Ganga Devi Chit Fund Private Limited
About Ganga Devi Chit Fund Private Limited
Data last updated:
Ganga Devi Chit Fund Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 03 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN1989PTC017624. Its GSTIN is 33AABCG5000E1ZG (Tamil Nadu).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Ramanathan Dharmaraj (Managing Director) and Govindaraju Purushothaman (Managing Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at II Floor Aruna Arcade 37 Kansamettu Street, Madurai, Tamil Nadu, India – 625001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.05 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹11.4 Lakh (net margin 10.8%) and EBITDA of ₹17.26 Lakh (EBITDA margin 16.4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹42,000 on record. Court records list 17 cases involving the company, including 17 filed by the company; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ganga Devi Chit Fund Private Limited's registered office is in Madurai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressII Floor Aruna Arcade 37 Kansamettu Street, Madurai, Tamil Nadu, India – 625001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Ganga Devi 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 Ganga Devi 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 Ganga Devi Chit Fund Private Limited, buy the company report.
Financials of Ganga Devi Chit Fund Private Limited
FY 2025 filings availableGanga Devi Chit Fund Private Limited reported revenue of ₹1.05 Cr (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 7% growth in the latest year. EBITDA fell 1% 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 | ₹17.26 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹11.4 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 | 16.4% | ||||
| Net Profit Margin | 10.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ganga Devi Chit Fund Private Limited, buy the company report.
Board of directors of Ganga Devi Chit Fund Private Limited
Ganga Devi Chit Fund has 9 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnakumar Ramanathan | Additional Director | 15 Jun 2023 | 3 Years 4 Months | Current |
| Sethuraman Baskaran | Director | 16 May 2013 | 13 Years 5 Months | Current |
| Dhakshinamoorthy Sridhar | Director | 01 Jul 2019 | 7 Years 4 Months | Current |
| Gopal Ganesan | Director | 07 Apr 1994 | 32 Years 6 Months | Current |
| Ramanathan Dharmaraj | Managing Director | 16 May 2013 | 13 Years 5 Months | Current |
| Veerappanchettiar Pandi | Director | 16 May 2013 | 13 Years 5 Months | Current |
Peer comparison
Ganga Devi Chit Fund Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| BT Thakkar Money Changer Private Limited | ₹1.05 Cr (FY 2020) | 16.0% | Nagpur, Maharashtra, India | |||
| Pindimana Gramin Nidhi Limited | ₹1.05 Cr (FY 2024) | 52.0% | Pindimana, Kerala, India | |||
| Dalmia Investmart Private Limited | ₹1.05 Cr (FY 2022) | -13.0% | Kolkata, West Bengal, India | |||
| Derris Tie-Up Private Limited | ₹1.05 Cr (FY 2025) | -23.0% | Kolkata, West Bengal, India | |||
| Ganga Devi Chit Fund Private Limitedthis company | ₹1.05 Cr (FY 2024) | ₹11.4 Lakh | 10.8% | 7.0% | Madurai, Tamil Nadu, India | |
| Proficient Merchandise Limited | ₹1.05 Cr (FY 2022) | -52.0% | Fort Mumbai, Maharashtra, India | |||
| Chartered Forensic Investigators Private Limited | ₹1.05 Cr (FY 2024) | -14.0% | Jaipur, Rajasthan, India | |||
| Gajmukh Investments Private Limited | ₹1.05 Cr (FY 2025) | -60.0% | Hyderabad, Telangana, India | |||
| Azax Nidhi Limited | ₹1.05 Cr (FY 2025) | -5.0% | Chennai, Tamil Nadu, India | |||
| BNF Options Private Limited | ₹1.05 Cr (FY 2025) | 36.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Ganga Devi Chit Fund Private Limited, buy the company report.
Auditor
Ganga Devi Chit Fund Private Limited is audited by S L S M & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S L S M & CO | FY 2017 | 003729S |
Shareholding
The shareholding of Ganga Devi 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 Ganga Devi Chit Fund Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 1998 | 90300780 | The Karur Vysya Bank Limited | ₹42,000 | Open |
Total charge records: 1 View all charges
Legal cases
Ganga Devi Chit Fund Private Limited has 17 court cases on record: 17 filed by Ganga Devi Chit Fund. 5 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 0 | 5 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Madurai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Madurai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Madurai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Madurai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Madurai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Ganga Devi Chit Fund 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 Ganga Devi Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ganga Devi Chit Fund has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCG5000E1ZG | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ganga Devi Chit Fund Private Limited, buy the company report.
Recent activity
Ganga Devi Chit Fund Private Limited has 13 board changes on record since 1989: 9 appointments and 4 cessations. The latest: Krishnakumar Ramanathan was appointed as Additional Director on 15 Jun 2023.
5 earlier events are in the company report.
Frequently asked questions
Ganga Devi Chit Fund is an active private limited company based in Madurai, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 03 July 1989 (37+ years old) and is registered under CIN U65991TN1989PTC017624.
Ganga Devi Chit Fund has 9 current directors:
- Ramanathan Dharmaraj - Managing Director
- Govindaraju Purushothaman - Managing Director
- Krishnakumar Ramanathan - Additional Director
- Sethuraman Baskaran - Director
- Dhakshinamoorthy Sridhar - Director
- Gopal Ganesan - Director
- Veerappanchettiar Pandi - Director
- Kulanthai Chettiar Ponnambalam - Director
- Chellam Ramadhayalan - Director
The latest financial statements of Ganga Devi Chit Fund on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ganga Devi Chit Fund is 33AABCG5000E1ZG, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Ganga Devi Chit Fund is U65991TN1989PTC017624. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ganga Devi Chit Fund has 17 court cases on record: 17 filed by the company. 5 are pending.
Ganga Devi Chit Fund was incorporated on 03 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Ganga Devi Chit Fund by revenue are BT Thakkar Money Changer Private Limited, Pindimana Gramin Nidhi Limited, Dalmia Investmart Private Limited, Derris Tie-Up Private Limited, Proficient Merchandise Limited and 4 more, all in the same principal business activity (other financial activities).
Krishnakumar Ramanathan was appointed as Additional Director on 15 Jun 2023. Nagasamy Nehru Gandhi ceased to be Director on 11 Apr 2023. Dhakshinamoorthy Sridhar was appointed as Director on 01 Jul 2019. Ganga Devi Chit Fund has 13 board changes on record in total.
The registered office of Ganga Devi Chit Fund is at II Floor Aruna Arcade 37 Kansamettu Street, Madurai, Tamil Nadu, India – 625001.
Ganga Devi Chit Fund operates in the financial services industry, in the financial activities segment.
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