About Riviresa Chit Fund Private Limited
Data last updated:
Riviresa Chit Fund Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 17 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U65992PN2006PTC021858. Its GSTIN is 27AADCR2040K1ZH (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Raghu Kadavarath Balan and Sreejithks.
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 Ag – 1 Ganesh Kinara Dapodi Pune – 411 001, Maharashtra, India – 411001.
As per the financials filed for FY 2021, the company reported a revenue of ₹31.17 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹1.16 Lakh (net margin 3.7%) and EBITDA of ₹10.35 Lakh (EBITDA margin 33.2%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹64.5 Lakh and satisfied charges of ₹24 Lakh on record. Court records list 72 cases involving the company, including 72 filed by the company; 5 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 riviresa.com.
Company details
Contact details
Riviresa Chit Fund Private Limited's registered office is in Pune, Maharashtra. Its website is riviresa.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAg – 1 Ganesh Kinara Dapodi Pune – 411 001, Maharashtra, India – 411001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Riviresa 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 Riviresa Chit Fund is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Riviresa Chit Fund Private Limited, buy the company report.
Financials of Riviresa Chit Fund Private Limited
FY 2021 filings availableRiviresa Chit Fund Private Limited reported revenue of ₹31.17 Lakh (down 46% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 46% fall in the latest year. EBITDA rose 1% 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 |
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| EBITDA | ₹10.35 Lakh | ||||
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| Net Profit (PAT) | ₹1.16 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 33.2% | ||||
| Net Profit Margin | 3.7% | ||||
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To see the full financial statements and ratios of Riviresa Chit Fund Private Limited, buy the company report.
Board of directors of Riviresa Chit Fund Private Limited
Riviresa Chit Fund 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 |
|---|---|---|---|---|
| Raghu Kadavarath Balan | Director | 17 Jan 2006 | 20 Years 9 Months | Current |
| Sreejithks | Director | 31 Jan 2017 | 9 Years 8 Months | Current |
Auditor
Riviresa Chit Fund Private Limited is audited by MILIND JHAMVAR AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MILIND JHAMVAR AND ASSOCIATES | FY 2017 | 124375W |
Shareholding
The shareholding of Riviresa Chit Fund Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Riviresa Chit Fund Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Nov 2015 | 10608970 | Corporation Bank | ₹41.5 Lakh | Open | |
| 29 Aug 2013 | 10494067 | Corporation Bank | ₹23 Lakh | Open | |
| 03 Mar 2010 | 10216079 | Punjab National Bank | ₹24 Lakh | Satisfied |
To see the full charge records of Riviresa Chit Fund Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Riviresa Chit Fund Private Limited has 72 court cases on record: 72 filed by Riviresa Chit Fund. 5 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 0 | 5 |
Cases on record (5 of 72)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Riviresa 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 Riviresa Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Riviresa Chit Fund has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR2040K1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Riviresa Chit Fund Private Limited, buy the company report.
Recent activity
Riviresa Chit Fund Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Sreejithks ceased to be Additional Director on 30 Sep 2017.
Frequently asked questions
Riviresa Chit Fund is an active private limited company based in Pune, Maharashtra, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 17 January 2006 (20+ years old) and is registered under CIN U65992PN2006PTC021858.
Riviresa Chit Fund has 2 current directors:
- Raghu Kadavarath Balan - Director
- Sreejithks - Director
The latest financial statements of Riviresa Chit Fund 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.
The GSTIN of Riviresa Chit Fund is 27AADCR2040K1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Riviresa Chit Fund is U65992PN2006PTC021858. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Riviresa Chit Fund has 72 court cases on record: 72 filed by the company. 5 are pending.
Riviresa Chit Fund was incorporated on 17 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
Sreejithks ceased to be Additional Director on 30 Sep 2017. Sharmila Balan Raghu ceased to be Director on 31 Jan 2017. Sreejithks was appointed as Director on 31 Jan 2017. Riviresa Chit Fund has 5 board changes on record in total.
Riviresa Chit Fund can be reached through the website riviresa.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Riviresa Chit Fund is at Ag – 1 Ganesh Kinara Dapodi Pune – 411 001, Maharashtra, India – 411001.
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