Korada Chit Funds Private Limited
About Korada Chit Funds Private Limited
Data last updated:
Korada Chit Funds Private Limited is a private limited company based in Vijayawada, Andhra Pradesh, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 19 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP1998PTC029073.
The company has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹3.6 Lakh. It is led by directors Vijaya Kumar Koraada (Managing Director) and Gayatri Chagarla.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 30 – 16 – 1 Seetharampuram Eluru Road Eluru Road, Vijayawada, Andhra Pradesh, India.
As per the financials filed for FY 2017, the company reported a revenue of ₹16.23 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹32,808 (net margin 2%) and EBITDA of ₹6 Lakh (EBITDA margin 37%).
As per MCA filings, the company has open charges of ₹3 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address30 – 16 – 1 Seetharampuram Eluru Road Eluru Road, Vijayawada, Andhra Pradesh, India
- IndustryFinancial Services, Financial Activities
- 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
- One PDF report, delivered after checkout
Financials of Korada Chit Funds Private Limited FY 2024 filings available
Korada Chit Funds Private Limited reported revenue of ₹16.23 Lakh (down 17% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Korada Chit Funds Private Limited
Revenue fell 17% in the latest year. EBITDA rose 36% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Korada Chit Funds Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹16.23 Lakh | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹6 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹32,808 | •••• | •••• |
| 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 of Korada Chit Funds Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 37% | •••• | •••• |
| Net Profit Margin | 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Korada Chit Funds are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Korada Chit Funds Private Limited
Korada Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijaya Kumar Koraada Also directs: Zixin Cylinders Private Limited | Managing Director | 19 Mar 1998 | 28 Years 7 Months | Current |
| Gayatri Chagarla | Director | 06 Jun 1998 | 28 Years 4 Months | Current |
Auditor Details of Korada Chit Funds Private Limited
Korada Chit Funds Private Limited is audited by BVS Prakash & Co for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BVS Prakash & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Korada Chit Funds Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Korada Chit Funds Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Aug 2001 | Canara Bank | ₹3 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Korada Chit Funds Private Limited
Korada Chit Funds Private Limited has 2 court cases on record: 2 filed by Korada Chit Funds. All cases are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Appeal | Filed by the company against an individual | Disposed |
| High Court of Andhra Pradesh | Appeal | Filed by the company against an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Korada Chit Funds Private Limited
Employment history and EPFO contributions of people linked to Korada Chit Funds.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Korada Chit Funds Private Limited
Korada Chit Funds Private Limited has 2 board changes on record since 1998: 2 appointments. The latest: Gayatri Chagarla was appointed as Director on 06 Jun 1998.
Credit Ratings, Litigation & Regulatory Alerts for Korada Chit Funds Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Korada Chit Funds Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Korada Chit Funds Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Korada Chit Funds Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Korada Chit Funds Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Korada Chit Funds Private Limited
Korada Chit Funds is an active private limited company based in Vijayawada, Andhra Pradesh, India. The company works in financial activities, within the financial services industry. It was incorporated on 19 March 1998 (28+ years old) and is registered under CIN U65992AP1998PTC029073.
Korada Chit Funds reported revenue of ₹16.23 Lakh for FY 2017 (down 17% YoY).
Korada Chit Funds has 2 current directors:
- Vijaya Kumar Koraada - Managing Director
- Gayatri Chagarla - Director
Korada Chit Funds reported a net profit of ₹32,808 (net margin 2%) and EBITDA of ₹6 Lakh (EBITDA margin 37%) for FY 2017, as per its filed financial statements.
The CIN (Corporate Identification Number) of Korada Chit Funds is U65992AP1998PTC029073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Korada Chit Funds has 2 court cases on record: 2 filed by the company.
Korada Chit Funds was incorporated on 19 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Vijayawada.
Gayatri Chagarla was appointed as Director on 06 Jun 1998. Vijaya Kumar Koraada was appointed as Managing Director on 19 Mar 1998.
The registered office of Korada Chit Funds is at 30 – 16 – 1 Seetharampuram Eluru Road Eluru Road, Vijayawada, Andhra Pradesh, India.
Korada Chit Funds has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹3.6 Lakh.