Tower Chits Private Limited
About Tower Chits Private Limited
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Tower Chits Private Limited is a private limited company based in Palakkad, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 03 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2003PTC016660. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹19.86 Lakh. It is led by directors including Vasu Jayaprakash and Kattiramkunnan Chami Sahadevan.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7/53 8S M Complex College Road Palakkad P O, Kerala, India – 678001.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.3 Lakh, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹5.07 Lakh (net margin 27.7%) and EBITDA of ₹6.96 Lakh (EBITDA margin 38%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 3% over five years.
Court records list 5 cases involving the company, including 5 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Tower Chits Private Limited's registered office is in Palakkad, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address7/53 8S M Complex College Road Palakkad P O, Kerala, India – 678001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Tower 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 Tower 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 Tower Chits Private Limited, buy the company report.
Financials of Tower Chits Private Limited
FY 2025 filings availableTower Chits Private Limited reported revenue of ₹18.3 Lakh (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 3% fall in the latest year. EBITDA rose 117% 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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| Total Expenses | |||||
| EBITDA | ₹6.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.07 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38% | ||||
| Net Profit Margin | 27.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Tower Chits Private Limited, buy the company report.
Board of directors of Tower Chits Private Limited
Tower Chits has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasu Jayaprakash | Director | 30 Jun 2004 | 22 Years 4 Months | Current |
| Kattiramkunnan Chami Sahadevan Also directs: Fort City Chits Private Limited | Director | 03 Dec 2003 | 22 Years 11 Months | Current |
| Palanchery Ravindranathan | Director | 08 Aug 2019 | 7 Years 3 Months | Current |
| Kunhipacky Aboobacker | Director | 03 Dec 2003 | 22 Years 11 Months | Current |
| Ayyappan Nair Varavara Also directs: Fort City Chits Private Limited | Director | 03 Dec 2003 | 22 Years 11 Months | Current |
Peer comparison
Tower Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Ramanattukara Pravasi Nidhi Limited | ₹18.32 Lakh (FY 2024) | 38.0% | Ramanattukara, Kerala, India | |||
| Quickpay Solutions Private Limited | ₹18.32 Lakh (FY 2022) | 970.0% | Surat, Gujarat, India | |||
| Aradhana Mutual Benefit Nidhi Limited | ₹18.31 Lakh (FY 2025) | -54.0% | Chomu, Rajasthan, India | |||
| Claimoksh Services Private Limited | ₹18.31 Lakh (FY 2025) | -40.0% | Noida, Uttar Pradesh, India | |||
| Kashmeera Nidhi Limited | ₹18.3 Lakh (FY 2024) | -1.0% | Thrissur, Kerala, India | |||
| Tower Chits Private Limitedthis company | ₹18.3 Lakh (FY 2025) | ₹5.07 Lakh | 27.7% | -3.0% | Palakkad, Kerala, India | |
| Sarda Forex Exchange Private Limited | ₹18.29 Lakh (FY 2025) | 17.0% | Jamnagar, Gujarat, India | |||
| Mattakuzhi Sree Mahadeva Chit Funds Private Limited | ₹18.28 Lakh (FY 2025) | -3.0% | Ernakulam, Kerala, India | |||
| Krishnansh Fintech Private Limited | ₹18.27 Lakh (FY 2025) | 3.0% | Gandhinagar, Gujarat, India | |||
| Guruvayur Pravasi Nidhi Limited | ₹18.27 Lakh (FY 2025) | -8.0% | Thrissur, Kerala, India | |||
| Ainthinai Chit Funds Private Limited | ₹18.26 Lakh (FY 2024) | 19.0% | Madurai, Tamil Nadu, India |
To see the full peer comparison of Tower Chits Private Limited, buy the company report.
Auditor
Tower Chits Private Limited is audited by T.V.ANATHAKRISHNAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T.V.ANATHAKRISHNAN | FY 2017 | 022047 |
Shareholding
The shareholding of Tower Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Tower Chits Private Limited, buy the company report.
Legal cases
Tower Chits Private Limited has 5 court cases on record: 5 filed by Tower Chits. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 1 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Criminal complaint | Filed by the company against an individual | Pending |
| High Court | Appeal | Filed by the company against individuals | Pending |
| District court, Thrissur, Kerala | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Thrissur, Kerala | Criminal complaint | Filed by the company against an individual | Disposed |
| High Court | Court case (Crl.L.P.) | Filed by the company against individuals | Disposed |
To see the full case history of Tower 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 Tower Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tower Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Tower Chits Private Limited, buy the company report.
Recent activity
Tower Chits Private Limited has 7 board changes on record since 2003: 5 appointments and 2 cessations. The latest: Palanchery Ravindranathan was appointed as Director on 08 Aug 2019.
Frequently asked questions
Tower Chits is an active private limited company based in Palakkad, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 03 December 2003 (23+ years old) and is registered under CIN U65992KL2003PTC016660.
Tower Chits has 5 current directors:
- Vasu Jayaprakash - Director
- Kattiramkunnan Chami Sahadevan - Director
- Palanchery Ravindranathan - Director
- Kunhipacky Aboobacker - Director
- Ayyappan Nair Varavara - Director
The latest financial statements of Tower Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
No. Tower Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Tower Chits is U65992KL2003PTC016660. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tower Chits has 5 court cases on record: 5 filed by the company. 2 are pending. Most are in the district courts.
Tower Chits was incorporated on 03 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Tower Chits by revenue are Ramanattukara Pravasi Nidhi Limited, Quickpay Solutions Private Limited, Aradhana Mutual Benefit Nidhi Limited, Claimoksh Services Private Limited, Kashmeera Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Palanchery Ravindranathan was appointed as Director on 08 Aug 2019. Vadakkeveedu Sekharan Sureshkumar ceased to be Director on 08 Aug 2019. Vellappan Appukutty ceased to be Director on 31 Aug 2009. Tower Chits has 7 board changes on record in total.
The registered office of Tower Chits is at 753 8S M Complex College Road Palakkad P O, Kerala, India – 678001.
Tower Chits operates in the financial services industry, in the financial activities segment.
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