Velubalamurugan Chits Private Limited
About Velubalamurugan Chits Private Limited
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Velubalamurugan Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 18 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67100KA2018PTC119574. Its GSTIN is 29AAGCV7226A1ZD (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ramaswamy Palani and Srinivasan Palani.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.88 Lakh. For the same year it recorded a net loss of ₹21.35 Lakh and EBITDA of -₹2.2 Lakh (EBITDA margin -76.4%).
Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Company details
Contact details
Velubalamurugan Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 113 1st Floor A – Block Mehta Jewellers Building Magadi Main Ro, Ad, Bangalore, Karnataka, India – 560023
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Velubalamurugan 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
Financials of Velubalamurugan Chits Private Limited
FY 2022 filings availableVelubalamurugan Chits Private Limited reported revenue of ₹2.88 Lakh for FY 2022.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹2.2 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹21.35 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | ||||
| EBITDA Margin | -76.4% | |||
| Net Profit Margin | ||||
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| Return on Capital Employed (ROCE) | ||||
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To see the full financial statements and ratios of Velubalamurugan Chits Private Limited, buy the company report.
Board of directors of Velubalamurugan Chits Private Limited
Velubalamurugan Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaswamy Palani | Director | 18 Dec 2018 | 7 Years 10 Months | Current |
| Srinivasan Palani | Director | 18 Dec 2018 | 7 Years 10 Months | Current |
Legal cases
Velubalamurugan Chits Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Velubalamurugan Chits 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 Velubalamurugan Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velubalamurugan Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCV7226A1ZD | Karnataka | Active | 03 Apr 2021 |
To see the full GST registrations and return filing status of Velubalamurugan Chits Private Limited, buy the company report.
Recent activity
Velubalamurugan Chits Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Ramaswamy Palani was appointed as Director on 18 Dec 2018.
Frequently asked questions
Velubalamurugan Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 18 December 2018 (8+ years old) and is registered under CIN U67100KA2018PTC119574.
Velubalamurugan Chits has 2 current directors:
- Ramaswamy Palani - Director
- Srinivasan Palani - Director
The latest financial statements of Velubalamurugan Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Velubalamurugan Chits is 29AAGCV7226A1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Velubalamurugan Chits is U67100KA2018PTC119574. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velubalamurugan Chits has 2 court cases on record: 2 filed against it. 1 is pending.
Velubalamurugan Chits was incorporated on 18 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Ramaswamy Palani was appointed as Director on 18 Dec 2018. Srinivasan Palani was appointed as Director on 18 Dec 2018.
The registered office of Velubalamurugan Chits is at No. 113 1st Floor A – Block Mehta Jewellers Building Magadi Main Ro, Ad, Bangalore, Karnataka, India – 560023.
Velubalamurugan Chits operates in the financial services industry, in the auxiliary to financial intermediatory segment.
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