Muthuvel Chits Private Limited
About Muthuvel Chits Private Limited
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Muthuvel Chits Private Limited is a private limited company based in Pollachi, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 04 July 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1994PTC005184. Its GSTIN is 33AABCM2140D1Z9 (Tamil Nadu).
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹34.95 Lakh. It is led by directors including Velusamy Karthikeyan (Managing Director) and Vishnu Indumathi Karthikeyan (Whole-Time Director).
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 9 Asd Puram Mahalingapuram (Po), Pollachi, Tamil Nadu, India – 642002.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.47 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹67.79 Lakh (net margin 19.5%) and EBITDA of ₹1.18 Cr (EBITDA margin 34%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹1.24 Cr and satisfied charges of ₹60 Lakh on record. Court records list 22 cases involving the company, including 21 filed by the company and 1 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Muthuvel Chits Private Limited's registered office is in Pollachi, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address9 Asd Puram Mahalingapuram (Po), Pollachi, Tamil Nadu, India – 642002
- IndustryFinancial Services, Financial Activities
To see the full contact details of Muthuvel 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 Muthuvel 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 Muthuvel Chits Private Limited, buy the company report.
Financials of Muthuvel Chits Private Limited
FY 2025 filings availableMuthuvel Chits Private Limited reported revenue of ₹3.47 Cr (up 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 16% growth in the latest year. EBITDA rose 35% 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 |
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| EBITDA | ₹1.18 Cr | ||||
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| Net Profit (PAT) | ₹67.79 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 34% | ||||
| Net Profit Margin | 19.5% | ||||
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To see the full financial statements and ratios of Muthuvel Chits Private Limited, buy the company report.
Board of directors of Muthuvel Chits Private Limited
Muthuvel Chits has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishnu Indumathi Karthikeyan | Whole-Time Director | 30 Mar 2015 | 11 Years 6 Months | Current |
| Karthikeyan Indumathi | Director | 04 Jul 1994 | 32 Years 3 Months | Current |
| Velusamy Karthikeyan | Managing Director | 04 Jul 1994 | 32 Years 3 Months | Current |
| Rathinasabapathy Chitradevi | Director | 30 Sep 1998 | 28 Years 0 Months | Current |
Peer comparison
Muthuvel Chits 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 |
|---|---|---|---|---|---|---|
| Arishanapally Chit Funds Private Limited | ₹3.59 Cr (FY 2024) | -19.0% | Hyderabad, Telangana, India | |||
| Sri Vembu Chits Private Limited | ₹3.54 Cr (FY 2023) | 35.0% | Chennai, Tamil Nadu, India | |||
| Sharewealth Chits Limited | ₹3.54 Cr (FY 2024) | 1.0% | Thrissur, Kerala, India | |||
| Muthuvel Chits Private Limitedthis company | ₹3.47 Cr (FY 2025) | ₹67.79 Lakh | 19.5% | 16.0% | Pollachi, Tamil Nadu, India | |
| Champion Microcredit Foundation | ₹3.45 Cr (FY 2025) | 374.0% | Aligarh, Uttar Pradesh, India | |||
| Vijaya Sarika Chit Funds Private Limited | ₹3.38 Cr (FY 2025) | 8.0% | Jagtial, Telangana, India | |||
| Sri Ram's Navodaya Chit Fund Private Limited | ₹3.37 Cr (FY 2024) | 69.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Muthuvel Chits Private Limited, buy the company report.
Auditor
Muthuvel Chits Private Limited is audited by A MOHAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A MOHAN | FY 2023 | 021320 |
Shareholding
The shareholding of Muthuvel Chits 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Muthuvel Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2024 | 101006165 | Hdfc Bank Limited | ₹70 Lakh | Open | |
| 20 Feb 2021 | 100424481 | City Union Bank Limited | ₹54 Lakh | Open | |
| 21 Jun 2001 | 80035117 | City Union Bank Limited | ₹60 Lakh | Satisfied |
To see the full charge records of Muthuvel Chits Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Muthuvel Chits Private Limited has 22 court cases on record: 21 filed by Muthuvel Chits, 1 filed against it. 8 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 1 | 8 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed by the company against M/S.Sks and Co Rep. by Its Proprietor, S.Surendar and 1 other | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Muthuvel Chits 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 Muthuvel Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Muthuvel Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCM2140D1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Muthuvel Chits Private Limited, buy the company report.
Recent activity
Muthuvel Chits Private Limited has 5 board changes on record since 1994: 4 appointments and 1 cessation. The latest: Vishnu Indumathi Karthikeyan was appointed as Whole-Time Director on 30 Mar 2015.
1 earlier event is in the company report.
Frequently asked questions
Muthuvel Chits is an active private limited company based in Pollachi, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 04 July 1994 (32+ years old) and is registered under CIN U65992TZ1994PTC005184.
Muthuvel Chits has 4 current directors:
- Velusamy Karthikeyan - Managing Director
- Vishnu Indumathi Karthikeyan - Whole-Time Director
- Karthikeyan Indumathi - Director
- Rathinasabapathy Chitradevi - Director
The latest financial statements of Muthuvel Chits 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 Muthuvel Chits is 33AABCM2140D1Z9, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Muthuvel Chits is U65992TZ1994PTC005184. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Muthuvel Chits has 22 court cases on record: 21 filed by the company and 1 filed against it. 8 are pending.
Muthuvel Chits was incorporated on 04 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Muthuvel Chits by revenue are Arishanapally Chit Funds Private Limited, Sri Vembu Chits Private Limited, Sharewealth Chits Limited, Champion Microcredit Foundation, Vijaya Sarika Chit Funds Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Vishnu Indumathi Karthikeyan was appointed as Whole-Time Director on 30 Mar 2015. Valliammal Mylsamy ceased to be Director on 12 Nov 2014. Rathinasabapathy Chitradevi was appointed as Director on 30 Sep 1998. Muthuvel Chits has 5 board changes on record in total.
The registered office of Muthuvel Chits is at 9 Asd Puram Mahalingapuram Po, Pollachi, Tamil Nadu, India – 642002.
Muthuvel Chits operates in the financial services industry, in the financial activities segment.