About Thiripura Chits Private Limited
Data last updated:
Thiripura Chits Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 01 April 2003.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2003PTC050623. The company has 7 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹97 Lakh. It is led by directors including Krsihnaprasad Venkatrao Perumbude (Managing Director) and Vasuk.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 36 Jeenis Road 2nd Floor Saidapet Chennai – 15., Tamil Nadu, India – 600015.
As per the financials filed for FY 2016, the company reported a revenue of ₹74.41 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹10.84 Lakh (net margin 0.1%) and EBITDA of ₹4.92 Cr (EBITDA margin 6.6%).
The company has about 2,258 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thiripura Chits. As per MCA filings, the company has open charges of ₹8.94 Cr on record. Court records list 879 cases involving the company, including 555 filed by the company and 324 filed against it; 44 cases are pending.
The last known website on record is thiripurachits.com.
Company details
Contact details
Thiripura Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its website is thiripurachits.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address36 Jeenis Road 2nd Floor Saidapet Chennai – 15., Tamil Nadu, India – 600015
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Thiripura 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
Brands
Thiripura Chits operates one associated brand: Thiripura Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services through chit funds, flexible installments, and timely payments via a branch network. | thiripurachits.com |
Business activity
The main business activity of Thiripura Chits 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 Thiripura Chits Private Limited, buy the company report.
Financials of Thiripura Chits Private Limited
FY 2016 filings availableThiripura Chits Private Limited reported revenue of ₹74.41 Cr (up 54% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 54% in the latest year. EBITDA rose 43% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹74.41 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹4.92 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹10.84 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 6.6% | |
| Net Profit Margin | 0.1% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
| Debt-to-Equity Ratio | ||
| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
| Payable Days | ||
| Inventory Days | ||
| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Thiripura Chits Private Limited, buy the company report.
Board of directors of Thiripura Chits Private Limited
Thiripura Chits has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasuk | Director | 17 Aug 2011 | 15 Years 2 Months | As last reported |
| Achunair Venu | Director | 17 Aug 2011 | 15 Years 2 Months | As last reported |
| Sumana Also directs: Thiripura Capital Limited | Director | 17 Aug 2011 | 15 Years 2 Months | As last reported |
| Krsihnaprasad Venkatrao Perumbude Also directs: Thiripura Capital Limited | Managing Director | 01 Apr 2003 | 23 Years 7 Months | As last reported |
Peer comparison
Thiripura Chits Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| KPB Nidhi Limited | ₹101.59 Cr (FY 2025) | 23.0% | Aluva, Kerala, India | |||
| Dhanalakshmi Srinivasan Chit Funds Private Limited | ₹93.22 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Margadarsi Chits Private Limited | ₹89.21 Cr (FY 2024) | 3.0% | Chennai, Tamil Nadu, India | |||
| Dhanalakshmi Srinivasan Nidhi Limited | ₹82.45 Cr (FY 2025) | -7.0% | Perambalur, Tamil Nadu, India | |||
| TBF Nidhi (Kumbakonam) Limited | ₹77 Cr (FY 2025) | 28.0% | Kumbakonam, Tamil Nadu, India | |||
| Thiripura Chits Private Limitedthis company | ₹74.41 Cr (FY 2016) | ₹10.84 Lakh | 0.1% | 54.0% | 2,258 | Chennai, Tamil Nadu, India |
| Social Mutual Benefits Nidhi Limited | ₹72.63 Cr (FY 2025) | 8.0% | Dehradun, Uttarakhand, India | |||
| D N C Chits Private Limited | ₹72.04 Cr (FY 2025) | 17.0% | Dharmapuri Dt, Tamil Nadu, India | |||
| Sanghamithra Rural Financial Services | ₹70.36 Cr (FY 2025) | 26.0% | Bangalore, Karnataka, India | |||
| Kapil Chits (Telangana) Private Limited | ₹62.85 Cr (FY 2025) | 9.0% | T.Palem, Telangana, India | |||
| Shri Narayani Nidhi Limited | ₹59.79 Cr (FY 2024) | 36.0% | Thiruvarur, Tamil Nadu, India |
To see the full peer comparison of Thiripura Chits Private Limited, buy the company report.
Auditor
Thiripura Chits Private Limited is audited by SIVANANDAM & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SIVANANDAM & CO | FY 2016 | 007657S |
Shareholding
The shareholding of Thiripura Chits Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Thiripura Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2016 | 100062687 | Others | ₹1 Cr | Open | |
| 12 Oct 2016 | 100060877 | Others | ₹91.9 Lakh | Open | |
| 03 Oct 2016 | 100060875 | Others | ₹67.64 Lakh | Open | |
| 12 Sep 2016 | 100060871 | Others | ₹90.15 Lakh | Open | |
| 01 Jun 2016 | 100051861 | Vijaya Bank | ₹6.2 Lakh | Open |
Total charge records: 14 View all charges
Legal cases
Thiripura Chits Private Limited has 879 court cases on record: 555 filed by Thiripura Chits, 324 filed against it. 44 cases are pending and 835 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 871 | 317 | 43 |
| High courts | 8 | 7 | 1 |
Cases on record (5 of 879)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Civil suit | Filed against the company by Neelgund Developers and Builders Pvt Ltd R/By MD Mohammad Suleeman S/O Mahaboobsab Neelgund | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by PNB Housing Finance Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by PNB Housing Finance Limited | Pending |
| District court, Raigad, Maharashtra | Criminal miscellaneous application | Filed against the company by PNB Housing Finance Limited | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by Kotak Mahindra Prime Limited | Disposed |
To see the full case history of Thiripura 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 Thiripura Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thiripura Chits Private Limited has a workforce of 2,258 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Thiripura Chits has 7 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 Thiripura Chits Private Limited, buy the company report.
Recent activity
Thiripura Chits Private Limited has 9 board changes on record since 2003: 4 appointments and 5 cessations. The latest: Vasuk ceased to be Director on 16 Apr 2018.
14 earlier events are in the company report.
Frequently asked questions
Thiripura Chits is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Thiripura Chits is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 01 April 2003 and is registered under CIN U65992TN2003PTC050623. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Thiripura Chits has 4 current directors:
- Krsihnaprasad Venkatrao Perumbude - Managing Director
- Vasuk - Director
- Achunair Venu - Director
- Sumana - Director
The latest financial statements of Thiripura Chits on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Thiripura Chits is U65992TN2003PTC050623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thiripura Chits has open charges of ₹8.94 Cr and no satisfied charges on record as per latest MCA filings.
Thiripura Chits has 879 court cases on record: 555 filed by the company and 324 filed against it. 44 are pending. Most are in the district courts.
Thiripura Chits was incorporated on 01 April 2003. It is registered with the Registrar of Companies, Chennai.
The peers of Thiripura Chits by revenue are KPB Nidhi Limited, Dhanalakshmi Srinivasan Chit Funds Private Limited, Margadarsi Chits Private Limited, Dhanalakshmi Srinivasan Nidhi Limited, TBF Nidhi (Kumbakonam) Limited and 5 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Vasuk ceased to be Director on 16 Apr 2018. Karumbaiah Mandepanda Ganapathi ceased to be Director on 06 Apr 2018. Narayanan Potty Balakrishnan ceased to be Director on 06 Apr 2018. Thiripura Chits has 9 board changes on record in total.
Thiripura Chits can be reached through the website thiripurachits.com. Its registered office is in Chennai, Tamil Nadu, India.
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