Meenachil Vikas Chitty Private Limited
About Meenachil Vikas Chitty Private Limited
Data last updated:
Meenachil Vikas Chitty Private Limited is a private limited company based in Pala, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 28 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2012PTC031989.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Rani George and George Valiyaparambil George.
Its last annual general meeting (AGM) was held on 02 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Xxiii/396 Iind Floor Kattakayam Kunjamma Towers, Pala, Kerala, India – 686575.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.01 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹2.77 Lakh (net margin -274%) and EBITDA of -₹1.71 Lakh (EBITDA margin -169.1%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 13% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Meenachil Vikas Chitty Private Limited's registered office is in Pala, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressXxiii/396 Iind Floor Kattakayam Kunjamma Towers, Pala, Kerala, India – 686575
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Meenachil Vikas Chitty 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 Meenachil Vikas Chitty 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 Meenachil Vikas Chitty Private Limited, buy the company report.
Financials of Meenachil Vikas Chitty Private Limited
FY 2020 filings availableMeenachil Vikas Chitty Private Limited reported revenue of ₹1.01 Lakh (down 75% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 75% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA rose 67% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.01 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.71 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.77 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -169.1% | ||||
| Net Profit Margin | -274% | ||||
| 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 Meenachil Vikas Chitty Private Limited, buy the company report.
Board of directors of Meenachil Vikas Chitty Private Limited
Meenachil Vikas Chitty has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rani George | Director | 28 Aug 2012 | 14 Years 1 Months | Current |
| George Valiyaparambil George | Director | 28 Aug 2012 | 14 Years 1 Months | Current |
Peer comparison
Meenachil Vikas Chitty 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 |
|---|---|---|---|---|---|---|
| Robust Msolutions Nidhi Limited | ₹1.04 Lakh (FY 2021) | 192.0% | Bhopal, Madhya Pradesh, India | |||
| Mahaganapati Microfinance | ₹1.02 Lakh (FY 2025) | -70.0% | Jaipur, Rajasthan, India | |||
| VKV Chits Private Limited | ₹1.02 Lakh (FY 2023) | -72.0% | Alappuzha, Kerala, India | |||
| Carttal Chits(Kerala) Private Limited | ₹1.01 Lakh (FY 2019) | -78.0% | Alappuzha, Kerala, India | |||
| Meenachil Vikas Chitty Private Limitedthis company | ₹1.01 Lakh (FY 2020) | -₹2.77 Lakh | -274% | -75.0% | Pala, Kerala, India | |
| Abhinav Urban Multipurpose Nidhi Limited | ₹1.01 Lakh (FY 2022) | Pune, Maharashtra, India | ||||
| Deepanjali Micro Finance Foundation | ₹1 Lakh (FY 2025) | -26.0% | Prayagraj, Uttar Pradesh, India | |||
| S V Kumar Chits Private Limited | ₹99,609 (FY 2020) | -65.0% | Bangalore, Karnataka, India | |||
| Chandoji Patil Urban Nidhi Limited | ₹99,177 (FY 2023) | Malegaon, Maharashtra, India |
To see the full peer comparison of Meenachil Vikas Chitty Private Limited, buy the company report.
Auditor
Meenachil Vikas Chitty Private Limited is audited by JOSE KAPPEN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JOSE KAPPEN & CO | FY 2020 | 001362S |
Shareholding
The shareholding of Meenachil Vikas Chitty Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Meenachil Vikas Chitty Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Meenachil Vikas Chitty 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 Meenachil Vikas Chitty 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 Meenachil Vikas Chitty Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Meenachil Vikas Chitty Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Babu Joseph ceased to be Director on 27 Mar 2015.
Frequently asked questions
Meenachil Vikas Chitty is an active private limited company based in Pala, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 28 August 2012 (14+ years old) and is registered under CIN U65992KL2012PTC031989.
Meenachil Vikas Chitty has 2 current directors:
- Rani George - Director
- George Valiyaparambil George - Director
The latest financial statements of Meenachil Vikas Chitty on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 02 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Meenachil Vikas Chitty is U65992KL2012PTC031989. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meenachil Vikas Chitty was incorporated on 28 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Meenachil Vikas Chitty by revenue are Robust Msolutions Nidhi Limited, Mahaganapati Microfinance, VKV Chits Private Limited, Carttal Chits(Kerala) Private Limited, Abhinav Urban Multipurpose Nidhi Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Babu Joseph ceased to be Director on 27 Mar 2015. Baby Thomas ceased to be Director on 27 Mar 2015. Lovely Babu ceased to be Director on 27 Mar 2015. Meenachil Vikas Chitty has 6 board changes on record in total.
The registered office of Meenachil Vikas Chitty is at Xxiii396 Iind Floor Kattakayam Kunjamma Towers, Pala, Kerala, India – 686575.
Meenachil Vikas Chitty operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Meenachil Vikas Chitty is compliant as of 31 July 2026. The company is actively filing with the Registrar of Companies.
Meenachil Vikas Chitty can be reached at its registered office: Xxiii396 Iind Floor Kattakayam Kunjamma Towers, Pala, Kerala, India – 686575.