Moovar Ivar Chits Private Limited
About Moovar Ivar Chits Private Limited
Data last updated:
Moovar Ivar Chits Private Limited is a private limited company based in Manapparai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 12 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65929TN2021PTC143395.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Natarajan Amaran (Managing Director) and Poomalai Chandran.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.128 First Floor Kovilpatti V.Idayapatti Village, Manapparai, Tamil Nadu, India – 621305.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.36 Lakh, a growth of 93% compared to the previous year. For the same year it recorded a net profit of ₹39,824 (net margin 16.9%) and EBITDA of ₹55,281 (EBITDA margin 23.5%).
Company details
Contact details
Moovar Ivar Chits Private Limited's registered office is in Manapparai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.128 First Floor Kovilpatti V.Idayapatti Village, Manapparai, Tamil Nadu, India – 621305
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Moovar Ivar 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 Moovar Ivar 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 Moovar Ivar Chits Private Limited, buy the company report.
Financials of Moovar Ivar Chits Private Limited
FY 2024 filings availableMoovar Ivar Chits Private Limited reported revenue of ₹2.36 Lakh (up 93% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 93% in the latest year. EBITDA rose 408% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹55,281 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹39,824 | ||
| 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 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 23.5% | ||
| Net Profit Margin | 16.9% | ||
| 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 Moovar Ivar Chits Private Limited, buy the company report.
Board of directors of Moovar Ivar Chits Private Limited
Moovar Ivar Chits has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Poomalai Chandran | Director | 12 May 2021 | 5 Years 5 Months | Current |
| Natarajan Amaran | Managing Director | 12 May 2021 | 5 Years 5 Months | Current |
| Manojkumar Chidambaram | Director | 04 Jul 2022 | 4 Years 4 Months | Current |
Peer comparison
Moovar Ivar Chits Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| RDB Chitties Private Limited | ₹2.37 Lakh (FY 2025) | -21.0% | Ernakulam, Kerala, India | |||
| Kattikaran Nidhi Limited | ₹2.36 Lakh (FY 2021) | 14.0% | Angamaly, Kerala, India | |||
| New Step Chits Private Limited | ₹2.36 Lakh (FY 2019) | -74.0% | Sindhanur, Karnataka, India | |||
| Moovar Ivar Chits Private Limitedthis company | ₹2.36 Lakh (FY 2024) | ₹39,824 | 16.9% | 93.0% | Manapparai, Tamil Nadu, India | |
| Golden Valley Nidhi Limited | ₹2.35 Lakh (FY 2023) | 106.0% | Thiruvananthapuram, Kerala, India | |||
| Ard Micro Finance | ₹2.34 Lakh (FY 2024) | -70.0% | Jaipur, Rajasthan, India | |||
| Shastra Chit Funds Private Limited | ₹2.34 Lakh (FY 2022) | -33.0% | Sanga Reddy, Telangana, India | |||
| Dhandhanya Micro Service Foundation | ₹2.33 Lakh (FY 2024) | 14.0% | Dehradun, Uttarakhand, India |
To see the full peer comparison of Moovar Ivar Chits Private Limited, buy the company report.
Auditor
Moovar Ivar Chits Private Limited is audited by T.S. Nagarajan & Co., for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T.S. Nagarajan & Co., | FY 2023 | 022910S |
Shareholding
The shareholding of Moovar Ivar Chits Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Moovar Ivar Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Moovar Ivar Chits 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 Moovar Ivar Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Moovar Ivar Chits Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
No GST registration is on our record for Moovar Ivar Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Moovar Ivar Chits Private Limited has 5 board changes on record since 2021: 4 appointments and 1 cessation. The latest: Manojkumar Chidambaram was appointed as Director on 04 Jul 2022.
Frequently asked questions
Moovar Ivar Chits is an active private limited company based in Manapparai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 12 May 2021 (5+ years old) and is registered under CIN U65929TN2021PTC143395.
Moovar Ivar Chits has 3 current directors:
- Natarajan Amaran - Managing Director
- Poomalai Chandran - Director
- Manojkumar Chidambaram - Director
The latest financial statements of Moovar Ivar Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Moovar Ivar Chits is U65929TN2021PTC143395. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Moovar Ivar Chits was incorporated on 12 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Moovar Ivar Chits by revenue are RDB Chitties Private Limited, Kattikaran Nidhi Limited, New Step Chits Private Limited, Golden Valley Nidhi Limited, Ard Micro Finance and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Manojkumar Chidambaram was appointed as Director on 04 Jul 2022. Arunkumar ceased to be Director on 30 Jan 2022. Arunkumar was appointed as Director on 12 May 2021. Moovar Ivar Chits has 5 board changes on record in total.
The registered office of Moovar Ivar Chits is at No.128 First Floor Kovilpatti V.Idayapatti Village, Manapparai, Tamil Nadu, India – 621305.
Moovar Ivar Chits operates in the financial services industry, in the microfinance institutions segment.
Moovar Ivar Chits can be reached at its registered office: No.128 First Floor Kovilpatti V.Idayapatti Village, Manapparai, Tamil Nadu, India – 621305.
Moovar Ivar Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Chennai.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
