Kovika Chit Fund Private Limited
About Kovika Chit Fund Private Limited
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Kovika Chit Fund Private Limited is a private limited company based in Nellore, Andhra Pradesh, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 12 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65999AP2018PTC107472.
The company has an authorised share capital of ₹34 Lakh and a paid-up capital of ₹34 Lakh. It is led by directors Sarvepalli Rao Koteswara and Addanki Mahalakshmi.
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 D.No.27 – 1 – 1150 Beside House B M Show Room Balaji Nagar, Nellore, Andhra Pradesh, India – 524002.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.98 Lakh, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹1.62 Lakh (net margin 6%) and EBITDA of ₹4.04 Lakh (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 39% over five years.
Company details
Contact details
Kovika Chit Fund Private Limited's registered office is in Nellore, Andhra Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressD.No.27 – 1 – 1150 Beside House B M Show Room Balaji Nagar, Nellore, Andhra Pradesh, India – 524002
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Kovika Chit Fund Private 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 Kovika Chit Fund 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 Kovika Chit Fund Private Limited, buy the company report.
Financials of Kovika Chit Fund Private Limited
FY 2025 filings availableKovika Chit Fund Private Limited reported revenue of ₹26.98 Lakh (up 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 25% growth in the latest year. EBITDA rose 13% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.04 Lakh | ||||
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| Net Profit (PAT) | ₹1.62 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 15% | ||||
| Net Profit Margin | 6% | ||||
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To see the full financial statements and ratios of Kovika Chit Fund Private Limited, buy the company report.
Board of directors of Kovika Chit Fund Private Limited
Kovika Chit Fund has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarvepalli Rao Koteswara Also directs: Punnami Smart Business Services LLP | Director | 12 Jan 2018 | 8 Years 9 Months | Current |
| Addanki Mahalakshmi Also directs: Punnami Smart Business Services LLP | Director | 17 Nov 2018 | 7 Years 11 Months | Current |
Peer comparison
Kovika Chit Fund Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Ganga Projects Private Limited | ₹27 Lakh (FY 2025) | 38.0% | New Delhi, Delhi, India | |||
| Puneet Trading and Investment Company Private Limited | ₹26.99 Lakh (FY 2017) | -83.0% | Chennai, Tamil Nadu, India | |||
| Gramanidhi Kuries and Loans Private Limited | ₹26.99 Lakh (FY 2025) | -25.0% | Thrissur, Kerala, India | |||
| Mahok Chit Funds Private Limited | ₹26.99 Lakh (FY 2019) | 48.0% | Kurnool, Andhra Pradesh, India | |||
| SSS Asset and Risk Management Consultancy Services Private Limited | ₹26.99 Lakh (FY 2025) | 114.0% | Delhi, India | |||
| Kovika Chit Fund Private Limitedthis company | ₹26.98 Lakh (FY 2024) | ₹1.62 Lakh | 6% | 25.0% | Nellore, Andhra Pradesh, India | |
| Shvetank Finserve Private Limited | ₹26.97 Lakh (FY 2017) | Mumbai, Maharashtra, India | ||||
| Sakhi Samudaya Kosh | ₹26.97 Lakh (FY 2021) | -54.0% | Solapur, Maharashtra, India | |||
| Kansid Tradelinks Private Limited | ₹26.96 Lakh (FY 2025) | -70.0% | Lucknow, Uttar Pradesh, India | |||
| Parambil Mutual Benefit Nidhi Limited | ₹26.95 Lakh (FY 2023) | -7.0% | Parambil Bazar, Parambil Po, Kozhikode, Kerala, India | |||
| Ritesh Vinimay Private Limited | ₹26.93 Lakh (FY 2023) | 13.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Kovika Chit Fund Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Kovika Chit Fund 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 Kovika Chit Fund 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 Kovika Chit Fund Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Kovika Chit Fund Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Addanki Mahalakshmi was appointed as Director on 17 Nov 2018.
Frequently asked questions
Kovika Chit Fund is an active private limited company based in Nellore, Andhra Pradesh, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 12 January 2018 (8+ years old) and is registered under CIN U65999AP2018PTC107472.
Kovika Chit Fund has 2 current directors:
- Sarvepalli Rao Koteswara - Director
- Addanki Mahalakshmi - Director
The latest financial statements of Kovika Chit Fund 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 2018 are in the company report.
The CIN (Corporate Identification Number) of Kovika Chit Fund is U65999AP2018PTC107472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kovika Chit Fund was incorporated on 12 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Kovika Chit Fund by revenue are Ganga Projects Private Limited, Puneet Trading and Investment Company Private Limited, Gramanidhi Kuries and Loans Private Limited, Mahok Chit Funds Private Limited, SSS Asset and Risk Management Consultancy Services Private Limited and 5 more, all in the same principal business activity (other financial activities).
Addanki Mahalakshmi was appointed as Director on 17 Nov 2018. Sarvepalli Karthik ceased to be Director on 17 Nov 2018. Sarvepalli Rao Koteswara was appointed as Director on 12 Jan 2018.
The registered office of Kovika Chit Fund is at D.No.27 – 1 – 1150 Beside House B M Show Room Balaji Nagar, Nellore, Andhra Pradesh, India – 524002.
Kovika Chit Fund operates in the financial services industry, in the other financial intermediation segment.
Kovika Chit Fund can be reached at its registered office: D.No.27 – 1 – 1150 Beside House B M Show Room Balaji Nagar, Nellore, Andhra Pradesh, India – 524002.
Kovika Chit Fund is registered under the jurisdiction of the Registrar of Companies (ROC), Vijayawada.