Dynamic Chit Funds Pvt Ltd
About Dynamic Chit Funds Pvt Ltd
Data last updated:
Dynamic Chit Funds Pvt Ltd was a private limited company based in Nalgonda, Andhra Pradesh, 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 financial services and investment segment of the financial services sector. It was incorporated on 29 November 1983.
The company was registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP1983PTC004283. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹9 Lakh and a paid-up capital of ₹3 Lakh. It was led by directors including Jagini Anjaneyulu (Managing Director) and Jagini Bheemaiah (Managing Director).
Its last annual general meeting (AGM) was held on 15 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at No.5 – 4 – 134 B Jb Plaza First Floor Subhash Rd Prakasham Bazar, Nalgonda, Andhra Pradesh, India – 508001.
As per the financials filed for FY 2021, the company reported a revenue of ₹60,991, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹11.22 Lakh and EBITDA of -₹11.2 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 58% over five years.
The company had about 4 employees on its provident fund (EPFO) records before it was struck off.
Court records list 64 cases involving the company, including 64 filed by the company.
Company details
Contact details
Dynamic Chit Funds Pvt Ltd's registered office is in Nalgonda, Andhra Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.5 – 4 – 134 B Jb Plaza First Floor Subhash Rd Prakasham Bazar, Nalgonda, Andhra Pradesh, India – 508001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Dynamic Chit Funds Pvt Ltd, 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 Dynamic Chit Funds 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 Dynamic Chit Funds Pvt Ltd, buy the company report.
Financials of Dynamic Chit Funds Pvt Ltd
FY 2021 filings availableDynamic Chit Funds Pvt Ltd reported revenue of ₹60,991 (down 74% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 74% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | -₹11.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.22 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | |||||
To see the full financial statements and ratios of Dynamic Chit Funds Pvt Ltd, buy the company report.
Board of directors of Dynamic Chit Funds Pvt Ltd
Dynamic Chit Funds has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Panuganti Dayasagar Rao | Director | 29 Jul 2004 | 22 Years 2 Months | As last reported |
| Jagini Anjaneyulu Also directs: Jagini Chit Fund Private Limited | Managing Director | 29 Mar 1987 | 39 Years 6 Months | As last reported |
| Venkat Narayana Pullemla | Director | 01 Feb 1989 | 37 Years 8 Months | As last reported |
| Amarender Rao Domalapally | Director | 12 Jan 1984 | 42 Years 9 Months | As last reported |
| Jagini Bheemaiah | Managing Director | 29 Nov 1983 | 42 Years 10 Months | As last reported |
Peer comparison
Dynamic Chit Funds Pvt Ltd is compared with the 8 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| RRR Chit Funds Private Limited | ₹65,639 (FY 2025) | -87.0% | Khammam, Telangana, India | |||
| Kencha Chit Funds India Private Limited | ₹64,785 (FY 2018) | -1.0% | Bidar, Karnataka, India | |||
| Mayilvahanan Chit Funds Private Limited | ₹62,355 (FY 2020) | -90.0% | Dindigul, Tamil Nadu, India | |||
| Shree Swastimuruga Chit Funds Private Limited | ₹62,100 (FY 2024) | 521.0% | Tirupur, Tamil Nadu, India | |||
| Dynamic Chit Funds Pvt Ltdthis company | ₹60,991 (FY 2021) | -₹11.22 Lakh | -74.0% | 4 | Nalgonda, Andhra Pradesh, India | |
| Kurumthottickal Chit Funds Private Limited | ₹60,000 (FY 2020) | -9.0% | Kozhencherry, Kerala, India | |||
| Sree Gokulam Benefit Chit Funds Private Limited | ₹60,000 (FY 2025) | -33.0% | Chennai, Tamil Nadu, India | |||
| Kudos Chit Funds Private Limited | ₹59,883 (FY 2021) | -79.0% | Pune, Maharashtra, India | |||
| Paalamuru Apthamithra Chit Funds Private Limited | ₹57,153 (FY 2025) | -97.0% | Telangana, India |
To see the full peer comparison of Dynamic Chit Funds Pvt Ltd, buy the company report.
Auditor
Dynamic Chit Funds Pvt Ltd is audited by N.V.S MURTHY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.V.S MURTHY | FY 2017 | 022727 |
Shareholding
The shareholding of Dynamic Chit Funds Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Dynamic Chit Funds Pvt Ltd, buy the company report.
Legal cases
Dynamic Chit Funds Pvt Ltd has 64 court cases on record: 64 filed by Dynamic Chit Funds. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 0 | 0 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nalgonda, Telangana | Execution petition | Filed by the company against an individual | Disposed |
| District court, Nalgonda, Telangana | Execution petition | Filed by the company against an individual | Disposed |
| District court, Nalgonda, Telangana | Execution petition | Filed by the company against an individual | Disposed |
| District court, Nalgonda, Telangana | Execution petition | Filed by the company against an individual | Disposed |
| District court, Nalgonda, Telangana | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Dynamic Chit Funds Pvt Ltd, 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 Dynamic Chit Funds Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dynamic Chit Funds Pvt Ltd has a workforce of 4 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Dynamic Chit Funds 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.
To see the full GST registrations and return filing status of Dynamic Chit Funds Pvt Ltd, buy the company report.
Recent activity
Dynamic Chit Funds Pvt Ltd has 7 board changes on record since 1983: 5 appointments and 2 cessations. The latest: Panuganti Dayasagar Rao was appointed as Director on 29 Jul 2004.
Frequently asked questions
Dynamic Chit Funds 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.
Dynamic Chit Funds was a private limited company based in Nalgonda, Andhra Pradesh, India. The company worked in financial activities, within the financial services industry. It was incorporated on 29 November 1983 and is registered under CIN U65992AP1983PTC004283. The company has been struck off by the Registrar of Companies and is no longer operational.
Dynamic Chit Funds had 5 directors:
- Jagini Anjaneyulu - Managing Director
- Jagini Bheemaiah - Managing Director
- Panuganti Dayasagar Rao - Director
- Venkat Narayana Pullemla - Director
- Amarender Rao Domalapally - Director
The CIN (Corporate Identification Number) of Dynamic Chit Funds is U65992AP1983PTC004283. 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 Dynamic Chit Funds is at No.5 – 4 – 134 B Jb Plaza First Floor Subhash Rd Prakasham Bazar, Nalgonda, Andhra Pradesh, India – 508001.
Dynamic Chit Funds was incorporated on 29 November 1983. It is registered with the Registrar of Companies, Vijayawada.
The latest financial statements of Dynamic Chit Funds on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 15 November 2021. Year-wise statements from 2015 are in the company report.
No. Dynamic Chit Funds has 2 GST registrations on record and all of them are cancelled or inactive.
Dynamic Chit Funds operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Dynamic Chit Funds by revenue are RRR Chit Funds Private Limited, Kencha Chit Funds India Private Limited, Mayilvahanan Chit Funds Private Limited, Shree Swastimuruga Chit Funds Private Limited, Kurumthottickal Chit Funds Private Limited and 3 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Dynamic Chit Funds has 64 court cases on record: 64 filed by the company.