Gadag Chits Private Limited
About Gadag Chits Private Limited
Data last updated:
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 The company has 1 GST registration on record, which is no longer active.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.
- EmailLocked
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- Social MediaLocked
- Registered AddressVivekanand Road Behind Prasad Nursing Home, Gadag, Karnataka, India – 582101
- IndustryFinancial Services, Diversified Financial Services
- 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
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 | 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
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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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 | ₹1.48 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹1.24 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 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 7.5% | |
| Net Profit Margin | 6.3% | |
| 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, and every line for FY 2020-21 to FY 2023-24, 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 Gadag Chits are in the company report.
: available in 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 Details
Gadag Chits Private Limited is audited by BENNUR NAGARAJA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BENNUR NAGARAJA & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Gadag Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
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 |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Gadag Chits.
: available in 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.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
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.
: available in the company report
MCA Filings & Documents
: available in the company report
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.