Uday Chits Private Limited
About Uday Chits Private Limited
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Uday Chits Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 05 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2015PTC101688. Its GSTIN is 33AABCU8391A1ZI (Tamil Nadu).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Udayakumar Veeraraghavan (Managing Director) and Udayakumar Rahul.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.17 M.G.R Salai Nagelkani. Chrompet, Chennai, Tamil Nadu, India – 600044.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.47 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹17.42 Lakh (net margin 7.1%) and EBITDA of ₹37.28 Lakh (EBITDA margin 15.1%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years.
As per MCA filings, the company has open charges of ₹1.51 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo.17 M.G.R Salai Nagelkani. Chrompet, Chennai, Tamil Nadu, India – 600044
- IndustryFinancial Services, Microfinance Institutions
- 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
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Business Activity of Uday Chits Private Limited
The main business activity of Uday Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Uday Chits Private Limited FY 2024 filings available
Uday Chits Private Limited reported revenue of ₹2.47 Cr (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Uday Chits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 12% over three years, including 1% growth in the latest year. EBITDA fell 6% 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 of Uday Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹37.28 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹17.42 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 of Uday Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Uday Chits are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Uday Chits Private Limited
Uday Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kandan Mutual Benefit Saswatha Nidhi Limited | ₹2.55 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Chennai, Tamil Nadu, India |
| Gunashree Chits Private Limited | ₹2.53 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Udumalpet, Tamil Nadu, India |
| Yuvraj Nidhi Limited | ₹2.53 Cr (FY 2024) | •••• | •••• | 148.0% | •••• | Mysore, Karnataka, India |
| Alapati Chit Fund Private Limited | ₹2.51 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Hyderabad, Telangana, India |
| CMB India Nidhi Limited | ₹2.47 Cr (FY 2023) | •••• | •••• | 168.0% | •••• | Allahabad, Uttar Pradesh, India |
| Uday Chits Private Limited this company | ₹2.47 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Chennai, Tamil Nadu, India |
| Oormi Chitfunds (India) Private Limited | ₹2.46 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Hyderabad, Telangana, India |
| Vasuprada Chits Private Limited | ₹2.46 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Hyderabad, Telangana, India |
| Sivaharsha Chits Private Limited. | ₹2.46 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Bangalore, Karnataka, India |
| Jagajjanani Chit Funds Private Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Rajahmundry, Telangana, India |
| Viswapragathi Chit Funds Private Limited | ₹2.43 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Cuddapah, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Uday Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Uday Chits Private Limited
Uday Chits Private Limited is audited by Manohar Chowdhry & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Manohar Chowdhry & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Uday Chits Private Limited
Uday Chits has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Udayakumar Rahul | Director | 24 Nov 2022 | 3 Years 10 Months | Current |
| Geetha Udayakumar | Director | 05 Aug 2015 | 11 Years 2 Months | Current |
| Udayakumar Veeraraghavan | Managing Director | 05 Aug 2015 | 11 Years 2 Months | Current |
Ownership and Shareholding of Uday Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Uday Chits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2017 | Others | ₹50,000 | Open |
| 23 Feb 2017 | Others | ₹1.5 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Uday Chits Private Limited
Employment history and EPFO contributions of people linked to Uday Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Uday Chits Private Limited
Uday Chits Private Limited has 4 board changes on record since 2015: 3 appointments and 1 cessation. The latest: Udayakumar Rahul ceased to be Director on 28 Feb 2025.
Credit Ratings, Litigation & Regulatory Alerts for Uday Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- 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 Uday Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Uday Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Uday Chits Private Limited
Uday Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCU8391A1ZI | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Uday Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Uday Chits Private Limited
Uday Chits is an active private limited company based in Chennai, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 05 August 2015 (11+ years old) and is registered under CIN U65992TN2015PTC101688.
Uday Chits reported revenue of ₹2.47 Cr for FY 2024 (up 1% YoY).
Uday Chits has 3 current directors:
- Udayakumar Veeraraghavan - Managing Director
- Udayakumar Rahul - Director
- Geetha Udayakumar - Director
Uday Chits reported a net profit of ₹17.42 Lakh (net margin 7.1%) and EBITDA of ₹37.28 Lakh (EBITDA margin 15.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Uday Chits is 12% over three years. In the latest year (FY 2024) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Uday Chits is 33AABCU8391A1ZI, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Uday Chits is U65992TN2015PTC101688. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Uday Chits was incorporated on 05 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Uday Chits by revenue are Kandan Mutual Benefit Saswatha Nidhi Limited, Gunashree Chits Private Limited, Yuvraj Nidhi Limited, Alapati Chit Fund Private Limited, CMB India Nidhi Limited and 5 more, all in the BFSI industry (Micro Finance).
Udayakumar Rahul ceased to be Director on 28 Feb 2025. Udayakumar Rahul was appointed as Director on 24 Nov 2022. Geetha Udayakumar was appointed as Director on 05 Aug 2015. Uday Chits has 4 board changes on record in total.
The registered office of Uday Chits is at No.17 M.G.R Salai Nagelkani. Chrompet, Chennai, Tamil Nadu, India – 600044.