Pragathi Venkatesh Chits (India) Private Limited
About Pragathi Venkatesh Chits (India) Private Limited
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Pragathi Venkatesh Chits (India) Private Limited is a private limited company based in Madanapalle, Andhra Pradesh, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 24 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U65992AP2009PTC063172. Its GSTIN is 37AAFCP2476B1ZJ (Andhra Pradesh).
The company has an authorised share capital of ₹18 Lakh and a paid-up capital of ₹18 Lakh. It is led by directors Garla Radhikavenkatesh (Whole-Time Director) and Sai Rohith Garla.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 10/102 Upstairs Sastry Street, Madanapalle, Andhra Pradesh, India – 517325.
As per the financials filed for FY 2024, the company reported a revenue of ₹60.23 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹1.26 Lakh (net margin 2.1%) and EBITDA of ₹29.03 Lakh (EBITDA margin 48.2%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 8% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pragathi Venkatesh Chits (India) Private Limited's registered office is in Madanapalle, Andhra Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address10/102 Upstairs Sastry Street, Madanapalle, Andhra Pradesh, India – 517325
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Pragathi Venkatesh Chits (India) 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 Pragathi Venkatesh Chits (India) 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 Pragathi Venkatesh Chits (India) Private Limited, buy the company report.
Financials of Pragathi Venkatesh Chits (India) Private Limited
FY 2025 filings availablePragathi Venkatesh Chits (India) Private Limited reported revenue of ₹60.23 Lakh (down 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 26% fall in the latest year. EBITDA fell 27% 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 | ₹29.03 Lakh | ||||
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| Net Profit (PAT) | ₹1.26 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 | 48.2% | ||||
| Net Profit Margin | 2.1% | ||||
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To see the full financial statements and ratios of Pragathi Venkatesh Chits (India) Private Limited, buy the company report.
Board of directors of Pragathi Venkatesh Chits (India) Private Limited
Pragathi Venkatesh Chits (India) 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 |
|---|---|---|---|---|
| Sai Rohith Garla | Director | 22 May 2021 | 5 Years 5 Months | Current |
| Garla Radhikavenkatesh | Whole-Time Director | 24 Mar 2009 | 17 Years 7 Months | Current |
Auditor
Pragathi Venkatesh Chits (India) Private Limited is audited by B A PRADEEP KUMAR & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B A PRADEEP KUMAR & CO | FY 2020 | 011786S |
Shareholding
The shareholding of Pragathi Venkatesh Chits (India) Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pragathi Venkatesh Chits (India) Private Limited, buy the company report.
Legal cases
Pragathi Venkatesh Chits (India) Private Limited has 2 court cases on record: 1 filed by Pragathi Venkatesh Chits (India), 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ananthapur, Andhra Pradesh | Execution petition | Filed by the company against individuals | Disposed |
| High Court of Andhra Pradesh | Writ petition | Filed against the company | Disposed |
To see the full case history of Pragathi Venkatesh Chits (India) 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 Pragathi Venkatesh Chits (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pragathi Venkatesh Chits (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCP2476B1ZJ | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pragathi Venkatesh Chits (India) Private Limited, buy the company report.
Recent activity
Pragathi Venkatesh Chits (India) Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Sai Rohith Garla ceased to be Additional Director on 30 Nov 2021.
Frequently asked questions
Pragathi Venkatesh Chits (India) is an active private limited company based in Madanapalle, Andhra Pradesh, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 24 March 2009 (17+ years old) and is registered under CIN U65992AP2009PTC063172.
Pragathi Venkatesh Chits (India) has 2 current directors:
- Garla Radhikavenkatesh - Whole-Time Director
- Sai Rohith Garla - Director
The latest financial statements of Pragathi Venkatesh Chits (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pragathi Venkatesh Chits (India) is 37AAFCP2476B1ZJ, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Pragathi Venkatesh Chits (India) is U65992AP2009PTC063172. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragathi Venkatesh Chits (India) has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Pragathi Venkatesh Chits (India) was incorporated on 24 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Vijayawada.
Sai Rohith Garla ceased to be Additional Director on 30 Nov 2021. Sai Rohith Garla was appointed as Director on 22 May 2021. Venkatesh Babu Garla ceased to be Managing Director on 03 May 2021. Pragathi Venkatesh Chits (India) has 5 board changes on record in total.
The registered office of Pragathi Venkatesh Chits (India) is at 10102 Upstairs Sastry Street, Madanapalle, Andhra Pradesh, India – 517325.
Pragathi Venkatesh Chits (India) operates in the financial services industry, in the microfinance institutions segment.
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