Lares Chit Fund Private Limited - Company Profile

It is a financial services private limited company based in Htderabad, Telangana, India, established in 2008.
2008 Htderabad, Telangana, India Struck Off
Last Updated:
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About Lares Chit Fund Private Limited

Lares Chit Fund Private Limited, a struck off private limited company, was established on 24 September 2008 in Htderabad, Telangana, India. Engaging in other financial intermediation within the financial services sector, it holds CIN: U65992TG2008PTC061179. Registered under ROC Roc Hyderabad. it is unlisted. It has an authorized capital of ₹0.10 M and a paid-up capital of ₹0.10 M.

Its leadership includes Muvva Kondala Rao (Additional Director), Korapati Devendra (Additional Director). Past directors included Namburu Narasimha Rao, Vasundhara Mani Namburu. Its latest AGM occurred on 25 September 2010, with the balance sheet filed on 31 March 2010. It is based at Flat No: 302, Plot No. 156, 157 Madhavi Enclave, Mothinagar., Htderabad, Telangana, 500018.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U65992TG2008PTC061179

  • Registration Number

    061179

  • Incorporation Date

    24 September 2008

  • Authorized Capital

    ₹0.10 M

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Hyderabad

  • Listing Status

    Unlisted

  • Company Status

    Struck Off

Key Metrics
  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 17 Year, 6 Months
  • Last Filing with ROC 31 Mar 2010
Company report

Lares Chit Fund Private Limited

Company Report FY 2025-2026

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Who are the key members and board of directors at Lares Chit Fund Private Limited?
Current Directors
Name Designation Appointment Date Status
Muvva Kondala Rao Additional Director 07 Jul 2014 Current
Korapati Devendra Additional Director 07 Jul 2014 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 12 Jul 2014 Past
Pramod Abcsdd Director 12 Jul 2014 Past

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Financial Performance of Lares Chit Fund.

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Lares Chit Fund revenue growth over time
Lares Chit Fund 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
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What is the Ownership and Shareholding Structure of Lares Chit Fund?

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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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How Many Employees Work at Lares Chit Fund?

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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

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Rating
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Alerts
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Latest Updates, News, and FAQs on Lares Chit Fund
Recent Activity within the Organization
  • Director Appointment

    The activity Muvva Kondala Rao was appointed as a Additional Director was appointed as a Additional Director on 07 Jul 2014 & has been associated with this company since 11 years 8 months . was completed.

  • Director Appointment

    Korapati Devendra was appointed as a Additional Director was appointed as a Additional Director on 07 Jul 2014 & has been associated with this company since 11 years 8 months . was recorded as a recent event.

  • Annual General Meeting

    Progress on Lares Chit Fund Private Limited last Annual general meeting of members was held on 25 Sep 2010 as per latest MCA records. was documented.

  • Balance Sheet

    Lares Chit Fund Private Limited has filed its annual Financial statements for the year ended 31 Mar 2010 with Roc Hyderabad. was recorded as a recent event.

  • Company Incorporation

    Lares Chit Fund Private Limited was registered on 24 Sep 2008 with Roc Hyderabad & aged 17 years 6 months as per MCA records. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Lares Chit Fund Private Limited?

The CIN of Lares Chit Fund Private Limited is U65992TG2008PTC061179.

Where is Lares Chit Fund Private Limited headquartered?

Lares Chit Fund Private Limited is headquartered at Flat No: 302, Plot No. 156, 157 Madhavi Enclave, Mothinagar., Htderabad, Telangana, 500018.

When was Lares Chit Fund Private Limited incorporated?

Lares Chit Fund Private Limited was incorporated on 24 September 2008.

Who are the current directors of Lares Chit Fund Private Limited?

The current directors of Lares Chit Fund Private Limited are

What is the primary industry of Lares Chit Fund Private Limited?

The primary industry of Lares Chit Fund Private Limited is Financial Services.

Is Lares Chit Fund Private Limited a listed company?

Lares Chit Fund Private Limited is unlisted.

What is the capital structure of Lares Chit Fund Private Limited?

The authorized capital of Lares Chit Fund Private Limited is ₹0.10 M, and the paid-up capital is ₹0.10 M.

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