It is a financial services private limited company based in Bangalore, Karnataka, India, established in 1991.
1991 | Bangalore, Karnataka, India | ActiveTern 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.
U65992KA1991PTC011648
011648
06 February 1991
₹1.50 M
₹1.50 M
Roc Bangalore
Unlisted
Active
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| 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 |
| 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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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%.
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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.
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₹3,600,000.00
₹1,096,000.00
| 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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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.
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.
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Tern Credits And Chits Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was recorded as a recent event.
The activity Tern Credits And Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore. was completed.
Progress on A charge with City Union Bank Limited amounted to Rs. 3.60 M with Charge ID 100961024 was registered on 02 Aug 2024. was documented.
A charge registered on 11 Nov 2015 via Charge ID 10606448 with City Union Bank Limited was fully satisfied on 16 Nov 2018. was recorded as a recent event.
A charge with City Union Bank Limited amounted to Rs. 0.35 M with Charge ID 10606448 was registered on 11 Nov 2015. was recorded as a recent event.
The activity 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 9 months . was completed.
The CIN of Tern Credits And Chits Private Limited is U65992KA1991PTC011648.
Tern Credits And Chits Private Limited is headquartered at No.H-13, Sri Balaji Complex,125 Sultanpet, Bangalore, Bangalore, Karnataka, 560053.
Tern Credits And Chits Private Limited was incorporated on 06 February 1991.
The current directors of Tern Credits And Chits Private Limited are
The primary industry of Tern Credits And Chits Private Limited is Financial And Insurance Service.
Tern Credits And Chits Private Limited is unlisted.
The authorized capital of Tern Credits And Chits Private Limited is ₹1.50 M, and the paid-up capital is ₹1.50 M.
The compliance status of Tern Credits And Chits Private Limited is Compliant.
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