Sri Varshine Chits Private Limited
About Sri Varshine Chits Private Limited
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Sri Varshine Chits Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 19 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2018PTC031245.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Ramesh Kalaiselvi and Srinivasan Ramesh.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 30 Agraharam Street Room No.203 A.C.K.Complex, Erode, Tamil Nadu, India – 638001.
As per the financials filed for FY 2021, the company reported a revenue of ₹5.75 Lakh, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹13,492 (net margin 2.3%) and EBITDA of ₹16,033 (EBITDA margin 2.8%).
Company details
Contact details
Sri Varshine Chits Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address30 Agraharam Street Room No.203 A.C.K.Complex, Erode, Tamil Nadu, India – 638001
- IndustryFinancial Services, Other Financial Intermediation, Kuri Companies, Chit Fund
To see the full contact details of Sri Varshine 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 Varshine 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 Varshine Chits Private Limited, buy the company report.
Financials of Sri Varshine Chits Private Limited
FY 2021 filings availableSri Varshine Chits Private Limited reported revenue of ₹5.75 Lakh (up 26% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year. EBITDA rose 106% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹16,033 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹13,492 | ||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||
| EBITDA Margin | 2.8% | ||
| Net Profit Margin | 2.3% | ||
| Return on Equity (ROE) | |||
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To see the full financial statements and ratios of Sri Varshine Chits Private Limited, buy the company report.
Board of directors of Sri Varshine Chits Private Limited
Sri Varshine Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Kalaiselvi | Director | 19 Nov 2018 | 7 Years 11 Months | Current |
| Srinivasan Ramesh | Director | 19 Nov 2018 | 7 Years 11 Months | Current |
Peer comparison
Sri Varshine 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 |
|---|---|---|---|---|---|---|
| Pawapuri Mercantiles Pvt. Ltd. | ₹5.76 Lakh (FY 2018) | 772.0% | Kolkata, West Bengal, India | |||
| Digionlinesite Private Limited | ₹5.76 Lakh (FY 2023) | 28.0% | Kochi, Kerala, India | |||
| Maclean Technologies Private Limited | ₹5.76 Lakh (FY 2022) | Howrah, West Bengal, India | ||||
| Jay Comholfin Private Limited | ₹5.76 Lakh (FY 2022) | -78.0% | Jaipur, Rajasthan, India | |||
| Vijayeebhava Chit Funds Private Limited | ₹5.76 Lakh (FY 2024) | 286.0% | Hanamkonda, Telangana, India | |||
| Sri Varshine Chits Private Limitedthis company | ₹5.75 Lakh (FY 2021) | ₹13,492 | 2.3% | 26.0% | Erode, Tamil Nadu, India | |
| Eagle Arc Automobile Private Limited | ₹5.75 Lakh (FY 2017) | 132.0% | New Delhi, Delhi, India | |||
| Pratidhi Investments Private Limited | ₹5.75 Lakh (FY 2025) | 53.0% | Hurda, Rajasthan, India | |||
| Rosche Investments Private Limited | ₹5.75 Lakh (FY 2021) | 89011.0% | Gram Mahal Jagatpura, Rajasthan, India | |||
| Four Squares Chits Private Limited | ₹5.75 Lakh (FY 2022) | Bangalore, Karnataka, India | ||||
| Prolinks Fincap Private Limited | ₹5.75 Lakh (FY 2024) | 6.0% | New Delhi, Delhi, India |
To see the full peer comparison of Sri Varshine Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sri Varshine 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 Sri Varshine 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 Sri Varshine Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sri Varshine Chits Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Ramesh Kalaiselvi was appointed as Director on 19 Nov 2018.
Frequently asked questions
Sri Varshine Chits is an active private limited company based in Erode, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 19 November 2018 (8+ years old) and is registered under CIN U65992TZ2018PTC031245.
Sri Varshine Chits has 2 current directors:
- Ramesh Kalaiselvi - Director
- Srinivasan Ramesh - Director
The latest financial statements of Sri Varshine Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Sri Varshine Chits is U65992TZ2018PTC031245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sri Varshine Chits was incorporated on 19 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Sri Varshine Chits by revenue are Pawapuri Mercantiles Pvt. Ltd, Digionlinesite Private Limited, Maclean Technologies Private Limited, Jay Comholfin Private Limited, Vijayeebhava Chit Funds Private Limited and 5 more, all in the same principal business activity (other financial activities).
Ramesh Kalaiselvi was appointed as Director on 19 Nov 2018. Srinivasan Ramesh was appointed as Director on 19 Nov 2018.
The registered office of Sri Varshine Chits is at 30 Agraharam Street Room No.203 A.C.K.Complex, Erode, Tamil Nadu, India – 638001.
Sri Varshine Chits operates in the financial services industry, in the other financial intermediation segment.
Sri Varshine Chits can be reached at its registered office: 30 Agraharam Street Room No.203 A.C.K.Complex, Erode, Tamil Nadu, India – 638001.
Sri Varshine Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Coimbatore.
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