Tern Credits and Chits Private Limited
About Tern Credits and Chits Private Limited
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Tern Credits and Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 06 February 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1991PTC011648. Its GSTIN is 29AAACT7195C1Z5 (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Srinivasavardhan Venkatachari (Managing Director) and Ramanathan Govindan Kutty (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 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. For the same year it recorded a net profit of ₹2.28 Lakh (net margin 2.8%) and EBITDA of ₹3.92 Lakh (EBITDA margin 4.8%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 2% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹36 Lakh and satisfied charges of ₹10.96 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Tern Credits and Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.H – 13 Sri Balaji Complex 125 Sultanpet Bangalore, Karnataka, India – 560053
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Tern Credits and 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
Business activity
The main business activity of Tern Credits and Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Tern Credits and Chits Private Limited, buy the company report.
Financials of Tern Credits and Chits Private Limited
FY 2025 filings availableTern Credits and Chits Private Limited reported revenue of ₹81.86 Lakh (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 20% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.92 Lakh | ||||
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| Net Profit (PAT) | ₹2.28 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 4.8% | ||||
| Net Profit Margin | 2.8% | ||||
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To see the full financial statements and ratios of Tern Credits and Chits Private Limited, buy the company report.
Board of directors of Tern Credits and Chits Private Limited
Tern Credits and Chits has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanathan Govindan Kutty | Whole-Time Director | 01 Jun 2002 | 24 Years 5 Months | Current |
| Ramesh Vasudeva Rao Also directs: Precision Compaid Mouldings Private Limited | Whole-Time Director | 02 Apr 2012 | 14 Years 6 Months | Current |
| Srinivasavardhan Venkatachari Also directs: Precision Compaid Mouldings Private Limited | Managing Director | 24 Jul 1992 | 34 Years 3 Months | Current |
Auditor
Tern Credits and Chits Private Limited is audited by M.C. SHEKAR & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.C. SHEKAR & Co. | FY 2022 | 05128S |
Shareholding
The shareholding of Tern Credits and Chits Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tern Credits and Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2024 | 100961024 | City Union Bank Limited | ₹36 Lakh | Open | |
| 11 Nov 2015 | 10606448 | City Union Bank Limited | ₹3.5 Lakh | Satisfied | |
| 21 May 2009 | 10159279 | City Union Bank Limited | ₹6.5 Lakh | Satisfied | |
| 30 Aug 2002 | 90192597 | City Union Bank | ₹41,000 | Satisfied | |
| 11 Jul 2002 | 90192577 | City Union Bank | ₹55,000 | Satisfied |
To see the full charge records of Tern Credits and Chits Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Tern Credits and Chits Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
To see the full case history of Tern Credits and Chits 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 Tern Credits and Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Tern Credits and Chits Private Limited has a workforce of 4 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Tern Credits and Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACT7195C1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tern Credits and Chits Private Limited, buy the company report.
Recent activity
Tern Credits and Chits Private Limited has 7 board changes on record since 1992: 3 appointments and 4 cessations. The latest: Srinivasa Sridhar ceased to be Whole-Time Director on 01 Nov 2017.
7 earlier events are in the company report.
Frequently asked questions
Tern Credits and Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 06 February 1991 (35+ years old) and is registered under CIN U65992KA1991PTC011648.
Tern Credits and Chits has 3 current directors:
- Srinivasavardhan Venkatachari - Managing Director
- Ramanathan Govindan Kutty - Whole-Time Director
- Ramesh Vasudeva Rao - Whole-Time Director
The latest financial statements of Tern Credits and Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tern Credits and Chits is 29AAACT7195C1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Tern Credits and Chits is U65992KA1991PTC011648. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tern Credits and Chits has 1 court case on record: 1 filed against it.
Tern Credits and Chits was incorporated on 06 February 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
Srinivasa Sridhar ceased to be Whole-Time Director on 01 Nov 2017. Ramamurthy Thanigaimalai ceased to be Director on 19 Sep 2017. Ramesh Vasudeva Rao ceased to be Director on 30 Sep 2015. Tern Credits and Chits has 7 board changes on record in total.
The registered office of Tern Credits and Chits is at No.H – 13 Sri Balaji Complex 125 Sultanpet Bangalore, Karnataka, India – 560053.
Tern Credits and Chits operates in the financial services industry, in the microfinance institutions segment.
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