Niya Chit Funds Private Limited
About Niya Chit Funds Private Limited
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Niya Chit Funds Private Limited is a private limited company based in Mancherial, Telangana, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 04 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65999TG2018PTC124910.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Priyanka Ileane and Raghu Ram Reddy Ileane.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Hno:1 – 18/3 – 2 Road No 4 Laxmi Nagar By Pass Road, Mancherial, Telangana, India – 504208.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.67 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹25,604 (net margin -5.5%) and EBITDA of ₹44,393 (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years.
Company details
Contact details
Niya Chit Funds Private Limited's registered office is in Mancherial, Telangana.
- Registered AddressHno:1 – 18/3 – 2 Road No 4 Laxmi Nagar By Pass Road, Mancherial, Telangana, India – 504208
- IndustryFinancial Services, Other Financial Intermediation
- 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 Niya Chit Funds 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 Niya Chit Funds Private Limited, buy the company report.
Financials of Niya Chit Funds Private Limited
FY 2023 filings availableNiya Chit Funds Private Limited reported revenue of ₹4.67 Lakh (down 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 57%. EBITDA fell 69% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹44,393 | ||||
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| Net Profit (PAT) | -₹25,604 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 9.5% | ||||
| Net Profit Margin | -5.5% | ||||
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To see the full financial statements and ratios of Niya Chit Funds Private Limited, buy the company report.
Board of directors of Niya Chit Funds Private Limited
Niya Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyanka Ileane | Director | 04 Jun 2018 | 8 Years 5 Months | Current |
| Raghu Ram Reddy Ileane | Director | 04 Jun 2018 | 8 Years 5 Months | Current |
Peer comparison
Niya Chit Funds Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| The Trading and Chit Funds Company Limited | ₹4.72 Lakh (FY 2017) | 21.0% | Ernakulam, Kerala, India | |||
| Laxmivasavi Chit Funds Private Limited | ₹4.71 Lakh (FY 2024) | -90.0% | Shadnagar, Telangana, India | |||
| Srivynika Chit Funds Private Limited | ₹4.68 Lakh (FY 2022) | 11.0% | Karimnagar, Telangana, India | |||
| Niya Chit Funds Private Limitedthis company | ₹4.67 Lakh (FY 2023) | -₹25,604 | -5.5% | -19.0% | Mancherial, Telangana, India | |
| Shri Dhanalakshmi Chit Funds (Cbe) (TN) Private Limited | ₹4.61 Lakh (FY 2022) | -68.0% | Mettupalayam, Tamil Nadu, India | |||
| Sri Lakshmi Murugan Chit Funds Private Limited | ₹4.56 Lakh (FY 2024) | 7.0% | Melagaram, Tamil Nadu, India | |||
| Shree Sairam Chit Funds (Madras) Private Limited | ₹4.51 Lakh (FY 2025) | -6.0% | Chennai, Tamil Nadu, India | |||
| Vetrivignesh Chit Funds Private Limited | ₹4.5 Lakh (FY 2022) | -30.0% | Chennai, Tamil Nadu, India | |||
| Sankarapuram Chakara Srri Chit Funds Private Limited | ₹4.49 Lakh (FY 2019) | Villupuram, Tamil Nadu, India |
To see the full peer comparison of Niya Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Niya Chit Funds 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 Niya Chit Funds 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 Niya Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Niya Chit Funds Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Priyanka Ileane was appointed as Director on 04 Jun 2018.
Frequently asked questions
Niya Chit Funds is an active private limited company based in Mancherial, Telangana, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 04 June 2018 (8+ years old) and is registered under CIN U65999TG2018PTC124910.
Niya Chit Funds has 2 current directors:
- Priyanka Ileane - Director
- Raghu Ram Reddy Ileane - Director
The latest financial statements of Niya Chit Funds on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Niya Chit Funds is U65999TG2018PTC124910. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Niya Chit Funds was incorporated on 04 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Niya Chit Funds by revenue are The Trading and Chit Funds Company Limited, Laxmivasavi Chit Funds Private Limited, Srivynika Chit Funds Private Limited, Shri Dhanalakshmi Chit Funds (Cbe) (TN) Private Limited, Sri Lakshmi Murugan Chit Funds Private Limited and 3 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Priyanka Ileane was appointed as Director on 04 Jun 2018. Raghu Ram Reddy Ileane was appointed as Director on 04 Jun 2018.
The registered office of Niya Chit Funds is at Hno:1 – 183 – 2 Road No 4 Laxmi Nagar By Pass Road, Mancherial, Telangana, India – 504208.
Niya Chit Funds operates in the financial services industry, in the other financial intermediation segment.
Niya Chit Funds can be reached at its registered office: Hno:1 – 183 – 2 Road No 4 Laxmi Nagar By Pass Road, Mancherial, Telangana, India – 504208.
Niya Chit Funds is registered under the jurisdiction of the Registrar of Companies (ROC), Hyderabad.
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