Sterling Chits Private Limited

Provides chit fund services, pays chit amount to subscribers, advances money to customers.

1985 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Sterling Chits Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.30 M
  • Company Age 39 Year, 11 Months
  • Last Filing with ROC 31 Mar 2017
  • Open Charges ₹ 4.90 Cr
  • Satisfied Charges ₹ 28.80 Cr
  • Revenue Growth %
  • Profit Growth -3.08%
  • Ebitda -3.08%
  • Net Worth -4.07%
  • Total Assets -0.47%

About Sterling Chits

Sterling Chits Private Limited (SCPL) is a Private Limited Indian Non-Government Company incorporated in India on 11 June 1985 and has a history of 39 years and 11 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 2017. It's a company limited by shares with an authorized capital of Rs 0.50 M and a paid-up capital of Rs 0.30 M.

The company currently has active open charges totaling ₹4.90 Cr. The company has closed loans amounting to ₹28.80 Cr, as per Ministry of Corporate Affairs (MCA) records.

Rama Venkata and Balavenkata Perumala 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

    U65992TN1985PTC011931

  • Company No.

    011931

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 Jun 1985

  • Date of AGM

    30 Sep 2017

  • Date of Balance Sheet

    31 Mar 2017

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services
Company report

Sterling Chits Private Limited

Explore comprehensive data for Sterling Chits Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (1)

NameDesignationAppointment DateStatus
Rama Venkata Country flag representing In Managing Director11-Jun-1985Current

Board Members (1)

NameDesignationAppointment DateStatus
Balavenkata Perumala Country flag representing In Additional Director 30-Jul-2018Current

Financial Performance of Sterling Chits.

Sterling Chits Private Limited, for the financial year ended 2017, experienced no change in revenue, with a 0% increase. The company also saw a slight decrease in profitability, with a 3.08% decrease in profit. The company's net worth dipped by a decrease of 4.07%.

Sterling Chits revenue growth over time
Sterling Chits 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
Revenue from Operations
Total Assets
-0.47%
Profit or Loss
-3.08%
Net Worth
-4.07%
EBITDA
-3.08%

What is the Ownership and Shareholding Structure of Sterling Chits?

In 2017, Sterling Chits had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹49.00 M

Satisfied Charges

₹288.00 M

Charges Breakdown by Lending Institutions

  • State Bank Of India : 4.90 Cr

Latest Charge Details

DateLenderAmountStatus
29 Mar 2014State Bank Of India₹4.90 CrOpen
14 Jan 2011State Bank Of India₹10.00 CrSatisfied
12 May 2007State Bank Of India₹17.80 CrSatisfied
16 Aug 1999The Bank Of Rajasthank Ltd.₹1.00 CrSatisfied

How Many Employees Work at Sterling Chits?

Unlock and access historical data on people associated with Sterling Chits, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Sterling Chits Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Director Appointment

    Balavenkata Sureshbabu Perumala was appointed as a Additional Director was appointed as a Additional Director on 30 Jul 2018 & has been associated with this company since 6 years 9 months .

  • Annual General Meeting

    Sterling Chits Private Limited last Annual general meeting of members was held on 30 Sep 2017 as per latest MCA records.

  • Balance Sheet

    Sterling Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Chennai.

  • Charges

    A charge registered on 16 Aug 1999 via Charge ID 90322239 with The Bank Of Rajasthank Ltd. was fully satisfied on 06 Dec 2014.

  • Charges

    A charge registered on 14 Jan 2011 via Charge ID 10264981 with State Bank Of India was fully satisfied on 29 Oct 2014.

  • Charges

    A charge registered on 12 May 2007 via Charge ID 10052821 with State Bank Of India was fully satisfied on 13 Oct 2014.

Frequently asked questions

  • What is the Incorporation or founding date of Sterling Chits Private Limited?

    Sterling Chits Private Limited was incorporated on 11 Jun 1985.

  • What is authorized share capital and paid-up capital of Sterling Chits Private Limited?

    The authorized share capital of Sterling Chits Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.30 M.

  • Who are the current board members & directors of Sterling Chits Private Limited?

    Currently 2 directors are associated with Sterling Chits Private Limited.

    • Rama Rao Kanduri Lakshmi Venkata
    • Balavenkata Sureshbabu Perumala

  • What is the registered address of Sterling Chits Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Sterling Chits Private Limited is Hanging Gardens No.14 Vidyodaya Ist Cross St T.Nagar, India, Chennai, Tamil Nadu, 600017.

  • What is the corporate identification number (CIN) and company number of Sterling Chits Private Limited?

    The corporate identification number (CIN) of Sterling Chits Private Limited is U65992TN1985PTC011931 and the company number is 011931 as per Ministry of Corporate Affairs (MCA).

  • What change has been observed in the net worth of Sterling Chits Private Limited, and by what percentage?

    The financial reports for the fiscal year 2017 indicates that The net worth of Sterling Chits Private Limited has experienced an downturn of -4.07%.

  • What are the total open charges for Sterling Chits Private Limited?

    As per the financial statements for fiscal Year 2017, The total open charges for Sterling Chits Private Limited amount to ₹ 4.90 Cr.

  • When was the last Balance Sheet of Sterling Chits Private Limited filed with the ROC?

    The most recent Balance Sheet for Sterling Chits Private Limited was filed with the ROC on 31 Mar 2017.

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