Chaamundi Chit Funds Private Limited
About Chaamundi Chit Funds Private Limited
Data last updated:
Chaamundi Chit Funds Private Limited is a private limited company based in Karimnagar, Telangana, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 26 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65929TG2016PTC113673. Its GSTIN is 36AAGCC7615L1ZD (Telangana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Basetty Laxman and Basetty Sridevi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 3 – 4 – 1701/1 Sai Nagar, Karimnagar, Telangana, India – 505001.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.49 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹50.21 Lakh (net margin 14.4%) and EBITDA of ₹68.72 Lakh (EBITDA margin 19.7%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years.
As per MCA filings, the company has open charges of ₹22.5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Chaamundi Chit Funds Private Limited's registered office is in Karimnagar, Telangana. Its e-mail address is in the company report.
- Email
- Registered Address3 – 4 – 1701/1 Sai Nagar, Karimnagar, Telangana, India – 505001
- IndustryFinancial Services, Other Financial Intermediation, Credit Allocation Agencies, Pawn Shops
To see the full contact details of Chaamundi 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 Chaamundi 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 Chaamundi Chit Funds Private Limited, buy the company report.
Financials of Chaamundi Chit Funds Private Limited
FY 2023 filings availableChaamundi Chit Funds Private Limited reported revenue of ₹3.49 Cr (up 34% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 36% over three years, including 34% growth in the latest year. EBITDA rose 25% 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 |
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| EBITDA | ₹68.72 Lakh | ||||
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| Net Profit (PAT) | ₹50.21 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 19.7% | ||||
| Net Profit Margin | 14.4% | ||||
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To see the full financial statements and ratios of Chaamundi Chit Funds Private Limited, buy the company report.
Board of directors of Chaamundi Chit Funds Private Limited
Chaamundi Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basetty Laxman | Director | 26 Dec 2016 | 9 Years 10 Months | Current |
| Basetty Sridevi | Director | 26 Dec 2016 | 9 Years 10 Months | Current |
Peer comparison
Chaamundi Chit Funds Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Sivamurugan Chit Funds Private Limited | ₹4.11 Cr (FY 2024) | 4.0% | Chidambaranar, Tamil Nadu, India | |||
| SKST Chit Funds Private Limited | ₹3.99 Cr (FY 2024) | -5.0% | Coimbatore, Tamil Nadu, India | |||
| Arishanapally Chit Funds Private Limited | ₹3.59 Cr (FY 2024) | -19.0% | Hyderabad, Telangana, India | |||
| Chaamundi Chit Funds Private Limitedthis company | ₹3.49 Cr (FY 2023) | ₹50.21 Lakh | 14.4% | 34.0% | Karimnagar, Telangana, India | |
| Vijaya Sarika Chit Funds Private Limited | ₹3.38 Cr (FY 2025) | 8.0% | Jagtial, Telangana, India | |||
| Kanakadurga Chit Funds Private Limited | ₹3.32 Cr (FY 2025) | -20.0% | Hasanparthy, Telangana, India | |||
| Rajayoham Chit Funds Private Limited | ₹3.15 Cr (FY 2025) | 27.0% | Ethapur, Salem(Dt.), Tamil Nadu, India | |||
| Sai Likhith Chit Funds Private Limited | ₹3.01 Cr (FY 2025) | 68.0% | Hyderabad, Telangana, India | |||
| Ramesh Chit Funds Private Limited | ₹2.91 Cr (FY 2025) | 4.0% | Pollachi, Tamil Nadu, India |
To see the full peer comparison of Chaamundi Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2024 | 101002426 | Others | ₹22.5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Chaamundi 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 Chaamundi Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Chaamundi Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCC7615L1ZD | Telangana | Active | 22 May 2019 |
To see the full GST registrations and return filing status of Chaamundi Chit Funds Private Limited, buy the company report.
Recent activity
Chaamundi Chit Funds Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Basetty Laxman was appointed as Director on 26 Dec 2016.
Frequently asked questions
Chaamundi Chit Funds is an active private limited company based in Karimnagar, Telangana, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 26 December 2016 (10+ years old) and is registered under CIN U65929TG2016PTC113673.
Chaamundi Chit Funds has 2 current directors:
- Basetty Laxman - Director
- Basetty Sridevi - Director
The latest financial statements of Chaamundi Chit Funds on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Chaamundi Chit Funds is 36AAGCC7615L1ZD, registered in Telangana.
The CIN (Corporate Identification Number) of Chaamundi Chit Funds is U65929TG2016PTC113673. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chaamundi Chit Funds was incorporated on 26 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Chaamundi Chit Funds by revenue are Sivamurugan Chit Funds Private Limited, SKST Chit Funds Private Limited, Arishanapally Chit Funds Private Limited, Vijaya Sarika Chit Funds Private Limited, Kanakadurga Chit Funds Private Limited and 3 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Basetty Laxman was appointed as Director on 26 Dec 2016. Basetty Sridevi was appointed as Director on 26 Dec 2016.
The registered office of Chaamundi Chit Funds is at 3 – 4 – 17011 Sai Nagar, Karimnagar, Telangana, India – 505001.
Chaamundi Chit Funds operates in the financial services industry, in the other financial intermediation segment.
Chaamundi Chit Funds has open charges of ₹22.5 Lakh and no satisfied charges on record as per latest MCA filings.
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