Velavan Chit Funds Private Limited
About Velavan Chit Funds Private Limited
Data last updated:
Velavan Chit Funds Private Limited was a private limited company based in Chennai, Tamil Nadu, 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 financial services and investment segment of the financial services sector. It was incorporated on 22 September 2010.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2010PTC077439. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹7 Lakh and a paid-up capital of ₹7 Lakh. It was led by directors including Sivagami and Vairavan Palaniappan.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at No.19 Malayaperumal Street 1st Floor Parrys, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2015, the company reported a revenue of ₹48.71 Lakh, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹1.65 Lakh (net margin 3.4%) and EBITDA of ₹3.33 Lakh (EBITDA margin 6.8%).
Court records list 3 cases involving the company, including 3 filed by the company; 3 cases are pending.
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- Registered AddressNo.19 Malayaperumal Street 1st Floor Parrys, Chennai, Tamil Nadu, India – 600001
- IndustryFinancial Services, Financial Activities
- 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 Velavan Chit Funds Private Limited
The main business activity of Velavan 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 Velavan Chit Funds Private Limited FY 2015 filings available
Velavan Chit Funds Private Limited reported revenue of ₹48.71 Lakh (up 60% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR) of Velavan Chit Funds Private Limited
Revenue rose 60% in the latest year. EBITDA rose 56% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Velavan Chit Funds Private Limited
| Metrics | 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 | ₹3.33 Lakh |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | ₹1.65 Lakh |
| 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 Velavan Chit Funds Private Limited
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 6.8% |
| Net Profit Margin | 3.4% |
| 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 Velavan 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 Velavan Chit Funds Private Limited
Velavan Chit Funds has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sivagami | Director | 06 Jan 2014 | 12 Years 9 Months | As last reported |
| Vairavan Palaniappan | Director | 22 Sep 2010 | 16 Years 0 Months | As last reported |
| Ramanathan Muthaiah Also directs: Muthiah Chit Funds Private Limited | Director | 22 Sep 2010 | 16 Years 0 Months | As last reported |
Peer Comparison of Velavan Chit Funds Private Limited
Velavan Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sai Maruti Chit Funds Hyderabad Private Limited | ₹49.82 Lakh (FY 2024) | •••• | •••• | -4.0% | •••• | Hyderabad, Telangana, India |
| Keelaeral Sri Kamatchi Chit Funds Private Limited | ₹49.59 Lakh (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Sreemathy Chit Funds Private Limited | ₹49 Lakh (FY 2024) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
| Ganti Chit Funds Pvt.Ltd. | ₹48.95 Lakh (FY 2024) | •••• | •••• | -4.0% | •••• | Telangana, India |
| Dhananandini Chit Funds Private Limited | ₹48.83 Lakh (FY 2021) | •••• | •••• | -1.0% | •••• | Hanamkonda, Telangana, India |
| Velavan Chit Funds Private Limited this company | ₹48.71 Lakh (FY 2015) | •••• | •••• | 60.0% | •••• | Chennai, Tamil Nadu, India |
| Karur Ashok Chit Funds (Tamilnadu) Private Limited | ₹48.5 Lakh (FY 2025) | •••• | •••• | -8.0% | •••• | Karur, Tamil Nadu, India |
| Nandri Sai Chit Funds Private Limited | ₹48.21 Lakh (FY 2024) | •••• | •••• | 23.0% | •••• | Salem, Tamil Nadu, India |
| Kallai Sri Vaishnavi Chit Funds Private Limited | ₹47.8 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Tamil Nadu, India |
| Ramnad Sri Raja Rajeswari Chit Funds Private Limited | ₹47.35 Lakh (FY 2019) | •••• | •••• | 28.0% | •••• | Ramanathapuram, Tamil Nadu, India |
| Showrya Chit Funds Private Limited | ₹47.04 Lakh (FY 2024) | •••• | •••• | 4.0% | •••• | Narayanpet, Telangana, India |
Peers are the five companies nearest above and the five nearest below Velavan Chit Funds by revenue in the BFSI industry (Chit Funds), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Velavan Chit Funds Private Limited
Velavan Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Velavan Chit Funds Private Limited
Velavan Chit Funds Private Limited has 3 court cases on record: 3 filed by Velavan Chit Funds. All cases are pending. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 3 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thoothukudi, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Thoothukudi, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| District court, Thoothukudi, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Velavan Chit Funds Private Limited
Employment history and EPFO contributions of people linked to Velavan 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 Velavan Chit Funds Private Limited
Velavan Chit Funds Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Sivagami was appointed as Director on 06 Jan 2014.
Credit Ratings, Litigation & Regulatory Alerts for Velavan 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 Velavan 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 Velavan 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 Velavan Chit Funds Private Limited
Velavan Chit Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Velavan 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 Velavan Chit Funds Private Limited
Velavan 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.
Velavan Chit Funds was a private limited company based in Chennai, Tamil Nadu, India. The company worked in financial activities, within the financial services industry. It was incorporated on 22 September 2010 and is registered under CIN U65992TN2010PTC077439. The company has been struck off by the Registrar of Companies and is no longer operational.
Velavan Chit Funds had 3 directors:
- Sivagami - Director
- Vairavan Palaniappan - Director
- Ramanathan Muthaiah - Director
The CIN (Corporate Identification Number) of Velavan Chit Funds is U65992TN2010PTC077439. 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 Velavan Chit Funds is at No.19 Malayaperumal Street 1st Floor Parrys, Chennai, Tamil Nadu, India – 600001.
Velavan Chit Funds was incorporated on 22 September 2010. It is registered with the Registrar of Companies, Chennai.
Velavan Chit Funds reported revenue of ₹48.71 Lakh for FY 2015 (up 60% YoY).
Velavan Chit Funds has an authorised share capital of ₹7 Lakh and a paid-up capital of ₹7 Lakh.
Velavan Chit Funds reported a net profit of ₹1.65 Lakh (net margin 3.4%) and EBITDA of ₹3.33 Lakh (EBITDA margin 6.8%) for FY 2015, as per its filed financial statements.
No. Velavan Chit Funds has 1 GST registration on record and it is cancelled or inactive.
Velavan Chit Funds operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.