Associated Chit Fund Private Limited

Microfinance company providing chit fund services in Maharashtra since 2004.

2004 | Pune, Maharashtra (India) | Active
Last Updated:

Associated Chit Fund Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 5.95 Cr
  • Company Age 20 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 5.30 M
  • Satisfied Charges ₹ 2.97 Cr
  • Revenue Growth 210.71%
  • Profit Growth 104.46%
  • Ebitda -162.40%
  • Net Worth 1.17%
  • Total Assets -25.20%

About Associated Chit Fund

Associated Chit Fund Private Limited (ACFPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 July 2004 and has a history of 20 years and seven months. Its registered office is in Pune, Maharashtra, 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 2023. It's a company limited by shares with an authorized capital of Rs 7.00 Cr and a paid-up capital of Rs 5.95 Cr.

The company currently has active open charges totaling ₹5.30 M. The company has closed loans amounting to ₹2.97 Cr, as per Ministry of Corporate Affairs (MCA) records.

Harinarayanan Raman and Saji Varkey serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    finfraternity.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65992PN2004PTC019476

  • Company No.

    019476

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Jul 2004

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Financial Services

Who are the key members and board of directors at Associated Chit Fund?

Board Members (2)

NameDesignationAppointment DateStatus
Saji Varkey Country flag representing In Whole-Time Director 06-Jul-2004Current
Harinarayanan Raman Country flag representing In Director 06-Jul-2004Current

Financial Performance of Associated Chit Fund.

Associated Chit Fund Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 210.71% increase. The company also saw a substantial improvement in profitability, with a 104.46% increase in profit. The company's net worth moved up by a moderate rise of 1.17%.

Associated Chit Fund revenue growth over time
Associated Chit Fund 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
210.71%
Revenue from Operations
-67.59%
Total Assets
-25.20%
Profit or Loss
104.46%
Net Worth
1.17%
EBITDA
-162.40%

What is the Ownership and Shareholding Structure of Associated Chit Fund?

In 2023, Associated Chit Fund had a promoter holding of 99.46% and a public holding of 0.54%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.53 Cr

Satisfied Charges

₹2.97 Cr

Charges Breakdown by Lending Institutions

  • The South Indian Bank Limited : 0.29 Cr
  • Others : 0.24 Cr

Latest Charge Details

DateLenderAmountStatus
05 Jul 2017The South Indian Bank Limited₹2.87 MOpen
30 Jun 2017Others₹2.43 MOpen
03 Mar 2014South Indian Bank Limited₹2.61 MSatisfied
22 Jul 2013Punjab National Bank₹0.71 MSatisfied
21 May 2013Others₹2.40 CrSatisfied

How Many Employees Work at Associated Chit Fund?

Associated Chit Fund 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 Associated Chit Fund Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Associated Chit Fund, 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 Associated Chit Fund'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 Associated Chit Fund

Recent activity within the organization

  • Annual General Meeting

    Associated Chit Fund Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Associated Chit Fund Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.

  • Charges

    A charge registered on 22 Jul 2013 via Charge ID 10440042 with Punjab National Bank was fully satisfied on 15 Nov 2021.

  • Charges

    A charge registered on 21 May 2013 via Charge ID 10431990 with Others was fully satisfied on 15 Nov 2021.

  • Charges

    A charge registered on 30 Jul 2010 via Charge ID 10240766 with Punjab National Bank was fully satisfied on 15 Nov 2021.

  • Charges

    A charge registered on 18 Jul 2008 via Charge ID 10116709 with Punjab National Bank was fully satisfied on 15 Nov 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Associated Chit Fund Private Limited?

    Associated Chit Fund Private Limited was incorporated on 06 Jul 2004.

  • What is authorized share capital and paid-up capital of Associated Chit Fund Private Limited?

    The authorized share capital of Associated Chit Fund Private Limited is ₹ 7.00 Cr and paid-up capital is ₹ 5.95 Cr.

  • Who are the current board members & directors of Associated Chit Fund Private Limited?

    Currently 2 directors are associated with Associated Chit Fund Private Limited.

    • Harinarayanan Kandanath Raman
    • Saji Varkey

  • What is the registered address of Associated Chit Fund Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Associated Chit Fund Private Limited is 137 1St Floor Fusion Park Morwadi Ajmera Road Pimpri India, Pune, Maharashtra, 411018.

  • What is the corporate identification number (CIN) and company number of Associated Chit Fund Private Limited?

    The corporate identification number (CIN) of Associated Chit Fund Private Limited is U65992PN2004PTC019476 and the company number is 019476 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Associated Chit Fund Private Limited?

    The Official website of Associated Chit Fund Private Limited is https://www.finfraternity.com

  • What has been the recent revenue trend for Associated Chit Fund Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Associated Chit Fund Private Limited has risen by 210.71%.

  • How many employees does Associated Chit Fund Private Limited currently have?

    As Per 2023 financial reports, 1 employees are currently employed by Associated Chit Fund Private Limited.

  • What change has been observed in the net worth of Associated Chit Fund Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Associated Chit Fund Private Limited has experienced an upsurge of 1.17%.

  • What are the total open charges for Associated Chit Fund Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Associated Chit Fund Private Limited amount to ₹ 5.30 M.

  • When was the last Balance Sheet of Associated Chit Fund Private Limited filed with the ROC?

    The most recent Balance Sheet for Associated Chit Fund Private Limited was filed with the ROC on 31 Mar 2023.

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