Sarojini Chit Funds Private Limited
About Sarojini Chit Funds Private Limited
Data last updated:
Sarojini Chit Funds Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 19 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1994PTC005346. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹12 Lakh and a paid-up capital of ₹11.5 Lakh. It is led by directors including Damodaraswamy Vivekanandan (Managing Director) and Damodaraswamy Balachandar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4/5/C Union Road49 Kavundanpalayam, Coimbatore, Tamil Nadu, India – 641030.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.23 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹9,204 (net margin -0.4%) and EBITDA of ₹8.06 Lakh (EBITDA margin 32%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹31.1 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sarojini Chit Funds Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address4/5/C Union Road49 Kavundanpalayam, Coimbatore, Tamil Nadu, India – 641030
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sarojini 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 Sarojini 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 Sarojini Chit Funds Private Limited, buy the company report.
Financials of Sarojini Chit Funds Private Limited
FY 2025 filings availableSarojini Chit Funds Private Limited reported revenue of ₹25.23 Lakh (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 8% growth in the latest year. EBITDA rose 18% 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 |
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| EBITDA | ₹8.06 Lakh | ||||
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| Net Profit (PAT) | -₹9,204 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 32% | ||||
| Net Profit Margin | -0.4% | ||||
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To see the full financial statements and ratios of Sarojini Chit Funds Private Limited, buy the company report.
Board of directors of Sarojini Chit Funds Private Limited
Sarojini Chit Funds has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Damodaraswamy Balachandar | Director | 19 Sep 1994 | 32 Years 1 Months | Current |
| Damodarasamy Sarojini | Director | 19 Sep 1994 | 32 Years 1 Months | Current |
| Damodaraswamy Vivekanandan | Managing Director | 01 Sep 2005 | 21 Years 1 Months | Current |
| Subhashini Vivekanandan Also directs: Coimbatore Kalpana Chit Funds Private Limited, Kovai Kalpana Chit Funds Private Limited, Kalpana Theatre Private Limited and 1 more | Director | 01 Nov 2019 | 6 Years 11 Months | Current |
| Thilagam Rajeshkumar Also directs: Coimbatore Kalpana Chit Funds Private Limited, Kalpana Medical Centre Private Limited, S R V E Industries Limited and 3 more | Director | 19 Sep 1994 | 32 Years 1 Months | Current |
Peer comparison
Sarojini Chit Funds Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Aajivika Micro Credit Association | ₹25.44 Lakh (FY 2019) | 296.0% | Varanasi, Uttar Pradesh, India | |||
| Ayurlekshmi Nidhi Limited | ₹25.43 Lakh (FY 2025) | 21.0% | Kollam, Kerala, India | |||
| Pokkisham Chit Fund Private Limited | ₹25.33 Lakh (FY 2018) | 4.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Sarojini Chit Funds Private Limitedthis company | ₹25.23 Lakh (FY 2025) | -₹9,204 | -0.4% | 8.0% | Coimbatore, Tamil Nadu, India | |
| KVF Nidhi Limited | ₹25.21 Lakh (FY 2025) | 76.0% | Chengannur, Kerala, India | |||
| Pooram Chits Private Limited | ₹25.11 Lakh (FY 2024) | -15.0% | Thrissur, Kerala, India | |||
| Jeevan Deep Micro Credit | ₹25.11 Lakh (FY 2025) | 1.0% | Jaunpur, Uttar Pradesh, India | |||
| KMRS Nidhi Limited | ₹25.02 Lakh (FY 2022) | 265.0% | Dhampur, Uttar Pradesh, India |
To see the full peer comparison of Sarojini Chit Funds Private Limited, buy the company report.
Auditor
Sarojini Chit Funds Private Limited is audited by VENKATESAN AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKATESAN AND ASSOCIATES | FY 2023 | 004630S |
Shareholding
The shareholding of Sarojini Chit Funds Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sarojini Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2024 | 100972608 | The South Indian Bank Limited | ₹13 Lakh | Open | |
| 19 Mar 2022 | 100558425 | The South Indian Bank Limited | ₹18.1 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Sarojini Chit Funds Private Limited has 1 court case on record: 1 filed by Sarojini Chit Funds. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Sarojini 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 Sarojini Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sarojini 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 Sarojini Chit Funds Private Limited, buy the company report.
Recent activity
Sarojini Chit Funds Private Limited has 7 board changes on record since 1994: 5 appointments and 2 cessations. The latest: Damodaraswamy Vivekanandan ceased to be Director on 01 Nov 2021.
Frequently asked questions
Sarojini Chit Funds is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 19 September 1994 (32+ years old) and is registered under CIN U65992TZ1994PTC005346.
Sarojini Chit Funds has 5 current directors:
- Damodaraswamy Vivekanandan - Managing Director
- Damodaraswamy Balachandar - Director
- Damodarasamy Sarojini - Director
- Subhashini Vivekanandan - Director
- Thilagam Rajeshkumar - Director
The latest financial statements of Sarojini Chit Funds on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
No. Sarojini Chit Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sarojini Chit Funds is U65992TZ1994PTC005346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sarojini Chit Funds has 1 court case on record: 1 filed by the company. 1 is pending.
Sarojini Chit Funds was incorporated on 19 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Sarojini Chit Funds by revenue are Aajivika Micro Credit Association, Ayurlekshmi Nidhi Limited, Pokkisham Chit Fund Private Limited, KVF Nidhi Limited, Pooram Chits Private Limited and 2 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Damodaraswamy Vivekanandan ceased to be Director on 01 Nov 2021. Subhashini Vivekanandan was appointed as Director on 01 Nov 2019. Ramasamynaidu Damodarasamynaidu ceased to be Director on 05 May 2009. Sarojini Chit Funds has 7 board changes on record in total.
The registered office of Sarojini Chit Funds is at 45C Union Road49 Kavundanpalayam, Coimbatore, Tamil Nadu, India – 641030.
Sarojini Chit Funds operates in the financial services industry, in the microfinance institutions segment.
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