Erode M D Chit Funds Private Limited

Manages chit funds for financial growth.

2015 | Erode, Tamil Nadu (India) | Active
Last Updated: December 07, 2024

Erode M D Chit Funds Profile

Key Indicators

  • Authorised Capital ₹ 2.00 M
  • Paid Up Capital ₹ 2.00 M
  • Company Age 9 Year, 8 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 2.50 M
  • Revenue Growth 196.49%
  • Profit Growth 172.30%
  • Ebitda 17865.22%
  • Net Worth
  • Total Assets 70.63%

About Erode M D Chit Funds

Erode M D Chit Funds Private Limited (EMDCFPL) is a Private Limited Indian Non-Government Company incorporated in India on 13 May 2015 (Nine years and eight months 22 days old ). Its registered office is in Erode, 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 2022. It's a company limited by shares with an authorized capital of Rs 2.00 M and a paid-up capital of Rs 2.00 M.

The company currently has active open charges totaling ₹2.50 M.

Muthusamy Easwaran and Easwaran Chandra serve as directors at the Company.

Company Details

  • Location

    Erode, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992TZ2015PTC021376

  • Company No.

    021376

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    13 May 2015

  • Date of AGM

    30 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Financial Services

Who are the key members and board of directors at Erode M D Chit Funds?

Executive Team (1)

Name Designation Appointment Date Status
Muthusamy Easwaran Country flag representing In Managing Director 13-May-2015 Current

Board Members (1)

Name Designation Appointment Date Status
Easwaran Chandra Country flag representing In Director 13-May-2015 Current

Financial Performance of Erode M D Chit Funds.

Erode M D Chit Funds Private Limited, for the financial year ended 2019, experienced significant growth in revenue, with a 196.49% increase. The company also saw a substantial improvement in profitability, with a 172.3% increase in profit. The company's net worth witnessed no change by increase of 0%.

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
196.49%
Revenue from Operations
196.49%
Total Assets
70.63%
Profit or Loss
172.30%
Net Worth
EBITDA
17865.22%

What is the Ownership and Shareholding Structure of Erode M D Chit Funds?

In 2019, Erode M D Chit Funds 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

₹2.50 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 0.25 Cr

Latest Charge Details

Date Lender Amount Status
25 Sep 2020 Others ₹2.50 M Open

How Many Employees Work at Erode M D Chit Funds?

Unlock and access historical data on people associated with Erode M D Chit Funds, 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 Erode M D Chit Funds, 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 Erode M D Chit Funds'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 Erode M D Chit Funds

Recent activity within the organization

  • Annual General Meeting

    Erode M D Chit Funds Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

    30 Sep 2022

  • Balance Sheet

    Erode M D Chit Funds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Coimbatore.

    31 Mar 2022

  • Charges

    A charge with Others amounted to Rs. 2.50 M with Charge ID 100387630 was registered on 25 Sep 2020.

    25 Sep 2020

  • Director Appointment

    Muthusamy Duraisamy Easwaran was appointed as a Managing Director was appointed as a Managing Director on 13 May 2015 & has been associated with this company since 9 years 8 months .

    13 May 2015

  • Director Appointment

    Easwaran Chandra was appointed as a Director was appointed as a Director on 13 May 2015 & has been associated with this company since 9 years 8 months .

    13 May 2015

  • Company Incorporation

    Erode M D Chit Funds Private Limited was registered on 13 May 2015 with Roc Coimbatore & aged 9 years 8 months as per MCA records.

    13 May 2015

Frequently asked questions

  • Erode M D Chit Funds Private Limited was incorporated on 13 May 2015.

  • The authorized share capital of Erode M D Chit Funds Private Limited is ₹ 2.00 M and paid-up capital is ₹ 2.00 M.

  • Currently 2 directors are associated with Erode M D Chit Funds Private Limited.

    • Muthusamy Duraisamy Easwaran
    • Easwaran Chandra
  • As per Ministry of Corporate Affairs (Mca), the registered address of Erode M D Chit Funds Private Limited is 33/16B Chinnamuthu Iind Street Natesar Mill Compound, Perundurai Road India, Erode, Tamil Nadu, 638011.

  • The corporate identification number (CIN) of Erode M D Chit Funds Private Limited is U65992TZ2015PTC021376 and the company number is 021376 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2019, the revenue trend for Erode M D Chit Funds Private Limited has risen by 196.49%.

  • As per the financial statements for fiscal Year 2019, The total open charges for Erode M D Chit Funds Private Limited amount to ₹ 2.50 M.

  • The most recent Balance Sheet for Erode M D Chit Funds Private Limited was filed with the ROC on 31 Mar 2022.