Rakshodaya Chits Private Limited
About Rakshodaya Chits Private Limited
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Rakshodaya Chits Private Limited is a private limited company based in Vijayanagar, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 25 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2012PTC066444. Its GSTIN is 29AAGCR1156H1ZA (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Rangaswamy Nethravathi and Bhagyamma.
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 1947/65 1st Floor 2nd Main Road 8th Cross Mcr Layout, Vijayanagar, Karnataka, India – 560040.
As per the financials filed for FY 2024, the company reported a revenue of ₹61.11 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹31.86 Lakh (net margin -52.1%) and EBITDA of -₹31.61 Lakh (EBITDA margin -51.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 8% over five years.
Court records list 53 cases involving the company, including 48 filed by the company and 5 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Rakshodaya Chits Private Limited's registered office is in Vijayanagar, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1947/65 1st Floor 2nd Main Road 8th Cross Mcr Layout, Vijayanagar, Karnataka, India – 560040
- IndustryFinancial Services, Financial Activities
To see the full contact details of Rakshodaya 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 Rakshodaya 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 Rakshodaya Chits Private Limited, buy the company report.
Financials of Rakshodaya Chits Private Limited
FY 2024 filings availableRakshodaya Chits Private Limited reported revenue of ₹61.11 Lakh (down 7% 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 7% fall in the latest year. EBITDA fell 545% 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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| Total Expenses | |||||
| EBITDA | -₹31.61 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹31.86 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -51.7% | ||||
| Net Profit Margin | -52.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Rakshodaya Chits Private Limited, buy the company report.
Board of directors of Rakshodaya Chits Private Limited
Rakshodaya Chits has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dileep Shettahalli Venkatesh | Additional Director | 03 Apr 2019 | 7 Years 6 Months | Current |
| Rangaswamy Nethravathi | Director | 25 Oct 2012 | 14 Years 0 Months | Current |
| Bhagyamma | Director | 25 Oct 2012 | 14 Years 0 Months | Current |
| Muddaiannapalya Lingaiah Chandrashekar | Additional Director | 03 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Rakshodaya 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 |
|---|---|---|---|---|---|---|
| Barabati Investment & Trading Co. Private Limited | ₹61.17 Lakh (FY 2016) | -39.0% | Bhubaneswar, Odisha, India | |||
| Jhaveri Polyyhouse Private Limited | ₹61.16 Lakh (FY 2025) | -75.0% | Mumbai, Maharashtra, India | |||
| Mahima Commotrade Pvt. Ltd. | ₹61.15 Lakh (FY 2025) | 24.0% | Kolkata, West Bengal, India | |||
| E Meditek Insurance Limited | ₹61.15 Lakh (FY 2025) | -87.0% | Delhi, India | |||
| Sree Bandla Mambha Chit Funds Private Limited | ₹61.13 Lakh (FY 2022) | -45.0% | Mahbubabad, Telangana, India | |||
| Rakshodaya Chits Private Limitedthis company | ₹61.11 Lakh (FY 2024) | -₹31.86 Lakh | -52.1% | -7.0% | Vijayanagar, Karnataka, India | |
| Bandhumithra Chit Funds Private Limited | ₹61.1 Lakh (FY 2025) | -8.0% | Medchal Malakajgiri, Telangana, India | |||
| Sanchaya Gramina Nidhi Limited | ₹61.1 Lakh (FY 2025) | 15.0% | Thiruvananthapuram, Kerala, India | |||
| Remi Securities Limited | ₹61.09 Lakh (FY 2020) | -5.0% | Mumbai, Maharashtra, India | |||
| Kavita Dealtrade Private Limited | ₹61.07 Lakh (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Vani Vilas Finance Limited | ₹61.04 Lakh (FY 2024) | 17.0% | Hosur, Tamil Nadu, India |
To see the full peer comparison of Rakshodaya Chits Private Limited, buy the company report.
Auditor
Rakshodaya Chits Private Limited is audited by G V BHAT & COMOPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G V BHAT & COMOPANY | FY 2017 | 222323 |
Shareholding
The shareholding of Rakshodaya 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 Rakshodaya Chits Private Limited, buy the company report.
Legal cases
Rakshodaya Chits Private Limited has 53 court cases on record: 48 filed by Rakshodaya Chits, 5 filed against it. 9 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 2 | 6 |
| High courts | 5 | 3 | 3 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Rakshodaya 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 Rakshodaya Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rakshodaya Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCR1156H1ZA | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rakshodaya Chits Private Limited, buy the company report.
Recent activity
Rakshodaya Chits Private Limited has 10 board changes on record since 2012: 6 appointments and 4 cessations. The latest: Chandrappa Padma ceased to be Director on 14 Jul 2025.
1 earlier event is in the company report.
Frequently asked questions
Rakshodaya Chits is an active private limited company based in Vijayanagar, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 25 October 2012 (14+ years old) and is registered under CIN U65992KA2012PTC066444.
Rakshodaya Chits has 4 current directors:
- Dileep Shettahalli Venkatesh - Additional Director
- Rangaswamy Nethravathi - Director
- Bhagyamma - Director
- Muddaiannapalya Lingaiah Chandrashekar - Additional Director
The latest financial statements of Rakshodaya 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 2015 are in the company report.
The GSTIN of Rakshodaya Chits is 29AAGCR1156H1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Rakshodaya Chits is U65992KA2012PTC066444. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rakshodaya Chits has 53 court cases on record: 48 filed by the company and 5 filed against it. 9 are pending. Most are in the district courts.
Rakshodaya Chits was incorporated on 25 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Rakshodaya Chits by revenue are Barabati Investment & Trading Co. Private Limited, Jhaveri Polyyhouse Private Limited, Mahima Commotrade Pvt. Ltd, E Meditek Insurance Limited, Sree Bandla Mambha Chit Funds Private Limited and 5 more, all in the same principal business activity (other financial activities).
Chandrappa Padma ceased to be Director on 14 Jul 2025. Chandraiah Subbaiah ceased to be Additional Director on 30 Jun 2025. Chandraiah Subbaiah was appointed as Additional Director on 03 Apr 2019. Rakshodaya Chits has 10 board changes on record in total.
The registered office of Rakshodaya Chits is at 194765 1st Floor 2nd Main Road 8th Cross Mcr Layout, Vijayanagar, Karnataka, India – 560040.
Rakshodaya Chits operates in the financial services industry, in the financial activities segment.