Venus Star Chit Private Limited
About Venus Star Chit Private Limited
Data last updated:
Venus Star Chit Private Limited is a private limited company based in Chengalpet, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 14 August 2013.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2013PTC092521. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors Muthiah Sethuraman (Managing Director) and Sivakumar Chandrasekaran.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No. 20 1st Floor Oosur Amman Koil Street Big Natham, Chengalpet, Tamil Nadu, India – 603002.
As per the financials filed for FY 2019, the company reported a revenue of ₹56.46 Lakh, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹16.16 Lakh (net margin -28.6%) and EBITDA of -₹6.91 Lakh (EBITDA margin -12.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 27% over five years.
As per MCA filings, the company has open charges of ₹37 Lakh and satisfied charges of ₹15 Lakh on record. Court records list 34 cases involving the company, including 31 filed by the company and 3 filed against it; 3 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in October 2014. Its 9 peer companies in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 5 smaller; the largest is Chaitraratha Chits Private Limited with revenue of ₹57.17 Lakh.
Company details
Contact details
Venus Star Chit Private Limited's registered office is in Chengalpet, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 20 1st Floor Oosur Amman Koil Street Big Natham, Chengalpet, Tamil Nadu, India – 603002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Venus Star Chit 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 Venus Star Chit 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 Venus Star Chit Private Limited, buy the company report.
Financials of Venus Star Chit Private Limited
FY 2019 filings availableVenus Star Chit Private Limited reported revenue of ₹56.46 Lakh (down 8% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 190% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹56.46 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹16.16 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.2% | ||||
| Net Profit Margin | -28.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Venus Star Chit Private Limited, buy the company report.
Board of directors of Venus Star Chit Private Limited
Venus Star Chit has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthiah Sethuraman | Managing Director | 14 Aug 2013 | 13 Years 2 Months | As last reported |
| Sivakumar Chandrasekaran | Director | 14 Aug 2013 | 13 Years 2 Months | As last reported |
Peer comparison
Venus Star Chit Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Chaitraratha Chits Private Limited | ₹57.17 Lakh (FY 2022) | -48.0% | Kamareddy, Telangana, India | |||
| Poonamdeep Chit Fund Private Limited | ₹57.11 Lakh (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Nedumparambil Kuries Private Limited | ₹57.1 Lakh (FY 2022) | -7.0% | Thiruvalla, Kerala, India | |||
| Valumoorthy Velayutham Chits Private Limited | ₹56.9 Lakh (FY 2024) | -3.0% | Tuticorin, Tamil Nadu, India | |||
| Venus Star Chit Private Limitedthis company | ₹56.46 Lakh (FY 2019) | -₹16.16 Lakh | -28.6% | -8.0% | Chengalpet, Tamil Nadu, India | |
| Shree Vijaya Meenakshi Chits Private Limited | ₹56.45 Lakh (FY 2025) | 5.0% | Chennai, Tamil Nadu, India | |||
| Mulloor Chitty Funds Kochi Private Limited | ₹56.41 Lakh (FY 2025) | 14.0% | Kochi, Kerala, India | |||
| SGFS Chits Private Limited | ₹56.13 Lakh (FY 2023) | 143.0% | Kochi, Kerala, India | |||
| Maxcare Kuries India Private Limited | ₹56.07 Lakh (FY 2017) | -16.0% | Pune, Maharashtra, India | |||
| Abana Chits India Private Limited | ₹55.93 Lakh (FY 2025) | 22.0% | Kannur, Kerala, India |
To see the full peer comparison of Venus Star Chit Private Limited, buy the company report.
Auditor
Venus Star Chit Private Limited is audited by VENKATESH N & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKATESH N & ASSOCIATES | FY 2018 | 010992S |
Shareholding
The shareholding of Venus Star Chit Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Venus Star Chit Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2019 | 100319167 | Others | ₹37 Lakh | Open | |
| 16 Jul 2014 | 10512667 | Tamilnad Mercantile Bank Limited | ₹15 Lakh | Satisfied |
To see the full charge records of Venus Star Chit Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Venus Star Chit Private Limited has 1 deal on record (1 secondary share transfer); the latest was in October 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Venus Star Chit Private Limited has 34 court cases on record: 31 filed by Venus Star Chit, 3 filed against it. 3 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 3 | 3 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chengalpattu, Tamil Nadu | Appeal | Filed by the company against an individual | Pending |
| District court, Kancheepuram, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Kancheepuram, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
| District court, Chengalpattu, Tamil Nadu | Appeal | Filed by the company against an individual | Disposed |
| District court, Chengalpattu, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Venus Star Chit 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 Venus Star Chit Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Venus Star Chit has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Venus Star Chit Private Limited, buy the company report.
Recent activity
Venus Star Chit Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Muthiah Sethuraman ceased to be Director on 12 Dec 2013.
Frequently asked questions
Venus Star Chit is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Venus Star Chit is a company under insolvency, formerly operating as a private limited company based in Chengalpet, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 14 August 2013 and is registered under CIN U74900TN2013PTC092521. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Venus Star Chit has 2 current directors:
- Muthiah Sethuraman - Managing Director
- Sivakumar Chandrasekaran - Director
The latest financial statements of Venus Star Chit on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Venus Star Chit is U74900TN2013PTC092521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Venus Star Chit has open charges of ₹37 Lakh and satisfied charges of ₹15 Lakh as per latest MCA filings.
Venus Star Chit has 34 court cases on record: 31 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Venus Star Chit was incorporated on 14 August 2013. It is registered with the Registrar of Companies, Chennai.
Venus Star Chit has 1 deal on record (1 secondary share transfer); the latest was in October 2014.
The peers of Venus Star Chit by revenue are Chaitraratha Chits Private Limited, Poonamdeep Chit Fund Private Limited, Nedumparambil Kuries Private Limited, Valumoorthy Velayutham Chits Private Limited, Shree Vijaya Meenakshi Chits Private Limited and 4 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Muthiah Sethuraman ceased to be Director on 12 Dec 2013. Muthiah Sethuraman was appointed as Managing Director on 14 Aug 2013. Sivakumar Chandrasekaran was appointed as Director on 14 Aug 2013.
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