GLS Chit Funds Private Limited
About GLS Chit Funds Private Limited
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GLS Chit Funds Private Limited is a private limited company based in Cuddalore, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 22 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2017PTC120177.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Muruganatham and Tamizhselvi Muruganandam.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at No.72/6 Rice Mill Road 4th Cross Street Abatharanapuram Vadalur, Cuddalore, Tamil Nadu, India – 607303.
As per the financials filed for FY 2021, the company reported a revenue of ₹4.72 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹1.55 Lakh (net margin -32.8%) and EBITDA of ₹29,087 (EBITDA margin 6.2%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
As per MCA filings, the company has open charges of ₹9 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
GLS Chit Funds Private Limited's registered office is in Cuddalore, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo.72/6 Rice Mill Road 4th Cross Street Abatharanapuram Vadalur, Cuddalore, Tamil Nadu, India – 607303
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of GLS 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
Business activity
The main business activity of GLS Chit Funds is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of GLS Chit Funds Private Limited, buy the company report.
Financials of GLS Chit Funds Private Limited
FY 2021 filings availableGLS Chit Funds Private Limited reported revenue of ₹4.72 Lakh (down 16% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 16% fall in the latest year. EBITDA rose 105% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹29,087 | |||
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| Net Profit (PAT) | -₹1.55 Lakh | |||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | ||||
| EBITDA Margin | 6.2% | |||
| Net Profit Margin | -32.8% | |||
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To see the full financial statements and ratios of GLS Chit Funds Private Limited, buy the company report.
Board of directors of GLS Chit Funds Private Limited
GLS Chit Funds has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muruganatham | Director | 22 Dec 2017 | 8 Years 10 Months | Current |
| Tamizhselvi Muruganandam | Director | 22 Dec 2017 | 8 Years 10 Months | Current |
| Sivakami Chandrasekaran | Director | 22 Dec 2017 | 8 Years 10 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2020 | 100355957 | Others | ₹9 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving GLS 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 GLS 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 GLS Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
GLS Chit Funds Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Muruganatham was appointed as Director on 22 Dec 2017.
Frequently asked questions
GLS Chit Funds is an active private limited company based in Cuddalore, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 22 December 2017 (9+ years old) and is registered under CIN U65999TN2017PTC120177.
GLS Chit Funds has 3 current directors:
- Muruganatham - Director
- Tamizhselvi Muruganandam - Director
- Sivakami Chandrasekaran - Director
The latest financial statements of GLS Chit Funds on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of GLS Chit Funds is U65999TN2017PTC120177. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GLS Chit Funds was incorporated on 22 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Muruganatham was appointed as Director on 22 Dec 2017. Sivakami Chandrasekaran was appointed as Director on 22 Dec 2017. Tamizhselvi Muruganandam was appointed as Director on 22 Dec 2017.
The registered office of GLS Chit Funds is at No.726 Rice Mill Road 4th Cross Street Abatharanapuram Vadalur, Cuddalore, Tamil Nadu, India – 607303.
GLS Chit Funds operates in the financial services industry, in the other financial intermediation segment.
GLS Chit Funds has open charges of ₹9 Lakh and no satisfied charges on record as per latest MCA filings.
The compliance status of GLS Chit Funds is compliant as of 08 July 2026. The company is actively filing with the Registrar of Companies.