DRML Chits Private Limited
About DRML Chits Private Limited
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DRML Chits Private Limited is a private limited company based in Jamkhandi, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 28 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2018PTC117042.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ramachandra Ravindra Tharathari and Chetan Gouravva Taratari.
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 House No – 3890 Ward No – 31 L I C Colony Behind L I C Office At Post Jamkhandi, Karnataka, India – 587301.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.59 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹23,841 (net margin 5.2%) and EBITDA of ₹25,056 (EBITDA margin 5.5%).
Company details
Contact details
DRML Chits Private Limited's registered office is in Jamkhandi, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressHouse No – 3890 Ward No – 31 L I C Colony Behind L I C Office At Post Jamkhandi, Karnataka, India – 587301
- IndustryFinancial Services, Other Financial Intermediation, Kuri Companies, Chit Fund
To see the full contact details of DRML 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 DRML 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 DRML Chits Private Limited, buy the company report.
Financials of DRML Chits Private Limited
FY 2023 filings availableDRML Chits Private Limited reported revenue of ₹4.59 Lakh (up 186% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 186% in the latest year. EBITDA rose 166% 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 |
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| EBITDA | ₹25,056 | ||||
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| Net Profit (PAT) | ₹23,841 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 5.2% | ||||
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To see the full financial statements and ratios of DRML Chits Private Limited, buy the company report.
Board of directors of DRML Chits Private Limited
DRML Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramachandra Ravindra Tharathari | Director | 28 Sep 2018 | 8 Years 1 Months | Current |
| Chetan Gouravva Taratari | Director | 15 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
DRML Chits Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Primo Financial Services Private Limited | ₹4.61 Lakh (FY 2022) | Secunderabad, Telangana, India | ||||
| Iris Commercial Pvt Ltd | ₹4.61 Lakh (FY 2025) | -3.0% | Kolkata, West Bengal, India | |||
| Ashoka Housing Development Private Limited | ₹4.61 Lakh (FY 2023) | 29.0% | Mumbai, Maharashtra, India | |||
| Inovatiq Technologies (OPC) Private Limited | ₹4.6 Lakh (FY 2025) | -53.0% | New Delhi, Delhi, India | |||
| Mehtani Holdings Pvt Ltd | ₹4.59 Lakh (FY 2025) | -28.0% | Chandigarh, India | |||
| DRML Chits Private Limitedthis company | ₹4.59 Lakh (FY 2023) | ₹23,841 | 5.2% | 186.0% | Jamkhandi, Karnataka, India | |
| Ascend Capital Resources Private Limited | ₹4.59 Lakh (FY 2024) | 50.0% | Ahmedabad, Gujarat, India | |||
| Scaleupfincap Private Limited | ₹4.59 Lakh (FY 2024) | Indore, Madhya Pradesh, India | ||||
| Niradeepam Chits Private Limited | ₹4.59 Lakh (FY 2017) | 392.0% | Thrissur, Kerala, India | |||
| Bijapur Mahalaxmi Chits Private Limited | ₹4.59 Lakh (FY 2022) | -13.0% | Vijayapur, Karnataka, India |
To see the full peer comparison of DRML Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving DRML Chits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for DRML Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for DRML Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
DRML Chits Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Hanamant Padmanna Dareppanavar ceased to be Director on 09 Apr 2021.
Frequently asked questions
DRML Chits is an active private limited company based in Jamkhandi, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 28 September 2018 (8+ years old) and is registered under CIN U65992KA2018PTC117042.
DRML Chits has 2 current directors:
- Ramachandra Ravindra Tharathari - Director
- Chetan Gouravva Taratari - Director
The latest financial statements of DRML 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 FY 2019 are in the company report.
The CIN (Corporate Identification Number) of DRML Chits is U65992KA2018PTC117042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
DRML Chits was incorporated on 28 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of DRML Chits by revenue are Primo Financial Services Private Limited, Iris Commercial Pvt Ltd, Ashoka Housing Development Private Limited, Inovatiq Technologies (OPC) Private Limited, Mehtani Holdings Pvt Ltd and 4 more, all in the same principal business activity (other financial activities).
Hanamant Padmanna Dareppanavar ceased to be Director on 09 Apr 2021. Chetan Gouravva Taratari was appointed as Director on 15 Mar 2021. Hanamant Padmanna Dareppanavar was appointed as Director on 28 Sep 2018. DRML Chits has 4 board changes on record in total.
The registered office of DRML Chits is at House No – 3890 Ward No – 31 L I C Colony Behind L I C Office At Post Jamkhandi, Karnataka, India – 587301.
DRML Chits operates in the financial services industry, in the other financial intermediation segment.
DRML Chits can be reached at its registered office: House No – 3890 Ward No – 31 L I C Colony Behind L I C Office At Post Jamkhandi, Karnataka, India – 587301.
DRML Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.
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