Sowndamman Chits Private Limited
About Sowndamman Chits Private Limited
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Sowndamman Chits Private Limited is a private limited company based in Salem, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 08 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2016PTC022380.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.5 Lakh. It is led by directors including Yognath Babu Ramesh (Managing Director) and Muthusamy Yoganatha Babu (Managing Director).
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at No.103 N S Building Arunachala Achari Street, Salem, Tamil Nadu, India – 636001.
As per the financials filed for FY 2021, the company reported a revenue of ₹8.02 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹9,941 (net margin 1.2%) and EBITDA of ₹22,486 (EBITDA margin 2.8%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sowndamman Chits Private Limited's registered office is in Salem, Tamil Nadu.
- Registered AddressNo.103 N S Building Arunachala Achari Street, Salem, Tamil Nadu, India – 636001
- IndustryFinancial Services, Other Financial Intermediation, Kuri Companies, Chit Fund
- 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 Sowndamman 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 Sowndamman Chits Private Limited, buy the company report.
Financials of Sowndamman Chits Private Limited
FY 2021 filings availableSowndamman Chits Private Limited reported revenue of ₹8.02 Lakh (down 1% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 1% fall in the latest year. EBITDA rose 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
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| EBITDA | ₹22,486 | ||||
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| Net Profit (PAT) | ₹9,941 | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Sowndamman Chits Private Limited, buy the company report.
Board of directors of Sowndamman Chits Private Limited
Sowndamman Chits has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yognath Babu Ramesh Also directs: Sowdeswari Amman Chits Private Limited | Managing Director | 08 Mar 2016 | 10 Years 7 Months | Current |
| Muthusamy Yoganatha Babu | Managing Director | 08 Mar 2016 | 10 Years 7 Months | Current |
| Yognath Babu Sathidevi Also directs: Sowdeswari Amman Chits Private Limited | Director | 08 Mar 2016 | 10 Years 7 Months | Current |
| Ramesh Vijaya Gowri Also directs: Sowdeswari Amman Chits Private Limited | Director | 13 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Sowndamman Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Peaceland Kuries Private Limited | ₹8.02 Lakh (FY 2025) | -18.0% | Thrissur, Kerala, India | |||
| Mrinal Nirman Private Limited | ₹8.02 Lakh (FY 2025) | -39.0% | Kolkata, West Bengal, India | |||
| Samay Bachat Mutual Benefit Nidhi Limited | ₹8.02 Lakh (FY 2022) | Lucknow, Uttar Pradesh, India | ||||
| Parathodu Grameen Sahakarana Nidhi Limited | ₹8.02 Lakh (FY 2024) | Kanjirappally, Kerala, India | ||||
| Chembakassery Nidhi Limited | ₹8.02 Lakh (FY 2024) | -15.0% | Thrissur, Kerala, India | |||
| Sowndamman Chits Private Limitedthis company | ₹8.02 Lakh (FY 2021) | ₹9,941 | 1.2% | -1.0% | Salem, Tamil Nadu, India | |
| Ec Nidhi Limited | ₹8.01 Lakh (FY 2025) | -78.0% | Thrissur, Kerala, India | |||
| Shambhuraje Nidhi Limited | ₹8.01 Lakh (FY 2020) | 681.0% | Pune, Maharashtra, India | |||
| Innovative Valuers and Engineers Consultant Private Limited | ₹8.01 Lakh (FY 2021) | -20.0% | Delhi, India | |||
| Mathran Holdings Pvt.Ltd. | ₹8.01 Lakh (FY 2025) | -69.0% | Kolkata, West Bengal, India | |||
| Sri Raja Raja Cholan Nidhi Limited | ₹8.01 Lakh (FY 2025) | 20.0% | Madrass, Tamil Nadu, India |
To see the full peer comparison of Sowndamman Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sowndamman Chits 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 Sowndamman Chits 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 Sowndamman Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sowndamman Chits Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Ramesh Vijaya Gowri was appointed as Director on 13 Nov 2025.
Frequently asked questions
Sowndamman Chits is an active private limited company based in Salem, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 08 March 2016 (10+ years old) and is registered under CIN U65992TZ2016PTC022380.
Sowndamman Chits has 4 current directors:
- Yognath Babu Ramesh - Managing Director
- Muthusamy Yoganatha Babu - Managing Director
- Yognath Babu Sathidevi - Director
- Ramesh Vijaya Gowri - Director
The latest financial statements of Sowndamman Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Sowndamman Chits is U65992TZ2016PTC022380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sowndamman Chits was incorporated on 08 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Sowndamman Chits by revenue are Peaceland Kuries Private Limited, Mrinal Nirman Private Limited, Samay Bachat Mutual Benefit Nidhi Limited, Parathodu Grameen Sahakarana Nidhi Limited, Chembakassery Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Ramesh Vijaya Gowri was appointed as Director on 13 Nov 2025. Yognath Babu Ramesh ceased to be Director on 07 Oct 2025. Muthusamy Yoganatha Babu ceased to be Managing Director on 02 Oct 2025. Sowndamman Chits has 6 board changes on record in total.
The registered office of Sowndamman Chits is at No.103 N S Building Arunachala Achari Street, Salem, Tamil Nadu, India – 636001.
Sowndamman Chits operates in the financial services industry, in the other financial intermediation segment.
The compliance status of Sowndamman Chits is compliant as of 10 August 2026. The company is actively filing with the Registrar of Companies.
Sowndamman Chits can be reached at its registered office: No.103 N S Building Arunachala Achari Street, Salem, Tamil Nadu, India – 636001.
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