Abhishwa Chits Private Limited
About Abhishwa Chits Private Limited
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Abhishwa Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 06 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC098270. Its GSTIN is 29AALFV4441R1Z8 (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Sathish Kumar Ashwath Rao (Managing Director) and Dalleshwaraiah Babu.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.08 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹15.5 Lakh (net margin 14.4%) and EBITDA of ₹21.73 Lakh (EBITDA margin 20.2%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 40% over five years.
Court records list 8 cases involving the company, including 8 filed by the company; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Abhishwa Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.273/288 Tejasvi Complex 3rd Floor 6th A Cross Banasankari 1st Stage 2nd Block Srinivas, Nagar, Bangalore, Karnataka, India – 560050
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Abhishwa Chits Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Abhishwa Chits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Abhishwa Chits Private Limited, buy the company report.
Financials of Abhishwa Chits Private Limited
FY 2024 filings availableAbhishwa Chits Private Limited reported revenue of ₹1.08 Cr (up 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 11% growth in the latest year. EBITDA fell 9% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹21.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.5 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.2% | ||||
| Net Profit Margin | 14.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Abhishwa Chits Private Limited, buy the company report.
Board of directors of Abhishwa Chits Private Limited
Abhishwa Chits has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paladi Chandraiahshetty Nagarathna | Additional Director | 10 Mar 2021 | 5 Years 7 Months | Current |
| Sujatha Venkoba Rao | Additional Director | 10 Mar 2021 | 5 Years 7 Months | Current |
| Dalleshwaraiah Babu | Director | 19 Oct 2022 | 4 Years 0 Months | Current |
| Pavankumar Krishnaiah Shetty | Director | 06 Dec 2016 | 9 Years 11 Months | Current |
| Sathish Kumar Ashwath Rao | Managing Director | 06 Dec 2016 | 9 Years 11 Months | Current |
| Venkatesh Babu | Director | 06 Dec 2016 | 9 Years 11 Months | Current |
Peer comparison
Abhishwa Chits Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swedish Portfolio Private Limited | ₹1.08 Cr (FY 2020) | -66.0% | Kolkata, West Bengal, India | |||
| Prithvi Suppliers Private Limited | ₹1.08 Cr (FY 2022) | 25.0% | Kolkata, West Bengal, India | |||
| Loanqubes Financial Services Private Limited | ₹1.08 Cr (FY 2025) | -28.0% | Delhi, India | |||
| Abhishwa Chits Private Limitedthis company | ₹1.08 Cr (FY 2024) | ₹15.5 Lakh | 14.4% | 11.0% | Bangalore, Karnataka, India | |
| Torus Housing Finance Services Private Limited | ₹1.08 Cr (FY 2024) | 24340.0% | Mumbai, Maharashtra, India | |||
| Embaby Nidhi Limited | ₹1.07 Cr (FY 2025) | 14.0% | Kattappana, Kerala, India |
To see the full peer comparison of Abhishwa Chits Private Limited, buy the company report.
Auditor
Abhishwa Chits Private Limited is audited by VENKATRAMANA P & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKATRAMANA P & CO | FY 2023 | 228408 |
Shareholding
The shareholding of Abhishwa Chits Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Abhishwa Chits Private Limited, buy the company report.
Legal cases
Abhishwa Chits Private Limited has 8 court cases on record: 8 filed by Abhishwa Chits. 4 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 0 | 4 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Abhishwa Chits Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Abhishwa Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Abhishwa Chits has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALFV4441R1Z8 | Karnataka | Active | 11 Jul 2017 |
| 29AAOCA9669E1ZZ | Karnataka | Active | 03 Dec 2022 |
| 37AALFV4441R1ZB | Andhra Pradesh | Active | 18 Jul 2018 |
To see the full GST registrations and return filing status of Abhishwa Chits Private Limited, buy the company report.
Recent activity
Abhishwa Chits Private Limited has 7 board changes on record since 2016: 6 appointments and 1 cessation. The latest: Dalleshwaraiah Babu was appointed as Director on 19 Oct 2022.
Frequently asked questions
Abhishwa Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 06 December 2016 (10+ years old) and is registered under CIN U74999KA2016PTC098270.
Abhishwa Chits has 6 current directors:
- Sathish Kumar Ashwath Rao - Managing Director
- Paladi Chandraiahshetty Nagarathna - Additional Director
- Sujatha Venkoba Rao - Additional Director
- Dalleshwaraiah Babu - Director
- Pavankumar Krishnaiah Shetty - Director
- Venkatesh Babu - Director
The latest financial statements of Abhishwa Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Abhishwa Chits is 29AALFV4441R1Z8, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAOCA9669E1ZZ (Karnataka), 37AALFV4441R1ZB (Andhra Pradesh).
The CIN (Corporate Identification Number) of Abhishwa Chits is U74999KA2016PTC098270. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abhishwa Chits has 8 court cases on record: 8 filed by the company. 4 are pending.
Abhishwa Chits was incorporated on 06 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Abhishwa Chits by revenue are Swedish Portfolio Private Limited, Prithvi Suppliers Private Limited, Loanqubes Financial Services Private Limited, Torus Housing Finance Services Private Limited, Embaby Nidhi Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Dalleshwaraiah Babu was appointed as Director on 19 Oct 2022. Nagaraj Muniyappa ceased to be Director on 10 Mar 2021. Paladi Chandraiahshetty Nagarathna was appointed as Additional Director on 10 Mar 2021. Abhishwa Chits has 7 board changes on record in total.
The registered office of Abhishwa Chits is at No.273288 Tejasvi Complex 3rd Floor 6th A Cross Banasankari 1st Stage 2nd Block Srinivas, Nagar, Bangalore, Karnataka, India – 560050.
Abhishwa Chits operates in the financial services industry, in the diversified financial services segment.
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