Korada Chit Funds Private Limited Company Logo

Korada Chit Funds Private Limited - Company Profile

It is a financial services private limited company based in Vijayawada-2, Andhra Pradesh, India, established in 1998.

1998 | Vijayawada-2, Andhra Pradesh, India | Active
Last Updated:

About Korada Chit Funds Private Limited

Korada Chit Funds Private Limited, a active private limited company, was established on 19 March 1998 in Vijayawada-2, Andhra Pradesh, India. Engaging in financial activities within the financial and insurance service sector, it holds CIN: U65992AP1998PTC029073. Registered under ROC Roc Vijayawada. it is unlisted. It has an authorized capital of ₹0.40 M and a paid-up capital of ₹0.36 M.

It upholds a compliant status. Its leadership includes Vijaya Kumar Koraada (Managing Director), Gayatri Chagarla (Director). It holds ₹0.30 M open charges and no settled loans. Its latest AGM occurred on 27 September 2024, with the balance sheet filed on 31 March 2024. It is based at 30-16-1, Seetharampuram,Eluru Road, Eluru Road,, Vijayawada-2, Andhra Pradesh.

Company Details

  • CIN/LLPIN

    U65992AP1998PTC029073

  • Registration Number

    029073

  • Incorporation Date

    19 March 1998

  • Authorized Capital

    ₹0.40 M

  • Paid-Up Capital

    ₹0.36 M

  • ROC Code

    Roc Vijayawada

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 0.40 M
  • Paid Up Capital ₹ 0.36 M
  • Company Age 27 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 0.30 M
  • Revenue Growth -17.37%
  • Profit Growth 890.52%
  • Ebitda 36.17%
  • Net Worth 3.72%
  • Total Assets 6.94%
Company report

Korada Chit Funds Private Limited

Company Report FY 2025-2026

Explore comprehensive insights into Korada Chit Funds Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Korada Chit Funds Private Limited?

Current Directors

NameDesignationAppointment DateStatus
Vijaya Kumar KoraadaManaging Director19 Mar 1998Current
Gayatri ChagarlaDirector06 Jun 1998Current

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Financial Performance of Korada Chit Funds.

Korada Chit Funds Private Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 17.37% decrease. The company also saw a substantial improvement in profitability, with a 890.52% increase in profit. The company's net worth moved up by a moderate rise of 3.72%.

Korada Chit Funds revenue growth over time
Korada Chit Funds profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-17.37%
Revenue from Operations
-14.78%
Total Assets
6.94%
Profit or Loss
890.52%
Net Worth
3.72%
EBITDA
36.17%

What is the Ownership and Shareholding Structure of Korada Chit Funds?

In 2017, Korada Chit Funds had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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Charges (Loans)

Open Charges

₹300,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Canara Bank : 0.03 Cr

Latest Charge Details

DateLenderAmountStatus
06 Aug 2001Canara Bank₹0.30 MOpen

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How Many Employees Work at Korada Chit Funds?

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Employee growth trends for Korada Chit Funds Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Korada Chit Funds, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Korada Chit Funds's trajectory.

Rating

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Alerts

Alert Indicator

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Latest Updates, News, and FAQs on Korada Chit Funds

Recent Activity within the Organization

  • Annual General Meeting

    Korada Chit Funds Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Progress on Korada Chit Funds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada. was documented.

  • Charges

    Progress on A charge with Canara Bank amounted to Rs. 0.30 M with Charge ID 90126434 was registered on 06 Aug 2001. was documented.

  • Director Appointment

    The activity Gayatri Chagarla was appointed as a Director was appointed as a Director on 06 Jun 1998 & has been associated with this company since 27 years 6 months . was completed.

  • Director Appointment

    Vijaya Kumar Koraada was appointed as a Managing Director was appointed as a Managing Director on 19 Mar 1998 & has been associated with this company since 27 years 9 months . was recorded as a recent event.

  • Company Incorporation

    Progress on Korada Chit Funds Private Limited was registered on 19 Mar 1998 with Roc Vijayawada & aged 27 years 9 months as per MCA records. was documented.

Frequently Asked Questions

  • What is the CIN of Korada Chit Funds Private Limited?

    The CIN of Korada Chit Funds Private Limited is U65992AP1998PTC029073.

  • Where is Korada Chit Funds Private Limited headquartered?

    Korada Chit Funds Private Limited is headquartered at 30-16-1, Seetharampuram,Eluru Road, Eluru Road,, Vijayawada-2, Andhra Pradesh.

  • When was Korada Chit Funds Private Limited incorporated?

    Korada Chit Funds Private Limited was incorporated on 19 March 1998.

  • Who are the current directors of Korada Chit Funds Private Limited?

    The current directors of Korada Chit Funds Private Limited are

  • What is the primary industry of Korada Chit Funds Private Limited?

    The primary industry of Korada Chit Funds Private Limited is Financial And Insurance Service.

  • Is Korada Chit Funds Private Limited a listed company?

    Korada Chit Funds Private Limited is unlisted.

  • What is the capital structure of Korada Chit Funds Private Limited?

    The authorized capital of Korada Chit Funds Private Limited is ₹0.40 M, and the paid-up capital is ₹0.36 M.

  • What is the compliance status of Korada Chit Funds Private Limited?

    The compliance status of Korada Chit Funds Private Limited is Compliant.

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