Margadarsi Chit Fund Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 2.00 Cr
- Company Age 62 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 624.00 Cr
- Revenue Growth 5.05%
- Profit Growth -3.65%
- Ebitda -20.41%
- Net Worth 13.29%
- Total Assets 8.06%
About Margadarsi Chit Fund
Margadarsi Chit Fund Private Limited (MCFPL) was founded in India on 31 August 1962 and has a glorious history of 62 years and six months. Its registered office is in Hyderabad, Telangana, India.
The Corporate was formerly known as Margadarsi Chit Fund Limited. 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 5.00 Cr and a paid-up capital of Rs 2.00 Cr.
The company has closed loans amounting to ₹624.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Venkata Surabathini and Sailaja Cherukuri 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
U65992TG1962PTC000927
- Company No.
000927
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 Aug 1962
- Date of AGM
29 Nov 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Financial Services
Who are the key members and board of directors at Margadarsi Chit Fund?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sailaja Cherukuri  | Managing Director | 29-Apr-1995 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Venkata Surabathini | Whole-Time Director | 03-Nov-2022 | Current |
Financial Performance of Margadarsi Chit Fund.
Margadarsi Chit Fund Private Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 5.05% increase. The company also saw a slight decrease in profitability, with a 3.65% decrease in profit. The company's net worth Soared by an impressive increase of 13.29%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Margadarsi Chit Fund?
In 2022, Margadarsi Chit Fund had a promoter holding of 100.00%. The company had 3 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Margadarsi Marketing Pvt LtdSailaja Cherukuri is a mutual person
Margadarsi Financial Services Private LimitedSailaja Cherukuri is a mutual person
Dolphin Hotels Private LimitedSailaja Cherukuri is a mutual person
- Margadarsi Chits Private Limited
Sailaja Cherukuri is a mutual person
- Margadarsi Chits (Karnataka) Private Limited
Sailaja Cherukuri is a mutual person
Ushakiron Movies Private LimitedSailaja Cherukuri is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹624.00 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 600.00 Cr
- Union Bank Of India : 24.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Sep 2008 | Axis Bank Limited | ₹500.00 Cr | Satisfied |
| 19 Apr 2007 | Axis Bank Limited | ₹100.00 Cr | Satisfied |
| 29 Sep 2004 | Union Bank Of India | ₹24.00 Cr | Satisfied |
How Many Employees Work at Margadarsi Chit Fund?
Margadarsi Chit Fund has a workforce of 2635 employees as of Apr 06, 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 Margadarsi Chit Fund, 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 Margadarsi Chit Fund'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 Margadarsi Chit Fund
Recent activity within the organization
- Annual General Meeting
Margadarsi Chit Fund Private Limited last Annual general meeting of members was held on 29 Nov 2023 as per latest MCA records.
- Balance Sheet
Margadarsi Chit Fund Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.
- Director Appointment
Venkata Swamy Surabathini was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 03 Nov 2022 & has been associated with this company since 2 years 4 months .
- Charges
A charge registered on 17 Sep 2008 via Charge ID 10124571 with Axis Bank Limited was fully satisfied on 03 May 2012.
- Charges
A charge registered on 19 Apr 2007 via Charge ID 10047487 with Axis Bank Limited was fully satisfied on 20 Mar 2009.
- Charges
A charge with Axis Bank Limited of Rs. 500.00 Cr registered on 17 Sep 2008 with Charge ID 10124571 was modified on 19 Feb 2009.
Recent News, Updates & Announcement
- Margadarsi Chits to double revenues in 7 years.
India Business News: Margadarsi Chits, part of the Ramoji Group of Companies, has said its revenues will double to Rs 20,000 crore in the next seven years as it starts dig.
Frequently asked questions
What is the Incorporation or founding date of Margadarsi Chit Fund Private Limited?
Margadarsi Chit Fund Private Limited was incorporated on 31 Aug 1962.
What is authorized share capital and paid-up capital of Margadarsi Chit Fund Private Limited?
The authorized share capital of Margadarsi Chit Fund Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 2.00 Cr.
Who are the current board members & directors of Margadarsi Chit Fund Private Limited?
Currently 2 directors are associated with Margadarsi Chit Fund Private Limited.
- Venkata Swamy Surabathini
- Sailaja Cherukuri
What is the registered address of Margadarsi Chit Fund Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Margadarsi Chit Fund Private Limited is 5-10-195 Opp.Police Controlroom Fateh Maidan Road, - 500 004. India, Hyderabad, Telangana, 500004.
What is the corporate identification number (CIN) and company number of Margadarsi Chit Fund Private Limited?
The corporate identification number (CIN) of Margadarsi Chit Fund Private Limited is U65992TG1962PTC000927 and the company number is 000927 as per Ministry of Corporate Affairs (MCA).
What is the official website of Margadarsi Chit Fund Private Limited?
The Official website of Margadarsi Chit Fund Private Limited is https://www.margadarsi.com
What has been the recent revenue trend for Margadarsi Chit Fund Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Margadarsi Chit Fund Private Limited has risen by 5.05%.
How many employees does Margadarsi Chit Fund Private Limited currently have?
As Per 2022 financial reports, 2635 employees are currently employed by Margadarsi Chit Fund Private Limited.
What change has been observed in the net worth of Margadarsi Chit Fund Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Margadarsi Chit Fund Private Limited has experienced an upsurge of 13.29%.
When was the last Balance Sheet of Margadarsi Chit Fund Private Limited filed with the ROC?
The most recent Balance Sheet for Margadarsi Chit Fund Private Limited was filed with the ROC on 31 Mar 2023.
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