About Okane Chits Private Limited
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Okane Chits Private Limited is a private limited company based in Byndoor-Tq, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 02 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2019PTC126786.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Prajwal Mayya and Veerendra.
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 #6 – 163/3 Yedthare Kollur Road, Byndoor – Tq, Karnataka, India – 576214.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.55 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹2.63 Lakh (net margin -40.1%) and EBITDA of -₹2.55 Lakh (EBITDA margin -39%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
For more details, the company can be reached via its website okane-chits-private-limited.business.site.
Company details
Contact details
Okane Chits Private Limited's registered office is in Byndoor-Tq, Karnataka. Its website is okane-chits-private-limited.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address#6 – 163/3 Yedthare Kollur Road, Byndoor – Tq, Karnataka, India – 576214
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Okane 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 Okane Chits is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Okane Chits Private Limited, buy the company report.
Financials of Okane Chits Private Limited
FY 2025 filings availableOkane Chits Private Limited reported revenue of ₹6.55 Lakh (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 10% 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 | -₹2.55 Lakh | ||||
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| Net Profit (PAT) | -₹2.63 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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| Profitability | |||||
| EBITDA Margin | -39% | ||||
| Net Profit Margin | -40.1% | ||||
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To see the full financial statements and ratios of Okane Chits Private Limited, buy the company report.
Board of directors of Okane Chits Private Limited
Okane 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 |
|---|---|---|---|---|
| Prajwal Mayya | Director | 02 Aug 2019 | 7 Years 3 Months | Current |
| Veerendra | Director | 02 Aug 2019 | 7 Years 3 Months | Current |
Auditor
Okane Chits Private Limited is audited by S K SATHYANARAYANA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K SATHYANARAYANA & CO | FY 2020 | 003655S |
Shareholding
The shareholding of Okane Chits Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Okane Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Okane 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 Okane 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 Okane Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Okane Chits Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Clinton Rodrigues ceased to be Director on 01 Nov 2022.
Frequently asked questions
Okane Chits is an active private limited company based in Byndoor-Tq, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 02 August 2019 (7+ years old) and is registered under CIN U65999KA2019PTC126786.
Okane Chits has 2 current directors:
- Prajwal Mayya - Director
- Veerendra - Director
The latest financial statements of Okane 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 2020 are in the company report.
The CIN (Corporate Identification Number) of Okane Chits is U65999KA2019PTC126786. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Okane Chits was incorporated on 02 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Clinton Rodrigues ceased to be Director on 01 Nov 2022. Prajwal Mayya was appointed as Director on 02 Aug 2019. Veerendra was appointed as Director on 02 Aug 2019.
Okane Chits can be reached through the website okane-chits-private-limited.business.site. Its registered office is in Byndoor-Tq, Karnataka, India.
The registered office of Okane Chits is at #6 – 1633 Yedthare Kollur Road, Byndoor – Tq, Karnataka, India – 576214.
Okane Chits operates in the financial services industry, in the microfinance institutions segment.
Okane Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.
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