About Muthoot Pappachan Chits (India) Private Limited
Data last updated:
Muthoot Pappachan Chits (India) Private Limited is a private limited company based in Thiruvananthapuram, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 26 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2012PTC032248. Its GSTIN is 32AAICM2078B1ZV (Kerala). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.92 Cr. It is led by directors including Remmy Thomas and Preethi John Muthoot.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Muthoot Centre Tc No 14/2074 – 7 Punnen Road, Thiruvananthapuram, Kerala, India – 695039.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.91 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹5.57 Cr (net margin 17.5%) and EBITDA of ₹10.24 Cr (EBITDA margin 32.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 42% over five years.
The company has about 200 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Muthoot Chits. As per MCA filings, the company has satisfied charges of ₹40 Lakh on record. Court records list 224 cases involving the company, including 219 filed by the company and 5 filed against it; 141 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website muthootchits.com.
Company details
Contact details
Muthoot Pappachan Chits (India) Private Limited's registered office is in Thiruvananthapuram, Kerala. Its website is muthootchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressMuthoot Centre Tc No 14/2074 – 7 Punnen Road, Thiruvananthapuram, Kerala, India – 695039
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Muthoot Pappachan Chits (India) 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
Brands
Muthoot Pappachan Chits (India) operates one associated brand: Muthoot Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive loan solutions for consumers and small to medium enterprises (SMEs). | muthootchits.com |
Business activity
The main business activity of Muthoot Pappachan Chits (India) 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 Muthoot Pappachan Chits (India) Private Limited, buy the company report.
Financials of Muthoot Pappachan Chits (India) Private Limited
FY 2025 filings availableMuthoot Pappachan Chits (India) Private Limited reported revenue of ₹31.91 Cr (up 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 36% growth in the latest year. EBITDA rose 83% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹10.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.57 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.1% | ||||
| Net Profit Margin | 17.5% | ||||
| 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 Muthoot Pappachan Chits (India) Private Limited, buy the company report.
Board of directors of Muthoot Pappachan Chits (India) Private Limited
Muthoot Pappachan Chits (India) has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Remmy Thomas | Director | 26 Sep 2012 | 14 Years 0 Months | Current |
| Preethi John Muthoot | Director | 26 Sep 2012 | 14 Years 0 Months | Current |
| Nina George Also directs: Muthoot Motors Pvt Ltd, Muthoot Exim Private Limited, Goblin Agri Projects and Hospitalities Private Limited and 5 more | Director | 26 Sep 2012 | 14 Years 0 Months | Current |
Peer comparison
Muthoot Pappachan Chits (India) Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Al-Najib Milli Mutual Benefits Nidhi Limited | ₹33.86 Cr (FY 2025) | 10.0% | Najibabad, Uttar Pradesh, India | |||
| Save Financial Managements Private Limited | ₹33.76 Cr (FY 2025) | -42.0% | Bangalore, Karnataka, India | |||
| Muthoot Pappachan Chits (India) Private Limitedthis company | ₹31.91 Cr (FY 2025) | ₹5.57 Cr | 17.5% | 36.0% | 200 | Thiruvananthapuram, Kerala, India |
| Maxvalue Nidhi Limited | ₹29.24 Cr (FY 2023) | 19.0% | Thrissur, Kerala, India | |||
| Srifin Credit Private Limited | ₹28.1 Cr (FY 2025) | 920.0% | Hyderabad, Telangana, India | |||
| Neeladri Chit Fund Pvt Ltd. | ₹27.47 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India | |||
| Xavier Nidhi Limited | ₹27.13 Cr (FY 2024) | 5.0% | Nager Coil, Tamil Nadu, India |
To see the full peer comparison of Muthoot Pappachan Chits (India) Private Limited, buy the company report.
Auditor
Muthoot Pappachan Chits (India) Private Limited is audited by Varma and Varma for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Varma and Varma | FY 2023 | 004532S |
Shareholding
The shareholding of Muthoot Pappachan Chits (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Muthoot Pappachan Chits (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2021 | 100440642 | Axis Bank Limited | ₹40 Lakh | Satisfied |
To see the full charge records of Muthoot Pappachan Chits (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Muthoot Pappachan Chits (India) Private Limited has 224 court cases on record: 219 filed by Muthoot Pappachan Chits (India), 5 filed against it. 141 cases are pending and 83 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 219 | 3 | 138 |
| High courts | 5 | 2 | 3 |
Cases on record (5 of 224)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, Thiruvananthapuram, Kerala | Court case (EP(Arb)) | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Muthoot Pappachan Chits (India) Private 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 Muthoot Pappachan Chits (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Muthoot Pappachan Chits (India) Private Limited has a workforce of 200 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Muthoot Pappachan Chits (India) has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAICM2078B1ZV | Kerala | Active | 01 Jul 2017 |
| 29AAICM2078B1ZI | Karnataka | Active | 18 Dec 2017 |
| 33AAICM2078B1ZT | Tamil Nadu | Active | 25 Sep 2018 |
To see the full GST registrations and return filing status of Muthoot Pappachan Chits (India) Private Limited, buy the company report.
Recent activity
Muthoot Pappachan Chits (India) Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Nina George was appointed as Director on 26 Sep 2012.
News
Frequently asked questions
Muthoot Pappachan Chits (India) is an active private limited company based in Thiruvananthapuram, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 26 September 2012 (14+ years old) and is registered under CIN U65992KL2012PTC032248.
Muthoot Pappachan Chits (India) has 3 current directors:
- Remmy Thomas - Director
- Preethi John Muthoot - Director
- Nina George - Director
The latest financial statements of Muthoot Pappachan Chits (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Muthoot Pappachan Chits (India) is 32AAICM2078B1ZV, registered in Kerala. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAICM2078B1ZI (Karnataka), 33AAICM2078B1ZT (Tamil Nadu).
The CIN (Corporate Identification Number) of Muthoot Pappachan Chits (India) is U65992KL2012PTC032248. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Muthoot Pappachan Chits (India) has 224 court cases on record: 219 filed by the company and 5 filed against it. 141 are pending. Most are in the district courts.
Muthoot Pappachan Chits (India) was incorporated on 26 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Muthoot Pappachan Chits (India) by revenue are Al-Najib Milli Mutual Benefits Nidhi Limited, Save Financial Managements Private Limited, Maxvalue Nidhi Limited, Srifin Credit Private Limited, Neeladri Chit Fund Pvt Ltd. and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Nina George was appointed as Director on 26 Sep 2012. Preethi John Muthoot was appointed as Director on 26 Sep 2012. Remmy Thomas was appointed as Director on 26 Sep 2012.
Muthoot Pappachan Chits (India) can be reached through the website muthootchits.com. Its registered office is in Thiruvananthapuram, Kerala, India.
The registered office of Muthoot Pappachan Chits (India) is at Muthoot Centre Tc No 142074 – 7 Punnen Road, Thiruvananthapuram, Kerala, India – 695039.