About K M L M Chits India Limited
Data last updated:
K M L M Chits India Limited is a public limited company based in Kochi, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 28 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2009PLC024944. Its GSTIN is 32AADCK8049D1ZR (Kerala).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.33 Cr. It was formerly known as Klm Chits India Limited and K M L M Chits India Private Limited. It is led by directors including George Gijo Kuriape (Managing Director) and Elezabeth Mathew.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at I Floor Mathewsons Trade Centre Nr J N International Stadium Kaloor P.O, Kochi, Kerala, India – 682017.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.22 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹11.99 Lakh (net margin -130%) and EBITDA of -₹2.53 Lakh (EBITDA margin -27.5%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 41% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹98.59 Cr on record. Court records list 547 cases involving the company, including 491 filed by the company and 56 filed against it; 27 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website klmgroup.in.
Company details
Name history
K M L M Chits India has undergone 3 name changes throughout its history. The company was previously known as Klm Chits India Limited, K M L M Chits India Private Limited, and Klm Prime Chits Limited. The current legal name is K M L M Chits India Limited.
| Company Name | Status |
|---|---|
| K M L M Chits India Limited | Current |
| Klm Chits India Limited | Previous |
| K M L M Chits India Private Limited | Previous |
| Klm Prime Chits Limited | Previous |
CIN history
K M L M Chits India has one previous CIN (Corporate Identification Number): U65992KL2009PTC024944. The current CIN is U65992KL2009PLC024944, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992KL2009PLC024944 | Current |
| U65992KL2009PTC024944 | Previous |
Contact details
K M L M Chits India Limited's registered office is in Kochi, Kerala. Its website is klmgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressI Floor Mathewsons Trade Centre Nr J N International Stadium Kaloor P.O, Kochi, Kerala, India – 682017
- IndustryFinancial Services, Microfinance Institutions, Brokerage & Trading Services
To see the full contact details of K M L M Chits India 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 K M L M 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 K M L M Chits India Limited, buy the company report.
Financials of K M L M Chits India Limited
FY 2023 filings availableK M L M Chits India Limited reported revenue of ₹9.22 Lakh (down 33% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years, including a 33% fall in the latest year. EBITDA fell 257% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹9.22 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.99 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.5% | ||||
| Net Profit Margin | -130% | ||||
| 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 K M L M Chits India Limited, buy the company report.
Board of directors of K M L M Chits India Limited
K M L M Chits India has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| George Gijo Kuriape Also directs: J-P Global Fine India Private Limited, J-P Global Aggregates India Private Limited, KLM Fincorp Limited and 1 more | Managing Director | 30 Sep 2019 | 7 Years 0 Months | Current |
| Elezabeth Mathew Also directs: J-P Global Fine India Private Limited, J-P Global Aggregates India Private Limited, Enigmax LLP and 1 more | Additional Director | 21 Apr 2025 | 1 Years 6 Months | Current |
| Simi Gijo Also directs: KLM Assets Nidhi Limited | Additional Director | 10 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
K M L M Chits India Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services, 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 |
|---|---|---|---|---|---|---|
| Lakshmiganapathi Chits Private Limited | ₹9.27 Lakh (FY 2022) | -70.0% | Suryapet, Telangana, India | |||
| Karunagappally Nidhi Limited | ₹9.26 Lakh (FY 2023) | Karunagappally, Kerala, India | ||||
| K M L M Chits India Limitedthis company | ₹9.22 Lakh (FY 2023) | -₹11.99 Lakh | -130% | -33.0% | 2 | Kochi, Kerala, India |
| Vikrant Leasing Ltd | ₹9.2 Lakh (FY 2025) | -84.0% | Kolkata, West Bengal, India |
To see the full peer comparison of K M L M Chits India Limited, buy the company report.
Auditor
K M L M Chits India Limited is audited by R.B Jain and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.B Jain and Associates | FY 2023 | 103951W |
Shareholding
The shareholding of K M L M Chits India Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of K M L M Chits India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jul 2023 | 100760464 | State Bank of India | ₹86.59 Cr | Satisfied | |
| 13 Dec 2019 | 100313124 | Others | ₹10 Cr | Satisfied | |
| 20 May 2013 | 10430069 | The Federal Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of K M L M Chits India Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
K M L M Chits India Limited has 547 court cases on record: 491 filed by K M L M Chits India, 56 filed against it. 27 cases are pending and 520 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 507 | 38 | 16 |
| High courts | 40 | 18 | 11 |
Cases on record (5 of 547)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Appeal | Filed against the company by an individual | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Principal Chief Commissioner of Income Tax (Kerala) | Pending |
| District court, Ernakulam, Kerala | Court case (LP) | Filed by the company against an individual | Pending |
| High Court of Kerala | Appeal | Filed by the company against State of Kerala | Pending |
| District court, Ernakulam, Kerala | Court case (AS) | Filed against the company by an individual | Pending |
To see the full case history of K M L M Chits India 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 K M L M Chits India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
K M L M Chits India Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
K M L M Chits India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCK8049D1ZR | Kerala | Active | 03 Jun 2020 |
To see the full GST registrations and return filing status of K M L M Chits India Limited, buy the company report.
Recent activity
K M L M Chits India Limited has 15 board changes on record since 2009: 9 appointments and 6 cessations. The latest: Elen Elu Shibu ceased to be Director on 21 Apr 2025.
12 earlier events are in the company report.
Frequently asked questions
K M L M Chits India is an active public limited company based in Kochi, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 28 October 2009 (17+ years old) and is registered under CIN U65992KL2009PLC024944.
K M L M Chits India has 3 current directors:
- George Gijo Kuriape - Managing Director
- Elezabeth Mathew - Additional Director
- Simi Gijo - Additional Director
The latest financial statements of K M L M Chits India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of K M L M Chits India is 32AADCK8049D1ZR, registered in Kerala.
The CIN (Corporate Identification Number) of K M L M Chits India is U65992KL2009PLC024944. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
K M L M Chits India has 547 court cases on record: 491 filed by the company and 56 filed against it. 27 are pending. Most are in the district courts.
K M L M Chits India was incorporated on 28 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of K M L M Chits India by revenue are Lakshmiganapathi Chits Private Limited, Karunagappally Nidhi Limited, Vikrant Leasing Ltd, all in the BFSI industry (Broking Services, Micro Finance), with the same principal business activity (other financial activities).
Elen Elu Shibu ceased to be Director on 21 Apr 2025. Elezabeth Mathew was appointed as Additional Director on 21 Apr 2025. Nalpat Sebastian Jose ceased to be Director on 10 Apr 2025. K M L M Chits India has 15 board changes on record in total.
K M L M Chits India can be reached through the website klmgroup.in. Its registered office is in Kochi, Kerala, India.
The registered office of K M L M Chits India is at I Floor Mathewsons Trade Centre Nr J N International Stadium Kaloor P.O, Kochi, Kerala, India – 682017.