Kanchi Chits Private Limited
About Kanchi Chits Private Limited
Data last updated:
Kanchi Chits Private Limited was a private limited company based in Chennai, Tamil Nadu, 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 diversified financial services segment of the financial services sector. It was incorporated on 13 June 2007.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2007PTC063942.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It was led by directors Gunasekaran Sathasivan and Chandran Kubendran.
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 was at Old No. 17 New No. 4 Gangai Nagar 3rd Main Road Velacherry, Chennai, Tamil Nadu, India – 600042.
As per the financials filed for FY 2021, the company reported a revenue of ₹71,800, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹19.44 Lakh and EBITDA of -₹19.18 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 62% over five years.
Company details
Contact details
Kanchi Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressOld No. 17 New No. 4 Gangai Nagar 3rd Main Road Velacherry, Chennai, Tamil Nadu, India – 600042
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Kanchi 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 Kanchi 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 |
Financials of Kanchi Chits Private Limited
FY 2021 filings availableKanchi Chits Private Limited reported revenue of ₹71,800 (down 95% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years, including a 95% fall in the latest year. EBITDA fell 584% 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 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | -₹19.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹19.44 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Kanchi Chits Private Limited, buy the company report.
Board of directors of Kanchi Chits Private Limited
Kanchi Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunasekaran Sathasivan | Director | 13 Jun 2007 | 19 Years 4 Months | As last reported |
| Chandran Kubendran Also directs: KCSK Chits Private Limited | Director | 13 Jun 2007 | 19 Years 4 Months | As last reported |
Peer comparison
Kanchi Chits Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Radhamadhav Nidhi Limited | ₹72,000 (FY 2022) | Kota, Rajasthan, India | ||||
| Echo Fiscal Services Pvt Ltd | ₹71,985 (FY 2019) | 0.0% | Kolkata, West Bengal, India | |||
| Kanchi Chits Private Limitedthis company | ₹71,800 (FY 2021) | -₹19.44 Lakh | -95.0% | Chennai, Tamil Nadu, India | ||
| Udhagai Nidhi Limited | ₹71,793 (FY 2025) | -83.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Kanchi Chits Private Limited, buy the company report.
Auditor
Kanchi Chits Private Limited is audited by P K K G BALASUBRAMANIAM & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P K K G BALASUBRAMANIAM & ASSOCIATES | FY 2017 | 001547S |
Shareholding
The shareholding of Kanchi Chits 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 Kanchi Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Kanchi Chits 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 Kanchi 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 Kanchi Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Kanchi Chits Private Limited has 5 board changes on record since 2007: 2 appointments and 3 cessations. The latest: Kandasamy Ramachandran ceased to be Director on 05 Mar 2022.
Frequently asked questions
Kanchi Chits 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.
Kanchi Chits was a private limited company based in Chennai, Tamil Nadu, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 13 June 2007 and is registered under CIN U65992TN2007PTC063942. The company has been struck off by the Registrar of Companies and is no longer operational.
Kanchi Chits had 2 directors:
- Gunasekaran Sathasivan - Director
- Chandran Kubendran - Director
The CIN (Corporate Identification Number) of Kanchi Chits is U65992TN2007PTC063942. 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 Kanchi Chits is at Old No. 17 New No. 4 Gangai Nagar 3rd Main Road Velacherry, Chennai, Tamil Nadu, India – 600042.
Kanchi Chits was incorporated on 13 June 2007. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of Kanchi Chits 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 2015 are in the company report.
Kanchi Chits operated in the financial services industry, in the diversified financial services segment. It worked in this industry before it was struck off.
The peers of Kanchi Chits by revenue are Radhamadhav Nidhi Limited, Echo Fiscal Services Pvt Ltd, Udhagai Nidhi Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Kandasamy Ramachandran ceased to be Director on 05 Mar 2022. Menaka Jothi Ramalingam ceased to be Director on 05 Mar 2022. Rangaswamy Kalyanasundaram ceased to be Director on 05 Mar 2022. Kanchi Chits has 5 board changes on record in total.
The compliance status of Kanchi Chits is compliant as of 13 July 2026.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
