Palani Chit Funds Private Limited
About Palani Chit Funds Private Limited
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Palani Chit Funds Private Limited is a private limited company based in Palani, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 18 June 1958 and has been in existence for over 68 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1958PTC000285.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Srinivasarao Parasuraman and Anandarao Prathibha.
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 56/22 Rajaji Street Old Dharapuram Road, Palani, Tamil Nadu, India – 624601.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.96 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹1,150 (net margin 0.2%) and EBITDA of ₹1,160 (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 12% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palani Chit Funds Private Limited's registered office is in Palani, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address56/22 Rajaji Street Old Dharapuram Road, Palani, Tamil Nadu, India – 624601
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Palani Chit Funds 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 Palani 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 Palani Chit Funds Private Limited, buy the company report.
Financials of Palani Chit Funds Private Limited
FY 2025 filings availablePalani Chit Funds Private Limited reported revenue of ₹4.96 Lakh (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 24% fall in the latest year. EBITDA rose 222% 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 | ₹1,160 | ||||
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| Net Profit (PAT) | ₹1,150 | ||||
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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 | 0.2% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Palani Chit Funds Private Limited, buy the company report.
Board of directors of Palani Chit Funds Private Limited
Palani Chit Funds has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivasarao Parasuraman | Director | 08 Apr 1986 | 40 Years 6 Months | Current |
| Anandarao Prathibha | Director | 30 Apr 1993 | 33 Years 6 Months | Current |
Peer comparison
Palani Chit Funds Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Nilackal Chit Funds Private Limited | ₹5 Lakh (FY 2023) | 43.0% | Thiruvananthapuram, Kerala, India | |||
| Khasim Khan Chit Funds Private Limited | ₹5 Lakh (FY 2024) | Kadapa, Andhra Pradesh, India | ||||
| Ankit Micro Finance | ₹4.98 Lakh (FY 2025) | 65.0% | Deoria, Uttar Pradesh, India | |||
| Visrutha Kuries Limited | ₹4.98 Lakh (FY 2021) | -51.0% | Thrissur, Kerala, India | |||
| Palani Chit Funds Private Limitedthis company | ₹4.96 Lakh (FY 2025) | ₹1,150 | 0.2% | -24.0% | Palani, Tamil Nadu, India | |
| Kingiri Sairaj Chit Fund Private Limited | ₹4.91 Lakh (FY 2025) | -68.0% | Hyderabad, Telangana, India | |||
| Newsangamss Urban Multipurpose Nidhi Limited | ₹4.9 Lakh (FY 2023) | 4091.0% | Sangli, Maharashtra, India |
To see the full peer comparison of Palani Chit Funds Private Limited, buy the company report.
Shareholding
The shareholding of Palani Chit Funds Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Palani Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Palani 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 Palani 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 Palani Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Palani Chit Funds Private Limited has 12 board changes on record since 1982: 7 appointments and 5 cessations. The latest: Anasuya Shreesha ceased to be Director on 31 Aug 2024.
3 earlier events are in the company report.
Frequently asked questions
Palani Chit Funds is an active private limited company based in Palani, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 18 June 1958 (68+ years old) and is registered under CIN U65992TZ1958PTC000285.
Palani Chit Funds has 2 current directors:
- Srinivasarao Parasuraman - Director
- Anandarao Prathibha - Director
The latest financial statements of Palani Chit Funds 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 Palani Chit Funds is U65992TZ1958PTC000285. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palani Chit Funds was incorporated on 18 June 1958, making it 68+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Palani Chit Funds by revenue are Nilackal Chit Funds Private Limited, Khasim Khan Chit Funds Private Limited, Ankit Micro Finance, Visrutha Kuries Limited, Kingiri Sairaj Chit Fund Private Limited and 1 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Anasuya Shreesha ceased to be Director on 31 Aug 2024. Gopalakrishnan Padmanaban ceased to be Director on 31 Aug 2024. Remadevi Sivaramaiyer ceased to be Director on 31 Aug 2024. Palani Chit Funds has 12 board changes on record in total.
The registered office of Palani Chit Funds is at 5622 Rajaji Street Old Dharapuram Road, Palani, Tamil Nadu, India – 624601.
Palani Chit Funds operates in the financial services industry, in the microfinance institutions segment.
The compliance status of Palani Chit Funds is compliant as of 29 July 2026. The company is actively filing with the Registrar of Companies.
Palani Chit Funds can be reached at its registered office: 5622 Rajaji Street Old Dharapuram Road, Palani, Tamil Nadu, India – 624601.
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