Abs Chits Private Limited

This company facilitates chit fund business and encourages members to save money through periodic payments.

1996 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 21, 2024

Abs Chits Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 28 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth %
  • Profit Growth 11.20%
  • Ebitda 11.20%
  • Net Worth -8.88%
  • Total Assets %

About Abs Chits

Abs Chits Private Limited (ACPL) is a Private Limited Indian Non-Government Company incorporated in India on 28 March 1996 and has a history of 28 years and ten months. Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Banukumar Santhakumar and Jayalakshmi serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65991TN1996PTC034969

  • Company No.

    034969

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Mar 1996

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Abs Chits?

Board Members (2)

NameDesignationAppointment DateStatus
Banukumar Santhakumar Country flag representing In Director 26-Oct-2020Current
Jayalakshmi Country flag representing In Director 28-Mar-1996Current

Financial Performance of Abs Chits.

Abs Chits Private Limited, for the financial year ended 2017, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 11.2% increase in profit. The company's net worth dipped by a decrease of 8.88%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
Revenue from Operations
Total Assets
Profit or Loss
11.20%
Net Worth
-8.88%
EBITDA
11.20%

What is the Ownership and Shareholding Structure of Abs Chits?

In 2017, Abs Chits had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Abs Chits?

Unlock and access historical data on people associated with Abs Chits, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Abs Chits, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Abs Chits's trajectory.

Rating

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Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

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Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Abs Chits

Recent activity within the organization

  • Annual General Meeting

    Abs Chits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Abs Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Director Appointment

    Banukumar Malini Santhakumar was appointed as a Director was appointed as a Director on 26 Oct 2020 & has been associated with this company since 4 years 4 months .

    26 Oct 2020

  • Director Appointment

    Jayalakshmi was appointed as a Director was appointed as a Director on 28 Mar 1996 & has been associated with this company since 28 years 10 months .

    28 Mar 1996

  • Company Incorporation

    Abs Chits Private Limited was registered on 28 Mar 1996 with Roc Chennai & aged 28 years 10 months as per MCA records.

    28 Mar 1996

Frequently asked questions

  • Abs Chits Private Limited was incorporated on 28 Mar 1996.

  • The authorized share capital of Abs Chits Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Abs Chits Private Limited.

    • Banukumar Malini Santhakumar
    • Jayalakshmi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Abs Chits Private Limited is No.12 Plot No.54 Sudharma First Link Street Raghava Reddy Colony, Ashok Nagar. India, Chennai, Tamil Nadu, 600083.

  • The corporate identification number (CIN) of Abs Chits Private Limited is U65991TN1996PTC034969 and the company number is 034969 as per Ministry of Corporate Affairs (MCA).

  • The financial reports for the fiscal year 2017 indicates that The net worth of Abs Chits Private Limited has experienced an downturn of -8.88%.

  • The most recent Balance Sheet for Abs Chits Private Limited was filed with the ROC on 31 Mar 2024.

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