VK & F Chits Private Limited
About VK & F Chits Private Limited
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VK & F Chits Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 27 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2013PTC033408. Its GSTIN is 32AAECV4844N1ZZ (Kerala).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors Kuzhupilly Ouseph Varghese (Managing Director) and Kavitha Varghese (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ernakulam, Kerala.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.83 Lakh, a growth of 34% compared to the previous year. For the same year it recorded a net loss of ₹3.96 Lakh (net margin -36.6%) and EBITDA of -₹3.72 Lakh (EBITDA margin -34.4%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 27% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
VK & F Chits Private Limited's registered office is in Ernakulam, Kerala. Its e-mail address is in the company report.
- Email
- Registered Address10/727 – J 1st Floor Kavitha Shopping Complex Devasom Nada, Cherai, Ernakulam, Kerala, India – 683514
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of VK & F 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 VK & F Chits Private Limited
FY 2024 filings availableVK & F Chits Private Limited reported revenue of ₹10.83 Lakh (up 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 34% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 27%. EBITDA fell 103% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹3.72 Lakh | ||||
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| Net Profit (PAT) | -₹3.96 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -34.4% | ||||
| Net Profit Margin | -36.6% | ||||
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To see the full financial statements and ratios of VK & F Chits Private Limited, buy the company report.
Board of directors of VK & F Chits Private Limited
VK & F Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kuzhupilly Ouseph Varghese Also directs: Kavyam Properties Private Limited, Kavithafin Nidhi Limited, Freemen Investments Pvt Ltd and 1 more | Managing Director | 27 Feb 2013 | 13 Years 8 Months | Current |
| Kavitha Varghese | Whole-Time Director | 27 Feb 2013 | 13 Years 8 Months | Current |
Peer comparison
VK & F Chits Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Accurate Finvest Private Limited | ₹10.83 Lakh (FY 2024) | -15.0% | Lucknow, Uttar Pradesh, India | |||
| VK & F Chits Private Limitedthis company | ₹10.83 Lakh (FY 2024) | -₹3.96 Lakh | -36.6% | 34.0% | Ernakulam, Kerala, India | |
| Vagdevi Chit Funds Private Limited | ₹10.79 Lakh (FY 2025) | -33.0% | Bowenpally, Sec-Bad-11, Telangana, India | |||
| Infinity Microcredit Foundation | ₹10.79 Lakh (FY 2025) | -60.0% | Varanasi, Uttar Pradesh, India |
To see the full peer comparison of VK & F Chits Private Limited, buy the company report.
Auditor
VK & F Chits Private Limited is audited by BALAN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BALAN & CO | FY 2020 | 000340S |
Shareholding
The shareholding of VK & F Chits Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of VK & F Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving VK & F Chits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for VK & F Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
VK & F Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAECV4844N1ZZ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VK & F Chits Private Limited, buy the company report.
Recent activity
VK & F Chits Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Kavitha Varghese ceased to be Director on 01 Nov 2019.
Frequently asked questions
VK & F Chits is an active private limited company based in Ernakulam, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 27 February 2013 (13+ years old) and is registered under CIN U65992KL2013PTC033408.
VK & F Chits has 2 current directors:
- Kuzhupilly Ouseph Varghese - Managing Director
- Kavitha Varghese - Whole-Time Director
The latest financial statements of VK & F Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of VK & F Chits is 32AAECV4844N1ZZ, registered in Kerala.
The CIN (Corporate Identification Number) of VK & F Chits is U65992KL2013PTC033408. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VK & F Chits was incorporated on 27 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of VK & F Chits by revenue are Accurate Finvest Private Limited, Vagdevi Chit Funds Private Limited, Infinity Microcredit Foundation, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Kavitha Varghese ceased to be Director on 01 Nov 2019. Kavitha Varghese was appointed as Whole-Time Director on 27 Feb 2013. Kuzhupilly Ouseph Varghese was appointed as Managing Director on 27 Feb 2013.
The registered office of VK & F Chits is at 10727 – J 1st Floor Kavitha Shopping Complex Devasom Nada, Cherai, Ernakulam, Kerala, India – 683514.
VK & F Chits operates in the financial services industry, in the microfinance institutions segment.
The compliance status of VK & F Chits is compliant as of 08 September 2026. The company is actively filing with the Registrar of Companies.
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