Incredible Chits India Private Limited
About Incredible Chits India Private Limited
Data last updated:
Incredible Chits India Private Limited was a private limited company based in Secunderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the microfinance institutions segment of the financial services sector. It was incorporated on 19 October 2012.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2012PTC083736.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh. It was led by directors including Nedungadi Praveen Kumar and Vijay Kumar Tulsiram Varri.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 3 – 6 – 98 2nd Floor II – A Vasavi Towers West Marredpally, Secunderabad, Telangana, India – 500026.
As per the financials filed for FY 2017, the company reported a revenue of ₹10.88 Lakh, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹9.63 Lakh (net margin -88.6%) and EBITDA of -₹9.61 Lakh (EBITDA margin -88.3%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years.
The company had about 26 employees on its provident fund (EPFO) records before it was struck off.
Company details
CIN history
Incredible Chits India has one previous CIN (Corporate Identification Number): U65992AP2012PTC083736. The current CIN is U65992TG2012PTC083736, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG2012PTC083736 | Current |
| U65992AP2012PTC083736 | Previous |
Contact details
Incredible Chits India Private Limited's registered office is in Secunderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3 – 6 – 98 2nd Floor II – A Vasavi Towers West Marredpally, Secunderabad, Telangana, India – 500026
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Incredible Chits India 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 Incredible Chits India 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 Incredible Chits India Private Limited, buy the company report.
Financials of Incredible Chits India Private Limited
FY 2017 filings availableIncredible Chits India Private Limited reported revenue of ₹10.88 Lakh (down 12% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 35%. 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| 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 | -₹9.61 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹9.63 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -88.3% | ||
| Net Profit Margin | -88.6% | ||
| 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 Incredible Chits India Private Limited, buy the company report.
Board of directors of Incredible Chits India Private Limited
Incredible Chits India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nedungadi Praveen Kumar | Director | 19 Oct 2012 | 14 Years 0 Months | As last reported |
| Vijay Kumar Tulsiram Varri | Director | 19 Oct 2012 | 14 Years 0 Months | As last reported |
| Avtar Singh | Director | 19 Oct 2012 | 14 Years 0 Months | As last reported |
Peer comparison
Incredible Chits India Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Parasmahavir Credit Nidhi Limited | ₹11.02 Lakh (FY 2021) | 267.0% | Mumbai, Maharashtra, India | |||
| Calsun Nidhi Limited | ₹10.96 Lakh (FY 2024) | -64.0% | Kozhikode, Kerala, India | |||
| Tamanvi Chit Funds Private Limited | ₹10.93 Lakh (FY 2024) | -65.0% | Hanamkonda, Telangana, India | |||
| Punchiri Nidhi Limited | ₹10.92 Lakh (FY 2025) | -4.0% | Irinjalakuda, Kerala, India | |||
| Rihari Chitfund Private Limited | ₹10.9 Lakh (FY 2022) | -34.0% | Vijayawada, Andhra Pradesh, India | |||
| Incredible Chits India Private Limitedthis company | ₹10.88 Lakh (FY 2017) | -₹9.63 Lakh | -88.6% | -12.0% | 26 | Secunderabad, Telangana, India |
| TNV Chit Funds Private Limited | ₹10.8 Lakh (FY 2021) | Cuddalore, Tamil Nadu, India | ||||
| Vagdevi Chit Funds Private Limited | ₹10.79 Lakh (FY 2025) | -33.0% | Bowenpally, Sec-Bad-11, Telangana, India |
To see the full peer comparison of Incredible Chits India Private Limited, buy the company report.
Auditor
Incredible Chits India Private Limited is audited by Ashish H. Arora & Associates for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashish H. Arora & Associates | FY 2016 |
Shareholding
The shareholding of Incredible Chits India Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Incredible Chits India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Incredible Chits India 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 Incredible Chits India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Incredible Chits India Private Limited has a workforce of 26 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Incredible Chits India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Incredible Chits India Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Abhishek Vohra ceased to be Director on 15 Dec 2016.
Frequently asked questions
Incredible Chits India has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Incredible Chits India was a private limited company based in Secunderabad, Telangana, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 19 October 2012 and is registered under CIN U65992TG2012PTC083736. The company has been struck off by the Registrar of Companies and is no longer operational.
Incredible Chits India had 3 directors:
- Nedungadi Praveen Kumar - Director
- Vijay Kumar Tulsiram Varri - Director
- Avtar Singh - Director
The CIN (Corporate Identification Number) of Incredible Chits India is U65992TG2012PTC083736. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Incredible Chits India is at 3 – 6 – 98 2nd Floor II – A Vasavi Towers West Marredpally, Secunderabad, Telangana, India – 500026.
Incredible Chits India was incorporated on 19 October 2012. It is registered with the Registrar of Companies, Hyderabad.
The latest financial statements of Incredible Chits India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
Incredible Chits India operated in the financial services industry, in the microfinance institutions segment. It worked in this industry before it was struck off.
The peers of Incredible Chits India by revenue are Parasmahavir Credit Nidhi Limited, Calsun Nidhi Limited, Tamanvi Chit Funds Private Limited, Punchiri Nidhi Limited, Rihari Chitfund Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Abhishek Vohra ceased to be Director on 15 Dec 2016. Avtar Singh was appointed as Director on 19 Oct 2012. Nedungadi Praveen Kumar was appointed as Director on 19 Oct 2012. Incredible Chits India has 4 board changes on record in total.
The compliance status of Incredible Chits India is active non-compliant as of 22 August 2026.