Vetrivignesh Chit Funds Private Limited
About Vetrivignesh Chit Funds Private Limited
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Vetrivignesh Chit Funds Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 23 January 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74991TN2009PTC070547.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Kadhiresan Ramanathan (Managing Director) and Vallimayil Kadiresan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 24 Second Cross Street Trustpuram Kodambakkam, Chennai, Tamil Nadu, India – 600024.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.5 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹27,785 (net margin 6.2%) and EBITDA of ₹1.93 Lakh (EBITDA margin 42.9%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 13% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vetrivignesh Chit Funds Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address24 Second Cross Street Trustpuram Kodambakkam, Chennai, Tamil Nadu, India – 600024
- IndustryFinancial Services, Financial Activities
To see the full contact details of Vetrivignesh Chit Funds 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 Vetrivignesh Chit Funds 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 Vetrivignesh Chit Funds Private Limited, buy the company report.
Financials of Vetrivignesh Chit Funds Private Limited
FY 2022 filings availableVetrivignesh Chit Funds Private Limited reported revenue of ₹4.5 Lakh (down 30% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 30% fall in the latest year. EBITDA fell 30% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹1.93 Lakh | ||||
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| Net Profit (PAT) | ₹27,785 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 42.9% | ||||
| Net Profit Margin | 6.2% | ||||
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To see the full financial statements and ratios of Vetrivignesh Chit Funds Private Limited, buy the company report.
Board of directors of Vetrivignesh Chit Funds Private Limited
Vetrivignesh Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vallimayil Kadiresan Also directs: Vetri Chit Fund (T.Nagar) Private Limited | Director | 23 Jan 2009 | 17 Years 9 Months | Current |
| Kadhiresan Ramanathan | Managing Director | 23 Jan 2009 | 17 Years 9 Months | Current |
Peer comparison
Vetrivignesh Chit Funds Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Srivynika Chit Funds Private Limited | ₹4.68 Lakh (FY 2022) | 11.0% | Karimnagar, Telangana, India | |||
| Niya Chit Funds Private Limited | ₹4.67 Lakh (FY 2023) | -19.0% | Mancherial, Telangana, India | |||
| Shri Dhanalakshmi Chit Funds (Cbe) (TN) Private Limited | ₹4.61 Lakh (FY 2022) | -68.0% | Mettupalayam, Tamil Nadu, India | |||
| Sri Lakshmi Murugan Chit Funds Private Limited | ₹4.56 Lakh (FY 2024) | 7.0% | Melagaram, Tamil Nadu, India | |||
| Shree Sairam Chit Funds (Madras) Private Limited | ₹4.51 Lakh (FY 2025) | -6.0% | Chennai, Tamil Nadu, India | |||
| Vetrivignesh Chit Funds Private Limitedthis company | ₹4.5 Lakh (FY 2022) | ₹27,785 | 6.2% | -30.0% | Chennai, Tamil Nadu, India | |
| Sankarapuram Chakara Srri Chit Funds Private Limited | ₹4.49 Lakh (FY 2019) | Villupuram, Tamil Nadu, India | ||||
| Pavan Mitra Chit Funds Private Limited | ₹4.41 Lakh (FY 2025) | -76.0% | Mahabubnagar H.O, Telangana, India |
To see the full peer comparison of Vetrivignesh Chit Funds Private Limited, buy the company report.
Auditor
Vetrivignesh Chit Funds Private Limited is audited by M SHANMUGAM for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M SHANMUGAM | FY 2017 | 023003 |
Shareholding
The shareholding of Vetrivignesh Chit Funds 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 Vetrivignesh Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vetrivignesh Chit Funds Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vetrivignesh Chit Funds 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 Vetrivignesh Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vetrivignesh Chit Funds Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Kadhiresan Ramanathan was appointed as Managing Director on 23 Jan 2009.
Frequently asked questions
Vetrivignesh Chit Funds is an active private limited company based in Chennai, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 23 January 2009 (17+ years old) and is registered under CIN U74991TN2009PTC070547.
Vetrivignesh Chit Funds has 2 current directors:
- Kadhiresan Ramanathan - Managing Director
- Vallimayil Kadiresan - Director
The latest financial statements of Vetrivignesh Chit Funds on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vetrivignesh Chit Funds is U74991TN2009PTC070547. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vetrivignesh Chit Funds was incorporated on 23 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Vetrivignesh Chit Funds by revenue are Srivynika Chit Funds Private Limited, Niya Chit Funds Private Limited, Shri Dhanalakshmi Chit Funds (Cbe) (TN) Private Limited, Sri Lakshmi Murugan Chit Funds Private Limited, Shree Sairam Chit Funds (Madras) Private Limited and 2 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Kadhiresan Ramanathan was appointed as Managing Director on 23 Jan 2009. Vallimayil Kadiresan was appointed as Director on 23 Jan 2009.
The registered office of Vetrivignesh Chit Funds is at 24 Second Cross Street Trustpuram Kodambakkam, Chennai, Tamil Nadu, India – 600024.
Vetrivignesh Chit Funds operates in the financial services industry, in the financial activities segment.
The compliance status of Vetrivignesh Chit Funds is compliant as of 19 September 2026. The company is actively filing with the Registrar of Companies.
Vetrivignesh Chit Funds can be reached at its registered office: 24 Second Cross Street Trustpuram Kodambakkam, Chennai, Tamil Nadu, India – 600024.
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