I'm a new user in Trello and I was not able to find any reporting or charting creation options. Is there was way to get status updates or a way to generate any reports/charts in Trello?
Unfortunately, there is no built-in way to do reporting in Trello.
You might also be interested in 3rd party services, like ChartBreeze.com which will let you easily create charts from your Trello data. (Full disclosure: I am the ChartBreeze founder).