathnam Chits Private Limitedthis company | ₹1.63 Lakh (FY 2023) | -₹1.79 Lakh | -109.6% | -64.0% | Nagapattinam, Tamil Nadu, India | |
| Ankleshwar Money Changer Private Limited | ₹1.63 Lakh (FY 2025) | -99.0% | Ankleshwar, Gujarat, India | |||
| Pulippunam Nidhi Limited | ₹1.63 Lakh (FY 2024) | -78.0% | Kattathurai, Tamil Nadu, India | |||
| Zuess Consultancy Private Limited | ₹1.63 Lakh (FY 2025) | 19.0% | Cuttack, Odisha, India | |||
| Pycentre Nidhi Limited | ₹1.63 Lakh (FY 2020) | -21.0% | Jaipur, Rajasthan, India | |||
| Finnovative Investments & Imf Private Limited | ₹1.63 Lakh (FY 2024) | -71.0% | Mohali, Chandigarh, India |
To see the full peer comparison of Swarnarathnam Chits Private Limited, buy the company report.
Auditor
Swarnarathnam Chits Private Limited is audited by VARADARAJAN & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VARADARAJAN & CO. | FY 2017 | 04515S |
Shareholding
The shareholding of Swarnarathnam Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Swarnarathnam Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Swarnarathnam Chits 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 Swarnarathnam Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Swarnarathnam Chits has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AARCS9763J2ZI | Tamil Nadu | Active | 28 Dec 2017 |
To see the full GST registrations and return filing status of Swarnarathnam Chits Private Limited, buy the company report.
Recent activity
Swarnarathnam Chits Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Muthuvel Gokulakrishnan ceased to be Additional Director on 23 Nov 2013.
Frequently asked questions
Swarnarathnam Chits is an active private limited company based in Nagapattinam, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 24 May 2012 (14+ years old) and is registered under CIN U65999TN2012PTC086037.
Swarnarathnam Chits has 3 current directors:
- Rethinasabapathynadar Nithyanandam - Director
- Muthuvel Gokulakrishnan - Director
- Rethinapandian - Director
The latest financial statements of Swarnarathnam Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Swarnarathnam Chits is 33AARCS9763J2ZI, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Swarnarathnam Chits is U65999TN2012PTC086037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swarnarathnam Chits was incorporated on 24 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Swarnarathnam Chits by revenue are Sonwanes Nidhi Limited, NVR Infra Private Limited, Amiraj Nidhi Limited, Vindhyavashni Micro Credit, Ankleshwar Money Changer Private Limited and 4 more, all in the same principal business activity (other financial activities).
Muthuvel Gokulakrishnan ceased to be Additional Director on 23 Nov 2013. Muthuvel Gokulakrishnan was appointed as Director on 25 May 2012. Rethinapandian was appointed as Director on 24 May 2012. Swarnarathnam Chits has 4 board changes on record in total.
The registered office of Swarnarathnam Chits is at No.12 1st Floor, Nadar Street Velipalayam, Nagapattinam, Tamil Nadu, India – 611001.
Swarnarathnam Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Swarnarathnam Chits is compliant as of 20 July 2026. The company is actively filing with the Registrar of Companies.
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