About Wealth Plus Chits Private Limited
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Wealth Plus Chits Private Limited is a private limited company based in Malappuram, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 05 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2010PTC026495. Its GSTIN is 32AABCW3223D1ZZ (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.61 Lakh. It is led by directors including Choorakunnansubrahmanyan (Managing Director) and Mohammed Ashraf Kuttippurath Chali.
Its last annual general meeting (AGM) was held on 28 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Malappuram, Kerala.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.87 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹50,037 (net margin 1.2%) and EBITDA of ₹1.59 Lakh (EBITDA margin 3.8%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.
Court records list 51 cases involving the company, including 49 filed by the company and 2 filed against it; 18 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wealthpluschits.com.
Company details
Contact details
Wealth Plus Chits Private Limited's registered office is in Malappuram, Kerala. Its website is wealthpluschits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address16/298 Kunnummel Tower Near Sub Treasury Building Manjeri Road, Wandoor, Malappuram, Kerala, India – 679328
- IndustryFinancial Services, Financial Activities
To see the full contact details of Wealth Plus 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
Business activity
The main business activity of Wealth Plus Chits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Wealth Plus Chits Private Limited, buy the company report.
Financials of Wealth Plus Chits Private Limited
FY 2025 filings availableWealth Plus Chits Private Limited reported revenue of ₹41.87 Lakh (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 5% fall in the latest year. EBITDA fell 23% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.59 Lakh | ||||
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| Net Profit (PAT) | ₹50,037 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.8% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Wealth Plus Chits Private Limited, buy the company report.
Board of directors of Wealth Plus Chits Private Limited
Wealth Plus Chits has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Choorakunnansubrahmanyan Also directs: Kausthubham Nidhi Limited | Managing Director | 05 Aug 2010 | 16 Years 2 Months | Current |
| Mohammed Ashraf Kuttippurath Chali | Director | 05 Aug 2010 | 16 Years 2 Months | Current |
| Viswanathan Choorappara Also directs: Virginoplast Ventures LLP, Kausthubham Nidhi Limited | Director | 05 Aug 2010 | 16 Years 2 Months | Current |
| Akshay Subran Choorakunnan | Director | 09 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Wealth Plus Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Pee Cee Merchants & Credits Pvt. Ltd. | ₹41.98 Lakh (FY 2025) | 7.0% | Kolkata, West Bengal, India | |||
| Autotrac Finance Limited | ₹41.97 Lakh (FY 2019) | 226.0% | Delhi, India | |||
| BPS Holdings Private Limited | ₹41.95 Lakh (FY 2025) | 649.0% | New Delhi, Delhi, India | |||
| Kumari Dhana Sakthi Nidhi Limited | ₹41.94 Lakh (FY 2024) | 65.0% | Villukuri, Tamil Nadu, India | |||
| Advaita Trading Private Limited | ₹41.91 Lakh (FY 2025) | -76.0% | Mumbai, Maharashtra, India | |||
| Wealth Plus Chits Private Limitedthis company | ₹41.87 Lakh (FY 2025) | ₹50,037 | 1.2% | -5.0% | Malappuram, Kerala, India | |
| Nova Satus Investment and Consulting Private Limited | ₹41.85 Lakh (FY 2025) | 552.0% | Gurgaon, Haryana, India | |||
| Roonwal Investments Private Limited | ₹41.84 Lakh (FY 2024) | -15.0% | Chennai, Tamil Nadu, India | |||
| Prabha Chits Private Limited | ₹41.84 Lakh (FY 2025) | 20.0% | Kanyakumari D.T, Tamil Nadu, India | |||
| Hypercept Ventures (India) Private Limited | ₹41.84 Lakh (FY 2025) | -13.0% | Mumbai, Maharashtra, India | |||
| Mansapuran Nidhi Limited | ₹41.81 Lakh (FY 2024) | 2.0% | Udaipor, Rajasthan, India |
To see the full peer comparison of Wealth Plus Chits Private Limited, buy the company report.
Auditor
Wealth Plus Chits Private Limited is audited by AJITH KAIMAL R & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AJITH KAIMAL R & ASSOCIATES | FY 2017 | 014157S |
Shareholding
The shareholding of Wealth Plus Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Wealth Plus Chits Private Limited, buy the company report.
Legal cases
Wealth Plus Chits Private Limited has 51 court cases on record: 49 filed by Wealth Plus Chits, 2 filed against it. 18 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 1 | 18 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Malappuram, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Malappuram, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Malappuram, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Malappuram, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Malappuram, Kerala | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Wealth Plus 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 Wealth Plus Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wealth Plus Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCW3223D1ZZ | Kerala | Active | 08 Jun 2019 |
To see the full GST registrations and return filing status of Wealth Plus Chits Private Limited, buy the company report.
Recent activity
Wealth Plus Chits Private Limited has 6 board changes on record since 2010: 4 appointments and 2 cessations. The latest: Abhijith Parambilthodika ceased to be Director on 13 Jun 2023.
Frequently asked questions
Wealth Plus Chits is an active private limited company based in Malappuram, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 05 August 2010 (16+ years old) and is registered under CIN U65992KL2010PTC026495.
Wealth Plus Chits has 4 current directors:
- Choorakunnansubrahmanyan - Managing Director
- Mohammed Ashraf Kuttippurath Chali - Director
- Viswanathan Choorappara - Director
- Akshay Subran Choorakunnan - Director
The latest financial statements of Wealth Plus Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Wealth Plus Chits is 32AABCW3223D1ZZ, registered in Kerala.
The CIN (Corporate Identification Number) of Wealth Plus Chits is U65992KL2010PTC026495. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wealth Plus Chits has 51 court cases on record: 49 filed by the company and 2 filed against it. 18 are pending. Most are in the district courts.
Wealth Plus Chits was incorporated on 05 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Wealth Plus Chits by revenue are Pee Cee Merchants & Credits Pvt. Ltd, Autotrac Finance Limited, BPS Holdings Private Limited, Kumari Dhana Sakthi Nidhi Limited, Advaita Trading Private Limited and 5 more, all in the same principal business activity (other financial activities).
Abhijith Parambilthodika ceased to be Director on 13 Jun 2023. Prajith Choorakkunnan ceased to be Director on 15 Apr 2023. Akshay Subran Choorakunnan was appointed as Director on 09 Jun 2020. Wealth Plus Chits has 6 board changes on record in total.
Wealth Plus Chits can be reached through the website wealthpluschits.com. Its registered office is in Malappuram, Kerala, India.
The registered office of Wealth Plus Chits is at 16298 Kunnummel Tower Near Sub Treasury Building Manjeri Road, Wandoor, Malappuram, Kerala, India – 679328.