Vazhai Chits Private Limited
About Vazhai Chits Private Limited
Data last updated:
Vazhai Chits Private Limited is a private limited company based in Salem, Tamil Nadu, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 25 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U67100TZ2016PTC027589.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors including Karumandurai Perumal Chetty Karunanithi (Managing Director) and Prabhudevan Karpooravalli.
Its last annual general meeting (AGM) was held on 30 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 78/1 Kvb Bank Building Salem Main Road Valappady, Tamil Nadu, India – 636115.
As per the financials filed for FY 2019, the company reported a revenue of ₹17.4 Lakh, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹6,145 (net margin -0.4%) and EBITDA of -₹3,553 (EBITDA margin -0.2%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vazhai Chits Private Limited's registered office is in Salem, Tamil Nadu.
- Registered Address78/1 Kvb Bank Building Salem Main Road Valappady, Tamil Nadu, India – 636115
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
- 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 Vazhai 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 Vazhai Chits Private Limited, buy the company report.
Financials of Vazhai Chits Private Limited
FY 2019 filings availableVazhai Chits Private Limited reported revenue of ₹17.4 Lakh (down 52% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 52% in the latest year. EBITDA fell 101% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| 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 | -₹3,553 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹6,145 | ||
| 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 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.2% | ||
| Net Profit Margin | -0.4% | ||
| 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 Vazhai Chits Private Limited, buy the company report.
Board of directors of Vazhai Chits Private Limited
Vazhai Chits has 6 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhudevan Karpooravalli | Director | 25 May 2016 | 10 Years 5 Months | Current |
| Mothilal | Director | 25 May 2016 | 10 Years 5 Months | Current |
| Sivakumar Parimala | Director | 25 May 2016 | 10 Years 5 Months | Current |
| Karumandurai Perumal Chetty Karunanithi | Managing Director | 25 May 2016 | 10 Years 5 Months | Current |
| Manickam Chettiar Chandrasekaran | Director | 25 May 2016 | 10 Years 5 Months | Current |
| Lakshmanan Gopal | Director | 25 May 2016 | 10 Years 5 Months | Current |
Peer comparison
Vazhai 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 |
|---|---|---|---|---|---|---|
| Dhanalakshya Kuries India Private Limited | ₹17.43 Lakh (FY 2022) | 13.0% | Thrissur, Kerala, India | |||
| Varun Share Management Pvt Ltd | ₹17.41 Lakh (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Elakamon Akshaya Nidhi Limited | ₹17.41 Lakh (FY 2025) | 7.0% | Varkala, Kerala, India | |||
| Shri Abhay Surya Chits Private Limited | ₹17.41 Lakh (FY 2024) | 173.0% | Bangalore, Karnataka, India | |||
| Fine-Tech Securities Private Limited | ₹17.4 Lakh (FY 2025) | 2.0% | Delhi, India | |||
| Vazhai Chits Private Limitedthis company | ₹17.4 Lakh (FY 2019) | -₹6,145 | -0.4% | -52.0% | Salem, Tamil Nadu, India | |
| Carefree Investment Company Limited | ₹17.39 Lakh (FY 2019) | 19.0% | Noida, Uttar Pradesh, India | |||
| Nexus Finvest Private Limited | ₹17.39 Lakh (FY 2019) | -79.0% | Chennai, Tamil Nadu, India | |||
| GNS Chit Fund Private Limited | ₹17.39 Lakh (FY 2021) | 394.0% | Tirupati, Andhra Pradesh, India | |||
| Stier Artis Investment Private Limited | ₹17.38 Lakh (FY 2025) | 1.0% | Kozhikode, Kerala, India | |||
| MGR Holdings Private Limited | ₹17.38 Lakh (FY 2021) | 517.0% | Yamuna Nagar, Haryana, India |
To see the full peer comparison of Vazhai Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vazhai 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 Vazhai 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 Vazhai Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vazhai Chits Private Limited has 6 board changes on record since 2016: 6 appointments. The latest: Karumandurai Perumal Chetty Karunanithi was appointed as Managing Director on 25 May 2016.
Frequently asked questions
Vazhai Chits is an active private limited company based in Salem, Tamil Nadu, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 25 May 2016 (10+ years old) and is registered under CIN U67100TZ2016PTC027589.
Vazhai Chits has 6 current directors:
- Karumandurai Perumal Chetty Karunanithi - Managing Director
- Prabhudevan Karpooravalli - Director
- Mothilal - Director
- Sivakumar Parimala - Director
- Manickam Chettiar Chandrasekaran - Director
- Lakshmanan Gopal - Director
The latest financial statements of Vazhai Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 August 2019. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Vazhai Chits is U67100TZ2016PTC027589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vazhai Chits was incorporated on 25 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Vazhai Chits by revenue are Dhanalakshya Kuries India Private Limited, Varun Share Management Pvt Ltd, Elakamon Akshaya Nidhi Limited, Shri Abhay Surya Chits Private Limited, Fine-Tech Securities Private Limited and 5 more, all in the same principal business activity (other financial activities).
Karumandurai Perumal Chetty Karunanithi was appointed as Managing Director on 25 May 2016. Lakshmanan Gopal was appointed as Director on 25 May 2016. Manickam Chettiar Chandrasekaran was appointed as Director on 25 May 2016. Vazhai Chits has 6 board changes on record in total.
The registered office of Vazhai Chits is at 781 Kvb Bank Building Salem Main Road Valappady, Tamil Nadu, India – 636115.
Vazhai Chits operates in the financial services industry, in the auxiliary to financial intermediatory segment.
The compliance status of Vazhai Chits is compliant as of 12 September 2026. The company is actively filing with the Registrar of Companies.
Vazhai Chits can be reached at its registered office: 781 Kvb Bank Building Salem Main Road Valappady, Tamil Nadu, India – 636115.