About Margadarsi Chit Fund
Margadarsi Chit Fund is a Financial Services company based in Hyderabad (India) founded in 1962. Functions as a cooperative lending company providing financial services. It operates on a B2C model. The company has 737 employees. Its website margadarsi.com draws about 33 thousand monthly visits. Its Indian entity Margadarsi Chit Fund Private Limited reported revenue of ₹570 Cr. Its focus areas include Finance, Banking, Lending and Cooperative Funds. Its competitors include Kannattu, Saya Nidhi and Smart Nidhi Finance.
Company details
Margadarsi Chit Fund, founded in 1962 in Hyderabad, India, focuses on finance, banking, facilitating loans and financing, and cooperative funds. Functions as a cooperative lending company providing financial services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Hyderabad, India
- Employees 737
- SectorsFinancial Services
- Website margadarsi.com
- Social Facebook
- Legal Name Margadarsi Chit Fund Private Limited
- Date of Incorporation 31 Aug, 1962
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹570 Cr
FY 2024 · +3% YoY
- Net Profit₹448 Cr
FY 2024 · 55% margin
- EBITDA₹470 Cr
FY 2024 · 58% margin
- Employee Count737
Associated legal entities of Margadarsi Chit Fund
Margadarsi Chit Fund is associated with 3 registered companies on The Company Check; the primary company is Margadarsi Chit Fund Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Margadarsi Chit Fund Private Limited CIN U65992TG1962PTC000927 | Active | 31 Aug 1962 | Hyderabad, Telangana | ₹570 Cr | 2,901 | 3 | View details |
| Margadarsi Chits (Karnataka) Private Limited CIN U65992KA2001PTC028802 | Active | 22 Mar 2001 | Bangalore, Karnataka | ₹177 Cr | 685 | 3 | View details |
| Margadarsi Chits Private Limited CIN U65991TN1993PTC025267 | Active | 18 Jun 1993 | Chennai, Tamil Nadu | ₹89.2 Cr | 448 | 3 | View details |
Board of directors of Margadarsi Chit Fund Private Limited (Margadarsi Chit Fund)
Margadarsi Chit Fund Private Limited is the primary company behind Margadarsi Chit Fund. The boards of the 3 registered companies of Margadarsi Chit Fund currently have 5 directors; the longest-serving is Sailaja Cherukuri, appointed in 2001. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sailaja Cherukuri DIN 00093906 | Director | 22 Mar 2001 | 25 yrs 7 mo | Margadarsi Chits (Karnataka) Private Limited, Margadarsi Chit Fund Private Limited, Margadarsi Chits Private Limited |
| Palavalasa Lakshmanarao DIN 08977715 | Director | 01 Dec 2020 | 5 yrs 10 mo | Margadarsi Chits (Karnataka) Private Limited |
| Venkata Swamy Surabathini DIN 06899591 | Whole-time director | 03 Nov 2022 | 3 yrs 11 mo | Margadarsi Chit Fund Private Limited |
| Emmadi Sreedhar DIN 10555133 | Whole-time director | 20 Mar 2024 | 2 yrs 7 mo | Margadarsi Chits Private Limited |
| Kiron Cherukuri DIN 00833663 | Additional Director | 03 Dec 2024 | 1 yr 10 mo | Margadarsi Chits (Karnataka) Private Limited, Margadarsi Chit Fund Private Limited, Margadarsi Chits Private Limited |
People of Margadarsi Chit Fund
2 people are tracked at Margadarsi Chit Fund (1 in leadership, 1 in team); the tracked headcount is 737.
| Name | Role | Group |
|---|---|---|
Sailaja Kiron | Managing Director | Leadership |
Sri Sri | Executive | Team |
Complete people profiles for Margadarsi Chit Fund
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Financials of Margadarsi Chit Fund
Figures of Margadarsi Chit Fund Private Limited, the primary company behind Margadarsi Chit Fund, for FY 2024. Revenue was ₹570 Cr (+3% year on year). Net profit was ₹448 Cr (55% margin). EBITDA was ₹470 Cr (58% margin). Revenue has grown at a compounded annual rate of +3% over five years.
- ₹570 CrRevenue · FY 2024 · +3% YoY
- ₹448 CrNet profit · 55% margin
- ₹470 CrEBITDA · 58% margin
- ₹2.00 CrPaid-up capital
- 2,901Employees (provident fund records)
- +3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Margadarsi Chit Fund Private Limited are on its company page.
Detailed financial statements for Margadarsi Chit Fund
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Competitors of Margadarsi Chit Fund
Margadarsi Chit Fund has 3 listed competitors in our database. They include Kannattu, Saya Nidhi and Smart Nidhi Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kannattu.com | 1986 | Chengannur, India | 112 | Offers gold loans, insurance, travel services, and money transfer in India. | ||
| sayanidhi.com | 2018 | Jaipur, India | Financial company providing deposits, loans, saving accounts, and schemes for members in India. | |||
| smartnidhi.com | 1989 | Jamshedpur, India | Operates as a cooperative firm offering consumer loans. |
Detailed competitors of Margadarsi Chit Fund
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Web traffic of Margadarsi Chit Fund
The website of Margadarsi Chit Fund (margadarsi.com) receives about 33.3K visits a month.
- Monthly visits33.3K
▼ 9.1% vs previous month
Websites whose visitors overlap most with Margadarsi Chit Fund. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| kapilchits.com | 100% | #852,395 | View details | ||
| shriramchits.com | 81% | 3.1K | #5,727,779 | View details | |
| shriramchits.in | 78% | #1,457,632 | View details | ||
| gokulamchits.com | 68% | #1,003,839 | View details | ||
| msilchits.com | 66% | 4.1K | #3,455,710 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Margadarsi Chit Fund
Complete news archive for Margadarsi Chit Fund
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Frequently Asked Questions about Margadarsi Chit Fund
Margadarsi Chit Fund was founded in 1962.
Margadarsi Chit Fund is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Margadarsi Chit Fund has 737 employees.
The primary company behind Margadarsi Chit Fund, Margadarsi Chit Fund Private Limited, reported revenue of ₹570 Cr for FY 2024, up 3% year on year.
Margadarsi Chit Fund, founded in 1962 in Hyderabad, India, focuses on finance, banking, facilitating loans and financing, and cooperative funds. Functions as a cooperative lending company providing financial services. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Margadarsi Chit Fund's top competitors include Kannattu, Saya Nidhi and Smart Nidhi Finance.
Margadarsi Chit Fund is associated with 3 legal entities: Margadarsi Chit Fund Private Limited, Margadarsi Chits (Karnataka) Private Limited, Margadarsi Chits Private Limited.
The legal entities of Margadarsi Chit Fund currently have 5 directors, including Palavalasa Lakshmanarao, Sailaja Cherukuri, Kiron Cherukuri and others.