About Shriram Chits Pvt Ltd
Data last updated:
Shriram Chits Pvt Ltd was a private limited company based in Telangana, 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 08 December 1981.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG1981PTC003312. Its GSTIN is 33AAFCS4916D2ZM (Tamil Nadu). The company held 5 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹8.03 Cr. It was formerly known as Shrilekha Chit Funds & Investments Private Limited. It was led by directors including Sankaranpadi Raghunathan Parthasarathy and Aroor Venkatachari Srinivasa Raghavan Raja.
Its last annual general meeting (AGM) was held on 24 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at No.44 Sarojini Devi Road Secunderabad – 500 003, Telangana, India.
As per the financials filed for FY 2020, the company reported a revenue of ₹191.24 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹10.42 Cr (net margin -5.5%) and EBITDA of -₹15.15 Lakh (EBITDA margin -0.1%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 8% over five years.
As per MCA filings, the company had satisfied charges of ₹269.5 Cr on record. Court records list 32,528 cases involving the company, including 31,539 filed by the company and 991 filed against it; 2,215 cases are pending.
The last known website on record is shriramchits.com.
Company details
CIN history
Shriram Chits has one previous CIN (Corporate Identification Number): U65992AP1981PTC003312. The current CIN is U65992TG1981PTC003312, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG1981PTC003312 | Current |
| U65992AP1981PTC003312 | Previous |
Contact details
Shriram Chits Pvt Ltd's registered office is in Telangana. Its website is shriramchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.44 Sarojini Devi Road Secunderabad – 500 003, Telangana, India
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Shriram Chits Pvt Ltd, 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 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 Pvt Ltd, buy the company report.
Financials of Shriram Chits Pvt Ltd
FY 2020 filings availableShriram Chits Pvt Ltd reported revenue of ₹191.24 Cr (down 24% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 24% fall in the latest year. EBITDA fell 100% 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 | ₹191.24 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹15.15 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.42 Cr | ||||
| 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 | -0.1% | ||||
| Net Profit Margin | -5.5% | ||||
| 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 Shriram Chits Pvt Ltd, buy the company report.
Board of directors and KMP of Shriram Chits Pvt Ltd
Shriram Chits Pvt Ltd currently reports 7 directors and 1 key managerial person. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lingala Subba Reddy Also directs: BBM Estates Private Limited | Company Secretary | 04 Mar 2015 | 11 Years 7 Months | As last reported |
| Sankaranpadi Raghunathan Parthasarathy | Director | 22 Jan 1984 | 42 Years 9 Months | As last reported |
| Aroor Venkatachari Srinivasa Raghavan Raja Also directs: Madras Entreprenuers Forum Private Limited | Director | 01 Jul 1988 | 38 Years 3 Months | As last reported |
| Venkat Rao Belpu Also directs: Belsons Hotels Pvt. Ltd. | Director | 09 Feb 1984 | 42 Years 8 Months | As last reported |
| Krishna Murthy Mahalingam | Director | 06 Jan 1982 | 44 Years 9 Months | As last reported |
| Ramasubramanian Chandrasekar | Director | 29 Jun 1996 | 30 Years 3 Months | As last reported |
Peer comparison
Shriram Chits Pvt Ltd 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 |
|---|---|---|---|---|---|---|
| Equitas Micro Finance Limited | ₹606.43 Cr (FY 2016) | 38.0% | Chennai, Tamil Nadu, India | |||
| Cashpor Micro Credit | ₹546.96 Cr (FY 2022) | 28.0% | Varanasi, Uttar Pradesh, India | |||
| Shriram Chits (India) Private Limited | ₹455.5 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India | |||
| New Opportunity Consultancy Private Limited | ₹286.44 Cr (FY 2025) | 3.0% | Navi Mumbai, Maharashtra, India | |||
| Kapil Chits (Hyderabad) Private Limited | ₹244.22 Cr (FY 2025) | 33.0% | Hyderabad, Telangana, India | |||
| Shriram Chits Pvt Ltdthis company | ₹191.24 Cr (FY 2020) | -₹10.42 Cr | -5.5% | -24.0% | Telangana, India | |
| Margadarsi Chits (Karnataka) Private Limited | ₹176.98 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India | |||
| Repco Micro Finance Limited | ₹162.49 Cr (FY 2022) | -8.0% | Chennai, Tamil Nadu, India | |||
| Future Financial Servicess Private Limited | ₹152.55 Cr (FY 2016) | 116.0% | Bengaluru, Karnataka, India | |||
| Mini Muthoottu Nidhi Kerala Limited | ₹146.79 Cr (FY 2024) | 0.0% | Pathanamthitta, Kerala, India | |||
| Jayapriya Chit Funds Private Limited | ₹106.41 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Shriram Chits Pvt Ltd, buy the company report.
Auditor
Shriram Chits Pvt Ltd is audited by C N G S N & Associates LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C N G S N & Associates LLP | FY 2020 | 04915S |
Shareholding
The shareholding of Shriram Chits Pvt Ltd 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 Shriram Chits Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2004 | 90340250 | The City Union Bank Ltd | ₹19 Cr | Satisfied | |
| 18 Sep 1998 | 90339090 | Shriram Investments Ltd | ₹250 Cr | Satisfied | |
| 01 Sep 1998 | 90339086 | Shriram City Union Finance Ltd | ₹50 Lakh | Satisfied |
To see the full charge records of Shriram Chits Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
Shriram Chits Pvt Ltd has 32,528 court cases on record: 31,539 filed by Shriram Chits, 991 filed against it. 2,215 cases are pending and 30,313 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31,628 | 298 | 2,064 |
| High courts | 894 | 690 | 151 |
| Supreme Court | 5 | 3 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 32,528)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Revision petition | Filed against the company by an individual | Pending |
| District court, Kadapa, Andhra Pradesh | Civil suit | Filed against the company | Pending |
| High Court of Andhra Pradesh | Revision petition | Filed against the company by an individual | Pending |
| High Court for State of Telangana | Revision petition | Filed against the company by an individual | Pending |
| High Court for State of Telangana | Writ petition | Filed against the company | Pending |
To see the full case history of Shriram Chits Pvt Ltd, 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 Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shriram Chits has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCS4916D2ZM | Tamil Nadu | Active | 11 Sep 2018 |
To see the full GST registrations and return filing status of Shriram Chits Pvt Ltd, buy the company report.
Recent activity
Shriram Chits Pvt Ltd has 9 board changes on record since 1982: 8 appointments and 1 cessation. The latest: Lingala Subba Reddy was appointed as Company Secretary on 04 Mar 2015.
6 earlier events are in the company report.
Frequently asked questions
Shriram Chits 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 was a private limited company based in Telangana, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 08 December 1981 and is registered under CIN U65992TG1981PTC003312. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Shriram Chits was incorporated on 08 December 1981. It is registered with the Registrar of Companies, Hyderabad.
Shriram Chits had 8 directors and KMP:
- Sankaranpadi Raghunathan Parthasarathy - Director
- Aroor Venkatachari Srinivasa Raghavan Raja - Director
- Venkat Rao Belpu - Director
- Krishna Murthy Mahalingam - Director
- Ramasubramanian Chandrasekar - Director
- Srinivas Kollapudi - Director
- Srinivasa Chakravarthy Yalamati - Director
- Lingala Subba Reddy - Company Secretary
The CIN (Corporate Identification Number) of Shriram Chits is U65992TG1981PTC003312. 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 is at No.44 Sarojini Devi Road Secunderabad – 500 003, Telangana, India.
Shriram Chits can be reached through the website shriramchits.com. Its registered office is in Telangana, India.
The latest financial statements of Shriram Chits on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 24 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Shriram Chits is 33AAFCS4916D2ZM, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
Shriram Chits operated in the financial services industry, in the microfinance institutions segment.
The peers of Shriram Chits by revenue are Equitas Micro Finance Limited, Cashpor Micro Credit, Shriram Chits (India) Private Limited, New Opportunity Consultancy Private Limited, Kapil Chits (Hyderabad) Private Limited and 5 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).