Sharewealth Chits Limited

Offers chit or kuri services with 200 branches in India and memberships in stock and commodity exchanges.

2007 | Thrissur, Kerala (India) | Active
Last Updated: January 03, 2025

Sharewealth Chits Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 6.88 M
  • Company Age 17 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 23.40%
  • Profit Growth -91.57%
  • Ebitda 4.54%
  • Net Worth 0.22%
  • Total Assets 0.86%

About Sharewealth Chits

Sharewealth Chits Limited (SCL) is a Public Limited Indian Non-Government Company incorporated in India on 24 July 2007 and has a history of 17 years and seven months. Its registered office is in Thrissur, Kerala, India.

The Corporate was formerly known as Sharewealth Chits Private 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 1.00 Cr and a paid-up capital of Rs 6.88 M, as per Ministry of Corporate Affairs (MCA) records.

Vazhappilly George, Joseph Antony, and Chanayil Gopalan serve as directors at the Company.

Company Details

  • Location

    Thrissur, Kerala, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    sharewealthchits.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992KL2007PLC021069

  • Company No.

    021069

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Jul 2007

  • Date of AGM

    26 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ernakulam

Industry

Financial Services

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

Executive Team (1)

NameDesignationAppointment DateStatus
Vazhappilly George Country flag representing In Managing Director14-Apr-2011Current

Board Members (2)

NameDesignationAppointment DateStatus
Joseph Antony Country flag representing In Whole-Time Director 14-Apr-2011Current
Chanayil Gopalan Country flag representing In Director 14-Apr-2011Current

Financial Performance of Sharewealth Chits.

Sharewealth Chits Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 23.4% increase. The company also saw a substantial fall in profitability, with a 91.57% decrease in profit. The company's net worth moved up by a moderate rise of 0.22%.

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
23.40%
Revenue from Operations
25.68%
Total Assets
0.86%
Profit or Loss
-91.57%
Net Worth
0.22%
EBITDA
4.54%

What is the Ownership and Shareholding Structure of Sharewealth Chits?

In 2018, Sharewealth Chits had a promoter holding of 4.36% and a public holding of 95.64%. 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 Sharewealth Chits?

Sharewealth Chits has a workforce of 6 employees as of Mar 31, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sharewealth 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 Sharewealth 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 Sharewealth Chits

Recent activity within the organization

  • Annual General Meeting

    Sharewealth Chits Limited last Annual general meeting of members was held on 26 Sep 2023 as per latest MCA records.

    26 Sep 2023

  • Balance Sheet

    Sharewealth Chits Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ernakulam.

    31 Mar 2023

  • Director Appointment

    Vazhappilly Thomas George was appointed as a Managing Director was appointed as a Managing Director on 14 Apr 2011 & has been associated with this company since 13 years 10 months .

    14 Apr 2011

  • Director Appointment

    Joseph Pulikkan Antony was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 14 Apr 2011 & has been associated with this company since 13 years 10 months .

    14 Apr 2011

  • Director Appointment

    Chanayil Surendran Gopalan was appointed as a Director was appointed as a Director on 14 Apr 2011 & has been associated with this company since 13 years 10 months .

    14 Apr 2011

  • Company Incorporation

    Sharewealth Chits Limited was registered on 24 Jul 2007 with Roc Ernakulam & aged 17 years 7 months as per MCA records.

    24 Jul 2007

Frequently asked questions

  • Sharewealth Chits Limited was incorporated on 24 Jul 2007.

  • The authorized share capital of Sharewealth Chits Limited is ₹ 1.00 Cr and paid-up capital is ₹ 6.88 M.

  • Currently 3 directors are associated with Sharewealth Chits Limited.

    • Vazhappilly Thomas George
    • Joseph Pulikkan Antony
    • Chanayil Surendran Gopalan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sharewealth Chits Limited is Door No : 28 / 774-5 Third Floor Sivasakthi Building Opp: Nehru Park, Ro Und North India, Thrissur, Kerala, 680001.

  • The corporate identification number (CIN) of Sharewealth Chits Limited is U65992KL2007PLC021069 and the company number is 021069 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sharewealth Chits Limited is https://www.sharewealthchits.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Sharewealth Chits Limited has risen by 23.40%.

  • As Per 2022 financial reports, 6 employees are currently employed by Sharewealth Chits Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Sharewealth Chits Limited has experienced an upsurge of 0.22%.

  • The most recent Balance Sheet for Sharewealth Chits Limited was filed with the ROC on 31 Mar 2023.

Similar Companies Based on Microfinance Institutions