Sirpy Chits Private Limited
About Sirpy Chits Private Limited
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Sirpy 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 01 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65990TN2013PTC089233. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Sappani Pillai Raavi (Managing Director) and Viswanathan Natarajan.
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 S6 3rd Floor Savarimuthu Street Mannady, Chennai, Tamil Nadu, India – 600001.
As per the financials filed for FY 2019, the company reported a revenue of ₹42.05 Lakh, a decline of 61% compared to the previous year. For the same year it recorded a net profit of ₹2.04 Lakh (net margin 4.9%) and EBITDA of ₹7.53 Lakh (EBITDA margin 17.9%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years.
As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹10 Lakh on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sirpy Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address16/33 S6 3rd Floor Savarimuthu Street Mannady, Chennai, Tamil Nadu, India – 600001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sirpy 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 Sirpy 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 Sirpy Chits Private Limited, buy the company report.
Financials of Sirpy Chits Private Limited
FY 2019 filings availableSirpy Chits Private Limited reported revenue of ₹42.05 Lakh (down 61% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over three years, including a 61% fall in the latest year. EBITDA fell 52% 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 |
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| EBITDA | ₹7.53 Lakh | ||||
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| Net Profit (PAT) | ₹2.04 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | 17.9% | ||||
| Net Profit Margin | 4.9% | ||||
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To see the full financial statements and ratios of Sirpy Chits Private Limited, buy the company report.
Board of directors of Sirpy Chits Private Limited
Sirpy Chits has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viswanathan Natarajan | Director | 01 Jan 2013 | 13 Years 9 Months | Current |
| Sappani Pillai Raavi Also directs: Sigaram Organics Private Limited, Sigaram Chits Private Limited | Managing Director | 01 Jan 2013 | 13 Years 9 Months | Current |
| Praveen Krishnamurthy | Director | 01 Jan 2013 | 13 Years 9 Months | Current |
| Chettiappa Pillai Thiyagaraj | Director | 01 Jan 2013 | 13 Years 9 Months | Current |
Peer comparison
Sirpy 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 |
|---|---|---|---|---|---|---|
| Mantralaya Sri Raghavendra Chit Funds Private Limited | ₹42.42 Lakh (FY 2023) | 18.0% | Vijayawada, Andhra Pradesh, India | |||
| Trichy Chit Funds Private Limited | ₹42.15 Lakh (FY 2025) | -6.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Skyway Kuries Private Limited | ₹42.09 Lakh (FY 2021) | 45.0% | Sangli, Maharashtra, India | |||
| Nandikkara Wincoast Chits Private Limited | ₹42.09 Lakh (FY 2025) | -23.0% | Thrissur, Kerala, India | |||
| Sirpy Chits Private Limitedthis company | ₹42.05 Lakh (FY 2019) | ₹2.04 Lakh | 4.9% | -61.0% | Chennai, Tamil Nadu, India | |
| Prabha Chits Private Limited | ₹41.84 Lakh (FY 2025) | 20.0% | Kanyakumari D.T, Tamil Nadu, India | |||
| Sangeerthanam Kuries Private Limited | ₹41.77 Lakh (FY 2025) | -3.0% | Thrissur Post, Kerala, India |
To see the full peer comparison of Sirpy Chits Private Limited, buy the company report.
Auditor
Sirpy Chits Private Limited is audited by E RADHAKRISHNAN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| E RADHAKRISHNAN & CO | FY 2017 | 003305S |
Shareholding
The shareholding of Sirpy Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sirpy Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Apr 2013 | 10424620 | Lakshmi Vilas Bank Limited | ₹50 Lakh | Open | |
| 21 Jan 2016 | 10619413 | The Lakshmi Vilas Bank Limited | ₹10 Lakh | Satisfied |
To see the full charge records of Sirpy Chits Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Sirpy Chits Private Limited has 6 court cases on record: 3 filed by Sirpy Chits, 3 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 1 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Thanjavur, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Thanjavur, Tamil Nadu | Criminal case | Filed against the company by M/S Shree Amman Agencies Proprietor S.Jayachandran | Disposed |
| District court, Thanjavur, Tamil Nadu | Criminal case | Filed against the company by M/S Shree Amman Pharmacy Power Agent Jayachandran | Disposed |
To see the full case history of Sirpy 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 Sirpy Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sirpy 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 Sirpy Chits Private Limited, buy the company report.
Recent activity
Sirpy Chits Private Limited has 4 board changes on record since 2013: 4 appointments. The latest: Chettiappa Pillai Thiyagaraj was appointed as Director on 01 Jan 2013.
Frequently asked questions
Sirpy 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 01 January 2013 (13+ years old) and is registered under CIN U65990TN2013PTC089233.
Sirpy Chits has 4 current directors:
- Sappani Pillai Raavi - Managing Director
- Viswanathan Natarajan - Director
- Praveen Krishnamurthy - Director
- Chettiappa Pillai Thiyagaraj - Director
The latest financial statements of Sirpy 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. Sirpy Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Sirpy Chits is U65990TN2013PTC089233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sirpy Chits has 6 court cases on record: 3 filed by the company and 3 filed against it. 1 is pending.
Sirpy Chits was incorporated on 01 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Sirpy Chits by revenue are Mantralaya Sri Raghavendra Chit Funds Private Limited, Trichy Chit Funds Private Limited, Skyway Kuries Private Limited, Nandikkara Wincoast Chits Private Limited, Prabha Chits Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Chettiappa Pillai Thiyagaraj was appointed as Director on 01 Jan 2013. Praveen Krishnamurthy was appointed as Director on 01 Jan 2013. Sappani Pillai Raavi was appointed as Managing Director on 01 Jan 2013. Sirpy Chits has 4 board changes on record in total.
The registered office of Sirpy Chits is at 1633 S6 3rd Floor Savarimuthu Street Mannady, Chennai, Tamil Nadu, India – 600001.
Sirpy Chits operates in the financial services industry, in the microfinance institutions segment.