Tern Credits And Chits Private Limited
About Tern Credits And Chits Private Limited
Data last updated: 08 January 2026
Tern Credits And Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It specialises in microfinance institutions, a part of the broader financial services sector. Incorporated on 06 February 1991, the company has been in operation for over 35 years.
Registered with ROC Bangalore under CIN U65992KA1991PTC011648.
Capital: an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Ramanathan Govindan Kutty and Ramesh Vasudeva Rao.
Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: No.H – 13 Sri Balaji Complex 125 Sultanpet Bangalore, Karnataka, India – 560053.
As per the financials filed for FY 2025, the company reported a revenue of ₹81.86 Lakh, a growth of 7% compared to the previous year.
The company has a workforce of approximately 4 employees as per the latest available data.
As per MCA filings, the company has open charges of ₹36 Lakh and satisfied charges of ₹10.96 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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Registered AddressNo.H – 13 Sri Balaji Complex 125 Sultanpet Bangalore, Karnataka, India – 560053
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IndustryFinancial Services, Microfinance Institutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Business Activity of Tern Credits And Chits Private Limited
Tern Credits And Chits Private Limited is engaged in the principal business activity of financial and insurance activities, with detailed activities including activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details for Tern Credits And Chits Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Tern Credits And Chits Private Limited
Tern Credits And Chits Private Limited is audited by M.C. SHEKAR & Co. for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M.C. SHEKAR & Co. | Locked | Locked | Locked |
Complete auditor history for Tern Credits And Chits Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Tern Credits And Chits Private Limited
Tern Credits And Chits Private Limited is currently managed by 3 directors, with 4 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanathan Govindan Kutty | Whole-Time Director | 01 Jun 2002 | 24 Years 1 Months | Current |
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Ramesh Vasudeva Rao
Also directs:
Precision Compaid Mouldings Private Limited
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Whole-Time Director | 02 Apr 2012 | 14 Years 3 Months | Current |
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Srinivasavardhan Venkatachari
Also directs:
Precision Compaid Mouldings Private Limited
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Managing Director | 24 Jul 1992 | 33 Years 11 Months | Current |
Financials of Tern Credits And Chits Private Limited FY 2025 filings available
Tern Credits And Chits Private Limited reported revenue of ₹81.86 Lakh (up 7.00% YoY) for FY 2025.
Ten-year financial statements for Tern Credits And Chits Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Tern Credits And Chits Private Limited
Shareholding and ownership data for Tern Credits And Chits Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Tern Credits And Chits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Aug 2024 | City Union Bank Limited | ₹36 Lakh | Open |
| 11 Nov 2015 | City Union Bank Limited | ₹3.5 Lakh | Satisfied |
| 21 May 2009 | City Union Bank Limited | ₹6.5 Lakh | Satisfied |
| 30 Aug 2002 | City Union Bank | ₹41,000 | Satisfied |
| 11 Jul 2002 | City Union Bank | ₹55,000 | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Tern Credits And Chits Private Limited
Tern Credits And Chits Private Limited has a workforce of 4 employees as of Apr 03, 2024.
Employee and EPFO history for Tern Credits And Chits Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Tern Credits And Chits Private Limited
GST registrations and filing compliance for Tern Credits And Chits Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Tern Credits And Chits Private Limited
Credit ratings, litigation, and regulatory alerts for Tern Credits And Chits Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Tern Credits And Chits Private Limited
MSME payment history for Tern Credits And Chits Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Tern Credits And Chits Private Limited
Corporate group structure for Tern Credits And Chits Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Tern Credits And Chits Private Limited
MCA filings and documents for Tern Credits And Chits Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Tern Credits And Chits Private Limited
Frequently Asked Questions about Tern Credits And Chits Private Limited
Tern Credits And Chits Private Limited is an active private limited company in the financial services sector based in Bangalore, Karnataka, India. It was incorporated on 06 February 1991 (35+ years old) and is registered under CIN U65992KA1991PTC011648. The company has 4 employees.
Tern Credits And Chits Private Limited reported revenue of ₹81.86 Lakh for FY 2025 (up 7.00% YoY).
The current directors of Tern Credits And Chits Private Limited are:
- Ramanathan Govindan Kutty - Whole-Time Director
- Ramesh Vasudeva Rao - Whole-Time Director
- Srinivasavardhan Venkatachari - Managing Director
The primary industry of Tern Credits And Chits Private Limited is financial services. The company specifically operates in microfinance institutions. The company is currently active in this sector.
Tern Credits And Chits Private Limited can be reached at the registered office: No.H – 13 Sri Balaji Complex 125 Sultanpet Bangalore, Karnataka, India – 560053.
The authorised capital is ₹15 Lakh, and the paid-up capital is ₹15 Lakh.