Navodaya Chits Private Limited
About Navodaya Chits Private Limited
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Navodaya Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 11 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2019PTC128667.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shiva Prakash Preetham and Shivaprakasha Songanahalli Devaiah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 130 7th Cross 9th Main Suvarna Layout 1st Stage Nagarabhavi, Bangalore, Karnataka, India – 560072.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.49 Lakh, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹51,571 (net margin -2.8%) and EBITDA of -₹51,571 (EBITDA margin -2.8%). Revenue has grown at a compounded annual rate (CAGR) of 95% over three years.
Court records list 60 cases involving the company, including 60 filed by the company; 10 cases are pending.
Company details
Contact details
Navodaya Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 130 7th Cross 9th Main Suvarna Layout 1st Stage Nagarabhavi, Bangalore, Karnataka, India – 560072
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
To see the full contact details of Navodaya 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 Navodaya Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Navodaya Chits Private Limited, buy the company report.
Financials of Navodaya Chits Private Limited
FY 2024 filings availableNavodaya Chits Private Limited reported revenue of ₹18.49 Lakh (up 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 95% over three years, including 24% growth in the latest year. EBITDA rose 3% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹51,571 | ||||
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| Net Profit (PAT) | -₹51,571 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -2.8% | ||||
| Net Profit Margin | -2.8% | ||||
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To see the full financial statements and ratios of Navodaya Chits Private Limited, buy the company report.
Board of directors of Navodaya Chits Private Limited
Navodaya Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiva Prakash Preetham | Director | 11 Oct 2019 | 7 Years 0 Months | Current |
| Shivaprakasha Songanahalli Devaiah | Director | 11 Oct 2019 | 7 Years 0 Months | Current |
Peer comparison
Navodaya Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Finofirst Consultants Private Limited | ₹18.58 Lakh (FY 2025) | 290.0% | New Delhi, Delhi, India | |||
| Wellworth Finvest (India) Private Limited | ₹18.55 Lakh (FY 2025) | -40.0% | Mumbai, Maharashtra, India | |||
| Dnyansadhana Urban Nidhi Limited | ₹18.55 Lakh (FY 2025) | -13.0% | Parbhani, Maharashtra, India | |||
| Finofriends Consultants Private Limited | ₹18.55 Lakh (FY 2025) | 2991.0% | New Delhi, Delhi, India | |||
| Sairupam Urban Nidhi Limited | ₹18.52 Lakh (FY 2025) | -42.0% | Aurangabad, Maharashtra, India | |||
| Navodaya Chits Private Limitedthis company | ₹18.49 Lakh (FY 2024) | -₹51,571 | -2.8% | 24.0% | Bangalore, Karnataka, India | |
| Padma Forex Merchants Pvt Ltd | ₹18.48 Lakh (FY 2025) | 8.0% | Kolkata, West Bengal, India | |||
| Golden Quadrilateral Financial Advisory Services Private Limited | ₹18.48 Lakh (FY 2025) | 1171.0% | Mumbai, Maharashtra, India | |||
| Yardon Commotrade Private Limited | ₹18.48 Lakh (FY 2025) | -18.0% | Kolkata, West Bengal, India | |||
| Autopal Trade Impex Pvt Ltd | ₹18.48 Lakh (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| Platinum Vincom Private Limited | ₹18.47 Lakh (FY 2024) | -48.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Navodaya Chits Private Limited, buy the company report.
Legal cases
Navodaya Chits Private Limited has 60 court cases on record: 60 filed by Navodaya Chits. 10 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 60 | 0 | 10 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Navodaya 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 Navodaya 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 Navodaya Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Navodaya Chits Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Shiva Prakash Preetham was appointed as Director on 11 Oct 2019.
Frequently asked questions
Navodaya Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in chit fund, within the financial services industry. It was incorporated on 11 October 2019 (7+ years old) and is registered under CIN U65992KA2019PTC128667.
Navodaya Chits has 2 current directors:
- Shiva Prakash Preetham - Director
- Shivaprakasha Songanahalli Devaiah - Director
The latest financial statements of Navodaya Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Navodaya Chits is U65992KA2019PTC128667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Navodaya Chits has 60 court cases on record: 60 filed by the company. 10 are pending.
Navodaya Chits was incorporated on 11 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Navodaya Chits by revenue are Finofirst Consultants Private Limited, Wellworth Finvest (India) Private Limited, Dnyansadhana Urban Nidhi Limited, Finofriends Consultants Private Limited, Sairupam Urban Nidhi Limited and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Shiva Prakash Preetham was appointed as Director on 11 Oct 2019. Shivaprakasha Songanahalli Devaiah was appointed as Director on 11 Oct 2019.
The registered office of Navodaya Chits is at No. 130 7th Cross 9th Main Suvarna Layout 1st Stage Nagarabhavi, Bangalore, Karnataka, India – 560072.
Navodaya Chits operates in the financial services industry, in the chit fund segment.
Navodaya Chits can be reached at its registered office: No. 130 7th Cross 9th Main Suvarna Layout 1st Stage Nagarabhavi, Bangalore, Karnataka, India – 560072.
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