Valargangai Chits Private Limited
About Valargangai Chits Private Limited
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Valargangai Chits Private Limited is a private limited company based in Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 10 June 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1992PTC004049.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Ramanathan Chandrasekaran and Athiratnam Pillai Kannan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 326 Mannayath Buildings N.S.R.Road Coimbatore – 641 011., Tamil Nadu, India.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.34 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹3.2 Lakh (net margin -136.5%) and EBITDA of -₹3.16 Lakh (EBITDA margin -134.6%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 27% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Valargangai Chits Private Limited's registered office is in Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address326 Mannayath Buildings N.S.R.Road Coimbatore – 641 011., Tamil Nadu, India
- IndustryFinancial Services, Financial Activities
To see the full contact details of Valargangai 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 Valargangai 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 Valargangai Chits Private Limited, buy the company report.
Financials of Valargangai Chits Private Limited
FY 2022 filings availableValargangai Chits Private Limited reported revenue of ₹2.34 Lakh (down 60% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 60% fall in the latest year. EBITDA fell 77% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹3.16 Lakh | ||||
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| Net Profit (PAT) | -₹3.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | -134.6% | ||||
| Net Profit Margin | -136.5% | ||||
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To see the full financial statements and ratios of Valargangai Chits Private Limited, buy the company report.
Board of directors of Valargangai Chits Private Limited
Valargangai Chits has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanathan Chandrasekaran | Director | 10 Jun 1992 | 34 Years 4 Months | Current |
| Athiratnam Pillai Kannan | Director | 10 Jun 1992 | 34 Years 4 Months | Current |
| Suresh Kumar | Director | 10 Jun 1992 | 34 Years 4 Months | Current |
Peer comparison
Valargangai 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 |
|---|---|---|---|---|---|---|
| Gainworthy Investments Private Limited | ₹2.35 Lakh (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| R V G Chit Funds Private Limited | ₹2.35 Lakh (FY 2024) | 42.0% | Coimbatore, Tamil Nadu, India | |||
| Guli Paper & Finance Pvt Ltd | ₹2.35 Lakh (FY 2024) | -71.0% | Kolkata, West Bengal, India | |||
| Adm Green Private Limited | ₹2.35 Lakh (FY 2025) | -64.0% | Pune, Maharashtra, India | |||
| DMG Chit Funds Private Limited | ₹2.34 Lakh (FY 2021) | Hyderabad, Telangana, India | ||||
| Valargangai Chits Private Limitedthis company | ₹2.34 Lakh (FY 2022) | -₹3.2 Lakh | -136.5% | -60.0% | Tamil Nadu, India | |
| Sai Navakoti Chits Private Limited | ₹2.34 Lakh (FY 2019) | -50.0% | Chikkaballapur, Karnataka, India | |||
| Ard Micro Finance | ₹2.34 Lakh (FY 2024) | -70.0% | Jaipur, Rajasthan, India | |||
| Angel Dust Creations Private Limited | ₹2.34 Lakh (FY 2018) | -94.0% | Mumbai, Maharashtra, India | |||
| Kunal Multipurpose Nidhi Limited | ₹2.34 Lakh (FY 2021) | Sangli, Maharashtra, India | ||||
| Shastra Chit Funds Private Limited | ₹2.34 Lakh (FY 2022) | -33.0% | Sanga Reddy, Telangana, India |
To see the full peer comparison of Valargangai Chits Private Limited, buy the company report.
Auditor
Valargangai Chits Private Limited is audited by COIMBATOREANNIAHVENKATESAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| COIMBATOREANNIAHVENKATESAN | FY 2017 | 019753 |
Shareholding
The shareholding of Valargangai 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 Valargangai Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Valargangai Chits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Valargangai Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Valargangai Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Valargangai Chits Private Limited has 8 board changes on record since 1992: 3 appointments and 5 cessations. The latest: Durai Muthulakshmi ceased to be Director on 01 Mar 2023.
Frequently asked questions
Valargangai Chits is an active private limited company based in Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 10 June 1992 (34+ years old) and is registered under CIN U65992TZ1992PTC004049.
Valargangai Chits has 3 current directors:
- Ramanathan Chandrasekaran - Director
- Athiratnam Pillai Kannan - Director
- Suresh Kumar - Director
The latest financial statements of Valargangai Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Valargangai Chits is U65992TZ1992PTC004049. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Valargangai Chits was incorporated on 10 June 1992, making it 34+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Valargangai Chits by revenue are Gainworthy Investments Private Limited, R V G Chit Funds Private Limited, Guli Paper & Finance Pvt Ltd, Adm Green Private Limited, DMG Chit Funds Private Limited and 5 more, all in the same principal business activity (other financial activities).
Durai Muthulakshmi ceased to be Director on 01 Mar 2023. Guhapriyan ceased to be Managing Director on 01 Mar 2023. Jansi Rani Somasundaram ceased to be Director on 01 Mar 2023. Valargangai Chits has 8 board changes on record in total.
The registered office of Valargangai Chits is at 326 Mannayath Buildings N.S.R.Road Coimbatore – 641 011., Tamil Nadu, India.
Valargangai Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Valargangai Chits is compliant as of 27 July 2026. The company is actively filing with the Registrar of Companies.
Valargangai Chits can be reached at its registered office: 326 Mannayath Buildings N.S.R.Road Coimbatore – 641 011, Tamil Nadu, India.