Basavaguru Chit Funds Private Limited
About Basavaguru Chit Funds Private Limited
Data last updated:
Basavaguru Chit Funds Private Limited is a private limited company based in Gokak, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 29 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2013PTC069365. Its GSTIN is 29AAFCB8763R1ZN (Karnataka).
The company has an authorised share capital of ₹8 Lakh and a paid-up capital of ₹3.24 Lakh. It is led by directors including Naveen Shidramappa Metagud and Ravi Ramappa Ghamani.
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 C.T.S. No – 4480 Guruwar Peth, Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.49 Lakh, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.53 Lakh (net margin 4.9%) and EBITDA of ₹1.6 Lakh (EBITDA margin 5.1%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Basavaguru Chit Funds Private Limited's registered office is in Gokak, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC.T.S. No – 4480 Guruwar Peth, Gokak, Karnataka, India – 591307
- IndustryFinancial Services, Financial Activities
To see the full contact details of Basavaguru 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 Basavaguru 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 Basavaguru Chit Funds Private Limited, buy the company report.
Financials of Basavaguru Chit Funds Private Limited
FY 2024 filings availableBasavaguru Chit Funds Private Limited reported revenue of ₹31.49 Lakh (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 16% 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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| EBITDA | ₹1.6 Lakh | ||||
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| Net Profit (PAT) | ₹1.53 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 4.9% | ||||
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To see the full financial statements and ratios of Basavaguru Chit Funds Private Limited, buy the company report.
Board of directors of Basavaguru Chit Funds Private Limited
Basavaguru Chit Funds has 10 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Shidramappa Metagud | Director | 15 Dec 2013 | 12 Years 10 Months | Current |
| Ravi Ramappa Ghamani | Director | 23 May 2020 | 6 Years 4 Months | Current |
| Sachin S Kumarmath | Director | 15 Jun 2020 | 6 Years 4 Months | Current |
| Shivanand Channappa Gumati | Director | 29 May 2013 | 13 Years 4 Months | Current |
| Jayanand Mallikarjun Savanur | Director | 29 May 2013 | 13 Years 4 Months | Current |
| Ashok Balappa Aoinavar | Director | 29 May 2013 | 13 Years 4 Months | Current |
Peer comparison
Basavaguru Chit Funds Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Kudumbasree Chit Funds Private Limited | ₹32.43 Lakh (FY 2025) | 8.0% | Thrissur, Kerala, India | |||
| Sri Dhanika Chit Funds Private Limited | ₹32.22 Lakh (FY 2022) | 2.0% | Hyderabad, Telangana, India | |||
| Dara Ashok Chit Funds Private Limited | ₹31.85 Lakh (FY 2025) | 12.0% | Sircilla, Telangana, India | |||
| Saitulasi Chit Funds Private Limited | ₹31.7 Lakh (FY 2025) | -54.0% | Secunderabad, Telangana, India | |||
| Basavaguru Chit Funds Private Limitedthis company | ₹31.49 Lakh (FY 2024) | ₹1.53 Lakh | 4.9% | 3.0% | Gokak, Karnataka, India | |
| Sirulu Chit Funds Private Limited | ₹31.1 Lakh (FY 2022) | 5.0% | Warangal, Telangana, India | |||
| Muriyattu Chit Funds Private Limited | ₹30.93 Lakh (FY 2025) | 29.0% | Thalayolapparambu, Kerala, India | |||
| Jayamukhi Chit Funds Private Limited | ₹30.49 Lakh (FY 2017) | -19.0% | Warangal, Telangana, India |
To see the full peer comparison of Basavaguru Chit Funds Private Limited, buy the company report.
Auditor
Basavaguru Chit Funds Private Limited is audited by Ms S S Gadavi And Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ms S S Gadavi And Associates | FY 2017 | 219612 |
Shareholding
The shareholding of Basavaguru Chit Funds 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 Basavaguru Chit Funds Private Limited, buy the company report.
Legal cases
Basavaguru Chit Funds Private Limited has 4 court cases on record: 4 filed by Basavaguru Chit Funds. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Basavaguru 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 Basavaguru Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Basavaguru Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCB8763R1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Basavaguru Chit Funds Private Limited, buy the company report.
Recent activity
Basavaguru Chit Funds Private Limited has 15 board changes on record since 2013: 10 appointments and 5 cessations. The latest: Prabhu Chandrashekhar Rabakavi ceased to be Director on 05 Sep 2023.
6 earlier events are in the company report.
Frequently asked questions
Basavaguru Chit Funds is an active private limited company based in Gokak, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 29 May 2013 (13+ years old) and is registered under CIN U65992KA2013PTC069365.
Basavaguru Chit Funds has 10 current directors:
- Naveen Shidramappa Metagud - Director
- Ravi Ramappa Ghamani - Director
- Sachin S Kumarmath - Director
- Shivanand Channappa Gumati - Director
- Jayanand Mallikarjun Savanur - Director
- Ashok Balappa Aoinavar - Director
- Nagappa Laxmappa Shekhargol - Director
- Adiveppa Bhimappa Kittur - Director
- Shaila Dundappa Bidari - Director
- Aanand Yallappa Hireholi - Director
The latest financial statements of Basavaguru Chit Funds 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 2015 are in the company report.
The GSTIN of Basavaguru Chit Funds is 29AAFCB8763R1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Basavaguru Chit Funds is U65992KA2013PTC069365. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Basavaguru Chit Funds has 4 court cases on record: 4 filed by the company.
Basavaguru Chit Funds was incorporated on 29 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Basavaguru Chit Funds by revenue are Kudumbasree Chit Funds Private Limited, Sri Dhanika Chit Funds Private Limited, Dara Ashok Chit Funds Private Limited, Saitulasi Chit Funds Private Limited, Sirulu Chit Funds Private Limited and 2 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Prabhu Chandrashekhar Rabakavi ceased to be Director on 05 Sep 2023. Anand Shivaji Uppin ceased to be Director on 27 May 2022. Sachin S Kumarmath was appointed as Director on 15 Jun 2020. Basavaguru Chit Funds has 15 board changes on record in total.
The registered office of Basavaguru Chit Funds is at C.T.S. No – 4480 Guruwar Peth, Gokak, Karnataka, India – 591307.
Basavaguru Chit Funds operates in the financial services industry, in the financial activities segment.