Better Life Chits Private Limited
About Better Life Chits Private Limited
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Better Life Chits Private Limited is a private limited company based in Kozhikode, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 03 November 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL1995PTC009591.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.55 Lakh. It is led by directors including Godfrey Bernard Menacheri (Managing Director) and Elexton Lopez.
Its last annual general meeting (AGM) was held on 14 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at K M H B S Buildingm M Ali Road, Kozhikode, Kerala, India – 673002.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.56 Lakh, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹18,808 (net margin 2.2%) and EBITDA of ₹30,996 (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
Court records list 7 cases involving the company, including 7 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Better Life Chits Private Limited's registered office is in Kozhikode, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressK M H B S Buildingm M Ali Road, Kozhikode, Kerala, India – 673002
- IndustryFinancial Services, Financial Activities
To see the full contact details of Better Life Chits 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 Better Life 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 Better Life Chits Private Limited, buy the company report.
Financials of Better Life Chits Private Limited
FY 2025 filings availableBetter Life Chits Private Limited reported revenue of ₹8.56 Lakh (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 58% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹30,996 | ||||
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| Net Profit (PAT) | ₹18,808 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Better Life Chits Private Limited, buy the company report.
Board of directors of Better Life Chits Private Limited
Better Life Chits has 10 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Elexton Lopez | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Plathottam Jose Biju | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Cheriyathu Abraham George | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Godfrey Bernard Menacheri | Managing Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Jolly Peter Chirayath Francis | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
| Joy | Director | 25 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
Better Life 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 |
|---|---|---|---|---|---|---|
| Beebell Mutual Benefit Nidhi Limited | ₹8.57 Lakh (FY 2020) | 748.0% | Pratapgarh, Rajasthan, India | |||
| Sreenarayanagupthasamajam Kuries Private Limited | ₹8.57 Lakh (FY 2025) | 26.0% | Thrissur, Kerala, India | |||
| Sukumar Financial and Management Consultants Private Limited | ₹8.56 Lakh (FY 2016) | -11.0% | New Delhi, Delhi, India | |||
| SMM Holdings (India) Private Limited | ₹8.56 Lakh (FY 2017) | 151.0% | Delhi, India | |||
| Jhuria Financial Services Pvt Ltd | ₹8.56 Lakh (FY 2020) | 38.0% | Assam, India | |||
| Better Life Chits Private Limitedthis company | ₹8.56 Lakh (FY 2025) | ₹18,808 | 2.2% | -3.0% | Kozhikode, Kerala, India | |
| Jubilant Multipurpose Vision Nidhi Limited | ₹8.56 Lakh (FY 2022) | 1.0% | Haridwar, Uttarakhand, India | |||
| Vibhuti Nidhi Limited | ₹8.56 Lakh (FY 2024) | 10.0% | Saharanpur, Uttar Pradesh, India | |||
| Saraswati Inspiration Private Limited | ₹8.56 Lakh (FY 2025) | 100.0% | New Delhi, Delhi, India | |||
| Champavat Nidhi Limited | ₹8.56 Lakh (FY 2024) | 8.0% | Phalasiya Jhadol, Rajasthan, India | |||
| Vicinal Jobsurance Private Limited | ₹8.56 Lakh (FY 2024) | Bangalore, Karnataka, India |
To see the full peer comparison of Better Life Chits Private Limited, buy the company report.
Auditor
Better Life Chits Private Limited is audited by LUKE & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LUKE & CO. | FY 2017 | 001884S |
Shareholding
The shareholding of Better Life 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 Better Life Chits Private Limited, buy the company report.
Legal cases
Better Life Chits Private Limited has 7 court cases on record: 7 filed by Better Life Chits. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kozhikode, Kerala | Execution petition | Filed by the company against individuals | Disposed |
| District court, Kozhikode, Kerala | Execution petition | Filed by the company against an individual | Disposed |
| District court, Kozhikode, Kerala | Civil suit | Filed by the company against individuals | Disposed |
| District court, Kozhikode, Kerala | Civil suit | Filed by the company against individuals | Disposed |
| District court, Kozhikode, Kerala | Civil suit | Filed by the company against individuals | Disposed |
To see the full case history of Better Life 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 Better Life 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 Better Life Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Better Life Chits Private Limited has 18 board changes on record since 1995: 10 appointments and 8 cessations. The latest: Thomas Arumathanathu Ouseph ceased to be Director on 29 Sep 2017.
9 earlier events are in the company report.
Frequently asked questions
Better Life Chits is an active private limited company based in Kozhikode, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 03 November 1995 (31+ years old) and is registered under CIN U65992KL1995PTC009591.
Better Life Chits has 10 current directors:
- Godfrey Bernard Menacheri - Managing Director
- Elexton Lopez - Director
- Plathottam Jose Biju - Director
- Cheriyathu Abraham George - Director
- Jolly Peter Chirayath Francis - Director
- Joy - Director
- Vazhappilly Lona Baby - Director
- Edakalathur Vareed Raphael - Director
- Chungath Varghese Jossey - Director
- Binu Edward - Director
The latest financial statements of Better Life Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Better Life Chits is U65992KL1995PTC009591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Better Life Chits has 7 court cases on record: 7 filed by the company.
Better Life Chits was incorporated on 03 November 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Better Life Chits by revenue are Beebell Mutual Benefit Nidhi Limited, Sreenarayanagupthasamajam Kuries Private Limited, Sukumar Financial and Management Consultants Private Limited, SMM Holdings (India) Private Limited, Jhuria Financial Services Pvt Ltd and 5 more, all in the same principal business activity (other financial activities).
Thomas Arumathanathu Ouseph ceased to be Director on 29 Sep 2017. Binu Edward was appointed as Director on 25 Sep 2017. Cheriyathu Abraham George was appointed as Director on 25 Sep 2017. Better Life Chits has 18 board changes on record in total.
The registered office of Better Life Chits is at K M H B S Buildingm M Ali Road, Kozhikode, Kerala, India – 673002.
Better Life Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Better Life Chits is compliant as of 04 July 2026. The company is actively filing with the Registrar of Companies.