VSN Chit Funds Private Limited
About VSN Chit Funds Private Limited
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VSN Chit Funds Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 11 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U67100TG2017PTC121109. Its GSTIN is 36AAGCV2059P1ZQ (Telangana).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Hari Babu Vidiyala and Palarapu Srinivasulu.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Dno. 11 – 14/394/11 Siris Road Vastu Colony Siri Nagar Saroornagar, Hyderabad, Telangana, India – 500074.
As per the financials filed for FY 2024, the company reported a revenue of ₹52.61 Lakh, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹2.98 Lakh (net margin 5.7%) and EBITDA of ₹4.83 Lakh (EBITDA margin 9.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 33% over five years.
As per MCA filings, the company has open charges of ₹27.49 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
VSN Chit Funds Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDno. 11 – 14/394/11 Siris Road Vastu Colony Siri Nagar Saroornagar, Hyderabad, Telangana, India – 500074
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of VSN 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 VSN Chit Funds is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of VSN Chit Funds Private Limited, buy the company report.
Financials of VSN Chit Funds Private Limited
FY 2024 filings availableVSN Chit Funds Private Limited reported revenue of ₹52.61 Lakh (up 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 34% growth in the latest year. EBITDA rose 8% 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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| EBITDA | ₹4.83 Lakh | ||||
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| Net Profit (PAT) | ₹2.98 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 9.2% | ||||
| Net Profit Margin | 5.7% | ||||
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To see the full financial statements and ratios of VSN Chit Funds Private Limited, buy the company report.
Board of directors of VSN Chit Funds Private Limited
VSN Chit Funds has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hari Babu Vidiyala | Director | 11 Dec 2017 | 8 Years 10 Months | Current |
| Palarapu Srinivasulu | Additional Director | 29 Mar 2023 | 3 Years 6 Months | Current |
Peer comparison
VSN Chit Funds Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uruli Chit Funds Private Limited | ₹53.07 Lakh (FY 2025) | 79.0% | Pune, Maharashtra, India | |||
| Subhasreerudra Kuries (India) Private Limited | ₹52.73 Lakh (FY 2024) | 2.0% | Kollam, Kerala, India | |||
| VSN Chit Funds Private Limitedthis company | ₹52.61 Lakh (FY 2024) | ₹2.98 Lakh | 5.7% | 34.0% | Hyderabad, Telangana, India | |
| Panchakirana Chit Funds Private Limited | ₹52.26 Lakh (FY 2024) | 16.0% | Bengaluru, Karnataka, India | |||
| Rajahmundry Chit Funds Pvt Ltd | ₹52.08 Lakh (FY 2024) | 12.0% | East Godavari, Andhra Pradesh, India |
To see the full peer comparison of VSN Chit Funds Private Limited, buy the company report.
Auditor
VSN Chit Funds Private Limited is audited by MARIYALA SANTHOSH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MARIYALA SANTHOSH & CO | FY 2023 | 017025S |
Shareholding
The shareholding of VSN Chit Funds Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of VSN Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2024 | 100970251 | Hdfc Bank Limited | ₹27.49 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
VSN Chit Funds Private Limited has 2 court cases on record: 2 filed by VSN Chit Funds. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against an individual | Pending |
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of VSN Chit Funds 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 VSN Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
VSN Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCV2059P1ZQ | Telangana | Active | 19 Apr 2021 |
To see the full GST registrations and return filing status of VSN Chit Funds Private Limited, buy the company report.
Recent activity
VSN Chit Funds Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Shravan Kumar Kunchkuri ceased to be Director on 14 Nov 2023.
Frequently asked questions
VSN Chit Funds is an active private limited company based in Hyderabad, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 11 December 2017 (9+ years old) and is registered under CIN U67100TG2017PTC121109.
VSN Chit Funds has 2 current directors:
- Hari Babu Vidiyala - Director
- Palarapu Srinivasulu - Additional Director
The latest financial statements of VSN Chit Funds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of VSN Chit Funds is 36AAGCV2059P1ZQ, registered in Telangana.
The CIN (Corporate Identification Number) of VSN Chit Funds is U67100TG2017PTC121109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VSN Chit Funds has 2 court cases on record: 2 filed by the company. 1 is pending.
VSN Chit Funds was incorporated on 11 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of VSN Chit Funds by revenue are Uruli Chit Funds Private Limited, Subhasreerudra Kuries (India) Private Limited, Panchakirana Chit Funds Private Limited, Rajahmundry Chit Funds Pvt Ltd, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Shravan Kumar Kunchkuri ceased to be Director on 14 Nov 2023. Palarapu Srinivasulu was appointed as Additional Director on 29 Mar 2023. Hari Babu Vidiyala was appointed as Director on 11 Dec 2017.
The registered office of VSN Chit Funds is at Dno. 11 – 1439411 Siris Road Vastu Colony Siri Nagar Saroornagar, Hyderabad, Telangana, India – 500074.
VSN Chit Funds operates in the financial services industry, in the microfinance institutions segment.