About Mahesan Chit Fund Private Limited
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Mahesan Chit Fund Private Limited is a private limited company based in Pudukkottai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 24 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U67190TN2018PTC123831. Its GSTIN is 33AALCM9789J1ZL (Tamil Nadu).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Jaisankar Pradeep (Managing Director) and Arumugam Ramadurai.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Haji Nka Palace 3644 – 1 2 2nd Floor South 4th Street, Pudukkottai, Tamil Nadu, India – 622002.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.16 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹4.11 Lakh (net margin 1.9%) and EBITDA of ₹10.58 Lakh (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 187% over three years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mahesan Chit Fund. Court records list 39 cases involving the company, including 36 filed by the company and 3 filed against it; 30 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahesanchitfund.in.
Company details
Contact details
Mahesan Chit Fund Private Limited's registered office is in Pudukkottai, Tamil Nadu. Its website is mahesanchitfund.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressHaji Nka Palace 3644 – 1 2 2nd Floor South 4th Street, Pudukkottai, Tamil Nadu, India – 622002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Mahesan Chit Fund 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
Brands
Mahesan Chit Fund operates one associated brand: Mahesan Chit Fund. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers chit fund schemes and financial services to rural individuals in Tamil Nadu. | mahesanchitfund.in |
Business activity
The main business activity of Mahesan Chit Fund 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 Mahesan Chit Fund Private Limited, buy the company report.
Financials of Mahesan Chit Fund Private Limited
FY 2024 filings availableMahesan Chit Fund Private Limited reported revenue of ₹2.16 Cr (up 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 187% over three years, including 26% growth in the latest year. EBITDA rose 76% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹10.58 Lakh | ||||
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| Net Profit (PAT) | ₹4.11 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | 1.9% | ||||
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To see the full financial statements and ratios of Mahesan Chit Fund Private Limited, buy the company report.
Board of directors of Mahesan Chit Fund Private Limited
Mahesan Chit Fund has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaisankar Pradeep | Managing Director | 25 Oct 2022 | 4 Years 0 Months | Current |
| Arumugam Ramadurai | Director | 25 Oct 2022 | 4 Years 0 Months | Current |
| Saravanan | Additional Director | 22 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Mahesan Chit Fund Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Pooram Kuries Private Limited | ₹2.18 Cr (FY 2025) | -17.0% | Thrissur, Kerala, India | |||
| Kannattu Finvest Nidhi Limited | ₹2.17 Cr (FY 2024) | 11.0% | Haripad, Kerala, India | |||
| Royalsneham Chitfund Private Limited | ₹2.17 Cr (FY 2025) | 42.0% | Tiruppur, Tamil Nadu, India | |||
| Aisiri Chits Private Limited | ₹2.17 Cr (FY 2025) | 48.0% | Chamrajnagar, Karnataka, India | |||
| Sreeja Chit Fund Private Limited | ₹2.16 Cr (FY 2021) | -21.0% | Telangana, India | |||
| Mahesan Chit Fund Private Limitedthis company | ₹2.16 Cr (FY 2024) | ₹4.11 Lakh | 1.9% | 26.0% | 15 | Pudukkottai, Tamil Nadu, India |
| Srivathsa Chit Fund (I) Private Limited | ₹2.15 Cr (FY 2024) | -1.0% | Karimnagar, Telangana, India | |||
| Deccan Kuries Private Limited | ₹2.11 Cr (FY 2025) | -1.0% | Mala, Kerala, India | |||
| Savithra Chit Fund Private Limited | ₹2.11 Cr (FY 2025) | -13.0% | Nizamabad, Telangana, India |
To see the full peer comparison of Mahesan Chit Fund Private Limited, buy the company report.
Auditor
Mahesan Chit Fund Private Limited is audited by A JOHN MORIS & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A JOHN MORIS & CO | FY 2023 | 007220S |
Shareholding
The shareholding of Mahesan Chit Fund Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahesan Chit Fund Private Limited, buy the company report.
Legal cases
Mahesan Chit Fund Private Limited has 39 court cases on record: 36 filed by Mahesan Chit Fund, 3 filed against it. 30 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 3 | 30 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pudukkottai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Pudukkottai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Pudukkottai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Pudukkottai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Pudukkottai, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Mahesan Chit Fund Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahesan Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mahesan Chit Fund Private Limited has a workforce of 15 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Mahesan Chit Fund has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCM9789J1ZL | Tamil Nadu | Active | 27 Mar 2019 |
To see the full GST registrations and return filing status of Mahesan Chit Fund Private Limited, buy the company report.
Recent activity
Mahesan Chit Fund Private Limited has 8 board changes on record since 2019: 3 appointments and 5 cessations. The latest: Saravanan was appointed as Additional Director on 22 Apr 2025.
Frequently asked questions
Mahesan Chit Fund is an active private limited company based in Pudukkottai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 24 July 2018 (8+ years old) and is registered under CIN U67190TN2018PTC123831.
Mahesan Chit Fund has 3 current directors:
- Jaisankar Pradeep - Managing Director
- Arumugam Ramadurai - Director
- Saravanan - Additional Director
The latest financial statements of Mahesan Chit Fund on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Mahesan Chit Fund is 33AALCM9789J1ZL, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mahesan Chit Fund is U67190TN2018PTC123831. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahesan Chit Fund has 39 court cases on record: 36 filed by the company and 3 filed against it. 30 are pending.
Mahesan Chit Fund was incorporated on 24 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Mahesan Chit Fund by revenue are Pooram Kuries Private Limited, Kannattu Finvest Nidhi Limited, Royalsneham Chitfund Private Limited, Aisiri Chits Private Limited, Sreeja Chit Fund Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Saravanan was appointed as Additional Director on 22 Apr 2025. Jaisankar Pradeep ceased to be Director on 09 Nov 2022. Munavar Ali Jaffarali ceased to be Director on 09 Nov 2022. Mahesan Chit Fund has 8 board changes on record in total.
Mahesan Chit Fund can be reached through the website mahesanchitfund.in. Its registered office is in Pudukkottai, Tamil Nadu, India.
The registered office of Mahesan Chit Fund is at Haji Nka Palace 3644 – 1 2 2nd Floor South 4th Street, Pudukkottai, Tamil Nadu, India – 622002.
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