Visaka Chits Private Limited
About Visaka Chits Private Limited
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Visaka Chits Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 26 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2018PTC126545.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Subbiah Dharmaraj and Bhuvaneshwary.
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 No 70/1 Purasawalkam High Road Purasawalkam, Chennai, Tamil Nadu, India – 600007.
As per the financials filed for FY 2020, the company reported a revenue of ₹45,780. For the same year it recorded a net loss of ₹30,195 (net margin -66%) and EBITDA of -₹74,640 (EBITDA margin -163%).
Company details
Contact details
Visaka Chits Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo 70/1 Purasawalkam High Road Purasawalkam, Chennai, Tamil Nadu, India – 600007
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Visaka 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 Visaka Chits is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Visaka Chits Private Limited, buy the company report.
Financials of Visaka Chits Private Limited
FY 2022 filings availableVisaka Chits Private Limited reported revenue of ₹45,780 for FY 2020.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹45,780 | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹74,640 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹30,195 | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -163% | |
| Net Profit Margin | -66% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
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| Efficiency and Growth | ||
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| Receivable Days | ||
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| Revenue Growth | ||
| Net Profit Growth | ||
To see the full financial statements and ratios of Visaka Chits Private Limited, buy the company report.
Board of directors of Visaka Chits Private Limited
Visaka Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subbiah Dharmaraj Also directs: Purasai Sree-Abirami Chit Fund Private Limited | Director | 26 Dec 2018 | 7 Years 10 Months | Current |
| Bhuvaneshwary | Director | 26 Dec 2018 | 7 Years 10 Months | Current |
Legal cases
No court or tribunal cases involving Visaka Chits 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 Visaka Chits 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 Visaka Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Visaka Chits Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Bhuvaneshwary was appointed as Director on 26 Dec 2018.
Frequently asked questions
Visaka Chits is an active private limited company based in Chennai, Tamil Nadu, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 26 December 2018 (8+ years old) and is registered under CIN U65999TN2018PTC126545.
Visaka Chits has 2 current directors:
- Subbiah Dharmaraj - Director
- Bhuvaneshwary - Director
The latest financial statements of Visaka Chits 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 FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Visaka Chits is U65999TN2018PTC126545. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Visaka Chits was incorporated on 26 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
Bhuvaneshwary was appointed as Director on 26 Dec 2018. Subbiah Dharmaraj was appointed as Director on 26 Dec 2018.
The registered office of Visaka Chits is at No 701 Purasawalkam High Road Purasawalkam, Chennai, Tamil Nadu, India – 600007.
Visaka Chits operates in the financial services industry, in the other financial intermediation segment.
Visaka Chits can be reached at its registered office: No 701 Purasawalkam High Road Purasawalkam, Chennai, Tamil Nadu, India – 600007.
Visaka Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Chennai.