Nidagundi Chits Private Limited
About Nidagundi Chits Private Limited
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Nidagundi Chits Private Limited is a private limited company based in Nidagundi, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 23 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2014PTC077896. Its GSTIN is 29AAFCN3519H1ZC (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Udaram Gularamji Solanki (Whole-Time Director) and Kiran Sangamanath Beeraladinni (Whole-Time Director).
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 Ground Floor Shree Phala Building Alamatti Road, Nidagundi, Karnataka, India – 586213.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.33 Lakh, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹1.94 Lakh (net margin -30.7%) and EBITDA of -₹1.17 Lakh (EBITDA margin -18.5%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 31% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nidagundi Chits Private Limited's registered office is in Nidagundi, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGround Floor Shree Phala Building Alamatti Road, Nidagundi, Karnataka, India – 586213
- IndustryFinancial Services, Financial Activities
To see the full contact details of Nidagundi 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 Nidagundi 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 Nidagundi Chits Private Limited, buy the company report.
Financials of Nidagundi Chits Private Limited
FY 2024 filings availableNidagundi Chits Private Limited reported revenue of ₹6.33 Lakh (down 83% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 83% fall in the latest year. EBITDA fell 119% 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 | -₹1.17 Lakh | ||||
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| Net Profit (PAT) | -₹1.94 Lakh | ||||
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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 | -18.5% | ||||
| Net Profit Margin | -30.7% | ||||
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To see the full financial statements and ratios of Nidagundi Chits Private Limited, buy the company report.
Board of directors of Nidagundi Chits Private Limited
Nidagundi Chits has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Udaram Gularamji Solanki | Whole-Time Director | 23 Dec 2014 | 11 Years 10 Months | Current |
| Kiran Sangamanath Beeraladinni | Whole-Time Director | 23 Dec 2014 | 11 Years 10 Months | Current |
Peer comparison
Nidagundi 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 |
|---|---|---|---|---|---|---|
| Aureum Finbiz Private Limited | ₹6.35 Lakh (FY 2025) | 2971.0% | Tezpur, Assam, India | |||
| Mirania Mercantiles Pvt Ltd | ₹6.35 Lakh (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Saisabari Chit Private Limited | ₹6.35 Lakh (FY 2025) | -3.0% | Coimbatore, Tamil Nadu, India | |||
| Ycollpro Consultancy Private Limited | ₹6.34 Lakh (FY 2024) | -56.0% | Chennai, Tamil Nadu, India | |||
| Riya Caplease (India) Limited | ₹6.34 Lakh (FY 2025) | -33.0% | Mehsana, Gujarat, India | |||
| Nidagundi Chits Private Limitedthis company | ₹6.33 Lakh (FY 2024) | -₹1.94 Lakh | -30.7% | -83.0% | Nidagundi, Karnataka, India | |
| Gurusharan Chits Private Limited | ₹6.33 Lakh (FY 2025) | 32.0% | Gurgaon, Haryana, India | |||
| Sprat Consultancy Private Limited | ₹6.33 Lakh (FY 2025) | 5.0% | Jaipur, Rajasthan, India | |||
| Mala Bharath Kuries Private Limited | ₹6.32 Lakh (FY 2025) | 11.0% | Mala, Kerala, India | |||
| Sas Kreditcare Private Limited | ₹6.32 Lakh (FY 2025) | 2138.0% | New Delhi, Delhi, India | |||
| Ninope Services Private Limited | ₹6.32 Lakh (FY 2022) | -78.0% | Rohini New, Delhi, India |
To see the full peer comparison of Nidagundi Chits Private Limited, buy the company report.
Auditor
Nidagundi Chits Private Limited is audited by Jituri & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jituri & Co | FY 2017 | 19565 |
Shareholding
The shareholding of Nidagundi Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Nidagundi Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nidagundi 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 Nidagundi Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nidagundi Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCN3519H1ZC | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nidagundi Chits Private Limited, buy the company report.
Recent activity
Nidagundi Chits Private Limited has 8 board changes on record since 2014: 5 appointments and 3 cessations. The latest: Mallanagaud Bhimanagaud Biradar ceased to be Whole-Time Director on 01 Mar 2024.
Frequently asked questions
Nidagundi Chits is an active private limited company based in Nidagundi, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 23 December 2014 (12+ years old) and is registered under CIN U65992KA2014PTC077896.
Nidagundi Chits has 2 current directors:
- Udaram Gularamji Solanki - Whole-Time Director
- Kiran Sangamanath Beeraladinni - Whole-Time Director
The latest financial statements of Nidagundi 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 2015 are in the company report.
The GSTIN of Nidagundi Chits is 29AAFCN3519H1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Nidagundi Chits is U65992KA2014PTC077896. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nidagundi Chits was incorporated on 23 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Nidagundi Chits by revenue are Aureum Finbiz Private Limited, Mirania Mercantiles Pvt Ltd, Saisabari Chit Private Limited, Ycollpro Consultancy Private Limited, Riya Caplease (India) Limited and 5 more, all in the same principal business activity (other financial activities).
Mallanagaud Bhimanagaud Biradar ceased to be Whole-Time Director on 01 Mar 2024. Prabhugoud Assampur ceased to be Whole-Time Director on 01 Dec 2022. Shivanand Satweerappa Muranal ceased to be Whole-Time Director on 01 Sep 2020. Nidagundi Chits has 8 board changes on record in total.
The registered office of Nidagundi Chits is at Ground Floor Shree Phala Building Alamatti Road, Nidagundi, Karnataka, India – 586213.
Nidagundi Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Nidagundi Chits is compliant as of 12 August 2026. The company is actively filing with the Registrar of Companies.