Mitrabandhu Chits Private Limited
About Mitrabandhu Chits Private Limited
Data last updated:
Mitrabandhu Chits Private Limited is a private limited company based in Gokak, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 28 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2019PTC121996.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shankar Siddappa Patil and Rudrappa Bhimappa Hugar.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Cts No 3035 & 3036 Raviwar Peth Gokak Tq Gokak District Belagavi, Karnataka, India – 591307.
As per the financials filed for FY 2021, the company reported a revenue of ₹6.66 Lakh, a growth of 32% compared to the previous year. For the same year it recorded a net loss of ₹6,166 (net margin -0.9%) and EBITDA of -₹3,444 (EBITDA margin -0.5%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mitrabandhu Chits Private Limited's registered office is in Gokak, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressCts No 3035 & 3036 Raviwar Peth Gokak Tq Gokak District Belagavi, Karnataka, India – 591307
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Mitrabandhu Chits 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 Mitrabandhu 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 Mitrabandhu Chits Private Limited, buy the company report.
Financials of Mitrabandhu Chits Private Limited
FY 2021 filings availableMitrabandhu Chits Private Limited reported revenue of ₹6.66 Lakh (up 32% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 32% in the latest year. EBITDA rose 96% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹3,444 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹6,166 | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.5% | ||
| Net Profit Margin | -0.9% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Mitrabandhu Chits Private Limited, buy the company report.
Board of directors of Mitrabandhu Chits Private Limited
Mitrabandhu Chits has 7 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankar Siddappa Patil | Director | 28 Feb 2019 | 7 Years 8 Months | Current |
| Rudrappa Bhimappa Hugar | Director | 31 Dec 2019 | 6 Years 10 Months | Current |
| Shankar Irappa Badiger | Director | 31 Dec 2019 | 6 Years 10 Months | Current |
| Nagaraj Shiddappa Kallimani | Director | 31 Dec 2019 | 6 Years 10 Months | Current |
| Mahaling Allappa Melmatti | Director | 31 Dec 2019 | 6 Years 10 Months | Current |
| Vajeerappa Basappa Bombaragi | Director | 31 Dec 2019 | 6 Years 10 Months | Current |
Peer comparison
Mitrabandhu 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 |
|---|---|---|---|---|---|---|
| Thiyagadurugam Benefit Fund Limited | ₹6.67 Lakh (FY 2025) | -11.0% | Villupuram, Tamil Nadu, India | |||
| SMDG Securities Private Limited | ₹6.67 Lakh (FY 2016) | -41.0% | Narnaul, Haryana, India | |||
| JRD Nidhi Limited | ₹6.66 Lakh (FY 2022) | 47.0% | Alipur Khera, Uttar Pradesh, India | |||
| Hryn Mutual Benefit Nidhi Limited | ₹6.66 Lakh (FY 2022) | 145.0% | Gurugram, Haryana, India | |||
| Maritime Merchants Pvt. Ltd. | ₹6.66 Lakh (FY 2017) | 7.0% | Kolkata, West Bengal, India | |||
| Mitrabandhu Chits Private Limitedthis company | ₹6.66 Lakh (FY 2021) | -₹6,166 | -0.9% | 32.0% | Gokak, Karnataka, India | |
| Sri Ranga Sai Jagtial Chit Fund Private Limited | ₹6.66 Lakh (FY 2025) | -27.0% | Jagtial, Telangana, India | |||
| RKDK Capital Market Limited | ₹6.66 Lakh (FY 2023) | -72.0% | Kolkata, West Bengal, India | |||
| Trideep Projects Private Limited | ₹6.66 Lakh (FY 2020) | 700.0% | Kolkata, West Bengal, India | |||
| Moneytree Advisors Private Limited | ₹6.66 Lakh (FY 2025) | -86.0% | Mumbai, Maharashtra, India | |||
| Sri Kaliamman Chits Private Limited | ₹6.66 Lakh (FY 2025) | 27.0% | Pollachi, Tamil Nadu, India |
To see the full peer comparison of Mitrabandhu Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mitrabandhu 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 Mitrabandhu 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 Mitrabandhu Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mitrabandhu Chits Private Limited has 9 board changes on record since 2019: 7 appointments and 2 cessations. The latest: Appanna Santramappa Naganuri ceased to be Director on 29 Dec 2023.
Frequently asked questions
Mitrabandhu Chits is an active private limited company based in Gokak, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 28 February 2019 (7+ years old) and is registered under CIN U65999KA2019PTC121996.
Mitrabandhu Chits has 7 current directors:
- Shankar Siddappa Patil - Director
- Rudrappa Bhimappa Hugar - Director
- Shankar Irappa Badiger - Director
- Nagaraj Shiddappa Kallimani - Director
- Mahaling Allappa Melmatti - Director
- Vajeerappa Basappa Bombaragi - Director
- Tukaram Bheemasheppa Karagooli - Director
The latest financial statements of Mitrabandhu Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Mitrabandhu Chits is U65999KA2019PTC121996. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitrabandhu Chits was incorporated on 28 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mitrabandhu Chits by revenue are Thiyagadurugam Benefit Fund Limited, SMDG Securities Private Limited, JRD Nidhi Limited, Hryn Mutual Benefit Nidhi Limited, Maritime Merchants Pvt. Ltd. and 5 more, all in the same principal business activity (other financial activities).
Appanna Santramappa Naganuri ceased to be Director on 29 Dec 2023. Dundappa Yallappa Babali ceased to be Director on 29 Dec 2023. Mahaling Allappa Melmatti was appointed as Director on 31 Dec 2019. Mitrabandhu Chits has 9 board changes on record in total.
The registered office of Mitrabandhu Chits is at Cts No 3035 & 3036 Raviwar Peth Gokak Tq Gokak District Belagavi, Karnataka, India – 591307.
Mitrabandhu Chits operates in the financial services industry, in the other financial intermediation segment.
The compliance status of Mitrabandhu Chits is compliant as of 06 August 2026. The company is actively filing with the Registrar of Companies.
Mitrabandhu Chits can be reached at its registered office: Cts No 3035 & 3036 Raviwar Peth Gokak Tq Gokak District Belagavi, Karnataka, India – 591307.
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