The Mayavaram Financial Chit Corporation .Limited

Provides chit fund services and recurring deposit schemes since 1947 in Chennai, Tamil Nadu.

1947 | Chennai, Tamil Nadu (India) | Active
Last Updated:

The Mayavaram Financial Chit Corporation .Limited Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 0.50 M
  • Company Age 77 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 2.50 Cr
  • Satisfied Charges ₹ 4.00 Cr
  • Revenue Growth 25.92%
  • Profit Growth 24.22%
  • Ebitda 1.15%
  • Net Worth 4.10%
  • Total Assets 13.17%

About The Mayavaram Financial Chit Corporation .Limited

The Mayavaram Financial Chit Corporation .Limited (TMFCCL) was founded in India on 26 November 1947 and has a glorious history of 77 years and five months. Its registered office is in Chennai, Tamil Nadu, India.

The Corporate was formerly known as Mayavaram Financial Chit Corporation.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 0.50 M.

The company currently has active open charges totaling ₹2.50 Cr. The company has closed loans amounting to ₹4.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ampa Palaniappan, Annamalai Sathappan, and Arunachalam 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

    U65991TN1947PLC001646

  • Company No.

    001646

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    26 Nov 1947

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services
Company report

The Mayavaram Financial Chit Corporation .Limited

Explore comprehensive data for The Mayavaram Financial Chit Corporation .Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at The Mayavaram Financial Chit Corporation .Limited?

Executive Team (1)

NameDesignationAppointment DateStatus
Arunachalam Country flag representing In Managing Director27-Jan-2021Current

Board Members (2)

NameDesignationAppointment DateStatus
Ampa Palaniappan Country flag representing In Director 27-Jan-2021Current
Annamalai Sathappan Country flag representing In Director 27-Jan-2021Current

Financial Performance of The Mayavaram Financial Chit Corporation .Limited.

The Mayavaram Financial Chit Corporation .Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 25.92% increase. The company also saw a substantial improvement in profitability, with a 24.22% increase in profit. The company's net worth moved up by a moderate rise of 4.1%.

The Mayavaram Financial Chit Corporation .Limited revenue growth over time
The Mayavaram Financial Chit Corporation .Limited 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
25.92%
Revenue from Operations
25.92%
Total Assets
13.17%
Profit or Loss
24.22%
Net Worth
4.10%
EBITDA
1.15%

What is the Ownership and Shareholding Structure of The Mayavaram Financial Chit Corporation .Limited?

In 2023, The Mayavaram Financial Chit Corporation .Limited 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

₹2.50 Cr

Satisfied Charges

₹4.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 2.50 Cr

Latest Charge Details

DateLenderAmountStatus
23 Apr 2024Others₹2.00 CrOpen
16 Mar 2023Others₹5.00 MOpen
26 Dec 2023Others₹2.00 CrSatisfied
27 Oct 2022Others₹2.00 CrSatisfied

How Many Employees Work at The Mayavaram Financial Chit Corporation .Limited?

The Mayavaram Financial Chit Corporation .Limited has a workforce of 89 employees as of Apr 02, 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 The Mayavaram Financial Chit Corporation .Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of The Mayavaram Financial Chit Corporation .Limited, 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 The Mayavaram Financial Chit Corporation .Limited'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 The Mayavaram Financial Chit Corporation .Limited

Recent activity within the organization

  • Charges

    A charge registered on 26 Dec 2023 via Charge ID 100852277 with Others was fully satisfied on 26 Apr 2024.

  • Charges

    A charge registered on 27 Oct 2022 via Charge ID 100641307 with Others was fully satisfied on 26 Apr 2024.

  • Charges

    A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100919823 was registered on 23 Apr 2024.

  • Charges

    A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100852277 was registered on 26 Dec 2023.

  • Annual General Meeting

    The Mayavaram Financial Chit Corporation .Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

  • Balance Sheet

    The Mayavaram Financial Chit Corporation .Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

Frequently asked questions

  • What is the Incorporation or founding date of The Mayavaram Financial Chit Corporation .Limited?

    The Mayavaram Financial Chit Corporation .Limited was incorporated on 26 Nov 1947.

  • What is authorized share capital and paid-up capital of The Mayavaram Financial Chit Corporation .Limited?

    The authorized share capital of The Mayavaram Financial Chit Corporation .Limited is ₹ 1.00 Cr and paid-up capital is ₹ 0.50 M.

  • Who are the current board members & directors of The Mayavaram Financial Chit Corporation .Limited?

    Currently 3 directors are associated with The Mayavaram Financial Chit Corporation .Limited.

    • Ampa Palaniappan
    • Annamalai Sathappan
    • Arunachalam

  • What is the registered address of The Mayavaram Financial Chit Corporation .Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of The Mayavaram Financial Chit Corporation .Limited is No 108/1 G.N.Chetty Road T. Nagar, India, Chennai, Tamil Nadu, 600017.

  • What is the corporate identification number (CIN) and company number of The Mayavaram Financial Chit Corporation .Limited?

    The corporate identification number (CIN) of The Mayavaram Financial Chit Corporation .Limited is U65991TN1947PLC001646 and the company number is 001646 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of The Mayavaram Financial Chit Corporation .Limited?

    The Official website of The Mayavaram Financial Chit Corporation .Limited is https://www.mayavaramchits.com

  • What has been the recent revenue trend for The Mayavaram Financial Chit Corporation .Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for The Mayavaram Financial Chit Corporation .Limited has risen by 25.92%.

  • How many employees does The Mayavaram Financial Chit Corporation .Limited currently have?

    As Per 2023 financial reports, 89 employees are currently employed by The Mayavaram Financial Chit Corporation .Limited.

  • What change has been observed in the net worth of The Mayavaram Financial Chit Corporation .Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of The Mayavaram Financial Chit Corporation .Limited has experienced an upsurge of 4.10%.

  • What are the total open charges for The Mayavaram Financial Chit Corporation .Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for The Mayavaram Financial Chit Corporation .Limited amount to ₹ 2.50 Cr.

  • When was the last Balance Sheet of The Mayavaram Financial Chit Corporation .Limited filed with the ROC?

    The most recent Balance Sheet for The Mayavaram Financial Chit Corporation .Limited was filed with the ROC on 31 Mar 2023.

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