Erode Everest Chit Funds Private Limited
About Erode Everest Chit Funds Private Limited
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Erode Everest Chit Funds Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 01 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2013PTC019444.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.41 Lakh. It is led by directors Senniappan Gopalakrishnan and Ganesan Kaliamoorthy.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 23 Sengottiah Complex 1st Floor Chidambaram Colony, Erode, Tamil Nadu, India – 638001.
As per the financials filed for FY 2023, the company reported a revenue of ₹82,337, a decline of 59% compared to the previous year. For the same year it recorded a net loss of ₹4.11 Lakh (net margin -499.5%) and EBITDA of -₹4.11 Lakh (EBITDA margin -499.5%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 35% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Erode Everest Chit Funds Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address23 Sengottiah Complex 1st Floor Chidambaram Colony, Erode, Tamil Nadu, India – 638001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Erode Everest Chit Funds 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
Financials of Erode Everest Chit Funds Private Limited
FY 2023 filings availableErode Everest Chit Funds Private Limited reported revenue of ₹82,337 (down 59% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years, including a 59% fall in the latest year. EBITDA fell 500% 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 | -₹4.11 Lakh | ||||
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| Net Profit (PAT) | -₹4.11 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -499.5% | ||||
| Net Profit Margin | -499.5% | ||||
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To see the full financial statements and ratios of Erode Everest Chit Funds Private Limited, buy the company report.
Board of directors of Erode Everest Chit Funds Private Limited
Erode Everest Chit Funds has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Senniappan Gopalakrishnan | Director | 06 Jan 2020 | 6 Years 9 Months | Current |
| Ganesan Kaliamoorthy | Director | 06 Jan 2020 | 6 Years 9 Months | Current |
Auditor
Erode Everest Chit Funds Private Limited is audited by M R UMA MAHESWAR for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R UMA MAHESWAR | FY 2017 | 201366 |
Shareholding
The shareholding of Erode Everest Chit Funds 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 Erode Everest Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Erode Everest 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 Erode Everest 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 Erode Everest Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Erode Everest Chit Funds Private Limited has 8 board changes on record since 2019: 2 appointments and 6 cessations. The latest: Ganesan Kaliamoorthy ceased to be Additional Director on 20 Nov 2020.
Frequently asked questions
Erode Everest Chit Funds is an active private limited company based in Erode, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 01 May 2013 (13+ years old) and is registered under CIN U65992TZ2013PTC019444.
Erode Everest Chit Funds has 2 current directors:
- Senniappan Gopalakrishnan - Director
- Ganesan Kaliamoorthy - Director
The latest financial statements of Erode Everest Chit Funds on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Erode Everest Chit Funds is U65992TZ2013PTC019444. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Erode Everest Chit Funds was incorporated on 01 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Coimbatore.
Ganesan Kaliamoorthy ceased to be Additional Director on 20 Nov 2020. Senniappan Gopalakrishnan ceased to be Additional Director on 20 Nov 2020. Kanjikovil Maruthamuthu Kannan ceased to be Managing Director on 07 Jan 2020. Erode Everest Chit Funds has 8 board changes on record in total.
The registered office of Erode Everest Chit Funds is at 23 Sengottiah Complex 1st Floor Chidambaram Colony, Erode, Tamil Nadu, India – 638001.
Erode Everest Chit Funds operates in the financial services industry, in the financial activities segment.
The compliance status of Erode Everest Chit Funds is compliant as of 07 September 2026. The company is actively filing with the Registrar of Companies.
Erode Everest Chit Funds can be reached at its registered office: 23 Sengottiah Complex 1st Floor Chidambaram Colony, Erode, Tamil Nadu, India – 638001.