Assefa Chits Private Limited
About Assefa Chits Private Limited
Data last updated: 13 March 2026
Assefa Chits Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It specialises in financial services and investment, a part of the broader financial services sector. Incorporated on 12 December 2007, the company has been in operation for over 19 years.
Registered with ROC Chennai under CIN U65992TN2007PTC065713.
Capital: an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh. It is led by directors Muthiah Vasantha and Loganathan Subbiah.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: No. 1 Lady Doak College Road, Madurai, Tamil Nadu, India – 625002.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.67 Lakh, a growth of 83% compared to the previous year.
The current compliance status is marked as compliant by the Registrar of Companies.
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Email*****@*****.com
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Telephone+91-****-******
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Website**************
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Social Media**************
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Registered AddressNo. 1 Lady Doak College Road, Madurai, Tamil Nadu, India – 625002
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IndustryFinancial Services, Financial Activities
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Business Activity of Assefa Chits Private Limited
Assefa Chits Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | ********* |
Auditor Details of Assefa Chits Private Limited
Assefa Chits Private Limited is audited by MADHU BALAN & ASSOCIATES for the financial year 2017. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MADHU BALAN & ASSOCIATES | blur-value | blur-value | blur-value |
Board of Directors of Assefa Chits Private Limited
Assefa Chits Private Limited is currently managed by 2 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Muthiah Vasantha
Also directs:
Shanthigram Dairy Promotion
|
Director | 18 Jan 2008 | 18 Years 5 Months | Current |
|
Loganathan Subbiah
Also directs:
Assefa Seed Producer Company Limited, Sarvodaya Milk Producers Federation, Seva Women Dairy Development and 5 more
|
Managing Director | 12 Dec 2007 | 18 Years 6 Months | Current |
Financials of Assefa Chits Private Limited FY 2024 filings available
Assefa Chits Private Limited reported revenue of ₹18.67 Lakh (up 83% YoY) for FY 2024. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| Interest | ***** | ***** | ***** | ***** | ***** |
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| Long-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
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| Long-Term Provisions | ***** | ***** | ***** | ***** | ***** |
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| Investments | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Assets | ***** | ***** | ***** | ***** | ***** |
| LT Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
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| Cash from Operating Activities (CFO) | |||||
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| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
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| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
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| Acquisitions & Disposals | ***** | ***** | ***** | ***** | ***** |
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| Purchase of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
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| Other Investing Cash Flows | ***** | ***** | ***** | ***** | ***** |
| Net CFI (Cash from Investing) | ***** | ***** | ***** | ***** | ***** |
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| Dividends Paid | ***** | ***** | ***** | ***** | ***** |
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| Net CFF (Cash from Financing) | ***** | ***** | ***** | ***** | ***** |
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| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
| Closing Cash & Equivalents | ***** | ***** | ***** | ***** | ***** |
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| Liquidity | |||||
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| Cash Ratio | ***** | ***** | ***** | ***** | ***** |
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| Inventory Days | ***** | ***** | ***** | ***** | ***** |
| Debtor Days | ***** | ***** | ***** | ***** | ***** |
| Creditor Days | ***** | ***** | ***** | ***** | ***** |
| Cash Conversion Cycle | ***** | ***** | ***** | ***** | ***** |
| Asset Turnover | ***** | ***** | ***** | ***** | ***** |
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| Net Profit Margin % | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| ROE % | ***** | ***** | ***** | ***** | ***** |
| ROCE % | ***** | ***** | ***** | ***** | ***** |
| Net Worth Margin % | ***** | ***** | ***** | ***** | ***** |
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| Debt / EBITDA | ***** | ***** | ***** | ***** | ***** |
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| D/E Ratio | ***** | ***** | ***** | ***** | ***** |
| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Assefa Chits Private Limited
As of FY 2017, Assefa Chits Private Limited's shareholding pattern shows 58.75% by promoters, 25.00% by public shareholders, 16.25% by others. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings Assefa Chits Private Limited
Assefa Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Assefa Chits Private Limited
View historical data on people associated with Assefa Chits Private Limited, including employment history and EPFO contributions.
Employee Count & EPFO Data of Assefa Chits Private Limited
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GST Compliance of Assefa Chits Private Limited
GSTIN & GST Filing Data of Assefa Chits Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Assefa Chits Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Assefa Chits Private Limited
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MSME Payment Delays by Assefa Chits Private Limited
MSME Payment Delays by Assefa Chits Private Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Assefa Chits Private Limited
Subsidiaries & Group Companies of Assefa Chits Private Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Assefa Chits Private Limited with ownership details.
MCA Filings & Documents of Assefa Chits Private Limited
MCA Filings & Documents of Assefa Chits Private Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Assefa Chits Private Limited
Frequently Asked Questions about Assefa Chits Private Limited
Assefa Chits Private Limited is an active private limited company in the financial services sector based in Madurai, Tamil Nadu, India. It was incorporated on 12 December 2007 (19+ years old) and is registered under CIN U65992TN2007PTC065713.
Assefa Chits Private Limited reported revenue of ₹18.67 Lakh for FY 2024 (up 83.00% YoY).
The current directors of Assefa Chits Private Limited are:
The primary industry of Assefa Chits Private Limited is financial services. The company specifically operates in financial activities. The company is currently active in this sector.
Assefa Chits Private Limited can be reached at the registered office: No. 1 Lady Doak College Road, Madurai, Tamil Nadu, India – 625002.
The authorised capital is ₹10 Lakh, and the paid-up capital is ₹8 Lakh.