Sterling Chits Private Limited
About Sterling Chits Private Limited
Data last updated:
Sterling 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 11 June 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN1985PTC011931.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors Rama Rao Kanduri Lakshmi Venkata (Managing Director) and Balavenkata Sureshbabu Perumala.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Hanging Gardens No.14 Vidyodaya Ist Cross St T.Nagar, Chennai, Tamil Nadu, India – 600017.
As per MCA filings, the company has open charges of ₹4.9 Cr and satisfied charges of ₹28.8 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Sterling Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHanging Gardens No.14 Vidyodaya Ist Cross St T.Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sterling 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
Financials of Sterling Chits Private Limited
FY 2017 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Sterling Chits Private Limited, buy the company report.
Board of directors of Sterling Chits Private Limited
Sterling Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rama Rao Kanduri Lakshmi Venkata | Managing Director | 11 Jun 1985 | 41 Years 4 Months | Current |
| Balavenkata Sureshbabu Perumala | Additional Director | 30 Jul 2018 | 8 Years 3 Months | Current |
Auditor
Sterling Chits Private Limited is audited by G SIVAPRAKASH for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G SIVAPRAKASH | FY 2017 | 024556 |
Shareholding
The shareholding of Sterling Chits 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 |
|---|---|---|---|
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| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sterling Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2014 | 10529387 | State Bank of India | ₹4.9 Cr | Open | |
| 14 Jan 2011 | 10264981 | State Bank of India | ₹10 Cr | Satisfied | |
| 12 May 2007 | 10052821 | State Bank of India | ₹17.8 Cr | Satisfied | |
| 16 Aug 1999 | 90322239 | The Bank of Rajasthank Ltd. | ₹1 Cr | Satisfied |
To see the full charge records of Sterling Chits Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Sterling 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 Sterling 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 Sterling Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sterling Chits Private Limited has 5 board changes on record since 1985: 2 appointments and 3 cessations. The latest: Balavenkata Sureshbabu Perumala was appointed as Additional Director on 30 Jul 2018.
3 earlier events are in the company report.
Frequently asked questions
Sterling 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 11 June 1985 (41+ years old) and is registered under CIN U65992TN1985PTC011931.
Sterling Chits has 2 current directors:
- Rama Rao Kanduri Lakshmi Venkata - Managing Director
- Balavenkata Sureshbabu Perumala - Additional Director
The latest financial statements of Sterling Chits on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sterling Chits is U65992TN1985PTC011931. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sterling Chits was incorporated on 11 June 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chennai.
Balavenkata Sureshbabu Perumala was appointed as Additional Director on 30 Jul 2018. Priyadarshini Burrah Saravanan ceased to be Director on 30 Jul 2018. Prasad Nallamalli Babu Rajendra ceased to be Director on 24 Dec 2016. Sterling Chits has 5 board changes on record in total.
The registered office of Sterling Chits is at Hanging Gardens No.14 Vidyodaya Ist Cross St T.Nagar, Chennai, Tamil Nadu, India – 600017.
Sterling Chits operates in the financial services industry, in the microfinance institutions segment.
Sterling Chits has open charges of ₹4.9 Cr and satisfied charges of ₹28.8 Cr as per latest MCA filings.
The compliance status of Sterling Chits is active non-compliant as of 21 September 2026. The company is actively filing with the Registrar of Companies.
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