Panasuna Chits Private Limited
About Panasuna Chits Private Limited
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Panasuna Chits Private Limited is a private limited company based in Salem, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 06 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1995PTC005676. Its GSTIN is 33AABCP4589K1Z2 (Tamil Nadu).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Ramanathan Viswanathan (Managing Director) and Mohanasundaram Karthish.
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 151 A Upstairschinnakadai Street Salem, Tamil Nadu, India – 636001.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.89 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹23.03 Lakh (net margin 5.9%) and EBITDA of ₹39.78 Lakh (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹49 Lakh on record. Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Panasuna Chits Private Limited's registered office is in Salem, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address151 A Upstairschinnakadai Street Salem, Tamil Nadu, India – 636001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Panasuna 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 Panasuna 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 Panasuna Chits Private Limited, buy the company report.
Financials of Panasuna Chits Private Limited
FY 2025 filings availablePanasuna Chits Private Limited reported revenue of ₹3.89 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 18% growth in the latest year. EBITDA rose 40% 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 | ₹39.78 Lakh | ||||
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| Net Profit (PAT) | ₹23.03 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 | 10.2% | ||||
| Net Profit Margin | 5.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Panasuna Chits Private Limited, buy the company report.
Board of directors of Panasuna Chits Private Limited
Panasuna Chits has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohanasundaram Karthish | Director | 23 Mar 2018 | 8 Years 7 Months | Current |
| Ramanathan Viswanathan Also directs: Gokulanatha Hindu Mahajana School Sabha Limited | Managing Director | 06 Jan 1995 | 31 Years 9 Months | Current |
| Mohanasundaram Nirmala | Director | 06 Jan 1995 | 31 Years 9 Months | Current |
| Krishnamoorthy Karunanithy | Director | 06 Jan 1995 | 31 Years 9 Months | Current |
| Karunanithy Harish | Additional Director | 12 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Panasuna Chits Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| City Housing Nidhi Limited | ₹4.03 Cr (FY 2025) | -18.0% | Tirupur, Tamil Nadu, India | |||
| Madurai City Permanent Nidhi Limited | ₹4.02 Cr (FY 2025) | 21.0% | Madurail625, Tamil Nadu, India | |||
| Kannattu Nidhi Limited | ₹4 Cr (FY 2025) | -5.0% | Pathanamthitta, Kerala, India | |||
| SKST Chit Funds Private Limited | ₹3.99 Cr (FY 2024) | -5.0% | Coimbatore, Tamil Nadu, India | |||
| Annachi Chits Private Limited | ₹3.94 Cr (FY 2024) | 38.0% | Chennai, Tamil Nadu, India | |||
| Panasuna Chits Private Limitedthis company | ₹3.89 Cr (FY 2024) | ₹23.03 Lakh | 5.9% | 18.0% | Salem, Tamil Nadu, India | |
| Deccanbhagya Nidhi Limited | ₹3.84 Cr (FY 2025) | 2.0% | Mala, Kerala, India | |||
| Alankar Benefit Fund Nidhi Limited | ₹3.75 Cr (FY 2024) | 19.0% | Thanjavur, Tamil Nadu, India |
To see the full peer comparison of Panasuna Chits Private Limited, buy the company report.
Auditor
Panasuna Chits Private Limited is audited by N.D.PANI & D.B.R.GUPTHA for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.D.PANI & D.B.R.GUPTHA | FY 2017 | 002555S |
Shareholding
The shareholding of Panasuna Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Panasuna Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2021 | 100461876 | Others | ₹1 Cr | Open | |
| 28 Oct 2009 | 10183097 | Lakshmi Vilas Bank Limited | ₹49 Lakh | Satisfied |
To see the full charge records of Panasuna Chits Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Panasuna Chits Private Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Salem, Tamil Nadu | Court case (IP) | Filed against the company by an individual | Pending |
| District court, Tiruvannamalai, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Court case (CRP NPD) | Filed against the company by an individual | Disposed |
To see the full case history of Panasuna 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 Panasuna Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panasuna Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCP4589K1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panasuna Chits Private Limited, buy the company report.
Recent activity
Panasuna Chits Private Limited has 7 board changes on record since 1995: 5 appointments and 2 cessations. The latest: Karunanithy Harish was appointed as Additional Director on 12 Mar 2025.
3 earlier events are in the company report.
Frequently asked questions
Panasuna Chits is an active private limited company based in Salem, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 06 January 1995 (31+ years old) and is registered under CIN U65992TZ1995PTC005676.
Panasuna Chits has 5 current directors:
- Ramanathan Viswanathan - Managing Director
- Mohanasundaram Karthish - Director
- Mohanasundaram Nirmala - Director
- Krishnamoorthy Karunanithy - Director
- Karunanithy Harish - Additional Director
The latest financial statements of Panasuna Chits 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 GSTIN of Panasuna Chits is 33AABCP4589K1Z2, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Panasuna Chits is U65992TZ1995PTC005676. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panasuna Chits has 5 court cases on record: 5 filed against it. 1 is pending. Most are in the high courts.
Panasuna Chits was incorporated on 06 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Panasuna Chits by revenue are City Housing Nidhi Limited, Madurai City Permanent Nidhi Limited, Kannattu Nidhi Limited, SKST Chit Funds Private Limited, Annachi Chits Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Karunanithy Harish was appointed as Additional Director on 12 Mar 2025. Mohanasundaram Karthish was appointed as Director on 23 Mar 2018. Ramanathan Viswanathan ceased to be Director on 21 Jul 2011. Panasuna Chits has 7 board changes on record in total.
The registered office of Panasuna Chits is at 151 A Upstairschinnakadai Street Salem, Tamil Nadu, India – 636001.
Panasuna Chits operates in the financial services industry, in the financial activities segment.