Balan Chit Funds Private Limited
About Balan Chit Funds Private Limited
Data last updated:
Balan Chit Funds Private Limited is a private limited company based in Thiruvidaimaruthur, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 12 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2012PTC086259. Its GSTIN is 33AAFCB0812K1Z2 (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Mohanasundaram and Pushpavalli.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 33F Amman Koil Street Aduthurai, Thiruvidaimaruthur, Tamil Nadu, India – 612101.
As per the financials filed for FY 2023, the company reported a revenue of ₹27.5 Lakh, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.3 Lakh (net margin 4.7%) and EBITDA of ₹2.69 Lakh (EBITDA margin 9.8%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 1% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Balan Chit Funds Private Limited's registered office is in Thiruvidaimaruthur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address33F Amman Koil Street Aduthurai, Thiruvidaimaruthur, Tamil Nadu, India – 612101
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Balan Chit Funds Private Limited, buy the company report.
- 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
Business activity
The main business activity of Balan Chit Funds 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 Balan Chit Funds Private Limited, buy the company report.
Financials of Balan Chit Funds Private Limited
FY 2023 filings availableBalan Chit Funds Private Limited reported revenue of ₹27.5 Lakh (up 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 19% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 39% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹27.5 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.3 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | ||||
| Net Profit Margin | 4.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Balan Chit Funds Private Limited, buy the company report.
Board of directors of Balan Chit Funds Private Limited
Balan Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohanasundaram Also directs: Balan Nidhi Limited, Sri Sukran Chit Funds Private Limited | Director | 12 Jun 2012 | 14 Years 4 Months | Current |
| Pushpavalli Also directs: Balan Nidhi Limited, Sri Sukran Chit Funds Private Limited | Director | 12 Jun 2012 | 14 Years 4 Months | Current |
Peer comparison
Balan Chit Funds Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Chit Funds, Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| Vidhathri Chit Funds Private Limited | ₹27.63 Lakh (FY 2024) | -40.0% | Warangal, Telangana, India | |||
| Mauli Navnirman Sakkardara Nidhi Limited | ₹27.63 Lakh (FY 2025) | -62.0% | Nagpur, Maharashtra, India | |||
| My Fins Nidhi Limited | ₹27.55 Lakh (FY 2025) | 23.0% | Thrissur, Kerala, India | |||
| Balan Chit Funds Private Limitedthis company | ₹27.5 Lakh (FY 2023) | ₹1.3 Lakh | 4.7% | 19.0% | Thiruvidaimaruthur, Tamil Nadu, India | |
| Sartha Micro Finance Foundation | ₹27.36 Lakh (FY 2023) | 1.0% | Raipur, Chhattisgarh, India | |||
| Lloyd Kuries Private Limited | ₹27.28 Lakh (FY 2025) | 4.0% | Thrissur, Kerala, India | |||
| Swish Boss Nidhi Limited | ₹27.18 Lakh (FY 2024) | 11.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Balan Chit Funds Private Limited, buy the company report.
Auditor
Balan Chit Funds Private Limited is audited by R RAJENDRAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R RAJENDRAN & CO | FY 2023 | 03463S |
Shareholding
The shareholding of Balan Chit Funds Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Balan Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Balan Chit Funds Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balan Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balan Chit Funds has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCB0812K1Z2 | Tamil Nadu | Active | 19 Feb 2018 |
| 33AAACM6197R1ZS | Tamil Nadu | Active | 21 Feb 2018 |
To see the full GST registrations and return filing status of Balan Chit Funds Private Limited, buy the company report.
Recent activity
Balan Chit Funds Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Mohanasundaram was appointed as Director on 12 Jun 2012.
Frequently asked questions
Balan Chit Funds is an active private limited company based in Thiruvidaimaruthur, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 12 June 2012 (14+ years old) and is registered under CIN U65992TN2012PTC086259.
Balan Chit Funds has 2 current directors:
- Mohanasundaram - Director
- Pushpavalli - Director
The latest financial statements of Balan Chit Funds on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Balan Chit Funds is 33AAFCB0812K1Z2, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACM6197R1ZS (Tamil Nadu).
The CIN (Corporate Identification Number) of Balan Chit Funds is U65992TN2012PTC086259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balan Chit Funds was incorporated on 12 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Balan Chit Funds by revenue are Vidhathri Chit Funds Private Limited, Mauli Navnirman Sakkardara Nidhi Limited, My Fins Nidhi Limited, Sartha Micro Finance Foundation, Lloyd Kuries Private Limited and 1 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Mohanasundaram was appointed as Director on 12 Jun 2012. Pushpavalli was appointed as Director on 12 Jun 2012.
The registered office of Balan Chit Funds is at 33F Amman Koil Street Aduthurai, Thiruvidaimaruthur, Tamil Nadu, India – 612101.
Balan Chit Funds operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Balan Chit Funds is compliant as of 13 August 2026. The company is actively filing with the Registrar of Companies.