Yaley Chit Funds Private Limited
About Yaley Chit Funds Private Limited
Data last updated:
Yaley Chit Funds Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 01 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U65992TZ1992PTC004140. Its GSTIN is 33AAACY0719M2Z9 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Mathivanan Premsharan (Managing Director) and Mathivavan Ezhilarasi.
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 223 Mettur Road Mettur Road, Erode, Tamil Nadu, India – 638011.
As per the financials filed for FY 2024, the company reported a revenue of ₹52.51 Lakh, a decline of 55% compared to the previous year. For the same year it recorded a net profit of ₹5.8 Lakh (net margin 11%) and EBITDA of ₹13.5 Lakh (EBITDA margin 25.7%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 28% over five years.
As per MCA filings, the company has open charges of ₹54.48 Lakh on record. Court records list 25 cases involving the company, including 15 filed by the company and 10 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Yaley Chit Funds Private Limited's registered office is in Erode, Tamil Nadu.
- Registered Address223 Mettur Road Mettur Road, Erode, Tamil Nadu, India – 638011
- IndustryFinancial Services, Diversified Financial Services
- 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 Yaley Chit Funds 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 Yaley Chit Funds Private Limited, buy the company report.
Financials of Yaley Chit Funds Private Limited
FY 2024 filings availableYaley Chit Funds Private Limited reported revenue of ₹52.51 Lakh (down 55% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 55% fall in the latest year. EBITDA fell 10% 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 | ₹13.5 Lakh | ||||
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| Net Profit (PAT) | ₹5.8 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 | 25.7% | ||||
| Net Profit Margin | 11% | ||||
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To see the full financial statements and ratios of Yaley Chit Funds Private Limited, buy the company report.
Board of directors of Yaley Chit Funds Private Limited
Yaley Chit Funds has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mathivavan Ezhilarasi | Director | 01 Dec 1992 | 33 Years 10 Months | Current |
| Mathivanan Premsharan Also directs: Yaley's Aqua Minerals Private Limited, Yaley Garden Plaza Private Limited, Yeon Ventures Private Limited and 1 more | Managing Director | 20 May 2011 | 15 Years 5 Months | Current |
Peer comparison
Yaley Chit Funds Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Chit Funds, Other Financial Services), 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 |
|---|---|---|---|---|---|---|
| Lakshmivaibhav Chit Funds Private Limited | ₹52.53 Lakh (FY 2021) | -12.0% | Nellore, Andhra Pradesh, India | |||
| Yaley Chit Funds Private Limitedthis company | ₹52.51 Lakh (FY 2024) | ₹5.8 Lakh | 11% | -55.0% | Erode, Tamil Nadu, India | |
| Loan Tree Finserve Private Limited | ₹52.51 Lakh (FY 2025) | -40.0% | New Delhi, Delhi, India | |||
| Mseyr Nidhi Limited | ₹52.48 Lakh (FY 2023) | -47.0% | Trissur, Kerala, India | |||
| Classic Insurance Surveyors & Loss Assessors Private Limited | ₹52.45 Lakh (FY 2024) | -3.0% | Chandigarh, India |
To see the full peer comparison of Yaley Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2025 | 101079919 | Hdfc Bank Limited | ₹36.48 Lakh | Open | |
| 19 Jun 2012 | 10370462 | Vijaya Bank | ₹12 Lakh | Open | |
| 11 Mar 2011 | 10284529 | Vijaya Bank | ₹6 Lakh | Open |
Total charge records: 3 View all charges
Legal cases
Yaley Chit Funds Private Limited has 25 court cases on record: 15 filed by Yaley Chit Funds, 10 filed against it. 1 case is pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 5 | 1 |
| High courts | 5 | 5 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Appeal | Filed against the company by M/S Print India Printings, A Firm Rep by Partner N.M.K. Mohamed Bilal and 2 others | Pending |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Tiruppur, Tamil Nadu | Execution petition | Filed by the company against M/S. A.S. Sujith Packages (Firm) Rep by Partner P. Siva Prakasam and 3 others | Disposed |
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed against the company by M/S Print India Printings, A Firm Rep by Partner N.M.K. Mohamed Bilal and 2 others | Disposed |
To see the full case history of Yaley 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 Yaley Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Yaley Chit Funds has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACY0719M2Z9 | Tamil Nadu | Active | 01 Sep 2017 |
To see the full GST registrations and return filing status of Yaley Chit Funds Private Limited, buy the company report.
Recent activity
Yaley Chit Funds Private Limited has 4 board changes on record since 1992: 2 appointments and 2 cessations. The latest: Mathivanan Premsharan ceased to be Whole-Time Director on 22 Nov 2018.
Frequently asked questions
Yaley Chit Funds is an active private limited company based in Erode, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 01 December 1992 (34+ years old) and is registered under CIN U65992TZ1992PTC004140.
Yaley Chit Funds has 2 current directors:
- Mathivanan Premsharan - Managing Director
- Mathivavan Ezhilarasi - Director
The latest financial statements of Yaley 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 2015 are in the company report.
The GSTIN of Yaley Chit Funds is 33AAACY0719M2Z9, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Yaley Chit Funds is U65992TZ1992PTC004140. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yaley Chit Funds has 25 court cases on record: 15 filed by the company and 10 filed against it. 1 is pending. Most are in the district courts.
Yaley Chit Funds was incorporated on 01 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Yaley Chit Funds by revenue are Lakshmivaibhav Chit Funds Private Limited, Loan Tree Finserve Private Limited, Mseyr Nidhi Limited, Classic Insurance Surveyors & Loss Assessors Private Limited, all in the BFSI industry (Chit Funds, Other Financial Services), with the same principal business activity (other financial activities).
Mathivanan Premsharan ceased to be Whole-Time Director on 22 Nov 2018. Yaley Subbian Mathivanan ceased to be Director on 11 Nov 2018. Mathivanan Premsharan was appointed as Managing Director on 20 May 2011. Yaley Chit Funds has 4 board changes on record in total.
The registered office of Yaley Chit Funds is at 223 Mettur Road Mettur Road, Erode, Tamil Nadu, India – 638011.
Yaley Chit Funds operates in the financial services industry, in the diversified financial services segment.