About Shriram Chits (Maharashtra) Limited
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Shriram Chits (Maharashtra) Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the microfinance institutions segment of the financial services sector. It was incorporated on 15 October 1999.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65191MH1999PLC122247. Its GSTIN is 27AAECS7592Q1ZC (Maharashtra).
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.33 Cr. It was led by directors including Karanam Rama Chandra Sekhar and Gouse Mohiddin Jilani.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹50.23 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹1.37 Cr (net margin 2.7%) and EBITDA of ₹2.4 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 6% over five years.
The company had about 446 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹4.85 Lakh on record. Court records list 9,801 cases involving the company, including 9,694 filed by the company and 107 filed against it; 1,495 cases are pending.
The last known website on record is shriramchits.in.
Company details
CIN history
Shriram Chits (Maharashtra) has one previous CIN (Corporate Identification Number): U65191MH1999PTC122247. The current CIN is U65191MH1999PLC122247, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65191MH1999PLC122247 | Current |
| U65191MH1999PTC122247 | Previous |
Contact details
Shriram Chits (Maharashtra) Limited's registered office is in Mumbai, Maharashtra. Its website is shriramchits.in. Its e-mail address is in the company report.
- Email
- Website
- Apps
- Registered Address117/118 Dalamal Towers 1st Floor Free Press Journal Road Nari, Man Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Shriram Chits (Maharashtra) 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 Shriram Chits (Maharashtra) 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 Shriram Chits (Maharashtra) Limited, buy the company report.
Financials of Shriram Chits (Maharashtra) Limited
FY 2020 filings availableShriram Chits (Maharashtra) Limited reported revenue of ₹50.23 Cr (down 1% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 28% 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 |
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| Total Expenses | |||||
| EBITDA | ₹2.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.37 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Shriram Chits (Maharashtra) Limited, buy the company report.
Board of directors of Shriram Chits (Maharashtra) Limited
Shriram Chits (Maharashtra) has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karanam Rama Chandra Sekhar | Director | 23 Mar 2001 | 25 Years 7 Months | As last reported |
| Gouse Mohiddin Jilani Also directs: Shriram Chits (India) Private Limited | Director | 26 Mar 2001 | 25 Years 7 Months | As last reported |
| Ramasubramanian Chandrasekar | Director | 30 Mar 2017 | 9 Years 7 Months | As last reported |
| Srinivasa Chakravarthy Yalamati | Director | 30 Dec 2015 | 10 Years 10 Months | As last reported |
Peer comparison
Shriram Chits (Maharashtra) Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Sanghamithra Rural Financial Services | ₹70.36 Cr (FY 2025) | 26.0% | Bangalore, Karnataka, India | |||
| Kapil Chits (Telangana) Private Limited | ₹62.85 Cr (FY 2025) | 9.0% | T.Palem, Telangana, India | |||
| Shri Narayani Nidhi Limited | ₹59.79 Cr (FY 2024) | 36.0% | Thiruvarur, Tamil Nadu, India | |||
| Kapil Chits (Kakatiya) Private Limited | ₹57.89 Cr (FY 2024) | 3.0% | Hanamkonda, Telangana, India | |||
| Arth Micro Finance Private Limited | ₹51.02 Cr (FY 2024) | 2.0% | Jaipur, Rajasthan, India | |||
| Shriram Chits (Maharashtra) Limitedthis company | ₹50.23 Cr (FY 2020) | ₹1.37 Cr | 2.7% | -1.0% | 446 | Mumbai, Maharashtra, India |
| National Scheduled Tribes Finance and Development Corporation Co U S 25 | ₹48.46 Cr (FY 2024) | 9.0% | New Delhi, Delhi, India | |||
| Shriramraghavendra Chits Private Ltd | ₹46.94 Cr (FY 2024) | 4.0% | Secunderabad, Telangana, India | |||
| Port City Nidhi Limited | ₹45.17 Cr (FY 2025) | 12.0% | Tuticorin, Tamil Nadu, India | |||
| Bhartiya Micro Credit | ₹45.05 Cr (FY 2018) | 45.0% | Lucknow, Uttar Pradesh, India | |||
| Kodachadri Chits Private Limited | ₹39.12 Cr (FY 2024) | 75.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Shriram Chits (Maharashtra) Limited, buy the company report.
Auditor
Shriram Chits (Maharashtra) Limited is audited by Y S KULKARNI & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y S KULKARNI & CO | FY 2016 | 131381W |
Shareholding
The shareholding of Shriram Chits (Maharashtra) Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shriram Chits (Maharashtra) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 1999 | 90142657 | The Saraswat Co-Op. Bank Ltd. | ₹2.28 Lakh | Satisfied | |
| 02 Dec 1999 | 90142621 | The Saraswat Co-Op. Bank Ltd. | ₹2.57 Lakh | Satisfied |
To see the full charge records of Shriram Chits (Maharashtra) Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Shriram Chits (Maharashtra) Limited has 9,801 court cases on record: 9,694 filed by Shriram Chits (Maharashtra), 107 filed against it. 1,495 cases are pending and 8,306 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9,672 | 87 | 1,488 |
| High courts | 128 | 20 | 7 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 9,801)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amravati, Maharashtra | Court case (Cri.Appeal) | Filed against the company by an individual | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 3 Mumbai | Pending |
| District court, Nashik, Maharashtra | Court case (Civil M.A.) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed by the company against an individual | Pending |
| District court, Ahmednagar, Maharashtra | Arbitration matter | Filed by the company against an individual | Pending |
To see the full case history of Shriram Chits (Maharashtra) 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 Shriram Chits (Maharashtra) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shriram Chits (Maharashtra) Limited has a workforce of 446 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Shriram Chits (Maharashtra) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECS7592Q1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shriram Chits (Maharashtra) Limited, buy the company report.
Recent activity
Shriram Chits (Maharashtra) Limited has 10 board changes on record since 2001: 4 appointments and 6 cessations. The latest: Ramasubramanian Chandrasekar ceased to be Additional Director on 30 Sep 2017.
5 earlier events are in the company report.
Frequently asked questions
Shriram Chits (Maharashtra) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Shriram Chits (Maharashtra) was a public limited company based in Mumbai, Maharashtra, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 15 October 1999 and is registered under CIN U65191MH1999PLC122247. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Shriram Chits (Maharashtra) was incorporated on 15 October 1999. It is registered with the Registrar of Companies, Mumbai.
Shriram Chits (Maharashtra) had 4 directors:
- Karanam Rama Chandra Sekhar - Director
- Gouse Mohiddin Jilani - Director
- Ramasubramanian Chandrasekar - Director
- Srinivasa Chakravarthy Yalamati - Director
The CIN (Corporate Identification Number) of Shriram Chits (Maharashtra) is U65191MH1999PLC122247. 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 Shriram Chits (Maharashtra) is at 117118 Dalamal Towers 1st Floor Free Press Journal Road Nari, Man Point, Mumbai, Maharashtra, India – 400021.
Shriram Chits (Maharashtra) can be reached through the website shriramchits.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Shriram Chits (Maharashtra) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Shriram Chits (Maharashtra) is 27AAECS7592Q1ZC, registered in Maharashtra.
Shriram Chits (Maharashtra) operated in the financial services industry, in the microfinance institutions segment.
The peers of Shriram Chits (Maharashtra) by revenue are Sanghamithra Rural Financial Services, Kapil Chits (Telangana) Private Limited, Shri Narayani Nidhi Limited, Kapil Chits (Kakatiya) Private Limited, Arth Micro Finance Private Limited and 5 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
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