Padmajwala Chits Private Limited
About Padmajwala Chits Private Limited
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Padmajwala Chits Private Limited is a private limited company based in Raibag, Karnataka, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 03 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2019PTC123161.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Praveen Baragale and Bhagyashree Anil Shetti.
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 Cts No 1540/1 Bajar Road Shetti Galli At Post Raibag Taluk Raibag, Karnataka, India – 591317.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.46 Lakh, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹4,642 (net margin 1.3%) and EBITDA of ₹7,124 (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 130% over five years.
Company details
Contact details
Padmajwala Chits Private Limited's registered office is in Raibag, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressCts No 1540/1 Bajar Road Shetti Galli At Post Raibag Taluk Raibag, Karnataka, India – 591317
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
To see the full contact details of Padmajwala 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 Padmajwala 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 Padmajwala Chits Private Limited, buy the company report.
Financials of Padmajwala Chits Private Limited
FY 2024 filings availablePadmajwala Chits Private Limited reported revenue of ₹3.46 Lakh (up 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 130% over five years, including 29% growth in the latest year. EBITDA fell 64% 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 | ₹7,124 | ||||
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| Net Profit (PAT) | ₹4,642 | ||||
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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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| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | 1.3% | ||||
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To see the full financial statements and ratios of Padmajwala Chits Private Limited, buy the company report.
Board of directors of Padmajwala Chits Private Limited
Padmajwala Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Baragale | Director | 03 Apr 2019 | 7 Years 6 Months | Current |
| Bhagyashree Anil Shetti | Director | 03 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Padmajwala 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 |
|---|---|---|---|---|---|---|
| Utsav Associates Private Limited | ₹3.47 Lakh (FY 2024) | Khalilabad, Uttar Pradesh, India | ||||
| Deal4u India Private Limited | ₹3.47 Lakh (FY 2025) | -38.0% | Delhi, India | |||
| Nanmakadukutty Kuries Private Limited | ₹3.47 Lakh (FY 2025) | Mukundapuram, Kerala, India | ||||
| Ssneo Benefits Nidhi Limited | ₹3.46 Lakh (FY 2025) | 57.0% | Nawacity, Rajasthan, India | |||
| Jayganga Exim India Private Limited | ₹3.46 Lakh (FY 2025) | 11.0% | Kolkata, West Bengal, India | |||
| Padmajwala Chits Private Limitedthis company | ₹3.46 Lakh (FY 2025) | ₹4,642 | 1.3% | 29.0% | Raibag, Karnataka, India | |
| Vidyashree Chits Private Limited | ₹3.45 Lakh (FY 2025) | Lingasugur, Karnataka, India | ||||
| Jaitha Sons Trading Co. Private Limited | ₹3.45 Lakh (FY 2025) | -46.0% | Kolkata, West Bengal, India | |||
| Sahanbhuti Merchants Private Limited | ₹3.45 Lakh (FY 2025) | 34.0% | Kolkata, West Bengal, India | |||
| Navajaya Advisory Private Limited | ₹3.44 Lakh (FY 2024) | -56.0% | Bengaluru, Karnataka, India | |||
| Chitrakala Investment Trade and Business Finance Limited | ₹3.44 Lakh (FY 2025) | 31.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Padmajwala Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Padmajwala 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 Padmajwala 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 Padmajwala Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Padmajwala Chits Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Bhagyashree Anil Shetti was appointed as Director on 03 Apr 2019.
Frequently asked questions
Padmajwala Chits is an active private limited company based in Raibag, Karnataka, India. The company works in chit fund, within the financial services industry. It was incorporated on 03 April 2019 (7+ years old) and is registered under CIN U65992KA2019PTC123161.
Padmajwala Chits has 2 current directors:
- Praveen Baragale - Director
- Bhagyashree Anil Shetti - Director
The latest financial statements of Padmajwala 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 Padmajwala Chits is U65992KA2019PTC123161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Padmajwala Chits was incorporated on 03 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Padmajwala Chits by revenue are Utsav Associates Private Limited, Deal4u India Private Limited, Nanmakadukutty Kuries Private Limited, Ssneo Benefits Nidhi Limited, Jayganga Exim India Private Limited and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Bhagyashree Anil Shetti was appointed as Director on 03 Apr 2019. Praveen Baragale was appointed as Director on 03 Apr 2019.
The registered office of Padmajwala Chits is at Cts No 15401 Bajar Road Shetti Galli At Post Raibag Taluk Raibag, Karnataka, India – 591317.
Padmajwala Chits operates in the financial services industry, in the chit fund segment.
Padmajwala Chits can be reached at its registered office: Cts No 15401 Bajar Road Shetti Galli At Post Raibag Taluk Raibag, Karnataka, India – 591317.
Padmajwala Chits is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.