Shirdi Sai Chit Funds Private Limited
About Shirdi Sai Chit Funds Private Limited
Data last updated:
Shirdi Sai Chit Funds Private Limited was a private limited company based in Suryapet, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the chit fund and microfinance segment of the financial services sector. It was incorporated on 13 October 2004.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2004PTC044407.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Ramesh Miryala (Managing Director) and Miryala Padmavathi.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 1 – 2 – 270/47/8 Iind Floor Sri Sai Complex M.G.Road, Suryapet, Telangana, India – 508213.
As per the financials filed for FY 2018, the company reported a revenue of ₹5.83 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹64,337 (net margin -11%) and EBITDA of -₹41,080 (EBITDA margin -7.1%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
Court records list 2 cases involving the company, including 2 filed by the company.
Company details
CIN history
Shirdi Sai Chit Funds has one previous CIN (Corporate Identification Number): U65992AP2004PTC044407. The current CIN is U65992TG2004PTC044407, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG2004PTC044407 | Current |
| U65992AP2004PTC044407 | Previous |
Contact details
Shirdi Sai Chit Funds Private Limited's registered office is in Suryapet, Telangana.
- Registered Address1 – 2 – 270/47/8 Iind Floor Sri Sai Complex M.G.Road, Suryapet, Telangana, India – 508213
- IndustryFinancial Services, Kuri Companies, Chit Fund, 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 Shirdi Sai 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 Shirdi Sai Chit Funds Private Limited, buy the company report.
Financials of Shirdi Sai Chit Funds Private Limited
FY 2018 filings availableShirdi Sai Chit Funds Private Limited reported revenue of ₹5.83 Lakh (down 30% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over three years, including a 30% fall in the latest year. EBITDA rose 69% 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 |
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| EBITDA | -₹41,080 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹64,337 | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -7.1% | |||
| Net Profit Margin | -11% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Shirdi Sai Chit Funds Private Limited, buy the company report.
Board of directors of Shirdi Sai Chit Funds Private Limited
Shirdi Sai Chit Funds has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swarajyalaxmi Belde | Additional Director | 20 Dec 2010 | 15 Years 10 Months | As last reported |
| Peddireddy Barathi | Additional Director | 20 Dec 2010 | 15 Years 10 Months | As last reported |
| Ramesh Miryala | Managing Director | 13 Oct 2004 | 22 Years 0 Months | As last reported |
| Miryala Padmavathi | Director | 13 Oct 2004 | 22 Years 0 Months | As last reported |
Peer comparison
Shirdi Sai Chit Funds Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Tirupur Lakshmi Vilas Chit Funds Private Limited | ₹5.93 Lakh (FY 2025) | 5.0% | Coimbatore, Tamil Nadu, India | |||
| Vasavi Palamoor Chit Funds Private Limited | ₹5.93 Lakh (FY 2024) | 26.0% | Mahabubnagar, Telangana, India | |||
| Theni Sri Veerapandi Amman Chit Funds Private Limited | ₹5.9 Lakh (FY 2019) | -13.0% | Madurai Dt, Tamil Nadu, India | |||
| Shirdi Sai Chit Funds Private Limitedthis company | ₹5.83 Lakh (FY 2018) | -₹64,337 | -11% | -30.0% | Suryapet, Telangana, India | |
| Vijayeebhava Chit Funds Private Limited | ₹5.76 Lakh (FY 2024) | 286.0% | Hanamkonda, Telangana, India | |||
| Akshamala Chit Funds Private Limited | ₹5.66 Lakh (FY 2019) | 139.0% | Mahabubabad, Telangana, India | |||
| M.M. Rasi Chit Funds (Pattukottai) Private Limited | ₹5.62 Lakh (FY 2024) | 8.0% | Pattukottai, Tamil Nadu, India | |||
| Madhura Meenakshi Chit Funds Private Limited | ₹5.59 Lakh (FY 2019) | -8.0% | Jangaon, Telangana, India |
To see the full peer comparison of Shirdi Sai Chit Funds Private Limited, buy the company report.
Legal cases
Shirdi Sai Chit Funds Private Limited has 2 court cases on record: 2 filed by Shirdi Sai Chit Funds. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Suryapet, Telangana | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Suryapet, Telangana | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Shirdi Sai 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 Shirdi Sai Chit Funds 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 Shirdi Sai Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Shirdi Sai Chit Funds Private Limited has 8 board changes on record since 2004: 4 appointments and 4 cessations. The latest: Bhanotu Saroja ceased to be Additional Director on 20 Dec 2010.
Frequently asked questions
Shirdi Sai Chit Funds has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Shirdi Sai Chit Funds was a private limited company based in Suryapet, Telangana, India. The company worked in kuri companies, within the financial services industry. It was incorporated on 13 October 2004 and is registered under CIN U65992TG2004PTC044407. The company has been struck off by the Registrar of Companies and is no longer operational.
Shirdi Sai Chit Funds had 4 directors:
- Ramesh Miryala - Managing Director
- Swarajyalaxmi Belde - Additional Director
- Peddireddy Barathi - Additional Director
- Miryala Padmavathi - Director
The CIN (Corporate Identification Number) of Shirdi Sai Chit Funds is U65992TG2004PTC044407. 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 Shirdi Sai Chit Funds is at 1 – 2 – 270478 Iind Floor Sri Sai Complex M.G.Road, Suryapet, Telangana, India – 508213.
Shirdi Sai Chit Funds was incorporated on 13 October 2004. It is registered with the Registrar of Companies, Hyderabad.
The latest financial statements of Shirdi Sai Chit Funds on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
Shirdi Sai Chit Funds operated in the financial services industry, in the kuri companies segment. It worked in this industry before it was struck off.
The peers of Shirdi Sai Chit Funds by revenue are Tirupur Lakshmi Vilas Chit Funds Private Limited, Vasavi Palamoor Chit Funds Private Limited, Theni Sri Veerapandi Amman Chit Funds Private Limited, Vijayeebhava Chit Funds Private Limited, Akshamala Chit Funds Private Limited and 2 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Shirdi Sai Chit Funds has 2 court cases on record: 2 filed by the company.
Bhanotu Saroja ceased to be Additional Director on 20 Dec 2010. Cheedalla Anasuya ceased to be Additional Director on 20 Dec 2010. Peddireddy Barathi was appointed as Additional Director on 20 Dec 2010. Shirdi Sai Chit Funds has 8 board changes on record in total.
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