MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-26-0032561
Bala Saraswathi Chits Private Limited
Bala Saraswathi Chits Private Limited - financial services in Tuticorin, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.88 Cr
▼ 8% YoY
Net profit · FY 2024
₹4.48 Lakh
Net margin 2.4%
EBITDA · FY 2024
₹40.08 Lakh
EBITDA margin 21.3%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹14 Lakh
Issued & subscribed
Open charges
₹80 Lakh
Secured borrowings
Company age
19 yrs
Est. 2007
Directors on board
3
As per MCA filings
About Bala Saraswathi Chits Private Limited
Data last updated:
Bala Saraswathi Chits Private Limited is a private limited company based in Tuticorin, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 17 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2007PTC065756.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹14 Lakh. It is led by directors including Narayanan Bala Krishnan (Managing Director) and Balakrishnan Marijanani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 165 Mela Shunmugapuram Second Street, Tuticorin, Tamil Nadu, India – 628003.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.88 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹4.48 Lakh (net margin 2.4%) and EBITDA of ₹40.08 Lakh (EBITDA margin 21.3%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹80 Lakh on record. Court records list 8 cases involving the company, including 8 filed by the company; 2 cases are pending.
Bala Saraswathi Chits Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-26-0032561). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U65992TN2007PTC065756
Registration Number 065756
Incorporation Date 17 December 2007
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-26-0032561
Key People
Narayanan Bala Krishnan Managing Director Balakrishnan Marijanani Director Balakrishnan Saraswathi Director Recognitions & Rankings of Bala Saraswathi Chits
Contact details
Bala Saraswathi Chits Private Limited's registered office is in Tuticorin, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address165 Mela Shunmugapuram Second Street, Tuticorin, Tamil Nadu, India – 628003
- IndustryFinancial Services, Financial Activities
To see the full contact details of Bala Saraswathi Chits Private Limited, buy the company report.
Comprehensive company report
Bala Saraswathi Chits Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Bala Saraswathi Chits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Bala Saraswathi Chits Private Limited, buy the company report.
Financials of Bala Saraswathi Chits Private Limited
FY 2025 filings availableBala Saraswathi Chits Private Limited reported revenue of ₹1.88 Cr (down 8% YoY) for FY 2024.
Revenue · FY 2024
₹1.88 Cr ▼ 8%
Net profit · FY 2024
₹4.48 Lakh margin 2.4%
EBITDA · FY 2024
₹40.08 Lakh margin 21.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 8%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 6%
5 years · compounded
▼ 2%
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 13% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹40.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.48 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.3% | ||||
| Net Profit Margin | 2.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Bala Saraswathi Chits Private Limited, buy the company report.
Board of directors of Bala Saraswathi Chits Private Limited
Bala Saraswathi Chits has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balakrishnan Marijanani Also directs: Bala Saraswathi Nidhi Limited | Director | 10 Mar 2021 | 5 Years 7 Months | Current |
| Narayanan Bala Krishnan Also directs: Bala Saraswathi Nidhi Limited | Managing Director | 17 Dec 2007 | 18 Years 10 Months | Current |
| Balakrishnan Saraswathi Also directs: Bala Saraswathi Nidhi Limited | Director | 17 Dec 2007 | 18 Years 10 Months | Current |
Peer comparison
Bala Saraswathi Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D.N.Verma Forex and Travels Private Limited | ₹1.88 Cr (FY 2025) | 483.0% | Kushinagar, Uttar Pradesh, India | |||
| Neestham Chits Private Limited | ₹1.88 Cr (FY 2025) | -21.0% | Hyderabad, Telangana, India | |||
| Rank Ispat Private Limited | ₹1.88 Cr (FY 2025) | 46.0% | Kolkata, West Bengal, India | |||
| Dimensional Insurance Brokers Private Limited | ₹1.88 Cr (FY 2025) | 37583.0% | Kolkata, West Bengal, India | |||
| Kaametardha Chit Funds Private Limited | ₹1.88 Cr (FY 2025) | 56.0% | Secunderabad, Telangana, India | |||
| Bala Saraswathi Chits Private Limitedthis company | ₹1.88 Cr (FY 2024) | ₹4.48 Lakh | 2.4% | -8.0% | Tuticorin, Tamil Nadu, India | |
| Sri Balaji Sai Ram Chit Fund Private Limited | ₹1.88 Cr (FY 2025) | 3.0% | Sangareddy, Telangana, India | |||
| Roxy Merchants Ltd. | ₹1.88 Cr (FY 2025) | 49.0% | Kolkata, West Bengal, India | |||
| Navsari Commodities Pvt Ltd | ₹1.88 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| Prince Dealtrade Private Limited | ₹1.88 Cr (FY 2023) | 6.0% | Kolkata, West Bengal, India | |||
| Nipun Insurance Brokers Private Limited | ₹1.88 Cr (FY 2025) | -20.0% | Pune, Maharashtra, India |
To see the full peer comparison of Bala Saraswathi Chits Private Limited, buy the company report.
Auditor
Bala Saraswathi Chits Private Limited is audited by D.SELVA SIVA SANKARY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.SELVA SIVA SANKARY | FY 2017 | 208778 |
Shareholding
The shareholding of Bala Saraswathi Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Bala Saraswathi Chits Private Limited, buy the company report.
Charges & borrowings
Open charges
₹80 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Feb 2024 | 100867996 | Others | ₹10 Lakh | Open | |
| 25 Apr 2023 | 100721920 | Others | ₹70 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Bala Saraswathi Chits Private Limited has 8 court cases on record: 8 filed by Bala Saraswathi Chits. 2 cases are pending and 6 are disposed.
Total cases
8
Filed by the company
8
Pending
2
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 0 | 2 |
Cases on record (4 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thoothukudi, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Thoothukudi, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| District court, Thoothukudi, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Thoothukudi, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Bala Saraswathi Chits Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bala Saraswathi Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Bala Saraswathi Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bala Saraswathi Chits Private Limited has 3 board changes on record since 2007: 3 appointments. The latest: Balakrishnan Marijanani was appointed as Director on 10 Mar 2021.
AGM
Bala Saraswathi Chits Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bala Saraswathi Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 10.00 Lakh with Charge ID 100867996 was registered on 01 Feb 2024.
Charges
A charge with Others amounted to Rs. 70.00 Lakh with Charge ID 100721920 was registered on 25 Apr 2023.
Appointed
Balakrishnan Marijanani was appointed as Director.
Appointed
Balakrishnan Saraswathi was appointed as Director.
Appointed
Narayanan Bala Krishnan was appointed as Managing Director.
Incorporation
17 Dec 2007
Bala Saraswathi Chits Private Limited was registered on 17 Dec 2007 with Roc Chennai & aged 18 years 10 months as per MCA records.
Frequently asked questions
Bala Saraswathi Chits is an active private limited company based in Tuticorin, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 17 December 2007 (19+ years old) and is registered under CIN U65992TN2007PTC065756.
Bala Saraswathi Chits has 3 current directors:
- Narayanan Bala Krishnan - Managing Director
- Balakrishnan Marijanani - Director
- Balakrishnan Saraswathi - Director
The latest financial statements of Bala Saraswathi Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Bala Saraswathi Chits is U65992TN2007PTC065756. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bala Saraswathi Chits has 8 court cases on record: 8 filed by the company. 2 are pending.
Bala Saraswathi Chits was incorporated on 17 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Bala Saraswathi Chits by revenue are D.N.Verma Forex and Travels Private Limited, Neestham Chits Private Limited, Rank Ispat Private Limited, Dimensional Insurance Brokers Private Limited, Kaametardha Chit Funds Private Limited and 5 more, all in the same principal business activity (other financial activities).
Balakrishnan Marijanani was appointed as Director on 10 Mar 2021. Balakrishnan Saraswathi was appointed as Director on 17 Dec 2007. Narayanan Bala Krishnan was appointed as Managing Director on 17 Dec 2007.
Yes, Bala Saraswathi Chits is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-26-0032561).
The registered office of Bala Saraswathi Chits is at 165 Mela Shunmugapuram Second Street, Tuticorin, Tamil Nadu, India – 628003.
Bala Saraswathi Chits operates in the financial services industry, in the financial activities segment.