Akarshanasas Chits Private Limited
About Akarshanasas Chits Private Limited
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Akarshanasas Chits Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 20 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2017PTC101500.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors Ajit Padmalayan and Sujitha Surendran.
Its last annual general meeting (AGM) was held on 30 November 2020, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No. 31 3rd Cross 2nd Block Sir M.V. Nagar Ramamurthy Nagar, Bengaluru, Karnataka, India – 560016.
As per the financials filed for FY 2019, the company reported a revenue of ₹13.5 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.04 Lakh (net margin 7.7%) and EBITDA of ₹1.35 Lakh (EBITDA margin 10%).
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressNo. 31 3rd Cross 2nd Block Sir M.V. Nagar Ramamurthy Nagar, Bengaluru, Karnataka, India – 560016
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Business Activity of Akarshanasas Chits Private Limited
The main business activity of Akarshanasas Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Akarshanasas Chits Private Limited FY 2019 filings available
Akarshanasas Chits Private Limited reported revenue of ₹13.5 Lakh (up 754% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Akarshanasas Chits Private Limited
Revenue rose 754% in the latest year. EBITDA rose 141% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Akarshanasas Chits Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹1.35 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.04 Lakh | •••• | •••• |
| Balance Sheet | |||
| Share Capital | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Akarshanasas Chits Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 10% | •••• | •••• |
| Net Profit Margin | 7.7% | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Akarshanasas Chits are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Akarshanasas Chits Private Limited
Akarshanasas Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sreeyukth Chits Private Limited | ₹13.62 Lakh (FY 2025) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Suntroop Maashitala Mutual Benefit Nidhi Limited | ₹13.62 Lakh (FY 2024) | •••• | •••• | 53.0% | •••• | Vasai, Maharashtra, India |
| Bala Muthalagu Benefit Fund Limited | ₹13.55 Lakh (FY 2025) | •••• | •••• | -50.0% | •••• | Cumbum, Tamil Nadu, India |
| Sri Anantha Laxmi Chit Fund Private Limited | ₹13.54 Lakh (FY 2024) | •••• | •••• | -5.0% | •••• | Jangaon, Telangana, India |
| Dhan Housing and Habitat Development of Poor for Empowerment Confederation | ₹13.53 Lakh (FY 2025) | •••• | •••• | -27.0% | •••• | Madurai, Tamil Nadu, India |
| Akarshanasas Chits Private Limited this company | ₹13.5 Lakh (FY 2019) | •••• | •••• | 754.0% | •••• | Bengaluru, Karnataka, India |
| Nomula Chits Private Limited | ₹13.48 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| Nagashree Investments and Chits Private Limited | ₹13.46 Lakh (FY 2022) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| Beeramankitha Chit Fund Private Limited | ₹13.45 Lakh (FY 2021) | •••• | •••• | -3.0% | •••• | Medchal Malkajgiri, Telangana, India |
| Maharishi Gramin Micro Finance Private Limited | ₹13.23 Lakh (FY 2018) | •••• | •••• | •••• | Namakkal, Tamil Nadu, India | |
| United India Chitties Pvt Ltd | ₹13.23 Lakh (FY 2025) | •••• | •••• | -9.0% | •••• | Thrissur, Kerala, India |
Peers are the five companies nearest above and the five nearest below Akarshanasas Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Akarshanasas Chits Private Limited
Akarshanasas Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Padmalayan | Director | 20 Mar 2017 | 9 Years 6 Months | Current |
| Sujitha Surendran | Director | 20 Mar 2017 | 9 Years 6 Months | Current |
Charges & Borrowings of Akarshanasas Chits Private Limited
Akarshanasas Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Akarshanasas Chits Private Limited
Employment history and EPFO contributions of people linked to Akarshanasas Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Akarshanasas Chits Private Limited
Akarshanasas Chits Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Shaiju Unnukallal Karunakaran ceased to be Director on 13 Jun 2019.
Credit Ratings, Litigation & Regulatory Alerts for Akarshanasas Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Akarshanasas Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Akarshanasas Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Akarshanasas Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Akarshanasas Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Akarshanasas Chits Private Limited
Akarshanasas Chits is an active private limited company based in Bengaluru, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 20 March 2017 (9+ years old) and is registered under CIN U65992KA2017PTC101500.
Akarshanasas Chits reported revenue of ₹13.5 Lakh for FY 2019 (up 754% YoY).
Akarshanasas Chits has 2 current directors:
- Ajit Padmalayan - Director
- Sujitha Surendran - Director
Akarshanasas Chits reported a net profit of ₹1.04 Lakh (net margin 7.7%) and EBITDA of ₹1.35 Lakh (EBITDA margin 10%) for FY 2019, as per its filed financial statements.
The CIN (Corporate Identification Number) of Akarshanasas Chits is U65992KA2017PTC101500. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akarshanasas Chits was incorporated on 20 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Akarshanasas Chits by revenue are Sreeyukth Chits Private Limited, Suntroop Maashitala Mutual Benefit Nidhi Limited, Bala Muthalagu Benefit Fund Limited, Sri Anantha Laxmi Chit Fund Private Limited, Dhan Housing and Habitat Development of Poor for Empowerment Confederation and 5 more, all in the BFSI industry (Micro Finance).
Shaiju Unnukallal Karunakaran ceased to be Director on 13 Jun 2019. Ajit Padmalayan was appointed as Director on 20 Mar 2017. Sujitha Surendran was appointed as Director on 20 Mar 2017.
The registered office of Akarshanasas Chits is at No. 31 3rd Cross 2nd Block Sir M.V. Nagar Ramamurthy Nagar, Bengaluru, Karnataka, India – 560016.
Akarshanasas Chits has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh.
Akarshanasas Chits operates in the financial services industry, in the microfinance institutions segment.