Sivas Chit Funds Private Limited
About Sivas Chit Funds Private Limited
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Sivas Chit Funds Private Limited was a private limited company based in Perambalur, Tamil Nadu, 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 financial services and investment segment of the financial services sector. It was incorporated on 02 April 2012.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2012PTC085242. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Sundaram Sivaramalingam (Managing Director) and Selvakumar Rajagopal.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Perambalur, Tamil Nadu.
As per the financials filed for FY 2019, the company reported a revenue of ₹3 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹5.99 Lakh (net margin -199.3%) and EBITDA of -₹5.89 Lakh (EBITDA margin -196.1%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years.
Company details
Contact details
Sivas Chit Funds Private Limited's registered office is in Perambalur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address148 Venkatesapuram Trichy Main Road Opp To State Bank Of I, Ndia, Perambalur, Tamil Nadu, India – 621212
- IndustryFinancial Services, Financial Activities
To see the full contact details of Sivas Chit Funds 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 Sivas 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 Sivas Chit Funds Private Limited, buy the company report.
Financials of Sivas Chit Funds Private Limited
FY 2019 filings availableSivas Chit Funds Private Limited reported revenue of ₹3 Lakh (down 79% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over three years, including a 79% fall in the latest year. EBITDA fell 86% 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 | -₹5.89 Lakh | ||||
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| Net Profit (PAT) | -₹5.99 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 | -196.1% | ||||
| Net Profit Margin | -199.3% | ||||
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To see the full financial statements and ratios of Sivas Chit Funds Private Limited, buy the company report.
Board of directors of Sivas Chit Funds Private Limited
Sivas Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Selvakumar Rajagopal Also directs: Rajabakkiam Chits Private Limited | Director | 02 Apr 2012 | 14 Years 6 Months | As last reported |
| Sundaram Sivaramalingam | Managing Director | 02 Apr 2012 | 14 Years 6 Months | As last reported |
Peer comparison
Sivas Chit Funds Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Bhumana Chit Funds Private Limited | ₹3.08 Lakh (FY 2020) | Nizamabad, Telangana, India | ||||
| Thirumal Chit Funds (Pattukkotai) Private Limited | ₹3.07 Lakh (FY 2016) | -59.0% | Tamil Nadu, India | |||
| Vopari Chit Funds Private Limited | ₹3.03 Lakh (FY 2024) | Bangalore, Karnataka, India | ||||
| CMN Chit Funds Private Limited | ₹3.02 Lakh (FY 2020) | 13.0% | Hyderabad, Telangana, India | |||
| Attur Shri Ganga Chit Funds Private Limited | ₹3 Lakh (FY 2020) | -70.0% | Salem, Tamil Nadu, India | |||
| Sivas Chit Funds Private Limitedthis company | ₹3 Lakh (FY 2019) | -₹5.99 Lakh | -199.3% | -79.0% | Perambalur, Tamil Nadu, India | |
| Allthemore Chit Funds Private Limited | ₹3 Lakh (FY 2017) | 743.0% | Coimbatore, Tamil Nadu, India | |||
| Kollapur Apthamithra Chit Funds Private Limited | ₹2.96 Lakh (FY 2025) | -86.0% | Kollapur, Telangana, India | |||
| Koundinya Chit Funds Private Limited | ₹2.87 Lakh (FY 2021) | Hanamkonda, Telangana, India |
To see the full peer comparison of Sivas Chit Funds Private Limited, buy the company report.
Auditor
Sivas Chit Funds Private Limited is audited by VENKADASALAMJAYARAMAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKADASALAMJAYARAMAN | FY 2017 | 024867 |
Shareholding
The shareholding of Sivas Chit Funds 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 Sivas Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sivas Chit Funds 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 Sivas Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sivas Chit Funds 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 Sivas Chit Funds Private Limited, buy the company report.
Recent activity
Sivas Chit Funds Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Selvakumar Rajagopal was appointed as Director on 02 Apr 2012.
Frequently asked questions
Sivas 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.
Sivas Chit Funds was a private limited company based in Perambalur, Tamil Nadu, India. The company worked in financial activities, within the financial services industry. It was incorporated on 02 April 2012 and is registered under CIN U65992TN2012PTC085242. The company has been struck off by the Registrar of Companies and is no longer operational.
Sivas Chit Funds had 2 directors:
- Sundaram Sivaramalingam - Managing Director
- Selvakumar Rajagopal - Director
The CIN (Corporate Identification Number) of Sivas Chit Funds is U65992TN2012PTC085242. 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 Sivas Chit Funds is at 148 Venkatesapuram Trichy Main Road Opp To State Bank Of I, Ndia, Perambalur, Tamil Nadu, India – 621212.
Sivas Chit Funds was incorporated on 02 April 2012. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of Sivas Chit Funds on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Sivas Chit Funds has 1 GST registration on record and it is cancelled or inactive.
Sivas Chit Funds operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Sivas Chit Funds by revenue are Bhumana Chit Funds Private Limited, Thirumal Chit Funds (Pattukkotai) Private Limited, Vopari Chit Funds Private Limited, CMN Chit Funds Private Limited, Attur Shri Ganga Chit Funds Private Limited and 3 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Selvakumar Rajagopal was appointed as Director on 02 Apr 2012. Sundaram Sivaramalingam was appointed as Managing Director on 02 Apr 2012.