Erode Thilagam Chits Private Limited
About Erode Thilagam Chits Private Limited
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Erode Thilagam Chits Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 19 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2014PTC020888. Its GSTIN is 33AADCE8072A1Z2 (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Balasubramaniam Karthik (Managing Director) and Balasubramanian Thilagavathy.
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 81/4 Raja Street Sanjay Nagar, Erode, Tamil Nadu, India – 638011.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.1 Lakh, a growth of 66% compared to the previous year. For the same year it recorded a net profit of ₹1.71 Lakh (net margin 2.9%) and EBITDA of ₹6.49 Lakh (EBITDA margin 11%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 9 cases involving the company, including 9 filed by the company; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Erode Thilagam Chits 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 Address81/4 Raja Street Sanjay Nagar, Erode, Tamil Nadu, India – 638011
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Erode Thilagam Chits 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 Erode Thilagam Chits 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 Erode Thilagam Chits Private Limited, buy the company report.
Financials of Erode Thilagam Chits Private Limited
FY 2025 filings availableErode Thilagam Chits Private Limited reported revenue of ₹59.1 Lakh (up 66% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 66% growth in the latest year. EBITDA fell 2% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹6.49 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.71 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | ||||
| Net Profit Margin | 2.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Erode Thilagam Chits Private Limited, buy the company report.
Board of directors of Erode Thilagam Chits Private Limited
Erode Thilagam Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramanian Thilagavathy Also directs: Divya Karthik Chits Private Limited | Director | 19 Nov 2014 | 11 Years 11 Months | Current |
| Balasubramaniam Karthik Also directs: Divya Karthik Chits Private Limited | Managing Director | 19 Nov 2014 | 11 Years 11 Months | Current |
Peer comparison
Erode Thilagam Chits Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| KKR Chits Private Limited | ₹59.44 Lakh (FY 2019) | 8.0% | Hyderabad, Telangana, India | |||
| Aksharareddy Chit Funds Private Limited | ₹59.33 Lakh (FY 2024) | 68.0% | Shankarpally, Telangana, India | |||
| Arikkatt Kuries Private Limited | ₹59.16 Lakh (FY 2025) | 3.0% | Aloor, Kerala, India | |||
| Erode Thilagam Chits Private Limitedthis company | ₹59.1 Lakh (FY 2024) | ₹1.71 Lakh | 2.9% | 66.0% | Erode, Tamil Nadu, India | |
| Suphalacharita Chit Fund Private Limited | ₹59.01 Lakh (FY 2018) | 1.0% | Hyderabad, Telangana, India | |||
| Kopuram Chits Private Limited | ₹58.15 Lakh (FY 2022) | 34.0% | Kuniyamuthur, Tamil Nadu, India |
To see the full peer comparison of Erode Thilagam Chits Private Limited, buy the company report.
Shareholding
The shareholding of Erode Thilagam Chits Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Erode Thilagam Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2016 | 100062073 | City Union Bank Limited | ₹50 Lakh | Open |
To see the full charge records of Erode Thilagam Chits Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Erode Thilagam Chits Private Limited has 9 court cases on record: 9 filed by Erode Thilagam Chits. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 4 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Civil suit | Filed by the company against Messrs. Dewan Housing Finance Corporation Limited., Salem and 5 others | Disposed |
| District court, Erode, Tamil Nadu | Criminal case | Filed by the company against Naadhan and Co | Pending |
| District court, Erode, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Erode, Tamil Nadu | Execution petition | Filed by the company against Sri Velmurugan Traders and 2 others | Pending |
| District court, Erode, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Erode Thilagam Chits Private Limited, 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 Erode Thilagam Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Erode Thilagam Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCE8072A1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Erode Thilagam Chits Private Limited, buy the company report.
Recent activity
Erode Thilagam Chits Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Balasubramaniam Karthik was appointed as Managing Director on 19 Nov 2014.
Frequently asked questions
Erode Thilagam Chits is an active private limited company based in Erode, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 19 November 2014 (12+ years old) and is registered under CIN U65992TZ2014PTC020888.
Erode Thilagam Chits has 2 current directors:
- Balasubramaniam Karthik - Managing Director
- Balasubramanian Thilagavathy - Director
The latest financial statements of Erode Thilagam Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Erode Thilagam Chits is 33AADCE8072A1Z2, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Erode Thilagam Chits is U65992TZ2014PTC020888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Erode Thilagam Chits has 9 court cases on record: 9 filed by the company. 4 are pending.
Erode Thilagam Chits was incorporated on 19 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Erode Thilagam Chits by revenue are KKR Chits Private Limited, Aksharareddy Chit Funds Private Limited, Arikkatt Kuries Private Limited, Suphalacharita Chit Fund Private Limited, Kopuram Chits Private Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Balasubramaniam Karthik was appointed as Managing Director on 19 Nov 2014. Balasubramanian Thilagavathy was appointed as Director on 19 Nov 2014.
The registered office of Erode Thilagam Chits is at 814 Raja Street Sanjay Nagar, Erode, Tamil Nadu, India – 638011.
Erode Thilagam Chits operates in the financial services industry, in the diversified financial services segment.
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