About Sree Visalam Chit Fund LTD
Sree Visalam Chit Fund LTD is a Financial Services company based in India founded in 1947. Chit fund operations in South India since 1947. The company has 140 employees. Its Indian entity Sree Visalam Chit Fund Ltd reported revenue of ₹13.48 Cr. Sree Visalam Chit Fund LTD offers products and services including Chit Funds and Online Payment Services. Its focus areas include Investment Products, Subscription Services, Online Payment Systems and Savings and Loans.
Company details
Sree Visalam Chit Fund LTD is identified as a chit fund organization that has been serving people in South India since 1947. It is recognized for receiving the Best Chit Fund Pinnacle Award in 2022, which was presented to its director. Various branches are maintained across cities, and online payment options for chit subscriptions have been introduced to facilitate transactions. The company operates under a structure that supports group savings schemes, with registered and administrative offices established in key locations. Overall, it is noted for its long-standing presence in financial services.
- Headquarters India
- Employees 140
- SectorsFinancial Services
- Email••••••••
- Website sreevisalam.com
- Social Facebook Instagram
- Legal Name Sree Visalam Chit Fund Ltd
- Date of Incorporation 06 Jan, 1947
- Jurisdiction Tirunelveli Town, Tamil Nadu, India
- Annual Revenue₹13.48 Cr
FY 2024 · +7% YoY
- Net Profit₹1.53 Cr
FY 2024 · 11% margin
- EBITDA₹2.28 Cr
FY 2024 · 17% margin
- Employee Count140
Associated legal entities of Sree Visalam Chit Fund LTD
Sree Visalam Chit Fund LTD operates through Sree Visalam Chit Fund Ltd (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 |
|---|---|---|---|---|---|---|---|
| Sree Visalam Chit Fund Ltd CIN U65991TN1947PLC002749 | Active | 06 Jan 1947 | Tirunelveli, Tamil Nadu | ₹13.5 Cr | 140 | 4 | View details |
Products & Services of Sree Visalam Chit Fund LTD
Sree Visalam Chit Fund LTD offers a comprehensive portfolio of products and services, including Chit Funds and Online Payment Services.
Chit funds are managed as group savings schemes that facilitate periodic contributions and lump-sum payouts
Online payment services are offered for chit subscriptions to enable convenient monthly transactions
Board of directors of Sree Visalam Chit Fund Ltd (Sree Visalam Chit Fund LTD)
Sree Visalam Chit Fund Ltd is the primary company behind Sree Visalam Chit Fund LTD. The board of Sree Visalam Chit Fund Ltd currently have 4 directors; the longest-serving is Chidambaram Chettiar Natarajan, appointed in 1994. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chidambaram Chettiar Natarajan DIN 00146655 | Whole-time director | 02 Apr 1994 | 32 yrs 7 mo | Sree Visalam Chit Fund Ltd |
| Arunachalam Viswanathan DIN 00145737 | Whole-time director | 22 Apr 1996 | 30 yrs 6 mo | Sree Visalam Chit Fund Ltd |
| Arunachalam Meenakshi DIN 00145859 | Whole-time director | 30 Sep 1996 | 30 yrs 1 mo | Sree Visalam Chit Fund Ltd |
| Arunachalam Umapathy DIN 00145949 | Managing Director | 01 Oct 2001 | 25 yrs 1 mo | Sree Visalam Chit Fund Ltd |
Financials of Sree Visalam Chit Fund LTD
Figures of Sree Visalam Chit Fund Ltd, the primary company behind Sree Visalam Chit Fund LTD, for FY 2024. Revenue was ₹13.48 Cr (+7% year on year). Net profit was ₹1.53 Cr (11% margin). EBITDA was ₹2.28 Cr (17% margin). Revenue has grown at a compounded annual rate of +14% over three years and +6% over five years.
- ₹13.48 CrRevenue · FY 2024 · +7% YoY
- ₹1.53 CrNet profit · 11% margin
- ₹2.28 CrEBITDA · 17% margin
- ₹8.6 LakhPaid-up capital
- 140Employees (provident fund records)
- +14%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sree Visalam Chit Fund Ltd are on its company page.
Detailed financial statements for Sree Visalam Chit Fund LTD
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Sree Visalam Chit Fund LTD (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about Sree Visalam Chit Fund LTD
Sree Visalam Chit Fund LTD was founded in 1947.
Sree Visalam Chit Fund LTD is headquartered in India.
Sree Visalam Chit Fund LTD has 140 employees.
The primary company behind Sree Visalam Chit Fund LTD, Sree Visalam Chit Fund Ltd, reported revenue of ₹13.48 Cr for FY 2024, up 7% year on year.
Sree Visalam Chit Fund LTD is identified as a chit fund organization that has been serving people in South India since 1947. It is recognized for receiving the Best Chit Fund Pinnacle Award in 2022, which was presented to its director. Various branches are maintained across cities, and online payment options for chit subscriptions have been introduced to facilitate transactions. The company operates under a structure that supports group savings schemes, with registered and administrative offices established in key locations. Overall, it is noted for its long-standing presence in financial services.
Sree Visalam Chit Fund LTD offers Chit Funds and Online Payment Services.
Sree Visalam Chit Fund LTD operates through Sree Visalam Chit Fund Ltd.
The legal entities of Sree Visalam Chit Fund LTD currently have 4 directors, including Arunachalam Umapathy, Arunachalam Viswanathan, Chidambaram Chettiar Natarajan and others.