Avtar Chit Fund And Investment Co P Ltd

Manages chit funds and investments since 1976, based in Punjab.

1976 | Ludhiana, Punjab (India) | Active
Last Updated: December 29, 2024

Avtar Chit Fund And Investment Co P Profile

Key Indicators

  • Authorised Capital ₹ 0.20 M
  • Paid Up Capital ₹ 0.20 M
  • Company Age 48 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 8.15%
  • Profit Growth -45.01%
  • Ebitda 1332.36%
  • Net Worth -24.44%
  • Total Assets -17.28%

About Avtar Chit Fund And Investment Co P

Avtar Chit Fund And Investment Co P Ltd (ACFAICPL) is a Private Limited Indian Non-Government Company incorporated in India on 29 December 1976 and has a history of 48 years and one month. Its registered office is in Ludhiana, Punjab, 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 0.20 M and a paid-up capital of Rs 0.20 M, as per Ministry of Corporate Affairs (MCA) records.

Gursharan Ghai and Amandeep Ghai serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992PB1976PTC003711

  • Company No.

    003711

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Dec 1976

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Financial Services

Who are the key members and board of directors at Avtar Chit Fund And Investment Co P?

Board Members (2)

NameDesignationAppointment DateStatus
Gursharan Ghai Country flag representing In Director 29-Dec-1976Current
Amandeep Ghai Country flag representing In Director 07-Feb-2024Current

Financial Performance of Avtar Chit Fund And Investment Co P.

Avtar Chit Fund And Investment Co P Ltd, for the financial year ended 2022, experienced modest growth in revenue, with a 8.15% increase. The company also saw a substantial fall in profitability, with a 45.01% decrease in profit. The company's net worth observed a substantial decline by a decrease of 24.44%.

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
8.15%
Revenue from Operations
8.21%
Total Assets
-17.28%
Profit or Loss
-45.01%
Net Worth
-24.44%
EBITDA
1332.36%

What is the Ownership and Shareholding Structure of Avtar Chit Fund And Investment Co P?

In 2021, Avtar Chit Fund And Investment Co P 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 Avtar Chit Fund And Investment Co P?

Unlock and access historical data on people associated with Avtar Chit Fund And Investment Co P, 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 Avtar Chit Fund And Investment Co P, 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 Avtar Chit Fund And Investment Co P'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 Avtar Chit Fund And Investment Co P

Recent activity within the organization

  • Annual General Meeting

    Avtar Chit Fund And Investment Co P Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Avtar Chit Fund And Investment Co P Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

    31 Mar 2024

  • Director Appointment

    Amandeep Singh Ghai was appointed as a Director was appointed as a Director on 07 Feb 2024 & has been associated with this company since 1 year 14 days .

    07 Feb 2024

  • Director Appointment

    Gursharan Singh Ghai was appointed as a Director was appointed as a Director on 29 Dec 1976 & has been associated with this company since 48 years 1 month .

    29 Dec 1976

  • Company Incorporation

    Avtar Chit Fund And Investment Co P Ltd was registered on 29 Dec 1976 with Roc Chandigarh & aged 48 years 1 month as per MCA records.

    29 Dec 1976

Frequently asked questions

  • Avtar Chit Fund And Investment Co P Ltd was incorporated on 29 Dec 1976.

  • The authorized share capital of Avtar Chit Fund And Investment Co P Ltd is ₹ 0.20 M and paid-up capital is ₹ 0.20 M.

  • Currently 2 directors are associated with Avtar Chit Fund And Investment Co P Ltd.

    • Gursharan Singh Ghai
    • Amandeep Singh Ghai
  • As per Ministry of Corporate Affairs (Mca), the registered address of Avtar Chit Fund And Investment Co P Ltd is Inside Lala Lajpat Raimarkit G T Road Khanna India, Punjab, 141401.

  • The corporate identification number (CIN) of Avtar Chit Fund And Investment Co P Ltd is U65992PB1976PTC003711 and the company number is 003711 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Avtar Chit Fund And Investment Co P Ltd has risen by 8.15%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Avtar Chit Fund And Investment Co P Ltd has experienced an downturn of -24.44%.

  • The most recent Balance Sheet for Avtar Chit Fund And Investment Co P Ltd was filed with the ROC on 31 Mar 2024.

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