About Veritha Chit Fund Private Limited
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Veritha Chit Fund Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 05 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2017PTC119831. Its GSTIN is 33AAGCV1960P1ZW (Tamil Nadu).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹23 Lakh. It is led by directors Saivenugopal Krishnakumar and Uma Maheswari Eradoss.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.51 Lakh, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹2.31 Lakh (net margin 4.8%) and EBITDA of ₹8.74 Lakh (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website verithachitfund.com.
Company details
Contact details
Veritha Chit Fund Private Limited's registered office is in Chennai, Tamil Nadu. Its website is verithachitfund.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 178/766 4th Floor, D – 1 Tower – 3 Sakthi Towers Anna Salai., Chennai, Tamil Nadu, India – 600002
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Veritha Chit Fund 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 Veritha Chit Fund 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 Veritha Chit Fund Private Limited, buy the company report.
Financials of Veritha Chit Fund Private Limited
FY 2025 filings availableVeritha Chit Fund Private Limited reported revenue of ₹48.51 Lakh (down 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 15% 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 |
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| EBITDA | ₹8.74 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹2.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 18% | ||||
| Net Profit Margin | 4.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Veritha Chit Fund Private Limited, buy the company report.
Board of directors of Veritha Chit Fund Private Limited
Veritha Chit Fund has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saivenugopal Krishnakumar Also directs: Agilitive Appliances LLP, Saraswathi Appliances Private Limited | Director | 05 Dec 2017 | 8 Years 10 Months | Current |
| Uma Maheswari Eradoss Also directs: Agilitive Appliances LLP, Saraswathi Appliances Private Limited | Director | 05 Dec 2017 | 8 Years 10 Months | Current |
Peer comparison
Veritha Chit Fund Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Sreemathy Chit Funds Private Limited | ₹49 Lakh (FY 2024) | 2.0% | Chennai, Tamil Nadu, India | |||
| Blaze Kuries Irinjalakuda Private Limited | ₹48.54 Lakh (FY 2025) | 5.0% | Thrissur, Kerala, India | |||
| Veritha Chit Fund Private Limitedthis company | ₹48.51 Lakh (FY 2024) | ₹2.31 Lakh | 4.8% | -29.0% | Chennai, Tamil Nadu, India | |
| Triplicane Vetri Chits Private Limited | ₹48.2 Lakh (FY 2024) | 5.0% | Chennai, Tamil Nadu, India | |||
| SS Shine India Nidhi Limited | ₹48.18 Lakh (FY 2025) | -8.0% | Fateh Pur, Uttar Pradesh, India | |||
| Lokanethra Nidhi Limited | ₹48.12 Lakh (FY 2025) | 1.0% | Pathanamthitta, Kerala, India |
To see the full peer comparison of Veritha Chit Fund Private Limited, buy the company report.
Auditor
Veritha Chit Fund Private Limited is audited by SENTHIL & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SENTHIL & ASSOCIATES | FY 2021 | 013655S |
Shareholding
The shareholding of Veritha Chit Fund Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Veritha Chit Fund Private Limited, buy the company report.
Legal cases
Veritha Chit Fund Private Limited has 3 court cases on record: 3 filed by Veritha Chit Fund. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed by the company against an individual | Disposed |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed by the company against an individual | Disposed |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed by the company against an individual | Disposed |
To see the full case history of Veritha Chit Fund 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 Veritha Chit Fund Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Veritha Chit Fund has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCV1960P1ZW | Tamil Nadu | Active | 12 Jan 2018 |
To see the full GST registrations and return filing status of Veritha Chit Fund Private Limited, buy the company report.
Recent activity
Veritha Chit Fund Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Saivenugopal Krishnakumar was appointed as Director on 05 Dec 2017.
Frequently asked questions
Veritha Chit Fund is an active private limited company based in Chennai, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 05 December 2017 (9+ years old) and is registered under CIN U65999TN2017PTC119831.
Veritha Chit Fund has 2 current directors:
- Saivenugopal Krishnakumar - Director
- Uma Maheswari Eradoss - Director
The latest financial statements of Veritha Chit Fund 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 FY 2018 are in the company report.
The GSTIN of Veritha Chit Fund is 33AAGCV1960P1ZW, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Veritha Chit Fund is U65999TN2017PTC119831. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veritha Chit Fund has 3 court cases on record: 3 filed by the company.
Veritha Chit Fund was incorporated on 05 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Veritha Chit Fund by revenue are Sreemathy Chit Funds Private Limited, Blaze Kuries Irinjalakuda Private Limited, Triplicane Vetri Chits Private Limited, SS Shine India Nidhi Limited, Lokanethra Nidhi Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Saivenugopal Krishnakumar was appointed as Director on 05 Dec 2017. Uma Maheswari Eradoss was appointed as Director on 05 Dec 2017.
Veritha Chit Fund can be reached through the website verithachitfund.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Veritha Chit Fund is at No. 178766 4th Floor, D – 1 Tower – 3 Sakthi Towers Anna Salai., Chennai, Tamil Nadu, India – 600002.
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