Elango Chits (Nellai) Private Limited
About Elango Chits (Nellai) Private Limited
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Elango Chits (Nellai) Private Limited is a private limited company based in Tirunelveli, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 11 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN1993PTC025980.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors Chidambaram Elango (Managing Director) and Elango Indra.
Its last annual general meeting (AGM) was held on 12 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.86 Selvi Nagartirunelveli – 627 001 Tirunelveli – 627 001, Tamil Nadu, India – 627001.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.81 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net loss of ₹1.5 Lakh (net margin -82.9%) and EBITDA of -₹1.28 Lakh (EBITDA margin -70.8%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 25% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Elango Chits (Nellai) Private Limited's registered office is in Tirunelveli, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.86 Selvi Nagartirunelveli – 627 001 Tirunelveli – 627 001, Tamil Nadu, India – 627001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Elango Chits (Nellai) 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 Elango Chits (Nellai) 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 |
Financials of Elango Chits (Nellai) Private Limited
FY 2024 filings availableElango Chits (Nellai) Private Limited reported revenue of ₹1.81 Lakh (down 63% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 63% fall in the latest year. EBITDA fell 705% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹1.28 Lakh | ||||
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| Net Profit (PAT) | -₹1.5 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -70.8% | ||||
| Net Profit Margin | -82.9% | ||||
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To see the full financial statements and ratios of Elango Chits (Nellai) Private Limited, buy the company report.
Board of directors of Elango Chits (Nellai) Private Limited
Elango Chits (Nellai) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Elango Indra | Director | 11 Oct 1993 | 33 Years 0 Months | Current |
| Chidambaram Elango | Managing Director | 11 Oct 1993 | 33 Years 0 Months | Current |
Peer comparison
Elango Chits (Nellai) Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Sarvjanshukhay Nidhi Limited | ₹1.81 Lakh (FY 2021) | 7.0% | Rohtas, Bihar, India | |||
| Kandagatla Chits Private Limited | ₹1.81 Lakh (FY 2022) | -89.0% | Nakrekal, Telangana, India | |||
| Confianza Financial Consulting Private Limited | ₹1.81 Lakh (FY 2025) | 3.0% | Delhi, India | |||
| Hill Terai Traders Private Limited | ₹1.81 Lakh (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Prashant Commercial Holdings Limited | ₹1.81 Lakh (FY 2020) | 3.0% | Uttar Pradesh, India | |||
| Elango Chits (Nellai) Private Limitedthis company | ₹1.81 Lakh (FY 2023) | -₹1.5 Lakh | -82.9% | -63.0% | Tirunelveli, Tamil Nadu, India | |
| Prakashnath Suppliers Pvt Ltd | ₹1.8 Lakh (FY 2025) | -69.0% | Kolkata, West Bengal, India | |||
| Shree Sukth Labh Nidhi Limited | ₹1.8 Lakh (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Sagitta Dream Homes Private Limited | ₹1.8 Lakh (FY 2025) | 93.0% | New Delhi, Delhi, India | |||
| Vaibhavlaxmi Nidhi Limited | ₹1.8 Lakh (FY 2020) | Navi Mumbai, Maharashtra, India | ||||
| Goldfield Commotrade Private Limited | ₹1.8 Lakh (FY 2024) | 4.0% | Serampore, West Bengal, India |
To see the full peer comparison of Elango Chits (Nellai) Private Limited, buy the company report.
Auditor
Elango Chits (Nellai) Private Limited is audited by SANJEEVIKANI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJEEVIKANI & CO | FY 2017 | 011207S |
Shareholding
The shareholding of Elango Chits (Nellai) Private Limited 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 Elango Chits (Nellai) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Elango Chits (Nellai) 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 Elango Chits (Nellai) 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 Elango Chits (Nellai) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Elango Chits (Nellai) Private Limited has 2 board changes on record since 1993: 2 appointments. The latest: Chidambaram Elango was appointed as Managing Director on 11 Oct 1993.
Frequently asked questions
Elango Chits (Nellai) is an active private limited company based in Tirunelveli, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 11 October 1993 (33+ years old) and is registered under CIN U65991TN1993PTC025980.
Elango Chits (Nellai) has 2 current directors:
- Chidambaram Elango - Managing Director
- Elango Indra - Director
The latest financial statements of Elango Chits (Nellai) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 12 July 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Elango Chits (Nellai) is U65991TN1993PTC025980. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elango Chits (Nellai) was incorporated on 11 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Elango Chits (Nellai) by revenue are Sarvjanshukhay Nidhi Limited, Kandagatla Chits Private Limited, Confianza Financial Consulting Private Limited, Hill Terai Traders Private Limited, Prashant Commercial Holdings Limited and 5 more, all in the same principal business activity (other financial activities).
Chidambaram Elango was appointed as Managing Director on 11 Oct 1993. Elango Indra was appointed as Director on 11 Oct 1993.
The registered office of Elango Chits (Nellai) is at No.86 Selvi Nagartirunelveli – 627 001 Tirunelveli – 627 001, Tamil Nadu, India – 627001.
Elango Chits (Nellai) operates in the financial services industry, in the financial activities segment.
The compliance status of Elango Chits (Nellai) is compliant as of 19 July 2026. The company is actively filing with the Registrar of Companies.
Elango Chits (Nellai) can be reached at its registered office: No.86 Selvi Nagartirunelveli – 627 001 Tirunelveli – 627 001, Tamil Nadu, India – 627001.
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