MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TS-31-0007930
Akshara Chit Funds Private Limited - financial services in Hanamkonda, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹35.33 Cr
▲ 26% YoY
Net profit · FY 2022
₹17.83 Lakh
Net margin 0.5%
EBITDA · FY 2022
₹2.4 Cr
EBITDA margin 6.8%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹11.27 Cr
Issued & subscribed
Open charges
₹9.26 Cr
Satisfied ₹4.9 Lakh
Company age
17 yrs
Est. 2009
Employees · EPFO
46
Provident fund records
About Akshara Chit Funds Private Limited
Data last updated:
Akshara Chit Funds Private Limited is a private limited company based in Hanamkonda, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 27 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65923TG2009PTC066003. The company has 4 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.27 Cr. It was formerly known as Akshara Chit Funds (A.P.) Private Limited. It is led by directors Kondal Rao Surineni and Srinivas Rao Perala.
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 Hanamkonda, Telangana.
As per the financials filed for FY 2022, the company reported a revenue of ₹35.33 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹17.83 Lakh (net margin 0.5%) and EBITDA of ₹2.4 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 22% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Akshara Chit Funds. As per MCA filings, the company has open charges of ₹9.26 Cr and satisfied charges of ₹4.9 Lakh on record. Court records list 666 cases involving the company, including 522 filed by the company and 144 filed against it; 220 cases are pending.
Akshara Chit Funds Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-31-0007930). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aksharachits.com.
Company details
CIN U65923TG2009PTC066003
Registration Number 066003
Incorporation Date 27 November 2009
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TS-31-0007930
CIN history
Akshara Chit Funds has one previous CIN (Corporate Identification Number): U65923AP2009PTC066003. The current CIN is U65923TG2009PTC066003, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923TG2009PTC066003 | Current |
| U65923AP2009PTC066003 | Previous |
Recognitions & Rankings of Akshara Chit Funds
Contact details
Akshara Chit Funds Private Limited's registered office is in Hanamkonda, Telangana. Its website is aksharachits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH. No. 1 – 8 – 571 Ground Floor Opp. Nakkalagutta Water Tank, Balasamudram, Hanamkonda, Telangana, India – 506001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Akshara Chit Funds Private Limited, buy the company report.
Comprehensive company report
Akshara Chit Funds 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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Brands
Akshara Chit Funds operates one associated brand: Akshara Chit Funds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers diversified loan services for various financial needs. | aksharachits.com |
Business activity
The main business activity of Akshara Chit Funds 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 Akshara Chit Funds Private Limited, buy the company report.
Financials of Akshara Chit Funds Private Limited
FY 2022 filings availableAkshara Chit Funds Private Limited reported revenue of ₹35.33 Cr (up 26% YoY) for FY 2022.
Revenue · FY 2022
₹35.33 Cr ▲ 26%
Net profit · FY 2022
₹17.83 Lakh margin 0.5%
EBITDA · FY 2022
₹2.4 Cr margin 6.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 10%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 1%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 26% growth in the latest year. EBITDA rose 13% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹35.33 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.83 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.8% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Akshara Chit Funds Private Limited, buy the company report.
Board of directors of Akshara Chit Funds Private Limited
Akshara Chit Funds has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kondal Rao Surineni Also directs: Akshara Samruddhi Nidhi Limited, Akshara Townships India Private Limited, Akshara Townships Private Limited and 1 more | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
| Srinivas Rao Perala | Director | 27 Nov 2009 | 16 Years 11 Months | Current |
Peer comparison
Akshara Chit Funds Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Shriramraghavendra Chits Private Ltd | ₹46.94 Cr (FY 2024) | 4.0% | Secunderabad, Telangana, India | |||
| Port City Nidhi Limited | ₹45.17 Cr (FY 2025) | 12.0% | Tuticorin, Tamil Nadu, India | |||
| Bhartiya Micro Credit | ₹45.05 Cr (FY 2018) | 45.0% | Lucknow, Uttar Pradesh, India | |||
| Kodachadri Chits Private Limited | ₹39.12 Cr (FY 2024) | 75.0% | Bangalore, Karnataka, India | |||
| Geo Bros Muthoot Nidhi Limited | ₹36.41 Cr (FY 2025) | 102.0% | Kollam, Kerala, India | |||
| Akshara Chit Funds Private Limitedthis company | ₹35.33 Cr (FY 2022) | ₹17.83 Lakh | 0.5% | 26.0% | 46 | Hanamkonda, Telangana, India |
| B R D Finance Limited | ₹34.38 Cr (FY 2025) | -3.0% | Thrissur, Kerala, India | |||
| Al-Najib Milli Mutual Benefits Nidhi Limited | ₹33.86 Cr (FY 2025) | 10.0% | Najibabad, Uttar Pradesh, India | |||
| Save Financial Managements Private Limited | ₹33.76 Cr (FY 2025) | -42.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Akshara Chit Funds Private Limited, buy the company report.
Auditor
Akshara Chit Funds Private Limited is audited by NAROTHAM MADHAV AND RAMESH for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAROTHAM MADHAV AND RAMESH | FY 2022 | 002407S |
Shareholding
The shareholding of Akshara Chit Funds Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Akshara Chit Funds Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.26 Cr
Satisfied charges
₹4.9 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2021 | 100531847 | Hdfc Bank Limited | ₹8.47 Lakh | Open | |
| 22 Nov 2021 | 100507263 | State Bank of India | ₹83 Lakh | Open | |
| 07 Sep 2021 | 100495825 | Hdfc Bank Limited | ₹46.36 Lakh | Open | |
| 19 Jul 2021 | 100490070 | Hdfc Bank Limited | ₹47.1 Lakh | Open | |
| 13 May 2021 | 100444839 | State Bank of India | ₹7.21 Cr | Open |
To see the full charge records of Akshara Chit Funds Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Akshara Chit Funds Private Limited has 666 court cases on record: 522 filed by Akshara Chit Funds, 144 filed against it. 220 cases are pending and 446 are disposed.
Total cases
666
Filed by the company
522
Filed against the company
144
Pending
220
Disposed
446
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 648 | 135 | 211 |
| High courts | 17 | 8 | 8 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 666)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khammam, Telangana | Cheque dishonour complaint | Filed against the company by M/S. HDFC Bank Ltd., Rep. by Its Authorized Signatory Balakrishna Rangapuram, R/O. Khammam. | Pending |
| District court, Hanumakonda, Telangana | Execution petition | Filed against the company by an individual | Pending |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Mancherial, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Akshara Chit Funds 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 Akshara Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akshara Chit Funds Private Limited has a workforce of 46 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
46
Active EPFO establishments
1
Employee growth
-91.48%
GST
Akshara Chit Funds has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
4
Cancelled / inactive
4
To see the full GST registrations and return filing status of Akshara Chit Funds Private Limited, buy the company report.
Recent activity
Akshara Chit Funds Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Kondal Rao Surineni ceased to be Additional Director on 30 Sep 2022.
AGM
Akshara Chit Funds Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Ceased
Kondal Rao Surineni ceased to be Additional Director.
Filing
Akshara Chit Funds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Hyderabad.
Appointed
Kondal Rao Surineni was appointed as Director.
Ceased
Srividya Perala ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.08 Cr with Charge ID 100531847 was registered on 26 Nov 2021.
Charges
A charge with State Bank Of India amounted to Rs. 0.83 Cr with Charge ID 100507263 was registered on 22 Nov 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.46 Cr with Charge ID 100495825 was registered on 07 Sep 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.47 Cr with Charge ID 100490070 was registered on 19 Jul 2021.
Charges
A charge with State Bank Of India amounted to Rs. 7.21 Cr with Charge ID 100444839 was registered on 13 May 2021.
Charges
A charge with State Bank Of India of Rs. 7.21 Cr registered on 13 May 2021 with Charge ID 100444839 was modified on 13 May 2021.
Charges
A charge registered on 18 Nov 2010 via Charge ID 10259950 with The Karur Vysya Bank Limited was fully satisfied on 07 Aug 2020.
7 earlier events are in the company report.
Frequently asked questions
Akshara Chit Funds is an active private limited company based in Hanamkonda, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 27 November 2009 (17+ years old) and is registered under CIN U65923TG2009PTC066003.
Akshara Chit Funds has 2 current directors:
- Kondal Rao Surineni - Director
- Srinivas Rao Perala - Director
The latest financial statements of Akshara 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 2015 are in the company report.
No. Akshara Chit Funds has 4 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Akshara Chit Funds is U65923TG2009PTC066003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshara Chit Funds has 666 court cases on record: 522 filed by the company and 144 filed against it. 220 are pending. Most are in the district courts.
Akshara Chit Funds was incorporated on 27 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Akshara Chit Funds by revenue are Shriramraghavendra Chits Private Ltd, Port City Nidhi Limited, Bhartiya Micro Credit, Kodachadri Chits Private Limited, Geo Bros Muthoot Nidhi Limited and 3 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Kondal Rao Surineni ceased to be Additional Director on 30 Sep 2022. Kondal Rao Surineni was appointed as Director on 15 Mar 2022. Srividya Perala ceased to be Director on 15 Mar 2022. Akshara Chit Funds has 5 board changes on record in total.
Yes, Akshara Chit Funds is registered as a small enterprise under Udyam registration (number: UDYAM-TS-31-0007930).
Akshara Chit Funds can be reached through the website aksharachits.com. Its registered office is in Hanamkonda, Telangana, India.
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