Pravasi Benefit Fund Limited
About Pravasi Benefit Fund Limited
Data last updated:
Pravasi Benefit Fund Limited is a public limited company based in Coimbatore, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 09 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2010PLC016493.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹42 Lakh. It is led by directors including Krishnan Kuruvath Ramakrishnan and Pullutti Kuttan Jayadevan.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 322A Bairavan Plaza Pollachi Main Road Sundarapuram Gandhi Nagar, Coimbatore, Tamil Nadu, India – 641024.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.3 Lakh, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹5.89 Lakh (net margin -256%) and EBITDA of -₹4.02 Lakh (EBITDA margin -174.8%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years.
Court records list 17 cases involving the company, including 15 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Pravasi Benefit Fund Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address322A Bairavan Plaza Pollachi Main Road Sundarapuram Gandhi Nagar, Coimbatore, Tamil Nadu, India – 641024
- IndustryFinancial Services, Financial Activities
To see the full contact details of Pravasi Benefit Fund 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 Pravasi Benefit Fund 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 Pravasi Benefit Fund Limited, buy the company report.
Financials of Pravasi Benefit Fund Limited
FY 2018 filings availablePravasi Benefit Fund Limited reported revenue of ₹2.3 Lakh (down 37% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over three years, including a 37% fall in the latest year. EBITDA fell 13% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹4.02 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹5.89 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -174.8% | |||
| Net Profit Margin | -256% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Pravasi Benefit Fund Limited, buy the company report.
Board of directors of Pravasi Benefit Fund Limited
Pravasi Benefit Fund has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnan Kuruvath Ramakrishnan Also directs: Pravasi Tours and Travels Private Limited, Pravasi Syndicate Chits Private Limited, Pravasi General Trading Limited and 3 more | Director | 26 Sep 2012 | 14 Years 1 Months | Current |
| Pullutti Kuttan Jayadevan | Director | 09 Nov 2010 | 16 Years 0 Months | Current |
| Kadayanmar Velu Mohanan Also directs: Al Malabar Coconut Products Private Limited, Pravasi Homes Private Limited, Pravasi Tours and Travels Private Limited and 1 more | Director | 11 Jun 2011 | 15 Years 4 Months | Current |
| Kadayanmar Gopalan Sekharan Also directs: Al Malabar Coconut Products Private Limited, Pravasi Homes Private Limited, Pravasi Tours and Travels Private Limited and 4 more | Director | 11 Jun 2011 | 15 Years 4 Months | Current |
Peer comparison
Pravasi Benefit Fund Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Tradevest Securities Private Limited | ₹2.3 Lakh (FY 2024) | Pullampeta, Andhra Pradesh, India | ||||
| Superb Finance Pvt Ltd | ₹2.3 Lakh (FY 2022) | -67.0% | Kolkata, West Bengal, India | |||
| Goodmorning Commercials Limited | ₹2.3 Lakh (FY 2020) | -7.0% | Uttar Pradesh, India | |||
| Navatheja Chit Funds Private Limited | ₹2.3 Lakh (FY 2024) | Karimnagar, Telangana, India | ||||
| Indoreco Debt Retrievers and Inquisitors Private Limited | ₹2.3 Lakh (FY 2024) | -34.0% | Ghaziabad, Uttar Pradesh, India | |||
| Pravasi Benefit Fund Limitedthis company | ₹2.3 Lakh (FY 2018) | -₹5.89 Lakh | -256% | -37.0% | Coimbatore, Tamil Nadu, India | |
| Mesmerizing Chit Fund Private Limited | ₹2.3 Lakh (FY 2025) | -31.0% | Hyderabad, Telangana, India | |||
| Taurus Investments & Holdings Private Limited | ₹2.29 Lakh (FY 2018) | -30.0% | New Delhi, Delhi, India | |||
| Suchetna Nidhi Limited | ₹2.29 Lakh (FY 2022) | 79.0% | Moradabad, Uttar Pradesh, India | |||
| Manishaa Micro Credit Foundation | ₹2.29 Lakh (FY 2017) | Varanasi, Uttar Pradesh, India | ||||
| Santhoshi Chit Funds Private Limited | ₹2.29 Lakh (FY 2025) | -95.0% | Hdyerabad, Telangana, India |
To see the full peer comparison of Pravasi Benefit Fund Limited, buy the company report.
Auditor
Pravasi Benefit Fund Limited is audited by "KIRTHANAM", 1-E, ENARC APARTMENTS for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| "KIRTHANAM", 1-E, ENARC APARTMENTS | FY 2017 | 025143 |
Shareholding
The shareholding of Pravasi Benefit Fund 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 Pravasi Benefit Fund Limited, buy the company report.
Legal cases
Pravasi Benefit Fund Limited has 17 court cases on record: 15 filed by Pravasi Benefit Fund, 2 filed against it. 1 case is pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 2 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Pravasi Benefit Fund 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 Pravasi Benefit Fund 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 Pravasi Benefit Fund Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pravasi Benefit Fund Limited has 13 board changes on record since 2010: 4 appointments and 9 cessations. The latest: Pullutti Kuttan Jayadevan ceased to be Director on 24 Sep 2022.
4 earlier events are in the company report.
Frequently asked questions
Pravasi Benefit Fund is an active public limited company based in Coimbatore, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 09 November 2010 (16+ years old) and is registered under CIN U65992TZ2010PLC016493.
Pravasi Benefit Fund has 4 current directors:
- Krishnan Kuruvath Ramakrishnan - Director
- Pullutti Kuttan Jayadevan - Director
- Kadayanmar Velu Mohanan - Director
- Kadayanmar Gopalan Sekharan - Director
The latest financial statements of Pravasi Benefit Fund on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pravasi Benefit Fund is U65992TZ2010PLC016493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pravasi Benefit Fund has 17 court cases on record: 15 filed by the company and 2 filed against it. 1 is pending.
Pravasi Benefit Fund was incorporated on 09 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Pravasi Benefit Fund by revenue are Tradevest Securities Private Limited, Superb Finance Pvt Ltd, Goodmorning Commercials Limited, Navatheja Chit Funds Private Limited, Indoreco Debt Retrievers and Inquisitors Private Limited and 5 more, all in the same principal business activity (other financial activities).
Pullutti Kuttan Jayadevan ceased to be Director on 24 Sep 2022. Kadayanmar Gopalan Sekharan ceased to be Director on 30 Nov 2021. Balakrishnan Manhakat ceased to be Director on 15 Nov 2019. Pravasi Benefit Fund has 13 board changes on record in total.
The registered office of Pravasi Benefit Fund is at 322A Bairavan Plaza Pollachi Main Road Sundarapuram Gandhi Nagar, Coimbatore, Tamil Nadu, India – 641024.
Pravasi Benefit Fund operates in the financial services industry, in the financial activities segment.
The compliance status of Pravasi Benefit Fund is active non-compliant as of 13 July 2026. The company is actively filing with the Registrar of Companies.
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