Punjab Chits Private Limited
About Punjab Chits Private Limited
Data last updated:
Punjab Chits Private Limited is a private limited company based in Punjab, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 17 December 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65992PB1985PTC006580. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.5 Lakh. It is led by directors including Gaurav Mahajan and Anil Puri.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Shop No 5 Ist Floor Pandit Deen Dayal Upadhaya Market Bhandari Bridge Asr, Punjab, India.
As per the financials filed for FY 2021, the company reported a revenue of ₹25.04 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹2,238 (net margin -0.1%) and EBITDA of ₹1.1 Lakh (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 15% over five years.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Punjab Chits Private Limited's registered office is in Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No 5 Ist Floor Pandit Deen Dayal Upadhaya Market Bhandari Bridge Asr, Punjab, India
- IndustryFinancial Services, Financial Activities
To see the full contact details of Punjab 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 Punjab 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 Punjab Chits Private Limited, buy the company report.
Financials of Punjab Chits Private Limited
FY 2021 filings availablePunjab Chits Private Limited reported revenue of ₹25.04 Lakh (down 24% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA rose 258% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹1.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2,238 | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | -0.1% | ||||
| 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 Punjab Chits Private Limited, buy the company report.
Board of directors of Punjab Chits Private Limited
Punjab Chits has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Mahajan | Director | 19 Mar 2020 | 6 Years 7 Months | Current |
| Anil Puri | Director | 16 Jun 1997 | 29 Years 4 Months | Current |
| Subash Mahajan | Director | 16 Jun 1997 | 29 Years 4 Months | Current |
| Tejinder Singh Aurora | Director | 30 Jul 2005 | 21 Years 2 Months | Current |
Peer comparison
Punjab 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 |
|---|---|---|---|---|---|---|
| KNG Enterprises Private Limited | ₹25.07 Lakh (FY 2025) | -53.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Rar Fincare Limited | ₹25.05 Lakh (FY 2022) | 139.0% | Chennai, Tamil Nadu, India | |||
| Sanyog Suppliers Private Limited | ₹25.04 Lakh (FY 2025) | -59.0% | Kolkata, West Bengal, India | |||
| Narmada Financial Consultants Private Limited | ₹25.04 Lakh (FY 2025) | -5.0% | Bharuch, Gujarat, India | |||
| A S P Enterprises Private Limited | ₹25.04 Lakh (FY 2025) | 134.0% | Mumbai, Maharashtra, India | |||
| Punjab Chits Private Limitedthis company | ₹25.04 Lakh (FY 2021) | -₹2,238 | -0.1% | -24.0% | Punjab, India | |
| Sreeakshayadarani Chits Private Limited | ₹25.03 Lakh (FY 2025) | 13.0% | Hanamkonda, Telangana, India | |||
| Kanushi Chits Private Limited | ₹25.02 Lakh (FY 2024) | -31.0% | Mysore, Karnataka, India | |||
| KMRS Nidhi Limited | ₹25.02 Lakh (FY 2022) | 265.0% | Dhampur, Uttar Pradesh, India | |||
| Shrisakshi Chits Private Limited | ₹25.01 Lakh (FY 2021) | 51.0% | Belgaum, Karnataka, India | |||
| GDR Finance and Leasing Private Limited | ₹25.01 Lakh (FY 2025) | 15.0% | Delhi, India |
To see the full peer comparison of Punjab Chits Private Limited, buy the company report.
Auditor
Punjab Chits Private Limited is audited by RAJINDER MAHAJAN & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJINDER MAHAJAN & CO. | FY 2017 | 097961 |
Shareholding
The shareholding of Punjab 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 Punjab Chits Private Limited, buy the company report.
Legal cases
Punjab Chits Private Limited has 4 court cases on record: 3 filed by Punjab Chits, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Amritsar, Punjab | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Amritsar, Punjab | Court case (TAPP) | Filed against the company by an individual | Disposed |
| District court, Amritsar, Punjab | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Amritsar, Punjab | Appeal | Filed by the company against Ms. Naresh Enterprises and Anr. | Disposed |
To see the full case history of Punjab 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 Punjab Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Punjab Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Punjab Chits Private Limited, buy the company report.
Recent activity
Punjab Chits Private Limited has 6 board changes on record since 1997: 4 appointments and 2 cessations. The latest: Thakar Singh Arora ceased to be Managing Director on 26 Apr 2021.
Frequently asked questions
Punjab Chits is an active private limited company based in Punjab, India. The company works in financial activities, within the financial services industry. It was incorporated on 17 December 1985 (41+ years old) and is registered under CIN U65992PB1985PTC006580.
Punjab Chits has 4 current directors:
- Gaurav Mahajan - Director
- Anil Puri - Director
- Subash Mahajan - Director
- Tejinder Singh Aurora - Director
The latest financial statements of Punjab Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Punjab Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Punjab Chits is U65992PB1985PTC006580. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Punjab Chits has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending.
Punjab Chits was incorporated on 17 December 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Punjab Chits by revenue are KNG Enterprises Private Limited, Rar Fincare Limited, Sanyog Suppliers Private Limited, Narmada Financial Consultants Private Limited, A S P Enterprises Private Limited and 5 more, all in the same principal business activity (other financial activities).
Thakar Singh Arora ceased to be Managing Director on 26 Apr 2021. Gaurav Mahajan was appointed as Director on 19 Mar 2020. Surinder Mahajan ceased to be Director on 03 Mar 2020. Punjab Chits has 6 board changes on record in total.
The registered office of Punjab Chits is at Shop No 5 Ist Floor Pandit Deen Dayal Upadhaya Market Bhandari Bridge Asr, Punjab, India.
Punjab Chits operates in the financial services industry, in the financial activities segment.