Tern Credits And Chits Private Limited - Company Profile

It is a financial services private limited company based in Bangalore, Karnataka, India, established in 1991.
1991 Bangalore, Karnataka, India Active
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About Tern Credits And Chits Private Limited

Tern Credits And Chits Private Limited, a active private limited company, was established on 06 February 1991 in Bangalore, Karnataka, India. Engaging in microfinance institutions within the financial and insurance service sector, it holds CIN: U65992KA1991PTC011648. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.50 M and a paid-up capital of ₹1.50 M.

It upholds a compliant status. Employing 4 professional, Its leadership includes Ramanathan Govindan Kutty (Whole-Time Director), Ramesh Vasudeva Rao (Whole-Time Director), Srinivasavardhan Venkatachari (Managing Director). Past directors included Shirvanthe Rao Srinivas, Ramesh Vasudeva Rao, Ramamurthy Thanigaimalai. It holds ₹3.60 M open charges and ₹1.10 M settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at No.H-13, Sri Balaji Complex,125 Sultanpet, Bangalore, Bangalore, Karnataka, 560053.

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

    +91-XXXXXXXXXX

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

  • CIN/LLPIN

    U65992KA1991PTC011648

  • Registration Number

    011648

  • Incorporation Date

    06 February 1991

  • Authorized Capital

    ₹1.50 M

  • Paid-Up Capital

    ₹1.50 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 1.50 M
  • Company Age 35 Year, 12 Days
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 3.60 M
  • Satisfied Charges ₹ 1.10 M
  • Revenue Growth **** -0.24%
  • Profit Growth **** 230.37%
  • Ebitda **** -128.29%
  • Net Worth 5.40%
  • Total Assets -6.65%
Company report

Tern Credits And Chits Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Tern Credits And 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 Tern Credits And Chits Private Limited?
Current Directors
Name Designation Appointment Date Status
Ramanathan Govindan Kutty Whole-Time Director 01 Jun 2002 Current
Ramesh Vasudeva Rao Whole-Time Director 02 Apr 2012 Current
Srinivasavardhan Venkatachari Managing Director 24 Jul 1992 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Whole-Time Director 07 Sep 2010 Past
Pramod Abcsdd Director 30 Sep 2015 Past
Pramod Abcsdd Director 19 Sep 2017 Past
Pramod Abcsdd Whole-Time Director 01 Nov 2017 Past

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Financial Performance of Tern Credits And Chits.

Tern Credits And Chits Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 0.24% decrease. The company also saw a substantial improvement in profitability, with a 230.37% increase in profit. The company's net worth moved up by a moderate rise of 5.4%.

Tern Credits And Chits revenue growth over time
Tern Credits And 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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 -0.24%
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*******
*******
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Revenue from Operations
*******
 0.14%
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*******
*******
Total Assets
*******
 -6.65%
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*******
*******
*******
Profit or Loss
*******
 230.37%
*******
*******
*******
*******
Net Worth
*******
 5.40%
*******
*******
*******
*******
EBITDA
*******
 -128.29%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Tern Credits And Chits?

In 2022, Tern Credits And Chits had a public holding of 92.93%. 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

₹3,600,000.00

Satisfied Charges

₹1,096,000.00

Charges Breakdown by Lending Institutions
  • City Union Bank Limited : 0.36 Cr
Latest Charge Details
Date Lender Amount Status
02 Aug 2024 City Union Bank Limited ₹3.60 M Open
11 Nov 2015 City Union Bank Limited ₹0.35 M Satisfied
21 May 2009 City Union Bank Limited ₹0.65 M Satisfied
30 Aug 2002 City Union Bank ₹0.04 M Satisfied
11 Jul 2002 City Union Bank ₹0.06 M Satisfied

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How Many Employees Work at Tern Credits And Chits?

Tern Credits And Chits has a workforce of 4 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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 Tern Credits And 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 Tern Credits And 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 Tern Credits And Chits
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Tern Credits And Chits Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was documented.

  • Balance Sheet

    Progress on Tern Credits And Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was documented.

  • Charges

    The activity A charge with City Union Bank Limited amounted to Rs. 3.60 M with Charge ID 100961024 was registered on 02 Aug 2024. was completed.

  • Charges

    The activity A charge registered on 11 Nov 2015 via Charge ID 10606448 with City Union Bank Limited was fully satisfied on 16 Nov 2018. was completed.

  • Charges

    The activity A charge with City Union Bank Limited amounted to Rs. 0.35 M with Charge ID 10606448 was registered on 11 Nov 2015. was completed.

  • Director Appointment

    Ramesh Vasudeva Rao was appointed as a Whole-time director was appointed as a Whole-time director on 02 Apr 2012 & has been associated with this company since 13 years 10 months . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Tern Credits And Chits Private Limited?

The CIN of Tern Credits And Chits Private Limited is U65992KA1991PTC011648.

Where is Tern Credits And Chits Private Limited headquartered?

Tern Credits And Chits Private Limited is headquartered at No.H-13, Sri Balaji Complex,125 Sultanpet, Bangalore, Bangalore, Karnataka, 560053.

When was Tern Credits And Chits Private Limited incorporated?

Tern Credits And Chits Private Limited was incorporated on 06 February 1991.

Who are the current directors of Tern Credits And Chits Private Limited?

The current directors of Tern Credits And Chits Private Limited are

What is the primary industry of Tern Credits And Chits Private Limited?

The primary industry of Tern Credits And Chits Private Limited is Financial And Insurance Service.

Is Tern Credits And Chits Private Limited a listed company?

Tern Credits And Chits Private Limited is unlisted.

What is the capital structure of Tern Credits And Chits Private Limited?

The authorized capital of Tern Credits And Chits Private Limited is ₹1.50 M, and the paid-up capital is ₹1.50 M.

What is the compliance status of Tern Credits And Chits Private Limited?

The compliance status of Tern Credits And Chits Private Limited is Compliant.

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