Navachandra Chits Private Limited
About Navachandra Chits Private Limited
Data last updated:
Navachandra Chits Private Limited was a private limited company based in Belgaum, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 08 December 2014.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2014PTC077641.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It was led by directors Naveen Raviprakash Sidnal (Managing Director) and Chandrashekar Baswani Siddannavar.
Its last annual general meeting (AGM) was held on 26 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Cts No – 543/2 First Floor Sonar Galli Vadgaon, Belgaum, Karnataka, India – 590005.
As per the financials filed for FY 2016, the company reported a revenue of ₹1.05 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹30,249 (net margin -28.7%) and EBITDA of -₹39,794 (EBITDA margin -37.8%).
Company details
Contact details
Navachandra Chits Private Limited's registered office is in Belgaum, Karnataka.
- Registered AddressCts No – 543/2 First Floor Sonar Galli Vadgaon, Belgaum, Karnataka, India – 590005
- IndustryFinancial Services, Financial Activities
- 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 Navachandra 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 Navachandra Chits Private Limited, buy the company report.
Financials of Navachandra Chits Private Limited
FY 2016 filings availableNavachandra Chits Private Limited reported revenue of ₹1.05 Lakh (up 5901% YoY) for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| 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 | -₹39,794 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹30,249 | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
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| Investments | ||
| Inventories | ||
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| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -37.8% | |
| Net Profit Margin | -28.7% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| 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 Navachandra Chits Private Limited, buy the company report.
Board of directors of Navachandra Chits Private Limited
Navachandra Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Raviprakash Sidnal | Managing Director | 08 Dec 2014 | 11 Years 10 Months | As last reported |
| Chandrashekar Baswani Siddannavar | Director | 08 Dec 2014 | 11 Years 10 Months | As last reported |
Peer comparison
Navachandra 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 |
|---|---|---|---|---|---|---|
| Krishna Bakers Private Limited | ₹1.06 Lakh (FY 2019) | 9.0% | Kolkata, West Bengal, India | |||
| MKC Securities & Wealth Private Limited | ₹1.06 Lakh (FY 2024) | -26.0% | Patna, Bihar, India | |||
| Gaze Chits Private Limited | ₹1.05 Lakh (FY 2019) | Tirunelveli, Tamil Nadu, India | ||||
| Muthu Malar Finance Private Limited | ₹1.05 Lakh (FY 2020) | -13.0% | Kadayanallur, Tamil Nadu, India | |||
| Shriramg Urban Nidhi Limited | ₹1.05 Lakh (FY 2022) | Sangli, Maharashtra, India | ||||
| Navachandra Chits Private Limitedthis company | ₹1.05 Lakh (FY 2016) | -₹30,249 | -28.7% | 5901.0% | Belgaum, Karnataka, India | |
| Joint Enterprises Private Limited | ₹1.05 Lakh (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| Citrine Investments Private Limited | ₹1.05 Lakh (FY 2024) | Surat, Gujarat, India | ||||
| Saisadhana Urban Multipurpose Nidhi Limited | ₹1.05 Lakh (FY 2020) | Beed, Maharashtra, India | ||||
| Albari Forex Private Limited | ₹1.05 Lakh (FY 2025) | -98.0% | Anantnag, Jammu and Kashmir, India | |||
| Esh Kay Nidhi Limited | ₹1.05 Lakh (FY 2021) | -24.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Navachandra Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Navachandra 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 Navachandra 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 Navachandra Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Navachandra Chits Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Naveen Raviprakash Sidnal ceased to be Director on 01 Apr 2015.
Frequently asked questions
Navachandra Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Navachandra Chits was a private limited company based in Belgaum, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 08 December 2014 and is registered under CIN U65992KA2014PTC077641. The company has been struck off by the Registrar of Companies and is no longer operational.
Navachandra Chits had 2 directors:
- Naveen Raviprakash Sidnal - Managing Director
- Chandrashekar Baswani Siddannavar - Director
The CIN (Corporate Identification Number) of Navachandra Chits is U65992KA2014PTC077641. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Navachandra Chits is at Cts No – 5432 First Floor Sonar Galli Vadgaon, Belgaum, Karnataka, India – 590005.
Navachandra Chits was incorporated on 08 December 2014. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Navachandra Chits on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 26 August 2016. Year-wise statements from 2015 are in the company report.
Navachandra Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Navachandra Chits by revenue are Krishna Bakers Private Limited, MKC Securities & Wealth Private Limited, Gaze Chits Private Limited, Muthu Malar Finance Private Limited, Shriramg Urban Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Naveen Raviprakash Sidnal ceased to be Director on 01 Apr 2015. Chandrashekar Baswani Siddannavar was appointed as Director on 08 Dec 2014. Naveen Raviprakash Sidnal was appointed as Managing Director on 08 Dec 2014.
The compliance status of Navachandra Chits is active non-compliant as of 17 September 2026.