Vasurevath Chits Private Limited
About Vasurevath Chits Private Limited
Data last updated:
Vasurevath Chits Private Limited was a private limited company based in Karuvatta P O, Kerala, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the chit fund and microfinance segment of the financial services sector. It was incorporated on 22 November 2018.
The company was registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2018PTC055605.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors Valsala Suresh Kumar and Rahakishnan Kuttan Pillai Suresh Kumar.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at V/158.C Revathy – Kamala Towers, Karuvatta P O, Kerala, India – 690517.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.37 Lakh, a growth of 67% compared to the previous year. For the same year it recorded a net profit of ₹10,759 (net margin 4.5%) and EBITDA of ₹15,410 (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 262% over three years.
Company details
Contact details
Vasurevath Chits Private Limited's registered office is in Karuvatta P O, Kerala. Its e-mail address is in the company report.
- Email
- Registered AddressV/158.C Revathy – Kamala Towers, Karuvatta P O, Kerala, India – 690517
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
To see the full contact details of Vasurevath 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 Vasurevath 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 Vasurevath Chits Private Limited, buy the company report.
Financials of Vasurevath Chits Private Limited
FY 2022 filings availableVasurevath Chits Private Limited reported revenue of ₹2.37 Lakh (up 67% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 262% over three years, including 67% growth in the latest year. EBITDA fell 81% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹2.37 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹15,410 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹10,759 | |||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.5% | |||
| Net Profit Margin | 4.5% | |||
| 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 Vasurevath Chits Private Limited, buy the company report.
Board of directors of Vasurevath Chits Private Limited
Vasurevath Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Valsala Suresh Kumar Also directs: Vasurevath Nidhi Limited | Director | 22 Nov 2018 | 7 Years 11 Months | As last reported |
| Rahakishnan Kuttan Pillai Suresh Kumar Also directs: Vasurevath Nidhi Limited | Director | 22 Nov 2018 | 7 Years 11 Months | As last reported |
Peer comparison
Vasurevath 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 |
|---|---|---|---|---|---|---|
| Ujjwal Mudra Benefits Nidhi Limited | ₹2.38 Lakh (FY 2024) | Jagdishpur, Bihar, India | ||||
| Samman Nidhi Limited | ₹2.37 Lakh (FY 2021) | 245.0% | Pali, Rajasthan, India | |||
| Dhyeya Multistate Ghargaon Nidhi Limited | ₹2.37 Lakh (FY 2022) | Ahmednagar, Maharashtra, India | ||||
| Jayant Security and Finance Limited | ₹2.37 Lakh (FY 2025) | -99.0% | Vadodara, Gujarat, India | |||
| RDB Chitties Private Limited | ₹2.37 Lakh (FY 2025) | -21.0% | Ernakulam, Kerala, India | |||
| Vasurevath Chits Private Limitedthis company | ₹2.37 Lakh (FY 2022) | ₹10,759 | 4.5% | 67.0% | Karuvatta P O, Kerala, India | |
| Heptagon Nidhi Limited | ₹2.37 Lakh (FY 2023) | 3.0% | Baseri, Rajasthan, India | |||
| Rajesh Kadam Nidhi Limited | ₹2.37 Lakh (FY 2023) | Udgir, Maharashtra, India | ||||
| Knighthealth Technologies Private Limited | ₹2.37 Lakh (FY 2025) | -37.0% | Bangalore, Karnataka, India | |||
| Saikat Tradelink Private Limited | ₹2.37 Lakh (FY 2017) | -20.0% | Kolkata, West Bengal, India | |||
| Jansahyogparivar Futures Nidhi Limited | ₹2.37 Lakh (FY 2025) | -87.0% | Dehradun, Uttarakhand, India |
To see the full peer comparison of Vasurevath Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vasurevath 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 Vasurevath 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 Vasurevath Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vasurevath Chits Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Rahakishnan Kuttan Pillai Suresh Kumar was appointed as Director on 22 Nov 2018.
Frequently asked questions
Vasurevath Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Vasurevath Chits was a private limited company based in Karuvatta P O, Kerala, India. The company worked in chit fund, within the financial services industry. It was incorporated on 22 November 2018 and is registered under CIN U65992KL2018PTC055605. The company has been struck off by the Registrar of Companies and is no longer operational.
Vasurevath Chits had 2 directors:
- Valsala Suresh Kumar - Director
- Rahakishnan Kuttan Pillai Suresh Kumar - Director
The CIN (Corporate Identification Number) of Vasurevath Chits is U65992KL2018PTC055605. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vasurevath Chits is at V158.C Revathy – Kamala Towers, Karuvatta P O, Kerala, India – 690517.
Vasurevath Chits was incorporated on 22 November 2018. It is registered with the Registrar of Companies, Ernakulam.
The latest financial statements of Vasurevath Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from FY 2019 are in the company report.
Vasurevath Chits operated in the financial services industry, in the chit fund segment. It worked in this industry before it was struck off.
The peers of Vasurevath Chits by revenue are Ujjwal Mudra Benefits Nidhi Limited, Samman Nidhi Limited, Dhyeya Multistate Ghargaon Nidhi Limited, Jayant Security and Finance Limited, RDB Chitties Private Limited and 5 more, all in the same principal business activity (other financial activities).
Rahakishnan Kuttan Pillai Suresh Kumar was appointed as Director on 22 Nov 2018. Valsala Suresh Kumar was appointed as Director on 22 Nov 2018.
Vasurevath Chits can be reached at its registered office: V158.C Revathy – Kamala Towers, Karuvatta P O, Kerala, India – 690517.