Munibala Chits Private Limited
About Munibala Chits Private Limited
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Munibala Chits Private Limited is a private limited company based in Salem, Tamil Nadu, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 29 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U67190TZ2018PTC030529.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Krishnan Kishorekumar (Managing Director) and Shesha Rajan Munibala.
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 69 Ramakrishna Road, Salem, Tamil Nadu, India – 636007.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.24 Lakh, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹22,633 (net margin -18.2%) and EBITDA of -₹17,631 (EBITDA margin -14.2%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years.
Company details
Contact details
Munibala Chits Private Limited's registered office is in Salem, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address69 Ramakrishna Road, Salem, Tamil Nadu, India – 636007
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Munibala 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 Munibala 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 Munibala Chits Private Limited, buy the company report.
Financials of Munibala Chits Private Limited
FY 2022 filings availableMunibala Chits Private Limited reported revenue of ₹1.24 Lakh (down 41% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over three years, including a 41% fall in the latest year. EBITDA fell 267% 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 |
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| EBITDA | -₹17,631 | |||
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| Net Profit (PAT) | -₹22,633 | |||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | ||||
| EBITDA Margin | -14.2% | |||
| Net Profit Margin | -18.2% | |||
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To see the full financial statements and ratios of Munibala Chits Private Limited, buy the company report.
Board of directors of Munibala Chits Private Limited
Munibala Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shesha Rajan Munibala | Director | 29 May 2018 | 8 Years 4 Months | Current |
| Krishnan Kishorekumar | Managing Director | 29 May 2018 | 8 Years 4 Months | Current |
Peer comparison
Munibala Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Vexcon Properties Pvt.Ltd. | ₹1.24 Lakh (FY 2025) | 25.0% | Kolkata, West Bengal, India | |||
| Vayam Nidhi Limited | ₹1.24 Lakh (FY 2025) | -88.0% | Palakkad, Kerala, India | |||
| Suraj Global Ltd. | ₹1.24 Lakh (FY 2018) | -55.0% | Kolkata, West Bengal, India | |||
| Mahamartand Nidhi Limited | ₹1.24 Lakh (FY 2022) | Ulhasnagar, Maharashtra, India | ||||
| Vinayak Nidhi Limited | ₹1.24 Lakh (FY 2024) | -62.0% | Rudrapur, Uttarakhand, India | |||
| Munibala Chits Private Limited this company | ₹1.24 Lakh (FY 2022) | -₹22,633 | -18.2% | -41.0% | Salem, Tamil Nadu, India | |
| Maradur Business Services Private Limited | ₹1.24 Lakh (FY 2025) | -70.0% | Haveri, Karnataka, India | |||
| Sulewadi Nidhi Limited | ₹1.24 Lakh (FY 2023) | Nashik, Maharashtra, India | ||||
| Rishika Dealcom Private Limited | ₹1.24 Lakh (FY 2024) | 20.0% | Kolkata, West Bengal, India | |||
| Mukta Commodities Pvt Ltd | ₹1.24 Lakh (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Sant Vedic Nidhi Limited | ₹1.24 Lakh (FY 2021) | -65.0% | Karauli, Rajasthan, India |
To see the full peer comparison of Munibala Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Munibala 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 Munibala Chits 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 Munibala Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Munibala Chits Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Anumala Muniyappan Chettiar Shesharajan ceased to be Director on 16 Sep 2020.
Frequently asked questions
Munibala Chits is an active private limited company based in Salem, Tamil Nadu, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 29 May 2018 (8+ years old) and is registered under CIN U67190TZ2018PTC030529.
Munibala Chits has 2 current directors:
- Krishnan Kishorekumar - Managing Director
- Shesha Rajan Munibala - Director
The latest financial statements of Munibala Chits 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 FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Munibala Chits is U67190TZ2018PTC030529. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Munibala Chits was incorporated on 29 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Munibala Chits by revenue are Vexcon Properties Pvt.Ltd, Vayam Nidhi Limited, Suraj Global Ltd, Mahamartand Nidhi Limited, Vinayak Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Anumala Muniyappan Chettiar Shesharajan ceased to be Director on 16 Sep 2020. Krishnan Kishorekumar was appointed as Managing Director on 29 May 2018. Shesha Rajan Munibala was appointed as Director on 29 May 2018.
The registered office of Munibala Chits is at 69 Ramakrishna Road, Salem, Tamil Nadu, India – 636007.
Munibala Chits operates in the financial services industry, in the auxiliary to financial intermediatory segment.
Munibala Chits can be reached at its registered office: 69 Ramakrishna Road, Salem, Tamil Nadu, India – 636007.
Munibala Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Coimbatore.