Whiteflower Chits Private Limited
About Whiteflower Chits Private Limited
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Whiteflower Chits Private Limited is a private limited company based in Thrissur, Kerala, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 15 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL2010PTC027208. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹32.86 Lakh. It was formerly known as Jaihariom Chits Private Limited and Tatsat Hariom Chits Private Limited. It is led by directors Biju Puthenveedu Manikandan (Managing Director) and Greeshma Biju.
Its last annual general meeting (AGM) was held on 30 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Thrissur, Kerala.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.37 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹1.33 Lakh (net margin -14.2%) and EBITDA of -₹67,400 (EBITDA margin -7.2%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 8% over five years.
Court records list 60 cases involving the company, including 52 filed by the company and 8 filed against it; 24 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Whiteflower Chits has undergone 7 name changes throughout its history. The current legal name is Whiteflower Chits Private Limited.
| Company Name | Status |
|---|---|
| Whiteflower Chits Private Limited | Current |
| Jaihariom Chits Private Limited | Previous |
| Tatsat Hariom Chits Private Limited | Previous |
| Satsri Hariom Chits Private Limited | Previous |
| Srihariom Chits Private Limited | Previous |
| Omhariom Chits Private Limited | Previous |
| Templetree Chits Private Limited | Previous |
| Viswahariom Chits Private Limited | Previous |
Contact details
Whiteflower Chits Private Limited's registered office is in Thrissur, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No 19/146/22 23 3rd Floor A K M Complex Near Jayalakshmi Poothol, E P O, Thrissur, Kerala, India – 680001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Whiteflower 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 Whiteflower Chits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Whiteflower Chits Private Limited, buy the company report.
Financials of Whiteflower Chits Private Limited
FY 2023 filings availableWhiteflower Chits Private Limited reported revenue of ₹9.37 Lakh (down 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 19% fall in the latest year. EBITDA fell 199% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | -₹67,400 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.33 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.2% | ||||
| Net Profit Margin | -14.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Whiteflower Chits Private Limited, buy the company report.
Board of directors of Whiteflower Chits Private Limited
Whiteflower Chits has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Greeshma Biju | Director | 15 Dec 2010 | 15 Years 10 Months | Current |
| Biju Puthenveedu Manikandan | Managing Director | 14 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
Whiteflower Chits Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sarvadhaaram Nidhi Limited | ₹9.47 Lakh (FY 2025) | 14.0% | Lucknow, Uttar Pradesh, India | |||
| Belaku Chits Private Limited | ₹9.45 Lakh (FY 2022) | -31.0% | Chamundi Puram, Mysore, Karnataka, India | |||
| Maxvalue Chits Private Limited | ₹9.42 Lakh (FY 2025) | -11.0% | Thrissur, Kerala, India | |||
| Whiteflower Chits Private Limitedthis company | ₹9.37 Lakh (FY 2023) | -₹1.33 Lakh | -14.2% | -19.0% | Thrissur, Kerala, India | |
| Boby Chemmanur (No.1) Chits Private Limited | ₹9.34 Lakh (FY 2025) | -24.0% | Thrissur, Kerala, India | |||
| Kodish Nidhi Limited | ₹9.28 Lakh (FY 2019) | 12623.0% | Kozhikode, Kerala, India | |||
| Lakshmiganapathi Chits Private Limited | ₹9.27 Lakh (FY 2022) | -70.0% | Suryapet, Telangana, India | |||
| Karunagappally Nidhi Limited | ₹9.26 Lakh (FY 2023) | Karunagappally, Kerala, India | ||||
| K M L M Chits India Limited | ₹9.22 Lakh (FY 2023) | -33.0% | Kochi, Kerala, India |
To see the full peer comparison of Whiteflower Chits Private Limited, buy the company report.
Auditor
Whiteflower Chits Private Limited is audited by HIRAN AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HIRAN AND CO | FY 2017 | 013264S |
Shareholding
The shareholding of Whiteflower Chits Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Whiteflower Chits Private Limited, buy the company report.
Legal cases
Whiteflower Chits Private Limited has 60 court cases on record: 52 filed by Whiteflower Chits, 8 filed against it. 24 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 60 | 8 | 24 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal case | Filed against the company | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of Whiteflower Chits 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 Whiteflower Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Whiteflower Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Whiteflower Chits Private Limited, buy the company report.
Recent activity
Whiteflower Chits Private Limited has 10 board changes on record since 2010: 2 appointments and 8 cessations. The latest: Biju Puthenveedu Manikandan ceased to be Additional Director on 30 Jul 2022.
1 earlier event is in the company report.
Frequently asked questions
Whiteflower Chits is an active private limited company based in Thrissur, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 15 December 2010 (16+ years old) and is registered under CIN U65992KL2010PTC027208.
Whiteflower Chits has 2 current directors:
- Biju Puthenveedu Manikandan - Managing Director
- Greeshma Biju - Director
The latest financial statements of Whiteflower Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 June 2023. Year-wise statements from 2015 are in the company report.
No. Whiteflower Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Whiteflower Chits is U65992KL2010PTC027208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Whiteflower Chits has 60 court cases on record: 52 filed by the company and 8 filed against it. 24 are pending.
Whiteflower Chits was incorporated on 15 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Whiteflower Chits by revenue are Sarvadhaaram Nidhi Limited, Belaku Chits Private Limited, Maxvalue Chits Private Limited, Boby Chemmanur (No.1) Chits Private Limited, Kodish Nidhi Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Biju Puthenveedu Manikandan ceased to be Additional Director on 30 Jul 2022. Biju Puthenveedu Manikandan was appointed as Managing Director on 14 Jan 2022. Sudhakaran Kozhikodath Velayudhan ceased to be Director on 14 Jan 2022. Whiteflower Chits has 10 board changes on record in total.
The registered office of Whiteflower Chits is at Door No 1914622 23 3rd Floor A K M Complex Near Jayalakshmi Poothol, E P O, Thrissur, Kerala, India – 680001.
Whiteflower Chits operates in the financial services industry, in the financial activities segment.