Madipakkam Chit Funds Private Limited

Provides chit services for financial transactions.

2017 | Kanchipuram, Tamil Nadu (India) | Active
Last Updated: December 12, 2024

Madipakkam Chit Funds Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 1.00 M
  • Company Age 7 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 42.07%
  • Profit Growth 33.81%
  • Ebitda -17.58%
  • Net Worth 42.03%
  • Total Assets 33.60%

About Madipakkam Chit Funds

Madipakkam Chit Funds Private Limited (MCFPL) is a Private Limited Indian Non-Government Company incorporated in India on 16 May 2017 (Seven years and eight months 25 days old ). Its registered office is in Kanchipuram, 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 2023. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 1.00 M, as per Ministry of Corporate Affairs (MCA) records.

Duraisamy Ramachandran, Ramachandran Aatheswaran, and Rishikesh serve as directors at the Company.

Company Details

  • Location

    Kanchipuram, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992TN2017PTC116523

  • Company No.

    116523

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    16 May 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Madipakkam Chit Funds?

Executive Team (1)

Name Designation Appointment Date Status
Duraisamy Ramachandran Country flag representing In Managing Director 16-May-2017 Current

Board Members (2)

Name Designation Appointment Date Status
Ramachandran Aatheswaran Country flag representing In Director 16-May-2017 Current
Rishikesh Country flag representing In Director 16-May-2017 Current

Financial Performance of Madipakkam Chit Funds.

Madipakkam Chit Funds Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 42.07% increase. The company also saw a substantial improvement in profitability, with a 33.81% increase in profit. The company's net worth Soared by an impressive increase of 42.03%.

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
42.07%
Revenue from Operations
34.23%
Total Assets
33.60%
Profit or Loss
33.81%
Net Worth
42.03%
EBITDA
-17.58%

What is the Ownership and Shareholding Structure of Madipakkam Chit Funds?

In 2020, Madipakkam 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Madipakkam Chit Funds?

Unlock and access historical data on people associated with Madipakkam 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 Madipakkam 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 Madipakkam 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 Madipakkam Chit Funds

Recent activity within the organization

  • Annual General Meeting

    Madipakkam Chit Funds Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Madipakkam Chit Funds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Director Appointment

    Duraisamy Ramachandran was appointed as a Managing Director was appointed as a Managing Director on 16 May 2017 & has been associated with this company since 7 years 8 months .

    16 May 2017

  • Director Appointment

    Ramachandran Aatheswaran was appointed as a Director was appointed as a Director on 16 May 2017 & has been associated with this company since 7 years 8 months .

    16 May 2017

  • Director Appointment

    Rishikesh was appointed as a Director was appointed as a Director on 16 May 2017 & has been associated with this company since 7 years 8 months .

    16 May 2017

  • Company Incorporation

    Madipakkam Chit Funds Private Limited was registered on 16 May 2017 with Roc Chennai & aged 7 years 8 months as per MCA records.

    16 May 2017

Frequently asked questions

  • Madipakkam Chit Funds Private Limited was incorporated on 16 May 2017.

  • The authorized share capital of Madipakkam Chit Funds Private Limited is ₹ 1.00 M and paid-up capital is ₹ 1.00 M.

  • Currently 3 directors are associated with Madipakkam Chit Funds Private Limited.

    • Duraisamy Ramachandran
    • Ramachandran Aatheswaran
    • Rishikesh
  • As per Ministry of Corporate Affairs (Mca), the registered address of Madipakkam Chit Funds Private Limited is No.3/192 Medavakkam Main Road Moovarasanpet, Madipakkam India, Chennai, Tamil Nadu, 600091.

  • The corporate identification number (CIN) of Madipakkam Chit Funds Private Limited is U65992TN2017PTC116523 and the company number is 116523 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2020, the revenue trend for Madipakkam Chit Funds Private Limited has risen by 42.07%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Madipakkam Chit Funds Private Limited has experienced an upsurge of 42.03%.

  • The most recent Balance Sheet for Madipakkam Chit Funds Private Limited was filed with the ROC on 31 Mar 2023.