Head Line Chits Private Limited
About Head Line Chits Private Limited
Data last updated:
Head Line Chits Private Limited is a private limited company based in Thrissur, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 13 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65990KL2017PTC051377.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors including Biju Nedumpuram Devassykutty (Managing Director) and Jeejo Pazhayattil Ouseph.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Xvii/864 C Opposite Private Bus Stand Mala, Thrissur, Kerala, India – 680732.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.83 Lakh, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹11.4 Lakh (net margin -403.6%) and EBITDA of -₹11.39 Lakh (EBITDA margin -403.3%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 29% over five years.
Court records list 12 cases involving the company, including 12 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Head Line Chits Private Limited's registered office is in Thrissur, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressXvii/864 C Opposite Private Bus Stand Mala, Thrissur, Kerala, India – 680732
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Head Line 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 Head Line 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 Head Line Chits Private Limited, buy the company report.
Financials of Head Line Chits Private Limited
FY 2025 filings availableHead Line Chits Private Limited reported revenue of ₹2.83 Lakh (down 76% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 76% fall 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹11.39 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.4 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -403.3% | ||||
| Net Profit Margin | -403.6% | ||||
| 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 Head Line Chits Private Limited, buy the company report.
Board of directors of Head Line Chits Private Limited
Head Line Chits has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeejo Pazhayattil Ouseph | Director | 28 Jul 2020 | 6 Years 2 Months | Current |
| Unnikrishnan Kongassery Also directs: Mala Chitman Nidhi Limited, Chitman Kuries Private Limited | Director | 23 Sep 2024 | 2 Years 1 Months | Current |
| Santhosh Thekkedath Vasu Also directs: Mala Chitman Nidhi Limited, Chitman Kuries Private Limited | Director | 28 Jul 2020 | 6 Years 2 Months | Current |
| Thekkumthala Abhilash Dharmadas Also directs: Mala Chitman Nidhi Limited, Chitman Kuries Private Limited | Director | 23 Sep 2024 | 2 Years 1 Months | Current |
| Austine Payyappilly Also directs: Mala Chitman Nidhi Limited, Chitman Kuries Private Limited | Director | 28 Jul 2020 | 6 Years 2 Months | Current |
| Parekkadan Paulose Jos Also directs: Mala Chitman Nidhi Limited, Chitman Kuries Private Limited | Director | 27 Oct 2019 | 6 Years 11 Months | Current |
Peer comparison
Head Line Chits Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Bluehedge Nidhi Limited | ₹2.9 Lakh (FY 2021) | 88.0% | Thrissur, Kerala, India | |||
| R.S.R.Chit Fund Private Limited | ₹2.86 Lakh (FY 2018) | -52.0% | Chennai, Tamil Nadu, India | |||
| Head Line Chits Private Limitedthis company | ₹2.83 Lakh (FY 2025) | -₹11.4 Lakh | -403.6% | -76.0% | Thrissur, Kerala, India | |
| Ath India Nidhi Limited | ₹2.81 Lakh (FY 2021) | 492.0% | Patna, Bihar, India | |||
| Unigain Nidhi Limited | ₹2.8 Lakh (FY 2025) | -79.0% | Patturaikkal, Kerala, India | |||
| Kallarakkal Kuries Private Limited | ₹2.76 Lakh (FY 2018) | -15.0% | Ernakulam, Kerala, India | |||
| Sri Sesasai Chit Fund Private Limited | ₹2.75 Lakh (FY 2023) | -75.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Head Line Chits Private Limited, buy the company report.
Auditor
Head Line Chits Private Limited is audited by UNNIKRISHNAN & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UNNIKRISHNAN & CO | FY 2018 | 004460S |
Shareholding
The shareholding of Head Line Chits Private Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Head Line Chits Private Limited, buy the company report.
Legal cases
Head Line Chits Private Limited has 12 court cases on record: 12 filed by Head Line Chits. 1 case is pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 0 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against individuals | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Head Line 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 Head Line Chits 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 Head Line Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Head Line Chits Private Limited has 16 board changes on record since 2019: 7 appointments and 9 cessations. The latest: Thekkumthala Abhilash Dharmadas was appointed as Director on 23 Sep 2024.
7 earlier events are in the company report.
Frequently asked questions
Head Line Chits is an active private limited company based in Thrissur, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 13 December 2017 (9+ years old) and is registered under CIN U65990KL2017PTC051377.
Head Line Chits has 7 current directors:
- Biju Nedumpuram Devassykutty - Managing Director
- Jeejo Pazhayattil Ouseph - Director
- Unnikrishnan Kongassery - Director
- Santhosh Thekkedath Vasu - Director
- Thekkumthala Abhilash Dharmadas - Director
- Austine Payyappilly - Director
- Parekkadan Paulose Jos - Director
The latest financial statements of Head Line Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Head Line Chits is U65990KL2017PTC051377. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Head Line Chits has 12 court cases on record: 12 filed by the company. 1 is pending.
Head Line Chits was incorporated on 13 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Head Line Chits by revenue are Bluehedge Nidhi Limited, R.S.R.Chit Fund Private Limited, Ath India Nidhi Limited, Unigain Nidhi Limited, Kallarakkal Kuries Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Thekkumthala Abhilash Dharmadas was appointed as Director on 23 Sep 2024. Unnikrishnan Kongassery was appointed as Director on 23 Sep 2024. Xavier Kodiyan Devassy ceased to be Director on 23 Sep 2024. Head Line Chits has 16 board changes on record in total.
The registered office of Head Line Chits is at Xvii864 C Opposite Private Bus Stand Mala, Thrissur, Kerala, India – 680732.
Head Line Chits operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Head Line Chits is compliant as of 06 August 2026. The company is actively filing with the Registrar of Companies.