About Dr Karthi Chit India Private Limited
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Dr Karthi Chit India Private Limited is a private limited company based in Sathyamangalam, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 22 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2013PTC019416. Its GSTIN is 33AAECD6341A1ZA (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹6.8 Cr and a paid-up capital of ₹4.74 Cr. It is led by directors Raju Deivanai Raju Karthigeyan (Managing Director) and Palani Gounder Deivanai.
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 Old No. 332 New No. 29 Sakthi – Erode Highway Ariyappampalayam, Sathyamangalam, Tamil Nadu, India – 638402.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.89 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net loss of ₹47.51 Lakh (net margin -25.1%) and EBITDA of -₹12.09 Lakh (EBITDA margin -6.4%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 18% over five years.
The company has about 58 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35.93 Lakh on record. Court records list 4 cases involving the company, including 4 filed against it; 3 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 drkarthichit.com.
Company details
Contact details
Dr Karthi Chit India Private Limited's registered office is in Sathyamangalam, Tamil Nadu. Its website is drkarthichit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOld No. 332 New No. 29 Sakthi – Erode Highway Ariyappampalayam, Sathyamangalam, Tamil Nadu, India – 638402
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Dr Karthi Chit India 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 Dr Karthi Chit India 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 Dr Karthi Chit India Private Limited, buy the company report.
Financials of Dr Karthi Chit India Private Limited
FY 2024 filings availableDr Karthi Chit India Private Limited reported revenue of ₹1.89 Cr (up 56% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 56% growth in the latest year. EBITDA rose 80% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹12.09 Lakh | ||||
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| Net Profit (PAT) | -₹47.51 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -6.4% | ||||
| Net Profit Margin | -25.1% | ||||
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To see the full financial statements and ratios of Dr Karthi Chit India Private Limited, buy the company report.
Board of directors of Dr Karthi Chit India Private Limited
Dr Karthi Chit India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raju Deivanai Raju Karthigeyan Also directs: Dr Karthi Cricket Academy Private Limited | Managing Director | 22 Apr 2013 | 13 Years 6 Months | Current |
| Palani Gounder Deivanai Also directs: Dr Karthi Cricket Academy Private Limited | Director | 22 Apr 2013 | 13 Years 6 Months | Current |
Peer comparison
Dr Karthi Chit India Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Magan Nidhi Limited | ₹1.93 Cr (FY 2025) | 68.0% | Nagpur, Maharashtra, India | |||
| Akshayarithu Chits Private Limited | ₹1.93 Cr (FY 2024) | 13.0% | Thiruvananthapuram, Kerala, India | |||
| Slyn Chits Private Limited | ₹1.92 Cr (FY 2025) | 29.0% | Hyderabad, Telangana, India | |||
| Dr Karthi Chit India Private Limitedthis company | ₹1.89 Cr (FY 2024) | -₹47.51 Lakh | -25.1% | 56.0% | 58 | Sathyamangalam, Tamil Nadu, India |
| Kaametardha Chit Funds Private Limited | ₹1.88 Cr (FY 2025) | 56.0% | Secunderabad, Telangana, India | |||
| Sri Balaji Sai Ram Chit Fund Private Limited | ₹1.88 Cr (FY 2025) | 3.0% | Sangareddy, Telangana, India | |||
| Sri Bheema Nidhi Limited | ₹1.85 Cr (FY 2024) | -31.0% | Tirunelveli, Tamil Nadu, India | |||
| Thiru-Kochi Urban Nidhi Limited | ₹1.84 Cr (FY 2024) | 66.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Dr Karthi Chit India Private Limited, buy the company report.
Auditor
Dr Karthi Chit India Private Limited is audited by DIWAKAR P K & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DIWAKAR P K & ASSOCIATES | FY 2023 | 015661S |
Shareholding
The shareholding of Dr Karthi Chit India 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 Dr Karthi Chit India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2022 | 100588223 | Hdfc Bank Limited | ₹35.93 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Dr Karthi Chit India Private Limited has 4 court cases on record: 4 filed against it. 3 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 3 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, CHAMRAJNAGAR, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Erode, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Court case (IP) | Filed against the company by an individual | Disposed |
To see the full case history of Dr Karthi Chit India 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 Dr Karthi Chit India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dr Karthi Chit India Private Limited has a workforce of 58 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Dr Karthi Chit India has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECD6341A1ZA | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAECD6341A2ZY | Karnataka | Active | 23 Sep 2017 |
To see the full GST registrations and return filing status of Dr Karthi Chit India Private Limited, buy the company report.
Recent activity
Dr Karthi Chit India Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Palani Gounder Deivanai was appointed as Director on 22 Apr 2013.
Frequently asked questions
Dr Karthi Chit India is an active private limited company based in Sathyamangalam, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 22 April 2013 (13+ years old) and is registered under CIN U65992TZ2013PTC019416.
Dr Karthi Chit India has 2 current directors:
- Raju Deivanai Raju Karthigeyan - Managing Director
- Palani Gounder Deivanai - Director
The latest financial statements of Dr Karthi Chit India 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 Dr Karthi Chit India is 33AAECD6341A1ZA, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAECD6341A2ZY (Karnataka).
The CIN (Corporate Identification Number) of Dr Karthi Chit India is U65992TZ2013PTC019416. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dr Karthi Chit India has 4 court cases on record: 4 filed against it. 3 are pending.
Dr Karthi Chit India was incorporated on 22 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Dr Karthi Chit India by revenue are Magan Nidhi Limited, Akshayarithu Chits Private Limited, Slyn Chits Private Limited, Kaametardha Chit Funds Private Limited, Sri Balaji Sai Ram Chit Fund Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Palani Gounder Deivanai was appointed as Director on 22 Apr 2013. Raju Deivanai Raju Karthigeyan was appointed as Managing Director on 22 Apr 2013.
Dr Karthi Chit India can be reached through the website drkarthichit.com. Its registered office is in Sathyamangalam, Tamil Nadu, India.
The registered office of Dr Karthi Chit India is at Old No. 332 New No. 29 Sakthi – Erode Highway Ariyappampalayam, Sathyamangalam, Tamil Nadu, India – 638402.
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