Acshaya General Chits Private Limited
About Acshaya General Chits Private Limited
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Acshaya General Chits Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 13 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1994PTC004879. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹26.51 Lakh. It was formerly known as Aschaya Arumugam Chits Private Limited. It is led by directors including Coimbatore Arumugam Vibin (Managing Director) and Arumugam Vasanthi.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 77 Lingappa Chetty Street Coimbatore, Tamil Nadu, India – 641001.
As per the financials filed for FY 2019, the company reported a revenue of ₹22.16 Lakh, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹28.62 Lakh (net margin -129.2%) and EBITDA of -₹4.64 Lakh (EBITDA margin -21%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years.
As per MCA filings, the company has open charges of ₹2.3 Cr on record. Court records list 13 cases involving the company, including 11 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Acshaya General Chits Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address77 Lingappa Chetty Street Coimbatore, Tamil Nadu, India – 641001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Acshaya General 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 Acshaya General 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 Acshaya General Chits Private Limited, buy the company report.
Financials of Acshaya General Chits Private Limited
FY 2019 filings availableAcshaya General Chits Private Limited reported revenue of ₹22.16 Lakh (down 58% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over three years, including a 58% fall in the latest year. EBITDA fell 126% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹22.16 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.62 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -21% | ||||
| Net Profit Margin | -129.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Acshaya General Chits Private Limited, buy the company report.
Board of directors of Acshaya General Chits Private Limited
Acshaya General Chits has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Coimbatore Arumugam Vibin Also directs: Agni Exports Private Limited | Managing Director | 31 Mar 2015 | 11 Years 7 Months | Current |
| Arumugam Vasanthi Also directs: Agni Exports Private Limited | Director | 23 Dec 1994 | 31 Years 10 Months | Current |
| Rajan Harishkumar Also directs: Agni Exports Private Limited | Director | 01 Mar 2019 | 7 Years 8 Months | Current |
Peer comparison
Acshaya General Chits Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Srinivasa Chit Funds Private Limited | ₹22.5 Lakh (FY 2024) | -2.0% | Tirunelveli, Tamil Nadu, India | |||
| Aarambh Micro Credit Forum | ₹22.5 Lakh (FY 2025) | 181.0% | Unnao, Uttar Pradesh, India | |||
| JSN Micro Finance Federation | ₹22.39 Lakh (FY 2021) | 64.0% | Lucknow, Uttar Pradesh, India | |||
| SLV Arohana Chit Funds Private Limited | ₹22.28 Lakh (FY 2025) | -7.0% | Hyderaabd, Telangana, India | |||
| Acshaya General Chits Private Limitedthis company | ₹22.16 Lakh (FY 2019) | -₹28.62 Lakh | -129.2% | -58.0% | Coimbatore, Tamil Nadu, India | |
| Rajyog Chit Fund Private Limited | ₹22.05 Lakh (FY 2022) | -2.0% | Pune, Maharashtra, India | |||
| Erode Amman Chits Private Limited | ₹22.02 Lakh (FY 2025) | -45.0% | Tamil Nadu, India |
To see the full peer comparison of Acshaya General Chits Private Limited, buy the company report.
Shareholding
The shareholding of Acshaya General Chits Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Acshaya General Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2007 | 10046824 | Others | ₹2.3 Cr | Open |
To see the full charge records of Acshaya General Chits Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Acshaya General Chits Private Limited has 13 court cases on record: 11 filed by Acshaya General Chits, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 2 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed by the company against an individual | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Encore Assets Reconstruction Company | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against M/S Powerthrems Retailing Company | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Acshaya General 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 Acshaya General Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Acshaya General Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Acshaya General Chits Private Limited, buy the company report.
Recent activity
Acshaya General Chits Private Limited has 6 board changes on record since 1994: 3 appointments and 3 cessations. The latest: Rajan Harishkumar was appointed as Director on 01 Mar 2019.
Frequently asked questions
Acshaya General Chits is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 13 April 1994 (32+ years old) and is registered under CIN U65992TZ1994PTC004879.
Acshaya General Chits has 3 current directors:
- Coimbatore Arumugam Vibin - Managing Director
- Arumugam Vasanthi - Director
- Rajan Harishkumar - Director
The latest financial statements of Acshaya General Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Acshaya General Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Acshaya General Chits is U65992TZ1994PTC004879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acshaya General Chits has 13 court cases on record: 11 filed by the company and 2 filed against it.
Acshaya General Chits was incorporated on 13 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Acshaya General Chits by revenue are Srinivasa Chit Funds Private Limited, Aarambh Micro Credit Forum, JSN Micro Finance Federation, SLV Arohana Chit Funds Private Limited, Rajyog Chit Fund Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Rajan Harishkumar was appointed as Director on 01 Mar 2019. Rajan Harishkumar ceased to be Director on 20 Feb 2019. Swaminathan Arumugam ceased to be Managing Director on 01 Apr 2016. Acshaya General Chits has 6 board changes on record in total.
The registered office of Acshaya General Chits is at 77 Lingappa Chetty Street Coimbatore, Tamil Nadu, India – 641001.
Acshaya General Chits operates in the financial services industry, in the microfinance institutions segment.
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