Convincing Chit Fund Pvt Ltd
About Convincing Chit Fund Pvt Ltd
Data last updated:
Convincing Chit Fund Pvt Ltd is a private limited company based in Haryana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 17 April 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U65992HR1995PTC032634.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jyoti Goyal and Naveen Kumar Goyal.
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 22 Palam Vihar Extn, Gurgaon, Haryana, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.81 Lakh, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹51,251 (net margin 8.8%) and EBITDA of ₹71,382 (EBITDA margin 12.3%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address22 Palam Vihar Extn, Gurgaon, Haryana, India
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Business Activity of Convincing Chit Fund Pvt Ltd
The main business activity of Convincing Chit Fund is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Convincing Chit Fund Pvt Ltd FY 2025 filings available
Convincing Chit Fund Pvt Ltd reported revenue of ₹5.81 Lakh (down 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Convincing Chit Fund Pvt Ltd
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 21% fall in the latest year. EBITDA fell 17% 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 Convincing Chit Fund Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹71,382 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹51,251 | •••• | •••• | •••• | •••• |
| 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 Convincing Chit Fund Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.8% | •••• | •••• | •••• | •••• |
| 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 Convincing Chit Fund are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Convincing Chit Fund Pvt Ltd
Convincing Chit Fund Pvt Ltd 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anand Venattu Nidhi Limited | ₹5.91 Lakh (FY 2025) | •••• | •••• | -46.0% | •••• | Kerala, India |
| Loksahayya Multipurpose Nidhi Limited | ₹5.91 Lakh (FY 2022) | •••• | •••• | •••• | Kolhapur, Maharashtra, India | |
| Vaidhudyam Chamber of Commerce and Industry | ₹5.87 Lakh (FY 2024) | •••• | •••• | 30.0% | •••• | Delhi, India |
| Binapani Sales Private Limited | ₹5.84 Lakh (FY 2024) | •••• | •••• | -99.0% | •••• | Kolkata, West Bengal, India |
| Subhlaxmi Micro Finance | ₹5.83 Lakh (FY 2025) | •••• | •••• | -20.0% | •••• | Jaipur, Rajasthan, India |
| Convincing Chit Fund Pvt Ltd this company | ₹5.81 Lakh (FY 2025) | •••• | •••• | -21.0% | •••• | Haryana, India |
| Acroamatic Micro Finance | ₹5.8 Lakh (FY 2025) | •••• | •••• | •••• | Uttarakhand, India | |
| Three Dee Chits Private Limited | ₹5.79 Lakh (FY 2018) | •••• | •••• | -19.0% | •••• | Bahadurgarh, Haryana, India |
| Puran Avtar Chits Private Limited | ₹5.77 Lakh (FY 2017) | •••• | •••• | -20.0% | •••• | Bahadurgarh, Haryana, India |
| Rao Brothers Chit-Fund (India) Private Limited | ₹5.76 Lakh (FY 2020) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Dhanamithra Kuries Private Limited | ₹5.75 Lakh (FY 2025) | •••• | •••• | -34.0% | •••• | Thrissur, Kerala, India |
Peers are the five companies nearest above and the five nearest below Convincing Chit Fund 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 Convincing Chit Fund Pvt Ltd
Convincing Chit Fund Pvt Ltd is audited by MANOJ USHA & CO. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANOJ USHA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Convincing Chit Fund Pvt Ltd
Convincing Chit Fund has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyoti Goyal Also directs: Akshi Consultancy Private Limited | Director | 05 Mar 2016 | 10 Years 7 Months | Current |
| Naveen Kumar Goyal Also directs: Akshi Consultancy Private Limited | Director | 05 Mar 2016 | 10 Years 7 Months | Current |
| Akshita Goyal Also directs: Akshi Consultancy Private Limited | Director | 10 Jan 2020 | 6 Years 9 Months | Current |
Ownership and Shareholding of Convincing Chit Fund Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Convincing Chit Fund Pvt Ltd
Convincing Chit Fund Pvt Ltd does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Convincing Chit Fund Pvt Ltd
Employment history and EPFO contributions of people linked to Convincing Chit Fund.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Convincing Chit Fund Pvt Ltd
Convincing Chit Fund Pvt Ltd has 6 board changes on record since 2016: 3 appointments and 3 cessations. The latest: Akshita Goyal ceased to be Additional Director on 31 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Convincing Chit Fund Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Convincing Chit Fund Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Convincing Chit Fund Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Convincing Chit Fund Pvt Ltd
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Convincing Chit Fund Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Convincing Chit Fund Pvt Ltd
Convincing Chit Fund is an active private limited company based in Haryana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 17 April 1995 (31+ years old) and is registered under CIN U65992HR1995PTC032634.
Convincing Chit Fund reported revenue of ₹5.81 Lakh for FY 2025 (down 21% YoY).
Convincing Chit Fund has 3 current directors:
- Jyoti Goyal - Director
- Naveen Kumar Goyal - Director
- Akshita Goyal - Director
Convincing Chit Fund reported a net profit of ₹51,251 (net margin 8.8%) and EBITDA of ₹71,382 (EBITDA margin 12.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Convincing Chit Fund is -1% over three years and -6% over five years. In the latest year (FY 2025) revenue fell 21%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Convincing Chit Fund is U65992HR1995PTC032634. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Convincing Chit Fund was incorporated on 17 April 1995, making it 31+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Convincing Chit Fund by revenue are Anand Venattu Nidhi Limited, Loksahayya Multipurpose Nidhi Limited, Vaidhudyam Chamber of Commerce and Industry, Binapani Sales Private Limited, Subhlaxmi Micro Finance and 5 more, all in the BFSI industry (Micro Finance).
Akshita Goyal ceased to be Additional Director on 31 Dec 2020. Akshita Goyal was appointed as Director on 10 Jan 2020. Manoj Kumar Bhardwaj ceased to be Director on 07 Mar 2016. Convincing Chit Fund has 6 board changes on record in total.
The registered office of Convincing Chit Fund is at 22 Palam Vihar Extn, Gurgaon, Haryana, India.
Convincing Chit Fund has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.