About Ramesh Chit Funds Private Limited
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Ramesh Chit Funds Private Limited is a private limited company based in Pollachi, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 23 February 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1983PTC001255. Its GSTIN is 33AABCR0288D1ZR (Tamil Nadu).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Ramaswamy Pachiappan Ramesh (Managing Director) and Ramasamy Pachiappan.
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 R P Towers 1st Floor No 88 Coimbatore Road, Pollachi, Tamil Nadu, India – 642002.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.91 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹1.74 Cr (net margin -59.6%) and EBITDA of -₹1.35 Cr (EBITDA margin -46.5%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 25% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.5 Cr and satisfied charges of ₹22.25 Lakh on record. Court records list 10 cases involving the company, including 10 filed by the company; 7 cases are 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 rpchits.com.
Company details
Contact details
Ramesh Chit Funds Private Limited's registered office is in Pollachi, Tamil Nadu. Its website is rpchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressR P Towers 1st Floor No 88 Coimbatore Road, Pollachi, Tamil Nadu, India – 642002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Ramesh Chit Funds 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 Ramesh Chit Funds 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 Ramesh Chit Funds Private Limited, buy the company report.
Financials of Ramesh Chit Funds Private Limited
FY 2025 filings availableRamesh Chit Funds Private Limited reported revenue of ₹2.91 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 4% growth in the latest year. EBITDA fell 729% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1.35 Cr | ||||
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| Net Profit (PAT) | -₹1.74 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -46.5% | ||||
| Net Profit Margin | -59.6% | ||||
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To see the full financial statements and ratios of Ramesh Chit Funds Private Limited, buy the company report.
Board of directors of Ramesh Chit Funds Private Limited
Ramesh Chit Funds has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaswamy Pachiappan Ramesh | Managing Director | 19 May 1997 | 29 Years 5 Months | Current |
| Ramasamy Pachiappan | Additional Director | 05 Oct 2017 | 9 Years 0 Months | Current |
Peer comparison
Ramesh Chit Funds Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Sai Likhith Chit Funds Private Limited | ₹3.01 Cr (FY 2025) | 68.0% | Hyderabad, Telangana, India | |||
| Chachyot Nidhi Limited | ₹2.95 Cr (FY 2025) | 196.0% | Mandi, Himachal Pradesh, India | |||
| Srivatshava Chits Private Limited | ₹2.93 Cr (FY 2025) | 13.0% | Hyderabad, Telangana, India | |||
| Monica Chits Private Limited | ₹2.93 Cr (FY 2024) | 23.0% | Bengaluru, Karnataka, India | |||
| Ramesh Chit Funds Private Limitedthis company | ₹2.91 Cr (FY 2025) | -₹1.74 Cr | -59.6% | 4.0% | 11 | Pollachi, Tamil Nadu, India |
| Yugta Federation | ₹2.89 Cr (FY 2024) | 180.0% | Navi Mumbai, Maharashtra, India | |||
| Neelchakra Chit Funds Private Limited | ₹2.85 Cr (FY 2022) | 42.0% | Secunderabad, Telangana, India | |||
| Vetha Varna Chits Private Limited | ₹2.84 Cr (FY 2024) | 27.0% | Coimbatore, Tamil Nadu, India | |||
| JMBF Kumbakonam Nidhi Limited | ₹2.83 Cr (FY 2025) | 35.0% | Kumbakonam, Tamil Nadu, India |
To see the full peer comparison of Ramesh Chit Funds Private Limited, buy the company report.
Auditor
Ramesh Chit Funds Private Limited is audited by A ARJUNARAJ AND CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A ARJUNARAJ AND CO | FY 2022 | 007341S |
Shareholding
The shareholding of Ramesh Chit Funds Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ramesh Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Dec 2022 | 100702302 | City Union Bank Limited | ₹1 Cr | Open | |
| 26 Feb 2021 | 100428030 | City Union Bank Limited | ₹40 Lakh | Open | |
| 12 Dec 2018 | 100239203 | City Union Bank Limited | ₹2 Cr | Open | |
| 28 May 2012 | 10361223 | City Union Bank Limited | ₹2 Cr | Open | |
| 16 Sep 1998 | 90327043 | City Union Bank | ₹10 Lakh | Open |
To see the full charge records of Ramesh Chit Funds Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Ramesh Chit Funds Private Limited has 10 court cases on record: 10 filed by Ramesh Chit Funds. 7 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 7 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Ramesh Chit Funds 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 Ramesh Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ramesh Chit Funds Private Limited has a workforce of 11 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Ramesh Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCR0288D1ZR | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ramesh Chit Funds Private Limited, buy the company report.
Recent activity
Ramesh Chit Funds Private Limited has 5 board changes on record since 1997: 2 appointments and 3 cessations. The latest: Sundarambal ceased to be Director on 21 Oct 2017.
8 earlier events are in the company report.
Frequently asked questions
Ramesh Chit Funds is an active private limited company based in Pollachi, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 23 February 1983 (43+ years old) and is registered under CIN U65992TZ1983PTC001255.
Ramesh Chit Funds has 2 current directors:
- Ramaswamy Pachiappan Ramesh - Managing Director
- Ramasamy Pachiappan - Additional Director
The latest financial statements of Ramesh Chit Funds 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 Ramesh Chit Funds is 33AABCR0288D1ZR, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Ramesh Chit Funds is U65992TZ1983PTC001255. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ramesh Chit Funds has 10 court cases on record: 10 filed by the company. 7 are pending.
Ramesh Chit Funds was incorporated on 23 February 1983, making it 43+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Ramesh Chit Funds by revenue are Sai Likhith Chit Funds Private Limited, Chachyot Nidhi Limited, Srivatshava Chits Private Limited, Monica Chits Private Limited, Yugta Federation and 3 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Sundarambal ceased to be Director on 21 Oct 2017. Ramasamy Pachiappan was appointed as Additional Director on 05 Oct 2017. Ramasamy Pachiappan ceased to be Managing Director on 01 Apr 2009. Ramesh Chit Funds has 5 board changes on record in total.
Ramesh Chit Funds can be reached through the website rpchits.com. Its registered office is in Pollachi, Tamil Nadu, India.
The registered office of Ramesh Chit Funds is at R P Towers 1st Floor No 88 Coimbatore Road, Pollachi, Tamil Nadu, India – 642002.