Virasi Chits And Finance Private Limited

Provides chit fund and finance services since 1996 in Andhra Pradesh.

1996 | Visakhapatnam, Andhra Pradesh (India) | Active
Last Updated: January 11, 2025

Virasi Chits And Finance Profile

Key Indicators

  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 0.10 M
  • Company Age 28 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 57.00 K
  • Revenue Growth %
  • Profit Growth -56.78%
  • Ebitda -120.00%
  • Net Worth -2.70%
  • Total Assets -0.11%

About Virasi Chits And Finance

Virasi Chits And Finance Private Limited (VCAFPL) is a Private Limited Indian Non-Government Company incorporated in India on 18 March 1996 and has a history of 28 years and 11 months. Its registered office is in Visakhapatnam, Andhra Pradesh, 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 1.00 Cr and a paid-up capital of Rs 0.10 M.

The company currently has active open charges totaling ₹57,000.00.

Indira Appikatla and Sailaja Korada serve as directors at the Company.

Company Details

  • Location

    Visakhapatnam, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65992AP1996PTC023548

  • Company No.

    023548

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Mar 1996

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Financial Services

Who are the key members and board of directors at Virasi Chits And Finance?

Board Members (2)

NameDesignationAppointment DateStatus
Indira Appikatla Country flag representing In Director 18-Mar-2003Current
Sailaja Korada Country flag representing In Director 18-Mar-2003Current

Financial Performance of Virasi Chits And Finance.

Virasi Chits And Finance Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 56.78% decrease in profit. The company's net worth dipped by a decrease of 2.7%.

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
Revenue from Operations
Total Assets
-0.11%
Profit or Loss
-56.78%
Net Worth
-2.70%
EBITDA
-120.00%

What is the Ownership and Shareholding Structure of Virasi Chits And Finance?

Unlock access to Virasi Chits And Finance's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.01 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • The Karur Vysya Bank Ltd. : 0.01 Cr

Latest Charge Details

DateLenderAmountStatus
13 Aug 1999The Karur Vysya Bank Ltd.₹0.06 MOpen

How Many Employees Work at Virasi Chits And Finance?

Unlock and access historical data on people associated with Virasi Chits And Finance, 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 Virasi Chits And Finance, 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 Virasi Chits And Finance'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 Virasi Chits And Finance

Recent activity within the organization

  • Annual General Meeting

    Virasi Chits And Finance Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Virasi Chits And Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.

    31 Mar 2024

  • Director Appointment

    Indira Appikatla was appointed as a Director was appointed as a Director on 18 Mar 2003 & has been associated with this company since 21 years 11 months .

    18 Mar 2003

  • Director Appointment

    Sailaja Korada was appointed as a Director was appointed as a Director on 18 Mar 2003 & has been associated with this company since 21 years 11 months .

    18 Mar 2003

  • Charges

    A charge with The Karur Vysya Bank Ltd. amounted to Rs. 0.01 Cr with Charge ID 90259845 was registered on 13 Aug 1999.

    13 Aug 1999

  • Company Incorporation

    Virasi Chits And Finance Private Limited was registered on 18 Mar 1996 with Roc Vijayawada & aged 28 years 11 months as per MCA records.

    18 Mar 1996

Frequently asked questions

  • Virasi Chits And Finance Private Limited was incorporated on 18 Mar 1996.

  • The authorized share capital of Virasi Chits And Finance Private Limited is ₹ 1.00 Cr and paid-up capital is ₹ 0.10 M.

  • Currently 2 directors are associated with Virasi Chits And Finance Private Limited.

    • Indira Appikatla
    • Sailaja Korada
  • As per Ministry of Corporate Affairs (Mca), the registered address of Virasi Chits And Finance Private Limited is Flat No. 101 1St Floor Bharat Towers 5Th Lane, Dwarakanagar India, Visakhapatnam, Andhra Pradesh, 530016.

  • The corporate identification number (CIN) of Virasi Chits And Finance Private Limited is U65992AP1996PTC023548 and the company number is 023548 as per Ministry of Corporate Affairs (MCA).

  • The financial reports for the fiscal year 2022 indicates that The net worth of Virasi Chits And Finance Private Limited has experienced an downturn of -2.70%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Virasi Chits And Finance Private Limited amount to ₹ 57.00 K .

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

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