Amareswara Chit Fund Private Limited
About Amareswara Chit Fund Private Limited
Data last updated:
Amareswara Chit Fund Private Limited is a private limited company based in Guntur, Andhra Pradesh, India. It operates in the trust segment of the financial services sector. It was incorporated on 01 November 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP2002PTC039844. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Pallerla Chandrasekhara Reddy (Managing Director) and Dhanalakshmi Pallerla.
Its last annual general meeting (AGM) was held on 04 February 2022, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 6 – 8 – 19 Sri Gms Complex 8/1 Arundelpet Guntur – 2., Andhra Pradesh, India – 522002.
As per the financials filed for FY 2021, the company reported a revenue of ₹62.19 Lakh, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹65,829 (net margin -1.1%) and EBITDA of ₹15.09 Lakh (EBITDA margin 24.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹1.33 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Amareswara Chit Fund Private Limited's registered office is in Guntur, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6 – 8 – 19 Sri Gms Complex 8/1 Arundelpet Guntur – 2., Andhra Pradesh, India – 522002
- IndustryFinancial Services, Trust, Other Financial Holding, Fund
To see the full contact details of Amareswara Chit Fund 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 Amareswara Chit Fund is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Amareswara Chit Fund Private Limited, buy the company report.
Financials of Amareswara Chit Fund Private Limited
FY 2021 filings availableAmareswara Chit Fund Private Limited reported revenue of ₹62.19 Lakh (up 11% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 11% growth in the latest year. EBITDA fell 20% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹15.09 Lakh | ||||
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| Net Profit (PAT) | -₹65,829 | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 24.3% | ||||
| Net Profit Margin | -1.1% | ||||
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To see the full financial statements and ratios of Amareswara Chit Fund Private Limited, buy the company report.
Board of directors of Amareswara Chit Fund Private Limited
Amareswara Chit Fund has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pallerla Chandrasekhara Reddy | Managing Director | 01 Nov 2002 | 23 Years 11 Months | Current |
| Dhanalakshmi Pallerla | Director | 13 Jul 2016 | 10 Years 3 Months | Current |
Auditor
Amareswara Chit Fund Private Limited is audited by SRIHARI ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRIHARI ASSOCIATES | FY 2017 | 200074 |
Shareholding
The shareholding of Amareswara Chit Fund Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Amareswara Chit Fund Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2019 | 100279973 | Others | ₹55 Lakh | Open | |
| 12 Jul 2019 | 100275696 | Others | ₹77.5 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Amareswara Chit Fund Private Limited has 8 court cases on record: 5 filed by Amareswara Chit Fund, 3 filed against it. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 3 | 3 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Guntur, Andhra Pradesh | Execution petition | Filed by the company against an individual | Pending |
| District court, Guntur, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Guntur, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Guntur, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Guntur, Andhra Pradesh | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Amareswara 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 Amareswara Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Amareswara Chit Fund 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 Amareswara Chit Fund Private Limited, buy the company report.
Recent activity
Amareswara Chit Fund Private Limited has 4 board changes on record since 2002: 2 appointments and 2 cessations. The latest: Vijayabhaskara Reddy Pallerla ceased to be Director on 09 Sep 2020.
Frequently asked questions
Amareswara Chit Fund is an active private limited company based in Guntur, Andhra Pradesh, India. The company works in trust, within the financial services industry. It was incorporated on 01 November 2002 (24+ years old) and is registered under CIN U65992AP2002PTC039844.
Amareswara Chit Fund has 2 current directors:
- Pallerla Chandrasekhara Reddy - Managing Director
- Dhanalakshmi Pallerla - Director
The latest financial statements of Amareswara Chit Fund on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 04 February 2022. Year-wise statements from 2015 are in the company report.
No. Amareswara Chit Fund has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Amareswara Chit Fund is U65992AP2002PTC039844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amareswara Chit Fund has 8 court cases on record: 5 filed by the company and 3 filed against it. 3 are pending.
Amareswara Chit Fund was incorporated on 01 November 2002, making it 24+ years old. It is registered with the Registrar of Companies, Vijayawada.
Vijayabhaskara Reddy Pallerla ceased to be Director on 09 Sep 2020. Yallamanda Reddy Butalapalli ceased to be Director on 09 Sep 2020. Dhanalakshmi Pallerla was appointed as Director on 13 Jul 2016. Amareswara Chit Fund has 4 board changes on record in total.
The registered office of Amareswara Chit Fund is at 6 – 8 – 19 Sri Gms Complex 81 Arundelpet Guntur – 2., Andhra Pradesh, India – 522002.
Amareswara Chit Fund operates in the financial services industry, in the trust segment.