Prakurti Chits Private Limited
About Prakurti Chits Private Limited
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Prakurti Chits Private Limited is a private limited company based in Basavan Bagewadi, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 06 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2017PTC099873.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mallu Ashok Arasanal and Babu Gurusiddappa Alur.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Cts No. 1604 Basavan Bagewadi, Karnataka, India – 586203.
As per the financials filed for FY 2021, the company reported a revenue of ₹79,800, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹54,431 (net margin -68.2%) and EBITDA of -₹53,900 (EBITDA margin -67.5%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Prakurti Chits Private Limited's registered office is in Basavan Bagewadi, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressCts No. 1604 Basavan Bagewadi, Karnataka, India – 586203
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Prakurti 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 Prakurti 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 Prakurti Chits Private Limited, buy the company report.
Financials of Prakurti Chits Private Limited
FY 2021 filings availablePrakurti Chits Private Limited reported revenue of ₹79,800 (down 77% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over three years, including a 77% fall in the latest year. EBITDA fell 38% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹53,900 | ||||
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| Net Profit (PAT) | -₹54,431 | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | -67.5% | ||||
| Net Profit Margin | -68.2% | ||||
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To see the full financial statements and ratios of Prakurti Chits Private Limited, buy the company report.
Board of directors of Prakurti Chits Private Limited
Prakurti Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mallu Ashok Arasanal | Director | 06 Feb 2017 | 9 Years 8 Months | Current |
| Babu Gurusiddappa Alur | Director | 06 Feb 2017 | 9 Years 8 Months | Current |
Peer comparison
Prakurti 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 |
|---|---|---|---|---|---|---|
| Maxwell Infotech Limited | ₹80,000 (FY 2025) | -70.0% | New Delhi, Delhi, India | |||
| Corpxcel Management Consultants Private Limited | ₹79,950 (FY 2025) | -63.0% | Thrissur, Kerala, India | |||
| Gargi Maitreyee Nidhi Limited | ₹79,934 (FY 2023) | -19.0% | Nagur, Maharashtra, India | |||
| Jerry.D Chit Private Limited | ₹79,877 (FY 2021) | -45.0% | Thiruvananthapuram, Kerala, India | |||
| Chitalmary RMP India Nidhi Limited | ₹79,865 (FY 2022) | -29.0% | Dineshpur, Uttarakhand, India | |||
| Prakurti Chits Private Limitedthis company | ₹79,800 (FY 2021) | -₹54,431 | -68.2% | -77.0% | Basavan Bagewadi, Karnataka, India | |
| Wealthangle Financial Services Private Limited | ₹79,720 (FY 2024) | -47.0% | Nashik, Maharashtra, India | |||
| Saraswati Fincap Private Limited | ₹79,710 (FY 2024) | -48.0% | New Delhi, Delhi, India | |||
| SNL Gold Nidhi Limited | ₹79,700 (FY 2022) | Sikar, Rajasthan, India | ||||
| Dhanarth Nidhi Limited | ₹79,589 (FY 2020) | Bhopal, Madhya Pradesh, India | ||||
| Sajal Forex Private Limited | ₹79,556 (FY 2018) | Agra, Uttar Pradesh, India |
To see the full peer comparison of Prakurti Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Prakurti 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 Prakurti 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 Prakurti Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Prakurti Chits Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Babu Gurusiddappa Alur was appointed as Director on 06 Feb 2017.
Frequently asked questions
Prakurti Chits is an active private limited company based in Basavan Bagewadi, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 06 February 2017 (9+ years old) and is registered under CIN U65999KA2017PTC099873.
Prakurti Chits has 2 current directors:
- Mallu Ashok Arasanal - Director
- Babu Gurusiddappa Alur - Director
The latest financial statements of Prakurti Chits on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Prakurti Chits is U65999KA2017PTC099873. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prakurti Chits was incorporated on 06 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Prakurti Chits by revenue are Maxwell Infotech Limited, Corpxcel Management Consultants Private Limited, Gargi Maitreyee Nidhi Limited, Jerry.D Chit Private Limited, Chitalmary RMP India Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Babu Gurusiddappa Alur was appointed as Director on 06 Feb 2017. Mallu Ashok Arasanal was appointed as Director on 06 Feb 2017.
The registered office of Prakurti Chits is at Cts No. 1604 Basavan Bagewadi, Karnataka, India – 586203.
Prakurti Chits operates in the financial services industry, in the other financial intermediation segment.
The compliance status of Prakurti Chits is compliant as of 03 July 2026. The company is actively filing with the Registrar of Companies.
Prakurti Chits can be reached at its registered office: Cts No. 1604 Basavan Bagewadi, Karnataka, India – 586203.
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