About Associated Chit Fund Private Limited
Data last updated:
Associated Chit Fund Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 06 July 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U65992PN2004PTC019476. Its GSTIN is 27AAECA7868H2Z9 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹5.95 Cr. It is led by directors including Saji Varkey (Whole-Time Director) and Harinarayanan Kandanath Raman.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 137 1st Floor Fusion Park Morwadi Ajmera Road Pimpri, Pune, Maharashtra, India – 411018.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.85 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹1.64 Cr and EBITDA of -₹1.41 Cr. Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 53% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹52.95 Lakh and satisfied charges of ₹3.49 Cr on record. Court records list 1,219 cases involving the company, including 1,215 filed by the company and 4 filed against it; 535 cases are pending. The company has 9 deals on record (8 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.89 Cr; the latest was in March 2018. Its 10 peer companies in the BFSI industry (Micro Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Maa Sheetala Devi Micro Finance Private Limited. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finfraternity.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address137 1st Floor Fusion Park Morwadi Ajmera Road Pimpri, Pune, Maharashtra, India – 411018
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Business Activity of Associated Chit Fund Private Limited
The main business activity of Associated Chit Fund is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Associated Chit Fund Private Limited FY 2024 filings available
Associated Chit Fund Private Limited reported revenue of ₹17.85 Lakh (down 96% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Associated Chit Fund Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years, including a 96% fall in the latest year. EBITDA fell 753% 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 of Associated Chit Fund Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.64 Cr | •••• | •••• | •••• | •••• |
| 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 of Associated Chit Fund Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Associated Chit Fund are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Associated Chit Fund Private Limited
Associated Chit Fund Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maa Sheetala Devi Micro Finance Private Limited | •••• | •••• | •••• | •••• | - | Mirzapur, Uttar Pradesh, India |
| Kayal Chits Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Sri Sarvam Sai Chits Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Gurusiddarameshwara Chits Private Limited | •••• | •••• | •••• | •••• | - | Tumkur, Karnataka, India |
| Ushodhaya Chit Fund Private Limited | •••• | •••• | •••• | •••• | - | Luxettipet, Telangana, India |
| Associated Chit Fund Private Limited this company | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| RCT Micro Finance Foundation | •••• | •••• | •••• | •••• | - | Sambhal, Uttar Pradesh, India |
| MFC Chits Private Limited | •••• | •••• | •••• | •••• | - | Mysore, Karnataka, India |
| Arohana Chit Funds Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Vision Micro Credit and Social Foundation | •••• | •••• | •••• | •••• | - | Tiruchirapalli, Tamil Nadu, India |
| K V C Chits Private Limited | •••• | •••• | •••• | •••• | - | Mysore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Associated Chit Fund by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Associated Chit Fund Private Limited
Associated Chit Fund Private Limited is audited by BANG AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BANG AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Associated Chit Fund Private Limited
Associated Chit Fund has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saji Varkey Also directs: Associated Fincorp & Chits (I) Private Limited | Whole-Time Director | 06 Jul 2004 | 22 Years 3 Months | Current |
| Harinarayanan Kandanath Raman Also directs: Associated Fincorp & Chits (I) Private Limited | Director | 28 Feb 2019 | 7 Years 7 Months | Current |
| Philip Johnson Also directs: Associated Fincorp & Chits (I) Private Limited | Additional Director | 20 Dec 2025 | 0 Years 9 Months | Current |
Ownership and Shareholding of Associated Chit Fund Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Associated Chit Fund Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jul 2017 | The South Indian Bank Limited | ₹28.65 Lakh | Satisfied |
| 30 Jun 2017 | Others | ₹24.3 Lakh | Satisfied |
| 03 Mar 2014 | South Indian Bank Limited | ₹26.11 Lakh | Satisfied |
| 22 Jul 2013 | Punjab National Bank | ₹7.13 Lakh | Satisfied |
| 21 May 2013 | Others | ₹2.4 Cr | Satisfied |
Total charge records: 7 View all charges
Deals & Funding of Associated Chit Fund Private Limited
Associated Chit Fund Private Limited has 9 deals on record (8 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.89 Cr; the latest was in March 2018.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Funding round | ₹75.5 Lakh | Investors: 4 individuals |
| Mar 2016 | Funding round | ₹31.6 Lakh | Investors: 4 individuals |
| Jan 2013 | Funding round | ₹7.8 Lakh | Investors: 4 individuals |
| Mar 2012 | Funding round | ₹32 Lakh | Investors: 4 individuals |
| Feb 2011 | Funding round | ₹16 Lakh | Investors: 4 individuals |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Associated Chit Fund Private Limited
Associated Chit Fund Private Limited has 1,219 court cases on record: 1,215 filed by Associated Chit Fund, 4 filed against it. 535 cases are pending and 684 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,217 | 4 | 535 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 1,219)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Court case (Reg Dkst) | Filed by the company against Venkatesh Enterprises | Pending |
| District court, Pune, Maharashtra | Arbitration matter | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Arbitration matter | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Arbitration matter | Filed by the company against an individual | Pending |
Full case history
All 1,219 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Associated Chit Fund Private Limited
Associated Chit Fund Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Associated Chit Fund Private Limited
Associated Chit Fund Private Limited has a workforce of 1 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Associated Chit Fund Private Limited
Associated Chit Fund Private Limited has 12 board changes on record since 2004: 3 appointments and 9 cessations. The latest: Philip Johnson was appointed as Additional Director on 20 Dec 2025.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Associated Chit Fund Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Associated Chit Fund Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Associated Chit Fund Private Limited
Associated Chit Fund has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA7868H2Z9 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Associated Chit Fund Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Associated Chit Fund Private Limited
Associated Chit Fund is an active private limited company based in Pune, Maharashtra, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 06 July 2004 (22+ years old) and is registered under CIN U65992PN2004PTC019476.
Associated Chit Fund reported revenue of ₹17.85 Lakh for FY 2024 (down 96% YoY).
Associated Chit Fund has 3 current directors:
- Saji Varkey - Whole-Time Director
- Harinarayanan Kandanath Raman - Director
- Philip Johnson - Additional Director
Associated Chit Fund reported a net loss of ₹1.64 Cr and EBITDA of -₹1.41 Cr for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Associated Chit Fund is -51% over three years and -53% over five years. In the latest year (FY 2024) revenue fell 96%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Associated Chit Fund is 27AAECA7868H2Z9, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Associated Chit Fund is U65992PN2004PTC019476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Associated Chit Fund has 1,219 court cases on record: 1,215 filed by the company and 4 filed against it. 535 are pending. Most are in the district courts.
Associated Chit Fund was incorporated on 06 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Pune.
Associated Chit Fund has 9 deals on record (8 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.89 Cr; the latest was in March 2018.
The peers of Associated Chit Fund by revenue are Maa Sheetala Devi Micro Finance Private Limited, Kayal Chits Private Limited, Sri Sarvam Sai Chits Private Limited, Gurusiddarameshwara Chits Private Limited, Ushodhaya Chit Fund Private Limited and 5 more, all in the BFSI industry (Micro Finance).
Philip Johnson was appointed as Additional Director on 20 Dec 2025. Premkumar Shankaran Nair ceased to be Director on 24 Nov 2022. Kizhakayil Mathew Roy ceased to be Director on 02 Jun 2021. Associated Chit Fund has 12 board changes on record in total.