Somanath Chit Funds Private Limited
About Somanath Chit Funds Private Limited
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Somanath Chit Funds Private Limited is a private limited company based in Warangal, Telangana, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 24 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65999TG2017PTC116741.
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹80 Lakh. It is led by directors Kiran Kathi and Srinivasa Chary Kayithoju.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at H.No.2 – 7 – 50 Kln Reddy Colony Excise Colony Hanamkonda, Warangal, Telangana, India – 506002.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.97 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹16.18 Lakh (net margin 8.2%) and EBITDA of ₹23.25 Lakh (EBITDA margin 11.8%). Revenue has grown at a compounded annual rate (CAGR) of 100% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Somanath Chit Funds Private Limited's registered office is in Warangal, Telangana.
- Registered AddressH.No.2 – 7 – 50 Kln Reddy Colony Excise Colony Hanamkonda, Warangal, Telangana, India – 506002
- IndustryFinancial Services, 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 Somanath 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 Somanath Chit Funds Private Limited, buy the company report.
Financials of Somanath Chit Funds Private Limited
FY 2021 filings availableSomanath Chit Funds Private Limited reported revenue of ₹1.97 Cr (up 20% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 100% over three years, including 20% growth in the latest year. EBITDA fell 3% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Expenses | ||||
| EBITDA | ₹23.25 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹16.18 Lakh | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 11.8% | |||
| Net Profit Margin | 8.2% | |||
| 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 Somanath Chit Funds Private Limited, buy the company report.
Board of directors of Somanath Chit Funds Private Limited
Somanath Chit Funds has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Kathi | Director | 29 Jun 2022 | 4 Years 4 Months | Current |
| Srinivasa Chary Kayithoju | Director | 27 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Somanath 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 |
|---|---|---|---|---|---|---|
| Bhanupuri Chit Funds Private Limited | ₹2.1 Cr (FY 2025) | 4.0% | Suryapet, Telangana, India | |||
| Bhairravi Chit Funds Private Limited | ₹2.1 Cr (FY 2024) | -7.0% | Erode, Tamil Nadu, India | |||
| M.P.M. Chit Funds Private Limited | ₹2.07 Cr (FY 2025) | 3.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Somanath Chit Funds Private Limitedthis company | ₹1.97 Cr (FY 2021) | ₹16.18 Lakh | 8.2% | 20.0% | Warangal, Telangana, India | |
| Mancherial Amartya Chit Funds Private Limited | ₹1.95 Cr (FY 2022) | 33.0% | Mancherial, Telangana, India | |||
| Darshini Chit Funds Private Limited | ₹1.91 Cr (FY 2025) | -12.0% | Hanamkonda, Telangana, India | |||
| Saradhi Chit Funds Private Limited | ₹1.89 Cr (FY 2019) | 29.0% | Warangal, Telangana, India | |||
| Kaametardha Chit Funds Private Limited | ₹1.88 Cr (FY 2025) | 56.0% | Secunderabad, Telangana, India | |||
| Srii Ganapathy Arawind Chit Funds Private Limited | ₹1.83 Cr (FY 2024) | 30.0% | Pollachi, Tamil Nadu, India |
To see the full peer comparison of Somanath Chit Funds Private Limited, buy the company report.
Legal cases
Somanath Chit Funds Private Limited has 3 court cases on record: 3 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hanumakonda, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, Hanumakonda, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
| District court, Hanumakonda, Telangana | Cheque dishonour complaint | Filed against the company by an individual | Pending |
To see the full case history of Somanath 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 Somanath 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 Somanath Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Somanath Chit Funds Private Limited has 9 board changes on record since 2019: 2 appointments and 7 cessations. The latest: Rajendar Kothagattu ceased to be Director on 15 Sep 2022.
Frequently asked questions
Somanath Chit Funds is an active private limited company based in Warangal, Telangana, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 24 April 2017 (9+ years old) and is registered under CIN U65999TG2017PTC116741.
Somanath Chit Funds has 2 current directors:
- Kiran Kathi - Director
- Srinivasa Chary Kayithoju - Director
The latest financial statements of Somanath Chit Funds on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Somanath Chit Funds is U65999TG2017PTC116741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Somanath Chit Funds has 3 court cases on record: 3 filed against it. 3 are pending.
Somanath Chit Funds was incorporated on 24 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Somanath Chit Funds by revenue are Bhanupuri Chit Funds Private Limited, Bhairravi Chit Funds Private Limited, M.P.M. Chit Funds Private Limited, Mancherial Amartya Chit Funds Private Limited, Darshini Chit Funds Private Limited and 3 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Rajendar Kothagattu ceased to be Director on 15 Sep 2022. Kiran Kathi was appointed as Director on 29 Jun 2022. Babu Rao Dumala ceased to be Managing Director on 28 Apr 2022. Somanath Chit Funds has 9 board changes on record in total.
The registered office of Somanath Chit Funds is at H.No.2 – 7 – 50 Kln Reddy Colony Excise Colony Hanamkonda, Warangal, Telangana, India – 506002.
Somanath Chit Funds operates in the financial services industry, in the other financial intermediation segment.
The compliance status of Somanath Chit Funds is compliant as of 26 August 2026. The company is actively filing with the Registrar of Companies.
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