Magadum Chit Funds Private Limited
About Magadum Chit Funds Private Limited
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Magadum Chit Funds Private Limited is a private limited company based in Hukeri, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 25 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2004PTC033630. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Mahesh Kadappa Magadum and Kadappa Basavanni Magadum.
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 Hukeri, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.79 Lakh, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹2.66 Lakh (net margin 9.2%) and EBITDA of ₹4.01 Lakh (EBITDA margin 13.9%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 10% over five years.
Court records list 166 cases involving the company, including 146 filed by the company and 20 filed against it; 22 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Magadum Chit Funds Private Limited's registered office is in Hukeri, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHouse No. 1234, Magadum Farm House, Hukeri, Karnataka, India – 591340
- IndustryFinancial Services, Financial Activities
To see the full contact details of Magadum 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 Magadum 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 Magadum Chit Funds Private Limited, buy the company report.
Financials of Magadum Chit Funds Private Limited
FY 2025 filings availableMagadum Chit Funds Private Limited reported revenue of ₹28.79 Lakh (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 30% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 43% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.01 Lakh | ||||
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| Net Profit (PAT) | ₹2.66 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 13.9% | ||||
| Net Profit Margin | 9.2% | ||||
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To see the full financial statements and ratios of Magadum Chit Funds Private Limited, buy the company report.
Board of directors of Magadum Chit Funds Private Limited
Magadum Chit Funds has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kadappa Basavanni Magadum | Additional Director | 01 Oct 2025 | 1 Years 0 Months | Current |
| Mahesh Kadappa Magadum | Director | 23 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
Magadum Chit Funds Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Swapna Mithra Chit Funds Private Limited | ₹29.56 Lakh (FY 2019) | 29.0% | Narsi, Maharashtra, India | |||
| Mangaldayak Chit Funds Pvt Ltd | ₹29.09 Lakh (FY 2021) | -43.0% | Hyderabad, Telangana, India | |||
| Mallemala Chit Funds Private Limited | ₹28.95 Lakh (FY 2023) | 141.0% | Suryapet, Telangana, India | |||
| Transport City Chit Funds Private Limited | ₹28.85 Lakh (FY 2025) | 411.0% | Namakkal, Tamil Nadu, India | |||
| Magadum Chit Funds Private Limitedthis company | ₹28.79 Lakh (FY 2025) | ₹2.66 Lakh | 9.2% | 30.0% | Hukeri, Karnataka, India | |
| Chennai Royal Chit Funds Private Limited | ₹28.66 Lakh (FY 2024) | -4.0% | Chennai, Tamil Nadu, India | |||
| Tiruchy Sri Vinayaka Chit Funds Private Limited | ₹28.5 Lakh (FY 2021) | -58.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Shri Guhan Chit Funds Private Limited | ₹28.4 Lakh (FY 2023) | -32.0% | Tirukoilur, Tamil Nadu, India | |||
| Kodada Chit Funds Private Limited | ₹28.35 Lakh (FY 2024) | -31.0% | Kodad, Telangana, India |
To see the full peer comparison of Magadum Chit Funds Private Limited, buy the company report.
Auditor
Magadum Chit Funds Private Limited is audited by Ms. Sateesh Nadagouda & Co. Chartered Accountants for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ms. Sateesh Nadagouda & Co. Chartered Accountants | FY 2017 | 210927 |
Shareholding
The shareholding of Magadum Chit Funds 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 Magadum Chit Funds Private Limited, buy the company report.
Legal cases
Magadum Chit Funds Private Limited has 166 court cases on record: 146 filed by Magadum Chit Funds, 20 filed against it. 22 cases are pending and 144 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 158 | 17 | 17 |
| High courts | 8 | 3 | 5 |
Cases on record (5 of 166)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against M/S Bharat Automobiles Prop Khalil Mohammedyusuf Malik | Pending |
| District court, BELAGAVI, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Pending |
To see the full case history of Magadum Chit Funds Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Magadum Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Magadum Chit Funds 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 Magadum Chit Funds Private Limited, buy the company report.
Recent activity
Magadum Chit Funds Private Limited has 11 board changes on record since 2011: 3 appointments and 8 cessations. The latest: Kadappa Basavanni Magadum was appointed as Additional Director on 01 Oct 2025.
2 earlier events are in the company report.
Frequently asked questions
Magadum Chit Funds is an active private limited company based in Hukeri, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 25 March 2004 (22+ years old) and is registered under CIN U65992KA2004PTC033630.
Magadum Chit Funds has 2 current directors:
- Kadappa Basavanni Magadum - Additional Director
- Mahesh Kadappa Magadum - Director
The latest financial statements of Magadum Chit Funds on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Magadum Chit Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Magadum Chit Funds is U65992KA2004PTC033630. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Magadum Chit Funds has 166 court cases on record: 146 filed by the company and 20 filed against it. 22 are pending. Most are in the district courts.
Magadum Chit Funds was incorporated on 25 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Magadum Chit Funds by revenue are Swapna Mithra Chit Funds Private Limited, Mangaldayak Chit Funds Pvt Ltd, Mallemala Chit Funds Private Limited, Transport City Chit Funds Private Limited, Chennai Royal Chit Funds Private Limited and 3 more, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Kadappa Basavanni Magadum was appointed as Additional Director on 01 Oct 2025. Mallappa Sidram Angadi ceased to be Director on 01 Oct 2025. Mahesh Kadappa Magadum ceased to be Additional Director on 30 Sep 2018. Magadum Chit Funds has 11 board changes on record in total.
The registered office of Magadum Chit Funds is at House No. 1234, Magadum Farm House, Hukeri, Karnataka, India – 591340.
Magadum Chit Funds operates in the financial services industry, in the financial activities segment.