BFC Chits Private Limited
About BFC Chits Private Limited
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BFC Chits Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 13 May 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN1994PTC027544. Its GSTIN is 33AAACB1961G1Z4 (Tamil Nadu).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Balasubramaniam Kundam and Durgi Varalakshmi Prabha.
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 21 Kasi Chetty St Madras – 1 Tamilnadu, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2024, the company reported a revenue of ₹80.14 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹3.53 Lakh (net margin 4.4%) and EBITDA of ₹6.08 Lakh (EBITDA margin 7.6%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 1% over five years.
Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
BFC Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address21 Kasi Chetty St Madras – 1 Tamilnadu, Chennai, Tamil Nadu, India – 600001
- IndustryFinancial Services, Financial Activities
To see the full contact details of BFC 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 BFC 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 BFC Chits Private Limited, buy the company report.
Financials of BFC Chits Private Limited
FY 2025 filings availableBFC Chits Private Limited reported revenue of ₹80.14 Lakh (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 7% fall in the latest year. EBITDA rose 29% 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 | ₹6.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.53 Lakh | ||||
| Balance Sheet | |||||
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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 | 7.6% | ||||
| Net Profit Margin | 4.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of BFC Chits Private Limited, buy the company report.
Board of directors of BFC Chits Private Limited
BFC Chits has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramaniam Kundam | Director | 01 Nov 1995 | 31 Years 0 Months | Current |
| Durgi Varalakshmi Prabha | Director | 01 Sep 2020 | 6 Years 2 Months | Current |
| Prakash Also directs: Srivaru Securities Private Limited | Director | 01 Sep 2020 | 6 Years 2 Months | Current |
| Addharalli Trilochan | Director | 01 Apr 2010 | 16 Years 7 Months | Current |
| Mani Kalangi | Director | 01 Apr 2010 | 16 Years 7 Months | Current |
| Harigopal Madhalam | Director | 13 May 1994 | 32 Years 5 Months | Current |
Peer comparison
BFC 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 |
|---|---|---|---|---|---|---|
| Priti Marketing Private Limited | ₹80.28 Lakh (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Mahija Chit Fund (Hyderabad) Private Limited | ₹80.28 Lakh (FY 2025) | 48.0% | Hyderabad, Telangana, India | |||
| Mangal Tea Marketing Ltd | ₹80.21 Lakh (FY 2025) | -65.0% | Kolkata, West Bengal, India | |||
| Pon Vasantham Nidhi Limited | ₹80.17 Lakh (FY 2025) | 11.0% | Nagercoil, Tamil Nadu, India | |||
| Itl Finlease and Securities Limited | ₹80.14 Lakh (FY 2020) | 2.0% | Delhi, India | |||
| BFC Chits Private Limitedthis company | ₹80.14 Lakh (FY 2024) | ₹3.53 Lakh | 4.4% | -7.0% | Chennai, Tamil Nadu, India | |
| Ronak Vyapaar Pvt.Ltd. | ₹80.13 Lakh (FY 2025) | 96.0% | Kolkata, West Bengal, India | |||
| Blufin Consulting Private Limited | ₹80.11 Lakh (FY 2025) | 301.0% | Mumbai, Maharashtra, India | |||
| Janani Sahayasangam Nidhi Limited | ₹80.11 Lakh (FY 2024) | 30.0% | Thrissur, Kerala, India | |||
| Kush Fincon Services Private Limited | ₹80.09 Lakh (FY 2025) | 17.0% | Ahmedabad, Gujarat, India | |||
| Apc Finance (India) Private Limited | ₹80.08 Lakh (FY 2025) | 13.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of BFC Chits Private Limited, buy the company report.
Auditor
BFC Chits Private Limited is audited by VPSN & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VPSN & ASSOCIATES | FY 2017 | 012455S |
Shareholding
The shareholding of BFC Chits Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of BFC Chits Private Limited, buy the company report.
Legal cases
BFC Chits Private Limited has 8 court cases on record: 5 filed by BFC Chits, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 0 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against an individual | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against an individual | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against individuals | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against individuals | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of BFC 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 BFC Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
BFC Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACB1961G1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of BFC Chits Private Limited, buy the company report.
Recent activity
BFC Chits Private Limited has 16 board changes on record since 1994: 7 appointments and 9 cessations. The latest: Durgi Varalakshmi Prabha ceased to be Additional Director on 31 Dec 2020.
7 earlier events are in the company report.
Frequently asked questions
BFC Chits is an active private limited company based in Chennai, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 13 May 1994 (32+ years old) and is registered under CIN U65991TN1994PTC027544.
BFC Chits has 6 current directors:
- Balasubramaniam Kundam - Director
- Durgi Varalakshmi Prabha - Director
- Prakash - Director
- Addharalli Trilochan - Director
- Mani Kalangi - Director
- Harigopal Madhalam - Director
The latest financial statements of BFC 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 GSTIN of BFC Chits is 33AAACB1961G1Z4, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of BFC Chits is U65991TN1994PTC027544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BFC Chits has 8 court cases on record: 5 filed by the company and 3 filed against it. Most are in the district courts.
BFC Chits was incorporated on 13 May 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of BFC Chits by revenue are Priti Marketing Private Limited, Mahija Chit Fund (Hyderabad) Private Limited, Mangal Tea Marketing Ltd, Pon Vasantham Nidhi Limited, Itl Finlease and Securities Limited and 5 more, all in the same principal business activity (other financial activities).
Durgi Varalakshmi Prabha ceased to be Additional Director on 31 Dec 2020. Prakash ceased to be Additional Director on 31 Dec 2020. Durgi Varalakshmi Prabha was appointed as Director on 01 Sep 2020. BFC Chits has 16 board changes on record in total.
The registered office of BFC Chits is at 21 Kasi Chetty St Madras – 1 Tamilnadu, Chennai, Tamil Nadu, India – 600001.
BFC Chits operates in the financial services industry, in the financial activities segment.
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