Mahesan Chit Fund

Pudukkottai, India Founded: 2015 • Age: 11 yrs
Offers chit fund schemes and financial services to rural individuals in Tamil Nadu.

About Mahesan Chit Fund

Mahesan Chit Fund is a Financial Services company based in Pudukkottai (India) founded in 2015. It offers chit fund schemes and financial services to rural individuals in Tamil Nadu. It operates on a B2C model. The company has 15 employees. Its Indian entity Mahesan Chit Fund Private Limited reported revenue of β‚Ή2.16 Cr. Mahesan Chit Fund offers products and services including Chit Schemes, Customer Application, and Spot Collection. Its focus areas include Microfinance, Chit Funds and Rural Lending.

Company details

Mahesan Chit Fund Operates As A Chit Fund Company In Pudukkottai, Tamil Nadu, Offering Schemes Like 10, 15, And 20-month Plans With Values From 50,000 To 5,000,000. It Serves Individuals For Short-term Liquidity Needs Through Services Such As Spot Collections, Sms Alerts, And A Customer Application For Monitoring Payments. Aimed At Farmers, Small Businessmen, And Low-income Groups, It Promotes Financial Inclusion In Rural Areas Via Direct Collections And Digital Tools.

  • Headquarters Pudukkottai, India
  • Employees 15
  • Sectors
    Financial Services
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website mahesanchitfund.in
  • Legal Name Mahesan Chit Fund Private Limited
  • Date of Incorporation 24 Jul, 2018
  • Jurisdiction Pudukkottai, Tamil Nadu, India
Operational Areas
Key Metrics
  • Annual Revenue
    ₹2.16 Cr

    FY 2024 · +26% YoY

  • Net Profit
    ₹4.1 Lakh

    FY 2024 · 2% margin

  • EBITDA
    ₹10.6 Lakh

    FY 2024 · 5% margin

  • Employee Count
    15

Products & Services of Mahesan Chit Fund

Mahesan Chit Fund offers a comprehensive portfolio of products and services, including Chit Schemes, Customer Application, and Spot Collection.

Chit Schemes
Financial Products

Savings and borrowing schemes for short-term liquidity needs

Customer Application
Mobile App

App for monitoring payments and buying chits securely

Spot Collection
Collection Service

On-site collection of funds with transaction receipts

Board of directors of Mahesan Chit Fund Private Limited (Mahesan Chit Fund)

Mahesan Chit Fund Private Limited is the primary company behind Mahesan Chit Fund. The board of Mahesan Chit Fund Private Limited currently have 3 directors; the longest-serving is Jaisankar Pradeep, appointed in 2022. 5 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Jaisankar Pradeep
DIN 09784361
Managing Director25 Oct 20224 yrsMahesan Chit Fund Private Limited
Arumugam Ramadurai
DIN 09059383
Director25 Oct 20224 yrsMahesan Chit Fund Private Limited
Saravanan
DIN 11068223
Additional Director22 Apr 20251 yr 6 moMahesan Chit Fund Private Limited

Financials of Mahesan Chit Fund

Figures of Mahesan Chit Fund Private Limited, the primary company behind Mahesan Chit Fund, for FY 2024. Revenue was ₹2.16 Cr (+26% year on year). Net profit was ₹4.1 Lakh (2% margin). EBITDA was ₹10.6 Lakh (5% margin). Revenue has grown at a compounded annual rate of +187% over three years.

  • ₹2.16 CrRevenue · FY 2024 · +26% YoY
  • ₹4.1 LakhNet profit · 2% margin
  • ₹10.6 LakhEBITDA · 5% margin
  • ₹10 LakhPaid-up capital
  • 15Employees (provident fund records)
  • +187%Revenue CAGR, 3 years

Balance sheet, profit and loss, cash flow and ratios of Mahesan Chit Fund Private Limited are on its company page.

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Top companies in Microfinance

3 companies that operate in the same segment as Mahesan Chit Fund (Microfinance) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Microfinance banking services are offered in India by ESAF.
1992Thrissur, Kerala, IndiaUSD 101.74 MUSD 474.19 M12,520
Micro loans for businesses are offered by this NBFC.
1990Delhi, Delhi, IndiaUSD 40 MUSD 310.26 M752
Provider of microloans
2010Delhi, Delhi, IndiaUSD 71.68 M12,403
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Frequently Asked Questions about Mahesan Chit Fund

Mahesan Chit Fund was founded in 2015.

Mahesan Chit Fund is headquartered in Pudukkottai, India. It is registered at Pudukkottai, Tamil Nadu, India.

Mahesan Chit Fund has 15 employees.

The primary company behind Mahesan Chit Fund, Mahesan Chit Fund Private Limited, reported revenue of β‚Ή2.16 Cr for FY 2024, up 26% year on year.

Mahesan Chit Fund Operates As A Chit Fund Company In Pudukkottai, Tamil Nadu, Offering Schemes Like 10, 15, And 20-month Plans With Values From 50,000 To 5,000,000. It Serves Individuals For Short-term Liquidity Needs Through Services Such As Spot Collections, Sms Alerts, And A Customer Application For Monitoring Payments. Aimed At Farmers, Small Businessmen, And Low-income Groups, It Promotes Financial Inclusion In Rural Areas Via Direct Collections And Digital Tools.

Mahesan Chit Fund offers Chit Schemes, Customer Application, and Spot Collection.

Mahesan Chit Fund operates through Mahesan Chit Fund Private Limited.

The legal entities of Mahesan Chit Fund currently have 3 directors, including Jaisankar Pradeep, Arumugam Ramadurai, Saravanan.

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