About J.N. Chit Funds Private Limited
Data last updated:
J.N. Chit Funds Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 09 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2006PTC059760. Its GSTIN is 33AABCJ7997D1ZD (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors including Medavenkata Narayana Gupta and Mahendra Babu Meda Venkata Naga.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Door No.92 Third Floor Flat No.3 – B Acharappan Street, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.36 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹45.37 Lakh (net margin 19.2%) and EBITDA of ₹71.62 Lakh (EBITDA margin 30.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 12% over five 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. For more details, the company can be reached via its website jnchits.com.
Company details
Contact details
J.N. Chit Funds Private Limited's registered office is in Chennai, Tamil Nadu. Its website is jnchits.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressDoor No.92 Third Floor Flat No.3 – B Acharappan Street, Chennai, Tamil Nadu, India – 600001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of J.N. 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 J.N. Chit Funds 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 J.N. Chit Funds Private Limited, buy the company report.
Financials of J.N. Chit Funds Private Limited
FY 2025 filings availableJ.N. Chit Funds Private Limited reported revenue of ₹2.36 Cr (up 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 27% growth in the latest year. EBITDA rose 58% 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 |
|---|---|---|---|---|---|
| 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 | ₹71.62 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹45.37 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.3% | ||||
| Net Profit Margin | 19.2% | ||||
| 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 J.N. Chit Funds Private Limited, buy the company report.
Board of directors of J.N. Chit Funds Private Limited
J.N. Chit Funds has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Medavenkata Narayana Gupta Also directs: J.F.Chit Funds Private Limited | Director | 09 May 2006 | 20 Years 5 Months | Current |
| Mahendra Babu Meda Venkata Naga Also directs: Eka Home Decors LLP | Director | 07 Mar 2016 | 10 Years 7 Months | Current |
| Meda Lakshmi Sai Amulya | Additional Director | 19 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
J.N. Chit Funds Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Cherupushpam Kuries Olarikkara Pvt Ltd | ₹2.41 Cr (FY 2025) | 7.0% | Thrissur, Kerala, India | |||
| Trichy Venkatajalapathy Chit Funds Private Limited | ₹2.4 Cr (FY 2024) | -1.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Vyavsayi Bachat Evam Sakh Swamlambi Nidhi Limited | ₹2.37 Cr (FY 2025) | -21.0% | Patna, Bihar, India | |||
| J.N. Chit Funds Private Limitedthis company | ₹2.36 Cr (FY 2024) | ₹45.37 Lakh | 19.2% | 27.0% | Chennai, Tamil Nadu, India | |
| Trichy Sri Ambal Chit Fund Private Limited | ₹2.36 Cr (FY 2024) | 18.0% | Trichirapalli, Tamil Nadu, India | |||
| Sharan Welfare Foundation | ₹2.35 Cr (FY 2025) | 47.0% | Bhopal, Madhya Pradesh, India | |||
| Bansalbandu Chitfund Private Limited | ₹2.34 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| SSS Chits India Private Limited | ₹2.31 Cr (FY 2025) | 28.0% | Salem, Tamil Nadu, India |
To see the full peer comparison of J.N. Chit Funds Private Limited, buy the company report.
Auditor
J.N. Chit Funds Private Limited is audited by ACHUTHA AND MALLIK ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ACHUTHA AND MALLIK ASSOCIATES | FY 2017 | 000034S |
Shareholding
The shareholding of J.N. Chit Funds 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 J.N. Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2020 | 100366767 | Canara Bank | ₹9 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving J.N. 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 J.N. Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
J.N. Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCJ7997D1ZD | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of J.N. Chit Funds Private Limited, buy the company report.
Recent activity
J.N. Chit Funds Private Limited has 5 board changes on record since 2006: 4 appointments and 1 cessation. The latest: Meda Lakshmi Sai Amulya was appointed as Additional Director on 19 Dec 2025.
Frequently asked questions
J.N. Chit Funds is an active private limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 09 May 2006 (20+ years old) and is registered under CIN U65992TN2006PTC059760.
J.N. Chit Funds has 3 current directors:
- Medavenkata Narayana Gupta - Director
- Mahendra Babu Meda Venkata Naga - Director
- Meda Lakshmi Sai Amulya - Additional Director
The latest financial statements of J.N. Chit Funds on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of J.N. Chit Funds is 33AABCJ7997D1ZD, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of J.N. Chit Funds is U65992TN2006PTC059760. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
J.N. Chit Funds was incorporated on 09 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of J.N. Chit Funds by revenue are Cherupushpam Kuries Olarikkara Pvt Ltd, Trichy Venkatajalapathy Chit Funds Private Limited, Vyavsayi Bachat Evam Sakh Swamlambi Nidhi Limited, Trichy Sri Ambal Chit Fund Private Limited, Sharan Welfare Foundation and 2 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Meda Lakshmi Sai Amulya was appointed as Additional Director on 19 Dec 2025. Mahendra Babu Meda Venkata Naga ceased to be Additional Director on 30 Sep 2016. Mahendra Babu Meda Venkata Naga was appointed as Director on 07 Mar 2016. J.N. Chit Funds has 5 board changes on record in total.
J.N. Chit Funds can be reached through the website jnchits.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of J.N. Chit Funds is at Door No.92 Third Floor Flat No.3 – B Acharappan Street, Chennai, Tamil Nadu, India – 600001.
J.N. Chit Funds operates in the financial services industry, in the microfinance institutions segment.