Arsikere Vasavi Chits Private Limited
About Arsikere Vasavi Chits Private Limited
Data last updated:
Arsikere Vasavi Chits Private Limited is a private limited company based in Arasikere, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 13 January 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1997PTC021636.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.61 Lakh. It is led by directors including Talanki Raghavendra Shilpa and Shyla Ranganath Talanki.
Its last annual general meeting (AGM) was held on 21 February 2023, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Pb No 13 Bh Road Arasikere., Karnataka, India – 573103.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.41 Lakh, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹500 (net margin -0.1%) and EBITDA of ₹19,500 (EBITDA margin 3%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.
Court records list 5 cases involving the company, including 5 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Arsikere Vasavi Chits Private Limited's registered office is in Arasikere, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPb No 13 Bh Road Arasikere., Karnataka, India – 573103
- IndustryFinancial Services, Financial Activities
To see the full contact details of Arsikere Vasavi 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 Arsikere Vasavi 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 Arsikere Vasavi Chits Private Limited, buy the company report.
Financials of Arsikere Vasavi Chits Private Limited
FY 2022 filings availableArsikere Vasavi Chits Private Limited reported revenue of ₹6.41 Lakh (down 39% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 39% fall in the latest year. EBITDA fell 66% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹19,500 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹500 | ||||
| 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | -0.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Arsikere Vasavi Chits Private Limited, buy the company report.
Board of directors of Arsikere Vasavi Chits Private Limited
Arsikere Vasavi Chits has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Talanki Raghavendra Shilpa Also directs: Sri Jenukal Chits Private Limited | Director | 15 Mar 2021 | 5 Years 7 Months | Current |
| Shyla Ranganath Talanki | Director | 02 Apr 1997 | 29 Years 6 Months | Current |
| Raghavendra Ramachandra Setty Talanki Also directs: Sri Jenukal Chits Private Limited | Director | 02 Apr 1997 | 29 Years 6 Months | Current |
| Ranganath Ramachandra Talanki | Director | 13 Jan 1997 | 29 Years 9 Months | Current |
Peer comparison
Arsikere Vasavi Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Safewealth Chits Private Limited | ₹6.41 Lakh (FY 2020) | -37.0% | Pune, Maharashtra, India | |||
| Ki & San's Micro Finance Private Limited | ₹6.41 Lakh (FY 2025) | 0.0% | Dohad, Gujarat, India | |||
| Nirmala Micro Finance Private Limited | ₹6.41 Lakh (FY 2023) | Varanasi, Uttar Pradesh, India | ||||
| Dakshin Nidhi Limited | ₹6.41 Lakh (FY 2019) | 1098.0% | Kozhikode, Kerala, India | |||
| Rocky Datamatics Pvt Ltd | ₹6.41 Lakh (FY 2020) | -86.0% | Kolkata, West Bengal, India | |||
| Arsikere Vasavi Chits Private Limitedthis company | ₹6.41 Lakh (FY 2022) | -₹500 | -0.1% | -39.0% | Arasikere, Karnataka, India | |
| Cheruvathoor Nidhi Limited | ₹6.4 Lakh (FY 2024) | 6.0% | Thrissur, Kerala, India | |||
| Janhit Benefit Nidhi (India) Limited | ₹6.4 Lakh (FY 2017) | Firozabad, Uttar Pradesh, India | ||||
| Ashwapati Trading Private Limited | ₹6.4 Lakh (FY 2019) | -12.0% | Mumbai, Maharashtra, India | |||
| WMG Broking Private Limited | ₹6.4 Lakh (FY 2024) | Bangalore, Karnataka, India | ||||
| Shreyansh Professionals Limited | ₹6.4 Lakh (FY 2020) | 348.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Arsikere Vasavi Chits Private Limited, buy the company report.
Auditor
Arsikere Vasavi Chits Private Limited is audited by Asha S V & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Asha S V & Associates | FY 2017 | 016498S |
Shareholding
The shareholding of Arsikere Vasavi Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Arsikere Vasavi Chits Private Limited, buy the company report.
Legal cases
Arsikere Vasavi Chits Private Limited has 5 court cases on record: 5 filed by Arsikere Vasavi Chits. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, HASSAN, Karnataka | Execution petition | Filed by the company against individuals | Disposed |
| District court, HASSAN, Karnataka | Execution petition | Filed by the company against individuals | Disposed |
| District court, HASSAN, Karnataka | Execution petition | Filed by the company against individuals | Disposed |
| District court, HASSAN, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
| District court, HASSAN, Karnataka | Execution petition | Filed by the company against individuals | Disposed |
To see the full case history of Arsikere Vasavi 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 Arsikere Vasavi Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Arsikere Vasavi Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Arsikere Vasavi Chits Private Limited has 6 board changes on record since 1997: 4 appointments and 2 cessations. The latest: Prabhavathi Ramachandrasetty Talanki ceased to be Director on 16 Mar 2021.
Frequently asked questions
Arsikere Vasavi Chits is an active private limited company based in Arasikere, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 13 January 1997 (29+ years old) and is registered under CIN U65992KA1997PTC021636.
Arsikere Vasavi Chits has 4 current directors:
- Talanki Raghavendra Shilpa - Director
- Shyla Ranganath Talanki - Director
- Raghavendra Ramachandra Setty Talanki - Director
- Ranganath Ramachandra Talanki - Director
The latest financial statements of Arsikere Vasavi Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 21 February 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Arsikere Vasavi Chits is U65992KA1997PTC021636. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arsikere Vasavi Chits has 5 court cases on record: 5 filed by the company.
Arsikere Vasavi Chits was incorporated on 13 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Arsikere Vasavi Chits by revenue are Safewealth Chits Private Limited, Ki & San's Micro Finance Private Limited, Nirmala Micro Finance Private Limited, Dakshin Nidhi Limited, Rocky Datamatics Pvt Ltd and 5 more, all in the same principal business activity (other financial activities).
Prabhavathi Ramachandrasetty Talanki ceased to be Director on 16 Mar 2021. Talanki Raghavendra Shilpa was appointed as Director on 15 Mar 2021. Ramachandra Setty Shamanna Setty Talanki ceased to be Director on 13 Sep 2020. Arsikere Vasavi Chits has 6 board changes on record in total.
The registered office of Arsikere Vasavi Chits is at Pb No 13 Bh Road Arasikere., Karnataka, India – 573103.
Arsikere Vasavi Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Arsikere Vasavi Chits is compliant as of 24 August 2026. The company is actively filing with the Registrar of Companies.