About Shriram Chits (India) Private Limited
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Shriram Chits (India) Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 09 January 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN1990PTC143337. Its GSTIN is 33AACCS2078R1ZW (Tamil Nadu). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹32.36 Cr. It was formerly known as Shriram Chits (Karnataka) Private Limited. It is led by directors including Karanam Rama Chandra Sekhar and Anbuselvam Balakrishnan.
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 No.123 Angappa Naicken Street, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2025, the company reported a revenue of ₹455.5 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹69.89 Cr (net margin 15.3%) and EBITDA of ₹113.19 Cr (EBITDA margin 24.8%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 5% over five years.
The company has about 2,907 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Shriram Chits and Shriram Chits. As per MCA filings, the company has open charges of ₹55.12 Lakh and satisfied charges of ₹36 Cr on record. Court records list 12,089 cases involving the company, including 11,947 filed by the company and 145 filed against it; 5,163 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹28.36 Cr; the latest was in March 2024. Its 10 peer companies in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities) are compared by revenue, 5 larger and 5 smaller; the largest is BSS Sonata Microcredit Limited with revenue of ₹847.03 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shriramchits.in.
Company details
Name history
Shriram Chits (India) has undergone 2 name changes throughout its history. The company was previously known as Shriram Chits (India) Private Limited, and Shriram Chits (Karnataka) Private Limited. The current legal name is Shriram Chits (India) Private Limited.
| Company Name | Status |
|---|---|
| Shriram Chits (India) Private Limited | Current |
| Shriram Chits (Karnataka) Private Limited | Previous |
CIN history
Shriram Chits (India) has one previous CIN (Corporate Identification Number): U65992KA1990PTC010662. The current CIN is U65992TN1990PTC143337, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TN1990PTC143337 | Current |
| U65992KA1990PTC010662 | Previous |
Contact details
Shriram Chits (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its website is shriramchits.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressNo.123 Angappa Naicken Street, Chennai, Tamil Nadu, India – 600001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Shriram Chits (India) 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
Brands
Shriram Chits (India) operates two associated brands: Shriram Chits and Shriram Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chit fund investments are facilitated through an online platform. | shriramchits.com | |
| Financial services focused on chit funds are provided in India. | shriramchits.in |
Business activity
The main business activity of Shriram Chits (India) 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 Shriram Chits (India) Private Limited, buy the company report.
Financials of Shriram Chits (India) Private Limited
FY 2025 filings availableShriram Chits (India) Private Limited reported revenue of ₹455.5 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 2% 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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| Total Expenses | |||||
| EBITDA | ₹113.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.89 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.8% | ||||
| Net Profit Margin | 15.3% | ||||
| Return on Equity (ROE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Shriram Chits (India) Private Limited, buy the company report.
Board of directors of Shriram Chits (India) Private Limited
Shriram Chits (India) has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karanam Rama Chandra Sekhar | Director | 30 Dec 2014 | 11 Years 10 Months | Current |
| Anbuselvam Balakrishnan | Director | 09 Sep 2020 | 6 Years 1 Months | Current |
| Gouse Mohiddin Jilani | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
| Ramasubramanian Chandrasekar | Director | 31 Mar 1998 | 28 Years 7 Months | Current |
| Ronald Dsouza Also directs: Shriram Indus Stocks Limited | Director | 15 May 2002 | 24 Years 5 Months | Current |
| Srinivas Kollapudi | Director | 15 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Shriram Chits (India) Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| BSS Sonata Microcredit Limited | ₹847.03 Cr (FY 2025) | -14.0% | Bangalore, Karnataka, India | |||
| Margadarsi Chit Fund Private Limited | ₹816.05 Cr (FY 2024) | 3.0% | Hyderabad, Telangana, India | |||
| Sree Gokulam Chit & Finance Co Private Limited | ₹646.35 Cr (FY 2022) | 2.0% | Chennai, Tamil Nadu, India | |||
| Equitas Micro Finance Limited | ₹606.43 Cr (FY 2016) | 38.0% | Chennai, Tamil Nadu, India | |||
| Cashpor Micro Credit | ₹546.96 Cr (FY 2022) | 28.0% | Varanasi, Uttar Pradesh, India | |||
| Shriram Chits (India) Private Limitedthis company | ₹455.5 Cr (FY 2025) | ₹69.89 Cr | 15.3% | -2.0% | 2,907 | Chennai, Tamil Nadu, India |
| New Opportunity Consultancy Private Limited | ₹286.44 Cr (FY 2025) | 3.0% | Navi Mumbai, Maharashtra, India | |||
| Kapil Chits (Hyderabad) Private Limited | ₹244.22 Cr (FY 2025) | 33.0% | Hyderabad, Telangana, India | |||
| Shriram Chits Pvt Ltd | ₹191.24 Cr (FY 2020) | -24.0% | Telangana, India | |||
| Margadarsi Chits (Karnataka) Private Limited | ₹176.98 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India | |||
| Repco Micro Finance Limited | ₹162.49 Cr (FY 2022) | -8.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Shriram Chits (India) Private Limited, buy the company report.
Auditor
Shriram Chits (India) Private Limited is audited by K.S.KALYANASUNDARAM & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.S.KALYANASUNDARAM & Co | FY 2022 | 010374S |
Shareholding
The shareholding of Shriram Chits (India) 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 Shriram Chits (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2013 | 10409829 | City Union Bank Limited | ₹55.12 Lakh | Open | |
| 25 Apr 2020 | 100355933 | Others | ₹3 Cr | Satisfied | |
| 11 Dec 2009 | 10193960 | State Bank of Patiala | ₹22 Cr | Satisfied | |
| 06 Mar 2009 | 10149570 | City Union Bank Limited | ₹6 Cr | Satisfied | |
| 25 Mar 2004 | 90192816 | City Union Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Shriram Chits (India) Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Shriram Chits (India) Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹28.36 Cr; the latest was in March 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Shriram Ownership Trust & R Raghavon Seller: Shriram Ownership Trust & S P Raghunathan |
| Mar 2021 | Funding round | ₹28.36 Cr | Investors: Shriram Ownership Trust, Shriram Ownership Trust & S P Raghunathan, Shriram Ownership Trust & M Krishnamurthy |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Shriram Ownership Trust Seller: Shriram Capital Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Shriram Capital Limited , Shriram Ownership Trust Seller: Pallavi Finance & Investment Firm, an individual |
| Dec 2007 | Secondary share transfer | Undisclosed | Buyer: Shriram Ownership Trust Seller: Shri Ram Financial Services Holdings Private Llimited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shriram Chits (India) Private Limited has 12,089 court cases on record: 11,947 filed by Shriram Chits (India), 145 filed against it. 5,163 cases are pending and 6,926 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11,914 | 39 | 5,082 |
| High courts | 170 | 105 | 81 |
| Supreme Court | 4 | 1 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 12,089)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (Cri.Appeal) | Filed against the company by an individual | Pending |
| District court, Mayiladuthurai, Tamil Nadu | Execution petition | Filed against the company | Pending |
| High Court for State of Telangana | Writ petition | Filed against the company | Pending |
| District court, Kadapa, Andhra Pradesh | Court case (MVOP) | Filed against the company | Pending |
| District court, Nagpur, Maharashtra | Court case (Civil M.A.) | Filed against the company by an individual | Pending |
To see the full case history of Shriram Chits (India) 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 Shriram Chits (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shriram Chits (India) Private Limited has a workforce of 2,907 employees on its EPFO records as of Apr 03, 2024, across 3 active EPFO establishments.
GST
Shriram Chits (India) has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCS2078R1ZW | Tamil Nadu | Active | 20 Jul 2021 |
| 29AACCS2078R1ZL | Karnataka | Active | 01 Jul 2017 |
| 36AACCS2078R1ZQ | Telangana | Active | 09 Aug 2021 |
| 27AACCS2078R1ZP | Maharashtra | Active | 06 Sep 2021 |
To see the full GST registrations and return filing status of Shriram Chits (India) Private Limited, buy the company report.
Recent activity
Shriram Chits (India) Private Limited has 13 board changes on record since 1998: 7 appointments and 6 cessations. The latest: Gouse Mohiddin Jilani ceased to be Additional Director on 30 Nov 2021.
24 earlier events are in the company report.
News
Frequently asked questions
Shriram Chits (India) is an active private limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 09 January 1990 (36+ years old) and is registered under CIN U65992TN1990PTC143337.
Shriram Chits (India) has 7 current directors:
- Karanam Rama Chandra Sekhar - Director
- Anbuselvam Balakrishnan - Director
- Gouse Mohiddin Jilani - Director
- Ramasubramanian Chandrasekar - Director
- Ronald Dsouza - Director
- Srinivas Kollapudi - Director
- Srinivasa Chakravarthy Yalamati - Director
The latest financial statements of Shriram Chits (India) 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.
The GSTIN of Shriram Chits (India) is 33AACCS2078R1ZW, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 29AACCS2078R1ZL (Karnataka), 36AACCS2078R1ZQ (Telangana), 27AACCS2078R1ZP (Maharashtra).
The CIN (Corporate Identification Number) of Shriram Chits (India) is U65992TN1990PTC143337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shriram Chits (India) has 12,089 court cases on record: 11,947 filed by the company and 145 filed against it. 5,163 are pending. Most are in the district courts.
Shriram Chits (India) was incorporated on 09 January 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chennai.
Shriram Chits (India) has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹28.36 Cr; the latest was in March 2024.
The peers of Shriram Chits (India) by revenue are BSS Sonata Microcredit Limited, Margadarsi Chit Fund Private Limited, Sree Gokulam Chit & Finance Co Private Limited, Equitas Micro Finance Limited, Cashpor Micro Credit and 5 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Gouse Mohiddin Jilani ceased to be Additional Director on 30 Nov 2021. Srinivas Kollapudi ceased to be Additional Director on 30 Nov 2021. Srinivasa Chakravarthy Yalamati ceased to be Additional Director on 30 Nov 2021. Shriram Chits (India) has 13 board changes on record in total.
Shriram Chits (India) can be reached through the website shriramchits.in. Its registered office is in Chennai, Tamil Nadu, India.
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