About M R J Chits Private Limited
Data last updated:
M R J Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 24 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2005PTC037034. Its GSTIN is 29AAECM4524A1ZT (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12 Lakh. It is led by directors including Ramaiah Srinivas and Venkataramanappa Munnanju Munnanju.
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 No. 75 Banashankari Marketjumma Masjid Road Avenue Cross Road Bangalore, Karnataka, India – 560002.
As per the financials filed for FY 2025, the company reported a revenue of ₹51.3 Lakh, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹3.11 Lakh (net margin 6.1%) and EBITDA of ₹4.71 Lakh (EBITDA margin 9.2%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
The company is associated with 1 brand: MRJ Chits. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mrjchits.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 75 Banashankari Marketjumma Masjid Road Avenue Cross Road Bangalore, Karnataka, India – 560002
- IndustryFinancial Services, Microfinance Institutions
- 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
Associated Brands with M R J Chits Private Limited
M R J Chits operates one associated brand: MRJ Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chit fund operations and financial services in India. | mrjchits.com |
Business Activity of M R J Chits Private Limited
The main business activity of M R J 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 M R J Chits Private Limited FY 2025 filings available
M R J Chits Private Limited reported revenue of ₹51.3 Lakh (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of M R J Chits Private Limited
Revenue rose 12% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 7% 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 M R J Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.71 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.11 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 of M R J Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.1% | •••• | •••• | •••• | •••• |
| 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 M R J Chits are in the company report.
Financial statements from 2015
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.
Board of Directors of M R J Chits Private Limited
M R J Chits has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaiah Srinivas Also directs: Sri Shakambari Chits Private Limited | Director | 24 Aug 2005 | 21 Years 1 Months | Current |
| Venkataramanappa Munnanju Munnanju Also directs: Sri Shakambari Chits Private Limited | Director | 24 Aug 2005 | 21 Years 1 Months | Current |
| Munnanju Jairaj Also directs: Sri Shakambari Chits Private Limited | Director | 24 Aug 2005 | 21 Years 1 Months | Current |
| Devanga Ramaiah Also directs: Sri Shakambari Chits Private Limited | Director | 24 Aug 2005 | 21 Years 1 Months | Current |
Peer Comparison of M R J Chits Private Limited
M R J Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kothamangalam Nidhi Limited | ₹51.89 Lakh (FY 2024) | •••• | •••• | -27.0% | •••• | Kothamangalam, Kerala, India |
| Trichy Shree Valathi Chit Funds Private Limited | ₹51.79 Lakh (FY 2025) | •••• | •••• | -8.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Na Muthurajaa Chit Funds Private Limited | ₹51.46 Lakh (FY 2025) | •••• | •••• | 52.0% | •••• | Chennai, Tamil Nadu, India |
| Orange City Urban Nidhi Limited | ₹51.3 Lakh (FY 2023) | •••• | •••• | 50.0% | •••• | Saoner, Maharashtra, India |
| Isra Nidhi Limited | ₹51.3 Lakh (FY 2025) | •••• | •••• | 4.0% | •••• | Thrissur, Kerala, India |
| M R J Chits Private Limited this company | ₹51.3 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Bangalore, Karnataka, India |
| Ujala Micro Finance | ₹51.2 Lakh (FY 2025) | •••• | •••• | 101.0% | •••• | Gorakhpur, Uttar Pradesh, India |
| Karappara Chit Funds Private Limited | ₹51 Lakh (FY 2025) | •••• | •••• | 23.0% | •••• | Kottayam, Kerala, India |
| Bhumandala Chits Private Limited | ₹50.63 Lakh (FY 2025) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Kurunji Nidhi Limited | ₹50.62 Lakh (FY 2024) | •••• | •••• | -29.0% | •••• | Nagercoil, Tamil Nadu, India |
| Dhanamjai Nidhi Limited | ₹50.46 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Thiruvananthapuram, Kerala, India |
Peers are the five companies nearest above and the five nearest below M R J Chits by revenue in the BFSI industry (Micro Finance), 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 M R J Chits Private Limited
M R J Chits Private Limited is audited by G S RAO & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G S RAO & CO | 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.
Ownership and Shareholding of M R J 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 M R J Chits Private Limited
M R J Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of M R J Chits Private Limited
M R J Chits Private Limited has 1 court case on record: 1 filed by M R J Chits. All case is disposed. Status as checked on 28 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 at M R J Chits Private Limited
Employment history and EPFO contributions of people linked to M R J 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 M R J Chits Private Limited
M R J Chits Private Limited has 4 board changes on record since 2005: 4 appointments. The latest: Devanga Ramaiah was appointed as Director on 24 Aug 2005.
Credit Ratings, Litigation & Regulatory Alerts for M R J 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 M R J 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 M R J 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 M R J Chits Private Limited
M R J Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM4524A1ZT | Karnataka | Active | 01 Jul 2017 |
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 M R J 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 M R J Chits Private Limited
M R J Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 24 August 2005 (21+ years old) and is registered under CIN U65992KA2005PTC037034.
M R J Chits reported revenue of ₹51.3 Lakh for FY 2025 (up 12% YoY).
M R J Chits has 4 current directors:
- Ramaiah Srinivas - Director
- Venkataramanappa Munnanju Munnanju - Director
- Munnanju Jairaj - Director
- Devanga Ramaiah - Director
M R J Chits reported a net profit of ₹3.11 Lakh (net margin 6.1%) and EBITDA of ₹4.71 Lakh (EBITDA margin 9.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of M R J Chits is 7% over three years and -4% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of M R J Chits is 29AAECM4524A1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of M R J Chits is U65992KA2005PTC037034. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M R J Chits has 1 court case on record: 1 filed by the company.
M R J Chits was incorporated on 24 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of M R J Chits by revenue are Kothamangalam Nidhi Limited, Trichy Shree Valathi Chit Funds Private Limited, Na Muthurajaa Chit Funds Private Limited, Orange City Urban Nidhi Limited, Isra Nidhi Limited and 5 more, all in the BFSI industry (Micro Finance).
Devanga Ramaiah was appointed as Director on 24 Aug 2005. Munnanju Jairaj was appointed as Director on 24 Aug 2005. Ramaiah Srinivas was appointed as Director on 24 Aug 2005. M R J Chits has 4 board changes on record in total.