Best Life Chits Private Limited
About Best Life Chits Private Limited
Data last updated:
Best Life Chits Private Limited is a private limited company based in Kadapa, Andhra Pradesh, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 23 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP2014PTC095887. Its GSTIN is 37AAGCB1527Q1ZB (Andhra Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kodadula Venkateswarlu and Kodidala Sudhan Madhu.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at D.No.2/393 Opp Chenna Kesava Reddy Statue Nagarajupet Old Bustand Road, Kadapa, Andhra Pradesh, India – 516001.
As per the financials filed for FY 2016, the company reported a revenue of ₹11.12 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹17,611 (net margin 1.6%) and EBITDA of -₹1.01 Lakh (EBITDA margin -9%).
Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Best Life Chits Private Limited's registered office is in Kadapa, Andhra Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressD.No.2/393 Opp Chenna Kesava Reddy Statue Nagarajupet Old Bustand Road, Kadapa, Andhra Pradesh, India – 516001
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
To see the full contact details of Best Life 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
Financials of Best Life Chits Private Limited
FY 2022 filings availableBest Life Chits Private Limited reported revenue of ₹11.12 Lakh (up 1115% YoY) for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹11.12 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.01 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹17,611 | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -9% | |
| Net Profit Margin | 1.6% | |
| 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 Best Life Chits Private Limited, buy the company report.
Board of directors of Best Life Chits Private Limited
Best Life Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kodadula Venkateswarlu | Director | 23 Dec 2014 | 11 Years 10 Months | Current |
| Kodidala Sudhan Madhu | Director | 23 Dec 2014 | 11 Years 10 Months | Current |
Auditor
Best Life Chits Private Limited is audited by RAMBABU ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMBABU ASSOCIATES | FY 2016 | 231366 |
Shareholding
The shareholding of Best Life Chits Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Best Life Chits Private Limited, buy the company report.
Legal cases
Best Life Chits Private Limited has 10 court cases on record: 7 filed by Best Life Chits, 3 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 3 | 3 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kadapa, Andhra Pradesh | Criminal case | Filed against the company by an individual | Pending |
| District court, Kadapa, Andhra Pradesh | Criminal case | Filed against the company by an individual | Pending |
| District court, Kadapa, Andhra Pradesh | Criminal case | Filed against the company by an individual | Pending |
| District court, Kadapa, Andhra Pradesh | Execution petition | Filed by the company against individuals | Disposed |
| District court, Kadapa, Andhra Pradesh | Execution petition | Filed by the company against individuals | Disposed |
To see the full case history of Best Life 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 Best Life Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Best Life Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAGCB1527Q1ZB | Andhra Pradesh | Active | 07 Jan 2018 |
To see the full GST registrations and return filing status of Best Life Chits Private Limited, buy the company report.
Recent activity
Best Life Chits Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Kodadula Venkateswarlu was appointed as Director on 23 Dec 2014.
Frequently asked questions
Best Life Chits is an active private limited company based in Kadapa, Andhra Pradesh, India. The company works in chit fund, within the financial services industry. It was incorporated on 23 December 2014 (12+ years old) and is registered under CIN U65992AP2014PTC095887.
Best Life Chits has 2 current directors:
- Kodadula Venkateswarlu - Director
- Kodidala Sudhan Madhu - Director
The latest financial statements of Best Life Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Best Life Chits is 37AAGCB1527Q1ZB, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Best Life Chits is U65992AP2014PTC095887. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Best Life Chits has 10 court cases on record: 7 filed by the company and 3 filed against it. 3 are pending.
Best Life Chits was incorporated on 23 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
Kodadula Venkateswarlu was appointed as Director on 23 Dec 2014. Kodidala Sudhan Madhu was appointed as Director on 23 Dec 2014.
The registered office of Best Life Chits is at D.No.2393 Opp Chenna Kesava Reddy Statue Nagarajupet Old Bustand Road, Kadapa, Andhra Pradesh, India – 516001.
Best Life Chits operates in the financial services industry, in the chit fund segment.