Swashakthi Chit Funds Private Limited
About Swashakthi Chit Funds Private Limited
Data last updated:
Swashakthi Chit Funds Private Limited is a private limited company based in Hanamkonda, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 02 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2010PTC068748. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹45 Lakh. It is led by directors including Lakshmi Suryaneni and Venkateshwar Rao Suryaneni.
Its last annual general meeting (AGM) was held on 01 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 1 – 7 – 692/1 Beside Spenscers Main Road Adalath Center Subedari, Hanamkonda, Telangana, India – 506001.
As per the financials filed for FY 2020, the company reported a revenue of ₹6.57 Lakh, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹6,190 (net margin -0.9%) and EBITDA of -₹6,190 (EBITDA margin -0.9%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 50% over five years.
Court records list 52 cases involving the company, including 28 filed by the company and 24 filed against it; 15 cases are pending.
Company details
CIN history
Swashakthi Chit Funds has one previous CIN (Corporate Identification Number): U65992AP2010PTC068748. The current CIN is U65992TG2010PTC068748, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG2010PTC068748 | Current |
| U65992AP2010PTC068748 | Previous |
Contact details
Swashakthi Chit Funds Private Limited's registered office is in Hanamkonda, Telangana. Its e-mail address is in the company report.
- Email
- Registered Address1 – 7 – 692/1 Beside Spenscers Main Road Adalath Center Subedari, Hanamkonda, Telangana, India – 506001
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Swashakthi Chit Funds 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 Swashakthi Chit Funds 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 Swashakthi Chit Funds Private Limited, buy the company report.
Financials of Swashakthi Chit Funds Private Limited
FY 2020 filings availableSwashakthi Chit Funds Private Limited reported revenue of ₹6.57 Lakh (up 6% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 6% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 50%. EBITDA fell 10% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹6.57 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹6,190 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6,190 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.9% | ||||
| Net Profit Margin | -0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Swashakthi Chit Funds Private Limited, buy the company report.
Board of directors of Swashakthi Chit Funds Private Limited
Swashakthi Chit Funds has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lakshmi Suryaneni | Director | 02 Jun 2010 | 16 Years 4 Months | Current |
| Venkateshwar Rao Suryaneni | Director | 02 Jun 2010 | 16 Years 4 Months | Current |
| Ramesh Verabomma | Additional Director | 22 Jul 2021 | 5 Years 3 Months | Current |
| Srinivas Rao Kalakuntla | Director | 22 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Swashakthi Chit Funds Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Mahadweep Credit Micro Finance | ₹6.6 Lakh (FY 2022) | 270.0% | Jaipur, Rajasthan, India | |||
| Jagadeeshwar Chit Funds Private Limited | ₹6.59 Lakh (FY 2025) | 0.0% | Warangal, Telangana, India | |||
| Rayat Vikas Urban Nidhi Limited | ₹6.58 Lakh (FY 2022) | Bhoom, Maharashtra, India | ||||
| Sri Kasireddy Nayana Chit Funds Private Limited | ₹6.58 Lakh (FY 2023) | -9.0% | Kurnool, Andhra Pradesh, India | |||
| Swashakthi Chit Funds Private Limitedthis company | ₹6.57 Lakh (FY 2020) | -₹6,190 | -0.9% | 6.0% | Hanamkonda, Telangana, India | |
| Anwita Chit Funds Private Limited | ₹6.55 Lakh (FY 2022) | 332.0% | Kamareddy, Telangana, India | |||
| Shivnetra Multipurpose Nidhi Limited | ₹6.5 Lakh (FY 2022) | Daund, Maharashtra, India | ||||
| Swaraksha Chit Funds Private Limited | ₹6.47 Lakh (FY 2024) | -20.0% | Kozhikode, Kerala, India |
To see the full peer comparison of Swashakthi Chit Funds Private Limited, buy the company report.
Legal cases
Swashakthi Chit Funds Private Limited has 52 court cases on record: 28 filed by Swashakthi Chit Funds, 24 filed against it. 15 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 51 | 23 | 15 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 52)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hanumakonda, Telangana | Execution petition | Filed against the company by an individual | Pending |
| District court, Jayashankar Bhupalapally, Telangana | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Warangal, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, Karimnagar, Telangana | Court case (STC-NI) | Filed against the company by an individual | Pending |
| District court, Warangal, Telangana | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Swashakthi Chit Funds 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 Swashakthi Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Swashakthi Chit Funds has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Swashakthi Chit Funds Private Limited, buy the company report.
Recent activity
Swashakthi Chit Funds Private Limited has 6 board changes on record since 2010: 4 appointments and 2 cessations. The latest: Venkateshwar Rao Suryaneni ceased to be Director on 28 Jul 2021.
Frequently asked questions
Swashakthi Chit Funds is an active private limited company based in Hanamkonda, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 02 June 2010 (16+ years old) and is registered under CIN U65992TG2010PTC068748.
Swashakthi Chit Funds has 4 current directors:
- Lakshmi Suryaneni - Director
- Venkateshwar Rao Suryaneni - Director
- Ramesh Verabomma - Additional Director
- Srinivas Rao Kalakuntla - Director
The latest financial statements of Swashakthi Chit Funds on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 01 December 2020. Year-wise statements from 2015 are in the company report.
No. Swashakthi Chit Funds has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Swashakthi Chit Funds is U65992TG2010PTC068748. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swashakthi Chit Funds has 52 court cases on record: 28 filed by the company and 24 filed against it. 15 are pending. Most are in the district courts.
Swashakthi Chit Funds was incorporated on 02 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Swashakthi Chit Funds by revenue are Mahadweep Credit Micro Finance, Jagadeeshwar Chit Funds Private Limited, Rayat Vikas Urban Nidhi Limited, Sri Kasireddy Nayana Chit Funds Private Limited, Anwita Chit Funds Private Limited and 2 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Venkateshwar Rao Suryaneni ceased to be Director on 28 Jul 2021. Ramesh Verabomma was appointed as Additional Director on 22 Jul 2021. Lakshmi Suryaneni ceased to be Director on 22 Jun 2021. Swashakthi Chit Funds has 6 board changes on record in total.
The registered office of Swashakthi Chit Funds is at 1 – 7 – 6921 Beside Spenscers Main Road Adalath Center Subedari, Hanamkonda, Telangana, India – 506001.
Swashakthi Chit Funds operates in the financial services industry, in the microfinance institutions segment.