About Arpita Chit Funds Private Limited
Data last updated:
Arpita Chit Funds Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the microfinance institutions segment of the financial services sector. It was incorporated on 11 February 2005.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65922TG2005PTC045344.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Spandana Sphoorty Housing Finance Private Limited and Spandana Sphoorty Chit Funds Private Limited. It was led by directors Vijaya Sivarami Reddy Vendidandi and Abdul Feroz Khan.
Its last annual general meeting (AGM) was held on 30 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Hyderabad, Telangana.
The company has 3 deals on record (3 secondary share transfers); the latest was in September 2009. Its 10 peer companies in the BFSI industry (Chit Funds, Micro Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Makarand Chit Funds Private Limited with revenue of ₹259.
The last known website on record is spandanaindia.com.
Company details
Name history
Arpita Chit Funds has undergone 2 name changes throughout its history. The company was previously known as Spandana Sphoorty Housing Finance Private Limited, and Spandana Sphoorty Chit Funds Private Limited. The current legal name is Arpita Chit Funds Private Limited.
| Company Name | Status |
|---|---|
| Arpita Chit Funds Private Limited | Current |
| Spandana Sphoorty Housing Finance Private Limited | Previous |
| Spandana Sphoorty Chit Funds Private Limited | Previous |
CIN history
Arpita Chit Funds has one previous CIN (Corporate Identification Number): U65922AP2005PTC045344. The current CIN is U65922TG2005PTC045344, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65922TG2005PTC045344 | Current |
| U65922AP2005PTC045344 | Previous |
Contact details
Arpita Chit Funds Private Limited's registered office is in Hyderabad, Telangana. Its website is spandanaindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot No: – 31 & 32 Ramky Selenium Towers Tower A Ground Floor Financial Dist Nanakramgu, Da, Hyderabad, Telangana, India – 500032
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Arpita Chit Funds 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
Financials of Arpita Chit Funds Private Limited
FY 2020 filings availableArpita Chit Funds Private Limited reported revenue of ₹65 (down 100% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 83% over five years. 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
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To see the full financial statements and ratios of Arpita Chit Funds Private Limited, buy the company report.
Board of directors of Arpita Chit Funds Private Limited
Arpita Chit Funds has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijaya Sivarami Reddy Vendidandi Also directs: Keertana Financial Limited, Keertana Finserv Limited, Abhiram Marketing Services Limited and 1 more | Director | 14 Aug 2020 | 6 Years 2 Months | As last reported |
| Abdul Feroz Khan Also directs: Abhiram Marketing Services Limited, Proficonlabs Private Limited | Director | 27 Nov 2012 | 13 Years 11 Months | As last reported |
Peer comparison
Arpita Chit Funds Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Chit Funds, Micro Finance), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Makarand Chit Funds Private Limited | ₹259 (FY 2018) | -100.0% | Guntur, Andhra Pradesh, India | |||
| S 1 Nidhi Limited | ₹200 (FY 2024) | Aurangabad, Maharashtra, India | ||||
| Anantham Chit Funds Private Limited | ₹200 (FY 2024) | Tiruppur, Tamil Nadu, India | ||||
| Vulcan Chit Funds Private Limited | ₹180 (FY 2024) | 20.0% | Bangalore, Karnataka, India | |||
| Nascent Holdings Nidhi Limited | ₹178 (FY 2024) | -100.0% | Udaipur, Rajasthan, India | |||
| Arpita Chit Funds Private Limitedthis company | ₹65 (FY 2020) | -100.0% | Hyderabad, Telangana, India | |||
| Sree Vasavi Kanyaka Parameswari Chit Funds Private Limited | ₹59 (FY 2021) | -100.0% | Guntakal, Andhra Pradesh, India | |||
| S V Corporation Private Limited | ₹30 (FY 2018) | New Delhi, Delhi, India | ||||
| Anchery Chitties Pvt Ltd | ₹30 (FY 2019) | -96.0% | Thrissur, Kerala, India | |||
| Bandhan Bank Limited | ₹15 (FY 2025) | -100.0% | Kolkata, West Bengal, India | |||
| Equitas Small Finance Bank Limited | ₹15 (FY 2025) | -100.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Arpita Chit Funds Private Limited, buy the company report.
Auditor
Arpita Chit Funds Private Limited is audited by PADMANABAN & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PADMANABAN & ASSOCIATES | FY 2019 | 008531S |
Shareholding
The shareholding of Arpita Chit Funds Private Limited is on record for 3 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 |
|---|---|---|---|
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| Others |
To see the full shareholding pattern of Arpita Chit Funds Private Limited, buy the company report.
Deals & funding
Arpita Chit Funds Private Limited has 3 deals on record (3 secondary share transfers); the latest was in September 2009.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Spandana Employee Welfare Trust, an individual Seller: Spandana Sphoorty Financial Limited , 3 individuals |
| Jul 2007 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Spandana Sphoorty Financial Limited |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: Spandana Sphoorty Financial Limited Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Arpita Chit Funds Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Arpita Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Arpita Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Arpita Chit Funds Private Limited has 13 board changes on record since 2009: 2 appointments and 11 cessations. The latest: Vijaya Sivarami Reddy Vendidandi ceased to be Additional Director on 30 Sep 2020.
4 earlier events are in the company report.
Frequently asked questions
Arpita Chit Funds has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Arpita Chit Funds was a private limited company based in Hyderabad, Telangana, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 11 February 2005 and is registered under CIN U65922TG2005PTC045344. The company has been struck off by the Registrar of Companies and is no longer operational.
Arpita Chit Funds had 2 directors:
- Vijaya Sivarami Reddy Vendidandi - Director
- Abdul Feroz Khan - Director
The CIN (Corporate Identification Number) of Arpita Chit Funds is U65922TG2005PTC045344. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Arpita Chit Funds is at Plot No: – 31 & 32 Ramky Selenium Towers Tower A Ground Floor Financial Dist Nanakramgu, Da, Hyderabad, Telangana, India – 500032.
Arpita Chit Funds was incorporated on 11 February 2005. It is registered with the Registrar of Companies, Hyderabad.
Arpita Chit Funds can be reached through the website spandanaindia.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Arpita Chit Funds on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 September 2020. Year-wise statements from 2015 are in the company report.
Arpita Chit Funds operated in the financial services industry, in the microfinance institutions segment. It worked in this industry before it was struck off.
Arpita Chit Funds has 3 deals on record (3 secondary share transfers); the latest was in September 2009.
The peers of Arpita Chit Funds by revenue are Makarand Chit Funds Private Limited, S 1 Nidhi Limited, Anantham Chit Funds Private Limited, Vulcan Chit Funds Private Limited, Nascent Holdings Nidhi Limited and 5 more, all in the BFSI industry (Chit Funds, Micro Finance).
Sample company reports
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