Amass Chits Private Limited

Manages chit funds for clients.

1994 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Amass Chits Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.42 M
  • Company Age 31 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 0.40 M
  • Satisfied Charges ₹ 0.45 M
  • Revenue Growth -33.26%
  • Profit Growth -119.82%
  • Ebitda -183.89%
  • Net Worth -1.26%
  • Total Assets 1.58%

About Amass Chits

Amass Chits Private Limited (ACPL) is a Private Limited Indian Non-Government Company incorporated in India on 10 February 1994 and has a history of 31 years and one month. 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 0.50 M and a paid-up capital of Rs 0.42 M.

The company currently has active open charges totaling ₹0.40 M. The company has closed loans amounting to ₹0.45 M, as per Ministry of Corporate Affairs (MCA) records.

Raman Muthukumar, Jagaveeran Muthusamy, Muthukumar Lakshmi, and One other member 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

    U65991TN1994PTC026762

  • Company No.

    026762

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 Feb 1994

  • 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 Amass Chits?

Board Members (4)

NameDesignationAppointment DateStatus
Raman Muthukumar Country flag representing In Director 10-Feb-1994Current
Jagaveeran Muthusamy Country flag representing In Director 05-Sep-2012Current
Muthukumar Lakshmi Country flag representing In Director 12-May-2023Current
Jayalakshmi Jagaveeran Director 12-May-2023Current

Financial Performance of Amass Chits.

Amass Chits Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 33.26% decrease. The company also saw a substantial fall in profitability, with a 119.82% decrease in profit. The company's net worth dipped by a decrease of 1.26%.

Amass Chits revenue growth over time
Amass Chits 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
-33.26%
Revenue from Operations
-38.63%
Total Assets
1.58%
Profit or Loss
-119.82%
Net Worth
-1.26%
EBITDA
-183.89%

What is the Ownership and Shareholding Structure of Amass Chits?

In 2019, Amass 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)

Open Charges

₹0.40 M

Satisfied Charges

₹0.45 M

Charges Breakdown by Lending Institutions

  • Indian Overseas Bank : 0.04 Cr

Latest Charge Details

DateLenderAmountStatus
09 Sep 1999Indian Overseas Bank₹0.40 MOpen
09 Sep 1999Indian Overseas Bank₹0.40 MSatisfied
08 Jun 1995Union Bank Of India₹0.05 MSatisfied

How Many Employees Work at Amass Chits?

Amass Chits has a workforce of 1 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Amass Chits Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Amass 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 Amass Chits's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Amass Chits

Recent activity within the organization

  • Annual General Meeting

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

  • Charges

    A charge registered on 09 Sep 1999 via Charge ID 90294690 with Indian Overseas Bank was fully satisfied on 31 May 2024.

  • Charges

    A charge registered on 08 Jun 1995 via Charge ID 90292298 with Union Bank Of India was fully satisfied on 31 May 2024.

  • Balance Sheet

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

  • Director Appointment

    Muthukumar Indhu Lakshmi was appointed as a Director was appointed as a Director on 12 May 2023 & has been associated with this company since 1 year 10 months .

  • Director Appointment

    Jayalakshmi Jagaveeran was appointed as a Director was appointed as a Director on 12 May 2023 & has been associated with this company since 1 year 10 months .

Frequently asked questions

  • What is the Incorporation or founding date of Amass Chits Private Limited?

    Amass Chits Private Limited was incorporated on 10 Feb 1994.

  • What is authorized share capital and paid-up capital of Amass Chits Private Limited?

    The authorized share capital of Amass Chits Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.42 M.

  • Who are the current board members & directors of Amass Chits Private Limited?

    Currently 4 directors are associated with Amass Chits Private Limited.

    • Raman Muthukumar
    • Jagaveeran Muthusamy
    • Muthukumar Indhu Lakshmi
    • Jayalakshmi Jagaveeran

  • What is the registered address of Amass Chits Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Amass Chits Private Limited is No 29 (Old 14/1) Thiruvengadam Street, Mandaveli India, Chennai City Corporation, Tamil Nadu, 600028.

  • What is the corporate identification number (CIN) and company number of Amass Chits Private Limited?

    The corporate identification number (CIN) of Amass Chits Private Limited is U65991TN1994PTC026762 and the company number is 026762 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Amass Chits Private Limited?

    According to the financial reports for the fiscal year 2020, the revenue trend for Amass Chits Private Limited has fallen by -33.26%.

  • How many employees does Amass Chits Private Limited currently have?

    As Per 2020 financial reports, 1 employees are currently employed by Amass Chits Private Limited.

  • What change has been observed in the net worth of Amass Chits Private Limited, and by what percentage?

    The financial reports for the fiscal year 2020 indicates that The net worth of Amass Chits Private Limited has experienced an downturn of -1.26%.

  • What are the total open charges for Amass Chits Private Limited?

    As per the financial statements for fiscal Year 2020, The total open charges for Amass Chits Private Limited amount to ₹ 0.40 M.

  • When was the last Balance Sheet of Amass Chits Private Limited filed with the ROC?

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

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