Erode Amman Chits Private Limited
About Erode Amman Chits Private Limited
Data last updated:
Erode Amman Chits Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 26 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65929TZ2017PTC029259.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹72.2 Lakh. It is led by directors Ganesh Palanevel (Managing Director) and Muthusamy Bojarajan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3C Sri Amman Tower, Erode, Tamil Nadu, India – 638004.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.02 Lakh, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹71,484 (net margin 3.2%) and EBITDA of ₹1.2 Lakh (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 1% over five years.
Court records list 50 cases involving the company, including 48 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address3C Sri Amman Tower, Erode, Tamil Nadu, India – 638004
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Business Activity of Erode Amman Chits Private Limited
The main business activity of Erode Amman Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Erode Amman Chits Private Limited FY 2025 filings available
Erode Amman Chits Private Limited reported revenue of ₹22.02 Lakh (down 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Erode Amman Chits Private Limited
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 93% 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 of Erode Amman Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.2 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹71,484 | •••• | •••• | •••• | •••• |
| 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 of Erode Amman Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Erode Amman Chits are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Erode Amman Chits Private Limited
Erode Amman Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Palanevel Also directs: Sri Nirai Selvam Chit Funds Private Limited | Managing Director | 26 Jul 2017 | 9 Years 2 Months | Current |
| Muthusamy Bojarajan Also directs: Sri Nirai Selvam Chit Funds Private Limited | Director | 26 Jul 2017 | 9 Years 2 Months | Current |
Peer Comparison of Erode Amman Chits Private Limited
Erode Amman Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Secure Microfinance Foundation | ₹22.19 Lakh (FY 2025) | •••• | •••• | -14.0% | •••• | Gorakhpur, Uttar Pradesh, India |
| Acshaya General Chits Private Limited | ₹22.16 Lakh (FY 2019) | •••• | •••• | -58.0% | •••• | Tamil Nadu, India |
| S N S Chits Private Limited | ₹22.1 Lakh (FY 2024) | •••• | •••• | 19.0% | •••• | Bangalore, Karnataka, India |
| Kamatchiamman Enterprises Private Limited | ₹22.05 Lakh (FY 2024) | •••• | •••• | -16.0% | •••• | Dharmapuri, Tamil Nadu, India |
| Rajyog Chit Fund Private Limited | ₹22.05 Lakh (FY 2022) | •••• | •••• | -2.0% | •••• | Pune, Maharashtra, India |
| Erode Amman Chits Private Limited this company | ₹22.02 Lakh (FY 2025) | •••• | •••• | -45.0% | •••• | Erode, Tamil Nadu, India |
| Kalashree Urban Nidhi Limited | ₹22.01 Lakh (FY 2024) | •••• | •••• | 379.0% | •••• | Pune, Maharashtra, India |
| Ekta Microfinance | ₹21.94 Lakh (FY 2024) | •••• | •••• | 12.0% | •••• | Kanpur, Uttar Pradesh, India |
| Janaspandana Micro Finance Private Limited | ₹21.91 Lakh (FY 2024) | •••• | •••• | 43.0% | •••• | Bangalore, Karnataka, India |
| Chackalayil Chits Private Limited | ₹21.89 Lakh (FY 2024) | •••• | •••• | 26.0% | •••• | Kottayam, Kerala, India |
| Visago Chits Private Limited | ₹21.86 Lakh (FY 2025) | •••• | •••• | -12.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Erode Amman Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Erode Amman Chits Private Limited
Auditor information for Erode Amman Chits Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Ownership and Shareholding of Erode Amman Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Erode Amman Chits Private Limited
Erode Amman Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Erode Amman Chits Private Limited
Erode Amman Chits Private Limited has 50 court cases on record: 48 filed by Erode Amman Chits, 2 filed against it. 2 cases are pending and 48 are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 2 | 2 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Erode, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
Full case history
All 50 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Erode Amman Chits Private Limited
Employment history and EPFO contributions of people linked to Erode Amman Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Erode Amman Chits Private Limited
Erode Amman Chits Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Ganesh Palanevel was appointed as Managing Director on 26 Jul 2017.
Credit Ratings, Litigation & Regulatory Alerts for Erode Amman Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Erode Amman Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Erode Amman Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Erode Amman Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Erode Amman Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Erode Amman Chits Private Limited
Erode Amman Chits is an active private limited company based in Erode, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 26 July 2017 (9+ years old) and is registered under CIN U65929TZ2017PTC029259.
Erode Amman Chits reported revenue of ₹22.02 Lakh for FY 2025 (down 45% YoY).
Erode Amman Chits has 2 current directors:
- Ganesh Palanevel - Managing Director
- Muthusamy Bojarajan - Director
Erode Amman Chits reported a net profit of ₹71,484 (net margin 3.2%) and EBITDA of ₹1.2 Lakh (EBITDA margin 5.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Erode Amman Chits is -16% over three years and 1% over five years. In the latest year (FY 2025) revenue fell 45%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Erode Amman Chits is U65929TZ2017PTC029259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Erode Amman Chits has 50 court cases on record: 48 filed by the company and 2 filed against it. 2 are pending.
Erode Amman Chits was incorporated on 26 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Erode Amman Chits by revenue are Secure Microfinance Foundation, Acshaya General Chits Private Limited, S N S Chits Private Limited, Kamatchiamman Enterprises Private Limited, Rajyog Chit Fund Private Limited and 5 more, all in the BFSI industry (Micro Finance).
Ganesh Palanevel was appointed as Managing Director on 26 Jul 2017. Muthusamy Bojarajan was appointed as Director on 26 Jul 2017.
The registered office of Erode Amman Chits is at 3C Sri Amman Tower, Erode, Tamil Nadu, India – 638004.