Laxmi Venkatesh Chits Private Limited
About Laxmi Venkatesh Chits Private Limited
Data last updated:
Laxmi Venkatesh Chits Private Limited was a private limited company based in 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 01 September 1998.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1998PTC024153.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.25 Lakh. It was led by directors including Raju Ramappa Sonwalkar and Venkatesh Ramachandrappa Sonwalkar.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Apmc Roadmudalgi Belgaum, Karnataka, India – 591312.
As per the financials filed for FY 2018, the company reported a revenue of ₹55.33 Lakh, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.85 Lakh (net margin 3.3%) and EBITDA of ₹2.12 Lakh (EBITDA margin 3.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
Company details
Contact details
Laxmi Venkatesh Chits Private Limited's registered office is in Karnataka.
- Registered AddressApmc Roadmudalgi Belgaum, Karnataka, India – 591312
- 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
Business activity
The main business activity of Laxmi Venkatesh 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 Laxmi Venkatesh Chits Private Limited, buy the company report.
Financials of Laxmi Venkatesh Chits Private Limited
FY 2018 filings availableLaxmi Venkatesh Chits Private Limited reported revenue of ₹55.33 Lakh (up 19% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 19% growth in the latest year. EBITDA fell 3% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹2.12 Lakh | |||
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| Tax Expense | ||||
| Net Profit (PAT) | ₹1.85 Lakh | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | ||||
| EBITDA Margin | 3.8% | |||
| Net Profit Margin | 3.3% | |||
| Return on Equity (ROE) | ||||
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| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Laxmi Venkatesh Chits Private Limited, buy the company report.
Board of directors of Laxmi Venkatesh Chits Private Limited
Laxmi Venkatesh Chits has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raju Ramappa Sonwalkar | Director | 01 Sep 1998 | 28 Years 1 Months | As last reported |
| Venkatesh Ramachandrappa Sonwalkar | Director | 01 Sep 1998 | 28 Years 1 Months | As last reported |
| Pulakesh Ramangowda Sonawalkar | Director | 30 Oct 2015 | 10 Years 11 Months | As last reported |
| Ravindra Pandappa Sonwalkar | Director | 01 Sep 1998 | 28 Years 1 Months | As last reported |
| Vijay Appasaheb Sonwalkar | Director | 01 Sep 1998 | 28 Years 1 Months | As last reported |
Peer comparison
Laxmi Venkatesh 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 |
|---|---|---|---|---|---|---|
| Har Bhagwan Chits Private Limited | ₹55.49 Lakh (FY 2025) | 30.0% | Tirupur, Tamil Nadu, India | |||
| Jap Securities Pvt. Ltd. | ₹55.46 Lakh (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Great Balaji Chit Fund Private Limited | ₹55.45 Lakh (FY 2021) | -32.0% | Faridabad, Haryana, India | |||
| Global Compliance Private Limited | ₹55.4 Lakh (FY 2020) | -30.0% | Kanpur, Uttar Pradesh, India | |||
| Subh Prabhat Multi Projects Ltd | ₹55.38 Lakh (FY 2025) | -94.0% | Delhi, India | |||
| Laxmi Venkatesh Chits Private Limitedthis company | ₹55.33 Lakh (FY 2018) | ₹1.85 Lakh | 3.3% | 19.0% | Karnataka, India | |
| Star Laser Offset Private Limited | ₹55.31 Lakh (FY 2025) | -26.0% | Kolkata, West Bengal, India | |||
| Maxpro Nidhi Limited | ₹55.26 Lakh (FY 2025) | 27.0% | Palakkad, Kerala, India | |||
| Shresth Enterprises Pvt.Ltd. | ₹55.26 Lakh (FY 2024) | -59.0% | Kolkata, West Bengal, India | |||
| Unicus Fintech Solutions Private Limited | ₹55.26 Lakh (FY 2024) | 55.0% | Mohammadwad, Maharashtra, India | |||
| Varun Software Private Limited | ₹55.25 Lakh (FY 2025) | 43.0% | New Delhi, Delhi, India |
To see the full peer comparison of Laxmi Venkatesh Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Laxmi Venkatesh 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 Laxmi Venkatesh 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 Laxmi Venkatesh Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Laxmi Venkatesh Chits Private Limited has 7 board changes on record since 1998: 5 appointments and 2 cessations. The latest: Pulakesh Ramangowda Sonawalkar ceased to be Additional Director on 30 Sep 2016.
Frequently asked questions
Laxmi Venkatesh 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.
Laxmi Venkatesh Chits was a private limited company based in Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 01 September 1998 and is registered under CIN U65992KA1998PTC024153. The company has been struck off by the Registrar of Companies and is no longer operational.
Laxmi Venkatesh Chits had 5 directors:
- Raju Ramappa Sonwalkar - Director
- Venkatesh Ramachandrappa Sonwalkar - Director
- Pulakesh Ramangowda Sonawalkar - Director
- Ravindra Pandappa Sonwalkar - Director
- Vijay Appasaheb Sonwalkar - Director
The CIN (Corporate Identification Number) of Laxmi Venkatesh Chits is U65992KA1998PTC024153. 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 Laxmi Venkatesh Chits is at Apmc Roadmudalgi Belgaum, Karnataka, India – 591312.
Laxmi Venkatesh Chits was incorporated on 01 September 1998. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Laxmi Venkatesh Chits on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
Laxmi Venkatesh 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 Laxmi Venkatesh Chits by revenue are Har Bhagwan Chits Private Limited, Jap Securities Pvt. Ltd, Great Balaji Chit Fund Private Limited, Global Compliance Private Limited, Subh Prabhat Multi Projects Ltd and 5 more, all in the same principal business activity (other financial activities).
Pulakesh Ramangowda Sonawalkar ceased to be Additional Director on 30 Sep 2016. Pulakesh Ramangowda Sonawalkar was appointed as Director on 30 Oct 2015. Vijay Appasaheb Sonwalkar ceased to be Managing Director on 30 Oct 2015. Laxmi Venkatesh Chits has 7 board changes on record in total.
The compliance status of Laxmi Venkatesh Chits is active non-compliant as of 16 July 2026.