Kurnool Chit Funds Pvt Ltd
About Kurnool Chit Funds Pvt Ltd
Data last updated:
Kurnool Chit Funds Pvt Ltd is a private limited company based in Kurnool, Andhra Pradesh, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 16 July 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP1979PTC002488.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹24.8 Lakh. It is led by directors including Somisetty Venkataramaiah (Managing Director) and Somisetty Deepa.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No 10C 2nd Floor T.J.Shopping Mall Opp: Sbi Main Branch, Kurnool, Andhra Pradesh, India – 518004.
As per the financials filed for FY 2022, the company reported a revenue of ₹44.17 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹2.78 Lakh (net margin 6.3%) and EBITDA of ₹2.61 Lakh (EBITDA margin 5.9%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.87 Cr and satisfied charges of ₹6.72 Cr on record. Court records list 26 cases involving the company, including 23 filed by the company and 3 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo 10C 2nd Floor T.J.Shopping Mall Opp: Sbi Main Branch, Kurnool, Andhra Pradesh, India – 518004
- IndustryFinancial Services, NBFC, Microfinance Institutions
- 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 Kurnool Chit Funds Pvt Ltd FY 2024 filings available
Kurnool Chit Funds Pvt Ltd reported revenue of ₹44.17 Lakh (up 8% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Kurnool Chit Funds Pvt Ltd
Revenue rose 8% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 7%. 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 of Kurnool Chit Funds Pvt Ltd
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹44.17 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.78 Lakh | •••• | •••• | •••• | •••• |
| 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 Kurnool Chit Funds Pvt Ltd
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.3% | •••• | •••• | •••• | •••• |
| 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 Kurnool 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 Kurnool Chit Funds Pvt Ltd
Kurnool Chit Funds has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Somisetty Deepa | Director | 10 Jul 2011 | 15 Years 3 Months | Current |
| Somisetty Sasikala Also directs: Kurnool Builders and Housing Finance Pvt.Ltd. | Director | 12 Jul 2009 | 17 Years 3 Months | Current |
| Venkata Somisetty Prasad Also directs: Kurnool Builders and Housing Finance Pvt.Ltd. | Director | 12 Jul 2009 | 17 Years 3 Months | Current |
| Somisetty Bhargavi Prasad | Director | 10 Jul 2011 | 15 Years 3 Months | Current |
| Somisetty Venkataramaiah Also directs: Kurnool Builders and Housing Finance Pvt.Ltd. | Managing Director | 16 Jul 1979 | 47 Years 3 Months | Current |
| Suresh Babu Somisetty | Director | 12 Jul 2009 | 17 Years 3 Months | Current |
Auditor Details of Kurnool Chit Funds Pvt Ltd
Kurnool Chit Funds Pvt Ltd is audited by N. V. SURESH & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N. V. SURESH & ASSOCIATES | 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 Kurnool Chit Funds Pvt Ltd
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 Kurnool Chit Funds Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2025 | State Bank of India | ₹75 Lakh | Open |
| 17 Jan 2024 | State Bank of India | ₹5 Cr | Open |
| 21 Feb 2022 | Others | ₹11.5 Lakh | Open |
| 18 Mar 2022 | Others | ₹4.72 Cr | Satisfied |
| 22 Jun 2012 | Indusind Bank Limited | ₹2 Cr | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Kurnool Chit Funds Pvt Ltd
Kurnool Chit Funds Pvt Ltd has 26 court cases on record: 23 filed by Kurnool Chit Funds, 3 filed against it. 7 cases are pending and 19 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 0 | 7 |
| High courts | 8 | 3 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Court case (AS) | Filed against the company by Central Bank of India Limited | Disposed |
| High Court of Andhra Pradesh | Court case (AS) | Filed against the company by Central Bank of India Limited | Disposed |
| District court, Kurnool, Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Kurnool, Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Kurnool, Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Pending |
Full case history
All 26 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 Kurnool Chit Funds Pvt Ltd
Kurnool Chit Funds Pvt Ltd has a workforce of 4 employees as of Mar 28, 2024.
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 Kurnool Chit Funds Pvt Ltd
Kurnool Chit Funds Pvt Ltd has 7 board changes on record since 1979: 6 appointments and 1 cessation. The latest: Somisetty Bhargavi Prasad was appointed as Director on 10 Jul 2011.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Kurnool Chit Funds Pvt Ltd
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 Kurnool Chit Funds Pvt Ltd
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 Kurnool Chit Funds Pvt Ltd
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 Kurnool Chit Funds Pvt Ltd
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 Kurnool Chit Funds Pvt Ltd
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 Kurnool Chit Funds Pvt Ltd
Kurnool Chit Funds is an active private limited company based in Kurnool, Andhra Pradesh, India. The company works in nbfc, within the financial services industry. It was incorporated on 16 July 1979 (47+ years old) and is registered under CIN U65992AP1979PTC002488.
Kurnool Chit Funds reported revenue of ₹44.17 Lakh for FY 2022 (up 8% YoY).
Kurnool Chit Funds has 6 current directors:
- Somisetty Venkataramaiah - Managing Director
- Somisetty Deepa - Director
- Somisetty Sasikala - Director
- Venkata Somisetty Prasad - Director
- Somisetty Bhargavi Prasad - Director
- Suresh Babu Somisetty - Director
Kurnool Chit Funds reported a net profit of ₹2.78 Lakh (net margin 6.3%) and EBITDA of ₹2.61 Lakh (EBITDA margin 5.9%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kurnool Chit Funds is -7% over three years. In the latest year (FY 2022) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Kurnool Chit Funds is U65992AP1979PTC002488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kurnool Chit Funds has 26 court cases on record: 23 filed by the company and 3 filed against it. 7 are pending. Most are in the district courts.
Kurnool Chit Funds was incorporated on 16 July 1979, making it 47+ years old. It is registered with the Registrar of Companies, Vijayawada.
Somisetty Bhargavi Prasad was appointed as Director on 10 Jul 2011. Somisetty Deepa was appointed as Director on 10 Jul 2011. Somisetty Prakasam ceased to be Director on 12 Jul 2009. Kurnool Chit Funds has 7 board changes on record in total.
The registered office of Kurnool Chit Funds is at No 10C 2nd Floor T.J.Shopping Mall Opp: Sbi Main Branch, Kurnool, Andhra Pradesh, India – 518004.