M E M Chits (India) Private Limited
About M E M Chits (India) Private Limited
Data last updated:
M E M Chits (India) Private Limited was a private limited company based in Tirupur, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the fund management segment of the financial services sector. It was incorporated on 20 November 2013.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2013PTC020015.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.5 Lakh. It was led by directors including Mohanasundaram Palanisamy and Mahendran Murugappan.
Its last annual general meeting (AGM) was held on 26 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Tirupur, Tamil Nadu.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.62 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹8,410 (net margin 5.2%) and EBITDA of ₹19,308 (EBITDA margin 11.9%).
Company details
Contact details
M E M Chits (India) Private Limited's registered office is in Tirupur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3/357 – D Opp. To Higher Secondary School Mangala, M (Po), Tirupur, Tamil Nadu, India – 641663
- IndustryFinancial Services, Fund Management
To see the full contact details of M E M Chits (India) 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 M E M Chits (India) is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of M E M Chits (India) Private Limited, buy the company report.
Financials of M E M Chits (India) Private Limited
FY 2016 filings availableM E M Chits (India) Private Limited reported revenue of ₹1.62 Lakh (up 3133% YoY) for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹1.62 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹19,308 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹8,410 | |
| 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 11.9% | |
| Net Profit Margin | 5.2% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of M E M Chits (India) Private Limited, buy the company report.
Board of directors of M E M Chits (India) Private Limited
M E M Chits (India) has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohanasundaram Palanisamy | Director | 20 Nov 2013 | 12 Years 11 Months | As last reported |
| Mahendran Murugappan | Director | 20 Nov 2013 | 12 Years 11 Months | As last reported |
| Eswaramoorthy Muthusamy | Director | 20 Nov 2013 | 12 Years 11 Months | As last reported |
Auditor
M E M Chits (India) Private Limited is audited by MUTHUKUMAR DANAJEYAN AND ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUTHUKUMAR DANAJEYAN AND ASSOCIATES | FY 2016 | 010455S |
Shareholding
The shareholding of M E M Chits (India) Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of M E M Chits (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving M E M Chits (India) 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 M E M Chits (India) 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 M E M Chits (India) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
M E M Chits (India) Private Limited has 3 board changes on record since 2013: 3 appointments. The latest: Eswaramoorthy Muthusamy was appointed as Director on 20 Nov 2013.
Frequently asked questions
M E M Chits (India) has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
M E M Chits (India) was a private limited company based in Tirupur, Tamil Nadu, India. The company worked in fund management, within the financial services industry. It was incorporated on 20 November 2013 and is registered under CIN U65992TZ2013PTC020015. The company has been struck off by the Registrar of Companies and is no longer operational.
M E M Chits (India) had 3 directors:
- Mohanasundaram Palanisamy - Director
- Mahendran Murugappan - Director
- Eswaramoorthy Muthusamy - Director
The CIN (Corporate Identification Number) of M E M Chits (India) is U65992TZ2013PTC020015. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of M E M Chits (India) is at 3357 – D Opp. To Higher Secondary School Mangala, M Po, Tirupur, Tamil Nadu, India – 641663.
M E M Chits (India) was incorporated on 20 November 2013. It is registered with the Registrar of Companies, Coimbatore.
The latest financial statements of M E M Chits (India) on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 26 September 2016. Year-wise statements from 2015 are in the company report.
M E M Chits (India) operated in the financial services industry, in the fund management segment. It worked in this industry before it was struck off.
Eswaramoorthy Muthusamy was appointed as Director on 20 Nov 2013. Mahendran Murugappan was appointed as Director on 20 Nov 2013. Mohanasundaram Palanisamy was appointed as Director on 20 Nov 2013.
The compliance status of M E M Chits (India) is active non-compliant as of 11 July 2026.
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