About Margadarsi Chits (Karnataka) Private Limited
Data last updated:
Margadarsi Chits (Karnataka) Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Margadarsi Chit Fund Private Limited. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 22 March 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2001PTC028802. Its GSTIN is 29AACCM6599B1Z6 (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Palavalasa Lakshmanarao and Sailaja Cherukuri.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹176.98 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹77.02 Cr (net margin 43.5%) and EBITDA of ₹107.87 Cr (EBITDA margin 60.9%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 19% over five years.
The company has about 685 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Margadarsi Chit Fund. Court records list 735 cases involving the company, including 701 filed by the company and 34 filed against it; 212 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website margadarsi.com.
Company details
Contact details
Margadarsi Chits (Karnataka) Private Limited's registered office is in Bangalore, Karnataka. Its website is margadarsi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlotno 212 3rd Floor, Gateno 9 Of Palace Grounds, Bangalore, Karnataka, India – 560080
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Margadarsi Chits (Karnataka) 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
Brands
Margadarsi Chits (Karnataka) operates one associated brand: Margadarsi Chit Fund. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as a cooperative lending company providing financial services. | margadarsi.com |
Business activity
The main business activity of Margadarsi Chits (Karnataka) 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 Margadarsi Chits (Karnataka) Private Limited, buy the company report.
Financials of Margadarsi Chits (Karnataka) Private Limited
FY 2025 filings availableMargadarsi Chits (Karnataka) Private Limited reported revenue of ₹176.98 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 12% growth in the latest year. EBITDA rose 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
| 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 | ₹107.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹77.02 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 60.9% | ||||
| Net Profit Margin | 43.5% | ||||
| 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 Margadarsi Chits (Karnataka) Private Limited, buy the company report.
Board of directors of Margadarsi Chits (Karnataka) Private Limited
Margadarsi Chits (Karnataka) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palavalasa Lakshmanarao | Director | 01 Dec 2020 | 5 Years 11 Months | Current |
| Sailaja Cherukuri Also directs: Ushodaya Enterprises Private Limited, Om Spiritual City, Margadarsi Marketing Pvt Ltd and 5 more | Director | 22 Mar 2001 | 25 Years 7 Months | Current |
| Kiron Cherukuri Also directs: Ushodaya Enterprises Private Limited, Om Spiritual City, Dolphin Hotels Private Limited and 5 more | Additional Director | 03 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Margadarsi Chits (Karnataka) Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| Cashpor Micro Credit | ₹546.96 Cr (FY 2022) | 28.0% | Varanasi, Uttar Pradesh, India | |||
| Shriram Chits (India) Private Limited | ₹455.5 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India | |||
| New Opportunity Consultancy Private Limited | ₹286.44 Cr (FY 2025) | 3.0% | Navi Mumbai, Maharashtra, India | |||
| Kapil Chits (Hyderabad) Private Limited | ₹244.22 Cr (FY 2025) | 33.0% | Hyderabad, Telangana, India | |||
| Shriram Chits Pvt Ltd | ₹191.24 Cr (FY 2020) | -24.0% | Telangana, India | |||
| Margadarsi Chits (Karnataka) Private Limitedthis company | ₹176.98 Cr (FY 2025) | ₹77.02 Cr | 43.5% | 12.0% | 685 | Bangalore, Karnataka, India |
| Repco Micro Finance Limited | ₹162.49 Cr (FY 2022) | -8.0% | Chennai, Tamil Nadu, India | |||
| Future Financial Servicess Private Limited | ₹152.55 Cr (FY 2016) | 116.0% | Bengaluru, Karnataka, India | |||
| Mini Muthoottu Nidhi Kerala Limited | ₹146.79 Cr (FY 2024) | 0.0% | Pathanamthitta, Kerala, India | |||
| Jayapriya Chit Funds Private Limited | ₹106.41 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India | |||
| Shriram Chits Tamilnadu Private Limited | ₹105.5 Cr (FY 2020) | -2.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Margadarsi Chits (Karnataka) Private Limited, buy the company report.
Auditor
Margadarsi Chits (Karnataka) Private Limited is audited by BRAHMAYYA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRAHMAYYA & CO | FY 2022 | 000513S |
Shareholding
The shareholding of Margadarsi Chits (Karnataka) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Margadarsi Chits (Karnataka) Private Limited, buy the company report.
Legal cases
Margadarsi Chits (Karnataka) Private Limited has 735 court cases on record: 701 filed by Margadarsi Chits (Karnataka), 34 filed against it. 212 cases are pending and 523 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 711 | 15 | 205 |
| High courts | 24 | 19 | 7 |
Cases on record (5 of 735)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Margadarsi Chits (Karnataka) 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 Margadarsi Chits (Karnataka) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Margadarsi Chits (Karnataka) Private Limited has a workforce of 685 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Margadarsi Chits (Karnataka) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM6599B1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Margadarsi Chits (Karnataka) Private Limited, buy the company report.
Recent activity
Margadarsi Chits (Karnataka) Private Limited has 5 board changes on record since 2001: 3 appointments and 2 cessations. The latest: Kiron Cherukuri was appointed as Additional Director on 03 Dec 2024.
Frequently asked questions
Margadarsi Chits (Karnataka) 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 22 March 2001 (25+ years old) and is registered under CIN U65992KA2001PTC028802.
Margadarsi Chits (Karnataka) has 3 current directors:
- Palavalasa Lakshmanarao - Director
- Sailaja Cherukuri - Director
- Kiron Cherukuri - Additional Director
The latest financial statements of Margadarsi Chits (Karnataka) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Margadarsi Chits (Karnataka) is 29AACCM6599B1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Margadarsi Chits (Karnataka) is U65992KA2001PTC028802. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Margadarsi Chits (Karnataka) has 735 court cases on record: 701 filed by the company and 34 filed against it. 212 are pending. Most are in the district courts.
Margadarsi Chits (Karnataka) was incorporated on 22 March 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Margadarsi Chits (Karnataka) by revenue are Cashpor Micro Credit, Shriram Chits (India) Private Limited, New Opportunity Consultancy Private Limited, Kapil Chits (Hyderabad) Private Limited, Shriram Chits Pvt Ltd and 5 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Kiron Cherukuri was appointed as Additional Director on 03 Dec 2024. Ramoji Rao ceased to be Director on 20 Mar 2024. Palavalasa Lakshmanarao ceased to be Additional Director on 31 Dec 2020. Margadarsi Chits (Karnataka) has 5 board changes on record in total.
Margadarsi Chits (Karnataka) can be reached through the website margadarsi.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Margadarsi Chits (Karnataka) is at Plotno 212 3rd Floor, Gateno 9 Of Palace Grounds, Bangalore, Karnataka, India – 560080.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
