Vetha Varna Chits Private Limited - Company Profile

It is a financial services private limited company based in Coimbatore, Tamil Nadu, India, established in 2010.
2010 Coimbatore, Tamil Nadu, India Active
Last Updated:
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About Vetha Varna Chits Private Limited

Vetha Varna Chits Private Limited, a active private limited company, was established on 25 August 2010 in Coimbatore, Tamil Nadu, India. Engaging in microfinance institutions within the financial services sector, it holds CIN: U65992TZ2010PTC016321. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹2.00 Cr.

It upholds a compliant status. Employing 14 professional, Its leadership includes Thiruvenkadasamy Guruswamy (Director), Guruswamy Prema (Director), Gurusamy Prema Srivarshini (Director). It holds ₹2.29 Cr open charges and no settled loans. Its latest AGM occurred on 27 September 2024, with the balance sheet filed on 31 March 2024. It is based at 53, Chinnaswamy Naidu Layout Lakshmipuram, Peelamedu, Coimbatore, Tamil Nadu, 641004.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U65992TZ2010PTC016321

  • Registration Number

    016321

  • Incorporation Date

    25 August 2010

  • Authorized Capital

    ₹2.00 Cr

  • Paid-Up Capital

    ₹2.00 Cr

  • ROC Code

    Roc Coimbatore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 2.00 Cr
  • Company Age 15 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.29 Cr
  • Revenue Growth **** 16.45%
  • Profit Growth **** -32.43%
  • Ebitda **** -139.20%
  • Net Worth 5.60%
  • Total Assets **** 20.55%
Company report

Vetha Varna Chits Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Vetha Varna Chits Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Vetha Varna Chits Private Limited?
Current Directors
Name Designation Appointment Date Status
Thiruvenkadasamy Guruswamy Director 25 Aug 2010 Current
Guruswamy Prema Director 25 Aug 2010 Current
Gurusamy Prema Srivarshini Director 25 Aug 2010 Current
Amudhavalli Padhmanabhan Karthi Director 25 Aug 2010 Current

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Financial Performance of Vetha Varna Chits.

Vetha Varna Chits Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 16.45% increase. The company also saw a substantial fall in profitability, with a 32.43% decrease in profit. The company's net worth moved up by a moderate rise of 5.6%.

Vetha Varna Chits revenue growth over time
Vetha Varna Chits profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 16.45%
*******
*******
*******
*******
Revenue from Operations
*******
 -8.10%
*******
*******
*******
*******
Total Assets
*******
 20.55%
*******
*******
*******
*******
Profit or Loss
*******
 -32.43%
*******
*******
*******
*******
Net Worth
*******
 5.60%
*******
*******
*******
*******
EBITDA
*******
 -139.20%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Vetha Varna Chits?

In 2020, Vetha Varna Chits had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹22,900,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • City Union Bank Limited : 2.00 Cr
  • Bank Of India : 0.20 Cr
  • Others : 0.09 Cr
Latest Charge Details
Date Lender Amount Status
27 Aug 2024 Bank Of India ₹2.00 M Open
03 Oct 2023 Others ₹0.90 M Open
04 Jul 2020 City Union Bank Limited ₹2.00 Cr Open

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How Many Employees Work at Vetha Varna Chits?

Vetha Varna Chits has a workforce of 14 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vetha Varna Chits, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Vetha Varna Chits's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Vetha Varna Chits
Recent Activity within the Organization
  • Annual General Meeting

    Vetha Varna Chits Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Charges

    A charge with Bank Of India amounted to Rs. 0.20 Cr with Charge ID 100980578 was registered on 27 Aug 2024. was recorded as a recent event.

  • Balance Sheet

    The activity Vetha Varna Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore. was completed.

  • Charges

    The activity A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100798087 was registered on 03 Oct 2023. was completed.

  • Charges

    A charge with City Union Bank Limited of Rs. 2.00 Cr registered on 04 Jul 2020 with Charge ID 100363383 was modified on 05 Jan 2023. was recorded as a recent event.

  • Charges

    Progress on A charge with City Union Bank Limited amounted to Rs. 2.00 Cr with Charge ID 100363383 was registered on 04 Jul 2020. was documented.

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Frequently Asked Questions
What is the CIN of Vetha Varna Chits Private Limited?

The CIN of Vetha Varna Chits Private Limited is U65992TZ2010PTC016321.

Where is Vetha Varna Chits Private Limited headquartered?

Vetha Varna Chits Private Limited is headquartered at 53, Chinnaswamy Naidu Layout Lakshmipuram, Peelamedu, Coimbatore, Tamil Nadu, 641004.

When was Vetha Varna Chits Private Limited incorporated?

Vetha Varna Chits Private Limited was incorporated on 25 August 2010.

Who are the current directors of Vetha Varna Chits Private Limited?

The current directors of Vetha Varna Chits Private Limited are

What is the primary industry of Vetha Varna Chits Private Limited?

The primary industry of Vetha Varna Chits Private Limited is Financial Services.

Is Vetha Varna Chits Private Limited a listed company?

Vetha Varna Chits Private Limited is unlisted.

What is the capital structure of Vetha Varna Chits Private Limited?

The authorized capital of Vetha Varna Chits Private Limited is ₹2.00 Cr, and the paid-up capital is ₹2.00 Cr.

What is the compliance status of Vetha Varna Chits Private Limited?

The compliance status of Vetha Varna Chits Private Limited is Compliant.

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