Palani Chit Funds Private Limited - Company Profile

It is a financial services private limited company based in Palani, Tamil Nadu, India, established in 1958.
1958 Palani, Tamil Nadu, India Active
Last Updated:
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About Palani Chit Funds Private Limited

Palani Chit Funds Private Limited, a active private limited company, was established on 18 June 1958 in Palani, Tamil Nadu, India. Engaging in microfinance institutions within the financial and insurance service sector, it holds CIN: U65992TZ1958PTC000285. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.10 M.

It upholds a compliant status. Its leadership includes Srinivasarao Parasuraman (Director), Anandarao Prathibha (Director). Past directors included Srinivasa Rao Rukmani Ammal, Gopalakrishnan Padmanaban, Remadevi Sivaramaiyer. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 56/22, Rajaji Street Old Dharapuram Road, Palani, Tamil Nadu, 624601.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U65992TZ1958PTC000285

  • Registration Number

    000285

  • Incorporation Date

    18 June 1958

  • Authorized Capital

    ₹0.50 M

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Coimbatore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 67 Year, 8 Months
  • Last Filing with ROC 31 Mar 2025
  • Revenue Growth **** -3.88%
  • Profit Growth **** 300.00%
  • Ebitda **** -0.02%
  • Net Worth 1.36%
  • Total Assets -4.29%
Company report

Palani Chit Funds Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Palani Chit Funds Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Palani Chit Funds Private Limited?
Current Directors
Name Designation Appointment Date Status
Srinivasarao Parasuraman Director 08 Apr 1986 Current
Anandarao Prathibha Director 30 Apr 1993 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Managing Director 23 May 2013 Past
Pramod Abcsdd Director 31 Aug 2024 Past
Pramod Abcsdd Director 31 Aug 2024 Past
Pramod Abcsdd Director 31 Aug 2024 Past
Pramod Abcsdd Director 31 Aug 2024 Past

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Financial Performance of Palani Chit Funds.

Palani Chit Funds Private Limited, for the financial year ended 2020, experienced Minor drop in revenue, with a 3.88% decrease. The company also saw a substantial improvement in profitability, with a 300% increase in profit. The company's net worth moved up by a moderate rise of 1.36%.

Palani Chit Funds revenue growth over time
Palani Chit Funds profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -3.88%
*******
*******
*******
*******
Revenue from Operations
*******
 -4.14%
*******
*******
*******
*******
Total Assets
*******
 -4.29%
*******
*******
*******
*******
Profit or Loss
*******
 300.00%
*******
*******
*******
*******
Net Worth
*******
 1.36%
*******
*******
*******
*******
EBITDA
*******
 -0.02%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Palani Chit Funds?

In 2020, Palani Chit Funds had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Palani Chit Funds?

Unlock and access historical data on people associated with Palani Chit Funds, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Palani Chit Funds, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Palani Chit Funds's trajectory.

Rating
Graph displaying rating trends over time

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Alerts
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Latest Updates, News, and FAQs on Palani Chit Funds
Recent Activity within the Organization
  • Annual General Meeting

    Palani Chit Funds Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Progress on Palani Chit Funds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Coimbatore. was documented.

  • Director Appointment

    Progress on Anandarao Prathibha was appointed as a Director was appointed as a Director on 30 Apr 1993 & has been associated with this company since 32 years 10 months . was documented.

  • Director Appointment

    Progress on Srinivasarao Parasuraman was appointed as a Director was appointed as a Director on 08 Apr 1986 & has been associated with this company since 39 years 10 months . was documented.

  • Company Incorporation

    Palani Chit Funds Private Limited was registered on 18 Jun 1958 with Roc Coimbatore & aged 67 years 8 months as per MCA records. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Palani Chit Funds Private Limited?

The CIN of Palani Chit Funds Private Limited is U65992TZ1958PTC000285.

Where is Palani Chit Funds Private Limited headquartered?

Palani Chit Funds Private Limited is headquartered at 56/22, Rajaji Street Old Dharapuram Road, Palani, Tamil Nadu, 624601.

When was Palani Chit Funds Private Limited incorporated?

Palani Chit Funds Private Limited was incorporated on 18 June 1958.

Who are the current directors of Palani Chit Funds Private Limited?

The current directors of Palani Chit Funds Private Limited are

What is the primary industry of Palani Chit Funds Private Limited?

The primary industry of Palani Chit Funds Private Limited is Financial And Insurance Service.

Is Palani Chit Funds Private Limited a listed company?

Palani Chit Funds Private Limited is unlisted.

What is the capital structure of Palani Chit Funds Private Limited?

The authorized capital of Palani Chit Funds Private Limited is ₹0.50 M, and the paid-up capital is ₹0.10 M.

What is the compliance status of Palani Chit Funds Private Limited?

The compliance status of Palani Chit Funds Private Limited is Compliant.

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