Kanakalakshmi Chits Private Limited
About Kanakalakshmi Chits Private Limited
Data last updated:
Kanakalakshmi Chits Private Limited was a private limited company based in Bengaluru, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 27 December 2010.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2010PTC056360. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.5 Lakh. It was led by directors Keshavamurthy Berenakere Javaregowda and Prakash Mudalagiri Gowda.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at # 2 Kuteer'S Arcade Near Indian Bank 17th 'A' Main 6th Block Koramangala, Bengaluru, Karnataka, India – 560095.
As per the financials filed for FY 2017, the company reported a revenue of ₹3.6 Lakh, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹2.18 Lakh (net margin -60.6%) and EBITDA of -₹2.12 Lakh (EBITDA margin -59%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
Company details
Contact details
Kanakalakshmi Chits Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 2 Kuteer'S Arcade Near Indian Bank 17th 'A' Main 6th Block Koramangala, Bengaluru, Karnataka, India – 560095
- IndustryFinancial Services, Financial Activities
To see the full contact details of Kanakalakshmi 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 Kanakalakshmi 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 Kanakalakshmi Chits Private Limited, buy the company report.
Financials of Kanakalakshmi Chits Private Limited
FY 2017 filings availableKanakalakshmi Chits Private Limited reported revenue of ₹3.6 Lakh (up 26% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 26% growth in the latest year. EBITDA rose 24% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹3.6 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.12 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹2.18 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -59% | ||
| Net Profit Margin | -60.6% | ||
| 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 Kanakalakshmi Chits Private Limited, buy the company report.
Board of directors of Kanakalakshmi Chits Private Limited
Kanakalakshmi Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keshavamurthy Berenakere Javaregowda Also directs: Daaman Electricals and Engineering Private Limited | Director | 27 Dec 2010 | 15 Years 10 Months | As last reported |
| Prakash Mudalagiri Gowda | Director | 27 Dec 2010 | 15 Years 10 Months | As last reported |
Peer comparison
Kanakalakshmi 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 |
|---|---|---|---|---|---|---|
| Karithala Chits Private Limited | ₹3.61 Lakh (FY 2020) | -54.0% | Ernakulam, Kerala, India | |||
| Jaimarthwada Nakshhtra Nidhi Limited | ₹3.61 Lakh (FY 2022) | 13.0% | Jalna, Maharashtra, India | |||
| Achal Chits Private Limited | ₹3.61 Lakh (FY 2025) | -56.0% | Delhi, India | |||
| SMCF India Nidhi Limited | ₹3.6 Lakh (FY 2021) | -12.0% | Sikar, Rajasthan, India | |||
| G.L. Finance Pvt Ltd | ₹3.6 Lakh (FY 2022) | 1.0% | Kolkata, West Bengal, India | |||
| Kanakalakshmi Chits Private Limitedthis company | ₹3.6 Lakh (FY 2017) | -₹2.18 Lakh | -60.6% | 26.0% | Bengaluru, Karnataka, India | |
| Yeldey Valuserv Private Limited | ₹3.6 Lakh (FY 2021) | -29.0% | Navi Mumbai, Maharashtra, India | |||
| Janasuraksha Micro Service Foundation | ₹3.6 Lakh (FY 2025) | 507.0% | Mahishbathan, West Bengal, India | |||
| Selva Ganesa Chits Private Limited | ₹3.6 Lakh (FY 2015) | -27.0% | Madurai, Tamil Nadu, India | |||
| Kartavya Mercantile Private Limited | ₹3.6 Lakh (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Eyeball Finance & Management Consultants Private Limited | ₹3.6 Lakh (FY 2020) | 1072.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Kanakalakshmi Chits Private Limited, buy the company report.
Auditor
Kanakalakshmi Chits Private Limited is audited by RSS& COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RSS& COMPANY | FY 2017 | 010957S |
Shareholding
The shareholding of Kanakalakshmi Chits Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Kanakalakshmi Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Kanakalakshmi 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 Kanakalakshmi Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Kanakalakshmi 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 Kanakalakshmi Chits Private Limited, buy the company report.
Recent activity
Kanakalakshmi Chits Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Keshavamurthy Berenakere Javaregowda was appointed as Director on 27 Dec 2010.
Frequently asked questions
Kanakalakshmi Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Kanakalakshmi Chits was a private limited company based in Bengaluru, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 27 December 2010 and is registered under CIN U65992KA2010PTC056360. The company has been struck off by the Registrar of Companies and is no longer operational.
Kanakalakshmi Chits had 2 directors:
- Keshavamurthy Berenakere Javaregowda - Director
- Prakash Mudalagiri Gowda - Director
The CIN (Corporate Identification Number) of Kanakalakshmi Chits is U65992KA2010PTC056360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Kanakalakshmi Chits is at # 2 KuteerS Arcade Near Indian Bank 17th A Main 6th Block Koramangala, Bengaluru, Karnataka, India – 560095.
Kanakalakshmi Chits was incorporated on 27 December 2010. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Kanakalakshmi Chits on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Kanakalakshmi Chits has 1 GST registration on record and it is cancelled or inactive.
Kanakalakshmi Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Kanakalakshmi Chits by revenue are Karithala Chits Private Limited, Jaimarthwada Nakshhtra Nidhi Limited, Achal Chits Private Limited, SMCF India Nidhi Limited, G.L. Finance Pvt Ltd and 5 more, all in the same principal business activity (other financial activities).
Keshavamurthy Berenakere Javaregowda was appointed as Director on 27 Dec 2010. Prakash Mudalagiri Gowda was appointed as Director on 27 Dec 2010.
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.
