About D N C Chits Private Limited
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D N C Chits Private Limited is a private limited company based in Dharmapuri, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 16 May 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1997PTC007910. Its GSTIN is 33AAACD8611K1ZS (Tamil Nadu).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.5 Cr. It is led by directors including Elangovan Dharmapuri Chinnasamy (Managing Director) and Meena Elangovan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 11 Nachiappa Gounder Street Dharmapuri, Tamil Nadu, India – 636701.
As per the financials filed for FY 2025, the company reported a revenue of ₹72.04 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹8.83 Cr (net margin 12.3%) and EBITDA of ₹13.09 Cr (EBITDA margin 18.2%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 25% over five years.
The company is associated with 1 brand: DNC Chits. As per MCA filings, the company has open charges of ₹3.68 Cr on record. Court records list 1,185 cases involving the company, including 1,149 filed by the company and 36 filed against it; 519 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dncchits.com.
Company details
Contact details
D N C Chits Private Limited's registered office is in Dharmapuri, Tamil Nadu. Its website is dncchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 11 Nachiappa Gounder Street Dharmapuri, Tamil Nadu, India – 636701
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of D N C 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
Brands
D N C Chits operates one associated brand: DNC Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides chit fund schemes for savings and investment through group plans. | dncchits.com |
Business activity
The main business activity of D N C 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 D N C Chits Private Limited, buy the company report.
Financials of D N C Chits Private Limited
FY 2024 filings availableD N C Chits Private Limited reported revenue of ₹72.04 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 17% growth in the latest year. EBITDA rose 5% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹13.09 Cr | ||||
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| Net Profit (PAT) | ₹8.83 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.2% | ||||
| Net Profit Margin | 12.3% | ||||
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To see the full financial statements and ratios of D N C Chits Private Limited, buy the company report.
Board of directors of D N C Chits Private Limited
D N C Chits has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Elangovan Dharmapuri Chinnasamy | Managing Director | 16 May 1997 | 29 Years 5 Months | Current |
| Meena Elangovan Also directs: DNC Theatres LLP, DNC Silver Springs Developers LLP | Whole-Time Director | 30 Sep 2003 | 23 Years 0 Months | Current |
| Sneha Elangovan | Whole-Time Director | 01 Jul 2016 | 10 Years 3 Months | Current |
| Elangovan Prem | Whole-Time Director | 01 Jul 2016 | 10 Years 3 Months | Current |
Peer comparison
D N C Chits Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Margadarsi Chits Private Limited | ₹89.21 Cr (FY 2024) | 3.0% | Chennai, Tamil Nadu, India | |||
| Dhanalakshmi Srinivasan Nidhi Limited | ₹82.45 Cr (FY 2025) | -7.0% | Perambalur, Tamil Nadu, India | |||
| TBF Nidhi (Kumbakonam) Limited | ₹77 Cr (FY 2025) | 28.0% | Kumbakonam, Tamil Nadu, India | |||
| Thiripura Chits Private Limited | ₹74.41 Cr (FY 2016) | 54.0% | Chennai, Tamil Nadu, India | |||
| Social Mutual Benefits Nidhi Limited | ₹72.63 Cr (FY 2025) | 8.0% | Dehradun, Uttarakhand, India | |||
| D N C Chits Private Limitedthis company | ₹72.04 Cr (FY 2025) | ₹8.83 Cr | 12.3% | 17.0% | Dharmapuri, Tamil Nadu, India | |
| Sanghamithra Rural Financial Services | ₹70.36 Cr (FY 2025) | 26.0% | Bangalore, Karnataka, India | |||
| Kapil Chits (Telangana) Private Limited | ₹62.85 Cr (FY 2025) | 9.0% | T.Palem, Telangana, India | |||
| Shri Narayani Nidhi Limited | ₹59.79 Cr (FY 2024) | 36.0% | Thiruvarur, Tamil Nadu, India | |||
| Kapil Chits (Kakatiya) Private Limited | ₹57.89 Cr (FY 2024) | 3.0% | Hanamkonda, Telangana, India | |||
| Arth Micro Finance Private Limited | ₹51.02 Cr (FY 2024) | 2.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of D N C Chits Private Limited, buy the company report.
Auditor
D N C Chits Private Limited is audited by PALANISAMY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PALANISAMY & ASSOCIATES | FY 2023 | 002537S |
Shareholding
The shareholding of D N C Chits Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of D N C Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2025 | 101145685 | Hdfc Bank Limited | ₹21.6 Lakh | Open | |
| 04 Jun 2025 | 101107766 | Hdfc Bank Limited | ₹99.83 Lakh | Open | |
| 30 May 2025 | 101107406 | Hdfc Bank Limited | ₹80 Lakh | Open | |
| 12 Mar 2025 | 101058787 | Hdfc Bank Limited | ₹1.52 Cr | Open | |
| 29 Feb 2024 | 100880860 | Others | ₹15 Lakh | Open |
Total charge records: 5 View all charges
Legal cases
D N C Chits Private Limited has 1,185 court cases on record: 1,149 filed by D N C Chits, 36 filed against it. 519 cases are pending and 666 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,169 | 25 | 518 |
| High courts | 16 | 11 | 1 |
Cases on record (5 of 1,185)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vellore, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Sindhuja | Disposed |
| District court, Chennai, Tamil Nadu | Appeal | Filed against the company by an individual | Pending |
| District court, Tiruvallur, Tamil Nadu | Civil suit | Filed against the company | Pending |
| District court, Tirupathur, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
| District court, Cuddalore, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of D N C 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 D N C Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
D N C Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACD8611K1ZS | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of D N C Chits Private Limited, buy the company report.
Recent activity
D N C Chits Private Limited has 4 board changes on record since 1997: 4 appointments. The latest: Elangovan Prem was appointed as Whole-Time Director on 01 Jul 2016.
Frequently asked questions
D N C Chits is an active private limited company based in Dharmapuri, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 16 May 1997 (29+ years old) and is registered under CIN U65992TZ1997PTC007910.
D N C Chits has 4 current directors:
- Elangovan Dharmapuri Chinnasamy - Managing Director
- Meena Elangovan - Whole-Time Director
- Sneha Elangovan - Whole-Time Director
- Elangovan Prem - Whole-Time Director
The latest financial statements of D N C Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of D N C Chits is 33AAACD8611K1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of D N C Chits is U65992TZ1997PTC007910. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
D N C Chits has 1,185 court cases on record: 1,149 filed by the company and 36 filed against it. 519 are pending. Most are in the district courts.
D N C Chits was incorporated on 16 May 1997, making it 29+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of D N C Chits by revenue are Margadarsi Chits Private Limited, Dhanalakshmi Srinivasan Nidhi Limited, TBF Nidhi (Kumbakonam) Limited, Thiripura Chits Private Limited, Social Mutual Benefits Nidhi Limited and 5 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Elangovan Prem was appointed as Whole-Time Director on 01 Jul 2016. Sneha Elangovan was appointed as Whole-Time Director on 01 Jul 2016. Meena Elangovan was appointed as Whole-Time Director on 30 Sep 2003. D N C Chits has 4 board changes on record in total.
D N C Chits can be reached through the website dncchits.com. Its registered office is in Dharmapuri, Tamil Nadu, India.
The registered office of D N C Chits is at No 11 Nachiappa Gounder Street Dharmapuri, Tamil Nadu, India – 636701.