B.G.K.Progressive Chit Funds Private Limited
About B.G.K.Progressive Chit Funds Private Limited
Data last updated:
B.G.K.Progressive Chit Funds Private Limited is a private limited company based in Bagalkot, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 08 July 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1998PTC023938. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Veerappa Veerupaxappa Shirgannavar (Managing Director) and Sunil Shivaji Ambore.
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 Sector No. – 4 Plot No 15 – /F Navanagar Bagalkot, Karnataka, India – 587103.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.09 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹33,372 (net margin 10.8%) and EBITDA of ₹35,120 (EBITDA margin 11.4%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 35% over five years.
Court records list 1 case involving the company.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressSector No. – 4 Plot No 15 – /F Navanagar Bagalkot, Karnataka, India – 587103
- IndustryFinancial Services, Financial Activities
- 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 B.G.K.Progressive Chit Funds Private Limited
The main business activity of B.G.K.Progressive Chit Funds 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 B.G.K.Progressive Chit Funds Private Limited FY 2022 filings available
B.G.K.Progressive Chit Funds Private Limited reported revenue of ₹3.09 Lakh (up 2060% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of B.G.K.Progressive Chit Funds Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 35% over five years. EBITDA rose 573% 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 of B.G.K.Progressive Chit Funds Private Limited
| 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 | ₹35,120 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹33,372 | •••• | •••• | •••• | •••• |
| 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 B.G.K.Progressive Chit Funds Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.8% | •••• | •••• | •••• | •••• |
| 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 B.G.K.Progressive Chit Funds are in the company report.
Financial statements from 2015
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.
Board of Directors of B.G.K.Progressive Chit Funds Private Limited
B.G.K.Progressive Chit Funds has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Shivaji Ambore | Director | 09 Sep 2021 | 5 Years 1 Months | Current |
| Veerappa Veerupaxappa Shirgannavar Also directs: Sanganabasava Chits Private Limited | Managing Director | 19 Sep 2015 | 11 Years 1 Months | Current |
| Chandrashekar Tapashetti | Director | 01 Aug 2002 | 24 Years 2 Months | Current |
Peer Comparison of B.G.K.Progressive Chit Funds Private Limited
B.G.K.Progressive Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madhavaram Chit Funds Private Limited | ₹3.25 Lakh (FY 2023) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Sathyaprabha Chit Funds Private Limited | ₹3.24 Lakh (FY 2025) | •••• | •••• | -19.0% | •••• | Nadakkavu, Kerala, India |
| Poopoo Chit Funds Private Limited | ₹3.18 Lakh (FY 2019) | •••• | •••• | 6.0% | •••• | Coimbatore, Tamil Nadu, India |
| Elakkiya Chit Funds Private Limited | ₹3.14 Lakh (FY 2016) | •••• | •••• | -19.0% | •••• | Erode, Tamil Nadu, India |
| Karnati's Ushasri Chit Funds (I) Private Limited | ₹3.1 Lakh (FY 2020) | •••• | •••• | -38.0% | •••• | Khammam, Telangana, India |
| B.G.K.Progressive Chit Funds Private Limited this company | ₹3.09 Lakh (FY 2022) | •••• | •••• | 2060.0% | •••• | Bagalkot, Karnataka, India |
| Bhumana Chit Funds Private Limited | ₹3.08 Lakh (FY 2020) | •••• | •••• | •••• | Nizamabad, Telangana, India | |
| Thirumal Chit Funds (Pattukkotai) Private Limited | ₹3.07 Lakh (FY 2016) | •••• | •••• | -59.0% | •••• | Tamil Nadu, India |
| Vopari Chit Funds Private Limited | ₹3.03 Lakh (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| CMN Chit Funds Private Limited | ₹3.02 Lakh (FY 2020) | •••• | •••• | 13.0% | •••• | Hyderabad, Telangana, India |
| Attur Shri Ganga Chit Funds Private Limited | ₹3 Lakh (FY 2020) | •••• | •••• | -70.0% | •••• | Salem, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below B.G.K.Progressive Chit Funds by revenue in the BFSI industry (Chit Funds), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of B.G.K.Progressive Chit Funds Private Limited
B.G.K.Progressive Chit Funds Private Limited is audited by ANANT MUTALIK for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANANT MUTALIK | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of B.G.K.Progressive Chit Funds Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of B.G.K.Progressive Chit Funds Private Limited
B.G.K.Progressive Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of B.G.K.Progressive Chit Funds Private Limited
B.G.K.Progressive Chit Funds Private Limited has 1 court case on record: 1 where it is another party. All case is disposed. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Company is another party | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at B.G.K.Progressive Chit Funds Private Limited
Employment history and EPFO contributions of people linked to B.G.K.Progressive Chit Funds.
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 B.G.K.Progressive Chit Funds Private Limited
B.G.K.Progressive Chit Funds Private Limited has 13 board changes on record since 2002: 3 appointments and 10 cessations. The latest: Sunil Shivaji Ambore was appointed as Director on 09 Sep 2021.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for B.G.K.Progressive Chit Funds 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 B.G.K.Progressive Chit Funds 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 B.G.K.Progressive Chit Funds 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 B.G.K.Progressive Chit Funds Private Limited
B.G.K.Progressive 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.
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 B.G.K.Progressive Chit Funds 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 B.G.K.Progressive Chit Funds Private Limited
B.G.K.Progressive Chit Funds is an active private limited company based in Bagalkot, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 08 July 1998 (28+ years old) and is registered under CIN U65992KA1998PTC023938.
B.G.K.Progressive Chit Funds reported revenue of ₹3.09 Lakh for FY 2022 (up 2060% YoY).
B.G.K.Progressive Chit Funds has 3 current directors:
- Veerappa Veerupaxappa Shirgannavar - Managing Director
- Sunil Shivaji Ambore - Director
- Chandrashekar Tapashetti - Director
B.G.K.Progressive Chit Funds reported a net profit of ₹33,372 (net margin 10.8%) and EBITDA of ₹35,120 (EBITDA margin 11.4%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of B.G.K.Progressive Chit Funds is -30% over three years and -35% over five years. CAGR is the steady yearly rate that links the first and the last year.
No. B.G.K.Progressive Chit Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of B.G.K.Progressive Chit Funds is U65992KA1998PTC023938. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
B.G.K.Progressive Chit Funds has 1 court case on record.
B.G.K.Progressive Chit Funds was incorporated on 08 July 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of B.G.K.Progressive Chit Funds by revenue are Madhavaram Chit Funds Private Limited, Sathyaprabha Chit Funds Private Limited, Poopoo Chit Funds Private Limited, Elakkiya Chit Funds Private Limited, Karnati's Ushasri Chit Funds (I) Private Limited and 5 more, all in the BFSI industry (Chit Funds).
Sunil Shivaji Ambore was appointed as Director on 09 Sep 2021. Veerappa Veerupaxappa Shirgannavar ceased to be Director on 09 Aug 2021. Basavaraj Veerbhadragouda Patil ceased to be Director on 05 Aug 2021. B.G.K.Progressive Chit Funds has 13 board changes on record in total.