About Abana Chits India Private Limited
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Abana Chits India Private Limited is a private limited company based in Kannur, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 13 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2013PTC035655. Its GSTIN is 32AAMCA2991F1ZP (Kerala).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.24 Cr. It is led by directors including Pekkadamkuzhy Devasia Manual (Managing Director) and Justin Cherusseril Joseph (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Xiii/1613 – E – 20 Thavakkal Complex Main Road Iritty P.O, Kannur, Kerala, India – 670703.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.93 Lakh, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹2.53 Lakh (net margin 4.5%) and EBITDA of ₹5.5 Lakh (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 7% over five years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is 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 abanachits.com.
Company details
Contact details
Abana Chits India Private Limited's registered office is in Kannur, Kerala. Its website is abanachits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressXiii/1613 – E – 20 Thavakkal Complex Main Road Iritty P.O, Kannur, Kerala, India – 670703
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Abana Chits India 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 Abana Chits India 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 Abana Chits India Private Limited, buy the company report.
Financials of Abana Chits India Private Limited
FY 2025 filings availableAbana Chits India Private Limited reported revenue of ₹55.93 Lakh (up 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 22% growth in the latest year. EBITDA fell 15% 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 | ₹5.5 Lakh | ||||
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| Net Profit (PAT) | ₹2.53 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 9.8% | ||||
| Net Profit Margin | 4.5% | ||||
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To see the full financial statements and ratios of Abana Chits India Private Limited, buy the company report.
Board of directors of Abana Chits India Private Limited
Abana Chits India has 8 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Justin Cherusseril Joseph Also directs: Geerakassery Abana Nidhi Limited | Whole-Time Director | 07 Sep 2019 | 7 Years 1 Months | Current |
| Joseph Pekkadenkuzhiyil Lukose Also directs: Geerakassery Abana Nidhi Limited | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Lukka Ulhannan Geerakasserryil Also directs: Geerakassery Abana Nidhi Limited | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Saji Lukose Also directs: Geerakassery Abana Nidhi Limited | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Shain Irumbanath Tom Also directs: Geerakassery Abana Nidhi Limited | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Yohannan Ulahannan Also directs: Geerakassery Abana Nidhi Limited | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
Abana Chits India Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Venus Star Chit Private Limited | ₹56.46 Lakh (FY 2019) | -8.0% | Chengalpet, Tamil Nadu, India | |||
| Shree Vijaya Meenakshi Chits Private Limited | ₹56.45 Lakh (FY 2025) | 5.0% | Chennai, Tamil Nadu, India | |||
| Mulloor Chitty Funds Kochi Private Limited | ₹56.41 Lakh (FY 2025) | 14.0% | Kochi, Kerala, India | |||
| SGFS Chits Private Limited | ₹56.13 Lakh (FY 2023) | 143.0% | Kochi, Kerala, India | |||
| Maxcare Kuries India Private Limited | ₹56.07 Lakh (FY 2017) | -16.0% | Pune, Maharashtra, India | |||
| Abana Chits India Private Limitedthis company | ₹55.93 Lakh (FY 2025) | ₹2.53 Lakh | 4.5% | 22.0% | Kannur, Kerala, India | |
| Runtack Nidhi Limited | ₹55.64 Lakh (FY 2024) | 22.0% | Delhi, India | |||
| Purasaiwakkam Gangatheeshwarar Benefit Nidhi Limited | ₹55.62 Lakh (FY 2024) | -14.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Abana Chits India Private Limited, buy the company report.
Auditor
Abana Chits India Private Limited is audited by K K JOSE & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K JOSE & ASSOCIATES | FY 2018 | 007574S |
Shareholding
The shareholding of Abana Chits India Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Abana Chits India Private Limited, buy the company report.
Legal cases
Abana Chits India Private Limited has 1 court case on record: 1 filed by Abana Chits India. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kannur, Kerala | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Abana Chits India 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 Abana Chits India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Abana Chits India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAMCA2991F1ZP | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Abana Chits India Private Limited, buy the company report.
Recent activity
Abana Chits India Private Limited has 12 board changes on record since 2013: 10 appointments and 2 cessations. The latest: Joseph Joseph Pekkadenkuzhiyil ceased to be Whole-Time Director on 15 Oct 2021.
3 earlier events are in the company report.
Frequently asked questions
Abana Chits India is an active private limited company based in Kannur, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 13 December 2013 (13+ years old) and is registered under CIN U65992KL2013PTC035655.
Abana Chits India has 8 current directors:
- Pekkadamkuzhy Devasia Manual - Managing Director
- Justin Cherusseril Joseph - Whole-Time Director
- Mathukutty Thomas - Whole-Time Director
- Joseph Pekkadenkuzhiyil Lukose - Director
- Lukka Ulhannan Geerakasserryil - Director
- Saji Lukose - Director
- Shain Irumbanath Tom - Director
- Yohannan Ulahannan - Director
The latest financial statements of Abana Chits India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Abana Chits India is 32AAMCA2991F1ZP, registered in Kerala.
The CIN (Corporate Identification Number) of Abana Chits India is U65992KL2013PTC035655. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abana Chits India has 1 court case on record: 1 filed by the company. 1 is pending.
Abana Chits India was incorporated on 13 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Abana Chits India by revenue are Venus Star Chit Private Limited, Shree Vijaya Meenakshi Chits Private Limited, Mulloor Chitty Funds Kochi Private Limited, SGFS Chits Private Limited, Maxcare Kuries India Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Joseph Joseph Pekkadenkuzhiyil ceased to be Whole-Time Director on 15 Oct 2021. Joseph Joseph Pekkadenkuzhiyil was appointed as Whole-Time Director on 07 Sep 2019. Justin Cherusseril Joseph was appointed as Whole-Time Director on 07 Sep 2019. Abana Chits India has 12 board changes on record in total.
Abana Chits India can be reached through the website abanachits.com. Its registered office is in Kannur, Kerala, India.
The registered office of Abana Chits India is at Xiii1613 – E – 20 Thavakkal Complex Main Road Iritty P.O, Kannur, Kerala, India – 670703.
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