Define Chits Private Limited
About Define Chits Private Limited
Data last updated:
Define Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 03 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2012PTC062387. Its GSTIN is 29AAECD5744K1Z9 (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Palasamudram Venkatachalapathi Dwarkanath and Meda Sathyanarayana Dattathreya.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 72 3rd Main Road New Tharagupet, Bangalore, Karnataka, India – 560002.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.11 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹55.98 Lakh (net margin 18%) and EBITDA of ₹1.13 Cr (EBITDA margin 36.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 1% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo. 72 3rd Main Road New Tharagupet, Bangalore, Karnataka, India – 560002
- IndustryFinancial Services, Microfinance Institutions
- 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 Define Chits Private Limited
The main business activity of Define Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance 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 Define Chits Private Limited FY 2025 filings available
Define Chits Private Limited reported revenue of ₹3.11 Cr (up 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Define Chits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 37% growth in the latest year. EBITDA rose 75% 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 Define Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.13 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹55.98 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 of Define Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 18% | •••• | •••• | •••• | •••• |
| 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 Define Chits 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.
Peer Comparison of Define Chits Private Limited
Define Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Senthilnathan Chits Private Limited | ₹3.32 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Tamil Nadu, India |
| Chandra Lakshmi Fraternity Fund Private Limited | ₹3.32 Cr (FY 2022) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Brydal Kuries Private Limited | ₹3.28 Cr (FY 2025) | •••• | •••• | -50.0% | •••• | Thrissur, Kerala, India |
| Think Chits Private Limited | ₹3.22 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Bangalore, Karnataka, India |
| Cordialgramin Development Foundation | ₹3.12 Cr (FY 2025) | •••• | •••• | -66.0% | •••• | Ernakulam, Kerala, India |
| Define Chits Private Limited this company | ₹3.11 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Bangalore, Karnataka, India |
| Sri Narayani Benefit Fund Nidhi Limited | ₹3.11 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Pattukkotai, Tamil Nadu, India |
| Lakvin Chits Private Limited | ₹3.08 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Bangalore, Karnataka, India |
| Verdeus Naturals Private Limited | ₹3.05 Cr (FY 2025) | •••• | •••• | •••• | Mysore, Karnataka, India | |
| Melker Nidhi Limited | ₹3.04 Cr (FY 2022) | •••• | •••• | 4378.0% | •••• | Koduvayur, Kerala, India |
| Kunnamkulam Nidhi Limited | ₹3.03 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Kunnamkulam, Kerala, India |
Peers are the five companies nearest above and the five nearest below Define Chits by revenue in the BFSI industry (Micro Finance), 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 Define Chits Private Limited
Define Chits Private Limited is audited by I S PRASAD & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| I S PRASAD & CO | 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.
Board of Directors of Define Chits Private Limited
Define Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palasamudram Venkatachalapathi Dwarkanath | Director | 03 Feb 2012 | 14 Years 8 Months | Current |
| Meda Sathyanarayana Dattathreya | Director | 03 Feb 2012 | 14 Years 8 Months | Current |
Ownership and Shareholding of Define Chits 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 Define Chits Private Limited
Define Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Define Chits Private Limited
Employment history and EPFO contributions of people linked to Define Chits.
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 Define Chits Private Limited
Define Chits Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Meda Sathyanarayana Dattathreya was appointed as Director on 03 Feb 2012.
Credit Ratings, Litigation & Regulatory Alerts for Define Chits 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 Define Chits 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 Define Chits 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 Define Chits Private Limited
Define Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECD5744K1Z9 | Karnataka | Active | 01 Jul 2017 |
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 Define Chits 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 Define Chits Private Limited
Define Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 03 February 2012 (14+ years old) and is registered under CIN U65992KA2012PTC062387.
Define Chits reported revenue of ₹3.11 Cr for FY 2025 (up 37% YoY).
Define Chits has 2 current directors:
- Palasamudram Venkatachalapathi Dwarkanath - Director
- Meda Sathyanarayana Dattathreya - Director
Define Chits reported a net profit of ₹55.98 Lakh (net margin 18%) and EBITDA of ₹1.13 Cr (EBITDA margin 36.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Define Chits is 24% over three years and 1% over five years. In the latest year (FY 2025) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Define Chits is 29AAECD5744K1Z9, registered in Karnataka.
The CIN (Corporate Identification Number) of Define Chits is U65992KA2012PTC062387. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Define Chits was incorporated on 03 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Define Chits by revenue are Senthilnathan Chits Private Limited, Chandra Lakshmi Fraternity Fund Private Limited, Brydal Kuries Private Limited, Think Chits Private Limited, Cordialgramin Development Foundation and 5 more, all in the BFSI industry (Micro Finance).
Meda Sathyanarayana Dattathreya was appointed as Director on 03 Feb 2012. Palasamudram Venkatachalapathi Dwarkanath was appointed as Director on 03 Feb 2012.
The registered office of Define Chits is at No. 72 3rd Main Road New Tharagupet, Bangalore, Karnataka, India – 560002.