Venugopal Chits India Private Limited
About Venugopal Chits India Private Limited
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Venugopal Chits India Private Limited is a private limited company based in Palakkad, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 09 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2012PTC031872.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Sadanandan (Managing Director) and Paramasivan Pillai Kanchanadevi.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Door No: 8/345 Andimadam Junction Malampuzha Road Kadukkamkunnam (Po), Palakkad, Kerala, India – 678651.
As per the financials filed for FY 2020, the company reported a revenue of ₹6.57 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹30,836 (net margin 4.7%) and EBITDA of ₹63,628 (EBITDA margin 9.7%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 4% over five years.
Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Venugopal Chits India Private Limited's registered office is in Palakkad, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No: 8/345 Andimadam Junction Malampuzha Road Kadukkamkunnam (Po), Palakkad, Kerala, India – 678651
- IndustryFinancial Services, Financial Activities
To see the full contact details of Venugopal Chits 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 Venugopal Chits 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 |
Financials of Venugopal Chits India Private Limited
FY 2020 filings availableVenugopal Chits India Private Limited reported revenue of ₹6.57 Lakh (down 22% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 22% fall in the latest year. EBITDA fell 42% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹63,628 | ||||
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| Net Profit (PAT) | ₹30,836 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.7% | ||||
| Net Profit Margin | 4.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Venugopal Chits India Private Limited, buy the company report.
Board of directors of Venugopal Chits India Private Limited
Venugopal Chits India has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sadanandan | Managing Director | 09 Aug 2012 | 14 Years 2 Months | Current |
| Paramasivan Pillai Kanchanadevi | Director | 09 Aug 2012 | 14 Years 2 Months | Current |
| Muzhithottil Parambil Sadanandan Shiju | Additional Director | 09 Jul 2014 | 12 Years 3 Months | Current |
| Smitha | Additional Director | 09 Jul 2014 | 12 Years 3 Months | Current |
Peer comparison
Venugopal Chits India 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 |
|---|---|---|---|---|---|---|
| Vishwas Nidhi Limited | ₹6.57 Lakh (FY 2018) | Jodhpur, Rajasthan, India | ||||
| Pradhan Gold Nidhi Limited | ₹6.57 Lakh (FY 2024) | -18.0% | Sri Ganganagar, Rajasthan, India | |||
| Kosamba Money Changer Private Limited | ₹6.57 Lakh (FY 2024) | -59.0% | Kosamba, Gujarat, India | |||
| Swashakthi Chit Funds Private Limited | ₹6.57 Lakh (FY 2020) | 6.0% | Hanamkonda, Telangana, India | |||
| Easy-Funds Nidhi Limited | ₹6.57 Lakh (FY 2024) | 15.0% | Chopda, Maharashtra, India | |||
| Venugopal Chits India Private Limitedthis company | ₹6.57 Lakh (FY 2020) | ₹30,836 | 4.7% | -22.0% | Palakkad, Kerala, India | |
| Rashmi Shree Creations Private Limited | ₹6.57 Lakh (FY 2025) | 36.0% | Kolkata, West Bengal, India | |||
| Mak Financial Service Private Limited | ₹6.57 Lakh (FY 2019) | 26.0% | Chennai, Tamil Nadu, India | |||
| Muzaffarpur Gramin Vikas Nidhi Limited | ₹6.56 Lakh (FY 2024) | -30.0% | Paroo, Bihar, India | |||
| Ameva Urban Nidhi Limited | ₹6.56 Lakh (FY 2023) | 91.0% | Sangli, Maharashtra, India | |||
| Kashmir Motor and General Finance Private Limited | ₹6.56 Lakh (FY 2025) | -76.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Venugopal Chits India Private Limited, buy the company report.
Auditor
Venugopal Chits India Private Limited is audited by K.V.VENKITARAMAN & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.V.VENKITARAMAN & CO. | FY 2017 | 20718 |
Shareholding
The shareholding of Venugopal Chits 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 Venugopal Chits India Private Limited, buy the company report.
Legal cases
Venugopal Chits India Private Limited has 3 court cases on record: 1 filed by Venugopal Chits India, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Palakkad, Kerala | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Palakkad, Kerala | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Palakkad, Kerala | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Venugopal Chits 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 Venugopal Chits India 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 Venugopal Chits India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Venugopal Chits India Private Limited has 4 board changes on record since 2012: 4 appointments. The latest: Muzhithottil Parambil Sadanandan Shiju was appointed as Additional Director on 09 Jul 2014.
Frequently asked questions
Venugopal Chits India is an active private limited company based in Palakkad, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 09 August 2012 (14+ years old) and is registered under CIN U65992KL2012PTC031872.
Venugopal Chits India has 4 current directors:
- Sadanandan - Managing Director
- Paramasivan Pillai Kanchanadevi - Director
- Muzhithottil Parambil Sadanandan Shiju - Additional Director
- Smitha - Additional Director
The latest financial statements of Venugopal Chits India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Venugopal Chits India is U65992KL2012PTC031872. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Venugopal Chits India has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending.
Venugopal Chits India was incorporated on 09 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Venugopal Chits India by revenue are Vishwas Nidhi Limited, Pradhan Gold Nidhi Limited, Kosamba Money Changer Private Limited, Swashakthi Chit Funds Private Limited, Easy-Funds Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Muzhithottil Parambil Sadanandan Shiju was appointed as Additional Director on 09 Jul 2014. Smitha was appointed as Additional Director on 09 Jul 2014. Paramasivan Pillai Kanchanadevi was appointed as Director on 09 Aug 2012. Venugopal Chits India has 4 board changes on record in total.
The registered office of Venugopal Chits India is at Door No: 8345 Andimadam Junction Malampuzha Road Kadukkamkunnam Po, Palakkad, Kerala, India – 678651.
Venugopal Chits India operates in the financial services industry, in the financial activities segment.
The compliance status of Venugopal Chits India is compliant as of 12 July 2026. The company is actively filing with the Registrar of Companies.