MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-TN-02-0123344
Achilles Chit Fund Private Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹76.4 Lakh
▼ 31% YoY
Net loss · FY 2023
₹7,632
Net margin -0.1%
EBITDA · FY 2023
₹6.73 Lakh
EBITDA margin 8.8%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹11 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Achilles Chit Fund Private Limited
Data last updated:
Achilles Chit Fund Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 07 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U67190TN2019PTC126736. Its GSTIN is 33AARCA7564P1ZU (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors Kaspar Yuvaraj and Irudhayam Kaspar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at First Floor Door No. 7 Balavinayaga Nagar Arumbakkam, Chennai, Tamil Nadu, India – 600106.
As per the financials filed for FY 2023, the company reported a revenue of ₹76.4 Lakh, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹7,632 (net margin -0.1%) and EBITDA of ₹6.73 Lakh (EBITDA margin 8.8%). Revenue has grown at a compounded annual rate (CAGR) of 278% over three years.
Court records list 9 cases involving the company, including 9 filed against it; 5 cases are pending.
Achilles Chit Fund Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0123344). For more details, the company can be reached via its website achilleschitfund.com.
Company details
CIN U67190TN2019PTC126736
Registration Number 126736
Incorporation Date 07 January 2019
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0123344
Key People
Kaspar Yuvaraj Director Irudhayam Kaspar Director Recognitions & Rankings of Achilles Chit Fund
Contact details
Achilles Chit Fund Private Limited's registered office is in Chennai, Tamil Nadu. Its website is achilleschitfund.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFirst Floor Door No. 7 Balavinayaga Nagar Arumbakkam, Chennai, Tamil Nadu, India – 600106
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Achilles Chit Fund Private Limited, buy the company report.
Comprehensive company report
Achilles Chit Fund Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Achilles Chit Fund 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 Achilles Chit Fund Private Limited, buy the company report.
Financials of Achilles Chit Fund Private Limited
FY 2023 filings availableAchilles Chit Fund Private Limited reported revenue of ₹76.4 Lakh (down 31% YoY) for FY 2023.
Revenue · FY 2023
₹76.4 Lakh ▼ 31%
Net loss · FY 2023
₹7,632 margin -0.1%
EBITDA · FY 2023
₹6.73 Lakh margin 8.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▲ 278%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▲ 28%
Revenue fell 31% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 278%. EBITDA fell 31% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹6.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7,632 | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | ||||
| Net Profit Margin | -0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Achilles Chit Fund Private Limited, buy the company report.
Board of directors of Achilles Chit Fund Private Limited
Achilles Chit Fund has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaspar Yuvaraj | Director | 07 Jan 2019 | 7 Years 9 Months | Current |
| Irudhayam Kaspar | Director | 07 Jan 2019 | 7 Years 9 Months | Current |
Peer comparison
Achilles Chit Fund Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Kashi Gomti Gramin Nidhi Limited | ₹76.86 Lakh (FY 2024) | -15.0% | Azamgarh, Uttar Pradesh, India | |||
| Sri Amoghasiddeshwar Chits Private Limited | ₹76.83 Lakh (FY 2025) | 4.0% | Bijapur, Karnataka, India | |||
| Thekkinkadu Chits Private Limited | ₹76.5 Lakh (FY 2025) | 16.0% | Thrissur, Kerala, India | |||
| Shree Padma Nidhi Limited | ₹76.48 Lakh (FY 2024) | 68.0% | Kottarakkara, Kerala, India | |||
| Achilles Chit Fund Private Limitedthis company | ₹76.4 Lakh (FY 2023) | -₹7,632 | -0.1% | -31.0% | Chennai, Tamil Nadu, India | |
| Moolyavardhini Eranad Kuries Private Limited | ₹76.3 Lakh (FY 2025) | 37.0% | Malappuram, Kerala, India | |||
| Bhuvana Lakshmi Chit Funds Private Limited | ₹75.45 Lakh (FY 2025) | 9.0% | Warangal, Telangana, India | |||
| Amalapuri Chits Private Limited | ₹75.44 Lakh (FY 2025) | -1.0% | Kozhikode, Kerala, India | |||
| Kalpakam Chit Funds Private Limited | ₹75.37 Lakh (FY 2025) | -21.0% | Hanamkonda, Telangana, India |
To see the full peer comparison of Achilles Chit Fund Private Limited, buy the company report.
Auditor
Achilles Chit Fund Private Limited is audited by S. VENKATRAM & CO.LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. VENKATRAM & CO.LLP | FY 2021 | 004656S/S200095 |
Shareholding
The shareholding of Achilles Chit Fund Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Achilles Chit Fund Private Limited, buy the company report.
Legal cases
Achilles Chit Fund Private Limited has 9 court cases on record: 9 filed against it. 5 cases are pending and 4 are disposed.
Total cases
9
Filed against the company
9
Pending
5
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 5 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
| District court, Chengalpattu, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
To see the full case history of Achilles Chit Fund 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 Achilles Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Achilles Chit Fund has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AARCA7564P1ZU | Tamil Nadu | Active | 04 Sep 2019 |
To see the full GST registrations and return filing status of Achilles Chit Fund Private Limited, buy the company report.
Recent activity
Achilles Chit Fund Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Anand Thandavarayan ceased to be Director on 30 Mar 2024.
Ceased
Anand Thandavarayan ceased to be Director.
AGM
Achilles Chit Fund Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Achilles Chit Fund Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
Appointed
Irudhayam Kaspar was appointed as Director.
Appointed
Kaspar Yuvaraj was appointed as Director.
Incorporation
07 Jan 2019
Achilles Chit Fund Private Limited was registered on 07 Jan 2019 with Roc Chennai & aged 7 years 9 months as per MCA records.
Frequently asked questions
Achilles Chit Fund is an active private limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 07 January 2019 (7+ years old) and is registered under CIN U67190TN2019PTC126736.
Achilles Chit Fund has 2 current directors:
- Kaspar Yuvaraj - Director
- Irudhayam Kaspar - Director
The latest financial statements of Achilles Chit Fund on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Achilles Chit Fund is 33AARCA7564P1ZU, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Achilles Chit Fund is U67190TN2019PTC126736. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Achilles Chit Fund has 9 court cases on record: 9 filed against it. 5 are pending.
Achilles Chit Fund was incorporated on 07 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Achilles Chit Fund by revenue are Kashi Gomti Gramin Nidhi Limited, Sri Amoghasiddeshwar Chits Private Limited, Thekkinkadu Chits Private Limited, Shree Padma Nidhi Limited, Moolyavardhini Eranad Kuries Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Anand Thandavarayan ceased to be Director on 30 Mar 2024. Irudhayam Kaspar was appointed as Director on 07 Jan 2019. Kaspar Yuvaraj was appointed as Director on 07 Jan 2019.
Yes, Achilles Chit Fund is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0123344).
Achilles Chit Fund can be reached through the website achilleschitfund.com. Its registered office is in Chennai, Tamil Nadu, India.
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