Cherubic Chits Private Limited

Cherubic Chits Private Limited - financial services in Hyderabad, Telangana, India. Directors, charges & compliance details.
CIN U65992TG1981PTC003238 Incorporated 22 October 1981 ROC Hyderabad HQ Hyderabad, Telangana, India
Struck Off Private Limited Company financial services
Data last updated
Revenue · FY 2022
₹57,134
▼ 98% YoY
Net loss · FY 2022
₹28.73 Lakh
Latest filing
EBITDA · FY 2022
-₹27.67 Lakh
Latest filing
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹4.5 Lakh
Issued & subscribed
Satisfied charges
₹2.9 Lakh
No open charges
Company age
45 yrs
Est. 1981
Directors on board
2
As per MCA filings

About Cherubic Chits Private Limited

Data last updated:

Cherubic Chits Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the microfinance institutions segment of the financial services sector. It was incorporated on 22 October 1981.

The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG1981PTC003238. The company has 2 GST registrations on record, none of which is active.

The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.5 Lakh. It was led by directors Gudiseva Venkata Subbarao and Penmetsa Venkata Satya Vijaya Kumar Varma.

Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 4 – B Dhruvatara Apartments 6 – 3 – 652/D M Amruta Estates Somajiguda, Hyderabad, Telangana, India.

As per the financials filed for FY 2022, the company reported a revenue of ₹57,134, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹28.73 Lakh and EBITDA of -₹27.67 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 60% over five years.

As per MCA filings, the company had satisfied charges of ₹2.9 Lakh on record. Court records list 24 cases involving the company, including 24 filed by the company.

Company Details of Cherubic Chits Private Limited
CIN U65992TG1981PTC003238
Registration Number 003238
Incorporation Date 22 October 1981
ROC Hyderabad
Listing Status Unlisted
Company Status Struck Off
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
Key People
Gudiseva Venkata Subbarao Director Penmetsa Venkata Satya Vijaya Kumar Varma Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    4 – B Dhruvatara Apartments 6 – 3 – 652/D M Amruta Estates Somajiguda, Hyderabad, Telangana, India
  • Industry
    Financial Services, Microfinance Institutions
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Financials, compliance, directors, charges, ownership and filings for Cherubic Chits Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Cherubic Chits Private Limited

The main business activity of Cherubic Chits is financial and insurance service. In detail, this covers other financial activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
KFinancial and insurance ServiceK8Other financial activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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  • Historical classifications
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Financials of Cherubic Chits Private Limited FY 2022 filings available

Cherubic Chits Private Limited reported revenue of ₹57,134 (down 98% YoY) for FY 2022.

Revenue · FY 2022
₹57,134 ▼ 98%
Net loss · FY 2022
₹28.73 Lakh
EBITDA · FY 2022
-₹27.67 Lakh

Compounded Annual Growth Rate (CAGR) of Cherubic Chits Private Limited

Revenue CAGR growth
1 year
▼ 98%
3 years · compounded
▼ 78%
5 years · compounded
▼ 60%
EBITDA CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 162%
5 years · compounded
▼ 72%

Revenue has declined at a compounded annual rate (CAGR) of 60% over five years, including a 98% fall in the latest year. EBITDA fell 79% 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 of Cherubic Chits Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹57,134••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA-₹27.67 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹28.73 Lakh••••••••••••••••
Balance Sheet
Share Capital••••••••••••••••••••
Reserves and Surplus••••••••••••••••••••
Net Worth (Total Equity)••••••••••••••••••••
Long-term Borrowings••••••••••••••••••••
Short-term Borrowings••••••••••••••••••••
Trade Payables••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of Cherubic Chits Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin••••••••••••••••••••
Net Profit Margin••••••••••••••••••••
Return on Equity (ROE)••••••••••••••••••••
Return on Capital Employed (ROCE)••••••••••••••••••••
Return on Assets (ROA)••••••••••••••••••••
Liquidity and Debt
Current Ratio••••••••••••••••••••
Quick Ratio••••••••••••••••••••
Debt-to-Equity Ratio••••••••••••••••••••
Interest Coverage Ratio••••••••••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••••••••••
Receivable Days••••••••••••••••••••
Payable Days••••••••••••••••••••
Inventory Days••••••••••••••••••••
Revenue Growth••••••••••••••••••••
Net Profit Growth••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Cherubic Chits are in the company report.

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Financial statements from 2015

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Peer Comparison of Cherubic Chits Private Limited

Cherubic Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Sulabh Credit & Leasing Private Limited₹59,800 (FY 2024)••••••••0.0%••••New Delhi, Delhi, India
Varghit Nidhi Limited₹59,250 (FY 2020)••••••••••••Jaunpur, Uttar Pradesh, India
Fervent Securities Private Limited₹59,000 (FY 2025)••••••••••••Mumbai, Maharashtra, India
Trijoginath Nidhi Limited₹58,297 (FY 2021)••••••••••••Kolkata, West Bengal, India
Santmoraya Micro Finance Private Limited₹57,365 (FY 2025)••••••••267.0%••••Aurangabad, Maharashtra, India
Cherubic Chits Private Limited this company₹57,134 (FY 2022)••••••••-98.0%••••Hyderabad, Telangana, India
Finsupport Micro Foundation₹56,437 (FY 2025)••••••••120.0%••••New Delhi, Delhi, India
R.C.R Chit Funds Private Limited₹56,295 (FY 2023)••••••••-58.0%••••Chennai, Tamil Nadu, India
Ganjeena Nidhi Limited₹54,375 (FY 2019)••••••••••••Rajouri, Jammu and Kashmir, India
Infinite La Chit Fund Private Limited₹54,231 (FY 2024)••••••••24.0%••••Hyderabad, Telangana, India
Mahima Auto & Finance Limited.₹54,000 (FY 2025)••••••••-54.0%••••Indore, Madhya Pradesh, India

Peers are the five companies nearest above and the five nearest below Cherubic Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Cherubic Chits Private Limited

Cherubic Chits Private Limited is audited by I SUDHAKER & CO for the financial year 2021.

NameStatusAppointment DateCessation Date
I SUDHAKER & COLockedLockedLocked
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Board of Directors of Cherubic Chits Private Limited

Cherubic Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Gudiseva Venkata SubbaraoDirector18 Dec 199035 Years 9 MonthsAs last reported
Penmetsa Venkata Satya Vijaya Kumar VarmaDirector15 Sep 199729 Years 0 MonthsAs last reported
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Ownership and Shareholding of Cherubic Chits Private Limited

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Charges & Borrowings of Cherubic Chits Private Limited

Open charges
None
Satisfied charges
₹2.9 Lakh
Breakdown by lending institutions
The Karur Vysya Bank Ltd₹0.03 Cr
Latest charge details
DateLenderAmountStatus
23 Apr 2007The Karur Vysya Bank Ltd₹2.9 LakhSatisfied

Total charge records: 1 View all charges

Employees and EPFO Compliance at Cherubic Chits Private Limited

Employment history and EPFO contributions of people linked to Cherubic Chits.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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CIN History of Cherubic Chits Private Limited

Cherubic Chits has one previous CIN (Corporate Identification Number): U65992AP1981PTC003238. The current CIN is U65992TG1981PTC003238, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U65992TG1981PTC003238Current
U65992AP1981PTC003238Previous

Recent Activity on Cherubic Chits Private Limited

Cherubic Chits Private Limited has 3 board changes on record since 1990: 2 appointments and 1 cessation. The latest: Gudiseva Satyanarayana Rao ceased to be Managing Director on 25 Sep 2007.

Charges
A charge registered on 23 Apr 2007 via Charge ID 10056029 with The Karur Vysya Bank Ltd was fully satisfied on 04 Jan 2023.
AGM
Cherubic Chits Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Cherubic Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Hyderabad.
Ceased
Gudiseva Satyanarayana Rao ceased to be Managing Director.
Charges
A charge with The Karur Vysya Bank Ltd amounted to Rs. 2.90 Lakh with Charge ID 10056029 was registered on 23 Apr 2007.
Appointed
Penmetsa Venkata Satya Vijaya Kumar Varma was appointed as Director.
Appointed
Gudiseva Venkata Subbarao was appointed as Director.
Incorporation
22 Oct 1981
Cherubic Chits Private Limited was registered on 22 Oct 1981 with Roc Hyderabad & aged 44 years 11 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Cherubic Chits Private Limited

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MSME Payment Delays by Cherubic Chits Private Limited

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Subsidiaries & Group Companies of Cherubic Chits Private Limited

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GST Compliance of Cherubic Chits Private Limited

Cherubic Chits has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
2
Cancelled / inactive
2
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MCA Filings & Documents of Cherubic Chits Private Limited

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Frequently Asked Questions about Cherubic Chits Private Limited

Cherubic Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.

Cherubic Chits was a private limited company based in Hyderabad, Telangana, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 22 October 1981 and is registered under CIN U65992TG1981PTC003238. The company has been struck off by the Registrar of Companies and is no longer operational.

Cherubic Chits had 2 directors:

The CIN (Corporate Identification Number) of Cherubic Chits is U65992TG1981PTC003238. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Cherubic Chits is at 4 – B Dhruvatara Apartments 6 – 3 – 652D M Amruta Estates Somajiguda, Hyderabad, Telangana, India.

Cherubic Chits was incorporated on 22 October 1981. It is registered with the Registrar of Companies, Hyderabad.

Cherubic Chits reported revenue of ₹57,134 for FY 2022 (down 98% YoY).

Cherubic Chits has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.5 Lakh.

Cherubic Chits reported a net loss of ₹28.73 Lakh and EBITDA of -₹27.67 Lakh for FY 2022, as per its filed financial statements.

No. Cherubic Chits has 2 GST registrations on record and all of them are cancelled or inactive.

Cherubic Chits operated in the financial services industry, in the microfinance institutions segment. It worked in this industry before it was struck off.

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