Vetri Chit Funds Private Limited

Conducts monthly chit auctions under chit fund act since 1984.

1984 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 14, 2024

Vetri Chit Funds Profile

Key Indicators

  • Authorised Capital ₹ 1.40 M
  • Paid Up Capital ₹ 1.40 M
  • Company Age 40 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -25.24%
  • Profit Growth -57.82%
  • Ebitda -83.32%
  • Net Worth 2.50%
  • Total Assets -30.73%

About Vetri Chit Funds

Vetri Chit Funds Private Limited (VCFPL) is a Private Limited Indian Non-Government Company incorporated in India on 28 August 1984 and has a history of 40 years and five months. Its registered office is in Chennai, Tamil Nadu.

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 1.40 M and a paid-up capital of Rs 1.40 M, as per Ministry of Corporate Affairs (MCA) records.

Annamalai Muthuraman and Alamelu serve as directors at the Company.

Company Details

  • Location
    Chennai, Tamil Nadu
  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992TN1984PTC011117

  • Company No.

    011117

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Aug 1984

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Vetri Chit Funds?

Executive Team (1)

Name Designation Appointment Date Status
Annamalai Muthuraman Country flag representing In Managing Director 28-Aug-1984 Current

Board Members (1)

Name Designation Appointment Date Status
Alamelu Country flag representing In Additional Director 23-Jun-2022 Current

Financial Performance of Vetri Chit Funds.

Vetri Chit Funds Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 25.24% decrease. The company also saw a substantial fall in profitability, with a 57.82% decrease in profit. The company's net worth moved up by a moderate rise of 2.5%.

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
-25.24%
Revenue from Operations
-43.20%
Total Assets
-30.73%
Profit or Loss
-57.82%
Net Worth
2.50%
EBITDA
-83.32%

What is the Ownership and Shareholding Structure of Vetri Chit Funds?

In 2020, Vetri Chit Funds 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Vetri Chit Funds?

Unlock and access historical data on people associated with Vetri Chit Funds, 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 Vetri Chit Funds, 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 Vetri Chit Funds'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 Vetri Chit Funds

Recent activity within the organization

  • Annual General Meeting

    Vetri Chit Funds Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Vetri Chit Funds Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Director Appointment

    Alamelu was appointed as a Additional Director was appointed as a Additional Director on 23 Jun 2022 & has been associated with this company since 2 years 7 months .

    23 Jun 2022

  • Director Appointment

    Annamalai Muthuraman was appointed as a Managing Director was appointed as a Managing Director on 28 Aug 1984 & has been associated with this company since 40 years 5 months .

    28 Aug 1984

  • Company Incorporation

    Vetri Chit Funds Private Limited was registered on 28 Aug 1984 with Roc Chennai & aged 40 years 5 months as per MCA records.

    28 Aug 1984

Frequently asked questions

  • Vetri Chit Funds Private Limited was incorporated on 28 Aug 1984.

  • The authorized share capital of Vetri Chit Funds Private Limited is ₹ 1.40 M and paid-up capital is ₹ 1.40 M.

  • Currently 2 directors are associated with Vetri Chit Funds Private Limited.

    • Annamalai Muthuraman
    • Alamelu
  • As per Ministry of Corporate Affairs (Mca), the registered address of Vetri Chit Funds Private Limited is 33 Siva Complex Stringers Street, India, Chennai, Tamil Nadu, 600108.

  • The corporate identification number (CIN) of Vetri Chit Funds Private Limited is U65992TN1984PTC011117 and the company number is 011117 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2021, the revenue trend for Vetri Chit Funds Private Limited has fallen by -25.24%.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Vetri Chit Funds Private Limited has experienced an upsurge of 2.50%.

  • The most recent Balance Sheet for Vetri Chit Funds Private Limited was filed with the ROC on 31 Mar 2024.

People also Viewed

Similar Companies Based on Microfinance Institutions