MRC Chit Funds (Chennai) Private Limited
About MRC Chit Funds (Chennai) Private Limited
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MRC Chit Funds (Chennai) Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 22 April 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN1997PTC038024.
The company has an authorised share capital of ₹7.5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Ravi Umesh Krishnan and Ravi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 429 Mint Street Chennai 600 079 Chennai 600 079, Tamil Nadu, India – 600079.
As per the financials filed for FY 2022, the company reported a revenue of ₹11,682, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹1.78 Lakh and EBITDA of -₹1.77 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 66% over three years and 50% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
MRC Chit Funds (Chennai) Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address429 Mint Street Chennai 600 079 Chennai 600 079, Tamil Nadu, India – 600079
- IndustryFinancial Services, Financial Activities
To see the full contact details of MRC Chit Funds (Chennai) 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
Financials of MRC Chit Funds (Chennai) Private Limited
FY 2022 filings availableMRC Chit Funds (Chennai) Private Limited reported revenue of ₹11,682 (down 88% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 88% fall in the latest year. EBITDA fell 191% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹1.77 Lakh | ||||
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| Net Profit (PAT) | -₹1.78 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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To see the full financial statements and ratios of MRC Chit Funds (Chennai) Private Limited, buy the company report.
Board of directors of MRC Chit Funds (Chennai) Private Limited
MRC Chit Funds (Chennai) has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Umesh Krishnan | Director | 22 Nov 2016 | 9 Years 11 Months | Current |
| Ravi | Director | 22 Apr 1997 | 29 Years 6 Months | Current |
Peer comparison
MRC Chit Funds (Chennai) Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Thiyagaraja Chit Funds Private Limited | ₹16,714 (FY 2024) | -93.0% | Chennai, Tamil Nadu, India | |||
| Pathisseril Chit Funds Company Private Limited | ₹12,000 (FY 2025) | -27.0% | Chavara, Kerala, India | |||
| MRC Chit Funds (Chennai) Private Limitedthis company | ₹11,682 (FY 2022) | -₹1.78 Lakh | -88.0% | Chennai, Tamil Nadu, India | ||
| Perundurairoyal Chit Funds India Private Limited | ₹10,848 (FY 2022) | -61.0% | Perundurai, Tamil Nadu, India | |||
| Sree Thirumala Chit Funds (India) Private Limited | ₹10,500 (FY 2025) | 7.0% | Karimnagar, Telangana, India |
To see the full peer comparison of MRC Chit Funds (Chennai) Private Limited, buy the company report.
Auditor
MRC Chit Funds (Chennai) Private Limited is audited by B. V. PURUSHOTHAMAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. V. PURUSHOTHAMAN | FY 2017 | 012106 |
Shareholding
The shareholding of MRC Chit Funds (Chennai) 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 MRC Chit Funds (Chennai) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving MRC Chit Funds (Chennai) 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 MRC Chit Funds (Chennai) 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 MRC Chit Funds (Chennai) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
MRC Chit Funds (Chennai) Private Limited has 7 board changes on record since 1997: 2 appointments and 5 cessations. The latest: Kalaivani ceased to be Director on 20 Mar 2021.
Frequently asked questions
MRC Chit Funds (Chennai) is an active private limited company based in Chennai, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 22 April 1997 (29+ years old) and is registered under CIN U65991TN1997PTC038024.
MRC Chit Funds (Chennai) has 2 current directors:
- Ravi Umesh Krishnan - Director
- Ravi - Director
The latest financial statements of MRC Chit Funds (Chennai) on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of MRC Chit Funds (Chennai) is U65991TN1997PTC038024. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MRC Chit Funds (Chennai) was incorporated on 22 April 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of MRC Chit Funds (Chennai) by revenue are Thiyagaraja Chit Funds Private Limited, Pathisseril Chit Funds Company Private Limited, Perundurairoyal Chit Funds India Private Limited, Sree Thirumala Chit Funds (India) Private Limited, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Kalaivani ceased to be Director on 20 Mar 2021. Muthu Chettiar Premavathy ceased to be Director on 27 Nov 2017. Thangavel Muthu Chettiar ceased to be Director on 27 Nov 2017. MRC Chit Funds (Chennai) has 7 board changes on record in total.
The registered office of MRC Chit Funds (Chennai) is at 429 Mint Street Chennai 600 079 Chennai 600 079, Tamil Nadu, India – 600079.
MRC Chit Funds (Chennai) operates in the financial services industry, in the financial activities segment.
The compliance status of MRC Chit Funds (Chennai) is compliant as of 22 September 2026. The company is actively filing with the Registrar of Companies.
MRC Chit Funds (Chennai) can be reached at its registered office: 429 Mint Street Chennai 600 079 Chennai 600 079, Tamil Nadu, India – 600079.
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