Elakkiya Chit Funds Private Limited
About Elakkiya Chit Funds Private Limited
Data last updated:
Elakkiya Chit Funds Private Limited was a private limited company based in Erode, Tamil Nadu, 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 25 March 1994.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1994PTC004961.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.5 Lakh. It was led by directors Karuppusamy Govindsamy (Managing Director) and Mohanabalaji G.
Its last annual general meeting (AGM) was held on 26 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 11 Nehru Street Erode, Tamil Nadu, India – 638001.
As per the financials filed for FY 2016, the company reported a revenue of ₹3.14 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹2,036 (net margin -0.6%) and EBITDA of ₹1.09 Lakh (EBITDA margin 34.7%).
Company details
Contact details
Elakkiya Chit Funds Private Limited's registered office is in Erode, Tamil Nadu.
- Registered Address11 Nehru Street Erode, Tamil Nadu, India – 638001
- IndustryFinancial Services, Financial Activities
- 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 Elakkiya 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 Elakkiya Chit Funds Private Limited, buy the company report.
Financials of Elakkiya Chit Funds Private Limited
FY 2016 filings availableElakkiya Chit Funds Private Limited reported revenue of ₹3.14 Lakh (down 19% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year. EBITDA fell 7% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
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| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
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| Depreciation and Amortisation | ||
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| Total Expenses | ||
| EBITDA | ₹1.09 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹2,036 | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
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| Investments | ||
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 34.7% | |
| Net Profit Margin | -0.6% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
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| Efficiency and Growth | ||
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| Receivable Days | ||
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To see the full financial statements and ratios of Elakkiya Chit Funds Private Limited, buy the company report.
Board of directors of Elakkiya Chit Funds Private Limited
Elakkiya Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karuppusamy Govindsamy | Managing Director | 26 Mar 1996 | 30 Years 7 Months | As last reported |
| Mohanabalaji G | Director | 11 Aug 2003 | 23 Years 2 Months | As last reported |
Peer comparison
Elakkiya Chit Funds Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Aundipatti Thai Sri Mookambigai Chit Funds P Ltd | ₹3.27 Lakh (FY 2024) | 30.0% | Theni, Tamil Nadu, India | |||
| Swarna Ganga Chit Funds and Finance Company Private Limited | ₹3.25 Lakh (FY 2025) | -83.0% | Hyderabad, Telangana, India | |||
| Madhavaram Chit Funds Private Limited | ₹3.25 Lakh (FY 2023) | Chennai, Tamil Nadu, India | ||||
| Sathyaprabha Chit Funds Private Limited | ₹3.24 Lakh (FY 2025) | -19.0% | Nadakkavu, Kerala, India | |||
| Poopoo Chit Funds Private Limited | ₹3.18 Lakh (FY 2019) | 6.0% | Coimbatore, Tamil Nadu, India | |||
| Elakkiya Chit Funds Private Limitedthis company | ₹3.14 Lakh (FY 2016) | -₹2,036 | -0.6% | -19.0% | Erode, Tamil Nadu, India | |
| Karnati's Ushasri Chit Funds (I) Private Limited | ₹3.1 Lakh (FY 2020) | -38.0% | Khammam, Telangana, India | |||
| B.G.K.Progressive Chit Funds Private Limited | ₹3.09 Lakh (FY 2022) | 2060.0% | Bagalkot, Karnataka, India | |||
| Bhumana Chit Funds Private Limited | ₹3.08 Lakh (FY 2020) | Nizamabad, Telangana, India | ||||
| Thirumal Chit Funds (Pattukkotai) Private Limited | ₹3.07 Lakh (FY 2016) | -59.0% | Tamil Nadu, India | |||
| Vopari Chit Funds Private Limited | ₹3.03 Lakh (FY 2024) | Bangalore, Karnataka, India |
To see the full peer comparison of Elakkiya Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Elakkiya Chit Funds Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elakkiya Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Elakkiya Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Elakkiya Chit Funds Private Limited has 2 board changes on record since 1996: 2 appointments. The latest: Mohanabalaji G was appointed as Director on 11 Aug 2003.
Frequently asked questions
Elakkiya 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.
Elakkiya Chit Funds was a private limited company based in Erode, Tamil Nadu, India. The company worked in financial activities, within the financial services industry. It was incorporated on 25 March 1994 and is registered under CIN U65992TZ1994PTC004961. The company has been struck off by the Registrar of Companies and is no longer operational.
Elakkiya Chit Funds had 2 directors:
- Karuppusamy Govindsamy - Managing Director
- Mohanabalaji G - Director
The CIN (Corporate Identification Number) of Elakkiya Chit Funds is U65992TZ1994PTC004961. 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 Elakkiya Chit Funds is at 11 Nehru Street Erode, Tamil Nadu, India – 638001.
Elakkiya Chit Funds was incorporated on 25 March 1994. It is registered with the Registrar of Companies, Coimbatore.
The latest financial statements of Elakkiya Chit Funds on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 26 September 2016. Year-wise statements from 2015 are in the company report.
Elakkiya 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 Elakkiya Chit Funds by revenue are Aundipatti Thai Sri Mookambigai Chit Funds P Ltd, Swarna Ganga Chit Funds and Finance Company Private Limited, Madhavaram Chit Funds Private Limited, Sathyaprabha Chit Funds Private Limited, Poopoo Chit Funds Private Limited and 5 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Mohanabalaji G was appointed as Director on 11 Aug 2003. Karuppusamy Govindsamy was appointed as Managing Director on 26 Mar 1996.
The compliance status of Elakkiya Chit Funds is active non-compliant as of 24 July 2026.
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