Karunasagar Chits Private Limited
About Karunasagar Chits Private Limited
Data last updated:
Karunasagar Chits Private Limited is a private limited company based in Tawaragere, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 06 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2015PTC083152.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Amareshappa Sharanappa Ganji and Ravi Devendrappa Gollar.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Ayyana Goud Complex Opp Bus Stand, Tawaragere, Karnataka, India – 584131.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.63 Lakh, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹138 (net margin 0.1%) and EBITDA of ₹7,126 (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 15% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressAyyana Goud Complex Opp Bus Stand, Tawaragere, Karnataka, India – 584131
- IndustryFinancial Services, Financial Activities
- 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 Karunasagar Chits Private Limited
The main business activity of Karunasagar Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Karunasagar Chits Private Limited FY 2021 filings available
Karunasagar Chits Private Limited reported revenue of ₹2.63 Lakh (down 54% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Karunasagar Chits Private Limited
Revenue fell 54% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 90% 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 Karunasagar Chits Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹7,126 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹138 | •••• | •••• | •••• | •••• |
| 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 Karunasagar Chits Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Karunasagar Chits are in the company report.
Financial statements from FY 2016
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 Karunasagar Chits Private Limited
Karunasagar Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Illam Nidhi Limited | ₹2.64 Lakh (FY 2025) | •••• | •••• | -46.0% | •••• | Thrissur, Kerala, India |
| Shree Ratanam Nidhi Limited | ₹2.64 Lakh (FY 2024) | •••• | •••• | -33.0% | •••• | Beawar, Rajasthan, India |
| Puran Jyoti Chits Private Limited | ₹2.64 Lakh (FY 2017) | •••• | •••• | -23.0% | •••• | Bahadurgarh, Haryana, India |
| Shivdhara Property Ventures Private Limited | ₹2.64 Lakh (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Heartwood Financial Services Private Limited | ₹2.63 Lakh (FY 2025) | •••• | •••• | 192.0% | •••• | Mumbai, Maharashtra, India |
| Karunasagar Chits Private Limited this company | ₹2.63 Lakh (FY 2021) | •••• | •••• | -54.0% | •••• | Tawaragere, Karnataka, India |
| Shreeji Vallabh Nidhi Limited | ₹2.63 Lakh (FY 2023) | •••• | •••• | 194.0% | •••• | Mumbai, Maharashtra, India |
| Desotta Chit Fund Private Limited | ₹2.63 Lakh (FY 2025) | •••• | •••• | -78.0% | •••• | Udumalpet, Tamil Nadu, India |
| Carboxy Chemicals Pvt Ltd | ₹2.63 Lakh (FY 2025) | •••• | •••• | -59.0% | •••• | Kolkata, West Bengal, India |
| Juris Finanicalservices Private Limited | ₹2.63 Lakh (FY 2019) | •••• | •••• | -41.0% | •••• | Ludhiana, Punjab, India |
| Classic Nirman Pvt Ltd. | ₹2.63 Lakh (FY 2024) | •••• | •••• | -53.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Karunasagar Chits by revenue in the same principal business activity (Other financial activities), 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 Karunasagar Chits Private Limited
Karunasagar Chits Private Limited is audited by ANUP RATHI for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANUP RATHI | 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 Karunasagar Chits Private Limited
Karunasagar Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amareshappa Sharanappa Ganji | Director | 06 Oct 2015 | 11 Years 0 Months | Current |
| Ravi Devendrappa Gollar | Director | 06 Oct 2015 | 11 Years 0 Months | Current |
Ownership and Shareholding of Karunasagar 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 Karunasagar Chits Private Limited
Karunasagar Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Karunasagar Chits Private Limited
Employment history and EPFO contributions of people linked to Karunasagar 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 Karunasagar Chits Private Limited
Karunasagar Chits Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Amareshappa Sharanappa Ganji was appointed as Director on 06 Oct 2015.
Credit Ratings, Litigation & Regulatory Alerts for Karunasagar 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 Karunasagar 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 Karunasagar 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 Karunasagar Chits Private Limited
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 Karunasagar 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 Karunasagar Chits Private Limited
Karunasagar Chits is an active private limited company based in Tawaragere, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 06 October 2015 (11+ years old) and is registered under CIN U65992KA2015PTC083152.
Karunasagar Chits reported revenue of ₹2.63 Lakh for FY 2021 (down 54% YoY).
Karunasagar Chits has 2 current directors:
- Amareshappa Sharanappa Ganji - Director
- Ravi Devendrappa Gollar - Director
Karunasagar Chits reported a net profit of ₹138 (net margin 0.1%) and EBITDA of ₹7,126 (EBITDA margin 2.7%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Karunasagar Chits is -40% over three years and 15% over five years. In the latest year (FY 2021) revenue fell 54%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Karunasagar Chits is U65992KA2015PTC083152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karunasagar Chits was incorporated on 06 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Karunasagar Chits by revenue are Illam Nidhi Limited, Shree Ratanam Nidhi Limited, Puran Jyoti Chits Private Limited, Shivdhara Property Ventures Private Limited, Heartwood Financial Services Private Limited and 5 more, all in the same principal business activity (Other financial activities).
Amareshappa Sharanappa Ganji was appointed as Director on 06 Oct 2015. Ravi Devendrappa Gollar was appointed as Director on 06 Oct 2015.
The registered office of Karunasagar Chits is at Ayyana Goud Complex Opp Bus Stand, Tawaragere, Karnataka, India – 584131.
Karunasagar Chits has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.