Vetha Varna Chits Private Limited
About Vetha Varna Chits Private Limited
Data last updated:
Vetha Varna Chits Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 25 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ2010PTC016321. Its GSTIN is 33AADCV4093Q1ZR (Tamil Nadu).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Thiruvenkadasamy Guruswamy and Guruswamy Prema.
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 53 Chinnaswamy Naidu Layout Lakshmipuram Peelamedu, Coimbatore, Tamil Nadu, India – 641004.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.84 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹36.54 Lakh (net margin 12.9%) and EBITDA of ₹90.45 Lakh (EBITDA margin 31.9%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 8% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.29 Cr on record. Court records list 9 cases involving the company, including 9 filed by the company; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vetha Varna Chits Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address53 Chinnaswamy Naidu Layout Lakshmipuram Peelamedu, Coimbatore, Tamil Nadu, India – 641004
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Vetha Varna Chits 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 Vetha Varna Chits 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 Vetha Varna Chits Private Limited, buy the company report.
Financials of Vetha Varna Chits Private Limited
FY 2025 filings availableVetha Varna Chits Private Limited reported revenue of ₹2.84 Cr (up 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 27% growth in the latest year. EBITDA rose 19% 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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| Total Expenses | |||||
| EBITDA | ₹90.45 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹36.54 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.9% | ||||
| Net Profit Margin | 12.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vetha Varna Chits Private Limited, buy the company report.
Board of directors of Vetha Varna Chits Private Limited
Vetha Varna Chits has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thiruvenkadasamy Guruswamy Also directs: Mythili Chits Private Limited | Director | 25 Aug 2010 | 16 Years 2 Months | Current |
| Guruswamy Prema Also directs: Mythili Chits Private Limited | Director | 25 Aug 2010 | 16 Years 2 Months | Current |
| Gurusamy Prema Srivarshini Also directs: Mythili Chits Private Limited | Director | 25 Aug 2010 | 16 Years 2 Months | Current |
| Amudhavalli Padhmanabhan Karthi Also directs: Mythili Chits Private Limited, Seyons Syndicates Private Limited | Director | 25 Aug 2010 | 16 Years 2 Months | Current |
Peer comparison
Vetha Varna Chits 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 |
|---|---|---|---|---|---|---|
| Srivatshava Chits Private Limited | ₹2.93 Cr (FY 2025) | 13.0% | Hyderabad, Telangana, India | |||
| Monica Chits Private Limited | ₹2.93 Cr (FY 2024) | 23.0% | Bengaluru, Karnataka, India | |||
| Ramesh Chit Funds Private Limited | ₹2.91 Cr (FY 2025) | 4.0% | Pollachi, Tamil Nadu, India | |||
| Yugta Federation | ₹2.89 Cr (FY 2024) | 180.0% | Navi Mumbai, Maharashtra, India | |||
| Neelchakra Chit Funds Private Limited | ₹2.85 Cr (FY 2022) | 42.0% | Secunderabad, Telangana, India | |||
| Vetha Varna Chits Private Limitedthis company | ₹2.84 Cr (FY 2024) | ₹36.54 Lakh | 12.9% | 27.0% | 14 | Coimbatore, Tamil Nadu, India |
| JMBF Kumbakonam Nidhi Limited | ₹2.83 Cr (FY 2025) | 35.0% | Kumbakonam, Tamil Nadu, India | |||
| Sri Masani Amman Thunai Chit Funds Kovai Private Limited | ₹2.82 Cr (FY 2024) | -1.0% | Coimbatore, Tamil Nadu, India | |||
| Adhisesan Pettai Benefit Fund Nidhi Limited | ₹2.8 Cr (FY 2025) | 17.0% | Namakkal, Tamil Nadu, India | |||
| Resource India Kuries Private Limited | ₹2.79 Cr (FY 2025) | -12.0% | Thrissur, Kerala, India |
To see the full peer comparison of Vetha Varna Chits Private Limited, buy the company report.
Auditor
Vetha Varna Chits Private Limited is audited by M GANGADARAN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M GANGADARAN & CO | FY 2020 | 000881S |
Shareholding
The shareholding of Vetha Varna Chits Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vetha Varna Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Aug 2024 | 100980578 | Bank of India | ₹20 Lakh | Open | |
| 03 Oct 2023 | 100798087 | Others | ₹9 Lakh | Open | |
| 04 Jul 2020 | 100363383 | City Union Bank Limited | ₹2 Cr | Open |
To see the full charge records of Vetha Varna Chits Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Vetha Varna Chits Private Limited has 9 court cases on record: 9 filed by Vetha Varna Chits. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 3 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Coimbatore, Tamil Nadu | Execution petition | Filed by the company against individuals | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
| District court, Coimbatore, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| District court, Coimbatore, Tamil Nadu | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Vetha Varna Chits 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 Vetha Varna Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vetha Varna Chits Private Limited has a workforce of 14 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Vetha Varna Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCV4093Q1ZR | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vetha Varna Chits Private Limited, buy the company report.
Recent activity
Vetha Varna Chits Private Limited has 4 board changes on record since 2010: 4 appointments. The latest: Amudhavalli Padhmanabhan Karthi was appointed as Director on 25 Aug 2010.
Frequently asked questions
Vetha Varna Chits is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 25 August 2010 (16+ years old) and is registered under CIN U65992TZ2010PTC016321.
Vetha Varna Chits has 4 current directors:
- Thiruvenkadasamy Guruswamy - Director
- Guruswamy Prema - Director
- Gurusamy Prema Srivarshini - Director
- Amudhavalli Padhmanabhan Karthi - Director
The latest financial statements of Vetha Varna Chits 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 Vetha Varna Chits is 33AADCV4093Q1ZR, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Vetha Varna Chits is U65992TZ2010PTC016321. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vetha Varna Chits has 9 court cases on record: 9 filed by the company. 3 are pending.
Vetha Varna Chits was incorporated on 25 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Vetha Varna Chits by revenue are Srivatshava Chits Private Limited, Monica Chits Private Limited, Ramesh Chit Funds Private Limited, Yugta Federation, Neelchakra Chit Funds Private Limited and 4 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Amudhavalli Padhmanabhan Karthi was appointed as Director on 25 Aug 2010. Gurusamy Prema Srivarshini was appointed as Director on 25 Aug 2010. Guruswamy Prema was appointed as Director on 25 Aug 2010. Vetha Varna Chits has 4 board changes on record in total.
The registered office of Vetha Varna Chits is at 53 Chinnaswamy Naidu Layout Lakshmipuram Peelamedu, Coimbatore, Tamil Nadu, India – 641004.
Vetha Varna Chits operates in the financial services industry, in the microfinance institutions segment.
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