Knitcity Chit Funds Private Limited
About Knitcity Chit Funds Private Limited
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Knitcity Chit Funds Private Limited is a private limited company based in Tirupur, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 09 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2017PTC028616.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Balasubramaniam Ravishankar and Jayalakshmi.
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 Ravinivas 31/41 Murungapalayam Kumar Nagar, Tirupur, Tamil Nadu, India – 641603.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.84 Lakh, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹71,553 (net margin 9.1%) and EBITDA of ₹72,248 (EBITDA margin 9.2%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 10% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Knitcity Chit Funds Private Limited's registered office is in Tirupur, Tamil Nadu.
- Registered AddressRavinivas 31/41 Murungapalayam Kumar Nagar, Tirupur, Tamil Nadu, India – 641603
- IndustryFinancial Services, Other Financial Intermediation, Kuri Companies, Chit Fund
- 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 Knitcity Chit Funds is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Knitcity Chit Funds Private Limited, buy the company report.
Financials of Knitcity Chit Funds Private Limited
FY 2025 filings availableKnitcity Chit Funds Private Limited reported revenue of ₹7.84 Lakh (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 6% fall 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹72,248 | ||||
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| Net Profit (PAT) | ₹71,553 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 9.2% | ||||
| Net Profit Margin | 9.1% | ||||
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To see the full financial statements and ratios of Knitcity Chit Funds Private Limited, buy the company report.
Board of directors of Knitcity Chit Funds Private Limited
Knitcity Chit Funds has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasubramaniam Ravishankar | Director | 09 Mar 2017 | 9 Years 8 Months | Current |
| Jayalakshmi | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
Legal cases
No court or tribunal cases involving Knitcity 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 Knitcity Chit Funds 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 Knitcity Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Knitcity Chit Funds Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Jayalakshmi was appointed as Director on 21 Oct 2022.
Frequently asked questions
Knitcity Chit Funds is an active private limited company based in Tirupur, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 09 March 2017 (9+ years old) and is registered under CIN U65992TZ2017PTC028616.
Knitcity Chit Funds has 2 current directors:
- Balasubramaniam Ravishankar - Director
- Jayalakshmi - Director
The latest financial statements of Knitcity 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 FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Knitcity Chit Funds is U65992TZ2017PTC028616. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Knitcity Chit Funds was incorporated on 09 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Coimbatore.
Jayalakshmi was appointed as Director on 21 Oct 2022. Subramaniachettiar Rajamanickam ceased to be Director on 21 Oct 2022. Sundaram Balasubramaniam ceased to be Director on 29 Mar 2019. Knitcity Chit Funds has 4 board changes on record in total.
The registered office of Knitcity Chit Funds is at Ravinivas 3141 Murungapalayam Kumar Nagar, Tirupur, Tamil Nadu, India – 641603.
Knitcity Chit Funds operates in the financial services industry, in the other financial intermediation segment.
The compliance status of Knitcity Chit Funds is compliant as of 04 July 2026. The company is actively filing with the Registrar of Companies.
Knitcity Chit Funds can be reached at its registered office: Ravinivas 3141 Murungapalayam Kumar Nagar, Tirupur, Tamil Nadu, India – 641603.
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