Kurnool Chit Funds Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
as on 19-12-2024
- Paid Up Capital ₹ 2.48 M
as on 19-12-2024
- Company Age 45 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3.62 Cr
as on 19-12-2024
- Satisfied Charges ₹ 6.72 Cr
as on 19-12-2024
- Revenue 7.69%
(FY 2022)
- Profit 28.08%
(FY 2022)
- Ebitda 149.35%
(FY 2022)
- Net Worth 3.91%
(FY 2022)
- Total Assets -3.41%
(FY 2022)
About Kurnool Chit Funds
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 2.48 M.
The company currently has active open charges totaling ₹3.62 Cr. The company has closed loans amounting to ₹6.72 Cr, as per Ministry of Corporate Affairs (MCA) records.
Somisetty Venkataramaiah, Suresh Somisetty, Venkata Prasad, and Three other members serve as directors at the Company.
- CIN/LLPIN
U65992AP1979PTC002488
- Company No.
002488
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
16 Jul 1979
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Company Details
- Location
Kurnool, Andhra Pradesh, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Kurnool Chit Funds?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Somisetty Venkataramaiah  | Managing Director | 16-Jul-1979 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Suresh Somisetty | Director | 12-Jul-2009 | Current |
| Venkata Prasad | Director | 12-Jul-2009 | Current |
| Somisetty Sasikala | Director | 12-Jul-2009 | Current |
| Somisetty Prasad | Director | 10-Jul-2011 | Current |
| Somisetty Deepa | Director | 10-Jul-2011 | Current |
Financial Performance of Kurnool Chit Funds.
Kurnool Chit Funds Pvt Ltd, for the financial year ended 2022, experienced modest growth in revenue, with a 7.69% increase. The company also saw a substantial improvement in profitability, with a 28.08% increase in profit. The company's net worth moved up by a moderate rise of 3.91%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Kurnool Chit Funds?
In 2021, Kurnool Chit Funds had a public holding of 3.93%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Kurnool Builders And Housing Finance Pvt.Ltd.Active 34 years 2 monthsSomisetty Venkataramaiah, Venkata Prasad and 1 more are mutual person
Charges (Loans)
₹36.15 M
₹67.19 M
Charges Breakdown by Lending Institutions
- State Bank Of India : 3.50 Cr
- Others : 0.12 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jan 2024 | State Bank Of India | ₹3.50 Cr | Open |
| 21 Feb 2022 | Others | ₹1.15 M | Open |
| 18 Mar 2022 | Others | ₹4.72 Cr | Satisfied |
| 22 Jun 2012 | Indusind Bank Limited | ₹2.00 Cr | Satisfied |
How Many Employees Work at Kurnool Chit Funds?
Kurnool Chit Funds has a workforce of 4 employees as of Mar 28, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Kurnool 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 Kurnool Chit Funds's trajectory.
Rating
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
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.
