Ramesh Chit Funds Private Limited

Provides financial services, specializing in chit funding, since 1983 in Tamil Nadu.

1983 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Ramesh Chit Funds Profile

Key Indicators

  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 1.50 M
  • Company Age 42 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 5.72 Cr
  • Revenue Growth 115.57%
  • Profit Growth 119.88%
  • Ebitda 167.42%
  • Net Worth 2.84%
  • Total Assets 25.15%

About Ramesh Chit Funds

Ramesh Chit Funds Private Limited (RCFPL) is a Private Limited Indian Non-Government Company incorporated in India on 23 February 1983 and has a history of 42 years and one month. Its registered office is in Coimbatore, 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 1.50 M and a paid-up capital of Rs 1.50 M.

The company currently has active open charges totaling ₹5.72 Cr.

Ramaswamy Ramesh and Ramasamy Pachiappan serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65992TZ1983PTC001255

  • Company No.

    001255

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    23 Feb 1983

  • Date of AGM

    31 Dec 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Financial Services
Company report

Ramesh Chit Funds Private Limited

Explore comprehensive data for Ramesh Chit Funds Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (1)

NameDesignationAppointment DateStatus
Ramaswamy Ramesh Country flag representing In Managing Director19-May-1997Current

Board Members (1)

NameDesignationAppointment DateStatus
Ramasamy Pachiappan Country flag representing In Additional Director 05-Oct-2017Current

Financial Performance of Ramesh Chit Funds.

Ramesh Chit Funds Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 115.57% increase. The company also saw a substantial improvement in profitability, with a 119.88% increase in profit. The company's net worth moved up by a moderate rise of 2.84%.

Ramesh Chit Funds revenue growth over time
Ramesh Chit Funds 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
115.57%
Revenue from Operations
116.27%
Total Assets
25.15%
Profit or Loss
119.88%
Net Worth
2.84%
EBITDA
167.42%

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

Unlock access to Ramesh Chit Funds'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)

Open Charges

₹57.23 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • City Union Bank Limited : 5.40 Cr
  • Others : 0.22 Cr
  • City Union Bank : 0.10 Cr
  • The Karur Vysya Bank Ltd. : 0.00 Cr

Latest Charge Details

DateLenderAmountStatus
21 Dec 2022City Union Bank Limited₹1.00 CrOpen
25 Aug 2022Others₹2.20 MOpen
26 Feb 2021City Union Bank Limited₹4.00 MOpen
12 Dec 2018City Union Bank Limited₹2.00 CrOpen
28 May 2012City Union Bank Limited₹2.00 CrOpen

How Many Employees Work at Ramesh Chit Funds?

Ramesh Chit Funds has a workforce of 11 employees as of Mar 22, 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.

Employee growth trends for Ramesh Chit Funds Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Ramesh 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 Ramesh 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 Ramesh Chit Funds

Recent activity within the organization

  • Annual General Meeting

    Ramesh Chit Funds Private Limited last Annual general meeting of members was held on 31 Dec 2023 as per latest MCA records.

  • Balance Sheet

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

  • Charges

    A charge with City Union Bank Limited amounted to Rs. 10.00 M with Charge ID 100702302 was registered on 21 Dec 2022.

  • Charges

    A charge with City Union Bank Limited of Rs. 20.00 M registered on 12 Dec 2018 with Charge ID 100239203 was modified on 21 Dec 2022.

  • Charges

    A charge with Others amounted to Rs. 2.20 M with Charge ID 100647964 was registered on 25 Aug 2022.

  • Charges

    A charge with City Union Bank Limited of Rs. 20.00 M registered on 28 May 2012 with Charge ID 10361223 was modified on 25 Mar 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Ramesh Chit Funds Private Limited?

    Ramesh Chit Funds Private Limited was incorporated on 23 Feb 1983.

  • What is authorized share capital and paid-up capital of Ramesh Chit Funds Private Limited?

    The authorized share capital of Ramesh Chit Funds Private Limited is ₹ 1.50 M and paid-up capital is ₹ 1.50 M.

  • Who are the current board members & directors of Ramesh Chit Funds Private Limited?

    Currently 2 directors are associated with Ramesh Chit Funds Private Limited.

    • Ramaswamy Pachiappan Ramesh
    • Ramasamy Pachiappan
  • What is the registered address of Ramesh Chit Funds Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Ramesh Chit Funds Private Limited is R P Towers, 1St Floor No 88 Coimbatore Road India, Pollachi, Tamil Nadu, 642002.

  • What is the corporate identification number (CIN) and company number of Ramesh Chit Funds Private Limited?

    The corporate identification number (CIN) of Ramesh Chit Funds Private Limited is U65992TZ1983PTC001255 and the company number is 001255 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Ramesh Chit Funds Private Limited?

    The Official website of Ramesh Chit Funds Private Limited is https://www.rpchits.com

  • What has been the recent revenue trend for Ramesh Chit Funds Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Ramesh Chit Funds Private Limited has risen by 115.57%.

  • How many employees does Ramesh Chit Funds Private Limited currently have?

    As Per 2022 financial reports, 11 employees are currently employed by Ramesh Chit Funds Private Limited.

  • What change has been observed in the net worth of Ramesh Chit Funds Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Ramesh Chit Funds Private Limited has experienced an upsurge of 2.84%.

  • What are the total open charges for Ramesh Chit Funds Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Ramesh Chit Funds Private Limited amount to ₹ 5.72 Cr.

  • When was the last Balance Sheet of Ramesh Chit Funds Private Limited filed with the ROC?

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

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