Sigaram Chits Private Limited

Provides chit fund services for savings and financial assistance, established in 1999 in Chennai.

1999 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 22, 2024

Sigaram Chits Profile

Key Indicators

  • Authorised Capital ₹ 2.70 M
  • Paid Up Capital ₹ 2.70 M
  • Company Age 25 Year, 10 Months
  • Last Filing with ROC 31 Mar 2019
  • Satisfied Charges ₹ 1.90 Cr
  • Revenue Growth -24.85%
  • Profit Growth -246.32%
  • Ebitda -83.61%
  • Net Worth -14.95%
  • Total Assets -6.73%

About Sigaram Chits

Sigaram Chits Private Limited (SCPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 April 1999 and has a history of 25 years and ten months. 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 2019. It's a company limited by shares with an authorized capital of Rs 2.70 M and a paid-up capital of Rs 2.70 M.

The company has closed loans amounting to ₹1.90 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Sappani Raavi and Guna Jothi 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

    U65991TN1999PTC042207

  • Company No.

    042207

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    05 Apr 1999

  • Date of AGM

    28 Sep 2019

  • Date of Balance Sheet

    31 Mar 2019

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

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

Executive Team (1)

NameDesignationAppointment DateStatus
Sappani Raavi Country flag representing In Managing Director05-Apr-1999Current

Board Members (1)

NameDesignationAppointment DateStatus
Guna Jothi Country flag representing In Director 29-May-2015Current

Financial Performance of Sigaram Chits.

Sigaram Chits Private Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 24.85% decrease. The company also saw a substantial fall in profitability, with a 246.32% decrease in profit. The company's net worth observed a substantial decline by a decrease of 14.95%.

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
-24.85%
Revenue from Operations
-23.03%
Total Assets
-6.73%
Profit or Loss
-246.32%
Net Worth
-14.95%
EBITDA
-83.61%

What is the Ownership and Shareholding Structure of Sigaram Chits?

In 2019, Sigaram Chits had a promoter holding of 94.44% and a public holding of 5.56%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹19.00 M

Charges Breakdown by Lending Institutions

  • Lakshmi Vilas Bank Limited : 0.75 Cr
  • The Lakshmi Vilas Bank Ltd : 0.55 Cr
  • The Lakshmi Vilas Bank Limited : 0.40 Cr
  • The Lakshmi Vilas Bank Ltd. : 0.20 Cr

Latest Charge Details

DateLenderAmountStatus
14 Jun 2016Lakshmi Vilas Bank Limited₹7.50 MSatisfied
21 Jan 2016The Lakshmi Vilas Bank Limited₹2.50 MSatisfied
19 Jan 2008The Lakshmi Vilas Bank Ltd₹2.00 MSatisfied
10 Oct 2007The Lakshmi Vilas Bank Ltd₹0.50 MSatisfied
09 May 2007The Lakshmi Vilas Bank Ltd₹3.00 MSatisfied

How Many Employees Work at Sigaram Chits?

Unlock and access historical data on people associated with Sigaram 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 Sigaram 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 Sigaram 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 Sigaram Chits

Recent activity within the organization

  • Annual General Meeting

    Sigaram Chits Private Limited last Annual general meeting of members was held on 28 Sep 2019 as per latest MCA records.

    28 Sep 2019

  • Balance Sheet

    Sigaram Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Chennai.

    31 Mar 2019

  • Charges

    A charge registered on 14 Jun 2016 via Charge ID 100038480 with Lakshmi Vilas Bank Limited was fully satisfied on 23 Sep 2016.

    23 Sep 2016

  • Charges

    A charge registered on 21 Jan 2016 via Charge ID 10619412 with The Lakshmi Vilas Bank Limited was fully satisfied on 23 Sep 2016.

    23 Sep 2016

  • Charges

    A charge registered on 19 Jan 2008 via Charge ID 10085117 with The Lakshmi Vilas Bank Ltd was fully satisfied on 23 Sep 2016.

    23 Sep 2016

  • Charges

    A charge registered on 10 Oct 2007 via Charge ID 10073137 with The Lakshmi Vilas Bank Ltd was fully satisfied on 23 Sep 2016.

    23 Sep 2016

Frequently asked questions

  • Sigaram Chits Private Limited was incorporated on 05 Apr 1999.

  • The authorized share capital of Sigaram Chits Private Limited is ₹ 2.70 M and paid-up capital is ₹ 2.70 M.

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

    • Sappani Pillai Raavi
    • Guna Jothi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sigaram Chits Private Limited is 16/33 S5 3Rd Floor Savarimuthu Street Mannady, India, Chennai, Tamil Nadu, 600001.

  • The corporate identification number (CIN) of Sigaram Chits Private Limited is U65991TN1999PTC042207 and the company number is 042207 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2019, the revenue trend for Sigaram Chits Private Limited has fallen by -24.85%.

  • The financial reports for the fiscal year 2019 indicates that The net worth of Sigaram Chits Private Limited has experienced an downturn of -14.95%.

  • The most recent Balance Sheet for Sigaram Chits Private Limited was filed with the ROC on 31 Mar 2019.

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