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: February 04, 2026

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 Metrics

Authorised Capital ₹ 0.40 M as on 04-02-2026
Paid Up Capital ₹ 0.36 M as on 04-02-2026
Company Age 27 Year, 10 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 0.30 M as on 04-02-2026
Revenue Growth **** -17.37% (FY 2017)
Profit Growth **** 890.52% (FY 2017)
Ebitda **** 36.17% (FY 2017)
Net Worth 3.72% (FY 2017)
Total Assets **** 6.94% (FY 2017)

Comprehensive Company Insights

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

Name	Designation	Appointment Date	Status
Vijaya Kumar Koraada	Managing Director	19 Mar 1998	Current
Gayatri Chagarla	Director	06 Jun 1998	Current

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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%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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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%

*******

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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.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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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

Date	Lender	Amount	Status
06 Aug 2001	Canara Bank	₹0.30 M	Open

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How Many Employees Work at Korada Chit Funds?

Unlock and access historical data on people associated with Korada Chit Funds, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Korada Chit Funds

Recent Activity within the Organization

Annual General Meeting

Progress on Korada Chit Funds Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records. was documented.
27 Sep 2024
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.
31 Mar 2024
Charges

The activity A charge with Canara Bank amounted to Rs. 0.30 M with Charge ID 90126434 was registered on 06 Aug 2001. was completed.
06 Aug 2001
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 8 months . was completed.
06 Jun 1998
Director Appointment

The activity 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 10 months . was completed.
19 Mar 1998
Company Incorporation

Progress on Korada Chit Funds Private Limited was registered on 19 Mar 1998 with Roc Vijayawada & aged 27 years 10 months as per MCA records. was documented.
19 Mar 1998

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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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