Chandan Credits Limited
About Chandan Credits Limited
Data last updated:
Chandan Credits Limited is a public limited company based in Chennai, Tamil Nadu, India. The company is currently classified as dormant under Section 455 of the Companies Act - it is legally registered but has declared that it is not conducting any business operations. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 26 June 1991.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65921TN1991PLC086297.
The company has an authorised share capital of ₹7.77 Cr and a paid-up capital of ₹7.76 Cr. It is led by directors including Ritesh Rai (Managing Director) and Joseph Philip.
Its last annual general meeting (AGM) was held on 26 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No: 6/13 North Avenue Kesavaperumalpuram, Chennai, Tamil Nadu, India – 600028.
Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 3 cases are pending.
Company details
CIN history
Chandan Credits has one previous CIN (Corporate Identification Number): U65921WB1991PLC111316. The current CIN is U65921TN1991PLC086297, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921TN1991PLC086297 | Current |
| U65921WB1991PLC111316 | Previous |
Contact details
Chandan Credits Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo: 6/13 North Avenue Kesavaperumalpuram, Chennai, Tamil Nadu, India – 600028
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Chandan Credits 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 Chandan Credits is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
Financials of Chandan Credits Limited
FY 2020 filings availableFinancial Statement Summary
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Financial Ratios
| Metrics | FY 2014-15 |
|---|---|
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To see the full financial statements and ratios of Chandan Credits Limited, buy the company report.
Board of directors of Chandan Credits Limited
Chandan Credits has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Rai Also directs: R K K R Steels Private Limited, Demeter Dealers Private Limited, Ojasvi Motor Finance Private Limited and 5 more | Managing Director | 21 Mar 2007 | 19 Years 7 Months | Current |
| Joseph Philip | Director | 30 Jun 2014 | 12 Years 4 Months | Current |
| Rajiv Rai Also directs: R K K R Steels Private Limited, Ojasvi Motor Finance Private Limited, Shantananda Steels Private Limited and 5 more | Director | 01 Aug 2008 | 18 Years 3 Months | Current |
Auditor
Chandan Credits Limited is audited by Sital Dharam & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sital Dharam & Co. | FY 2015 |
Shareholding
The shareholding of Chandan Credits Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Chandan Credits Limited, buy the company report.
Legal cases
Chandan Credits Limited has 6 court cases on record: 3 filed by Chandan Credits, 3 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 3 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (TCA) | Filed against the company by Principal Commissioner of Income Tax | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Principal Commissioner of Income Tax | Pending |
| High Court, TAMIL NADU | Court case (TCA) | Filed by the company against The Assistant Commisisoner of Income Tax | Disposed |
| High Court, TAMIL NADU | Court case (TCA) | Filed by the company against The Assistant Commissioner of Income Tax | Disposed |
| Calcutta High Court | Appeal | Filed by the company | Disposed |
To see the full case history of Chandan Credits 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 Chandan Credits Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Chandan Credits has 1 associated company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Chandan Credits Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Chandan Credits Limited has 9 board changes on record since 2007: 3 appointments and 6 cessations. The latest: Joseph Philip ceased to be Additional Director on 30 Sep 2014.
Frequently asked questions
Chandan Credits is classified as "Dormant" under Section 455 of the Companies Act. This means the company is legally registered but has officially declared that it is not currently conducting any business operations. A dormant company can be reactivated by following the prescribed procedures with the Registrar of Companies.
Chandan Credits is a dormant public limited company based in Chennai, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 26 June 1991 and is registered under CIN U65921TN1991PLC086297. The company is legally registered but not currently conducting business.
The compliance status of Chandan Credits is active non-compliant as of 06 September 2026.
Chandan Credits has 3 current directors:
- Ritesh Rai - Managing Director
- Joseph Philip - Director
- Rajiv Rai - Director
The CIN (Corporate Identification Number) of Chandan Credits is U65921TN1991PLC086297. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chandan Credits was incorporated on 26 June 1991. It is registered with the Registrar of Companies, Chennai.
The registered office of Chandan Credits is at No: 613 North Avenue Kesavaperumalpuram, Chennai, Tamil Nadu, India – 600028.
The latest financial statements of Chandan Credits on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 26 December 2020. Year-wise statements from 2015 are in the company report.
Chandan Credits operates in the financial services industry, in the diversified financial services segment.
Chandan Credits has 6 court cases on record: 3 filed by the company and 3 filed against it. 3 are pending.
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