M Veeranan Chit Funds Private Limited
About M Veeranan Chit Funds Private Limited
Data last updated:
M Veeranan Chit Funds Private Limited is a private limited company based in Dindigul, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 05 July 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1994PTC005192.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.05 Lakh. It is led by directors Veeranan Tamilselvan and Tamilselvan Thamilselvi.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Dindigul, Tamil Nadu.
As per the financials filed for FY 2020, the company reported a revenue of ₹8.2 Lakh, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹13,364 (net margin 1.6%) and EBITDA of ₹4.49 Lakh (EBITDA margin 54.8%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
M Veeranan Chit Funds Private Limited's registered office is in Dindigul, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address12/7/34 Sangathukeni Streetmettupatti Chinnalapa, Tti, Dindigul, Tamil Nadu, India – 624301
- IndustryFinancial Services, Financial Activities
To see the full contact details of M Veeranan Chit Funds 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 Veeranan Chit Funds 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 M Veeranan Chit Funds Private Limited, buy the company report.
Financials of M Veeranan Chit Funds Private Limited
FY 2020 filings availableM Veeranan Chit Funds Private Limited reported revenue of ₹8.2 Lakh (down 12% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 12% fall in the latest year. EBITDA fell 7% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹4.49 Lakh | ||||
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| Net Profit (PAT) | ₹13,364 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | 54.8% | ||||
| Net Profit Margin | 1.6% | ||||
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To see the full financial statements and ratios of M Veeranan Chit Funds Private Limited, buy the company report.
Board of directors of M Veeranan Chit Funds Private Limited
M Veeranan Chit Funds has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veeranan Tamilselvan Also directs: Amara Elite Decors Private Limited | Director | 05 Jul 1994 | 32 Years 3 Months | Current |
| Tamilselvan Thamilselvi | Director | 05 Jul 1994 | 32 Years 3 Months | Current |
Peer comparison
M Veeranan Chit Funds Private Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Chit Funds), with 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 |
|---|---|---|---|---|---|---|
| BLSM Chit Funds Private Limited | ₹8.27 Lakh (FY 2024) | 1406.0% | Tirupur, Tamil Nadu, India | |||
| Sri Nalani Chit Funds Private Limited | ₹8.25 Lakh (FY 2023) | -6.0% | Hyderabad, Telangana, India | |||
| Vijayaganapathi Kartikeya Chit Funds Private Limited | ₹8.25 Lakh (FY 2021) | -48.0% | Sathupalli, Telangana, India | |||
| Sapthapadi Chit Funds Private Limited | ₹8.23 Lakh (FY 2025) | 13.0% | Warangal, Telangana, India | |||
| Kudanthai Lakshmi Narayana Chit Funds Private Limited | ₹8.21 Lakh (FY 2016) | 10.0% | Kumbakonam, Tamil Nadu, India | |||
| M Veeranan Chit Funds Private Limitedthis company | ₹8.2 Lakh (FY 2020) | ₹13,364 | 1.6% | -12.0% | Dindigul, Tamil Nadu, India | |
| Aundipatti Sri Balaji Chit Funds Private Limited | ₹8.19 Lakh (FY 2024) | -1.0% | Aundipatti, Tamil Nadu, India | |||
| Mahitha Mancherial Chit Funds Private Limited | ₹8.17 Lakh (FY 2025) | -44.0% | Mancherial, Telangana, India | |||
| Avk Nagarathar Chit Funds Private Limited | ₹8.16 Lakh (FY 2025) | -10.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Skywin Chit Funds Private Limited | ₹8.11 Lakh (FY 2025) | -6.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of M Veeranan Chit Funds Private Limited, buy the company report.
Auditor
M Veeranan Chit Funds Private Limited is audited by ANANTHAKRISHNAN & VEERAPPAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANANTHAKRISHNAN & VEERAPPAN | FY 2017 | 022789 |
Shareholding
The shareholding of M Veeranan Chit Funds Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of M Veeranan Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving M Veeranan Chit Funds 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 Veeranan Chit Funds 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 Veeranan Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
M Veeranan Chit Funds Private Limited has 4 board changes on record since 1994: 2 appointments and 2 cessations. The latest: Bhuvanendran Kanchana ceased to be Director on 22 Jun 2018.
Frequently asked questions
M Veeranan Chit Funds is an active private limited company based in Dindigul, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 05 July 1994 (32+ years old) and is registered under CIN U65992TZ1994PTC005192.
M Veeranan Chit Funds has 2 current directors:
- Veeranan Tamilselvan - Director
- Tamilselvan Thamilselvi - Director
The latest financial statements of M Veeranan Chit Funds on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of M Veeranan Chit Funds is U65992TZ1994PTC005192. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M Veeranan Chit Funds was incorporated on 05 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of M Veeranan Chit Funds by revenue are BLSM Chit Funds Private Limited, Sri Nalani Chit Funds Private Limited, Vijayaganapathi Kartikeya Chit Funds Private Limited, Sapthapadi Chit Funds Private Limited, Kudanthai Lakshmi Narayana Chit Funds Private Limited and 4 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Bhuvanendran Kanchana ceased to be Director on 22 Jun 2018. Vijayaraghavan ceased to be Director on 22 Jun 2018. Tamilselvan Thamilselvi was appointed as Director on 05 Jul 1994. M Veeranan Chit Funds has 4 board changes on record in total.
The registered office of M Veeranan Chit Funds is at 12734 Sangathukeni Streetmettupatti Chinnalapa, Tti, Dindigul, Tamil Nadu, India – 624301.
M Veeranan Chit Funds operates in the financial services industry, in the financial activities segment.
The compliance status of M Veeranan Chit Funds is compliant as of 26 August 2026. The company is actively filing with the Registrar of Companies.
M Veeranan Chit Funds can be reached at its registered office: 12734 Sangathukeni Streetmettupatti Chinnalapa, Tti, Dindigul, Tamil Nadu, India – 624301.
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