Vasavi Palamoor Chit Funds Private Limited
About Vasavi Palamoor Chit Funds Private Limited
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Vasavi Palamoor Chit Funds Private Limited is a private limited company based in Mahabubnagar, Telangana, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 27 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2011PTC077174.
The company has an authorised share capital of ₹12 Lakh and a paid-up capital of ₹12 Lakh. It is led by directors including Bhagyalaxmi Dharmapuram and Vishwanathan Obugari.
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 D.No. 1 – 7 – 151 Vasavi Complex Boyapally Gate, Mahabubnagar, Telangana, India – 509001.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.93 Lakh, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹85,676 (net margin 14.5%) and EBITDA of ₹1.19 Lakh (EBITDA margin 20%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Vasavi Palamoor Chit Funds has one previous CIN (Corporate Identification Number): U65992AP2011PTC077174. The current CIN is U65992TG2011PTC077174, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG2011PTC077174 | Current |
| U65992AP2011PTC077174 | Previous |
Contact details
Vasavi Palamoor Chit Funds Private Limited's registered office is in Mahabubnagar, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD.No. 1 – 7 – 151 Vasavi Complex Boyapally Gate, Mahabubnagar, Telangana, India – 509001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Vasavi Palamoor Chit Funds 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 Vasavi Palamoor Chit Funds 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 Vasavi Palamoor Chit Funds Private Limited, buy the company report.
Financials of Vasavi Palamoor Chit Funds Private Limited
FY 2024 filings availableVasavi Palamoor Chit Funds Private Limited reported revenue of ₹5.93 Lakh (up 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 66% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.19 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹85,676 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20% | ||||
| Net Profit Margin | 14.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vasavi Palamoor Chit Funds Private Limited, buy the company report.
Board of directors of Vasavi Palamoor Chit Funds Private Limited
Vasavi Palamoor Chit Funds has 10 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhagyalaxmi Dharmapuram | Director | 27 Oct 2011 | 15 Years 0 Months | Current |
| Vishwanathan Obugari | Director | 27 Oct 2011 | 15 Years 0 Months | Current |
| Batchu Ram Mohan | Director | 27 Oct 2011 | 15 Years 0 Months | Current |
| Prasad Nuggu | Director | 27 Oct 2011 | 15 Years 0 Months | Current |
| Ramesh Koukuntla | Director | 27 Oct 2011 | 15 Years 0 Months | Current |
| Chigulapally Vani | Director | 27 Oct 2011 | 15 Years 0 Months | Current |
Peer comparison
Vasavi Palamoor Chit Funds Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Aram Chit Funds Private Limited | ₹6.05 Lakh (FY 2025) | 81.0% | Salem, Tamil Nadu, India | |||
| Brigade Chit Funds Private Limited | ₹6.01 Lakh (FY 2020) | -51.0% | Bangalore, Karnataka, India | |||
| Adhokshaja Chit Funds Private Limited | ₹5.96 Lakh (FY 2019) | Kamareddy, Telangana, India | ||||
| Tirupur Lakshmi Vilas Chit Funds Private Limited | ₹5.93 Lakh (FY 2025) | 5.0% | Coimbatore, Tamil Nadu, India | |||
| Vasavi Palamoor Chit Funds Private Limitedthis company | ₹5.93 Lakh (FY 2024) | ₹85,676 | 14.5% | 26.0% | Mahabubnagar, Telangana, India | |
| Theni Sri Veerapandi Amman Chit Funds Private Limited | ₹5.9 Lakh (FY 2019) | -13.0% | Madurai Dt, Tamil Nadu, India | |||
| Shirdi Sai Chit Funds Private Limited | ₹5.83 Lakh (FY 2018) | -30.0% | Suryapet, Telangana, India | |||
| Vijayeebhava Chit Funds Private Limited | ₹5.76 Lakh (FY 2024) | 286.0% | Hanamkonda, Telangana, India |
To see the full peer comparison of Vasavi Palamoor Chit Funds Private Limited, buy the company report.
Auditor
Vasavi Palamoor Chit Funds Private Limited is audited by M.SURESH KUMAR for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.SURESH KUMAR | FY 2017 | 209531 |
Shareholding
The shareholding of Vasavi Palamoor Chit Funds Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vasavi Palamoor Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vasavi Palamoor Chit Funds 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 Vasavi Palamoor Chit Funds 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 Vasavi Palamoor Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vasavi Palamoor Chit Funds Private Limited has 12 board changes on record since 2011: 10 appointments and 2 cessations. The latest: Laxman Guddeti ceased to be Director on 25 Nov 2021.
3 earlier events are in the company report.
Frequently asked questions
Vasavi Palamoor Chit Funds is an active private limited company based in Mahabubnagar, Telangana, India. The company works in financial activities, within the financial services industry. It was incorporated on 27 October 2011 (15+ years old) and is registered under CIN U65992TG2011PTC077174.
Vasavi Palamoor Chit Funds has 10 current directors:
- Bhagyalaxmi Dharmapuram - Director
- Vishwanathan Obugari - Director
- Batchu Ram Mohan - Director
- Prasad Nuggu - Director
- Ramesh Koukuntla - Director
- Chigulapally Vani - Director
- Mydam Sharada - Director
- Malyala Aruna - Director
- Kandi Srinivasulu - Director
- Sreenivasaiah Setty Vobugari - Director
The latest financial statements of Vasavi Palamoor Chit Funds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vasavi Palamoor Chit Funds is U65992TG2011PTC077174. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vasavi Palamoor Chit Funds was incorporated on 27 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Vasavi Palamoor Chit Funds by revenue are Aram Chit Funds Private Limited, Brigade Chit Funds Private Limited, Adhokshaja Chit Funds Private Limited, Tirupur Lakshmi Vilas Chit Funds Private Limited, Theni Sri Veerapandi Amman Chit Funds Private Limited and 2 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Laxman Guddeti ceased to be Director on 25 Nov 2021. Vishala Kande ceased to be Director on 11 Aug 2020. Batchu Ram Mohan was appointed as Director on 27 Oct 2011. Vasavi Palamoor Chit Funds has 12 board changes on record in total.
The registered office of Vasavi Palamoor Chit Funds is at D.No. 1 – 7 – 151 Vasavi Complex Boyapally Gate, Mahabubnagar, Telangana, India – 509001.
Vasavi Palamoor Chit Funds operates in the financial services industry, in the financial activities segment.
The compliance status of Vasavi Palamoor Chit Funds is compliant as of 21 July 2026. The company is actively filing with the Registrar of Companies.
Vasavi Palamoor Chit Funds can be reached at its registered office: D.No. 1 – 7 – 151 Vasavi Complex Boyapally Gate, Mahabubnagar, Telangana, India – 509001.
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