Sribanu Chits (India) Private Limited
About Sribanu Chits (India) Private Limited
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Sribanu Chits (India) Private Limited is a private limited company based in Palladam, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 24 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2009PTC015509. Its GSTIN is 33AANCS7824E1Z8 (Tamil Nadu).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹14.5 Lakh. It is led by directors Palanisaamy Banumathi and Marappagounder Palanisaamy.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.41B First Floor Ngr Road, Palladam, Tamil Nadu, India – 641664.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.05 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹49,071 (net margin 5.4%) and EBITDA of ₹66,353 (EBITDA margin 7.3%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 3% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sribanu Chits (India) Private Limited's registered office is in Palladam, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.41B First Floor Ngr Road, Palladam, Tamil Nadu, India – 641664
- IndustryFinancial Services, Financial Activities
To see the full contact details of Sribanu Chits (India) 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 Sribanu Chits (India) 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 Sribanu Chits (India) Private Limited, buy the company report.
Financials of Sribanu Chits (India) Private Limited
FY 2025 filings availableSribanu Chits (India) Private Limited reported revenue of ₹9.05 Lakh (down 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 14% fall in the latest year. EBITDA fell 48% 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 | ₹66,353 | ||||
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| Net Profit (PAT) | ₹49,071 | ||||
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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 | 7.3% | ||||
| Net Profit Margin | 5.4% | ||||
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To see the full financial statements and ratios of Sribanu Chits (India) Private Limited, buy the company report.
Board of directors of Sribanu Chits (India) Private Limited
Sribanu Chits (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palanisaamy Banumathi Also directs: Sribanu Chit Fund Private Limited | Director | 24 Sep 2009 | 17 Years 1 Months | Current |
| Marappagounder Palanisaamy Also directs: Sribanu Chit Fund Private Limited | Director | 24 Sep 2009 | 17 Years 1 Months | Current |
Peer comparison
Sribanu Chits (India) 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 |
|---|---|---|---|---|---|---|
| Vishna India Nidhi Limited | ₹9.06 Lakh (FY 2025) | -56.0% | Delhi, India | |||
| Sagarratna Mutual Benefit Nidhi Limited | ₹9.06 Lakh (FY 2021) | -27.0% | Soraon, Uttar Pradesh, India | |||
| Altera Distributors Private Limited | ₹9.06 Lakh (FY 2025) | 276.0% | Margao, Goa, India | |||
| Sterling Business Services Private Limited | ₹9.06 Lakh (FY 2023) | -30.0% | Chennai, Tamil Nadu, India | |||
| Caprihans Trexim Pvt. Ltd. | ₹9.06 Lakh (FY 2025) | 69.0% | Kolkata, West Bengal, India | |||
| Sribanu Chits (India) Private Limitedthis company | ₹9.05 Lakh (FY 2024) | ₹49,071 | 5.4% | -14.0% | Palladam, Tamil Nadu, India | |
| Olari Little Flower Kuries Limited | ₹9.05 Lakh (FY 2019) | -45.0% | Thrissur, Kerala, India | |||
| MVNL Nidhi Limited | ₹9.05 Lakh (FY 2024) | -24.0% | Thrissur, Kerala, India | |||
| Maharatn Mutual Benefit Nidhi Limited | ₹9.04 Lakh (FY 2024) | 35.0% | Chhindwara, Madhya Pradesh, India | |||
| Dhanlakshya Nidhi Limited | ₹9.04 Lakh (FY 2021) | -72.0% | Delhi, India | |||
| Sea Meridian Shipping Services Private Limited | ₹9.04 Lakh (FY 2025) | -86.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Sribanu Chits (India) Private Limited, buy the company report.
Auditor
Sribanu Chits (India) Private Limited is audited by AL TN AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AL TN AND CO | FY 2017 | 009689S |
Shareholding
The shareholding of Sribanu Chits (India) Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sribanu Chits (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sribanu Chits (India) 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 Sribanu Chits (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sribanu Chits (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AANCS7824E1Z8 | Tamil Nadu | Active | 08 Jul 2017 |
To see the full GST registrations and return filing status of Sribanu Chits (India) Private Limited, buy the company report.
Recent activity
Sribanu Chits (India) Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Marappagounder Palanisaamy was appointed as Director on 24 Sep 2009.
Frequently asked questions
Sribanu Chits (India) is an active private limited company based in Palladam, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 24 September 2009 (17+ years old) and is registered under CIN U65992TZ2009PTC015509.
Sribanu Chits (India) has 2 current directors:
- Palanisaamy Banumathi - Director
- Marappagounder Palanisaamy - Director
The latest financial statements of Sribanu Chits (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sribanu Chits (India) is 33AANCS7824E1Z8, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Sribanu Chits (India) is U65992TZ2009PTC015509. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sribanu Chits (India) was incorporated on 24 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Sribanu Chits (India) by revenue are Vishna India Nidhi Limited, Sagarratna Mutual Benefit Nidhi Limited, Altera Distributors Private Limited, Sterling Business Services Private Limited, Caprihans Trexim Pvt. Ltd. and 5 more, all in the same principal business activity (other financial activities).
Marappagounder Palanisaamy was appointed as Director on 24 Sep 2009. Palanisaamy Banumathi was appointed as Director on 24 Sep 2009.
The registered office of Sribanu Chits (India) is at No.41B First Floor Ngr Road, Palladam, Tamil Nadu, India – 641664.
Sribanu Chits (India) operates in the financial services industry, in the financial activities segment.
The compliance status of Sribanu Chits (India) is compliant as of 27 September 2026. The company is actively filing with the Registrar of Companies.
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