Sangamam Chit Funds Private Limited
About Sangamam Chit Funds Private Limited
Data last updated:
Sangamam Chit Funds Private Limited was a private limited company based in Tiruchirappalli, Tamil Nadu, India. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the microfinance institutions segment of the financial services sector. It was incorporated on 10 October 2011.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2011PTC082654. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It was led by directors Parthiban (Whole-Time Director) and Suganthadhevi Vedachalam.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 19/1 First Floor Kingston Park Puthur High Road Ramalinga Nagar, Tiruchirappalli, Tamil Nadu, India – 620017.
As per the financials filed for FY 2018, the company reported a revenue of ₹1.43 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹8.27 Lakh (net margin -5.8%) and EBITDA of -₹1.38 Lakh (EBITDA margin -1%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years.
The company had about 27 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 13 cases involving the company, including 12 filed by the company and 1 filed against it.
Company details
Contact details
Sangamam Chit Funds Private Limited's registered office is in Tiruchirappalli, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address19/1 First Floor Kingston Park Puthur High Road Ramalinga Nagar, Tiruchirappalli, Tamil Nadu, India – 620017
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sangamam 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 Sangamam 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 Sangamam Chit Funds Private Limited, buy the company report.
Financials of Sangamam Chit Funds Private Limited
FY 2018 filings availableSangamam Chit Funds Private Limited reported revenue of ₹1.43 Cr (down 19% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 40%. EBITDA fell 124% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹1.43 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.38 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹8.27 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -1% | |||
| Net Profit Margin | -5.8% | |||
| 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 Sangamam Chit Funds Private Limited, buy the company report.
Board of directors of Sangamam Chit Funds Private Limited
Sangamam Chit Funds has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suganthadhevi Vedachalam Also directs: Sangamam Benefit Fund Limited | Additional Director | 05 Nov 2014 | 11 Years 11 Months | As last reported |
| Parthiban Also directs: Sangamam Benefit Fund Limited | Whole-Time Director | 10 Oct 2011 | 15 Years 0 Months | As last reported |
Peer comparison
Sangamam Chit Funds Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Gowrinath Chits Private Limited | ₹1.45 Cr (FY 2021) | -34.0% | Bangalre, Karnataka, India | |||
| BBC Chit Fund Pvt Ltd | ₹1.44 Cr (FY 2024) | 9.0% | New Delhi, Delhi, India | |||
| Mangalmay Micro Finance | ₹1.43 Cr (FY 2025) | 45.0% | Rampurwa, Bihar, India | |||
| Sangamam Chit Funds Private Limitedthis company | ₹1.43 Cr (FY 2018) | -₹8.27 Lakh | -5.8% | -19.0% | 27 | Tiruchirappalli, Tamil Nadu, India |
| Sadhika Chit Funds Private Limited | ₹1.43 Cr (FY 2023) | -11.0% | Warangal, Telangana, India | |||
| Viswak Chitfunds Private Limited | ₹1.42 Cr (FY 2025) | 82.0% | Tirupur, Tamil Nadu, India | |||
| Edakkalathur Chitties and Loans Private Limited | ₹1.4 Cr (FY 2022) | -32.0% | Thrissur, Kerala, India |
To see the full peer comparison of Sangamam Chit Funds Private Limited, buy the company report.
Auditor
Sangamam Chit Funds Private Limited is audited by V R U K S H A & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V R U K S H A & CO | FY 2018 | 007238S |
Shareholding
The shareholding of Sangamam Chit Funds Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sangamam Chit Funds Private Limited, buy the company report.
Legal cases
Sangamam Chit Funds Private Limited has 13 court cases on record: 12 filed by Sangamam Chit Funds, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Court case (MA(IBC)) | Filed against the company by an individual | Disposed |
| District court, Tiruchirappalli, Tamil Nadu | Execution petition | Filed by the company against individuals | Disposed |
| District court, Tiruchirappalli, Tamil Nadu | Execution petition | Filed by the company against individuals | Disposed |
| District court, Karur, Tamil Nadu | Execution petition | Filed by the company against an individual | Disposed |
| District court, Tiruchirappalli, Tamil Nadu | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Sangamam 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 Sangamam Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sangamam Chit Funds Private Limited has a workforce of 27 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Sangamam Chit Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sangamam Chit Funds Private Limited, buy the company report.
Recent activity
Sangamam Chit Funds Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Hariharan Ravi ceased to be Additional Director on 05 Nov 2014.
Frequently asked questions
Sangamam Chit Funds has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Sangamam Chit Funds was a private limited company based in Tiruchirappalli, Tamil Nadu, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 10 October 2011 and is registered under CIN U65992TN2011PTC082654. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
Sangamam Chit Funds was incorporated on 10 October 2011. It is registered with the Registrar of Companies, Chennai.
Sangamam Chit Funds had 2 directors:
- Parthiban - Whole-Time Director
- Suganthadhevi Vedachalam - Additional Director
The CIN (Corporate Identification Number) of Sangamam Chit Funds is U65992TN2011PTC082654. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sangamam Chit Funds is at 191 First Floor Kingston Park Puthur High Road Ramalinga Nagar, Tiruchirappalli, Tamil Nadu, India – 620017.
The latest financial statements of Sangamam Chit Funds on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Sangamam Chit Funds has 1 GST registration on record and it is cancelled or inactive.
Sangamam Chit Funds operated in the financial services industry, in the microfinance institutions segment.
The peers of Sangamam Chit Funds by revenue are Gowrinath Chits Private Limited, BBC Chit Fund Pvt Ltd, Mangalmay Micro Finance, Sadhika Chit Funds Private Limited, Viswak Chitfunds Private Limited and 1 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Sangamam Chit Funds has 13 court cases on record: 12 filed by the company and 1 filed against it. Most are in the district courts.
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