About Sree Visalam Chit Fund Ltd
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Sree Visalam Chit Fund Ltd is a public limited company based in Tirunelveli, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 06 January 1947 and has been in existence for over 79 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN1947PLC002749. Its GSTIN is 33AABCS5357E1ZK (Tamil Nadu).
The company has an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹8.58 Lakh. It is led by directors including Arunachalam Umapathy (Managing Director) and Arunachalam Viswanathan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S.V.C.F. Buildings 2/13/1 Kattalai Street Tirunelveli Town., Tamil Nadu, India – 627006.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.48 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.53 Cr (net margin 11.4%) and EBITDA of ₹2.28 Cr (EBITDA margin 17%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 6% over five years.
The company has about 140 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sree Visalam Chit Fund LTD. As per MCA filings, the company has open charges of ₹1.67 Cr and satisfied charges of ₹4.17 Cr on record. Court records list 201 cases involving the company, including 188 filed by the company and 13 filed against it; 58 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sreevisalam.com.
Company details
Contact details
Sree Visalam Chit Fund Ltd's registered office is in Tirunelveli, Tamil Nadu. Its website is sreevisalam.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS.V.C.F. Buildings 2/13/1 Kattalai Street Tirunelveli Town., Tamil Nadu, India – 627006
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sree Visalam Chit Fund Ltd, 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
Brands
Sree Visalam Chit Fund operates one associated brand: Sree Visalam Chit Fund LTD. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chit fund operations in South India since 1947. | sreevisalam.com |
Business activity
The main business activity of Sree Visalam Chit Fund 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 Sree Visalam Chit Fund Ltd, buy the company report.
Financials of Sree Visalam Chit Fund Ltd
FY 2025 filings availableSree Visalam Chit Fund Ltd reported revenue of ₹13.48 Cr (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 7% growth in the latest year. EBITDA rose 6% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.28 Cr | ||||
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| Net Profit (PAT) | ₹1.53 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 17% | ||||
| Net Profit Margin | 11.4% | ||||
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To see the full financial statements and ratios of Sree Visalam Chit Fund Ltd, buy the company report.
Board of directors of Sree Visalam Chit Fund Ltd
Sree Visalam Chit Fund has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arunachalam Umapathy Also directs: Pallathur Motors LLP | Managing Director | 01 Oct 2001 | 25 Years 1 Months | Current |
| Arunachalam Viswanathan | Whole-Time Director | 22 Apr 1996 | 30 Years 6 Months | Current |
| Chidambaram Chettiar Natarajan | Whole-Time Director | 02 Apr 1994 | 32 Years 7 Months | Current |
| Arunachalam Meenakshi | Whole-Time Director | 30 Sep 1996 | 30 Years 1 Months | Current |
Peer comparison
Sree Visalam Chit Fund Ltd is compared with the 7 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 |
|---|---|---|---|---|---|---|
| NM Nedumparambil Nidhi Limited | ₹15.09 Cr (FY 2023) | 48.0% | Ernakulam, Kerala, India | |||
| Gentleman Chit Funds Company India Private Limited | ₹14.72 Cr (FY 2025) | 4.0% | Kottayam, Kerala, India | |||
| Northeast Chit Fund Services Private Limited | ₹14.62 Cr (FY 2024) | 32.0% | Secunderabad, Telangana, India | |||
| Sree Jaya Nathan Chits Private Limited | ₹14.12 Cr (FY 2025) | 44.0% | Manaparai Tk, Tamil Nadu, India | |||
| Sree Visalam Chit Fund Ltdthis company | ₹13.48 Cr (FY 2024) | ₹1.53 Cr | 11.4% | 7.0% | 140 | Tirunelveli, Tamil Nadu, India |
| Abhishek Chit Funds Private Limited | ₹13.28 Cr (FY 2025) | -1.0% | Hyderabad, Telangana, India | |||
| Turon Capital Private Limited | ₹12.64 Cr (FY 2024) | -26.0% | Delhi, India | |||
| Alpha Micro Finance Consultants Private Limited | ₹12.63 Cr (FY 2024) | 9875.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Sree Visalam Chit Fund Ltd, buy the company report.
Auditor
Sree Visalam Chit Fund Ltd is audited by BALAJI.S for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BALAJI.S | FY 2023 | 026571 |
Shareholding
The shareholding of Sree Visalam Chit Fund Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sree Visalam Chit Fund Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2002 | 90301059 | City Union Bank Ltd. | ₹2.5 Cr | Satisfied | |
| 25 Jan 1997 | 90384272 | Tamilnad Mercantile Bank Ltd. | ₹14 Lakh | Satisfied | |
| 01 Mar 1991 | 90384263 | Tamilnadu Mercantile Bank Ltd. | ₹3.2 Lakh | Satisfied | |
| 19 Feb 1973 | 90301400 | Shree Financiers (Sole Propietor Ar. Ramaswamy ) | ₹1.5 Cr | Satisfied | |
| 29 Dec 1972 | 90303373 | Canara Bank | ₹- | Satisfied |
To see the full charge records of Sree Visalam Chit Fund Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Sree Visalam Chit Fund Ltd has 201 court cases on record: 188 filed by Sree Visalam Chit Fund, 13 filed against it. 58 cases are pending and 143 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 152 | 1 | 45 |
| High courts | 48 | 11 | 13 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 201)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Revision petition | Filed against the company by an individual | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
| District court, Erode, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
| District court, Tiruchirappalli, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Sree Visalam Chit Fund Ltd, 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 Sree Visalam Chit Fund Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sree Visalam Chit Fund Ltd has a workforce of 140 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Sree Visalam Chit Fund has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCS5357E1ZK | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sree Visalam Chit Fund Ltd, buy the company report.
Recent activity
Sree Visalam Chit Fund Ltd has 8 board changes on record since 1994: 4 appointments and 4 cessations. The latest: Arunachalam Viswanathan ceased to be Managing Director on 31 Mar 2025.
9 earlier events are in the company report.
Frequently asked questions
Sree Visalam Chit Fund is an active public limited company based in Tirunelveli, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 06 January 1947 (79+ years old) and is registered under CIN U65991TN1947PLC002749.
Sree Visalam Chit Fund has 4 current directors:
- Arunachalam Umapathy - Managing Director
- Arunachalam Viswanathan - Whole-Time Director
- Chidambaram Chettiar Natarajan - Whole-Time Director
- Arunachalam Meenakshi - Whole-Time Director
The latest financial statements of Sree Visalam Chit Fund on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sree Visalam Chit Fund is 33AABCS5357E1ZK, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Sree Visalam Chit Fund is U65991TN1947PLC002749. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sree Visalam Chit Fund has 201 court cases on record: 188 filed by the company and 13 filed against it. 58 are pending. Most are in the district courts.
Sree Visalam Chit Fund was incorporated on 06 January 1947, making it 79+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Sree Visalam Chit Fund by revenue are NM Nedumparambil Nidhi Limited, Gentleman Chit Funds Company India Private Limited, Northeast Chit Fund Services Private Limited, Sree Jaya Nathan Chits Private Limited, Abhishek Chit Funds Private Limited and 2 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Arunachalam Viswanathan ceased to be Managing Director on 31 Mar 2025. Arunachalam Meenakshi ceased to be Director on 01 Apr 2020. Arunachalam Umapathy ceased to be Director on 01 Apr 2020. Sree Visalam Chit Fund has 8 board changes on record in total.
Sree Visalam Chit Fund can be reached through the website sreevisalam.com. Its registered office is in Tirunelveli, Tamil Nadu, India.
The registered office of Sree Visalam Chit Fund is at S.V.C.F. Buildings 2131 Kattalai Street Tirunelveli Town., Tamil Nadu, India – 627006.
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