Pravardhan Chits Private Limited
About Pravardhan Chits Private Limited
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Pravardhan Chits Private Limited is a private limited company based in Udupi, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 28 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67120KA2011PTC058387.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors including Naveena Kumar and Pattabhirama Acharya.
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 2nd Floor Vadiraja Complex Old Post Office Road Opp Mitra Hospital, Udupi, Karnataka, India – 576101.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.87 Lakh, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹4,900 (net margin 0.5%) and EBITDA of ₹1.69 Lakh (EBITDA margin 15.6%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
Court records list 117 cases involving the company, including 115 filed by the company and 2 filed against it; 11 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Pravardhan Chits Private Limited's registered office is in Udupi, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor Vadiraja Complex Old Post Office Road Opp Mitra Hospital, Udupi, Karnataka, India – 576101
- IndustryFinancial Services, Financial Activities
To see the full contact details of Pravardhan 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 Pravardhan 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 Pravardhan Chits Private Limited, buy the company report.
Financials of Pravardhan Chits Private Limited
FY 2025 filings availablePravardhan Chits Private Limited reported revenue of ₹10.87 Lakh (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 23% fall in the latest year. EBITDA rose 385% 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 | ₹1.69 Lakh | ||||
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| Net Profit (PAT) | ₹4,900 | ||||
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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 | 15.6% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Pravardhan Chits Private Limited, buy the company report.
Board of directors of Pravardhan Chits Private Limited
Pravardhan Chits has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveena Kumar | Director | 28 Apr 2011 | 15 Years 6 Months | Current |
| Pattabhirama Acharya | Director | 28 Apr 2011 | 15 Years 6 Months | Current |
| Padubidri Hemantha Rao | Director | 28 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Pravardhan 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 |
|---|---|---|---|---|---|---|
| Whitestone Financial Securities Private Limited | ₹10.92 Lakh (FY 2025) | 2295.0% | Road, Elphistone Rly Stn W, Maharashtra, India | |||
| Invictas Network (OPC) Private Limited | ₹10.9 Lakh (FY 2025) | 261.0% | Mumbai, Maharashtra, India | |||
| My Money Capital Services Private Limited | ₹10.89 Lakh (FY 2024) | 3.0% | Delhi, India | |||
| Shirish Holding and Finance Private Limited | ₹10.89 Lakh (FY 2025) | -37.0% | Pune, Maharashtra, India | |||
| JRD Realtech Private Limited | ₹10.88 Lakh (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Pravardhan Chits Private Limitedthis company | ₹10.87 Lakh (FY 2025) | ₹4,900 | 0.5% | -23.0% | Udupi, Karnataka, India | |
| Ankur Finlease Pvt Ltd | ₹10.86 Lakh (FY 2025) | -87.0% | New Delhi, Delhi, India | |||
| Shivgauri Jewellers Pvt Ltd | ₹10.85 Lakh (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| Khatuwala Shares Private Limited | ₹10.85 Lakh (FY 2025) | -55.0% | New Delhi, Delhi, India | |||
| Riddles Marketing Private Limited | ₹10.84 Lakh (FY 2025) | 35.0% | Kolkata, West Bengal, India | |||
| Aarti Marketings Private Limited | ₹10.84 Lakh (FY 2025) | -82.0% | Delhi, India |
To see the full peer comparison of Pravardhan Chits Private Limited, buy the company report.
Auditor
Pravardhan Chits Private Limited is audited by I V SHARMA AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| I V SHARMA AND CO | FY 2017 | 18845 |
Shareholding
The shareholding of Pravardhan Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pravardhan Chits Private Limited, buy the company report.
Legal cases
Pravardhan Chits Private Limited has 117 court cases on record: 115 filed by Pravardhan Chits, 2 filed against it. 11 cases are pending and 106 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 117 | 2 | 11 |
Cases on record (5 of 117)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DHARWAD, Karnataka | Appeal | Filed against the company by an individual | Pending |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against individuals | Pending |
To see the full case history of Pravardhan 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 Pravardhan 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 Pravardhan Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Pravardhan Chits Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Yallappa Dharmasa Dharmadas ceased to be Director on 25 Mar 2019.
Frequently asked questions
Pravardhan Chits is an active private limited company based in Udupi, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 28 April 2011 (15+ years old) and is registered under CIN U67120KA2011PTC058387.
Pravardhan Chits has 3 current directors:
- Naveena Kumar - Director
- Pattabhirama Acharya - Director
- Padubidri Hemantha Rao - Director
The latest financial statements of Pravardhan 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Pravardhan Chits is U67120KA2011PTC058387. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pravardhan Chits has 117 court cases on record: 115 filed by the company and 2 filed against it. 11 are pending.
Pravardhan Chits was incorporated on 28 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Pravardhan Chits by revenue are Whitestone Financial Securities Private Limited, Invictas Network (OPC) Private Limited, My Money Capital Services Private Limited, Shirish Holding and Finance Private Limited, JRD Realtech Private Limited and 5 more, all in the same principal business activity (activities auxiliary to financial service and insurance activities).
Yallappa Dharmasa Dharmadas ceased to be Director on 25 Mar 2019. Vinayak Yallappa Dharmadas ceased to be Director on 25 Mar 2015. Naveena Kumar was appointed as Director on 28 Apr 2011. Pravardhan Chits has 5 board changes on record in total.
The registered office of Pravardhan Chits is at 2nd Floor Vadiraja Complex Old Post Office Road Opp Mitra Hospital, Udupi, Karnataka, India – 576101.
Pravardhan Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Pravardhan Chits is compliant as of 11 August 2026. The company is actively filing with the Registrar of Companies.