Laxman Chitfund Private Limited

Provides chit fund services and acts as promoters, organizers, managers, and auctioneers for conventional chits.

1994 | Hyderabad, Telangana (India) | Active
Last Updated: December 08, 2024

Laxman Chitfund Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 30 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.80 M
  • Revenue Growth -8.05%
  • Profit Growth -0.90%
  • Ebitda 318.00%
  • Net Worth 8.67%
  • Total Assets -14.16%

About Laxman Chitfund

Laxman Chitfund Private Limited (LCPL) is a Private Limited Indian Non-Government Company incorporated in India on 26 July 1994 and has a history of 30 years and six months. Its registered office is in Hyderabad, Telangana, India.

The Corporate was formerly known as Laxman Chit Fund And Finance Pvt Ltd,. 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 0.50 M and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹3.80 M.

Davuluri Lakshman, Kantha Davuluri, and Appa Mundra serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992TG1994PTC017996

  • Company No.

    017996

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    26 Jul 1994

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Financial Services

Who are the key members and board of directors at Laxman Chitfund?

Executive Team (1)

Name Designation Appointment Date Status
Kantha Davuluri Country flag representing In Managing Director 20-Sep-2006 Current

Board Members (2)

Name Designation Appointment Date Status
Davuluri Lakshman Country flag representing In Director 07-Jun-2006 Current
Appa Mundra Country flag representing In Director 01-Jun-2001 Current

Financial Performance of Laxman Chitfund.

Laxman Chitfund Private Limited, for the financial year ended 2020, experienced Minor drop in revenue, with a 8.05% decrease. The company also saw a slight decrease in profitability, with a 0.9% decrease in profit. The company's net worth moved up by a moderate rise of 8.67%.

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
-8.05%
Revenue from Operations
-6.38%
Total Assets
-14.16%
Profit or Loss
-0.90%
Net Worth
8.67%
EBITDA
318.00%

What is the Ownership and Shareholding Structure of Laxman Chitfund?

In 2019, Laxman Chitfund had a promoter holding of 70.00% and a public holding of 30.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3.80 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Karnataka Bank Ltd. : 0.38 Cr

Latest Charge Details

Date Lender Amount Status
11 Sep 2023 Karnataka Bank Ltd. ₹3.80 M Open

How Many Employees Work at Laxman Chitfund?

Unlock and access historical data on people associated with Laxman Chitfund, 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 Laxman Chitfund, 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 Laxman Chitfund'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 Laxman Chitfund

Recent activity within the organization

  • Annual General Meeting

    Laxman Chitfund Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Laxman Chitfund Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.

    31 Mar 2024

  • Charges

    A charge with Karnataka Bank Ltd. amounted to Rs. 3.80 M with Charge ID 100784032 was registered on 11 Sep 2023.

    11 Sep 2023

  • Director Appointment

    Kantha Mani Davuluri was appointed as a Managing Director was appointed as a Managing Director on 20 Sep 2006 & has been associated with this company since 18 years 4 months .

    20 Sep 2006

  • Director Appointment

    Davuluri Lakshman was appointed as a Director was appointed as a Director on 07 Jun 2006 & has been associated with this company since 18 years 7 months .

    07 Jun 2006

  • Director Appointment

    Appa Rao Mundra was appointed as a Director was appointed as a Director on 01 Jun 2001 & has been associated with this company since 23 years 8 months .

    01 Jun 2001

Frequently asked questions

  • Laxman Chitfund Private Limited was incorporated on 26 Jul 1994.

  • The authorized share capital of Laxman Chitfund Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.10 M.

  • Currently 3 directors are associated with Laxman Chitfund Private Limited.

    • Davuluri Lakshman
    • Kantha Mani Davuluri
    • Appa Rao Mundra
  • As per Ministry of Corporate Affairs (Mca), the registered address of Laxman Chitfund Private Limited is Flat No.311 Bhanu Enclave7-1-638 To 643/1, Sundernagar Colony India, Hyderabad, Telangana, 500038.

  • The corporate identification number (CIN) of Laxman Chitfund Private Limited is U65992TG1994PTC017996 and the company number is 017996 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2020, the revenue trend for Laxman Chitfund Private Limited has fallen by -8.05%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Laxman Chitfund Private Limited has experienced an upsurge of 8.67%.

  • As per the financial statements for fiscal Year 2020, The total open charges for Laxman Chitfund Private Limited amount to ₹ 3.80 M.

  • The most recent Balance Sheet for Laxman Chitfund Private Limited was filed with the ROC on 31 Mar 2024.