Wellshine Chit Funds Private Limited
About Wellshine Chit Funds Private Limited
Data last updated:
Wellshine Chit Funds Private Limited is a private limited company based in Tiruchirappalli, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 25 January 2000.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65992TN2000PTC044007.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16 Lakh. It is led by directors Srinivasaraghavan Chitra and Thirunavukkarasu Renganathan.
Its last annual general meeting (AGM) was held on 19 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Tiruchirappalli, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹39,887, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹1.03 Lakh (net margin -257%) and EBITDA of -₹97,211 (EBITDA margin -243.7%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 53% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
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- Registered AddressFirst Floor New No.6 Old No.3 Thomas Street Race Course Road Kajamal, Ai, Tiruchirappalli, Tamil Nadu, India – 620020
- IndustryFinancial Services, Microfinance Institutions
- 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
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Business Activity of Wellshine Chit Funds Private Limited
The main business activity of Wellshine Chit Funds is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Wellshine Chit Funds Private Limited FY 2024 filings available
Wellshine Chit Funds Private Limited reported revenue of ₹39,887 (down 91% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Wellshine Chit Funds Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 53% over five years, including a 91% fall in the latest year. EBITDA rose 78% 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 of Wellshine Chit Funds Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹97,211 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.03 Lakh | •••• | •••• | •••• | •••• |
| 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 of Wellshine Chit Funds Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -243.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -257% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Wellshine Chit Funds are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Wellshine Chit Funds Private Limited
Wellshine Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds, Micro Finance). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sai Nalmas Chit Funds Private Limited | •••• | •••• | •••• | •••• | - | Bhupalapally Jayashankar, Telangana, India |
| RKN Nidhi Limited | •••• | •••• | •••• | •••• | - | Pilani, Rajasthan, India |
| Karnagi Nidhi Limited | •••• | •••• | •••• | •••• | - | Malda, West Bengal, India |
| Sri SPN Chit Funds Private Limited | •••• | •••• | •••• | •••• | - | Mettupalayam, Tamil Nadu, India |
| Maniratanam India Nidhi Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Wellshine Chit Funds Private Limited this company | •••• | •••• | •••• | •••• | - | Tiruchirappalli, Tamil Nadu, India |
| Purco Urban Nidhi Limited | •••• | •••• | •••• | •••• | - | Miraj, Maharashtra, India |
| Ethiraj Chit Funds Private Limited | •••• | •••• | •••• | •••• | - | Kancheepuram, Tamil Nadu, India |
| Avika Micro Finance Private Limited | •••• | •••• | •••• | •••• | - | Allahabad, Uttar Pradesh, India |
| Udarthi Microcare Foundation | •••• | •••• | •••• | •••• | - | Delhi, India |
| Prestige Green India Micro Finance Foundation | •••• | •••• | •••• | •••• | - | Bareilly, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Wellshine Chit Funds by revenue in the BFSI industry (Chit Funds, Micro Finance), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Wellshine Chit Funds Private Limited
Wellshine Chit Funds Private Limited is audited by PONRAJ & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PONRAJ & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Wellshine Chit Funds Private Limited
Wellshine Chit Funds has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivasaraghavan Chitra | Director | 22 Feb 2021 | 5 Years 7 Months | As last reported |
| Thirunavukkarasu Renganathan Also directs: Harihar Alloys Private Limited | Director | 25 Jan 2000 | 26 Years 8 Months | As last reported |
Ownership and Shareholding of Wellshine Chit Funds Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Wellshine Chit Funds Private Limited
Wellshine Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Wellshine Chit Funds Private Limited
Wellshine Chit Funds Private Limited has 1 court case on record: 1 filed by Wellshine Chit Funds. All case is disposed. Status as checked on 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruchirappalli, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Wellshine Chit Funds Private Limited
Employment history and EPFO contributions of people linked to Wellshine Chit Funds.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Wellshine Chit Funds Private Limited
Wellshine Chit Funds Private Limited has 6 board changes on record since 2000: 3 appointments and 3 cessations. The latest: Chitra was appointed as Irp/Rp/Liquidator on 05 Jul 2025.
Credit Ratings, Litigation & Regulatory Alerts for Wellshine Chit Funds Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Wellshine Chit Funds Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Wellshine Chit Funds Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Wellshine Chit Funds Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Wellshine Chit Funds Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Wellshine Chit Funds Private Limited
Wellshine Chit Funds is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Wellshine Chit Funds is a company under liquidation, formerly operating as a private limited company based in Tiruchirappalli, Tamil Nadu, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 25 January 2000 and is registered under CIN U65992TN2000PTC044007. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Wellshine Chit Funds reported revenue of ₹39,887 for FY 2024 (down 91% YoY).
Wellshine Chit Funds has 2 current directors:
- Srinivasaraghavan Chitra - Director
- Thirunavukkarasu Renganathan - Director
Wellshine Chit Funds reported a net loss of ₹1.03 Lakh (net margin -257%) and EBITDA of -₹97,211 (EBITDA margin -243.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wellshine Chit Funds is -71% over three years and -53% over five years. In the latest year (FY 2024) revenue fell 91%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Wellshine Chit Funds is U65992TN2000PTC044007. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wellshine Chit Funds has 1 court case on record: 1 filed by the company.
Wellshine Chit Funds was incorporated on 25 January 2000. It is registered with the Registrar of Companies, Chennai.
The peers of Wellshine Chit Funds by revenue are Sai Nalmas Chit Funds Private Limited, RKN Nidhi Limited, Karnagi Nidhi Limited, Sri SPN Chit Funds Private Limited, Maniratanam India Nidhi Limited and 5 more, all in the BFSI industry (Chit Funds, Micro Finance).
Chitra was appointed as Irp/Rp/Liquidator on 05 Jul 2025. Srinivasaraghavan Chitra ceased to be Additional Director on 29 Nov 2021. Srinivasaraghavan Chitra was appointed as Director on 22 Feb 2021. Wellshine Chit Funds has 6 board changes on record in total.