Laxmivasavi Chit Funds Private Limited
About Laxmivasavi Chit Funds Private Limited
Data last updated:
Laxmivasavi Chit Funds Private Limited is a private limited company based in Shadnagar, Telangana, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 30 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2012PTC083890. Its GSTIN is 36AACCL6118P1Z4 (Telangana).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹21 Lakh. It is led by directors Ramesh Bandari and Bharadwaj Bandari.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 2 – 177 Padmavathi Colony Shad Nagar, Shadnagar, Telangana, India – 509216.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.71 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹25,660 (net margin -5.4%) and EBITDA of -₹20,180 (EBITDA margin -4.3%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Laxmivasavi Chit Funds has one previous CIN (Corporate Identification Number): U65992AP2012PTC083890. The current CIN is U65992TG2012PTC083890, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG2012PTC083890 | Current |
| U65992AP2012PTC083890 | Previous |
Contact details
Laxmivasavi Chit Funds Private Limited's registered office is in Shadnagar, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 2 – 177 Padmavathi Colony Shad Nagar, Shadnagar, Telangana, India – 509216
- IndustryFinancial Services, Financial Activities
To see the full contact details of Laxmivasavi Chit Funds 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 Laxmivasavi Chit Funds 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 Laxmivasavi Chit Funds Private Limited, buy the company report.
Financials of Laxmivasavi Chit Funds Private Limited
FY 2024 filings availableLaxmivasavi Chit Funds Private Limited reported revenue of ₹4.71 Lakh (down 90% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over three years, including a 90% fall in the latest year. EBITDA fell 104% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹20,180 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹25,660 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.3% | ||||
| Net Profit Margin | -5.4% | ||||
| 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 Laxmivasavi Chit Funds Private Limited, buy the company report.
Board of directors of Laxmivasavi Chit Funds Private Limited
Laxmivasavi Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Bandari | Director | 30 Oct 2012 | 13 Years 11 Months | Current |
| Bharadwaj Bandari | Director | 30 Oct 2012 | 13 Years 11 Months | Current |
Peer comparison
Laxmivasavi Chit Funds Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Chit Funds), with 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 |
|---|---|---|---|---|---|---|
| Schchara Chit Funds Private Limited | ₹4.87 Lakh (FY 2022) | 15.0% | Davanagere, Karnataka, India | |||
| The Trading and Chit Funds Company Limited | ₹4.72 Lakh (FY 2017) | 21.0% | Ernakulam, Kerala, India | |||
| Laxmivasavi Chit Funds Private Limitedthis company | ₹4.71 Lakh (FY 2024) | -₹25,660 | -5.4% | -90.0% | Shadnagar, Telangana, India | |
| Srivynika Chit Funds Private Limited | ₹4.68 Lakh (FY 2022) | 11.0% | Karimnagar, Telangana, India | |||
| Niya Chit Funds Private Limited | ₹4.67 Lakh (FY 2023) | -19.0% | Mancherial, Telangana, India | |||
| Shri Dhanalakshmi Chit Funds (Cbe) (TN) Private Limited | ₹4.61 Lakh (FY 2022) | -68.0% | Mettupalayam, Tamil Nadu, India | |||
| Sri Lakshmi Murugan Chit Funds Private Limited | ₹4.56 Lakh (FY 2024) | 7.0% | Melagaram, Tamil Nadu, India |
To see the full peer comparison of Laxmivasavi Chit Funds Private Limited, buy the company report.
Auditor
Laxmivasavi Chit Funds Private Limited is audited by ADINARAYANA & RAO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADINARAYANA & RAO | FY 2017 | 017459S |
Shareholding
The shareholding of Laxmivasavi Chit Funds Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Laxmivasavi Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Laxmivasavi Chit Funds 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 Laxmivasavi Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Laxmivasavi Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCL6118P1Z4 | Telangana | Active | 16 Dec 2021 |
To see the full GST registrations and return filing status of Laxmivasavi Chit Funds Private Limited, buy the company report.
Recent activity
Laxmivasavi Chit Funds Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Bharadwaj Bandari was appointed as Director on 30 Oct 2012.
Frequently asked questions
Laxmivasavi Chit Funds is an active private limited company based in Shadnagar, Telangana, India. The company works in financial activities, within the financial services industry. It was incorporated on 30 October 2012 (14+ years old) and is registered under CIN U65992TG2012PTC083890.
Laxmivasavi Chit Funds has 2 current directors:
- Ramesh Bandari - Director
- Bharadwaj Bandari - Director
The latest financial statements of Laxmivasavi Chit Funds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Laxmivasavi Chit Funds is 36AACCL6118P1Z4, registered in Telangana.
The CIN (Corporate Identification Number) of Laxmivasavi Chit Funds is U65992TG2012PTC083890. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Laxmivasavi Chit Funds was incorporated on 30 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Laxmivasavi Chit Funds by revenue are Schchara Chit Funds Private Limited, The Trading and Chit Funds Company Limited, Srivynika Chit Funds Private Limited, Niya Chit Funds Private Limited, Shri Dhanalakshmi Chit Funds (Cbe) (TN) Private Limited and 1 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Bharadwaj Bandari was appointed as Director on 30 Oct 2012. Ramesh Bandari was appointed as Director on 30 Oct 2012.
The registered office of Laxmivasavi Chit Funds is at No. 2 – 177 Padmavathi Colony Shad Nagar, Shadnagar, Telangana, India – 509216.
Laxmivasavi Chit Funds operates in the financial services industry, in the financial activities segment.
The compliance status of Laxmivasavi Chit Funds is compliant as of 31 July 2026. The company is actively filing with the Registrar of Companies.