Newyear Chits (Kechery) Private Limited
About Newyear Chits (Kechery) Private Limited
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Newyear Chits (Kechery) Private Limited is a private limited company based in Kechery, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 10 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2013PTC034079.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.04 Lakh. It is led by directors Mambarambil Mohanan Prasad (Managing Director) and Pandaran Ashokan Lisha.
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 D/No.14/9(I) Moosakutty Shopping Complex Op.South Indian Bank Kunnamkulam Road, Kechery, Kerala, India – 680501.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.77 Lakh, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹2.13 Lakh (net margin -120.6%) and EBITDA of -₹2.73 Lakh (EBITDA margin -154.5%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Newyear Chits (Kechery) Private Limited's registered office is in Kechery, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD/No.14/9(I) Moosakutty Shopping Complex Op.South Indian Bank Kunnamkulam Road, Kechery, Kerala, India – 680501
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Newyear Chits (Kechery) 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 Newyear Chits (Kechery) 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 Newyear Chits (Kechery) Private Limited, buy the company report.
Financials of Newyear Chits (Kechery) Private Limited
FY 2025 filings availableNewyear Chits (Kechery) Private Limited reported revenue of ₹1.77 Lakh (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over three years, including 9% growth in the latest year. EBITDA fell 18% 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 | -₹2.73 Lakh | ||||
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| Net Profit (PAT) | -₹2.13 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 | -154.5% | ||||
| Net Profit Margin | -120.6% | ||||
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To see the full financial statements and ratios of Newyear Chits (Kechery) Private Limited, buy the company report.
Board of directors of Newyear Chits (Kechery) Private Limited
Newyear Chits (Kechery) 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 |
|---|---|---|---|---|
| Mambarambil Mohanan Prasad Also directs: Newyear Producer Company Limited, Newyear Golden Tea Supplies Private Limited, Newyear Golden Tea Private Limited and 4 more | Managing Director | 10 May 2013 | 13 Years 5 Months | Current |
| Pandaran Ashokan Lisha Also directs: Newyear Producer Company Limited, Newyear Golden Tea Supplies Private Limited, Newyear Developers Private Limited and 3 more | Director | 20 Aug 2013 | 13 Years 2 Months | Current |
Peer comparison
Newyear Chits (Kechery) Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Surjaday Micro Finance Private Limited | ₹1.8 Lakh (FY 2024) | Kalna, West Bengal, India | ||||
| Sheenu Chits Private Limited | ₹1.8 Lakh (FY 2024) | -67.0% | Delhi, India | |||
| Aavyacap Micro Association | ₹1.79 Lakh (FY 2024) | 20.0% | Kothaparcha, Uttar Pradesh, India | |||
| Newyear Chits (Kechery) Private Limitedthis company | ₹1.77 Lakh (FY 2025) | -₹2.13 Lakh | -120.6% | 9.0% | Kechery, Kerala, India | |
| Lokjanani Urban Multistate Nidhi Limited | ₹1.75 Lakh (FY 2022) | 4742.0% | Pune, Maharashtra, India | |||
| Ptrajan Chits Private Limited | ₹1.75 Lakh (FY 2024) | Tiruchirappalli, Tamil Nadu, India | ||||
| Yoga Vijayam Chitfunds Private Limited | ₹1.74 Lakh (FY 2024) | -4.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Swarn Mahal Grow Nidhi Limited | ₹1.74 Lakh (FY 2022) | -11.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Newyear Chits (Kechery) Private Limited, buy the company report.
Auditor
Newyear Chits (Kechery) Private Limited is audited by HIRAN AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIRAN AND CO | FY 2023 | 013264S |
Shareholding
The shareholding of Newyear Chits (Kechery) 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 Newyear Chits (Kechery) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Newyear Chits (Kechery) 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 Newyear Chits (Kechery) 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 Newyear Chits (Kechery) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Newyear Chits (Kechery) Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Mujeeba ceased to be Director on 21 Aug 2013.
Frequently asked questions
Newyear Chits (Kechery) is an active private limited company based in Kechery, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 10 May 2013 (13+ years old) and is registered under CIN U65992KL2013PTC034079.
Newyear Chits (Kechery) has 2 current directors:
- Mambarambil Mohanan Prasad - Managing Director
- Pandaran Ashokan Lisha - Director
The latest financial statements of Newyear Chits (Kechery) 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 CIN (Corporate Identification Number) of Newyear Chits (Kechery) is U65992KL2013PTC034079. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Newyear Chits (Kechery) was incorporated on 10 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Newyear Chits (Kechery) by revenue are Surjaday Micro Finance Private Limited, Sheenu Chits Private Limited, Aavyacap Micro Association, Lokjanani Urban Multistate Nidhi Limited, Ptrajan Chits Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Mujeeba ceased to be Director on 21 Aug 2013. Pandaran Ashokan Lisha was appointed as Director on 20 Aug 2013. Mambarambil Mohanan Prasad was appointed as Managing Director on 10 May 2013.
The registered office of Newyear Chits (Kechery) is at DNo.149I Moosakutty Shopping Complex Op.South Indian Bank Kunnamkulam Road, Kechery, Kerala, India – 680501.
Newyear Chits (Kechery) operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Newyear Chits (Kechery) is compliant as of 22 July 2026. The company is actively filing with the Registrar of Companies.
Newyear Chits (Kechery) can be reached at its registered office: DNo.149I Moosakutty Shopping Complex Op.South Indian Bank Kunnamkulam Road, Kechery, Kerala, India – 680501.
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