Provest Chits Private Limited
About Provest Chits Private Limited
Data last updated:
Provest Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 01 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65990KA2017PTC108358.
The company has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Suraj Ramesh and Sowmya Suraj.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 4 4th Floor Raghavendra Layout Behind Hp Petrol Bunk Tumkur Main Road, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.23 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Lakh (net margin 6.8%) and EBITDA of ₹1.41 Lakh (EBITDA margin 9.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo 4 4th Floor Raghavendra Layout Behind Hp Petrol Bunk Tumkur Main Road, Bangalore, Karnataka, India – 560022
- IndustryFinancial Services, Other Financial Intermediation
- 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
- One PDF report, delivered after checkout
Business Activity of Provest Chits Private Limited
The main business activity of Provest Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Provest Chits Private Limited FY 2025 filings available
Provest Chits Private Limited reported revenue of ₹15.23 Lakh (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Provest Chits Private Limited
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 19% 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 of Provest Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.41 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.04 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Provest Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Provest Chits are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Provest Chits Private Limited
Provest Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Omkasa Securities Private Limited | ₹15.26 Lakh (FY 2025) | •••• | •••• | 69.0% | •••• | Mumbai, Maharashtra, India |
| Economy Commodeal Private Limited | ₹15.25 Lakh (FY 2025) | •••• | •••• | 222.0% | •••• | Kolkata, West Bengal, India |
| P P Holdings Ltd | ₹15.24 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Pune, Maharashtra, India |
| Giriraj Portfolio Private Limited | ₹15.24 Lakh (FY 2025) | •••• | •••• | -24.0% | •••• | Delhi, India |
| Niswarth Seva Nidhi Limited | ₹15.24 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Nagpur, Maharashtra, India |
| Provest Chits Private Limited this company | ₹15.23 Lakh (FY 2025) | •••• | •••• | -17.0% | •••• | Bangalore, Karnataka, India |
| Nityata Business Consultants India Private Limited | ₹15.22 Lakh (FY 2025) | •••• | •••• | -84.0% | •••• | Hyderabad, Telangana, India |
| MKG Finvest Private Limited | ₹15.21 Lakh (FY 2025) | •••• | •••• | 33.0% | •••• | Thane, Maharashtra, India |
| Neartic Trade Link Private Limited | ₹15.2 Lakh (FY 2025) | •••• | •••• | 69.0% | •••• | Mumbai, Maharashtra, India |
| Jai Wire Drawings Private Limited | ₹15.2 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Delhi, India |
| TRP Financial Consultants Private Limited | ₹15.19 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Provest Chits by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Provest Chits Private Limited
Provest Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suraj Ramesh Also directs: Punarvasu Graphics Private Limited | Director | 01 Dec 2017 | 8 Years 10 Months | Current |
| Sowmya Suraj Also directs: Aurogrid Security LLP | Director | 01 Dec 2017 | 8 Years 10 Months | Current |
Ownership and Shareholding of Provest Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Provest Chits Private Limited
Provest Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Provest Chits Private Limited
Employment history and EPFO contributions of people linked to Provest Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Provest Chits Private Limited
Provest Chits Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Sowmya Suraj was appointed as Director on 01 Dec 2017.
Credit Ratings, Litigation & Regulatory Alerts for Provest Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Provest Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Provest Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Provest Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Provest Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Provest Chits Private Limited
Provest Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 01 December 2017 (9+ years old) and is registered under CIN U65990KA2017PTC108358.
Provest Chits reported revenue of ₹15.23 Lakh for FY 2025 (down 17% YoY).
Provest Chits has 2 current directors:
- Suraj Ramesh - Director
- Sowmya Suraj - Director
Provest Chits reported a net profit of ₹1.04 Lakh (net margin 6.8%) and EBITDA of ₹1.41 Lakh (EBITDA margin 9.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Provest Chits is 1% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Provest Chits is U65990KA2017PTC108358. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Provest Chits was incorporated on 01 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Provest Chits by revenue are Omkasa Securities Private Limited, Economy Commodeal Private Limited, P P Holdings Ltd, Giriraj Portfolio Private Limited, Niswarth Seva Nidhi Limited and 5 more, all in the same principal business activity (Activities auxiliary to financial service and insurance activities).
Sowmya Suraj was appointed as Director on 01 Dec 2017. Suraj Ramesh was appointed as Director on 01 Dec 2017.
The registered office of Provest Chits is at No 4 4th Floor Raghavendra Layout Behind Hp Petrol Bunk Tumkur Main Road, Bangalore, Karnataka, India – 560022.
Provest Chits has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹2 Lakh.