About Palladam Chits Private Limited
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Palladam Chits Private Limited is a private limited company based in Palladam, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 24 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2004PTC011204. Its GSTIN is 33AADCP4402B1Z7 (Tamil Nadu).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Chinnasubbaiah Gounder Eswaramoorthi Pradeep and Palladam Chinna Subbiah Gounder Eswaramoorthi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 337/1 New Extension Street, Palladam, Tamil Nadu, India – 641664.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.2 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹5.59 Lakh (net margin 4.7%) and EBITDA of ₹29.76 Lakh (EBITDA margin 24.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹1.5 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palladamchits.com.
Company details
Contact details
Palladam Chits Private Limited's registered office is in Palladam, Tamil Nadu. Its website is palladamchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address337/1 New Extension Street, Palladam, Tamil Nadu, India – 641664
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Palladam Chits 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 Palladam Chits 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 Palladam Chits Private Limited, buy the company report.
Financials of Palladam Chits Private Limited
FY 2024 filings availablePalladam Chits Private Limited reported revenue of ₹1.2 Cr (down 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 19% fall in the latest year. EBITDA fell 25% 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 | ₹29.76 Lakh | ||||
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| Net Profit (PAT) | ₹5.59 Lakh | ||||
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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 | 24.8% | ||||
| Net Profit Margin | 4.7% | ||||
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To see the full financial statements and ratios of Palladam Chits Private Limited, buy the company report.
Board of directors of Palladam Chits Private Limited
Palladam Chits has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chinnasubbaiah Gounder Eswaramoorthi Pradeep Also directs: Pradlabs Creative (OPC) Private Limited | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Palladam Chinna Subbiah Gounder Eswaramoorthi | Director | 24 Jun 2004 | 22 Years 4 Months | Current |
| Chitra Eswaramoorthi | Director | 24 Jun 2004 | 22 Years 4 Months | Current |
Peer comparison
Palladam Chits Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| PKD Chits Private Limited | ₹1.23 Cr (FY 2025) | 26.0% | Hyderabad, Telangana, India | |||
| Karpaga Vinayagar Nidhi Limited | ₹1.21 Cr (FY 2025) | 7.0% | Thiruthuraipoondi, Tamil Nadu, India | |||
| Palladam Chits Private Limitedthis company | ₹1.2 Cr (FY 2024) | ₹5.59 Lakh | 4.7% | -19.0% | Palladam, Tamil Nadu, India | |
| Mathura Benefit Nidhi Limited | ₹1.19 Cr (FY 2024) | 21.0% | Chennai, Tamil Nadu, India | |||
| Ashrithasai Chit Fund India Private Limited | ₹1.18 Cr (FY 2024) | 20.0% | Jagtial, Telangana, India | |||
| Sri Thamburan Chit Funds Private Limited | ₹1.17 Cr (FY 2024) | 130.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Palladam Chits Private Limited, buy the company report.
Shareholding
The shareholding of Palladam Chits Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Palladam Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 May 2008 | 10164244 | City Union Bank Limited | ₹1.5 Cr | Open |
To see the full charge records of Palladam Chits Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Palladam Chits Private Limited has 5 court cases on record: 4 filed by Palladam Chits, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Tiruppur, Tamil Nadu | Execution petition | Filed by the company against Casper Exports (Firm) and 3 others | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Tiruppur, Tamil Nadu | Execution petition | Filed by the company against Casper Exports | Disposed |
To see the full case history of Palladam Chits Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palladam Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palladam Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCP4402B1Z7 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Palladam Chits Private Limited, buy the company report.
Recent activity
Palladam Chits Private Limited has 5 board changes on record since 2004: 3 appointments and 2 cessations. The latest: Chinna Subbiah Gounder Ponnammal ceased to be Director on 04 Aug 2018.
Frequently asked questions
Palladam Chits is an active private limited company based in Palladam, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 24 June 2004 (22+ years old) and is registered under CIN U65992TZ2004PTC011204.
Palladam Chits has 3 current directors:
- Chinnasubbaiah Gounder Eswaramoorthi Pradeep - Director
- Palladam Chinna Subbiah Gounder Eswaramoorthi - Director
- Chitra Eswaramoorthi - Director
The latest financial statements of Palladam Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Palladam Chits is 33AADCP4402B1Z7, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Palladam Chits is U65992TZ2004PTC011204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palladam Chits has 5 court cases on record: 4 filed by the company and 1 filed against it.
Palladam Chits was incorporated on 24 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Palladam Chits by revenue are PKD Chits Private Limited, Karpaga Vinayagar Nidhi Limited, Mathura Benefit Nidhi Limited, Ashrithasai Chit Fund India Private Limited, Sri Thamburan Chit Funds Private Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Chinna Subbiah Gounder Ponnammal ceased to be Director on 04 Aug 2018. Palani Gounder Chinna Subbiah Gounder ceased to be Director on 04 Aug 2018. Chinnasubbaiah Gounder Eswaramoorthi Pradeep was appointed as Director on 01 Jan 2016. Palladam Chits has 5 board changes on record in total.
Palladam Chits can be reached through the website palladamchits.com. Its registered office is in Palladam, Tamil Nadu, India.
The registered office of Palladam Chits is at 3371 New Extension Street, Palladam, Tamil Nadu, India – 641664.