Promica Chit Fund Private Limited
About Promica Chit Fund Private Limited
Data last updated:
Promica Chit Fund Private Limited is a private limited company based in Delhi, India. It operates in the other financial holding segment of the financial services sector. It was incorporated on 05 July 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1984PTC018595. Its GSTIN is 07AAACP1404A1ZB (Delhi).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors Raj Kumar Malik and Ruby Malik.
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 Ugf – 16 Padma Tower II 22 Rajendra Place, Delhi, India – 110008.
As per the financials filed for FY 2024, the company reported a revenue of ₹35.54 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹1.87 Lakh (net margin 5.3%) and EBITDA of ₹7.85 Lakh (EBITDA margin 22.1%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 81% over five years.
As per MCA filings, the company has open charges of ₹6 Lakh and satisfied charges of ₹7.5 Lakh on record. Court records list 10 cases involving the company, including 10 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Promica Chit Fund Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUgf – 16 Padma Tower II 22 Rajendra Place, Delhi, India – 110008
- IndustryFinancial Services, Other Financial Holding, Trust, Fund
To see the full contact details of Promica Chit Fund 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 Promica Chit 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 Promica Chit Fund Private Limited, buy the company report.
Financials of Promica Chit Fund Private Limited
FY 2025 filings availablePromica Chit Fund Private Limited reported revenue of ₹35.54 Lakh (down 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 81%. EBITDA fell 29% 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 | ₹7.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.87 Lakh | ||||
| Balance Sheet | |||||
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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 | 22.1% | ||||
| Net Profit Margin | 5.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Promica Chit Fund Private Limited, buy the company report.
Board of directors of Promica Chit Fund Private Limited
Promica Chit Fund has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Malik Also directs: Premiumstar Chits Private Limited, MMK Chits Private Limited | Director | 01 May 1986 | 40 Years 6 Months | Current |
| Ruby Malik Also directs: Premiumstar Chits Private Limited | Director | 15 Jul 2002 | 24 Years 3 Months | Current |
Peer comparison
Promica Chit Fund 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 |
|---|---|---|---|---|---|---|
| Mahameruu Chit Funds Private Limited | ₹35.58 Lakh (FY 2025) | 12.0% | Coimbatore, Tamil Nadu, India | |||
| Umv Solutions India Private Limited | ₹35.57 Lakh (FY 2024) | -35.0% | Lucknow, Uttar Pradesh, India | |||
| Tea Krafts India Private Limited | ₹35.57 Lakh (FY 2025) | 1114.0% | Kolkata, West Bengal, India | |||
| Khaitan Resourses Private Limited | ₹35.57 Lakh (FY 2016) | -11.0% | Kolkata, West Bengal, India | |||
| Mago Securities Limited | ₹35.56 Lakh (FY 2016) | 41.0% | Haryana, India | |||
| Promica Chit Fund Private Limitedthis company | ₹35.54 Lakh (FY 2024) | ₹1.87 Lakh | 5.3% | -1.0% | Delhi, India | |
| Stronach Trade Pvt Ltd | ₹35.54 Lakh (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Kirti Probuild Private Limited | ₹35.53 Lakh (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Merrygold Commercial Credits Private Limited | ₹35.52 Lakh (FY 2025) | -11.0% | Uttranchal, Uttarakhand, India | |||
| Gisst Media Private Limited | ₹35.52 Lakh (FY 2024) | -35.0% | Noida, Uttar Pradesh, India | |||
| Pacy Overseas Private Limited | ₹35.52 Lakh (FY 2025) | 1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Promica Chit Fund Private Limited, buy the company report.
Auditor
Promica Chit Fund Private Limited is audited by A.SALWAN&ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.SALWAN&ASSOCIATES | FY 2017 | 004287N |
Shareholding
The shareholding of Promica Chit Fund 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 Promica Chit Fund Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2025 | 101167400 | Canara Bank | ₹6 Lakh | Open | |
| 06 Nov 2020 | 100387857 | Canara Bank | ₹7.5 Lakh | Satisfied |
To see the full charge records of Promica Chit Fund Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Promica Chit Fund Private Limited has 10 court cases on record: 10 filed by Promica Chit Fund. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, Central, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, West, Delhi | Criminal case | Filed by the company against an individual | Disposed |
| District court, West, Delhi | Criminal case | Filed by the company against an individual | Disposed |
| District court, South West, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Promica Chit Fund 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 Promica Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Promica Chit Fund has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACP1404A1ZB | Delhi | Active | 08 Mar 2019 |
To see the full GST registrations and return filing status of Promica Chit Fund Private Limited, buy the company report.
Recent activity
Promica Chit Fund Private Limited has 2 board changes on record since 1986: 2 appointments. The latest: Ruby Malik was appointed as Director on 15 Jul 2002.
Frequently asked questions
Promica Chit Fund is an active private limited company based in Delhi, India. The company works in other financial holding, within the financial services industry. It was incorporated on 05 July 1984 (42+ years old) and is registered under CIN U74899DL1984PTC018595.
Promica Chit Fund has 2 current directors:
- Raj Kumar Malik - Director
- Ruby Malik - Director
The latest financial statements of Promica Chit Fund 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 Promica Chit Fund is 07AAACP1404A1ZB, registered in Delhi.
The CIN (Corporate Identification Number) of Promica Chit Fund is U74899DL1984PTC018595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Promica Chit Fund has 10 court cases on record: 10 filed by the company.
Promica Chit Fund was incorporated on 05 July 1984, making it 42+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Promica Chit Fund by revenue are Mahameruu Chit Funds Private Limited, Umv Solutions India Private Limited, Tea Krafts India Private Limited, Khaitan Resourses Private Limited, Mago Securities Limited and 5 more, all in the same principal business activity (other financial activities).
Ruby Malik was appointed as Director on 15 Jul 2002. Raj Kumar Malik was appointed as Director on 01 May 1986.
The registered office of Promica Chit Fund is at Ugf – 16 Padma Tower II 22 Rajendra Place, Delhi, India – 110008.
Promica Chit Fund operates in the financial services industry, in the other financial holding segment.
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