Veekshanam Chits Private Limited
About Veekshanam Chits Private Limited
Data last updated:
Veekshanam Chits Private Limited was a private limited company based in Ernakulam, 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 microfinance institutions segment of the financial services sector. It was incorporated on 23 May 2000.
The company was registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2000PTC013944.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.2 Lakh. It was led by directors Paracka Joseph Joseph (Managing Director) and Kachappilly Aipu Joy.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Kalady P.O., Ernakulam, Kerala, India – 683574.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.38 Lakh. For the same year it recorded a net loss of ₹55,841 (net margin -6%) and EBITDA of -₹55,841 (EBITDA margin -6%). Revenue has grown at a compounded annual rate (CAGR) of 259% over three years.
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- Registered AddressKalady P.O., Ernakulam, Kerala, India – 683574
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Financials of Veekshanam Chits Private Limited FY 2023 filings available
Veekshanam Chits Private Limited reported revenue of ₹9.38 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR) of Veekshanam Chits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 259% over three years. 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 of Veekshanam Chits Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹55,841 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹55,841 | •••• | •••• | •••• | •••• |
| 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 of Veekshanam Chits Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Veekshanam Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Veekshanam Chits Private Limited
Veekshanam Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chamakura Chitfunds Private Limited | •••• | •••• | •••• | •••• | - | Medipally, Telangana, India |
| Sarvadhaaram Nidhi Limited | •••• | •••• | •••• | •••• | - | Lucknow, Uttar Pradesh, India |
| Belaku Chits Private Limited | •••• | •••• | •••• | •••• | - | Chamundi Puram, Mysore, Karnataka, India |
| Decent Nidhi Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Maxvalue Chits Private Limited | •••• | •••• | •••• | •••• | - | Thrissur, Kerala, India |
| Veekshanam Chits Private Limited this company | •••• | •••• | •••• | •••• | - | Ernakulam, Kerala, India |
| Whiteflower Chits Private Limited | •••• | •••• | •••• | •••• | - | Thrissur, Kerala, India |
| Boby Chemmanur (No.1) Chits Private Limited | •••• | •••• | •••• | •••• | - | Thrissur, Kerala, India |
| Kodish Nidhi Limited | •••• | •••• | •••• | •••• | - | Kozhikode, Kerala, India |
| Lakshmiganapathi Chits Private Limited | •••• | •••• | •••• | •••• | - | Suryapet, Telangana, India |
| Karunagappally Nidhi Limited | •••• | •••• | •••• | •••• | - | Karunagappally, Kerala, India |
Peers are the five companies nearest above and the five nearest below Veekshanam Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Veekshanam Chits Private Limited
Veekshanam Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kachappilly Aipu Joy | Director | 21 Dec 2022 | 3 Years 9 Months | As last reported |
| Paracka Joseph Joseph | Managing Director | 23 May 2000 | 26 Years 4 Months | As last reported |
Charges & Borrowings of Veekshanam Chits Private Limited
Veekshanam Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Veekshanam Chits Private Limited
Employment history and EPFO contributions of people linked to Veekshanam Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Veekshanam Chits Private Limited
Veekshanam Chits Private Limited has 5 board changes on record since 2000: 2 appointments and 3 cessations. The latest: Paracka Joseph Joseph ceased to be Director on 28 Feb 2023.
Credit Ratings, Litigation & Regulatory Alerts for Veekshanam Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Veekshanam Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Veekshanam Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Veekshanam Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Veekshanam Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Veekshanam Chits Private Limited
Veekshanam 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.
Veekshanam Chits was a private limited company based in Ernakulam, Kerala, India. The company worked in microfinance institutions, within the financial services industry. It was incorporated on 23 May 2000 and is registered under CIN U65992KL2000PTC013944. The company has been struck off by the Registrar of Companies and is no longer operational.
Veekshanam Chits had 2 directors:
- Paracka Joseph Joseph - Managing Director
- Kachappilly Aipu Joy - Director
The CIN (Corporate Identification Number) of Veekshanam Chits is U65992KL2000PTC013944. 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 Veekshanam Chits is at Kalady P.O., Ernakulam, Kerala, India – 683574.
Veekshanam Chits was incorporated on 23 May 2000. It is registered with the Registrar of Companies, Ernakulam.
Veekshanam Chits reported revenue of ₹9.38 Lakh for FY 2023.
Veekshanam Chits has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.2 Lakh.
Veekshanam Chits reported a net loss of ₹55,841 (net margin -6%) and EBITDA of -₹55,841 (EBITDA margin -6%) for FY 2023, as per its filed financial statements.
Veekshanam Chits operated in the financial services industry, in the microfinance institutions segment. It worked in this industry before it was struck off.
The compounded annual growth rate (CAGR) of the revenue of Veekshanam Chits is 259% over three years. CAGR is the steady yearly rate that links the first and the last year.