Karulai Chits Private Limited
About Karulai Chits Private Limited
Data last updated:
Karulai Chits Private Limited is a private limited company based in Nilambur, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 22 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2010PTC027251.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7 Lakh. It is led by directors including Shanavas and Radhakrishnan Kadambath.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at II/1165 V P Auto Building Opposite Little Flower English School, Nilambur, Kerala, India – 673329.
Court records list 10 cases involving the company, including 10 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Karulai Chits Private Limited's registered office is in Nilambur, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressII/1165 V P Auto Building Opposite Little Flower English School, Nilambur, Kerala, India – 673329
- IndustryFinancial Services, Financial Activities
To see the full contact details of Karulai 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 Karulai 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 Karulai Chits Private Limited
FY 2024 filings availableKarulai Chits Private Limited reported revenue of ₹5,497 (down 72% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 72% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 125%. 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 | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 | |||||
| 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 Karulai Chits Private Limited, buy the company report.
Board of directors of Karulai Chits Private Limited
Karulai Chits 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 |
|---|---|---|---|---|
| Shanavas Also directs: Nilambur Gramin Nidhi Limited | Director | 22 Dec 2010 | 15 Years 10 Months | Current |
| Radhakrishnan Kadambath | Director | 22 Dec 2010 | 15 Years 10 Months | Current |
| Raveendran Panayangal | Director | 22 Dec 2010 | 15 Years 10 Months | Current |
Peer comparison
Karulai Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Highview Investment Consultants Private Limited | ₹5,520 (FY 2016) | -18.0% | Howrah, West Bengal, India | |||
| Mallya Pvt Ltd | ₹5,508 (FY 2019) | -100.0% | Kolkata, West Bengal, India | |||
| Bharathi Chit Funds Private Limited | ₹5,500 (FY 2018) | Kazhugumalai, Tamil Nadu, India | ||||
| Gielle Investments Ltd | ₹5,500 (FY 2024) | -94.0% | North 24 Parganas, West Bengal, India | |||
| Ludhiana Traders Private Limited | ₹5,500 (FY 2025) | -8.0% | Ludhiana, Punjab, India | |||
| Karulai Chits Private Limitedthis company | ₹5,497 (FY 2024) | -72.0% | Nilambur, Kerala, India | |||
| Liable Tradecom Private Limited | ₹5,480 (FY 2017) | 17.0% | Kolkata, West Bengal, India | |||
| Aruppukottai Akshaya Chit Fund Private Limited | ₹5,467 (FY 2024) | -3.0% | Aruppukottai, Tamil Nadu, India | |||
| Eptia Loan Services Private Limited | ₹5,466 (FY 2024) | -94.0% | Kozhikode, Kerala, India | |||
| Prompt Fin Lease Private Limited | ₹5,460 (FY 2017) | Nagpur, Maharashtra, India | ||||
| Shrirang Nidhi Limited | ₹5,449 (FY 2019) | Aurangabad, Maharashtra, India |
To see the full peer comparison of Karulai Chits Private Limited, buy the company report.
Auditor
Karulai Chits Private Limited is audited by ISAAC AND SURESH CHARTERED ACCOUNTANTS for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ISAAC AND SURESH CHARTERED ACCOUNTANTS | FY 2017 | 001150S |
Shareholding
The shareholding of Karulai Chits 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 Karulai Chits Private Limited, buy the company report.
Legal cases
Karulai Chits Private Limited has 10 court cases on record: 10 filed by Karulai Chits. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 2 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Malappuram, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Malappuram, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Malappuram, Kerala | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Malappuram, Kerala | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Malappuram, Kerala | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Karulai 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 Karulai 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 Karulai Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Karulai Chits Private Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Abdulgafoor Pannikkodan ceased to be Director on 24 Aug 2020.
Frequently asked questions
Karulai Chits is an active private limited company based in Nilambur, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 22 December 2010 (16+ years old) and is registered under CIN U65992KL2010PTC027251.
Karulai Chits has 3 current directors:
- Shanavas - Director
- Radhakrishnan Kadambath - Director
- Raveendran Panayangal - Director
The latest financial statements of Karulai Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Karulai Chits is U65992KL2010PTC027251. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karulai Chits has 10 court cases on record: 10 filed by the company. 2 are pending.
Karulai Chits was incorporated on 22 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Karulai Chits by revenue are Highview Investment Consultants Private Limited, Mallya Pvt Ltd, Bharathi Chit Funds Private Limited, Gielle Investments Ltd, Ludhiana Traders Private Limited and 5 more, all in the same principal business activity (other financial activities).
Abdulgafoor Pannikkodan ceased to be Director on 24 Aug 2020. Radhakrishnan Kadambath was appointed as Director on 22 Dec 2010. Raveendran Panayangal was appointed as Director on 22 Dec 2010. Karulai Chits has 4 board changes on record in total.
The registered office of Karulai Chits is at II1165 V P Auto Building Opposite Little Flower English School, Nilambur, Kerala, India – 673329.
Karulai Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Karulai Chits is compliant as of 25 August 2026. The company is actively filing with the Registrar of Companies.
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.
