Virasi Chits And Finance Private Limited - Company Profile

It is a financial services private limited company based in Visakhapatnam, Andhra Pradesh, India, established in 1996.
1996 Visakhapatnam, Andhra Pradesh, India Active
Last Updated:
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About Virasi Chits And Finance Private Limited

Virasi Chits And Finance Private Limited, a active private limited company, was established on 18 March 1996 in Visakhapatnam, Andhra Pradesh, India. Engaging in microfinance institutions within the financial and insurance service sector, it holds CIN: U65992AP1996PTC023548. Registered under ROC Roc Vijayawada. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹0.10 M.

It upholds a compliant status. Its leadership includes Indira Appikatla (Director), Sailaja Korada (Director). Past directors included Sisir Kumar Appikatla, Ravi Kumar Korada. It holds ₹57.00 K open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Flat No. 101, 1St Floor, Bharat Towers, 5Th Lane, Dwarakanagar, Visakhapatnam, Andhra Pradesh, 530016.

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

    +91-XXXXXXXXXX

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

Company Details

  • CIN/LLPIN

    U65992AP1996PTC023548

  • Registration Number

    023548

  • Incorporation Date

    18 March 1996

  • Authorized Capital

    ₹1.00 Cr

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Vijayawada

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 0.10 M
  • Company Age 29 Year, 11 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 57.00 K
  • Revenue Growth **** %
  • Profit Growth **** -56.78%
  • Ebitda **** -10.00%
  • Net Worth -2.70%
  • Total Assets -0.11%
Company report

Virasi Chits And Finance Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Virasi Chits And Finance 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 Virasi Chits And Finance Private Limited?
Current Directors
Name Designation Appointment Date Status
Indira Appikatla Director 18 Mar 2003 Current
Sailaja Korada Director 18 Mar 2003 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 01 Oct 2012 Past
Pramod Abcsdd Director 01 Oct 2012 Past

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Financial Performance of Virasi Chits And Finance.

Virasi Chits And Finance Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 56.78% decrease in profit. The company's net worth dipped by a decrease of 2.7%.

Virasi Chits And Finance revenue growth over time
Virasi Chits And Finance 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
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*******
*******
*******
*******
*******
Revenue from Operations
*******
*******
*******
*******
*******
*******
Total Assets
*******
 -0.11%
*******
*******
*******
*******
Profit or Loss
*******
 -56.78%
*******
*******
*******
*******
Net Worth
*******
 -2.70%
*******
*******
*******
*******
EBITDA
*******
 -10.00%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Virasi Chits And Finance?

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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

₹57,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • The Karur Vysya Bank Ltd. : 0.01 Cr
Latest Charge Details
Date Lender Amount Status
13 Aug 1999 The Karur Vysya Bank Ltd. ₹0.06 M Open

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How Many Employees Work at Virasi Chits And Finance?

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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

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Rating
Graph displaying rating trends over time

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Alerts
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Latest Updates, News, and FAQs on Virasi Chits And Finance
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Virasi Chits And Finance Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.

  • Balance Sheet

    Progress on Virasi Chits And Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Vijayawada. was documented.

  • Director Appointment

    The activity Indira Appikatla was appointed as a Director was appointed as a Director on 18 Mar 2003 & has been associated with this company since 22 years 11 months . was completed.

  • Director Appointment

    The activity Sailaja Korada was appointed as a Director was appointed as a Director on 18 Mar 2003 & has been associated with this company since 22 years 11 months . was completed.

  • Charges

    A charge with The Karur Vysya Bank Ltd. amounted to Rs. 0.01 Cr with Charge ID 90259845 was registered on 13 Aug 1999. was recorded as a recent event.

  • Company Incorporation

    Virasi Chits And Finance Private Limited was registered on 18 Mar 1996 with Roc Vijayawada & aged 29 years 11 months as per MCA records. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Virasi Chits And Finance Private Limited?

The CIN of Virasi Chits And Finance Private Limited is U65992AP1996PTC023548.

Where is Virasi Chits And Finance Private Limited headquartered?

Virasi Chits And Finance Private Limited is headquartered at Flat No. 101, 1St Floor, Bharat Towers, 5Th Lane, Dwarakanagar, Visakhapatnam, Andhra Pradesh, 530016.

When was Virasi Chits And Finance Private Limited incorporated?

Virasi Chits And Finance Private Limited was incorporated on 18 March 1996.

Who are the current directors of Virasi Chits And Finance Private Limited?

The current directors of Virasi Chits And Finance Private Limited are

What is the primary industry of Virasi Chits And Finance Private Limited?

The primary industry of Virasi Chits And Finance Private Limited is Financial And Insurance Service.

Is Virasi Chits And Finance Private Limited a listed company?

Virasi Chits And Finance Private Limited is unlisted.

What is the capital structure of Virasi Chits And Finance Private Limited?

The authorized capital of Virasi Chits And Finance Private Limited is ₹1.00 Cr, and the paid-up capital is ₹0.10 M.

What is the compliance status of Virasi Chits And Finance Private Limited?

The compliance status of Virasi Chits And Finance Private Limited is Compliant.

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