Saigeetham Chit Funds Private Limited
About Saigeetham Chit Funds Private Limited
Data last updated:
Saigeetham Chit Funds Private Limited is a private limited company based in Warangal, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 22 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74900TG2016PTC103424. Its GSTIN is 36AAWCS8582J1Z9 (Telangana).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Ashok Kumar Gajji (Managing Director) and Pitta Venkatesh.
Its last annual general meeting (AGM) was held on 27 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at H.No.11 – 14 – 83 O – City Ajmills Ground Laxmipuram, Warangal, Telangana, India – 506002.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.27 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹7.16 Lakh (net margin 5.7%) and EBITDA of ₹21.58 Lakh (EBITDA margin 17%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years.
The company has about 11 employees on its provident fund (EPFO) records.
Court records list 49 cases involving the company, including 32 filed by the company and 17 filed against it; 30 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Saigeetham Chit Funds Private Limited's registered office is in Warangal, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH.No.11 – 14 – 83 O – City Ajmills Ground Laxmipuram, Warangal, Telangana, India – 506002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Saigeetham 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 Saigeetham 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 Saigeetham Chit Funds Private Limited, buy the company report.
Financials of Saigeetham Chit Funds Private Limited
FY 2021 filings availableSaigeetham Chit Funds Private Limited reported revenue of ₹1.27 Cr (down 11% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 20% 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 | ₹21.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.16 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 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17% | ||||
| Net Profit Margin | 5.7% | ||||
| 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 Saigeetham Chit Funds Private Limited, buy the company report.
Board of directors of Saigeetham Chit Funds Private Limited
Saigeetham Chit Funds has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pitta Venkatesh | Director | 22 Feb 2016 | 10 Years 8 Months | Current |
| Ashok Kumar Gajji | Managing Director | 22 Feb 2016 | 10 Years 8 Months | Current |
| Jitendar Gajji Also directs: Saigeetham Health Club Private Limited | Additional Director | 21 Aug 2020 | 6 Years 2 Months | Current |
Peer comparison
Saigeetham Chit Funds Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Nagai Uma Chits Private Limited | ₹1.29 Cr (FY 2025) | -11.0% | N. Q.M, Tamil Nadu, India | |||
| Kirubai Chits Private Limited | ₹1.28 Cr (FY 2025) | -4.0% | Kanniyakumari, Tamil Nadu, India | |||
| Sathyaparva Chits Private Limited | ₹1.28 Cr (FY 2023) | 92.0% | Bangalore, Karnataka, India | |||
| Suvarnaindradhanu Fraternity Fund India Private Limited | ₹1.28 Cr (FY 2024) | -12.0% | Nashik, Maharashtra, India | |||
| Saidapet Saswatha Nidhi Ltd | ₹1.28 Cr (FY 2025) | 7.0% | Chennai, Tamil Nadu, India | |||
| Saigeetham Chit Funds Private Limitedthis company | ₹1.27 Cr (FY 2021) | ₹7.16 Lakh | 5.7% | -11.0% | 11 | Warangal, Telangana, India |
| Palmyrah Micro Finance | ₹1.26 Cr (FY 2025) | 7.0% | Madurai, Tamil Nadu, India | |||
| The Dharmmodyam Company | ₹1.25 Cr (FY 2025) | 6.0% | Thrissur, Kerala, India | |||
| Jeya Bharath Benefit Nidhi Limited | ₹1.25 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India | |||
| Ranm Chit Funds Private Limited | ₹1.24 Cr (FY 2024) | -6.0% | Erode, Tamil Nadu, India |
To see the full peer comparison of Saigeetham Chit Funds Private Limited, buy the company report.
Auditor
Saigeetham Chit Funds Private Limited is audited by V RAVI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V RAVI & CO | FY 2019 | 006492S |
Shareholding
The shareholding of Saigeetham Chit Funds Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Saigeetham Chit Funds Private Limited, buy the company report.
Legal cases
Saigeetham Chit Funds Private Limited has 49 court cases on record: 32 filed by Saigeetham Chit Funds, 17 filed against it. 30 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 49 | 17 | 30 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mahabubabad, Telangana | Court case (CC.NI) | Filed against the company by an individual | Pending |
| District court, Mulugu, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Warangal, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Warangal, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Warangal, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of Saigeetham 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 Saigeetham Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Saigeetham Chit Funds Private Limited has a workforce of 11 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Saigeetham Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAWCS8582J1Z9 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saigeetham Chit Funds Private Limited, buy the company report.
Recent activity
Saigeetham Chit Funds Private Limited has 7 board changes on record since 2016: 3 appointments and 4 cessations. The latest: Srinivas Gajji ceased to be Director on 26 May 2024.
Frequently asked questions
Saigeetham Chit Funds is an active private limited company based in Warangal, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 22 February 2016 (10+ years old) and is registered under CIN U74900TG2016PTC103424.
Saigeetham Chit Funds has 3 current directors:
- Ashok Kumar Gajji - Managing Director
- Pitta Venkatesh - Director
- Jitendar Gajji - Additional Director
The latest financial statements of Saigeetham Chit Funds on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 27 November 2021. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Saigeetham Chit Funds is 36AAWCS8582J1Z9, registered in Telangana.
The CIN (Corporate Identification Number) of Saigeetham Chit Funds is U74900TG2016PTC103424. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saigeetham Chit Funds has 49 court cases on record: 32 filed by the company and 17 filed against it. 30 are pending.
Saigeetham Chit Funds was incorporated on 22 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Saigeetham Chit Funds by revenue are Nagai Uma Chits Private Limited, Kirubai Chits Private Limited, Sathyaparva Chits Private Limited, Suvarnaindradhanu Fraternity Fund India Private Limited, Saidapet Saswatha Nidhi Ltd and 4 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Srinivas Gajji ceased to be Director on 26 May 2024. Gajji Krishnaveni ceased to be Director on 21 Aug 2020. Govardhan Gajji ceased to be Director on 21 Aug 2020. Saigeetham Chit Funds has 7 board changes on record in total.
The registered office of Saigeetham Chit Funds is at H.No.11 – 14 – 83 O – City Ajmills Ground Laxmipuram, Warangal, Telangana, India – 506002.
Saigeetham Chit Funds operates in the financial services industry, in the microfinance institutions segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
