Banvitha Chit Funds Private Limited
About Banvitha Chit Funds Private Limited
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Banvitha Chit Funds Private Limited is a private limited company based in Warangal, Telangana, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 03 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65999TG2017PTC120426. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Dhanalakshmi Koriginja and Narender Koriginja.
Its last annual general meeting (AGM) was held on 08 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at H.No. 2 – 6 – 5 Nehru Park Road Jangaon, Warangal, Telangana, India – 506167.
As per the financials filed for FY 2021, the company reported a revenue of ₹23.27 Lakh, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹26,948 (net margin -1.2%) and EBITDA of -₹8,033 (EBITDA margin -0.3%). Revenue has grown at a compounded annual rate (CAGR) of 63% over three years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Banvitha Chit Funds Private Limited's registered office is in Warangal, Telangana. Its e-mail address is in the company report.
- Email
- Registered AddressH.No. 2 – 6 – 5 Nehru Park Road Jangaon, Warangal, Telangana, India – 506167
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Banvitha Chit Funds 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 Banvitha Chit Funds 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 Banvitha Chit Funds Private Limited, buy the company report.
Financials of Banvitha Chit Funds Private Limited
FY 2021 filings availableBanvitha Chit Funds Private Limited reported revenue of ₹23.27 Lakh (down 37% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 37% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 63%. EBITDA rose 95% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹8,033 | |||
| Profit Before Tax | ||||
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| Net Profit (PAT) | -₹26,948 | |||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -0.3% | |||
| Net Profit Margin | -1.2% | |||
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To see the full financial statements and ratios of Banvitha Chit Funds Private Limited, buy the company report.
Board of directors of Banvitha Chit Funds Private Limited
Banvitha Chit Funds has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanalakshmi Koriginja | Director | 25 Jan 2021 | 5 Years 9 Months | Current |
| Narender Koriginja | Director | 03 Nov 2017 | 8 Years 11 Months | Current |
| Srinivas Koriginja Also directs: Pushpa Siri Sampada Farm Lands Private Limited | Director | 03 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Banvitha Chit Funds Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Sudena Chit Funds Private Limited | ₹24.31 Lakh (FY 2020) | 51.0% | Medchal Malkajgiri, Telangana, India | |||
| Veda Mallika Chit Funds Private Limited | ₹24.14 Lakh (FY 2025) | 16.0% | Khammam, Telangana, India | |||
| Sri Karuna Chit Funds Private Limited | ₹24 Lakh (FY 2024) | 22.0% | Tirupur, Tamil Nadu, India | |||
| Banvitha Chit Funds Private Limitedthis company | ₹23.27 Lakh (FY 2021) | -₹26,948 | -1.2% | -37.0% | Warangal, Telangana, India | |
| Malaprabha Chit Funds Private Limited | ₹23.22 Lakh (FY 2024) | 0.0% | Mugutkhan Hubli, Karnataka, India | |||
| Adithya Laxmi Chit Funds Private Limited | ₹23.14 Lakh (FY 2024) | 6.0% | Sirsilla, Telangana, India | |||
| Nava Sai Sravanthi Chit Funds Private Limited | ₹23.11 Lakh (FY 2019) | 12.0% | Bapulapadu Village, Andhra Pradesh, India |
To see the full peer comparison of Banvitha Chit Funds Private Limited, buy the company report.
Legal cases
Banvitha Chit Funds Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Banvitha Chit Funds 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 Banvitha Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Banvitha Chit Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Banvitha Chit Funds Private Limited, buy the company report.
Recent activity
Banvitha Chit Funds Private Limited has 6 board changes on record since 2017: 3 appointments and 3 cessations. The latest: Dasa Narsaiah ceased to be Director on 25 Jan 2021.
Frequently asked questions
Banvitha Chit Funds is an active private limited company based in Warangal, Telangana, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 03 November 2017 (9+ years old) and is registered under CIN U65999TG2017PTC120426.
Banvitha Chit Funds has 3 current directors:
- Dhanalakshmi Koriginja - Director
- Narender Koriginja - Director
- Srinivas Koriginja - Director
The latest financial statements of Banvitha Chit Funds on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 08 November 2021. Year-wise statements from FY 2018 are in the company report.
No. Banvitha Chit Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Banvitha Chit Funds is U65999TG2017PTC120426. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Banvitha Chit Funds has 1 court case on record: 1 filed against it. 1 is pending.
Banvitha Chit Funds was incorporated on 03 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Banvitha Chit Funds by revenue are Sudena Chit Funds Private Limited, Veda Mallika Chit Funds Private Limited, Sri Karuna Chit Funds Private Limited, Malaprabha Chit Funds Private Limited, Adithya Laxmi Chit Funds Private Limited and 1 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Dasa Narsaiah ceased to be Director on 25 Jan 2021. Dhanalakshmi Koriginja was appointed as Director on 25 Jan 2021. Laxminarayana Maryala ceased to be Director on 25 Jan 2021. Banvitha Chit Funds has 6 board changes on record in total.
The registered office of Banvitha Chit Funds is at H.No. 2 – 6 – 5 Nehru Park Road Jangaon, Warangal, Telangana, India – 506167.
Banvitha Chit Funds operates in the financial services industry, in the other financial intermediation segment.
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