Nine Syndicate Chitfund Private Limited
About Nine Syndicate Chitfund Private Limited
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Nine Syndicate Chitfund Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 15 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2009PTC063988.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Nagaraju Dundigalla and Mahender Yadav Kanjarla.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 8 – 3 – 165/1/B/5/A Erragadda, Hyderabad, Telangana, India – 500018.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.82 Lakh, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹13,788 (net margin 3.6%) and EBITDA of ₹19,385 (EBITDA margin 5.1%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 20% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Nine Syndicate Chitfund has one previous CIN (Corporate Identification Number): U65992AP2009PTC063988. The current CIN is U65992TG2009PTC063988, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG2009PTC063988 | Current |
| U65992AP2009PTC063988 | Previous |
Contact details
Nine Syndicate Chitfund Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address8 – 3 – 165/1/B/5/A Erragadda, Hyderabad, Telangana, India – 500018
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Nine Syndicate Chitfund 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 Nine Syndicate Chitfund 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 Nine Syndicate Chitfund Private Limited, buy the company report.
Financials of Nine Syndicate Chitfund Private Limited
FY 2024 filings availableNine Syndicate Chitfund Private Limited reported revenue of ₹3.82 Lakh (down 35% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 35% fall in the latest year. EBITDA fell 64% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹19,385 | ||||
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| Net Profit (PAT) | ₹13,788 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 3.6% | ||||
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To see the full financial statements and ratios of Nine Syndicate Chitfund Private Limited, buy the company report.
Board of directors of Nine Syndicate Chitfund Private Limited
Nine Syndicate Chitfund has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagaraju Dundigalla | Director | 15 Jun 2009 | 17 Years 4 Months | Current |
| Mahender Yadav Kanjarla Also directs: Sri Kala Shanker Estates Private Limited | Director | 15 Jun 2009 | 17 Years 4 Months | Current |
Peer comparison
Nine Syndicate Chitfund Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Idhayam-G Jagath Nidhi Limited | ₹3.89 Lakh (FY 2024) | -20.0% | Virudhunagar, Tamil Nadu, India | |||
| Lifetime Chits Private Limited | ₹3.87 Lakh (FY 2022) | -24.0% | Thrissur, Kerala, India | |||
| Rajsamand Nidhi Limited | ₹3.85 Lakh (FY 2022) | -22.0% | Kankroli, Rajasthan, India | |||
| Sri Sakthikannan Chits Private Limited | ₹3.83 Lakh (FY 2025) | -5.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Nine Syndicate Chitfund Private Limitedthis company | ₹3.82 Lakh (FY 2024) | ₹13,788 | 3.6% | -35.0% | Hyderabad, Telangana, India | |
| Krishnamoney Chits Private Limited | ₹3.82 Lakh (FY 2024) | -22.0% | Kulanada, Kerala, India | |||
| BDFC First Nidhi Limited | ₹3.8 Lakh (FY 2024) | -2.0% | Northtwentyfourparganas, West Bengal, India | |||
| KD Micro Finance Private Limited | ₹3.79 Lakh (FY 2025) | 260.0% | Bhilwara, Rajasthan, India | |||
| Sri Lakshmi Jyothi Chit Funds Private Limited | ₹3.76 Lakh (FY 2024) | 10.0% | Palwancha, Telangana, India |
To see the full peer comparison of Nine Syndicate Chitfund Private Limited, buy the company report.
Auditor
Nine Syndicate Chitfund Private Limited is audited by CA V NAGA SATISH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA V NAGA SATISH | FY 2023 | 256885 |
Shareholding
The shareholding of Nine Syndicate Chitfund 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 Nine Syndicate Chitfund Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nine Syndicate Chitfund 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 Nine Syndicate Chitfund 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 Nine Syndicate Chitfund Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Nine Syndicate Chitfund Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Mahender Yadav Kanjarla was appointed as Director on 15 Jun 2009.
Frequently asked questions
Nine Syndicate Chitfund is an active private limited company based in Hyderabad, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 15 June 2009 (17+ years old) and is registered under CIN U65992TG2009PTC063988.
Nine Syndicate Chitfund has 2 current directors:
- Nagaraju Dundigalla - Director
- Mahender Yadav Kanjarla - Director
The latest financial statements of Nine Syndicate Chitfund on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Nine Syndicate Chitfund is U65992TG2009PTC063988. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nine Syndicate Chitfund was incorporated on 15 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Nine Syndicate Chitfund by revenue are Idhayam-G Jagath Nidhi Limited, Lifetime Chits Private Limited, Rajsamand Nidhi Limited, Sri Sakthikannan Chits Private Limited, Krishnamoney Chits Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Mahender Yadav Kanjarla was appointed as Director on 15 Jun 2009. Nagaraju Dundigalla was appointed as Director on 15 Jun 2009.
The registered office of Nine Syndicate Chitfund is at 8 – 3 – 1651B5A Erragadda, Hyderabad, Telangana, India – 500018.
Nine Syndicate Chitfund operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Nine Syndicate Chitfund is compliant as of 21 July 2026. The company is actively filing with the Registrar of Companies.
Nine Syndicate Chitfund can be reached at its registered office: 8 – 3 – 1651B5A Erragadda, Hyderabad, Telangana, India – 500018.