Forefront Chit Fund Private Limited
About Forefront Chit Fund Private Limited
Data last updated:
Forefront Chit Fund Private Limited is a private limited company based in Mala, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 03 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2012PTC031571.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Nedumkunnil Kunjappan Prakasan (Managing Director) and Valiyaveedu Sreekanth Chandran.
Its last annual general meeting (AGM) was held on 30 November 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Building No. V / 778 Annamanada Junction Annamanada P O, Mala, Kerala, India – 680741.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.67 Lakh, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹63 (net margin 0%) and EBITDA of ₹487 (EBITDA margin 0.3%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 15% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Forefront Chit Fund Private Limited's registered office is in Mala, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBuilding No. V / 778 Annamanada Junction Annamanada P O, Mala, Kerala, India – 680741
- IndustryFinancial Services, Financial Activities
To see the full contact details of Forefront Chit Fund 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 Forefront Chit Fund 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 Forefront Chit Fund Private Limited, buy the company report.
Financials of Forefront Chit Fund Private Limited
FY 2020 filings availableForefront Chit Fund Private Limited reported revenue of ₹1.67 Lakh (down 43% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 43% fall in the latest year. EBITDA rose 118% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | ₹487 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹63 | ||||
| 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 0% | ||||
| 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 | |||||
To see the full financial statements and ratios of Forefront Chit Fund Private Limited, buy the company report.
Board of directors of Forefront Chit Fund Private Limited
Forefront Chit Fund has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nedumkunnil Kunjappan Prakasan | Managing Director | 03 Jul 2012 | 14 Years 3 Months | Current |
| Valiyaveedu Sreekanth Chandran | Director | 19 Jul 2012 | 14 Years 3 Months | Current |
| Plaseri Balan Suresh | Director | 19 Jul 2012 | 14 Years 3 Months | Current |
| Vadakkedath Babu Sankaran | Director | 03 Jul 2012 | 14 Years 3 Months | Current |
Peer comparison
Forefront Chit Fund 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 |
|---|---|---|---|---|---|---|
| Netfinity Systems (India) Private Limited | ₹1.68 Lakh (FY 2019) | 2.0% | Mumbai, Maharashtra, India | |||
| Star Point Deal Comm Private Limited | ₹1.68 Lakh (FY 2024) | 14.0% | Howrah, West Bengal, India | |||
| Sangha Fabtrade Pvt Ltd | ₹1.68 Lakh (FY 2024) | 2.0% | Kolkata, West Bengal, India | |||
| Mis Deoband Mutual Benefits Nidhi Limited | ₹1.68 Lakh (FY 2023) | 5.0% | Deoband, Uttar Pradesh, India | |||
| Ashutosh Fiscal Services Pvt Ltd | ₹1.68 Lakh (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Forefront Chit Fund Private Limitedthis company | ₹1.67 Lakh (FY 2020) | ₹63 | 0% | -43.0% | Mala, Kerala, India | |
| Punjab Himachal Finance Pvt Ltd | ₹1.67 Lakh (FY 2024) | 24.0% | Punjab, India | |||
| Bandhab Micro Service Foundation | ₹1.67 Lakh (FY 2024) | 160.0% | Nadia, West Bengal, India | |||
| Ramesh Bhotika Commercial Private Limited | ₹1.67 Lakh (FY 2025) | Jamshedpur, Jharkhand, India | ||||
| Arora Nehra Tyagi Mutual Benefit Nidhi Limited | ₹1.67 Lakh (FY 2022) | Ghaziabad, Uttar Pradesh, India | ||||
| Janasobha Dhana Sambadhya Kuries Private Limited | ₹1.67 Lakh (FY 2025) | -31.0% | Thrissur, Kerala, India |
To see the full peer comparison of Forefront Chit Fund Private Limited, buy the company report.
Auditor
Forefront Chit Fund Private Limited is audited by KESAVAKUMAR P AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KESAVAKUMAR P AND ASSOCIATES | FY 2017 | 130648W |
Shareholding
The shareholding of Forefront Chit Fund 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 Forefront Chit Fund Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Forefront Chit Fund 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 Forefront Chit Fund 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 Forefront Chit Fund Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Forefront Chit Fund Private Limited has 5 board changes on record since 2012: 4 appointments and 1 cessation. The latest: Plaseri Balan Suresh was appointed as Director on 19 Jul 2012.
Frequently asked questions
Forefront Chit Fund is an active private limited company based in Mala, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 03 July 2012 (14+ years old) and is registered under CIN U65992KL2012PTC031571.
Forefront Chit Fund has 4 current directors:
- Nedumkunnil Kunjappan Prakasan - Managing Director
- Valiyaveedu Sreekanth Chandran - Director
- Plaseri Balan Suresh - Director
- Vadakkedath Babu Sankaran - Director
The latest financial statements of Forefront Chit Fund on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 November 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Forefront Chit Fund is U65992KL2012PTC031571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Forefront Chit Fund was incorporated on 03 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Forefront Chit Fund by revenue are Netfinity Systems (India) Private Limited, Star Point Deal Comm Private Limited, Sangha Fabtrade Pvt Ltd, Mis Deoband Mutual Benefits Nidhi Limited, Ashutosh Fiscal Services Pvt Ltd and 5 more, all in the same principal business activity (other financial activities).
Plaseri Balan Suresh was appointed as Director on 19 Jul 2012. Valiyaveedu Sreekanth Chandran was appointed as Director on 19 Jul 2012. Nedumkunnil Kunjappan Prakasan ceased to be Director on 16 Jul 2012. Forefront Chit Fund has 5 board changes on record in total.
The registered office of Forefront Chit Fund is at Building No. V 778 Annamanada Junction Annamanada P O, Mala, Kerala, India – 680741.
Forefront Chit Fund operates in the financial services industry, in the financial activities segment.
The compliance status of Forefront Chit Fund is compliant as of 20 September 2026. The company is actively filing with the Registrar of Companies.
Forefront Chit Fund can be reached at its registered office: Building No. V 778 Annamanada Junction Annamanada P O, Mala, Kerala, India – 680741.