About Akshara Chit Funds
Akshara Chit Funds is a Financial Services company based in Warangal (India). It offers diversified loan services for various financial needs. It operates on a B2C model. The company has 18 employees. Its Indian entity Akshara Chit Funds Private Limited reported revenue of ₹35.33 Cr. Its focus areas include Finance, Banking, Lending and Diversified Loans. Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
Akshara Chit Funds, based in Warangal, focuses on finance, banking, facilitating loans and financing, and diversified loans. Offers diversified loan services for various financial needs. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Warangal, India
- Employees 18
- SectorsFinancial Services
- Website ww12.aksharachits.com
- Legal Name Akshara Chit Funds Private Limited
- Date of Incorporation 27 Nov, 2009
- Jurisdiction Hanamkonda, Telangana, India
- Annual Revenue₹35.33 Cr
FY 2022 · +26% YoY
- Net Profit₹17.8 Lakh
FY 2022 · 1% margin
- EBITDA₹2.40 Cr
FY 2022 · 7% margin
- Employee Count18
Associated legal entities of Akshara Chit Funds
Akshara Chit Funds is associated with 2 registered companies on The Company Check; the primary company is Akshara Chit Funds Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Akshara Chit Funds Private Limited CIN U65923TG2009PTC066003 | Active | 27 Nov 2009 | Hanamkonda, Telangana | ₹35.3 Cr | 46 | 2 | View details |
| Akshara Avenues Private Limited CIN U70102TG2012PTC081484 | Active | 15 Jun 2012 | Hanamkonda, Telangana | ₹0.0 Cr | 2 | View details |
Board of directors of Akshara Chit Funds Private Limited (Akshara Chit Funds)
Akshara Chit Funds Private Limited is the primary company behind Akshara Chit Funds. The boards of the 2 registered companies of Akshara Chit Funds currently have 3 directors; the longest-serving is Srinivas Rao Perala, appointed in 2009. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srinivas Rao Perala DIN 00011688 | Director | 27 Nov 2009 | 16 yrs 11 mo | Akshara Chit Funds Private Limited, Akshara Avenues Private Limited |
| Srividya Perala DIN 07231583 | Director | 08 Jul 2015 | 11 yrs 3 mo | Akshara Avenues Private Limited |
| Kondal Rao Surineni DIN 07098298 | Director | 15 Mar 2022 | 4 yrs 7 mo | Akshara Chit Funds Private Limited |
Financials of Akshara Chit Funds
Figures of Akshara Chit Funds Private Limited, the primary company behind Akshara Chit Funds, for FY 2022. Revenue was ₹35.33 Cr (+26% year on year). Net profit was ₹17.8 Lakh (1% margin). EBITDA was ₹2.40 Cr (7% margin). Revenue has grown at a compounded annual rate of +10% over three years and +22% over five years.
- ₹35.33 CrRevenue · FY 2022 · +26% YoY
- ₹17.8 LakhNet profit · 1% margin
- ₹2.40 CrEBITDA · 7% margin
- ₹11.27 CrPaid-up capital
- 46Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Akshara Chit Funds Private Limited are on its company page.
Detailed financial statements for Akshara Chit Funds
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Similar companies to Akshara Chit Funds
Akshara Chit Funds has 3 listed similar companies in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. |
Detailed similar companies of Akshara Chit Funds
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Top companies in Alternative Lending
3 companies that operate in the same segment as Akshara Chit Funds (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Frequently Asked Questions about Akshara Chit Funds
Akshara Chit Funds is headquartered in Warangal, India. It is registered at Warangal, Telangana, India.
Akshara Chit Funds has 18 employees.
The primary company behind Akshara Chit Funds, Akshara Chit Funds Private Limited, reported revenue of ₹35.33 Cr for FY 2022, up 26% year on year.
Akshara Chit Funds, based in Warangal, focuses on finance, banking, facilitating loans and financing, and diversified loans. Offers diversified loan services for various financial needs. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Akshara Chit Funds's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Akshara Chit Funds is associated with 2 legal entities: Akshara Chit Funds Private Limited, Akshara Avenues Private Limited.
The legal entities of Akshara Chit Funds currently have 3 directors, including Kondal Rao Surineni, Srinivas Rao Perala, Srividya Perala.