Sai Veda Chit Fund Private Limited
About Sai Veda Chit Fund Private Limited
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Sai Veda Chit Fund Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 18 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U67100TG2020PTC141894.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Kolukulapalli (Managing Director) and Lakmala Chandra Kanth.
Its last annual general meeting (AGM) was held on 22 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at H.No.2 – 2 – 1118/1/8/A Shivam Road New Nallakunta, Hyderabad, Telangana, India – 500044.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.26 Lakh. For the same year it recorded a net loss of ₹5.55 Lakh (net margin -170.5%) and EBITDA of -₹5.27 Lakh (EBITDA margin -161.9%).
Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 5 cases are pending.
Company details
Contact details
Sai Veda Chit Fund Private Limited's registered office is in Hyderabad, Telangana.
- Registered AddressH.No.2 – 2 – 1118/1/8/A Shivam Road New Nallakunta, Hyderabad, Telangana, India – 500044
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
- 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 Sai Veda 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 Sai Veda Chit Fund Private Limited, buy the company report.
Financials of Sai Veda Chit Fund Private Limited
FY 2021 filings availableSai Veda Chit Fund Private Limited reported revenue of ₹3.26 Lakh for FY 2021.
Financial Statement Summary
| Metrics | 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 | -₹5.27 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹5.55 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 2020-21 |
|---|---|
| Profitability | |
| EBITDA Margin | -161.9% |
| Net Profit Margin | -170.5% |
| Return on Equity (ROE) | |
| Return on Capital Employed (ROCE) | |
| Return on Assets (ROA) | |
| Liquidity and Debt | |
| Current Ratio | |
| Quick Ratio | |
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| 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 Sai Veda Chit Fund Private Limited, buy the company report.
Board of directors of Sai Veda Chit Fund Private Limited
Sai Veda Chit Fund has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kolukulapalli | Managing Director | 18 Jul 2020 | 6 Years 3 Months | Current |
| Lakmala Chandra Kanth | Director | 26 Jul 2021 | 5 Years 3 Months | Current |
Peer comparison
Sai Veda 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 |
|---|---|---|---|---|---|---|
| Abi & Abi Chits Private Limited | ₹3.26 Lakh (FY 2025) | 1.0% | Thanjavur, Tamil Nadu, India | |||
| Classic Finserv Private Limited | ₹3.26 Lakh (FY 2024) | -54.0% | Ludhiana, Punjab, India | |||
| Ondipudur Permanent Chit Fund Private Limited | ₹3.26 Lakh (FY 2021) | -56.0% | Coimbatore, Tamil Nadu, India | |||
| Suryajyoti Vanijya and Viniyog Private Limited | ₹3.26 Lakh (FY 2021) | -1.0% | Kolkata, West Bengal, India | |||
| S B Nidhi Limited | ₹3.26 Lakh (FY 2022) | Faridabad, Haryana, India | ||||
| Sai Veda Chit Fund Private Limitedthis company | ₹3.26 Lakh (FY 2021) | -₹5.55 Lakh | -170.5% | Hyderabad, Telangana, India | ||
| JB Mutual Benefit Nidhi Limited | ₹3.25 Lakh (FY 2019) | Jodhpur, Rajasthan, India | ||||
| Millennium Industries Private Limited | ₹3.25 Lakh (FY 2019) | 111.0% | Kolkata, West Bengal, India | |||
| S. N. Nidhi Limited | ₹3.25 Lakh (FY 2025) | -7.0% | Chalakudy, Kerala, India | |||
| Udayvani Trexim Pvt. Ltd. | ₹3.25 Lakh (FY 2024) | -2.0% | Howrah, West Bengal, India | |||
| Dove Info Solutions Private Limited | ₹3.25 Lakh (FY 2025) | 344.0% | Bahadurgarh, Haryana, India |
To see the full peer comparison of Sai Veda Chit Fund Private Limited, buy the company report.
Legal cases
Sai Veda Chit Fund Private Limited has 9 court cases on record: 3 filed by Sai Veda Chit Fund, 6 filed against it. 5 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 6 | 5 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Appeal | Filed by the company against an individual | Pending |
| District court, Hyderabad Central, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Hyderabad Central, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Hyderabad Central, Telangana | Court case (STC - NI) | Filed against the company by an individual | Disposed |
| District court, Hyderabad Central, Telangana | Court case (STC - NI) | Filed against the company by an individual | Disposed |
To see the full case history of Sai Veda 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 Sai Veda Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Sai Veda Chit Fund Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sai Veda Chit Fund Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Gongalla Dinesh ceased to be Director on 26 Jul 2021.
Frequently asked questions
Sai Veda Chit Fund is an active private limited company based in Hyderabad, Telangana, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 18 July 2020 (6+ years old) and is registered under CIN U67100TG2020PTC141894.
Sai Veda Chit Fund has 2 current directors:
- Kolukulapalli - Managing Director
- Lakmala Chandra Kanth - Director
The latest financial statements of Sai Veda Chit Fund on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 22 November 2021. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Sai Veda Chit Fund is U67100TG2020PTC141894. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sai Veda Chit Fund has 9 court cases on record: 3 filed by the company and 6 filed against it. 5 are pending.
Sai Veda Chit Fund was incorporated on 18 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Sai Veda Chit Fund by revenue are Abi & Abi Chits Private Limited, Classic Finserv Private Limited, Ondipudur Permanent Chit Fund Private Limited, Suryajyoti Vanijya and Viniyog Private Limited, S B Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Gongalla Dinesh ceased to be Director on 26 Jul 2021. Lakmala Chandra Kanth was appointed as Director on 26 Jul 2021. Gongalla Dinesh was appointed as Director on 18 Jul 2020. Sai Veda Chit Fund has 4 board changes on record in total.
The registered office of Sai Veda Chit Fund is at H.No.2 – 2 – 111818A Shivam Road New Nallakunta, Hyderabad, Telangana, India – 500044.
Sai Veda Chit Fund operates in the financial services industry, in the auxiliary to financial intermediatory segment.
Sai Veda Chit Fund can be reached at its registered office: H.No.2 – 2 – 111818A Shivam Road New Nallakunta, Hyderabad, Telangana, India – 500044.
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