Gadag Chits Private Limited
About Gadag Chits Private Limited
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Gadag Chits Private Limited is a private limited company based in Gadag, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 02 February 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1998PTC023339. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹24.99 Lakh and a paid-up capital of ₹18.04 Lakh. It is led by directors including Lalita Hanumantrao Kulkarni (Managing Director) and Geeta Vithal Kulkarni.
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 Vivekanand Road Behind Prasad Nursing Home, Gadag, Karnataka, India – 582101.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.82 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.24 Lakh (net margin 6.3%) and EBITDA of ₹1.48 Lakh (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 151% over five years.
Court records list 17 cases involving the company, including 16 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Gadag Chits Private Limited's registered office is in Gadag, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressVivekanand Road Behind Prasad Nursing Home, Gadag, Karnataka, India – 582101
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Gadag 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 Gadag Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Gadag Chits Private Limited, buy the company report.
Financials of Gadag Chits Private Limited
FY 2025 filings availableGadag Chits Private Limited reported revenue of ₹19.82 Lakh (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 151% over five years, including 8% growth in the latest year. EBITDA rose 48% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.48 Lakh | ||||
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| Net Profit (PAT) | ₹1.24 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 7.5% | ||||
| Net Profit Margin | 6.3% | ||||
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To see the full financial statements and ratios of Gadag Chits Private Limited, buy the company report.
Board of directors of Gadag Chits Private Limited
Gadag Chits has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geeta Vithal Kulkarni | Director | 07 May 2005 | 21 Years 5 Months | Current |
| Vandana Kulkarni Ramesh | Director | 31 Jul 2023 | 3 Years 2 Months | Current |
| Ravindra Dattataraya Vernekar Also directs: Pranavima Insurance Broking Services Private Limited | Director | 01 Nov 1999 | 26 Years 11 Months | Current |
| Lalita Hanumantrao Kulkarni Also directs: Niraalambha Hotels and Ventures Private Limited, Veeranarayana Chits Private Limited, Sri Lalitamba Nidhi Limited and 1 more | Managing Director | 02 Feb 1998 | 28 Years 8 Months | Current |
Auditor
Gadag Chits Private Limited is audited by BENNUR NAGARAJA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BENNUR NAGARAJA & CO | FY 2020 | 000419S |
Shareholding
The shareholding of Gadag Chits Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Gadag Chits Private Limited, buy the company report.
Legal cases
Gadag Chits Private Limited has 17 court cases on record: 16 filed by Gadag Chits, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GADAG, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, GADAG, Karnataka | Court case (Ex.C) | Filed by the company against an individual | Disposed |
| District court, GADAG, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
| District court, GADAG, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, GADAG, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Gadag 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 Gadag Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gadag Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Gadag Chits Private Limited, buy the company report.
Recent activity
Gadag Chits Private Limited has 6 board changes on record since 1998: 4 appointments and 2 cessations. The latest: Vandana Kulkarni Ramesh was appointed as Director on 31 Jul 2023.
Frequently asked questions
Gadag Chits is an active private limited company based in Gadag, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 02 February 1998 (28+ years old) and is registered under CIN U65992KA1998PTC023339.
Gadag Chits has 4 current directors:
- Lalita Hanumantrao Kulkarni - Managing Director
- Geeta Vithal Kulkarni - Director
- Vandana Kulkarni Ramesh - Director
- Ravindra Dattataraya Vernekar - Director
The latest financial statements of Gadag Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Gadag Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Gadag Chits is U65992KA1998PTC023339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gadag Chits has 17 court cases on record: 16 filed by the company and 1 filed against it. Most are in the district courts.
Gadag Chits was incorporated on 02 February 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
Vandana Kulkarni Ramesh was appointed as Director on 31 Jul 2023. Hanumantrao Mahadevrao Kulkarni ceased to be Managing Director on 13 Jan 2021. Lalita Hanumantrao Kulkarni ceased to be Director on 13 Jan 2021. Gadag Chits has 6 board changes on record in total.
The registered office of Gadag Chits is at Vivekanand Road Behind Prasad Nursing Home, Gadag, Karnataka, India – 582101.
Gadag Chits operates in the financial services industry, in the diversified financial services segment.