Kurnool Chit Funds Pvt Ltd
Provides financial services and operates chit fund business, established in 1979.
1979 | Kurnool, Andhra Pradesh (India) | Active
Kurnool Chit Funds Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 2.48 M
- Company Age 45 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3.62 Cr
- Satisfied Charges ₹ 6.72 Cr
- Revenue Growth 7.69%
- Profit Growth 28.08%
- Ebitda 149.35%
- Net Worth 3.91%
- Total Assets -3.41%
About Kurnool Chit Funds
Kurnool Chit Funds Pvt Ltd (KCFPL) is a Private Limited Indian Non-Government Company incorporated in India on 16 July 1979 and has a history of 45 years and nine months. Its registered office is in Kurnool, Andhra Pradesh, 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 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.
Company Details
- Location
Kurnool, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Financial Services
Kurnool Chit Funds Pvt Ltd
Explore comprehensive data for Kurnool Chit Funds Pvt Ltd, including financials, compliance details, shareholding patterns, and litigation history.
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
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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)
Charges (Loans)
Open Charges
₹36.15 M
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Kurnool Chit Funds
Recent activity within the organization
- Annual General Meeting
Kurnool Chit Funds Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Kurnool Chit Funds Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
- Charges
A charge with State Bank Of India amounted to Rs. 35.00 M with Charge ID 100863718 was registered on 17 Jan 2024.
- Charges
A charge registered on 18 Mar 2022 via Charge ID 100573124 with Others was fully satisfied on 27 Dec 2023.
- Charges
A charge registered on 22 Jun 2012 via Charge ID 10367741 with Indusind Bank Limited was fully satisfied on 27 Dec 2023.
- Charges
A charge with Others of Rs. 47.19 M registered on 18 Mar 2022 with Charge ID 100573124 was modified on 30 Sep 2023.
Frequently asked questions
What is the Incorporation or founding date of Kurnool Chit Funds Pvt Ltd?
Kurnool Chit Funds Pvt Ltd was incorporated on 16 Jul 1979.
What is authorized share capital and paid-up capital of Kurnool Chit Funds Pvt Ltd?
The authorized share capital of Kurnool Chit Funds Pvt Ltd is ₹ 2.50 M and paid-up capital is ₹ 2.48 M.
Who are the current board members & directors of Kurnool Chit Funds Pvt Ltd?
Currently 6 directors are associated with Kurnool Chit Funds Pvt Ltd.
- Somisetty Venkataramaiah
- Suresh Babu Somisetty
- Venkata Somisetty Prasad
- Somisetty Sasikala
- Somisetty Bhargavi Prasad
- Somisetty Deepa
What is the registered address of Kurnool Chit Funds Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Kurnool Chit Funds Pvt Ltd is No 10C 2 Nd Floor, T.J.Shopping Mall Opp: Sbi Main Branch India, Kurnool, Andhra Pradesh, 518004.
What is the corporate identification number (CIN) and company number of Kurnool Chit Funds Pvt Ltd?
The corporate identification number (CIN) of Kurnool Chit Funds Pvt Ltd is U65992AP1979PTC002488 and the company number is 002488 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Kurnool Chit Funds Pvt Ltd?
According to the financial reports for the fiscal year 2022, the revenue trend for Kurnool Chit Funds Pvt Ltd has risen by 7.69%.
How many employees does Kurnool Chit Funds Pvt Ltd currently have?
As Per 2022 financial reports, 4 employees are currently employed by Kurnool Chit Funds Pvt Ltd.
What change has been observed in the net worth of Kurnool Chit Funds Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Kurnool Chit Funds Pvt Ltd has experienced an upsurge of 3.91%.
What are the total open charges for Kurnool Chit Funds Pvt Ltd?
As per the financial statements for fiscal Year 2022, The total open charges for Kurnool Chit Funds Pvt Ltd amount to ₹ 3.62 Cr.
When was the last Balance Sheet of Kurnool Chit Funds Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Kurnool Chit Funds Pvt Ltd was filed with the ROC on 31 Mar 2024.
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