About Vasyas Chit Fund Private Limited
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Vasyas Chit Fund Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 23 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2015PTC021999. Its GSTIN is 33AAFCV2961B1ZN (Tamil Nadu).
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.2 Cr. It is led by directors including Rajasampath and Raja Sampath Karupa Gounder Gowdham.
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.72/27 G.P Complex Chinna Sengodampalayam, Erode, Tamil Nadu, India – 638012.
As per the financials filed for FY 2025, the company reported a revenue of ₹79.2 Lakh, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹1.54 Lakh (net margin 1.9%) and EBITDA of ₹18.38 Lakh (EBITDA margin 23.2%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 3% over five years.
The company is associated with 1 brand: Vasyas Chit Fund. As per MCA filings, the company has open charges of ₹1.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vasyaschitfund.com.
Company details
Contact details
Vasyas Chit Fund Private Limited's registered office is in Erode, Tamil Nadu. Its website is vasyaschitfund.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.72/27 G.P Complex Chinna Sengodampalayam, Erode, Tamil Nadu, India – 638012
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Vasyas Chit Fund 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
Brands
Vasyas Chit Fund operates one associated brand: Vasyas Chit Fund. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Financial services including chit funds and referral programs in Erode, India. | vasyaschitfund.com |
Business activity
The main business activity of Vasyas Chit Fund 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 Vasyas Chit Fund Private Limited, buy the company report.
Financials of Vasyas Chit Fund Private Limited
FY 2024 filings availableVasyas Chit Fund Private Limited reported revenue of ₹79.2 Lakh (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 11% growth in the latest year. EBITDA rose 1% 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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| EBITDA | ₹18.38 Lakh | ||||
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| Net Profit (PAT) | ₹1.54 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 23.2% | ||||
| Net Profit Margin | 1.9% | ||||
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To see the full financial statements and ratios of Vasyas Chit Fund Private Limited, buy the company report.
Board of directors of Vasyas Chit Fund Private Limited
Vasyas Chit Fund has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajasampath | Director | 05 Apr 2017 | 9 Years 6 Months | Current |
| Raja Sampath Karupa Gounder Gowdham | Director | 23 Nov 2015 | 10 Years 11 Months | Current |
| Yugadevi | Director | 05 Apr 2017 | 9 Years 6 Months | Current |
Peer comparison
Vasyas Chit Fund Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Tirumala Balaji Chit Fund Private Limited | ₹80.78 Lakh (FY 2025) | -5.0% | Telangana, India | |||
| Bhagwan Mahaveer Chit Funds Private Limited | ₹79.76 Lakh (FY 2024) | 0.0% | Ottacamund, Tamil Nadu, India | |||
| Samastha Nair Nidhi Limited | ₹79.65 Lakh (FY 2023) | 24.0% | Karunagappally, Kerala, India | |||
| Vasyas Chit Fund Private Limitedthis company | ₹79.2 Lakh (FY 2025) | ₹1.54 Lakh | 1.9% | 11.0% | Erode, Tamil Nadu, India | |
| Goodluck India Micro Finance | ₹79.11 Lakh (FY 2025) | 11.0% | Varanasi, Uttar Pradesh, India | |||
| Trichy Sri Guberalakshmi Chits Private Limited | ₹78.94 Lakh (FY 2023) | 3.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Shree Balamurugan Chit Funds Private Limited | ₹78.57 Lakh (FY 2025) | 3.0% | Tamil Nadu, India |
To see the full peer comparison of Vasyas Chit Fund Private Limited, buy the company report.
Auditor
Vasyas Chit Fund Private Limited is audited by LOGANATHAN & SIVASUBRAMANIAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LOGANATHAN & SIVASUBRAMANIAN | FY 2023 | 007362S |
Shareholding
The shareholding of Vasyas Chit Fund Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vasyas Chit Fund Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2016 | 100063014 | City Union Bank Limited | ₹1.25 Cr | Open |
To see the full charge records of Vasyas Chit Fund Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Vasyas Chit Fund 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 Vasyas Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vasyas Chit Fund has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCV2961B1ZN | Tamil Nadu | Active | 01 Sep 2020 |
To see the full GST registrations and return filing status of Vasyas Chit Fund Private Limited, buy the company report.
Recent activity
Vasyas Chit Fund Private Limited has 6 board changes on record since 2015: 3 appointments and 3 cessations. The latest: Sarika ceased to be Director on 28 Jun 2023.
Frequently asked questions
Vasyas Chit Fund is an active private limited company based in Erode, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 23 November 2015 (11+ years old) and is registered under CIN U65992TZ2015PTC021999.
Vasyas Chit Fund has 3 current directors:
- Rajasampath - Director
- Raja Sampath Karupa Gounder Gowdham - Director
- Yugadevi - Director
The latest financial statements of Vasyas Chit Fund 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 FY 2016 are in the company report.
The GSTIN of Vasyas Chit Fund is 33AAFCV2961B1ZN, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Vasyas Chit Fund is U65992TZ2015PTC021999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vasyas Chit Fund was incorporated on 23 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Vasyas Chit Fund by revenue are Tirumala Balaji Chit Fund Private Limited, Bhagwan Mahaveer Chit Funds Private Limited, Samastha Nair Nidhi Limited, Goodluck India Micro Finance, Trichy Sri Guberalakshmi Chits Private Limited and 1 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Sarika ceased to be Director on 28 Jun 2023. Rajasampath ceased to be Additional Director on 30 Sep 2017. Yugadevi ceased to be Additional Director on 30 Sep 2017. Vasyas Chit Fund has 6 board changes on record in total.
Vasyas Chit Fund can be reached through the website vasyaschitfund.com. Its registered office is in Erode, Tamil Nadu, India.
The registered office of Vasyas Chit Fund is at No.7227 G.P Complex Chinna Sengodampalayam, Erode, Tamil Nadu, India – 638012.
Vasyas Chit Fund operates in the financial services industry, in the microfinance institutions segment.