Vasyas Chit Fund Private Limited

Manages chit funds and savings schemes in compliance with Chit Fund Act 1982.

2015 | Erode, Tamil Nadu (India) | Active
Last Updated: June 18, 2024

Vasyas Chit Fund Profile

Key Indicators

  • Authorised Capital ₹ 1.20 Cr
  • Paid Up Capital ₹ 1.20 Cr
  • Company Age 9 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1.25 Cr
  • Revenue Growth 14.12%
  • Profit Growth 403.43%
  • Ebitda 48.26%
  • Net Worth 1.07%
  • Total Assets -23.37%

About Vasyas Chit Fund

Vasyas Chit Fund Private Limited (VCFPL) is a Private Limited Indian Non-Government Company incorporated in India on 23 November 2015 (Nine years and two months 18 days old ). Its registered office is in Erode, 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 2023. It's a company limited by shares with an authorized capital of Rs 1.20 Cr and a paid-up capital of Rs 1.20 Cr.

The company currently has active open charges totaling ₹1.25 Cr.

Raja Gowdham, Rajasampath, and Yugadevi serve as directors at the Company.

Company Details

  • Location

    Erode, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992TZ2015PTC021999

  • Company No.

    021999

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    23 Nov 2015

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Financial Services

Who are the key members and board of directors at Vasyas Chit Fund?

Board Members (3)

Name Designation Appointment Date Status
Raja Gowdham Country flag representing In Director 23-Nov-2015 Current
Rajasampath Country flag representing In Director 05-Apr-2017 Current
Yugadevi Country flag representing In Director 05-Apr-2017 Current

Financial Performance of Vasyas Chit Fund.

Vasyas Chit Fund Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 14.12% increase. The company also saw a substantial improvement in profitability, with a 403.43% increase in profit. The company's net worth moved up by a moderate rise of 1.07%.

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
14.12%
Revenue from Operations
14.12%
Total Assets
-23.37%
Profit or Loss
403.43%
Net Worth
1.07%
EBITDA
48.26%

What is the Ownership and Shareholding Structure of Vasyas Chit Fund?

In 2023, Vasyas Chit Fund 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

₹1.25 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • City Union Bank Limited : 1.25 Cr

Latest Charge Details

Date Lender Amount Status
25 Oct 2016 City Union Bank Limited ₹1.25 Cr Open

How Many Employees Work at Vasyas Chit Fund?

Unlock and access historical data on people associated with Vasyas Chit Fund, 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 Vasyas Chit Fund, 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 Vasyas Chit Fund'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 Vasyas Chit Fund

Recent activity within the organization

  • Annual General Meeting

    Vasyas Chit Fund Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Vasyas Chit Fund Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

    31 Mar 2023

  • Charges

    A charge with City Union Bank Limited of Rs. 1.25 Cr registered on 25 Oct 2016 with Charge ID 100063014 was modified on 31 Dec 2021.

    31 Dec 2021

  • Director Appointment

    Rajasampath was appointed as a Director was appointed as a Director on 05 Apr 2017 & has been associated with this company since 7 years 10 months .

    05 Apr 2017

  • Director Appointment

    Yugadevi was appointed as a Director was appointed as a Director on 05 Apr 2017 & has been associated with this company since 7 years 10 months .

    05 Apr 2017

  • Charges

    A charge with City Union Bank Limited amounted to Rs. 1.25 Cr with Charge ID 100063014 was registered on 25 Oct 2016.

    25 Oct 2016

Frequently asked questions

  • Vasyas Chit Fund Private Limited was incorporated on 23 Nov 2015.

  • The authorized share capital of Vasyas Chit Fund Private Limited is ₹ 1.20 Cr and paid-up capital is ₹ 1.20 Cr.

  • Currently 3 directors are associated with Vasyas Chit Fund Private Limited.

    • Raja Sampath Karupa Gounder Gowdham
    • Rajasampath
    • Yugadevi
  • As per Ministry of Corporate Affairs (Mca), the registered address of Vasyas Chit Fund Private Limited is No.72/27 G.P Complex Chinna Sengodampalayam, Erode, Tamil Nadu, India, 638012.

  • The corporate identification number (CIN) of Vasyas Chit Fund Private Limited is U65992TZ2015PTC021999 and the company number is 021999 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Vasyas Chit Fund Private Limited is https://www.vasyaschitfund.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Vasyas Chit Fund Private Limited has risen by 14.12%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Vasyas Chit Fund Private Limited has experienced an upsurge of 1.07%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Vasyas Chit Fund Private Limited amount to ₹ 1.25 Cr.

  • The most recent Balance Sheet for Vasyas Chit Fund Private Limited was filed with the ROC on 31 Mar 2023.

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