About Sri Akul Chits Private Limited
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Sri Akul Chits Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 05 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65999TG2016PTC112323. Its GSTIN is 36AAXCS7401D1Z5 (Telangana).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Malikarjun Koosam (Managing Director) and Vijender Rao Bairneni.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 6 – 2 – 662 Hig Phase – I Vanasthalipuram, Hyderabad, Telangana, India – 500070.
As per the financials filed for FY 2022, the company reported a revenue of ₹52.32 Lakh, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹1.73 Lakh (net margin 3.3%) and EBITDA of ₹3.52 Lakh (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 89% over five years.
Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 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 akulchits.com.
Company details
Contact details
Sri Akul Chits Private Limited's registered office is in Hyderabad, Telangana. Its website is akulchits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6 – 2 – 662 Hig Phase – I Vanasthalipuram, Hyderabad, Telangana, India – 500070
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sri Akul 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 Sri Akul 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 Sri Akul Chits Private Limited, buy the company report.
Financials of Sri Akul Chits Private Limited
FY 2022 filings availableSri Akul Chits Private Limited reported revenue of ₹52.32 Lakh (down 6% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 89%. EBITDA rose 11% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹3.52 Lakh | ||||
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| Net Profit (PAT) | ₹1.73 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 6.7% | ||||
| Net Profit Margin | 3.3% | ||||
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To see the full financial statements and ratios of Sri Akul Chits Private Limited, buy the company report.
Board of directors of Sri Akul Chits Private Limited
Sri Akul Chits has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malikarjun Koosam | Managing Director | 05 Oct 2016 | 10 Years 1 Months | Current |
| Vijender Rao Bairneni | Director | 05 Oct 2016 | 10 Years 1 Months | Current |
| Amarender Alagandula Also directs: Abs Reddys Impex Private Limited | Director | 05 Oct 2016 | 10 Years 1 Months | Current |
| Kashi Belide | Director | 05 Oct 2016 | 10 Years 1 Months | Current |
| Ratan Prasad Vooturi | Director | 05 Oct 2016 | 10 Years 1 Months | Current |
Peer comparison
Sri Akul Chits Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Richmax Nidhi Limited | ₹52.86 Lakh (FY 2024) | -55.0% | North Kalamassery, Kerala, India | |||
| Kochykunnel Nidhi Limited | ₹52.77 Lakh (FY 2025) | -99.0% | Muvattupuzha, Kerala, India | |||
| Capital Chits India Private Limited | ₹52.75 Lakh (FY 2022) | -2.0% | Kurnool, Andhra Pradesh, India | |||
| Sri Akul Chits Private Limitedthis company | ₹52.32 Lakh (FY 2022) | ₹1.73 Lakh | 3.3% | -6.0% | Hyderabad, Telangana, India | |
| Kothamangalam Nidhi Limited | ₹51.89 Lakh (FY 2024) | -27.0% | Kothamangalam, Kerala, India | |||
| Trichy Shree Valathi Chit Funds Private Limited | ₹51.79 Lakh (FY 2025) | -8.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Na Muthurajaa Chit Funds Private Limited | ₹51.46 Lakh (FY 2025) | 52.0% | Chennai, Tamil Nadu, India | |||
| Orange City Urban Nidhi Limited | ₹51.3 Lakh (FY 2023) | 50.0% | Saoner, Maharashtra, India | |||
| Isra Nidhi Limited | ₹51.3 Lakh (FY 2025) | 4.0% | Thrissur, Kerala, India |
To see the full peer comparison of Sri Akul Chits Private Limited, buy the company report.
Auditor
Sri Akul Chits Private Limited is audited by M N REDDY & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M N REDDY & CO | FY 2020 | 010025S |
Shareholding
The shareholding of Sri Akul Chits Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sri Akul Chits Private Limited, buy the company report.
Legal cases
Sri Akul Chits Private Limited has 3 court cases on record: 2 filed by Sri Akul Chits, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed against the company | Pending |
| District court, Rangareddy, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Siddipet, Telangana | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Sri Akul 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 Sri Akul Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sri Akul Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAXCS7401D1Z5 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sri Akul Chits Private Limited, buy the company report.
Recent activity
Sri Akul Chits Private Limited has 5 board changes on record since 2016: 5 appointments. The latest: Amarender Alagandula was appointed as Director on 05 Oct 2016.
Frequently asked questions
Sri Akul Chits is an active private limited company based in Hyderabad, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 05 October 2016 (10+ years old) and is registered under CIN U65999TG2016PTC112323.
Sri Akul Chits has 5 current directors:
- Malikarjun Koosam - Managing Director
- Vijender Rao Bairneni - Director
- Amarender Alagandula - Director
- Kashi Belide - Director
- Ratan Prasad Vooturi - Director
The latest financial statements of Sri Akul Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Sri Akul Chits is 36AAXCS7401D1Z5, registered in Telangana.
The CIN (Corporate Identification Number) of Sri Akul Chits is U65999TG2016PTC112323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sri Akul Chits has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending.
Sri Akul Chits was incorporated on 05 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Sri Akul Chits by revenue are Richmax Nidhi Limited, Kochykunnel Nidhi Limited, Capital Chits India Private Limited, Kothamangalam Nidhi Limited, Trichy Shree Valathi Chit Funds Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Amarender Alagandula was appointed as Director on 05 Oct 2016. Kashi Belide was appointed as Director on 05 Oct 2016. Malikarjun Koosam was appointed as Managing Director on 05 Oct 2016. Sri Akul Chits has 5 board changes on record in total.
Sri Akul Chits can be reached through the website akulchits.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Sri Akul Chits is at 6 – 2 – 662 Hig Phase – I Vanasthalipuram, Hyderabad, Telangana, India – 500070.
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