Narvee Chits Private Limited
About Narvee Chits Private Limited
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Narvee Chits Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 09 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG2015PTC101113. Its GSTIN is 36AAFCN0647N1Z5 (Telangana).
The company has an authorised share capital of ₹1.15 Cr and a paid-up capital of ₹1.15 Cr. It is led by directors Narsinga Rao Madhavaneni (Managing Director) and Ambati Harish Reddy.
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 Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹19,750, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹13.05 Lakh and EBITDA of -₹11.98 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 69% over five years.
Court records list 28 cases involving the company, including 28 filed by the company; 22 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Narvee Chits Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH.No:7 – 1 – 618 Office Space No.404B Suit No.101 4th Floor Aditya Trade Centre (F&G) Blo, Ck, Hyderabad, Telangana, India – 500038
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Narvee 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 Narvee 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 Narvee Chits Private Limited, buy the company report.
Financials of Narvee Chits Private Limited
FY 2025 filings availableNarvee Chits Private Limited reported revenue of ₹19,750 (down 98% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 69% over five years, including a 98% fall in the latest year. EBITDA rose 41% 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 | -₹11.98 Lakh | ||||
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| Net Profit (PAT) | -₹13.05 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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To see the full financial statements and ratios of Narvee Chits Private Limited, buy the company report.
Board of directors of Narvee Chits Private Limited
Narvee Chits has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narsinga Rao Madhavaneni | Managing Director | 09 Oct 2015 | 11 Years 0 Months | Current |
| Ambati Harish Reddy | Director | 10 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Narvee Chits Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| BMG Swanirvargosti Micro Finance Private Limited | ₹21,423 (FY 2022) | -94.0% | Navi Mumbai, Maharashtra, India | |||
| Amvyka Associates Finco Nidhi Limited | ₹21,371 (FY 2023) | -31.0% | Satna, Madhya Pradesh, India | |||
| Narvee Chits Private Limitedthis company | ₹19,750 (FY 2025) | -₹13.05 Lakh | -98.0% | Hyderabad, Telangana, India | ||
| Finovest Chits & Kuries Private Limited | ₹17,390 (FY 2025) | Ernakulam, Kerala, India | ||||
| Itasha Chits Private Limited | ₹17,181 (FY 2024) | -94.0% | Gurgaon, Haryana, India | |||
| Sri Ishaani Chits Private Limited | ₹17,181 (FY 2022) | -99.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Narvee Chits Private Limited, buy the company report.
Auditor
Narvee Chits Private Limited is audited by D A Y & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D A Y & ASSOCIATES | FY 2020 | 011455S |
Shareholding
The shareholding of Narvee Chits Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Narvee Chits Private Limited, buy the company report.
Legal cases
Narvee Chits Private Limited has 28 court cases on record: 28 filed by Narvee Chits. 22 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 0 | 22 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad Central, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Hyderabad Central, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Hyderabad Central, Telangana | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, Karimnagar, Telangana | Execution petition | Filed by the company against individuals | Pending |
| District court, Karimnagar, Telangana | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Narvee Chits 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 Narvee Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Narvee Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCN0647N1Z5 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Narvee Chits Private Limited, buy the company report.
Recent activity
Narvee Chits Private Limited has 12 board changes on record since 2015: 7 appointments and 5 cessations. The latest: Ambati Harish Reddy was appointed as Director on 10 Mar 2022.
3 earlier events are in the company report.
Frequently asked questions
Narvee Chits is an active private limited company based in Hyderabad, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 09 October 2015 (11+ years old) and is registered under CIN U65992TG2015PTC101113.
Narvee Chits has 2 current directors:
- Narsinga Rao Madhavaneni - Managing Director
- Ambati Harish Reddy - Director
The latest financial statements of Narvee Chits 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 FY 2016 are in the company report.
The GSTIN of Narvee Chits is 36AAFCN0647N1Z5, registered in Telangana.
The CIN (Corporate Identification Number) of Narvee Chits is U65992TG2015PTC101113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narvee Chits has 28 court cases on record: 28 filed by the company. 22 are pending.
Narvee Chits was incorporated on 09 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Narvee Chits by revenue are BMG Swanirvargosti Micro Finance Private Limited, Amvyka Associates Finco Nidhi Limited, Finovest Chits & Kuries Private Limited, Itasha Chits Private Limited, Sri Ishaani Chits Private Limited, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Ambati Harish Reddy was appointed as Director on 10 Mar 2022. Sreedhar Rao Madhavaneni ceased to be Director on 10 Mar 2022. Adulla Umesh ceased to be Director on 17 Apr 2021. Narvee Chits has 12 board changes on record in total.
The registered office of Narvee Chits is at H.No:7 – 1 – 618 Office Space No.404B Suit No.101 4th Floor Aditya Trade Centre F&G Blo, Ck, Hyderabad, Telangana, India – 500038.
Narvee Chits operates in the financial services industry, in the microfinance institutions segment.