Tarakachandra Chits Private Limited
About Tarakachandra Chits Private Limited
Data last updated:
Tarakachandra Chits Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the fund management segment of the financial services sector. It was incorporated on 28 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP2014PTC093853.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Adireddi Kanna Babu and Sanyasi Naidu Komineni.
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 D.No.601/B Kasipuram Devarapalli, Visakhapatnam, Andhra Pradesh, India – 531030.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.44 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹89,889 (net margin 12.1%) and EBITDA of ₹1.35 Lakh (EBITDA margin 18.2%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 16% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressD.No.601/B Kasipuram Devarapalli, Visakhapatnam, Andhra Pradesh, India – 531030
- IndustryFinancial Services, Fund Management
- 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
- One PDF report, delivered after checkout
Business Activity of Tarakachandra Chits Private Limited
The main business activity of Tarakachandra Chits is financial and insurance service. In detail, this covers fund management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Tarakachandra Chits Private Limited FY 2023 filings available
Tarakachandra Chits Private Limited reported revenue of ₹7.44 Lakh (down 26% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Tarakachandra Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 26% fall in the latest year. EBITDA fell 25% 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 of Tarakachandra Chits Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹1.35 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹89,889 | •••• | •••• | •••• | •••• |
| 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 of Tarakachandra Chits Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 12.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Tarakachandra Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Tarakachandra Chits Private Limited
Tarakachandra Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Fund Management Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Purasai Sree-Abirami Chit Fund Private Limited | ₹7.81 Lakh (FY 2022) | •••• | •••• | -61.0% | •••• | Chennai, Tamil Nadu, India |
| Shakambari Insta Collection Private Limited | ₹7.65 Lakh (FY 2019) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Mmerchant & Squire Trade and Investment Private Limited | ₹7.6 Lakh (FY 2017) | •••• | •••• | 12.0% | •••• | Delhi, India |
| Parpal Nidhi Limited | ₹7.55 Lakh (FY 2021) | •••• | •••• | 113.0% | •••• | Mumbai, Maharashtra, India |
| Aasman Financial Services Private Limited | ₹7.45 Lakh (FY 2025) | •••• | •••• | 1390.0% | •••• | Chennai, Tamil Nadu, India |
| Tarakachandra Chits Private Limited this company | ₹7.44 Lakh (FY 2023) | •••• | •••• | -26.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| PVS Depository Services Private Limited | ₹7.36 Lakh (FY 2016) | •••• | •••• | 2842.0% | •••• | New Delhi, Delhi, India |
| Dwaram Chits Private Limited | ₹7.06 Lakh (FY 2025) | •••• | •••• | 7.0% | •••• | Medak, Telangana, India |
| Ventureast Trustee Company Private Limited | ₹6.99 Lakh (FY 2024) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Venkatesh Chit Funds (Chandrapur) Private Limited | ₹6.95 Lakh (FY 2024) | •••• | •••• | -7.0% | •••• | Gadchandur, Maharashtra, India |
| Srijanshrawasti India Nidhi Limited | ₹6.9 Lakh (FY 2021) | •••• | •••• | 81.0% | •••• | Shrawasti, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Tarakachandra Chits by revenue in the same principal business activity (Fund Management Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Tarakachandra Chits Private Limited
Tarakachandra Chits Private Limited is audited by VELUGULA ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VELUGULA ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Tarakachandra Chits Private Limited
Tarakachandra Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adireddi Kanna Babu | Director | 28 Mar 2014 | 12 Years 6 Months | Current |
| Sanyasi Naidu Komineni | Director | 28 Mar 2014 | 12 Years 6 Months | Current |
Ownership and Shareholding of Tarakachandra Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Tarakachandra Chits Private Limited
Tarakachandra Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Tarakachandra Chits Private Limited
Employment history and EPFO contributions of people linked to Tarakachandra Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Tarakachandra Chits Private Limited
Tarakachandra Chits Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Adireddi Kanna Babu was appointed as Director on 28 Mar 2014.
Credit Ratings, Litigation & Regulatory Alerts for Tarakachandra Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Tarakachandra Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Tarakachandra Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Tarakachandra Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Tarakachandra Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Tarakachandra Chits Private Limited
Tarakachandra Chits is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in fund management, within the financial services industry. It was incorporated on 28 March 2014 (12+ years old) and is registered under CIN U65992AP2014PTC093853.
Tarakachandra Chits reported revenue of ₹7.44 Lakh for FY 2023 (down 26% YoY).
Tarakachandra Chits has 2 current directors:
- Adireddi Kanna Babu - Director
- Sanyasi Naidu Komineni - Director
Tarakachandra Chits reported a net profit of ₹89,889 (net margin 12.1%) and EBITDA of ₹1.35 Lakh (EBITDA margin 18.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Tarakachandra Chits is -27% over three years and -16% over five years. In the latest year (FY 2023) revenue fell 26%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Tarakachandra Chits is U65992AP2014PTC093853. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tarakachandra Chits was incorporated on 28 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Tarakachandra Chits by revenue are Purasai Sree-Abirami Chit Fund Private Limited, Shakambari Insta Collection Private Limited, Mmerchant & Squire Trade and Investment Private Limited, Parpal Nidhi Limited, Aasman Financial Services Private Limited and 5 more, all in the same principal business activity (Fund Management Services).
Adireddi Kanna Babu was appointed as Director on 28 Mar 2014. Sanyasi Naidu Komineni was appointed as Director on 28 Mar 2014.
The registered office of Tarakachandra Chits is at D.No.601B Kasipuram Devarapalli, Visakhapatnam, Andhra Pradesh, India – 531030.
Tarakachandra Chits has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh.