Tern Credits And Chits Profile
Key Indicators
- Authorised Capital ₹ 1.50 M
as on 04-12-2024
- Paid Up Capital ₹ 1.50 M
as on 04-12-2024
- Company Age 33 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3.60 M
as on 04-12-2024
- Satisfied Charges ₹ 1.10 M
as on 04-12-2024
- Revenue -0.24%
(FY 2022)
- Profit 230.37%
(FY 2022)
- Ebitda 50.09%
(FY 2022)
- Net Worth 5.40%
(FY 2022)
- Total Assets -10.68%
(FY 2022)
About Tern Credits And Chits
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.
- 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
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Tern Credits And Chits?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srinivasavardhan Venkatachari  | Managing Director | 24-Jul-1992 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ramanathan Kutty | Whole-Time Director | 01-Jun-2002 | Current |
| Ramesh Rao | Whole-Time Director | 02-Apr-2012 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Tern Credits And Chits?
In 2020, Tern Credits And Chits had a promoter holding of 12.20% and a public holding of 87.80%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Precision Compaid Mouldings Private LimitedActive 36 years 5 monthsSrinivasavardhan Venkatachari and Ramesh Rao are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
City Union Bank Limited Creation Date: 02 Aug 2024 | ₹3.60 M | Open |
City Union Bank Limited Creation Date: 11 Nov 2015 | ₹0.35 M | Satisfied |
City Union Bank Limited Creation Date: 21 May 2009 | ₹0.65 M | Satisfied |
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.
Deals i
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
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
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.
