Balussery Benefit Chit Fund Private Limited

Manages chit funds in major Indian cities since 1947.

1947 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Balussery Benefit Chit Fund Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 1.92 M
  • Company Age 78 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 0.50 M
  • Satisfied Charges ₹ 4.15 Cr
  • Revenue Growth -1.60%
  • Profit Growth -17.78%
  • Ebitda -29.18%
  • Net Worth 5.25%
  • Total Assets 9.52%

About Balussery Benefit Chit Fund

Balussery Benefit Chit Fund Private Limited (BBCFPL) was founded in India on 06 February 1947 and has a glorious history of 78 years and three months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as The Balussery Benefit Chit Fund Limited. 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 2.50 M and a paid-up capital of Rs 1.92 M.

The company currently has active open charges totaling ₹0.50 M. The company has closed loans amounting to ₹4.15 Cr, as per Ministry of Corporate Affairs (MCA) records.

Mambilamadam Vaidyanathan, Viswanathan Suresh, Mambila Gowrikanthan, and Two other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U65992TN1947PTC000211

  • Company No.

    000211

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Feb 1947

  • Date of AGM

    18 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services
Company report

Balussery Benefit Chit Fund Private Limited

Explore comprehensive data for Balussery Benefit Chit Fund Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Board Members (5)

NameDesignationAppointment DateStatus
Mambilamadam Vaidyanathan Country flag representing In Director 20-Jul-1968Current
Viswanathan Suresh Country flag representing In Director 26-Jun-1986Current
Mambila Gowrikanthan Country flag representing In Director 20-Jul-1972Current
Sivaramakrishnan Subramanian Country flag representing In Director 20-Jul-1968Current
Krishnan Subramanian Country flag representing In Director 29-Jul-2014Current

Financial Performance of Balussery Benefit Chit Fund.

Balussery Benefit Chit Fund Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 1.6% decrease. The company also saw a substantial fall in profitability, with a 17.78% decrease in profit. The company's net worth moved up by a moderate rise of 5.25%.

Balussery Benefit Chit Fund revenue growth over time
Balussery Benefit 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
-1.60%
Revenue from Operations
-1.68%
Total Assets
9.52%
Profit or Loss
-17.78%
Net Worth
5.25%
EBITDA
-29.18%

What is the Ownership and Shareholding Structure of Balussery Benefit Chit Fund?

In 2023, Balussery Benefit Chit Fund had a public holding of 10.42%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.50 M

Satisfied Charges

₹41.51 M

Charges Breakdown by Lending Institutions

  • Indian Bank : 0.05 Cr

Latest Charge Details

DateLenderAmountStatus
03 Mar 2010Indian Bank₹0.50 MOpen
24 Aug 2018Others₹3.00 CrSatisfied
27 Feb 2012Vijaya Bank₹0.45 MSatisfied
19 Feb 2005Icici Bank Ltd.₹0.60 MSatisfied
08 Dec 2004Hdfc Bank Ltd.₹0.46 MSatisfied

How Many Employees Work at Balussery Benefit Chit Fund?

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

Employee growth trends for Balussery Benefit Chit Fund Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Balussery Benefit 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 Balussery Benefit 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 Balussery Benefit Chit Fund

Recent activity within the organization

  • Annual General Meeting

    Balussery Benefit Chit Fund Private Limited last Annual general meeting of members was held on 18 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Balussery Benefit Chit Fund Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge registered on 24 Aug 2018 via Charge ID 100214349 with Others was fully satisfied on 26 Aug 2022.

  • Charges

    A charge with Others amounted to Rs. 30.00 M with Charge ID 100214349 was registered on 24 Aug 2018.

  • Charges

    A charge registered on 17 Jul 1985 via Charge ID 80038887 with Vijaya Bank was fully satisfied on 02 Aug 2018.

  • Charges

    A charge with Vijaya Bank of Rs. 10.00 M registered on 17 Jul 1985 with Charge ID 80038887 was modified on 26 Mar 2018.

Frequently asked questions

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

    Balussery Benefit Chit Fund Private Limited was incorporated on 06 Feb 1947.

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

    The authorized share capital of Balussery Benefit Chit Fund Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.92 M.

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

    Currently 5 directors are associated with Balussery Benefit Chit Fund Private Limited.

    • Mambilamadam Viswanathan Vaidyanathan
    • Viswanathan Suresh
    • Mambila Viswanathan Gowrikanthan
    • Sivaramakrishnan Tattamangalam Subramanian
    • Krishnan Tattamangalam Subramanian

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Balussery Benefit Chit Fund Private Limited is 30 Singorachari Street Triplicane, India, Triplicane Madras-5., Tamil Nadu, 600005.

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

    The corporate identification number (CIN) of Balussery Benefit Chit Fund Private Limited is U65992TN1947PTC000211 and the company number is 000211 as per Ministry of Corporate Affairs (MCA).

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

    The Official website of Balussery Benefit Chit Fund Private Limited is https://www.balusserychitsonline.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Balussery Benefit Chit Fund Private Limited has fallen by -1.60%.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Balussery Benefit Chit Fund Private Limited has experienced an upsurge of 5.25%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Balussery Benefit Chit Fund Private Limited amount to ₹ 0.50 M.

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

    The most recent Balance Sheet for Balussery Benefit Chit Fund Private Limited was filed with the ROC on 31 Mar 2024.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial

People also Viewed

Similar Companies Based on Microfinance Institutions