About Pravasi Syndicate Chits Private Limited
Data last updated:
Pravasi Syndicate Chits Private Limited is a private limited company based in Thrissur, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 30 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2012PTC031320. Its GSTIN is 32AAGCP7256A1ZQ (Kerala).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Pravasi Syndicate Private Limited. It is led by directors including Krishnan Kuruvath Ramakrishnan and Pullutti Kuttan Jayadevan.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at NH – 17 Karthika Apartment Engandiyur Post, Thrissur, Kerala, India – 680615.
As per the financials filed for FY 2019, the company reported a revenue of ₹62.8 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.97 Lakh (net margin 6.3%) and EBITDA of ₹13.18 Lakh (EBITDA margin 21%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company has about 11 employees on its provident fund (EPFO) records.
Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pravasigroup.com.
Company details
Contact details
Pravasi Syndicate Chits Private Limited's registered office is in Thrissur, Kerala. Its website is pravasigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNH – 17 Karthika Apartment Engandiyur Post, Thrissur, Kerala, India – 680615
- IndustryFinancial Services, Financial Activities
To see the full contact details of Pravasi Syndicate 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 Pravasi Syndicate 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 Pravasi Syndicate Chits Private Limited, buy the company report.
Financials of Pravasi Syndicate Chits Private Limited
FY 2019 filings availablePravasi Syndicate Chits Private Limited reported revenue of ₹62.8 Lakh (down 25% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 34% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹62.8 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.97 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21% | ||||
| Net Profit Margin | 6.3% | ||||
| 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 Syndicate Chits Private Limited, buy the company report.
Board of directors of Pravasi Syndicate Chits Private Limited
Pravasi Syndicate Chits has 5 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 Benefit Fund Limited, Pravasi General Trading Limited and 3 more | Director | 30 May 2012 | 14 Years 5 Months | Current |
| Pullutti Kuttan Jayadevan | Director | 24 Nov 2012 | 13 Years 11 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 | 30 May 2012 | 14 Years 5 Months | Current |
| Thekkepanakkal Kutty Arjunan | Director | 24 Nov 2012 | 13 Years 11 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 | 30 May 2012 | 14 Years 5 Months | Current |
Peer comparison
Pravasi Syndicate Chits Private 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 |
|---|---|---|---|---|---|---|
| Mithram India Nidhi Limited | ₹62.86 Lakh (FY 2024) | 5.0% | Sulthan Bathery, Kerala, India | |||
| Namaami Chits Private Limited | ₹62.84 Lakh (FY 2025) | 58.0% | Brahmavar, Karnataka, India | |||
| Crest Valuation Services Private Limited | ₹62.84 Lakh (FY 2022) | New Delhi, Delhi, India | ||||
| NDK Services Private Limited | ₹62.83 Lakh (FY 2025) | -14.0% | New Delhi, Delhi, India | |||
| Imfast Finfotech Private Limited | ₹62.82 Lakh (FY 2025) | 286.0% | Bangalore, Karnataka, India | |||
| Pravasi Syndicate Chits Private Limitedthis company | ₹62.8 Lakh (FY 2019) | ₹3.97 Lakh | 6.3% | -25.0% | 11 | Thrissur, Kerala, India |
| J J Finance Corporation Ltd | ₹62.79 Lakh (FY 2019) | -46.0% | Kolkata, West Bengal, India | |||
| BCM Nidhi Limited | ₹62.78 Lakh (FY 2025) | -37.0% | Pali, Rajasthan, India | |||
| Brajbahu Services Private Limited | ₹62.7 Lakh (FY 2025) | 9.0% | Patna, Bihar, India | |||
| Dev Bhumi Kissan Vikas Nidhi Limited | ₹62.69 Lakh (FY 2023) | 40.0% | Dehradun, Uttarakhand, India | |||
| Manpasand Tie Up Private Limited | ₹62.67 Lakh (FY 2025) | -42.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Pravasi Syndicate Chits Private Limited, buy the company report.
Auditor
Pravasi Syndicate Chits Private Limited is audited by Padmanabhan & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Padmanabhan & Associates | FY 2017 | 011342S |
Shareholding
The shareholding of Pravasi Syndicate 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 Pravasi Syndicate Chits Private Limited, buy the company report.
Legal cases
Pravasi Syndicate Chits Private Limited has 10 court cases on record: 6 filed by Pravasi Syndicate Chits, 4 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 4 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Commercial suit | Filed against the company by South Indian Bank Ltd Thriprayar Branch Rep by Its Manager | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Pending |
| District court, Thrissur, Kerala | Appeal | Filed against the company by an individual | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Pravasi Syndicate 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 Pravasi Syndicate Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pravasi Syndicate Chits Private Limited has a workforce of 11 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Pravasi Syndicate Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAGCP7256A1ZQ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pravasi Syndicate Chits Private Limited, buy the company report.
Recent activity
Pravasi Syndicate Chits Private Limited has 14 board changes on record since 2012: 5 appointments and 9 cessations. The latest: Pullutti Kuttan Jayadevan ceased to be Director on 24 Sep 2022.
5 earlier events are in the company report.
Frequently asked questions
Pravasi Syndicate Chits is an active private limited company based in Thrissur, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 30 May 2012 (14+ years old) and is registered under CIN U65992KL2012PTC031320.
Pravasi Syndicate Chits has 5 current directors:
- Krishnan Kuruvath Ramakrishnan - Director
- Pullutti Kuttan Jayadevan - Director
- Kadayanmar Velu Mohanan - Director
- Thekkepanakkal Kutty Arjunan - Director
- Kadayanmar Gopalan Sekharan - Director
The latest financial statements of Pravasi Syndicate Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Pravasi Syndicate Chits is 32AAGCP7256A1ZQ, registered in Kerala.
The CIN (Corporate Identification Number) of Pravasi Syndicate Chits is U65992KL2012PTC031320. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pravasi Syndicate Chits has 10 court cases on record: 6 filed by the company and 4 filed against it. 1 is pending.
Pravasi Syndicate Chits was incorporated on 30 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Pravasi Syndicate Chits by revenue are Mithram India Nidhi Limited, Namaami Chits Private Limited, Crest Valuation Services Private Limited, NDK Services Private Limited, Imfast Finfotech 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. Thekkepanakkal Kutty Arjunan ceased to be Director on 11 Jul 2022. Kadayanmar Gopalan Sekharan ceased to be Director on 30 Nov 2021. Pravasi Syndicate Chits has 14 board changes on record in total.
Pravasi Syndicate Chits can be reached through the website pravasigroup.com. Its registered office is in Thrissur, Kerala, India.
The registered office of Pravasi Syndicate Chits is at NH – 17 Karthika Apartment Engandiyur Post, Thrissur, Kerala, India – 680615.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
