Bhagya Ranga Chits Private Limited
About Bhagya Ranga Chits Private Limited
Data last updated:
Bhagya Ranga Chits Private Limited is a private limited company based in Davanagere, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 18 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2004PTC033401. Its GSTIN is 29AACCB4593J2Z9 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹17.72 Lakh. It is led by directors including Ranga Rao Manne (Managing Director) and Dayananda Saraswathi Manne.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Davanagere, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹24.87 Lakh, a growth of 12% compared to the previous year. For the same year it recorded a net loss of ₹5.49 Lakh (net margin -22.1%) and EBITDA of -₹4.08 Lakh (EBITDA margin -16.4%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 28% over five years.
Court records list 147 cases involving the company, including 140 filed by the company and 7 filed against it; 12 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bhagya Ranga Chits Private Limited's registered office is in Davanagere, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSatya Sadana II Nd Floor Door No.998 Kuvempu Road (Lawyers Street) K B Exte, Nsion, Davanagere, Karnataka, India – 577002
- IndustryFinancial Services, Financial Activities
To see the full contact details of Bhagya Ranga 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 Bhagya Ranga 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 Bhagya Ranga Chits Private Limited, buy the company report.
Financials of Bhagya Ranga Chits Private Limited
FY 2023 filings availableBhagya Ranga Chits Private Limited reported revenue of ₹24.87 Lakh (up 12% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 28%. EBITDA fell 88% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹4.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.49 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.4% | ||||
| Net Profit Margin | -22.1% | ||||
| 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 Bhagya Ranga Chits Private Limited, buy the company report.
Board of directors of Bhagya Ranga Chits Private Limited
Bhagya Ranga Chits has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranga Rao Manne | Managing Director | 18 Feb 2004 | 22 Years 8 Months | Current |
| Dayananda Saraswathi Manne | Director | 18 Apr 2004 | 22 Years 6 Months | Current |
| Srinivasrao Kolli | Director | 30 Sep 2006 | 20 Years 1 Months | Current |
| Devegowda Niranjankumar Also directs: Bikkemane Chits Private Limited | Director | 18 Apr 2004 | 22 Years 6 Months | Current |
Peer comparison
Bhagya Ranga 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 |
|---|---|---|---|---|---|---|
| Link Vinimay Private Limited | ₹24.89 Lakh (FY 2023) | -80.0% | Kolkata, West Bengal, India | |||
| Raimcom Sales Private Ltd | ₹24.88 Lakh (FY 2022) | -78.0% | Chennai, Tamil Nadu, India | |||
| Mab Money Changer Private Limited | ₹24.88 Lakh (FY 2025) | -27.0% | Chennai, Tamil Nadu, India | |||
| Ardent Investment Pvt Ltd | ₹24.87 Lakh (FY 2019) | 510.0% | Ahmedabad, Gujarat, India | |||
| Baig & Shah Chit Fund Private Limited | ₹24.87 Lakh (FY 2021) | -7.0% | Hyderabad, Telangana, India | |||
| Bhagya Ranga Chits Private Limitedthis company | ₹24.87 Lakh (FY 2023) | -₹5.49 Lakh | -22.1% | 12.0% | Davanagere, Karnataka, India | |
| PB Financial Account Aggregators Private Limited | ₹24.84 Lakh (FY 2025) | -21.0% | Gurgaon, Haryana, India | |||
| Radico Distributors Private Limited | ₹24.84 Lakh (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Venad Finances and Business Enterprises Pvt Ltd | ₹24.84 Lakh (FY 2025) | -29.0% | Kollam, Kerala, India | |||
| Surabhi Fincap Private Limited | ₹24.84 Lakh (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Sampark Investor Services Private Limited | ₹24.83 Lakh (FY 2024) | 12.0% | New Delhi, Delhi, India |
To see the full peer comparison of Bhagya Ranga Chits Private Limited, buy the company report.
Auditor
Bhagya Ranga Chits Private Limited is audited by PRADNYA J. SAVUR for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRADNYA J. SAVUR | FY 2017 | 209505 |
Shareholding
The shareholding of Bhagya Ranga 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 Bhagya Ranga Chits Private Limited, buy the company report.
Legal cases
Bhagya Ranga Chits Private Limited has 147 court cases on record: 140 filed by Bhagya Ranga Chits, 7 filed against it. 12 cases are pending and 135 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 143 | 4 | 10 |
| High courts | 4 | 3 | 2 |
Cases on record (5 of 147)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAVANGERE, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, DAVANGERE, Karnataka | Appeal | Filed by the company against Sree Anjaneya Traders Kempanahalli R/By K L Sathish | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Pending |
To see the full case history of Bhagya Ranga 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 Bhagya Ranga Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bhagya Ranga Chits has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCB4593J2Z9 | Karnataka | Active | 01 Aug 2017 |
To see the full GST registrations and return filing status of Bhagya Ranga Chits Private Limited, buy the company report.
Recent activity
Bhagya Ranga Chits Private Limited has 4 board changes on record since 2004: 4 appointments. The latest: Srinivasrao Kolli was appointed as Director on 30 Sep 2006.
Frequently asked questions
Bhagya Ranga Chits is an active private limited company based in Davanagere, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 18 February 2004 (22+ years old) and is registered under CIN U65992KA2004PTC033401.
Bhagya Ranga Chits has 4 current directors:
- Ranga Rao Manne - Managing Director
- Dayananda Saraswathi Manne - Director
- Srinivasrao Kolli - Director
- Devegowda Niranjankumar - Director
The latest financial statements of Bhagya Ranga Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhagya Ranga Chits is 29AACCB4593J2Z9, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Bhagya Ranga Chits is U65992KA2004PTC033401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhagya Ranga Chits has 147 court cases on record: 140 filed by the company and 7 filed against it. 12 are pending. Most are in the district courts.
Bhagya Ranga Chits was incorporated on 18 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Bhagya Ranga Chits by revenue are Link Vinimay Private Limited, Raimcom Sales Private Ltd, Mab Money Changer Private Limited, Ardent Investment Pvt Ltd, Baig & Shah Chit Fund Private Limited and 5 more, all in the same principal business activity (other financial activities).
Srinivasrao Kolli was appointed as Director on 30 Sep 2006. Dayananda Saraswathi Manne was appointed as Director on 18 Apr 2004. Devegowda Niranjankumar was appointed as Director on 18 Apr 2004. Bhagya Ranga Chits has 4 board changes on record in total.
The registered office of Bhagya Ranga Chits is at Satya Sadana II Nd Floor Door No.998 Kuvempu Road Lawyers Street K B Exte, Nsion, Davanagere, Karnataka, India – 577002.
Bhagya Ranga Chits operates in the financial services industry, in the financial activities segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
