Tern Credits And Chits Private Limited

Offers chit savings, thrift savings, and deposit schemes for trade and public needs.

1991 | Bangaluru, Karnataka (India) | Active
Last Updated:

Tern Credits And Chits Profile

Key Indicators

  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 1.50 M
  • Company Age 34 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.60 M
  • Satisfied Charges ₹ 1.10 M
  • Revenue Growth -0.24%
  • Profit Growth 230.37%
  • Ebitda -128.29%
  • Net Worth 5.40%
  • Total Assets -6.65%

About Tern Credits And Chits

Tern Credits And Chits Private Limited (TCACPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 February 1991 and has a history of 34 years and two months. Its registered office is in Bangaluru, Karnataka, 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 2024. 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 ₹3.60 M. The company has closed loans amounting to ₹1.10 M, as per Ministry of Corporate Affairs (MCA) records.

Ramanathan Kutty, Srinivasavardhan Venkatachari, and Ramesh Rao serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65992KA1991PTC011648

  • Company No.

    011648

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Feb 1991

  • Date of AGM

    23 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services
Company report

Tern Credits And Chits Private Limited

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

Who are the key members and board of directors at Tern Credits And Chits?

Executive Team (1)

NameDesignationAppointment DateStatus
Srinivasavardhan Venkatachari Country flag representing In Managing Director24-Jul-1992Current

Board Members (2)

NameDesignationAppointment DateStatus
Ramanathan Kutty Country flag representing In Whole-Time Director 01-Jun-2002Current
Ramesh Rao Country flag representing In Whole-Time Director 02-Apr-2012Current

Financial Performance of Tern Credits And Chits.

Tern Credits And Chits Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 0.24% decrease. The company also saw a substantial improvement in profitability, with a 230.37% increase in profit. The company's net worth moved up by a moderate rise of 5.4%.

Tern Credits And Chits revenue growth over time
Tern Credits And 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
-0.24%
Revenue from Operations
0.14%
Total Assets
-6.65%
Profit or Loss
230.37%
Net Worth
5.40%
EBITDA
-128.29%

What is the Ownership and Shareholding Structure of Tern Credits And Chits?

In 2022, Tern Credits And Chits had a public holding of 92.93%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3.60 M

Satisfied Charges

₹1.10 M

Charges Breakdown by Lending Institutions

  • City Union Bank Limited : 0.36 Cr

Latest Charge Details

DateLenderAmountStatus
02 Aug 2024City Union Bank Limited₹3.60 MOpen
11 Nov 2015City Union Bank Limited₹0.35 MSatisfied
21 May 2009City Union Bank Limited₹0.65 MSatisfied
30 Aug 2002City Union Bank₹0.04 MSatisfied
11 Jul 2002City Union Bank₹0.06 MSatisfied

How Many Employees Work at Tern Credits And Chits?

Tern Credits And Chits has a workforce of 4 employees as of Apr 03, 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 Tern Credits And Chits Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Tern Credits And 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 Tern Credits And 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 Tern Credits And Chits

Recent activity within the organization

  • Annual General Meeting

    Tern Credits And Chits Private Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records.

  • Charges

    A charge with City Union Bank Limited amounted to Rs. 3.60 M with Charge ID 100961024 was registered on 02 Aug 2024.

  • Balance Sheet

    Tern Credits And Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Charges

    A charge registered on 11 Nov 2015 via Charge ID 10606448 with City Union Bank Limited was fully satisfied on 16 Nov 2018.

  • Charges

    A charge with City Union Bank Limited amounted to Rs. 0.35 M with Charge ID 10606448 was registered on 11 Nov 2015.

  • Director Appointment

    Ramesh Vasudeva Rao was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 02 Apr 2012 & has been associated with this company since 13 years 22 days .

Frequently asked questions

  • What is the Incorporation or founding date of Tern Credits And Chits Private Limited?

    Tern Credits And Chits Private Limited was incorporated on 06 Feb 1991.

  • What is authorized share capital and paid-up capital of Tern Credits And Chits Private Limited?

    The authorized share capital of Tern Credits And Chits Private Limited is ₹ 1.50 M and paid-up capital is ₹ 1.50 M.

  • Who are the current board members & directors of Tern Credits And Chits Private Limited?

    Currently 3 directors are associated with Tern Credits And Chits Private Limited.

    • Ramanathan Govindan Kutty
    • Srinivasavardhan Venkatachari
    • Ramesh Vasudeva Rao

  • What is the registered address of Tern Credits And Chits Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Tern Credits And Chits Private Limited is No.H-13 Sri Balaji Complex 125 Sultanpet, India, Bangalore, Karnataka, 560053.

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

    The corporate identification number (CIN) of Tern Credits And Chits Private Limited is U65992KA1991PTC011648 and the company number is 011648 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Tern Credits And Chits Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Tern Credits And Chits Private Limited has fallen by -0.24%.

  • How many employees does Tern Credits And Chits Private Limited currently have?

    As Per 2022 financial reports, 4 employees are currently employed by Tern Credits And Chits Private Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Tern Credits And Chits Private Limited has experienced an upsurge of 5.40%.

  • What are the total open charges for Tern Credits And Chits Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Tern Credits And Chits Private Limited amount to ₹ 3.60 M.

  • When was the last Balance Sheet of Tern Credits And Chits Private Limited filed with the ROC?

    The most recent Balance Sheet for Tern Credits And Chits Private Limited was filed with the ROC on 31 Mar 2024.

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