Maveli Chits Private Limited
About Maveli Chits Private Limited
Data last updated:
Maveli Chits Private Limited was a private limited company based in Ulhasnagar, Maharashtra, 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 financial services and investment segment of the financial services sector. It was incorporated on 31 October 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2008PTC187861.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹21 Lakh. It was led by directors including Koshy Varghese and Kormath Damodaran Nair.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Shop No 1 Ground Floor Suman Palace Station Road Ulhasnagar, Maharashtra, India – 421004.
As per the financials filed for FY 2017, the company reported a revenue of ₹26.04 Lakh, a growth of 60% compared to the previous year. For the same year it recorded a net loss of ₹12.81 Lakh (net margin -49.2%) and EBITDA of ₹2.64 Lakh (EBITDA margin 10.1%).
Court records list 42 cases involving the company, including 41 filed by the company and 1 filed against it.
Company details
Contact details
Maveli Chits Private Limited's registered office is in Ulhasnagar, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No 1 Ground Floor Suman Palace Station Road Ulhasnagar, Maharashtra, India – 421004
- IndustryFinancial Services, Financial Activities
To see the full contact details of Maveli Chits 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 Maveli Chits 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 Maveli Chits Private Limited, buy the company report.
Financials of Maveli Chits Private Limited
FY 2017 filings availableMaveli Chits Private Limited reported revenue of ₹26.04 Lakh (up 60% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 60% in the latest year. EBITDA rose 129% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹26.04 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹2.64 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹12.81 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 10.1% | ||
| Net Profit Margin | -49.2% | ||
| 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 | |||
To see the full financial statements and ratios of Maveli Chits Private Limited, buy the company report.
Board of directors of Maveli Chits Private Limited
Maveli Chits has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Koshy Varghese | Director | 31 Oct 2008 | 18 Years 0 Months | As last reported |
| Kormath Damodaran Nair | Director | 31 Oct 2008 | 18 Years 0 Months | As last reported |
| Vijayachandran Chandrasekharan Nair | Director | 31 Oct 2008 | 18 Years 0 Months | As last reported |
| Binu Varghese | Director | 31 Oct 2008 | 18 Years 0 Months | As last reported |
Peer comparison
Maveli Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Zonetax India Private Limited | ₹26.08 Lakh (FY 2025) | 32.0% | Chennai, Tamil Nadu, India | |||
| Ekjot Advances Limited | ₹26.08 Lakh (FY 2018) | 88.0% | Ludhiana, Punjab, India | |||
| Climax Fincap Pvt Ltd | ₹26.07 Lakh (FY 2025) | 57.0% | Kolkata, West Bengal, India | |||
| Green Wealth Benefit Fund Limited | ₹26.06 Lakh (FY 2022) | 10.0% | Madurai, Tamil Nadu, India | |||
| Surana Forex Private Limited | ₹26.04 Lakh (FY 2024) | 100.0% | Mumbai, Maharashtra, India | |||
| Maveli Chits Private Limitedthis company | ₹26.04 Lakh (FY 2017) | -₹12.81 Lakh | -49.2% | 60.0% | Ulhasnagar, Maharashtra, India | |
| Adinath Moneychangers Private Limited | ₹26.03 Lakh (FY 2020) | -56.0% | Dist-Surat, Gujarat, India | |||
| Av Consultancy Private Limited | ₹26.03 Lakh (FY 2025) | -14.0% | Kolkata, West Bengal, India | |||
| Visu Stockland Private Limited. | ₹26.01 Lakh (FY 2024) | -45.0% | Ahmedabad, Gujarat, India | |||
| KTK Chit Funds Private Limited | ₹26 Lakh (FY 2025) | 9.0% | Tirunelveli, Tamil Nadu, India | |||
| Careful Investments Private Limited | ₹26 Lakh (FY 2017) | -47.0% | New Delhi, Delhi, India |
To see the full peer comparison of Maveli Chits Private Limited, buy the company report.
Auditor
Maveli Chits Private Limited is audited by D.S.JAIN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.S.JAIN & CO | FY 2017 | 101913 |
Shareholding
The shareholding of Maveli Chits 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 Maveli Chits Private Limited, buy the company report.
Legal cases
Maveli Chits Private Limited has 42 court cases on record: 41 filed by Maveli Chits, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 42 | 1 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Maveli Chits 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 Maveli Chits 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 Maveli Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Maveli Chits Private Limited has 4 board changes on record since 2008: 4 appointments. The latest: Binu Varghese was appointed as Director on 31 Oct 2008.
Frequently asked questions
Maveli Chits 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.
Maveli Chits was a private limited company based in Ulhasnagar, Maharashtra, India. The company worked in financial activities, within the financial services industry. It was incorporated on 31 October 2008 and is registered under CIN U74999MH2008PTC187861. The company has been struck off by the Registrar of Companies and is no longer operational.
Maveli Chits had 4 directors:
- Koshy Varghese - Director
- Kormath Damodaran Nair - Director
- Vijayachandran Chandrasekharan Nair - Director
- Binu Varghese - Director
The CIN (Corporate Identification Number) of Maveli Chits is U74999MH2008PTC187861. 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 Maveli Chits is at Shop No 1 Ground Floor Suman Palace Station Road Ulhasnagar, Maharashtra, India – 421004.
Maveli Chits was incorporated on 31 October 2008. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Maveli Chits on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
Maveli Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Maveli Chits by revenue are Zonetax India Private Limited, Ekjot Advances Limited, Climax Fincap Pvt Ltd, Green Wealth Benefit Fund Limited, Surana Forex Private Limited and 5 more, all in the same principal business activity (other financial activities).
Maveli Chits has 42 court cases on record: 41 filed by the company and 1 filed against it.
Binu Varghese was appointed as Director on 31 Oct 2008. Kormath Damodaran Nair was appointed as Director on 31 Oct 2008. Koshy Varghese was appointed as Director on 31 Oct 2008. Maveli Chits has 4 board changes on record in total.
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