Weserve Chits Private Limited
About Weserve Chits Private Limited
Data last updated:
Weserve Chits Private Limited is a private limited company based in Thodupuzha, Kerala, India. It operates in the fund management segment of the financial services sector. It was incorporated on 13 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2011PTC030014. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Prakash Sankarapillai (Managing Director) and Jose Cherian (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Room No.28/1345 2nd Floor Pulimoottil Plaza, Pala Road Thodupuzha P.O, Kerala, India – 685584.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.05 Lakh, a decline of 61% compared to the previous year. For the same year it recorded a net loss of ₹12.72 Lakh (net margin -115.2%) and EBITDA of -₹12.5 Lakh (EBITDA margin -113.2%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 17% over five years.
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.
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- WebsiteLocked
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- Registered AddressRoom No.28/1345 2nd Floor Pulimoottil Plaza, Pala Road Thodupuzha P.O, Kerala, India – 685584
- IndustryFinancial Services, Fund Management
- 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
- One PDF report, delivered after checkout
Business Activity of Weserve Chits Private Limited
The main business activity of Weserve Chits is financial and insurance service. In detail, this covers fund management services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services | 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 Weserve Chits Private Limited FY 2025 filings available
Weserve Chits Private Limited reported revenue of ₹11.05 Lakh (down 61% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Weserve Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 61% fall in the latest year. EBITDA fell 332% 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 Weserve Chits 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 | -₹12.5 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.72 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 Weserve Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -113.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -115.2% | •••• | •••• | •••• | •••• |
| 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 Weserve Chits 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 Weserve Chits Private Limited
Weserve Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Fund Management Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| A M Outsourcing Services Private Limited | ₹12 Lakh (FY 2025) | •••• | •••• | 1567.0% | •••• | New Delhi, Delhi, India |
| Iris Kuries Private Limited | ₹11.57 Lakh (FY 2025) | •••• | •••• | 66.0% | •••• | Thrissur, Kerala, India |
| Providence Kuries Private Limited | ₹11.27 Lakh (FY 2025) | •••• | •••• | 35.0% | •••• | Kalady, Kerala, India |
| Apk Finmart Private Limited | ₹11.24 Lakh (FY 2024) | •••• | •••• | •••• | Bhubaneswar, Orissa, India | |
| Svvss Chit Funds Private Limited | ₹11.08 Lakh (FY 2024) | •••• | •••• | -23.0% | •••• | Secunderabad, Telangana, India |
| Weserve Chits Private Limited this company | ₹11.05 Lakh (FY 2024) | •••• | •••• | -61.0% | •••• | Thodupuzha, Kerala, India |
| Sree Amrutham Chit Fund Private Limited | ₹10.68 Lakh (FY 2025) | •••• | •••• | -2.0% | •••• | Chennai, Tamil Nadu, India |
| Efforts Management & Services Private Limited | ₹10.6 Lakh (FY 2022) | •••• | •••• | -57.0% | •••• | Nasik, Maharashtra, India |
| TLS Chit Private Limited | ₹10.54 Lakh (FY 2023) | •••• | •••• | -6.0% | •••• | Madurai, Tamil Nadu, India |
| VKLM Chits Private Limited | ₹10.52 Lakh (FY 2024) | •••• | •••• | -24.0% | •••• | Vazhakulam, Kerala, India |
| D Team Asset Private Limited | ₹10.51 Lakh (FY 2025) | •••• | •••• | 26.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Weserve Chits by revenue in the same principal business activity (Fund Management Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Weserve Chits Private Limited
Weserve Chits Private Limited is audited by TONY CHACKO & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| TONY CHACKO & ASSOCIATES | 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 Weserve Chits Private Limited
Weserve Chits has 10 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwin Raman | Director | 30 Jun 2012 | 14 Years 3 Months | Current |
| Vincent Thomas Puthiri Also directs: Puzhayoram Developers Private Limited | Director | 30 Jun 2012 | 14 Years 3 Months | Current |
| Benu Joy | Director | 30 Jun 2012 | 14 Years 3 Months | Current |
| Jose Cherian | Whole-Time Director | 01 Jan 2012 | 14 Years 9 Months | Current |
| Mundaplackal Chacko Mathew | Whole-Time Director | 01 Jan 2012 | 14 Years 9 Months | Current |
| Manesh Chirathalattu Skaria Also directs: Glowell Educare Private Limited | Director | 30 Jun 2012 | 14 Years 3 Months | Current |
Ownership and Shareholding of Weserve Chits 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 Weserve Chits Private Limited
Weserve Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Weserve Chits Private Limited
Weserve Chits Private Limited has 2 court cases on record: 2 filed by Weserve Chits. 1 case is pending and 1 is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed by the company against State of Kerala | Pending |
| High Court of Kerala | Writ petition | Filed by the company against State of Kerala | Disposed |
Full case history
All 2 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 Weserve Chits Private Limited
Employment history and EPFO contributions of people linked to Weserve Chits.
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 Weserve Chits Private Limited
Weserve Chits Private Limited has 17 board changes on record since 2011: 10 appointments and 7 cessations. The latest: Prakash Sankarapillai ceased to be Director on 21 May 2022.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Weserve Chits 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 Weserve Chits 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 Weserve Chits 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 Weserve Chits Private Limited
Weserve Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Weserve Chits 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 Weserve Chits Private Limited
Weserve Chits is an active private limited company based in Thodupuzha, Kerala, India. The company works in fund management, within the financial services industry. It was incorporated on 13 December 2011 (15+ years old) and is registered under CIN U65992KL2011PTC030014.
Weserve Chits reported revenue of ₹11.05 Lakh for FY 2024 (down 61% YoY).
Weserve Chits has 10 current directors:
- Prakash Sankarapillai - Managing Director
- Jose Cherian - Whole-Time Director
- Mundaplackal Chacko Mathew - Whole-Time Director
- Ashwin Raman - Director
- Vincent Thomas Puthiri - Director
- Benu Joy - Director
- Manesh Chirathalattu Skaria - Director
- Cijo James - Director
- Mary Roy - Director
- Sunny Paul - Director
Weserve Chits reported a net loss of ₹12.72 Lakh (net margin -115.2%) and EBITDA of -₹12.5 Lakh (EBITDA margin -113.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Weserve Chits is -24% over three years and -17% over five years. In the latest year (FY 2024) revenue fell 61%. CAGR is the steady yearly rate that links the first and the last year.
No. Weserve Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Weserve Chits is U65992KL2011PTC030014. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Weserve Chits has 2 court cases on record: 2 filed by the company. 1 is pending.
Weserve Chits was incorporated on 13 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Weserve Chits by revenue are A M Outsourcing Services Private Limited, Iris Kuries Private Limited, Providence Kuries Private Limited, Apk Finmart Private Limited, Svvss Chit Funds Private Limited and 5 more, all in the same principal business activity (Fund Management Services).
Prakash Sankarapillai ceased to be Director on 21 May 2022. Sunny Paul ceased to be Managing Director on 21 May 2022. Ashwin Raman ceased to be Additional Director on 29 Sep 2012. Weserve Chits has 17 board changes on record in total.