Achayaa Chit India Private Limited
About Achayaa Chit India Private Limited
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Achayaa Chit India Private Limited is a private limited company based in Tirupur, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 15 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2009PTC015217. Its GSTIN is 33AAHCA8154D1ZX (Tamil Nadu).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹60.5 Lakh. It is led by directors Kannappan Selvam (Managing Director) and Selvam Saroja.
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 1D Murungapalayam South Merkala Thottam Gandhi Nagar Post, Tirupur, Tamil Nadu, India – 641603.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.54 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹3.3 Lakh (net margin -2.1%) and EBITDA of ₹32.84 Lakh (EBITDA margin 21.4%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹3.51 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Achayaa Chit India Private Limited's registered office is in Tirupur, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address1D Murungapalayam South Merkala Thottam Gandhi Nagar Post, Tirupur, Tamil Nadu, India – 641603
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Achayaa Chit 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 Achayaa Chit India is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Achayaa Chit India Private Limited, buy the company report.
Financials of Achayaa Chit India Private Limited
FY 2022 filings availableAchayaa Chit India Private Limited reported revenue of ₹1.54 Cr (up 5% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 5% growth in the latest year. EBITDA fell 29% 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 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.54 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹32.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.3 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.4% | ||||
| Net Profit Margin | -2.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Achayaa Chit India Private Limited, buy the company report.
Board of directors of Achayaa Chit India Private Limited
Achayaa Chit India 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 |
|---|---|---|---|---|
| Kannappan Selvam | Managing Director | 15 May 2009 | 17 Years 5 Months | Current |
| Selvam Saroja Also directs: S S Power Plant Private Limited | Director | 15 May 2009 | 17 Years 5 Months | Current |
Shareholding
The shareholding of Achayaa Chit India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Achayaa Chit India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2023 | 100709047 | City Union Bank Limited | ₹3 Cr | Open | |
| 22 Jan 2021 | 100410174 | Tamilnad Mercantile Bank Limited | ₹50.75 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Achayaa Chit India Private Limited has 3 court cases on record: 3 filed by Achayaa Chit India. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruppur, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Tiruppur, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Achayaa Chit 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 Achayaa Chit India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Achayaa Chit India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCA8154D1ZX | Tamil Nadu | Active | 16 Oct 2017 |
To see the full GST registrations and return filing status of Achayaa Chit India Private Limited, buy the company report.
Recent activity
Achayaa Chit India Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Kannappan Selvam ceased to be Director on 15 Jun 2009.
Frequently asked questions
Achayaa Chit India is an active private limited company based in Tirupur, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 15 May 2009 (17+ years old) and is registered under CIN U65992TZ2009PTC015217.
Achayaa Chit India has 2 current directors:
- Kannappan Selvam - Managing Director
- Selvam Saroja - Director
The latest financial statements of Achayaa Chit India 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 2015 are in the company report.
The GSTIN of Achayaa Chit India is 33AAHCA8154D1ZX, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Achayaa Chit India is U65992TZ2009PTC015217. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Achayaa Chit India has 3 court cases on record: 3 filed by the company.
Achayaa Chit India was incorporated on 15 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Coimbatore.
Kannappan Selvam ceased to be Director on 15 Jun 2009. Kannappan Selvam was appointed as Managing Director on 15 May 2009. Selvam Saroja was appointed as Director on 15 May 2009.
The registered office of Achayaa Chit India is at 1D Murungapalayam South Merkala Thottam Gandhi Nagar Post, Tirupur, Tamil Nadu, India – 641603.
Achayaa Chit India operates in the financial services industry, in the microfinance institutions segment.