About Balussery Chit Fund
Balussery Chit Fund is a Business Services company based in Chennai (India) founded in 1982. Chit fund operations and financial services in India. It operates in the Business Services and Financial Services sectors. Its Indian entity Balussery Benefit Chit Fund Private Limited reported revenue of ₹8.72 Cr. Balussery Chit Fund offers products and services including Chit Funds and Corporate Plans. Its focus areas include Corporate Finance, Business Loans, Corporate Plans and Savings and Investments.
Company details
Balussery is recognized as a chit fund entity that was established in 1947 and operates under the Chit Fund Acts, 1982. It has served over 3 million subscribers while maintaining financial stability with net owned funds exceeding INR 90 million. The company is rated positively by M-CRIL and holds an ISO 9001:2008 certification. Services include standardized document processes for prize disbursements, personalized financial guidance, and transparent auction proceedings to ensure quality and investor protection across various plans.
- Headquarters Chennai, India
- SectorsBusiness ServicesFinancial Services
- Email••••••••
- Website balusserychitsonline.com
- Legal Name Balussery Benefit Chit Fund Private Limited
- Date of Incorporation 06 Feb, 1947
- Jurisdiction Triplicane, Madras-5, Tamil Nadu, India
- Annual Revenue₹8.72 Cr
FY 2024 · +24% YoY
- Net Profit₹1.58 Cr
FY 2024 · 18% margin
- EBITDA₹2.71 Cr
FY 2024 · 31% margin
Associated legal entities of Balussery Chit Fund
Balussery Chit Fund operates through Balussery Benefit Chit Fund Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Balussery Benefit Chit Fund Private Limited CIN U65992TN1947PTC000211 | Active | 06 Feb 1947 | Chennai, Tamil Nadu | ₹8.7 Cr | 25 | 5 | View details |
Products & Services of Balussery Chit Fund
Balussery Chit Fund offers a comprehensive portfolio of products and services, including Chit Funds and Corporate Plans.
Chit fund schemes are managed for savings and investments, with values from Rs 20K to 75 Lacs
Corporate plans are offered for business entities involving financial support and loans
Board of directors of Balussery Benefit Chit Fund Private Limited (Balussery Chit Fund)
Balussery Benefit Chit Fund Private Limited is the primary company behind Balussery Chit Fund. The board of Balussery Benefit Chit Fund Private Limited currently have 5 directors; the longest-serving is Sivaramakrishnan Tattamangalam Subramanian, appointed in 1968. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sivaramakrishnan Tattamangalam Subramanian DIN 01727587 | Director | 20 Jul 1968 | 58 yrs 3 mo | Balussery Benefit Chit Fund Private Limited |
| Mambilamadam Viswanathan Vaidyanathan DIN 00831284 | Director | 20 Jul 1968 | 58 yrs 3 mo | Balussery Benefit Chit Fund Private Limited |
| Mambila Viswanathan Gowrikanthan DIN 01671709 | Director | 20 Jul 1972 | 54 yrs 3 mo | Balussery Benefit Chit Fund Private Limited |
| Viswanathan Suresh DIN 00833914 | Director | 26 Jun 1986 | 40 yrs 4 mo | Balussery Benefit Chit Fund Private Limited |
| Krishnan Tattamangalam Subramanian DIN 06948609 | Director | 29 Jul 2014 | 12 yrs 3 mo | Balussery Benefit Chit Fund Private Limited |
Financials of Balussery Chit Fund
Figures of Balussery Benefit Chit Fund Private Limited, the primary company behind Balussery Chit Fund, for FY 2024. Revenue was ₹8.72 Cr (+24% year on year). Net profit was ₹1.58 Cr (18% margin). EBITDA was ₹2.71 Cr (31% margin). Revenue has grown at a compounded annual rate of 0% over three years and -3% over five years.
- ₹8.72 CrRevenue · FY 2024 · +24% YoY
- ₹1.58 CrNet profit · 18% margin
- ₹2.71 CrEBITDA · 31% margin
- ₹14.4 LakhPaid-up capital
- 25Employees (provident fund records)
- 0%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Balussery Benefit Chit Fund Private Limited are on its company page.
Detailed financial statements for Balussery Chit Fund
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Web traffic of Balussery Chit Fund
The website of Balussery Chit Fund (balusserychitsonline.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 36.9% vs previous month
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Frequently Asked Questions about Balussery Chit Fund
Balussery Chit Fund was founded in 1982.
Balussery Chit Fund is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind Balussery Chit Fund, Balussery Benefit Chit Fund Private Limited, reported revenue of ₹8.72 Cr for FY 2024, up 24% year on year.
Balussery is recognized as a chit fund entity that was established in 1947 and operates under the Chit Fund Acts, 1982. It has served over 3 million subscribers while maintaining financial stability with net owned funds exceeding INR 90 million. The company is rated positively by M-CRIL and holds an ISO 9001:2008 certification. Services include standardized document processes for prize disbursements, personalized financial guidance, and transparent auction proceedings to ensure quality and investor protection across various plans.
Balussery Chit Fund offers Chit Funds and Corporate Plans.
Balussery Chit Fund operates through Balussery Benefit Chit Fund Private Limited.
The legal entities of Balussery Chit Fund currently have 5 directors, including Sivaramakrishnan Tattamangalam Subramanian, Viswanathan Suresh, Mambilamadam Viswanathan Vaidyanathan and others.