Magil Chits Private Limited
About Magil Chits Private Limited
Data last updated:
Magil Chits Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It was incorporated on 31 March 2023.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U64990TZ2023PTC028029.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Mahalaxmi and Mariyanayagam Subbu.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Coimbatore, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.56 Lakh, a growth of 62% compared to the previous year. For the same year it recorded a net profit of ₹40,000 (net margin 4.7%) and EBITDA of ₹86,000 (EBITDA margin 10%).
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- Registered AddressS.F. No. 461 Sakthi Road, R. K. Puram Distn Ganapathy, Coimbatore, Tamil Nadu, India – 641006
- 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
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Business Activity of Magil Chits Private Limited
The main business activity of Magil Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Magil Chits Private Limited FY 2025 filings available
Magil Chits Private Limited reported revenue of ₹8.56 Lakh (up 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Magil Chits Private Limited
Revenue rose 62% in the latest year. EBITDA rose 578% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Magil Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹86,000 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹40,000 | •••• | •••• |
| 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 Magil Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 10% | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• |
| 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 Magil Chits are in the company report.
Financial statements from FY 2023
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 Magil Chits Private Limited
Magil Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahalaxmi | Director | 31 Mar 2023 | 3 Years 6 Months | Current |
| Mariyanayagam Subbu | Director | 31 Mar 2023 | 3 Years 6 Months | Current |
Peer Comparison of Magil Chits Private Limited
Magil Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arthad Consultants Private Limited | ₹8.62 Lakh (FY 2025) | •••• | •••• | -44.0% | •••• | Pune, Maharashtra, India |
| Chaitra Finance and Leasing Limited | ₹8.6 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Thiruvengadam Krishnnas Chit Private Limited | ₹8.58 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Thiruvengadam, Tamil Nadu, India |
| Khetan Commerce Private Limited | ₹8.57 Lakh (FY 2025) | •••• | •••• | 90.0% | •••• | Kolkata, West Bengal, India |
| Adyar Sree Money Exchange Private Limited | ₹8.57 Lakh (FY 2025) | •••• | •••• | 246.0% | •••• | Chennai, Tamil Nadu, India |
| Magil Chits Private Limited this company | ₹8.56 Lakh (FY 2025) | •••• | •••• | 62.0% | •••• | Coimbatore, Tamil Nadu, India |
| Muthoot Trustee Private Limited | ₹8.55 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Earth Investcap Private Limited | ₹8.55 Lakh (FY 2024) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Veerbajrangi Trading Private Limited | ₹8.55 Lakh (FY 2025) | •••• | •••• | •••• | Jalpaiguri, West Bengal, India | |
| Runza Capital Consultant Private Limited | ₹8.55 Lakh (FY 2025) | •••• | •••• | 182.0% | •••• | Meerut, Uttar Pradesh, India |
| Ip Instantpayment Technology Private Limited | ₹8.55 Lakh (FY 2024) | •••• | •••• | •••• | Bahadurgarh, Haryana, India |
Peers are the five companies nearest above and the five nearest below Magil Chits by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Magil Chits Private Limited
Magil Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Magil Chits Private Limited
Employment history and EPFO contributions of people linked to Magil Chits.
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 Magil Chits Private Limited
Magil Chits Private Limited has 2 board changes on record since 2023: 2 appointments. The latest: Mahalaxmi was appointed as Director on 31 Mar 2023.
Credit Ratings, Litigation & Regulatory Alerts for Magil Chits Private Limited
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 Magil Chits Private Limited
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 Magil Chits Private Limited
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 Magil Chits Private Limited
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 Magil Chits Private Limited
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 Magil Chits Private Limited
Magil Chits is an active private limited company based in Coimbatore, Tamil Nadu, India. It was incorporated on 31 March 2023 (3+ years old) and is registered under CIN U64990TZ2023PTC028029.
Magil Chits reported revenue of ₹8.56 Lakh for FY 2025 (up 62% YoY).
Magil Chits has 2 current directors:
- Mahalaxmi - Director
- Mariyanayagam Subbu - Director
Magil Chits reported a net profit of ₹40,000 (net margin 4.7%) and EBITDA of ₹86,000 (EBITDA margin 10%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Magil Chits is U64990TZ2023PTC028029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magil Chits was incorporated on 31 March 2023, making it 3+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Magil Chits by revenue are Arthad Consultants Private Limited, Chaitra Finance and Leasing Limited, Thiruvengadam Krishnnas Chit Private Limited, Khetan Commerce Private Limited, Adyar Sree Money Exchange Private Limited and 5 more, all in the same principal business activity (Activities auxiliary to financial service and insurance activities).
Mahalaxmi was appointed as Director on 31 Mar 2023. Mariyanayagam Subbu was appointed as Director on 31 Mar 2023.
The registered office of Magil Chits is at S.F. No. 461 Sakthi Road, R. K. Puram Distn Ganapathy, Coimbatore, Tamil Nadu, India – 641006.
Magil Chits has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh.
No. Magil Chits is not listed on any stock exchange. It is an unlisted company.