Sri Vembu Chits Private Limited
About Sri Vembu Chits Private Limited
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Sri Vembu Chits Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 28 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2012PTC087843. Its GSTIN is 33AASCS6006P1ZS (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹85 Lakh. It is led by directors Bharathi and Arumugam Ramesh.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 2 – 586 Nakkiran Road J Nagar Mogappair East, Chennai, Tamil Nadu, India – 600037.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.54 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹25.6 Lakh (net margin 7.2%) and EBITDA of ₹47.66 Lakh (EBITDA margin 13.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 4% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹31.4 Lakh on record. Court records list 105 cases involving the company, including 91 filed by the company and 14 filed against it; 37 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sri Vembu Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address2 – 586 Nakkiran Road J Nagar Mogappair East, Chennai, Tamil Nadu, India – 600037
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sri Vembu 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 Vembu 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 Vembu Chits Private Limited, buy the company report.
Financials of Sri Vembu Chits Private Limited
FY 2023 filings availableSri Vembu Chits Private Limited reported revenue of ₹3.54 Cr (up 35% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 35% growth in the latest year. EBITDA rose 44% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹47.66 Lakh | ||||
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| Net Profit (PAT) | ₹25.6 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.5% | ||||
| Net Profit Margin | 7.2% | ||||
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To see the full financial statements and ratios of Sri Vembu Chits Private Limited, buy the company report.
Board of directors of Sri Vembu Chits Private Limited
Sri Vembu Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharathi Also directs: Sri Vembu Finance and Services Private Limited | Director | 28 Sep 2012 | 14 Years 1 Months | Current |
| Arumugam Ramesh | Director | 28 Sep 2012 | 14 Years 1 Months | Current |
Peer comparison
Sri Vembu Chits Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Alankar Benefit Fund Nidhi Limited | ₹3.75 Cr (FY 2024) | 19.0% | Thanjavur, Tamil Nadu, India | |||
| VVRS Chitfund Tamilnadu Private Limited | ₹3.7 Cr (FY 2025) | 47.0% | Tirupur, Tamil Nadu, India | |||
| Exway Micro Credit Private Limited | ₹3.69 Cr (FY 2024) | 13.0% | Varanasi, Uttar Pradesh, India | |||
| Arishanapally Chit Funds Private Limited | ₹3.59 Cr (FY 2024) | -19.0% | Hyderabad, Telangana, India | |||
| Sri Vembu Chits Private Limitedthis company | ₹3.54 Cr (FY 2023) | ₹25.6 Lakh | 7.2% | 35.0% | 20 | Chennai, Tamil Nadu, India |
| Sharewealth Chits Limited | ₹3.54 Cr (FY 2024) | 1.0% | Thrissur, Kerala, India | |||
| Muthuvel Chits Private Limited | ₹3.47 Cr (FY 2025) | 16.0% | Pollachi, Tamil Nadu, India |
To see the full peer comparison of Sri Vembu Chits Private Limited, buy the company report.
Auditor
Sri Vembu Chits Private Limited is audited by SRIPRIYAA L & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRIPRIYAA L & CO | FY 2022 | 023171S |
Shareholding
The shareholding of Sri Vembu Chits Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sri Vembu Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Oct 2023 | 100810654 | Bank of India | ₹31.4 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Sri Vembu Chits Private Limited has 105 court cases on record: 91 filed by Sri Vembu Chits, 14 filed against it. 37 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 105 | 14 | 37 |
Cases on record (5 of 105)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Appeal | Filed by the company against Albis Constructions Private Limited Company | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company against Albis Constructions Private Limited Company | Disposed |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed against the company by Albis Constructions Private Limited Company | Disposed |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed against the company by Albis Construction Private Limited Company | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Sri Vembu 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 Vembu Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sri Vembu Chits Private Limited has a workforce of 20 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Sri Vembu Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AASCS6006P1ZS | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sri Vembu Chits Private Limited, buy the company report.
Recent activity
Sri Vembu Chits Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Arumugam Ramesh was appointed as Director on 28 Sep 2012.
Frequently asked questions
Sri Vembu Chits is an active private limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 28 September 2012 (14+ years old) and is registered under CIN U74900TN2012PTC087843.
Sri Vembu Chits has 2 current directors:
- Bharathi - Director
- Arumugam Ramesh - Director
The latest financial statements of Sri Vembu Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Sri Vembu Chits is 33AASCS6006P1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Sri Vembu Chits is U74900TN2012PTC087843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sri Vembu Chits has 105 court cases on record: 91 filed by the company and 14 filed against it. 37 are pending.
Sri Vembu Chits was incorporated on 28 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Sri Vembu Chits by revenue are Alankar Benefit Fund Nidhi Limited, VVRS Chitfund Tamilnadu Private Limited, Exway Micro Credit Private Limited, Arishanapally Chit Funds Private Limited, Sharewealth Chits Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Arumugam Ramesh was appointed as Director on 28 Sep 2012. Bharathi was appointed as Director on 28 Sep 2012.
The registered office of Sri Vembu Chits is at 2 – 586 Nakkiran Road J Nagar Mogappair East, Chennai, Tamil Nadu, India – 600037.
Sri Vembu Chits operates in the financial services industry, in the microfinance institutions segment.
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