Sterling Chits Private Limited - Company Profile

It is a financial services private limited company based in Chennai, Tamil Nadu, India, established in 1985.
1985 Chennai, Tamil Nadu, India Active
Last Updated:
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About Sterling Chits Private Limited

Sterling Chits Private Limited, a active private limited company, was established on 11 June 1985 in Chennai, Tamil Nadu, India. Engaging in microfinance institutions within the financial services sector, it holds CIN: U65992TN1985PTC011931. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.30 M.

It upholds a active non-compliant status. Its leadership includes Rama Rao Kanduri Lakshmi Venkata (Managing Director), Balavenkata Sureshbabu Perumala (Additional Director). Past directors included Grandhe Venkateswarlu, Priyadarshini Burrah Saravanan, Prasad Nallamalli Babu Rajendra. It holds ₹4.90 Cr open charges and ₹28.80 Cr settled loans. Its latest AGM occurred on 30 September 2017, with the balance sheet filed on 31 March 2017. It is based at Hanging Gardens, No.14,Vidyodaya Ist Cross St, T.Nagar,, Chennai, Tamil Nadu, 600017.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U65992TN1985PTC011931

  • Registration Number

    011931

  • Incorporation Date

    11 June 1985

  • Authorized Capital

    ₹0.50 M

  • Paid-Up Capital

    ₹0.30 M

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.30 M
  • Company Age 40 Year, 8 Months
  • Last Filing with ROC 31 Mar 2017
  • Open Charges ₹ 4.90 Cr
  • Satisfied Charges ₹ 28.80 Cr
  • Revenue Growth **** %
  • Profit Growth **** -3.08%
  • Ebitda **** -3.08%
  • Net Worth -4.07%
  • Total Assets -0.47%
Company report

Sterling Chits Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Sterling Chits Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Sterling Chits Private Limited?
Current Directors
Name Designation Appointment Date Status
Rama Rao Kanduri Lakshmi Venkata Managing Director 11 Jun 1985 Current
Balavenkata Sureshbabu Perumala Additional Director 30 Jul 2018 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 23 Jul 2014 Past
Pramod Abcsdd Director 30 Jul 2018 Past
Pramod Abcsdd Director 24 Dec 2016 Past

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Financial Performance of Sterling Chits.

Sterling Chits Private Limited, for the financial year ended 2017, experienced no change in revenue, with a 0% increase. The company also saw a slight decrease in profitability, with a 3.08% decrease in profit. The company's net worth dipped by a decrease of 4.07%.

Sterling Chits revenue growth over time
Sterling Chits profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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*******
*******
*******
*******
*******
Revenue from Operations
*******
*******
*******
*******
*******
*******
Total Assets
*******
 -0.47%
*******
*******
*******
*******
Profit or Loss
*******
 -3.08%
*******
*******
*******
*******
Net Worth
*******
 -4.07%
*******
*******
*******
*******
EBITDA
*******
 -3.08%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Sterling Chits?

In 2017, Sterling Chits had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹49,000,000.00

Satisfied Charges

₹288,000,000.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 4.90 Cr
Latest Charge Details
Date Lender Amount Status
29 Mar 2014 State Bank Of India ₹4.90 Cr Open
14 Jan 2011 State Bank Of India ₹10.00 Cr Satisfied
12 May 2007 State Bank Of India ₹17.80 Cr Satisfied
16 Aug 1999 The Bank Of Rajasthank Ltd. ₹1.00 Cr Satisfied

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How Many Employees Work at Sterling Chits?

Unlock and access historical data on people associated with Sterling Chits, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sterling Chits, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Sterling Chits's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Sterling Chits
Recent Activity within the Organization
  • Director Appointment

    Progress on Balavenkata Sureshbabu Perumala was appointed as a Additional Director was appointed as a Additional Director on 30 Jul 2018 & has been associated with this company since 7 years 7 months . was documented.

  • Annual General Meeting

    Sterling Chits Private Limited last Annual general meeting of members was held on 30 Sep 2017 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Sterling Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Chennai. was recorded as a recent event.

  • Charges

    A charge registered on 16 Aug 1999 via Charge ID 90322239 with The Bank Of Rajasthank Ltd. was fully satisfied on 06 Dec 2014. was recorded as a recent event.

  • Charges

    Progress on A charge registered on 14 Jan 2011 via Charge ID 10264981 with State Bank Of India was fully satisfied on 29 Oct 2014. was documented.

  • Charges

    The activity A charge registered on 12 May 2007 via Charge ID 10052821 with State Bank Of India was fully satisfied on 13 Oct 2014. was completed.

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Frequently Asked Questions
What is the CIN of Sterling Chits Private Limited?

The CIN of Sterling Chits Private Limited is U65992TN1985PTC011931.

Where is Sterling Chits Private Limited headquartered?

Sterling Chits Private Limited is headquartered at Hanging Gardens, No.14,Vidyodaya Ist Cross St, T.Nagar,, Chennai, Tamil Nadu, 600017.

When was Sterling Chits Private Limited incorporated?

Sterling Chits Private Limited was incorporated on 11 June 1985.

Who are the current directors of Sterling Chits Private Limited?

The current directors of Sterling Chits Private Limited are

What is the primary industry of Sterling Chits Private Limited?

The primary industry of Sterling Chits Private Limited is Financial Services.

Is Sterling Chits Private Limited a listed company?

Sterling Chits Private Limited is unlisted.

What is the capital structure of Sterling Chits Private Limited?

The authorized capital of Sterling Chits Private Limited is ₹0.50 M, and the paid-up capital is ₹0.30 M.

What is the compliance status of Sterling Chits Private Limited?

The compliance status of Sterling Chits Private Limited is Active Non-Compliant.

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