Richplus Chits (India) Private Limited
About Richplus Chits (India) Private Limited
Data last updated:
Richplus Chits (India) Private Limited is a private limited company based in Vallithode, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 03 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2013PTC033703. Its GSTIN is 32AAGCR3655K1Z8 (Kerala).
The company has an authorised share capital of ₹13 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Abraham Rajesh (Managing Director) and Joseph Mailaykkal Mini.
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 Building No:Pp IV/46(Old No: Pp – VI – 534) Kiliyanthara P.O, Vallithode, Kerala, India – 670706.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.56 Lakh, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹3.1 Lakh (net margin 5.6%) and EBITDA of ₹4.71 Lakh (EBITDA margin 8.5%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 2% over five years.
Court records list 45 cases involving the company, including 45 filed by the company; 30 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Richplus Chits (India) Private Limited's registered office is in Vallithode, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBuilding No:Pp IV/46(Old No: Pp – VI – 534) Kiliyanthara P.O, Vallithode, Kerala, India – 670706
- IndustryFinancial Services, Financial Activities
To see the full contact details of Richplus Chits (India) 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 Richplus Chits (India) 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 Richplus Chits (India) Private Limited, buy the company report.
Financials of Richplus Chits (India) Private Limited
FY 2025 filings availableRichplus Chits (India) Private Limited reported revenue of ₹55.56 Lakh (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 19% 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 |
|---|---|---|---|---|---|
| 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 | ₹4.71 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.1 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.5% | ||||
| Net Profit Margin | 5.6% | ||||
| 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 Richplus Chits (India) Private Limited, buy the company report.
Board of directors of Richplus Chits (India) Private Limited
Richplus Chits (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joseph Mailaykkal Mini Also directs: Richplus Nidhi Limited | Director | 03 Apr 2013 | 13 Years 6 Months | Current |
| Abraham Rajesh Also directs: Richplus Nidhi Limited | Managing Director | 03 Apr 2013 | 13 Years 6 Months | Current |
Peer comparison
Richplus Chits (India) 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 |
|---|---|---|---|---|---|---|
| Purasaiwakkam Gangatheeshwarar Benefit Nidhi Limited | ₹55.62 Lakh (FY 2024) | -14.0% | Chennai, Tamil Nadu, India | |||
| Savefirst Investinsure Services Private Limited (OPC) | ₹55.61 Lakh (FY 2025) | 40.0% | Kathua, Jammu and Kashmir, India | |||
| Arasu Chit Funds Private Limited | ₹55.59 Lakh (FY 2024) | -6.0% | Tuticorin, Tamil Nadu, India | |||
| Rushabh Investments Pvt Ltd | ₹55.59 Lakh (FY 2025) | -36.0% | Kolkata, West Bengal, India | |||
| Third Wave Business Aids Pvt. Ltd. | ₹55.57 Lakh (FY 2025) | -71.0% | Kolkata, West Bengal, India | |||
| Richplus Chits (India) Private Limitedthis company | ₹55.56 Lakh (FY 2025) | ₹3.1 Lakh | 5.6% | 7.0% | Vallithode, Kerala, India | |
| Sri Sai Sannidhi Chits Private Limited | ₹55.56 Lakh (FY 2024) | -14.0% | Hyderabad, Telangana, India | |||
| Free India Dry Accumulators Ltd | ₹55.53 Lakh (FY 2025) | 69.0% | Kolkata, West Bengal, India | |||
| Har Bhagwan Chits Private Limited | ₹55.49 Lakh (FY 2025) | 30.0% | Tirupur, Tamil Nadu, India | |||
| Jap Securities Pvt. Ltd. | ₹55.46 Lakh (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Great Balaji Chit Fund Private Limited | ₹55.45 Lakh (FY 2021) | -32.0% | Faridabad, Haryana, India |
To see the full peer comparison of Richplus Chits (India) Private Limited, buy the company report.
Auditor
Richplus Chits (India) Private Limited is audited by BSJ & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSJ & ASSOCIATES | FY 2017 | 010560S |
Shareholding
The shareholding of Richplus Chits (India) 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 Richplus Chits (India) Private Limited, buy the company report.
Legal cases
Richplus Chits (India) Private Limited has 45 court cases on record: 45 filed by Richplus Chits (India). 30 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 0 | 30 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kannur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Kannur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Kannur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Kannur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Kannur, Kerala | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Richplus Chits (India) 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 Richplus Chits (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Richplus Chits (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAGCR3655K1Z8 | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Richplus Chits (India) Private Limited, buy the company report.
Recent activity
Richplus Chits (India) Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Abraham Rajesh was appointed as Managing Director on 03 Apr 2013.
Frequently asked questions
Richplus Chits (India) is an active private limited company based in Vallithode, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 03 April 2013 (13+ years old) and is registered under CIN U65992KL2013PTC033703.
Richplus Chits (India) has 2 current directors:
- Abraham Rajesh - Managing Director
- Joseph Mailaykkal Mini - Director
The latest financial statements of Richplus Chits (India) 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 Richplus Chits (India) is 32AAGCR3655K1Z8, registered in Kerala.
The CIN (Corporate Identification Number) of Richplus Chits (India) is U65992KL2013PTC033703. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Richplus Chits (India) has 45 court cases on record: 45 filed by the company. 30 are pending.
Richplus Chits (India) was incorporated on 03 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Richplus Chits (India) by revenue are Purasaiwakkam Gangatheeshwarar Benefit Nidhi Limited, Savefirst Investinsure Services Private Limited (OPC), Arasu Chit Funds Private Limited, Rushabh Investments Pvt Ltd, Third Wave Business Aids Pvt. Ltd. and 5 more, all in the same principal business activity (other financial activities).
Abraham Rajesh was appointed as Managing Director on 03 Apr 2013. Joseph Mailaykkal Mini was appointed as Director on 03 Apr 2013.
The registered office of Richplus Chits (India) is at Building No:Pp IV46Old No: Pp – VI – 534 Kiliyanthara P.O, Vallithode, Kerala, India – 670706.
Richplus Chits (India) operates in the financial services industry, in the financial activities segment.