Avk Nagarathar Chit Funds Private Limited
About Avk Nagarathar Chit Funds Private Limited
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Avk Nagarathar Chit Funds Private Limited is a private limited company based in Tiruchirappalli, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 20 January 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2009PTC070515.
The company has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors including Avichi Chettiar Kasinathan (Managing Director) and Sigappi Kasinathan.
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 New No:5 Old No:3 Jaffersha Street, Tiruchirappalli, Tamil Nadu, India – 620008.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.16 Lakh, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹7,887 (net margin 1%) and EBITDA of ₹10,264 (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 2% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Avk Nagarathar Chit Funds Private Limited's registered office is in Tiruchirappalli, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNew No:5 Old No:3 Jaffersha Street, Tiruchirappalli, Tamil Nadu, India – 620008
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Avk Nagarathar 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
Business activity
The main business activity of Avk Nagarathar 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 Avk Nagarathar Chit Funds Private Limited, buy the company report.
Financials of Avk Nagarathar Chit Funds Private Limited
FY 2024 filings availableAvk Nagarathar Chit Funds Private Limited reported revenue of ₹8.16 Lakh (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 6% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹10,264 | ||||
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| Net Profit (PAT) | ₹7,887 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Avk Nagarathar Chit Funds Private Limited, buy the company report.
Board of directors of Avk Nagarathar Chit Funds Private Limited
Avk Nagarathar Chit Funds has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sigappi Kasinathan | Director | 16 Jun 2018 | 8 Years 4 Months | Current |
| Kasinathan Swarnasundri | Director | 16 Jun 2018 | 8 Years 4 Months | Current |
| Avichi Chettiar Kasinathan | Managing Director | 20 Jan 2009 | 17 Years 9 Months | Current |
| Vallikannu | Director | 20 Jan 2009 | 17 Years 9 Months | Current |
Peer comparison
Avk Nagarathar 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 |
|---|---|---|---|---|---|---|
| M Veeranan Chit Funds Private Limited | ₹8.2 Lakh (FY 2020) | -12.0% | Dindigul, Tamil Nadu, India | |||
| Carmel Kuries and Loans Pvt Ltd | ₹8.2 Lakh (FY 2018) | 64.0% | Ernakulam, Kerala, India | |||
| Surya Prabha Chits Private Limited | ₹8.2 Lakh (FY 2025) | -8.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Aundipatti Sri Balaji Chit Funds Private Limited | ₹8.19 Lakh (FY 2024) | -1.0% | Aundipatti, Tamil Nadu, India | |||
| Mahitha Mancherial Chit Funds Private Limited | ₹8.17 Lakh (FY 2025) | -44.0% | Mancherial, Telangana, India | |||
| Avk Nagarathar Chit Funds Private Limitedthis company | ₹8.16 Lakh (FY 2025) | ₹7,887 | 1% | -10.0% | Tiruchirappalli, Tamil Nadu, India | |
| Skywin Chit Funds Private Limited | ₹8.11 Lakh (FY 2025) | -6.0% | Coimbatore, Tamil Nadu, India | |||
| Pathgamini Chit Fund Private Limited | ₹8.05 Lakh (FY 2024) | 23.0% | New Delhi, Delhi, India | |||
| Peaceland Kuries Private Limited | ₹8.02 Lakh (FY 2025) | -18.0% | Thrissur, Kerala, India |
To see the full peer comparison of Avk Nagarathar Chit Funds Private Limited, buy the company report.
Auditor
Avk Nagarathar Chit Funds Private Limited is audited by VRUKSHA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VRUKSHA & CO | FY 2023 | 007238S |
Shareholding
The shareholding of Avk Nagarathar Chit Funds Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Avk Nagarathar Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Avk Nagarathar 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 Avk Nagarathar 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 Avk Nagarathar Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Avk Nagarathar Chit Funds Private Limited has 4 board changes on record since 2009: 4 appointments. The latest: Kasinathan Swarnasundri was appointed as Director on 16 Jun 2018.
Frequently asked questions
Avk Nagarathar Chit Funds is an active private limited company based in Tiruchirappalli, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 20 January 2009 (17+ years old) and is registered under CIN U65992TN2009PTC070515.
Avk Nagarathar Chit Funds has 4 current directors:
- Avichi Chettiar Kasinathan - Managing Director
- Sigappi Kasinathan - Director
- Kasinathan Swarnasundri - Director
- Vallikannu - Director
The latest financial statements of Avk Nagarathar Chit Funds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Avk Nagarathar Chit Funds is U65992TN2009PTC070515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avk Nagarathar Chit Funds was incorporated on 20 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Avk Nagarathar Chit Funds by revenue are M Veeranan Chit Funds Private Limited, Carmel Kuries and Loans Pvt Ltd, Surya Prabha Chits Private Limited, Aundipatti Sri Balaji Chit Funds Private Limited, Mahitha Mancherial Chit Funds Private Limited and 3 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Kasinathan Swarnasundri was appointed as Director on 16 Jun 2018. Sigappi Kasinathan was appointed as Director on 16 Jun 2018. Avichi Chettiar Kasinathan was appointed as Managing Director on 20 Jan 2009. Avk Nagarathar Chit Funds has 4 board changes on record in total.
The registered office of Avk Nagarathar Chit Funds is at New No:5 Old No:3 Jaffersha Street, Tiruchirappalli, Tamil Nadu, India – 620008.
Avk Nagarathar Chit Funds operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Avk Nagarathar Chit Funds is compliant as of 15 July 2026. The company is actively filing with the Registrar of Companies.
Avk Nagarathar Chit Funds can be reached at its registered office: New No:5 Old No:3 Jaffersha Street, Tiruchirappalli, Tamil Nadu, India – 620008.