Kurnool Chit Funds Pvt Ltd - Company Profile

It is a financial services private limited company based in Kurnool, Andhra Pradesh, India, established in 1979.
1979 Kurnool, Andhra Pradesh, India Active
Last Updated:
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About Kurnool Chit Funds Pvt Ltd

Kurnool Chit Funds Pvt Ltd, a active private limited company, was established on 16 July 1979 in Kurnool, Andhra Pradesh, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U65992AP1979PTC002488. Registered under ROC Roc Vijayawada. it is unlisted. It has an authorized capital of ₹2.50 M and a paid-up capital of ₹2.48 M.

It upholds a compliant status. Employing 4 professional, Its leadership includes Somisetty Deepa (Director), Somisetty Sasikala (Director), Venkata Somisetty Prasad (Director). Past directors included Somisetty Prakasam. It holds ₹5.87 Cr open charges and ₹6.72 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at No 10C,2 Nd Floor,T.J.Shopping Mall Opp: Sbi Main Branch, Kurnool, Andhra Pradesh, 518004.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U65992AP1979PTC002488

  • Registration Number

    002488

  • Incorporation Date

    16 July 1979

  • Authorized Capital

    ₹2.50 M

  • Paid-Up Capital

    ₹2.48 M

  • ROC Code

    Roc Vijayawada

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 2.48 M
  • Company Age 46 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.87 Cr
  • Satisfied Charges ₹ 6.72 Cr
  • Revenue Growth **** 7.69%
  • Profit Growth **** 28.08%
  • Ebitda **** 149.35%
  • Net Worth 3.91%
  • Total Assets -3.41%
Company report

Kurnool Chit Funds Pvt Ltd

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Kurnool Chit Funds Pvt Ltd — 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 Kurnool Chit Funds Pvt Ltd?
Current Directors
Name Designation Appointment Date Status
Somisetty Deepa Director 10 Jul 2011 Current
Somisetty Sasikala Director 12 Jul 2009 Current
Venkata Somisetty Prasad Director 12 Jul 2009 Current
Somisetty Bhargavi Prasad Director 10 Jul 2011 Current
Somisetty Venkataramaiah Managing Director 16 Jul 1979 Current
Suresh Babu Somisetty Director 12 Jul 2009 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 12 Jul 2009 Past

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Financial Performance of Kurnool Chit Funds.

Kurnool Chit Funds Pvt Ltd, for the financial year ended 2022, experienced modest growth in revenue, with a 7.69% increase. The company also saw a substantial improvement in profitability, with a 28.08% increase in profit. The company's net worth moved up by a moderate rise of 3.91%.

Kurnool Chit Funds revenue growth over time
Kurnool Chit Funds profit and loss trends over time
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
  • 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
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 7.69%
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Revenue from Operations
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 15.07%
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Total Assets
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 -3.41%
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Profit or Loss
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 28.08%
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Net Worth
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 3.91%
*******
*******
*******
*******
EBITDA
*******
 149.35%
*******
*******
*******
*******

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

In 2021, Kurnool Chit Funds had a public holding of 3.93%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • 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

₹58,650,000.00

Satisfied Charges

₹67,192,000.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 5.75 Cr
  • Others : 0.12 Cr
Latest Charge Details
Date Lender Amount Status
30 Jun 2025 State Bank Of India ₹7.50 M Open
17 Jan 2024 State Bank Of India ₹5.00 Cr Open
21 Feb 2022 Others ₹1.15 M Open
18 Mar 2022 Others ₹4.72 Cr Satisfied
22 Jun 2012 Indusind Bank Limited ₹2.00 Cr Satisfied

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How Many Employees Work at Kurnool Chit Funds?

Kurnool Chit Funds has a workforce of 4 employees as of Mar 28, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Kurnool 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 Kurnool Chit Funds's trajectory.

Rating
Graph displaying rating trends over time

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
Alert Indicator

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 Kurnool Chit Funds
Recent Activity within the Organization
  • Charges

    A charge with State Bank Of India amounted to Rs. 7.50 M with Charge ID 101125830 was registered on 30 Jun 2025. was recorded as a recent event.

  • Charges

    A charge with State Bank Of India of Rs. 50.00 M registered on 17 Jan 2024 with Charge ID 100863718 was modified on 17 Feb 2025. was recorded as a recent event.

  • Annual General Meeting

    Progress on Kurnool Chit Funds Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Balance Sheet

    Kurnool Chit Funds Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada. was recorded as a recent event.

  • Charges

    A charge with State Bank Of India amounted to Rs. 50.00 M with Charge ID 100863718 was registered on 17 Jan 2024. was recorded as a recent event.

  • Charges

    A charge registered on 18 Mar 2022 via Charge ID 100573124 with Others was fully satisfied on 27 Dec 2023. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Kurnool Chit Funds Pvt Ltd?

The CIN of Kurnool Chit Funds Pvt Ltd is U65992AP1979PTC002488.

Where is Kurnool Chit Funds Pvt Ltd headquartered?

Kurnool Chit Funds Pvt Ltd is headquartered at No 10C,2 Nd Floor,T.J.Shopping Mall Opp: Sbi Main Branch, Kurnool, Andhra Pradesh, 518004.

When was Kurnool Chit Funds Pvt Ltd incorporated?

Kurnool Chit Funds Pvt Ltd was incorporated on 16 July 1979.

Who are the current directors of Kurnool Chit Funds Pvt Ltd?

The current directors of Kurnool Chit Funds Pvt Ltd are

What is the primary industry of Kurnool Chit Funds Pvt Ltd?

The primary industry of Kurnool Chit Funds Pvt Ltd is Financial And Insurance Service.

Is Kurnool Chit Funds Pvt Ltd a listed company?

Kurnool Chit Funds Pvt Ltd is unlisted.

What is the capital structure of Kurnool Chit Funds Pvt Ltd?

The authorized capital of Kurnool Chit Funds Pvt Ltd is ₹2.50 M, and the paid-up capital is ₹2.48 M.

What is the compliance status of Kurnool Chit Funds Pvt Ltd?

The compliance status of Kurnool Chit Funds Pvt Ltd is Compliant.

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