Selvasamy Chits Private Limited
About Selvasamy Chits Private Limited
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Selvasamy Chits Private Limited is a private limited company based in Thiruvallur, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 10 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2020PTC135709.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Palanisamy Praveen Kumar and Palanisamy Varun Kumar.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No.627/B Rajivganthy Street T.V. Puram Ponneri Taluk, Thiruvallur, Tamil Nadu, India – 601204.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.57 Lakh. For the same year it recorded a net profit of ₹1,214 (net margin 0.2%) and EBITDA of ₹30,141 (EBITDA margin 4%).
Company details
Contact details
Selvasamy Chits Private Limited's registered office is in Thiruvallur, Tamil Nadu.
- Registered AddressNo.627/B Rajivganthy Street T.V. Puram Ponneri Taluk, Thiruvallur, Tamil Nadu, India – 601204
- IndustryFinancial Services, Other Financial Intermediation
- 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 Selvasamy Chits 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 Selvasamy Chits Private Limited, buy the company report.
Financials of Selvasamy Chits Private Limited
FY 2023 filings availableSelvasamy Chits Private Limited reported revenue of ₹7.57 Lakh for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹30,141 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1,214 | ||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||
| EBITDA Margin | 4% | ||
| Net Profit Margin | 0.2% | ||
| Return on Equity (ROE) | |||
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To see the full financial statements and ratios of Selvasamy Chits Private Limited, buy the company report.
Board of directors of Selvasamy Chits Private Limited
Selvasamy Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palanisamy Praveen Kumar | Director | 10 Jun 2020 | 6 Years 4 Months | Current |
| Palanisamy Varun Kumar | Director | 10 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Selvasamy Chits Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Advita Urban Multicity Nidhi Limited | ₹7.58 Lakh (FY 2024) | -16.0% | Nanded, Maharashtra, India | |||
| Kottuvally Sanjo Kuries Private Limited | ₹7.58 Lakh (FY 2025) | 66.0% | Ernakulam, Kerala, India | |||
| Royal Chit Fund Private Limited | ₹7.58 Lakh (FY 2025) | -60.0% | Gurugram, Haryana, India | |||
| Way2wealth Distributors Private Limited | ₹7.57 Lakh (FY 2018) | -99.0% | Bangalore, Karnataka, India | |||
| Selvasamy Chits Private Limitedthis company | ₹7.57 Lakh (FY 2023) | ₹1,214 | 0.2% | Thiruvallur, Tamil Nadu, India | ||
| Delcap Investments Private Limited | ₹7.57 Lakh (FY 2024) | -74.0% | New Delhi, Delhi, India | |||
| Asian Nidhi Limited | ₹7.57 Lakh (FY 2019) | -1.0% | Perumbavoor, Kerala, India | |||
| Makven Capital Private Limited | ₹7.57 Lakh (FY 2025) | 18.0% | Bangalore, Karnataka, India | |||
| Thiru-Vi-Ka Nagar Benefit Funds Ltd. | ₹7.56 Lakh (FY 2024) | 13.0% | Kancheepuram, Tamil Nadu, India | |||
| Sahuja Chits Private Limited | ₹7.56 Lakh (FY 2024) | 50.0% | Roorkee, Uttarakhand, India |
To see the full peer comparison of Selvasamy Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Selvasamy Chits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Selvasamy Chits 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 Selvasamy Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Selvasamy Chits Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Palanisamy Praveen Kumar was appointed as Director on 10 Jun 2020.
Frequently asked questions
Selvasamy Chits is an active private limited company based in Thiruvallur, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 10 June 2020 (6+ years old) and is registered under CIN U65999TN2020PTC135709.
Selvasamy Chits has 2 current directors:
- Palanisamy Praveen Kumar - Director
- Palanisamy Varun Kumar - Director
The latest financial statements of Selvasamy Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Selvasamy Chits is U65999TN2020PTC135709. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Selvasamy Chits was incorporated on 10 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Selvasamy Chits by revenue are Advita Urban Multicity Nidhi Limited, Kottuvally Sanjo Kuries Private Limited, Royal Chit Fund Private Limited, Way2wealth Distributors Private Limited, Delcap Investments Private Limited and 4 more, all in the same principal business activity (other financial activities).
Palanisamy Praveen Kumar was appointed as Director on 10 Jun 2020. Palanisamy Varun Kumar was appointed as Director on 10 Jun 2020.
The registered office of Selvasamy Chits is at No.627B Rajivganthy Street T.V. Puram Ponneri Taluk, Thiruvallur, Tamil Nadu, India – 601204.
Selvasamy Chits operates in the financial services industry, in the other financial intermediation segment.
Selvasamy Chits can be reached at its registered office: No.627B Rajivganthy Street T.V. Puram Ponneri Taluk, Thiruvallur, Tamil Nadu, India – 601204.
Selvasamy Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Chennai.
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