Firstcity Chits Private Limited
About Firstcity Chits Private Limited
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Firstcity Chits Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 15 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2000PTC044401.
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors Shanthi Suresh and Srinivasa Ragavan Govindarajan.
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 A – 9 Mookambika Apts 2nd Floor 20 Srinivasa Avenue Road Ra Puram, Chennai, Tamil Nadu, India – 600028.
As per the financials filed for FY 2017, the company reported a revenue of ₹17.06 Lakh, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹86,033 (net margin 5%) and EBITDA of -₹78,984 (EBITDA margin -4.6%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
As per MCA filings, the company has open charges of ₹7.6 Lakh and satisfied charges of ₹7.6 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressA – 9 Mookambika Apts 2nd Floor 20 Srinivasa Avenue Road Ra Puram, Chennai, Tamil Nadu, India – 600028
- IndustryFinancial Services, Diversified Financial Services
- 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 Firstcity Chits Private Limited
The main business activity of Firstcity 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 Firstcity Chits Private Limited FY 2023 filings available
Firstcity Chits Private Limited reported revenue of ₹17.06 Lakh (down 10% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Firstcity Chits Private Limited
Revenue fell 10% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 2%. 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 Firstcity Chits Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹17.06 Lakh | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹78,984 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹86,033 | •••• | •••• |
| 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 Firstcity Chits Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -4.6% | •••• | •••• |
| Net Profit Margin | 5% | •••• | •••• |
| 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 Firstcity Chits are in the company report.
Financial statements from 2015
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.
Auditor Details of Firstcity Chits Private Limited
Firstcity Chits Private Limited is audited by JLR & Co for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JLR & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Firstcity Chits Private Limited
Firstcity Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanthi Suresh | Director | 15 Mar 2000 | 26 Years 6 Months | Current |
| Srinivasa Ragavan Govindarajan Also directs: The People Tree Network LLP, Padgov Advisors Private Limited | Additional Director | 05 Mar 2024 | 2 Years 7 Months | Current |
Ownership and Shareholding of Firstcity 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 Firstcity Chits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Oct 2005 | Bank of Baroda | ₹4 Lakh | Satisfied |
| 23 Sep 2005 | Thet Dhanalakshmi Bank Ltd | ₹3 Lakh | Satisfied |
| 25 Oct 2002 | Dhanalakshmi Bank Ltd | ₹30,000 | Satisfied |
| 25 Oct 2002 | Dhanalakshmi Bank Ltd. | ₹30,000 | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Firstcity Chits Private Limited
Employment history and EPFO contributions of people linked to Firstcity 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 Firstcity Chits Private Limited
Firstcity Chits Private Limited has 5 board changes on record since 2000: 2 appointments and 3 cessations. The latest: Srinivasa Ragavan Govindarajan was appointed as Additional Director on 05 Mar 2024.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Firstcity 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 Firstcity 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 Firstcity 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 Firstcity 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 Firstcity 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 Firstcity Chits Private Limited
Firstcity Chits is an active private limited company based in Chennai, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 15 March 2000 (26+ years old) and is registered under CIN U65992TN2000PTC044401.
Firstcity Chits reported revenue of ₹17.06 Lakh for FY 2017 (down 10% YoY).
Firstcity Chits has 2 current directors:
- Shanthi Suresh - Director
- Srinivasa Ragavan Govindarajan - Additional Director
Firstcity Chits reported a net profit of ₹86,033 (net margin 5%) and EBITDA of -₹78,984 (EBITDA margin -4.6%) for FY 2017, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Firstcity Chits is 2% over three years. In the latest year (FY 2017) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Firstcity Chits is U65992TN2000PTC044401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Firstcity Chits was incorporated on 15 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Chennai.
Srinivasa Ragavan Govindarajan was appointed as Additional Director on 05 Mar 2024. Suresh Krishnamurthy ceased to be Managing Director on 04 Feb 2024. Gopalakrishnan Mahalakshmi ceased to be Director on 06 Oct 2007. Firstcity Chits has 5 board changes on record in total.
The registered office of Firstcity Chits is at A – 9 Mookambika Apts 2nd Floor 20 Srinivasa Avenue Road Ra Puram, Chennai, Tamil Nadu, India – 600028.
Firstcity Chits has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹9 Lakh.