Willway Chit Funds Private Limited
About Willway Chit Funds Private Limited
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Willway Chit Funds Private Limited is a private limited company based in Anantapur, Andhra Pradesh, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 24 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65929AP2018PTC108270.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Veluru Ashok and Jasthi Goutham.
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 F13/A3 D No. 7/330 Flat No. 103 1st Floor Lakshmi Gandi Kota, Anantapur, Andhra Pradesh, India – 515001.
As per the financials filed for FY 2022, the company reported a revenue of ₹83,977, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹3,763 (net margin -4.5%) and EBITDA of ₹8,474 (EBITDA margin 10.1%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years.
Company details
Contact details
Willway Chit Funds Private Limited's registered office is in Anantapur, Andhra Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressF13/A3 D No. 7/330 Flat No. 103 1st Floor Lakshmi Gandi Kota, Anantapur, Andhra Pradesh, India – 515001
- IndustryFinancial Services, Other Financial Intermediation, Credit Allocation Agencies, Pawn Shops
To see the full contact details of Willway Chit Funds 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 Willway Chit Funds Private Limited
FY 2022 filings availableWillway Chit Funds Private Limited reported revenue of ₹83,977 (down 63% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over three years, including a 63% fall in the latest year. EBITDA rose 111% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹8,474 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3,763 | |||
| 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 | 10.1% | |||
| Net Profit Margin | -4.5% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Willway Chit Funds Private Limited, buy the company report.
Board of directors of Willway Chit Funds Private Limited
Willway Chit Funds has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veluru Ashok | Director | 24 Apr 2018 | 8 Years 6 Months | Current |
| Jasthi Goutham | Director | 24 Apr 2018 | 8 Years 6 Months | Current |
| Nutalapati Praveen Kumar Also directs: Sandeep Epc Infra Private Limited | Director | 24 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
Willway Chit Funds Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Chit Funds), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajshri Ayswarya Lakshumi Chit Funds Private Limited | ₹87,524 (FY 2025) | -71.0% | Madurai, Tamil Nadu, India | |||
| Kalaivani Chit Funds Private Limited | ₹87,055 (FY 2024) | -82.0% | Coimbatore, Tamil Nadu, India | |||
| Karuvurar Chit Funds Private Limited | ₹86,365 (FY 2025) | 27.0% | Karur, Tamil Nadu, India | |||
| Sri Jeyabalan Chit Funds Private Limited | ₹86,100 (FY 2024) | -48.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Sri Veeralingeshwara Chit Funds Private Limited | ₹84,060 (FY 2022) | Hyderabad, Telangana, India | ||||
| Willway Chit Funds Private Limitedthis company | ₹83,977 (FY 2022) | -₹3,763 | -4.5% | -63.0% | Anantapur, Andhra Pradesh, India | |
| Erode Everest Chit Funds Private Limited | ₹82,337 (FY 2023) | -59.0% | Erode, Tamil Nadu, India | |||
| Sriadhira Chit Funds Private Limited | ₹80,541 (FY 2022) | Nizamabad, Telangana, India | ||||
| SS Singhaniya Chit Funds Private Limited | ₹80,000 (FY 2024) | 9.0% | Hyderabad, Telangana, India | |||
| Sri Hitha Chit Funds Private Limited | ₹79,706 (FY 2021) | -84.0% | Hyderabad, Telangana, India | |||
| Bhramastra Chit Funds Private Limited | ₹79,500 (FY 2025) | 509.0% | Jamkhandi, Karnataka, India |
To see the full peer comparison of Willway Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Willway Chit Funds 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 Willway Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Willway Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Willway Chit Funds Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Bhati Harish Kumar ceased to be Director on 24 Dec 2019.
Frequently asked questions
Willway Chit Funds is an active private limited company based in Anantapur, Andhra Pradesh, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 24 April 2018 (8+ years old) and is registered under CIN U65929AP2018PTC108270.
Willway Chit Funds has 3 current directors:
- Veluru Ashok - Director
- Jasthi Goutham - Director
- Nutalapati Praveen Kumar - Director
The latest financial statements of Willway Chit Funds 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 CIN (Corporate Identification Number) of Willway Chit Funds is U65929AP2018PTC108270. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Willway Chit Funds was incorporated on 24 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Willway Chit Funds by revenue are Rajshri Ayswarya Lakshumi Chit Funds Private Limited, Kalaivani Chit Funds Private Limited, Karuvurar Chit Funds Private Limited, Sri Jeyabalan Chit Funds Private Limited, Sri Veeralingeshwara Chit Funds Private Limited and 5 more, all in the BFSI industry (Chit Funds).
Bhati Harish Kumar ceased to be Director on 24 Dec 2019. Jasthi Goutham was appointed as Director on 24 Apr 2018. Nutalapati Praveen Kumar was appointed as Director on 24 Apr 2018. Willway Chit Funds has 4 board changes on record in total.
The registered office of Willway Chit Funds is at F13A3 D No. 7330 Flat No. 103 1st Floor Lakshmi Gandi Kota, Anantapur, Andhra Pradesh, India – 515001.
Willway Chit Funds operates in the financial services industry, in the other financial intermediation segment.
Willway Chit Funds can be reached at its registered office: F13A3 D No. 7330 Flat No. 103 1st Floor Lakshmi Gandi Kota, Anantapur, Andhra Pradesh, India – 515001.
Willway Chit Funds is registered under the jurisdiction of the Registrar of Companies (ROC), Vijayawada.
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