Varahala Chit Funds Private Limited
About Varahala Chit Funds Private Limited
Data last updated:
Varahala Chit Funds Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the microfinance institutions segment of the financial services sector. It was incorporated on 12 October 2000.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2000PTC035452.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Nandigala Rama Subba Reddy and Venkata Lakshmi Nandigala.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Plot No.275 276 &277S.No170 /Part Dhoolapally Adj Ida Jeedimetla, Hyderabad, Telangana, India – 500055.
As per the financials filed for FY 2019, the company reported a revenue of ₹66,430, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹761 (net margin -1.1%) and EBITDA of -₹761 (EBITDA margin -1.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
CIN History of Varahala Chit Funds Private Limited
Varahala Chit Funds has one previous CIN (Corporate Identification Number): U65992AP2000PTC035452. The current CIN is U65992TG2000PTC035452, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG2000PTC035452 | Current |
| U65992AP2000PTC035452 | Previous |
- EmailLocked
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- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No.275 276 &277S.No170 /Part Dhoolapally Adj Ida Jeedimetla, Hyderabad, Telangana, India – 500055
- IndustryFinancial Services, Microfinance Institutions
- 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 Varahala Chit Funds Private Limited
The main business activity of Varahala Chit Funds is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | 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 Varahala Chit Funds Private Limited FY 2020 filings available
Varahala Chit Funds Private Limited reported revenue of ₹66,430 (up 274% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Varahala Chit Funds Private Limited
Revenue rose 274% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 97% 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 Varahala Chit Funds Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 | -₹761 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹761 | •••• | •••• | •••• | •••• |
| 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 Varahala Chit Funds Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.1% | •••• | •••• | •••• | •••• |
| 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 Varahala Chit Funds 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.
Board of Directors of Varahala Chit Funds Private Limited
Varahala Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nandigala Rama Subba Reddy | Director | 12 Oct 2000 | 26 Years 0 Months | As last reported |
| Venkata Lakshmi Nandigala Also directs: Vestro Solvents Private Limited | Director | 12 Oct 2000 | 26 Years 0 Months | As last reported |
Peer Comparison of Varahala Chit Funds Private Limited
Varahala Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds, Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ayushdhan Micro Finance Foundation | ₹68,673 (FY 2018) | •••• | •••• | 109.0% | •••• | Lucknow, Uttar Pradesh, India |
| Puliyanath Chits Private Limited | ₹68,500 (FY 2025) | •••• | •••• | 1.0% | •••• | Kochi, Kerala, India |
| Niyati Nidhi Limited | ₹68,332 (FY 2020) | •••• | •••• | •••• | Palanpur, Gujarat, India | |
| R.J.R. Chit Funds Private Limited | ₹67,480 (FY 2025) | •••• | •••• | 59.0% | •••• | Chennai, Tamil Nadu, India |
| Shree Sonigara Finserv Private Limited | ₹66,437 (FY 2024) | •••• | •••• | -93.0% | •••• | Pune, Maharashtra, India |
| Varahala Chit Funds Private Limited this company | ₹66,430 (FY 2019) | •••• | •••• | 274.0% | •••• | Hyderabad, Telangana, India |
| Om Sri Senthilganesh Chits Private Limited | ₹66,225 (FY 2020) | •••• | •••• | -83.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Dudadhari Chits Private Ltd. | ₹66,172 (FY 2024) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Bharathamata Kuries and Loans Pvt Ltd | ₹65,798 (FY 2017) | •••• | •••• | -61.0% | •••• | Thrissur, Kerala, India |
| Shivkaal Bhairav Micro Foundation | ₹65,712 (FY 2021) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| RRR Chit Funds Private Limited | ₹65,639 (FY 2025) | •••• | •••• | -87.0% | •••• | Khammam, Telangana, India |
Peers are the five companies nearest above and the five nearest below Varahala Chit Funds by revenue in the BFSI industry (Chit Funds, Micro Finance), 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 Varahala Chit Funds Private Limited
Varahala Chit Funds Private Limited is audited by VAMSIKRUSHNA for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VAMSIKRUSHNA | 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.
Ownership and Shareholding of Varahala Chit Funds 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 Varahala Chit Funds Private Limited
Varahala Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Varahala Chit Funds Private Limited
Employment history and EPFO contributions of people linked to Varahala Chit Funds.
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 Varahala Chit Funds Private Limited
Varahala Chit Funds Private Limited has 2 board changes on record since 2000: 2 appointments. The latest: Nandigala Rama Subba Reddy was appointed as Director on 12 Oct 2000.
Credit Ratings, Litigation & Regulatory Alerts for Varahala Chit Funds 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 Varahala Chit Funds 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 Varahala Chit Funds 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 Varahala Chit Funds 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 Varahala Chit Funds 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 Varahala Chit Funds Private Limited
Varahala Chit Funds has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Varahala Chit Funds was a private limited company based in Hyderabad, Telangana, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 12 October 2000 and is registered under CIN U65992TG2000PTC035452. The company has been struck off by the Registrar of Companies and is no longer operational.
Varahala Chit Funds had 2 directors:
- Nandigala Rama Subba Reddy - Director
- Venkata Lakshmi Nandigala - Director
The CIN (Corporate Identification Number) of Varahala Chit Funds is U65992TG2000PTC035452. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Varahala Chit Funds is at Plot No.275 276 &277S.No170 Part Dhoolapally Adj Ida Jeedimetla, Hyderabad, Telangana, India – 500055.
Varahala Chit Funds was incorporated on 12 October 2000. It is registered with the Registrar of Companies, Hyderabad.
Varahala Chit Funds reported revenue of ₹66,430 for FY 2019 (up 274% YoY).
Varahala Chit Funds has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Varahala Chit Funds reported a net loss of ₹761 (net margin -1.1%) and EBITDA of -₹761 (EBITDA margin -1.1%) for FY 2019, as per its filed financial statements.
Varahala Chit Funds operated in the financial services industry, in the microfinance institutions segment. It worked in this industry before it was struck off.
The compounded annual growth rate (CAGR) of the revenue of Varahala Chit Funds is -10% over three years. In the latest year (FY 2019) revenue rose 274%. CAGR is the steady yearly rate that links the first and the last year.