
Venad Chit Funds (India) Private Limited
About Venad Chit Funds (India) Private Limited
Data last updated:
Venad Chit Funds (India) Private Limited is a private limited company based in Kollam, Kerala, India, a subsidiary of Venad Finances And Business Enterprises Pvt Ltd. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 25 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2013PTC033185. Its GSTIN is 32AAECV4291M1Z0 (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Krishnankutty Thekkekachiramattathil Narayanan (Managing Director) and Ashly Alex.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Building No. Mc X/1061 Venad Shopping Complex Kappalandimukku, Kollam, Kerala, India – 691021.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.76 Lakh, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹1.95 Lakh (net margin 6.5%) and EBITDA of ₹5.24 Lakh (EBITDA margin 17.6%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 11% over five years.
Court records list 7 cases involving the company, including 7 filed by the company; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Venad Chit Funds (India) Private Limited's registered office is in Kollam, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBuilding No. Mc X/1061 Venad Shopping Complex Kappalandimukku, Kollam, Kerala, India – 691021
- IndustryFinancial Services, Financial Activities
To see the full contact details of Venad Chit Funds (India) 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 Venad Chit Funds (India) 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 Venad Chit Funds (India) Private Limited, buy the company report.
Financials of Venad Chit Funds (India) Private Limited
FY 2025 filings availableVenad Chit Funds (India) Private Limited reported revenue of ₹29.76 Lakh (down 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 27% fall in the latest year. EBITDA fell 44% 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 |
|---|---|---|---|---|---|
| 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 | ₹5.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.95 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.6% | ||||
| Net Profit Margin | 6.5% | ||||
| 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 Venad Chit Funds (India) Private Limited, buy the company report.
Board of directors of Venad Chit Funds (India) Private Limited
Venad Chit Funds (India) has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashly Alex | Director | 30 Jun 2023 | 3 Years 4 Months | Current |
| Benz Thomas Also directs: Ashben Freight Solutions LLP, Mehir Estate Ventures Private Limited, Mehir Green Energy Private Limited and 1 more | Director | 30 Jun 2023 | 3 Years 4 Months | Current |
| Krishnankutty Thekkekachiramattathil Narayanan Also directs: SBN Sreebuddha Nidhi Limited | Managing Director | 10 Aug 2013 | 13 Years 2 Months | Current |
Peer comparison
Venad Chit Funds (India) 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 |
|---|---|---|---|---|---|---|
| Jayamukhi Chit Funds Private Limited | ₹30.49 Lakh (FY 2017) | -19.0% | Warangal, Telangana, India | |||
| Bhavishya Chit Funds Pvt Ltd. | ₹29.96 Lakh (FY 2022) | 6209.0% | Guntur, Andhra Pradesh, India | |||
| Krupasana Chit Funds Private Limited | ₹29.84 Lakh (FY 2021) | 50.0% | Warangal, Telangana, India | |||
| Venad Chit Funds (India) Private Limitedthis company | ₹29.76 Lakh (FY 2024) | ₹1.95 Lakh | 6.5% | -27.0% | Kollam, Kerala, India | |
| Swapna Mithra Chit Funds Private Limited | ₹29.56 Lakh (FY 2019) | 29.0% | Narsi, Maharashtra, India | |||
| Mangaldayak Chit Funds Pvt Ltd | ₹29.09 Lakh (FY 2021) | -43.0% | Hyderabad, Telangana, India | |||
| Mallemala Chit Funds Private Limited | ₹28.95 Lakh (FY 2023) | 141.0% | Suryapet, Telangana, India | |||
| Transport City Chit Funds Private Limited | ₹28.85 Lakh (FY 2025) | 411.0% | Namakkal, Tamil Nadu, India |
To see the full peer comparison of Venad Chit Funds (India) Private Limited, buy the company report.
Auditor
Venad Chit Funds (India) Private Limited is audited by G. JANARDHANAN UNNITHAN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G. JANARDHANAN UNNITHAN & CO | FY 2017 | 20493 |
Shareholding
The shareholding of Venad Chit Funds (India) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Venad Chit Funds (India) Private Limited, buy the company report.
Legal cases
Venad Chit Funds (India) Private Limited has 7 court cases on record: 7 filed by Venad Chit Funds (India). 5 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 0 | 5 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kollam, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Kollam, Kerala | Civil suit | Filed by the company against individuals | Pending |
| District court, Kollam, Kerala | Civil suit | Filed by the company against an individual | Pending |
| District court, Kollam, Kerala | Civil suit | Filed by the company against an individual | Pending |
| District court, Kollam, Kerala | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Venad Chit Funds (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Venad Chit Funds (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Venad Chit Funds (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAECV4291M1Z0 | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Venad Chit Funds (India) Private Limited, buy the company report.
Recent activity
Venad Chit Funds (India) Private Limited has 20 board changes on record since 2013: 3 appointments and 17 cessations. The latest: Ashly Alex ceased to be Additional Director on 29 Sep 2023.
11 earlier events are in the company report.
Frequently asked questions
Venad Chit Funds (India) is an active private limited company based in Kollam, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 25 January 2013 (13+ years old) and is registered under CIN U65992KL2013PTC033185.
Venad Chit Funds (India) has 3 current directors:
- Krishnankutty Thekkekachiramattathil Narayanan - Managing Director
- Ashly Alex - Director
- Benz Thomas - Director
The latest financial statements of Venad Chit Funds (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Venad Chit Funds (India) is 32AAECV4291M1Z0, registered in Kerala.
The CIN (Corporate Identification Number) of Venad Chit Funds (India) is U65992KL2013PTC033185. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Venad Chit Funds (India) has 7 court cases on record: 7 filed by the company. 5 are pending.
Venad Chit Funds (India) was incorporated on 25 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Venad Chit Funds (India) by revenue are Jayamukhi Chit Funds Private Limited, Bhavishya Chit Funds Pvt Ltd, Krupasana Chit Funds Private Limited, Swapna Mithra Chit Funds Private Limited, Mangaldayak Chit Funds Pvt Ltd and 2 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Ashly Alex ceased to be Additional Director on 29 Sep 2023. Benz Thomas ceased to be Additional Director on 29 Sep 2023. Ashly Alex was appointed as Director on 30 Jun 2023. Venad Chit Funds (India) has 20 board changes on record in total.
The registered office of Venad Chit Funds (India) is at Building No. Mc X1061 Venad Shopping Complex Kappalandimukku, Kollam, Kerala, India – 691021.
Venad Chit Funds (India) operates in the financial services industry, in the financial activities segment.

