Magudam Chits Private Limited

Founded in 2017 and headquartered in Tamil Nadu, India.

2017 | Chennai, Tamil Nadu (India) | Active
Last Updated: January 10, 2025

Magudam Chits Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 7 Year, 3 Months
  • Last Filing with ROC 31 Mar 2020
  • Revenue Growth -71.30%
  • Profit Growth -624.03%
  • Ebitda -283.49%
  • Net Worth -373.23%
  • Total Assets -10.43%

About Magudam Chits

Magudam Chits Private Limited (MCPL) is a Private Limited Indian Non-Government Company incorporated in India on 13 November 2017 (Seven years and three months 1 days old ). Its registered office is in Chennai, 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 2020. It's a company limited by shares with an authorized capital of Rs 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Ragu Anitha and Kadavaran Ragu serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65999TN2017PTC119480

  • Company No.

    119480

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    13 Nov 2017

  • Date of AGM

    31 Dec 2020

  • Date of Balance Sheet

    31 Mar 2020

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Magudam Chits?

Executive Team (1)

Name Designation Appointment Date Status
Kadavaran Ragu Country flag representing In Managing Director 13-Nov-2017 Current

Board Members (1)

Name Designation Appointment Date Status
Ragu Anitha Country flag representing In Director 13-Nov-2017 Current

Financial Performance of Magudam Chits.

Magudam Chits Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 71.3% decrease. The company also saw a substantial fall in profitability, with a 624.03% decrease in profit. The company's net worth observed a substantial decline by a decrease of 373.23%.

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
-71.30%
Revenue from Operations
-71.30%
Total Assets
-10.43%
Profit or Loss
-624.03%
Net Worth
-373.23%
EBITDA
-283.49%

What is the Ownership and Shareholding Structure of Magudam Chits?

Unlock access to Magudam Chits's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

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 Magudam Chits?

Unlock and access historical data on people associated with Magudam Chits, 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 Magudam Chits, 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 Magudam Chits'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 Magudam Chits

Recent activity within the organization

  • Annual General Meeting

    Magudam Chits Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.

    31 Dec 2020

  • Balance Sheet

    Magudam Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Chennai.

    31 Mar 2020

  • Director Appointment

    Ragu Anitha was appointed as a Director was appointed as a Director on 13 Nov 2017 & has been associated with this company since 7 years 3 months .

    13 Nov 2017

  • Director Appointment

    Kadavaran Ragu was appointed as a Managing Director was appointed as a Managing Director on 13 Nov 2017 & has been associated with this company since 7 years 3 months .

    13 Nov 2017

  • Company Incorporation

    Magudam Chits Private Limited was registered on 13 Nov 2017 with Roc Chennai & aged 7 years 3 months as per MCA records.

    13 Nov 2017

Frequently asked questions

  • Magudam Chits Private Limited was incorporated on 13 Nov 2017.

  • The authorized share capital of Magudam Chits Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Magudam Chits Private Limited.

    • Ragu Anitha
    • Kadavaran Ragu
  • As per Ministry of Corporate Affairs (Mca), the registered address of Magudam Chits Private Limited is No.20/11 Balaji Nagar 4Th Street, 1St Floor India, Royapettah, Tamil Nadu, 600014.

  • The corporate identification number (CIN) of Magudam Chits Private Limited is U65999TN2017PTC119480 and the company number is 119480 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2020, the revenue trend for Magudam Chits Private Limited has fallen by -71.30%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Magudam Chits Private Limited has experienced an downturn of -373.23%.

  • The most recent Balance Sheet for Magudam Chits Private Limited was filed with the ROC on 31 Mar 2020.