MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-KR-03-0237590
Syon Chit Fund Private Limited - financial services in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2023
₹1.02 Cr
▲ 94% YoY
Net loss · FY 2023
₹31.95 Lakh
Net margin -31.3%
EBITDA · FY 2023
-₹27.81 Lakh
EBITDA margin -27.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
15
Provident fund records
Directors on board
2
As per MCA filings
About Syon Chit Fund Private Limited
Data last updated:
Syon Chit Fund Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 02 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2020PTC133137. Its GSTIN is 29ABDCS5195H1ZV (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dhanush Narayana and Reena Kumar.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. 27 27th A Cross Yediyur, Bangalore, Karnataka, India – 560070.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.02 Cr, a growth of 94% compared to the previous year. For the same year it recorded a net loss of ₹31.95 Lakh (net margin -31.3%) and EBITDA of -₹27.81 Lakh (EBITDA margin -27.3%).
The company has about 15 employees on its provident fund (EPFO) records.
Court records list 174 cases involving the company, including 160 filed by the company and 14 filed against it; 73 cases are pending.
Syon Chit Fund Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0237590). For more details, the company can be reached via its website syonchit.com.
Company details
CIN U65992KA2020PTC133137
Registration Number 133137
Incorporation Date 02 March 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2023
Date of Balance Sheet 31 March 2023
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0237590
Key People
Dhanush Narayana Director Reena Kumar Director Recognitions & Rankings of Syon Chit Fund
Contact details
Syon Chit Fund Private Limited's registered office is in Bangalore, Karnataka.
- Registered AddressNo. 27 27th A Cross Yediyur, Bangalore, Karnataka, India – 560070
- IndustryFinancial Services, Microfinance Institutions
Comprehensive company report
Syon Chit Fund Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Syon Chit Fund 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 Syon Chit Fund Private Limited, buy the company report.
Financials of Syon Chit Fund Private Limited
FY 2023 filings availableSyon Chit Fund Private Limited reported revenue of ₹1.02 Cr (up 94% YoY) for FY 2023.
Revenue · FY 2023
₹1.02 Cr ▲ 94%
Net loss · FY 2023
₹31.95 Lakh margin -31.3%
EBITDA · FY 2023
-₹27.81 Lakh margin -27.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 94%
EBITDA CAGR growth
1 year
▲ 50%
Revenue rose 94% in the latest year. EBITDA rose 50% in the latest 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 |
|---|---|---|---|---|
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| Revenue from Operations | ||||
| Other Income | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | -₹27.81 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹31.95 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -27.3% | |||
| Net Profit Margin | -31.3% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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To see the full financial statements and ratios of Syon Chit Fund Private Limited, buy the company report.
Board of directors of Syon Chit Fund Private Limited
Syon Chit Fund has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanush Narayana Also directs: Youx Design Tech Private Limited | Director | 02 Mar 2020 | 6 Years 7 Months | Current |
| Reena Kumar | Director | 14 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Syon Chit Fund Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Kadampanad Nidhi Limited | ₹1.03 Cr (FY 2025) | 18.0% | Kadambanad, Kerala, India | |||
| V.V.T Chit Funds Private Limited | ₹1.03 Cr (FY 2025) | 1.0% | Tirupur, Tamil Nadu, India | |||
| Labhanshi Nidhi Limited | ₹1.02 Cr (FY 2023) | -3.0% | Bhopal, Madhya Pradesh, India | |||
| Hima Chit Fund Private Limited | ₹1.02 Cr (FY 2024) | -7.0% | Hanamkonda, Telangana, India | |||
| Koliakode Nidhi Limited | ₹1.02 Cr (FY 2025) | 16.0% | Thiruvananthapuram, Kerala, India | |||
| Syon Chit Fund Private Limitedthis company | ₹1.02 Cr (FY 2023) | -₹31.95 Lakh | -31.3% | 94.0% | Bangalore, Karnataka, India | |
| Thiru-Kochi Grameen Nidhi Limited | ₹1.01 Cr (FY 2024) | 111.0% | Chengannur, Kerala, India | |||
| Varadayani Chit Fund Private Limited | ₹1 Cr (FY 2024) | 18.0% | Hyderabad, Telangana, India | |||
| Vasireddy Chits Private Limited | ₹1 Cr (FY 2025) | 8.0% | Paloncha, Telangana, India |
To see the full peer comparison of Syon Chit Fund Private Limited, buy the company report.
Legal cases
Syon Chit Fund Private Limited has 174 court cases on record: 160 filed by Syon Chit Fund, 14 filed against it. 73 cases are pending and 101 are disposed.
Total cases
174
Filed by the company
160
Filed against the company
14
Pending
73
Disposed
101
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 169 | 14 | 72 |
| High courts | 5 | 0 | 1 |
Cases on record (5 of 174)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Bennett Coleman and Co Ltd and 8 others | Pending |
| District court, MYSURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, RAMANAGARA, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BALLARI, Karnataka | Court case (Ex.C) | Filed by the company against an individual | Pending |
To see the full case history of Syon Chit Fund 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 Syon Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Syon Chit Fund has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABDCS5195H1ZV | Karnataka | Active | 02 Jun 2020 |
To see the full GST registrations and return filing status of Syon Chit Fund Private Limited, buy the company report.
Recent activity
Syon Chit Fund Private Limited has 5 board changes on record since 2020: 2 appointments and 3 cessations. The latest: Reena Kumar ceased to be Additional Director on 28 Sep 2022.
AGM
Syon Chit Fund Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
Filing
Syon Chit Fund Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Ceased
Reena Kumar ceased to be Additional Director.
Appointed
Reena Kumar was appointed as Director.
Ceased
Sunil More Shivaji Rao ceased to be Director.
Ceased
Rvsn Ane Ram Teja Arigela ceased to be Director.
Appointed
Dhanush Narayana was appointed as Director.
Incorporation
02 Mar 2020
Syon Chit Fund Private Limited was registered on 02 Mar 2020 with Roc Bangalore & aged 6 years 7 months as per MCA records.
Frequently asked questions
Syon Chit Fund is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 02 March 2020 (6+ years old) and is registered under CIN U65992KA2020PTC133137.
Syon Chit Fund has 2 current directors:
- Dhanush Narayana - Director
- Reena Kumar - Director
The latest financial statements of Syon Chit Fund on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Syon Chit Fund is 29ABDCS5195H1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Syon Chit Fund is U65992KA2020PTC133137. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syon Chit Fund has 174 court cases on record: 160 filed by the company and 14 filed against it. 73 are pending. Most are in the district courts.
Syon Chit Fund was incorporated on 02 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Syon Chit Fund by revenue are Kadampanad Nidhi Limited, V.V.T Chit Funds Private Limited, Labhanshi Nidhi Limited, Hima Chit Fund Private Limited, Koliakode Nidhi Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Reena Kumar ceased to be Additional Director on 28 Sep 2022. Reena Kumar was appointed as Director on 14 Mar 2022. Sunil More Shivaji Rao ceased to be Director on 23 Feb 2022. Syon Chit Fund has 5 board changes on record in total.
Yes, Syon Chit Fund is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0237590).
Syon Chit Fund can be reached through the website syonchit.com. Its registered office is in Bangalore, Karnataka, India.