Sigaram Chits Private Limited
About Sigaram Chits Private Limited
Data last updated:
Sigaram Chits 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 05 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN1999PTC042207. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Sappani Pillai Raavi (Managing Director) and Guna Jothi.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 16/33 S5 3rd Floor Savarimuthu Street Mannady, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.95 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹26 Lakh (net margin -13.3%) and EBITDA of ₹25.95 Lakh (EBITDA margin 13.3%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
As per MCA filings, the company has satisfied charges of ₹1.9 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sigaram Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address16/33 S5 3rd Floor Savarimuthu Street Mannady, Chennai, Tamil Nadu, India – 600001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sigaram Chits 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 Sigaram 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 Sigaram Chits Private Limited, buy the company report.
Financials of Sigaram Chits Private Limited
FY 2019 filings availableSigaram Chits Private Limited reported revenue of ₹1.95 Cr (down 25% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 25% fall in the latest year. EBITDA fell 75% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.95 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.95 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹26 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.3% | ||||
| Net Profit Margin | -13.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Sigaram Chits Private Limited, buy the company report.
Board of directors of Sigaram Chits Private Limited
Sigaram Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Guna Jothi Also directs: Sigaram Organics Private Limited | Director | 29 May 2015 | 11 Years 5 Months | Current |
| Sappani Pillai Raavi Also directs: Sigaram Organics Private Limited, Sirpy Chits Private Limited | Managing Director | 05 Apr 1999 | 27 Years 7 Months | Current |
Peer comparison
Sigaram Chits Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Ettutharayil Nidhi Limited | ₹2.01 Cr (FY 2024) | 6.0% | Kayamkulam, Kerala, India | |||
| Sri Mukunth Nidhi Limited | ₹2 Cr (FY 2025) | 12.0% | Madurai 625 010, Tamil Nadu, India | |||
| Sigaram Chits Private Limitedthis company | ₹1.95 Cr (FY 2019) | -₹26 Lakh | -13.3% | -25.0% | Chennai, Tamil Nadu, India | |
| Cordialgramin Nidhi Limited | ₹1.95 Cr (FY 2024) | -35.0% | Ernakulam, Kerala, India | |||
| Mancherial Amartya Chit Funds Private Limited | ₹1.95 Cr (FY 2022) | 33.0% | Mancherial, Telangana, India | |||
| Hi-Wealth Kuries Limited | ₹1.94 Cr (FY 2025) | 6.0% | Thrissur, Kerala, India | |||
| Magan Nidhi Limited | ₹1.93 Cr (FY 2025) | 68.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Sigaram Chits Private Limited, buy the company report.
Auditor
Sigaram Chits Private Limited is audited by E RADHAKRISHNAN & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| E RADHAKRISHNAN & CO | FY 2019 | 003305S |
Shareholding
The shareholding of Sigaram Chits Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sigaram Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2016 | 100038480 | Lakshmi Vilas Bank Limited | ₹75 Lakh | Satisfied | |
| 21 Jan 2016 | 10619412 | The Lakshmi Vilas Bank Limited | ₹25 Lakh | Satisfied | |
| 19 Jan 2008 | 10085117 | The Lakshmi Vilas Bank Ltd | ₹20 Lakh | Satisfied | |
| 10 Oct 2007 | 10073137 | The Lakshmi Vilas Bank Ltd | ₹5 Lakh | Satisfied | |
| 09 May 2007 | 10050394 | The Lakshmi Vilas Bank Ltd | ₹30 Lakh | Satisfied |
To see the full charge records of Sigaram Chits Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Sigaram Chits Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Sigaram Chits 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 Sigaram Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sigaram Chits 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 Sigaram Chits Private Limited, buy the company report.
Recent activity
Sigaram Chits Private Limited has 5 board changes on record since 1999: 2 appointments and 3 cessations. The latest: Guna Jothi ceased to be Additional Director on 30 Sep 2015.
12 earlier events are in the company report.
Frequently asked questions
Sigaram Chits 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 05 April 1999 (27+ years old) and is registered under CIN U65991TN1999PTC042207.
Sigaram Chits has 2 current directors:
- Sappani Pillai Raavi - Managing Director
- Guna Jothi - Director
The latest financial statements of Sigaram Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from 2015 are in the company report.
No. Sigaram Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sigaram Chits is U65991TN1999PTC042207. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sigaram Chits has 1 court case on record: 1 filed against it. 1 is pending.
Sigaram Chits was incorporated on 05 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Sigaram Chits by revenue are Ettutharayil Nidhi Limited, Sri Mukunth Nidhi Limited, Cordialgramin Nidhi Limited, Mancherial Amartya Chit Funds Private Limited, Hi-Wealth Kuries Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Guna Jothi ceased to be Additional Director on 30 Sep 2015. Chettiappa Pillai Thiyagaraj ceased to be Director on 10 Jun 2015. Guna Jothi was appointed as Director on 29 May 2015. Sigaram Chits has 5 board changes on record in total.
The registered office of Sigaram Chits is at 1633 S5 3rd Floor Savarimuthu Street Mannady, Chennai, Tamil Nadu, India – 600001.
Sigaram Chits operates in the financial services industry, in the microfinance institutions segment.
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