Nimit Chits Private Limited
About Nimit Chits Private Limited
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Nimit Chits Private Limited is a private limited company based in Nizamabad, Telangana, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 27 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U67110TG2017PTC118569. Its GSTIN is 36AAFCN7466F1Z7 (Telangana).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors including Banja Veerappa (Managing Director) and Shekhar Katkam.
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 Plot No.133 Bva H.No:6 – 135/1 & 2 Aryanagar, Nizamabad, Telangana, India – 503001.
As per the financials filed for FY 2024, the company reported a revenue of ₹71.05 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹2.24 Lakh (net margin 3.2%) and EBITDA of ₹3.22 Lakh (EBITDA margin 4.5%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 1% over five years.
Court records list 23 cases involving the company, including 17 filed by the company and 6 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nimit Chits Private Limited's registered office is in Nizamabad, Telangana. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No.133 Bva H.No:6 – 135/1 & 2 Aryanagar, Nizamabad, Telangana, India – 503001
- IndustryFinancial Services, Auxiliary To Financial Intermediatory, Financial Market Administration
To see the full contact details of Nimit 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 Nimit 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 Nimit Chits Private Limited, buy the company report.
Financials of Nimit Chits Private Limited
FY 2024 filings availableNimit Chits Private Limited reported revenue of ₹71.05 Lakh (down 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 19% fall in the latest year. EBITDA fell 67% 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 | ₹3.22 Lakh | ||||
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| Net Profit (PAT) | ₹2.24 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nimit Chits Private Limited, buy the company report.
Board of directors of Nimit Chits Private Limited
Nimit Chits has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shekhar Katkam | Director | 27 Jul 2017 | 9 Years 3 Months | Current |
| Banja Veerappa | Managing Director | 27 Jul 2017 | 9 Years 3 Months | Current |
| Kosgikar Pramod Kumar Also directs: Pragna Logistics Private Limited | Director | 27 Jul 2017 | 9 Years 3 Months | Current |
| Srinivas Kota | Director | 27 Jul 2017 | 9 Years 3 Months | Current |
| Arunadevi Sargam | Director | 27 Jul 2017 | 9 Years 3 Months | Current |
| Allenki Sudershan | Director | 27 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Nimit 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 |
|---|---|---|---|---|---|---|
| MNP Metaliks Private Limited | ₹71.08 Lakh (FY 2025) | -58.0% | Kolkata, West Bengal, India | |||
| Palavakkam Nidhi Limited | ₹71.08 Lakh (FY 2024) | 68.0% | Chennai, Tamil Nadu, India | |||
| Capup Online Services Private Limited | ₹71.08 Lakh (FY 2025) | -85.0% | Bangalore, Karnataka, India | |||
| Brindavan Exim Pvt Ltd | ₹71.06 Lakh (FY 2023) | 809.0% | Kolkata, West Bengal, India | |||
| Non Resident Keralites Investment Limited | ₹71.05 Lakh (FY 2025) | 361.0% | Taliparamba, Kerala, India | |||
| Nimit Chits Private Limitedthis company | ₹71.05 Lakh (FY 2024) | ₹2.24 Lakh | 3.2% | -19.0% | Nizamabad, Telangana, India | |
| Kaurum Marketing and Consulting Private Limited | ₹71.05 Lakh (FY 2024) | 0.0% | Delhi, India | |||
| Indusland Integrated Foundation | ₹71.01 Lakh (FY 2025) | 75.0% | Mavelikkara, Kerala, India | |||
| Singhi Finalease Pvt Ltd | ₹71.01 Lakh (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Adhiban Finserv Private Limited | ₹71.01 Lakh (FY 2024) | 64.0% | Coimbatore, Tamil Nadu, India | |||
| Premshaurya Travel Globe Private Limited | ₹70.95 Lakh (FY 2024) | 36.0% | New Delhi, Delhi, India |
To see the full peer comparison of Nimit Chits Private Limited, buy the company report.
Legal cases
Nimit Chits Private Limited has 23 court cases on record: 17 filed by Nimit Chits, 6 filed against it. 8 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 0 | 3 |
| High courts | 6 | 6 | 5 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company | Pending |
| District court, Nizamabad, Telangana | Execution petition | Filed by the company against an individual | Pending |
| District court, Nizamabad, Telangana | Execution petition | Filed by the company against an individual | Pending |
| District court, Nizamabad, Telangana | Execution petition | Filed by the company against an individual | Pending |
| High Court for State of Telangana | Writ petition | Filed against the company | Disposed |
To see the full case history of Nimit 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 Nimit Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nimit Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCN7466F1Z7 | Telangana | Active | 12 Oct 2018 |
To see the full GST registrations and return filing status of Nimit Chits Private Limited, buy the company report.
Recent activity
Nimit Chits Private Limited has 7 board changes on record since 2017: 7 appointments. The latest: Allenki Sudershan was appointed as Director on 27 Jul 2017.
Frequently asked questions
Nimit Chits is an active private limited company based in Nizamabad, Telangana, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 27 July 2017 (9+ years old) and is registered under CIN U67110TG2017PTC118569.
Nimit Chits has 6 current directors:
- Banja Veerappa - Managing Director
- Shekhar Katkam - Director
- Kosgikar Pramod Kumar - Director
- Srinivas Kota - Director
- Arunadevi Sargam - Director
- Allenki Sudershan - Director
The latest financial statements of Nimit 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 2018 are in the company report.
The GSTIN of Nimit Chits is 36AAFCN7466F1Z7, registered in Telangana.
The CIN (Corporate Identification Number) of Nimit Chits is U67110TG2017PTC118569. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nimit Chits has 23 court cases on record: 17 filed by the company and 6 filed against it. 8 are pending. Most are in the district courts.
Nimit Chits was incorporated on 27 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Nimit Chits by revenue are MNP Metaliks Private Limited, Palavakkam Nidhi Limited, Capup Online Services Private Limited, Brindavan Exim Pvt Ltd, Non Resident Keralites Investment Limited and 5 more, all in the same principal business activity (other financial activities).
Allenki Sudershan was appointed as Director on 27 Jul 2017. Arunadevi Sargam was appointed as Director on 27 Jul 2017. Banja Veerappa was appointed as Managing Director on 27 Jul 2017. Nimit Chits has 7 board changes on record in total.
The registered office of Nimit Chits is at Plot No.133 Bva H.No:6 – 1351 & 2 Aryanagar, Nizamabad, Telangana, India – 503001.
Nimit Chits operates in the financial services industry, in the auxiliary to financial intermediatory segment.
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