About Sathyaparva Chits Private Limited
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Sathyaparva Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 09 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65923KA2010PTC054008. Its GSTIN is 29AAOCS4130L1ZW (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Raja Parvatharaju Gupta Ravishankar and Sudha Ravishanker.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 108 First Floor Srichakra East Park, Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.28 Cr, a growth of 92% compared to the previous year. For the same year it recorded a net profit of ₹14.2 Lakh (net margin 11.1%) and EBITDA of ₹19.89 Lakh (EBITDA margin 15.5%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 12% over five years.
Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sathyaparva.com.
Company details
Contact details
Sathyaparva Chits Private Limited's registered office is in Bangalore, Karnataka. Its website is sathyaparva.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 108 First Floor Srichakra East Park Road Near 8th Cross Malleshw, Aram, Bangalore, Karnataka, India – 560003
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Sathyaparva 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 Sathyaparva 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 Sathyaparva Chits Private Limited, buy the company report.
Financials of Sathyaparva Chits Private Limited
FY 2023 filings availableSathyaparva Chits Private Limited reported revenue of ₹1.28 Cr (up 92% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 92% growth in the latest year. EBITDA rose 94% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.28 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.2 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.5% | ||||
| Net Profit Margin | 11.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Sathyaparva Chits Private Limited, buy the company report.
Board of directors of Sathyaparva Chits Private Limited
Sathyaparva Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raja Parvatharaju Gupta Ravishankar | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
| Sudha Ravishanker | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
Peer comparison
Sathyaparva Chits Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| Shogun Kuries Private Limited | ₹1.3 Cr (FY 2025) | 4.0% | Thrissur, Kerala, India | |||
| Ambey Chit Funds Private Limited | ₹1.3 Cr (FY 2025) | 150.0% | Hyderabad, Telangana, India | |||
| M.V.G Chits Private Limited | ₹1.29 Cr (FY 2019) | -33.0% | Bangalore, Karnataka, India | |||
| Nagai Uma Chits Private Limited | ₹1.29 Cr (FY 2025) | -11.0% | N. Q.M, Tamil Nadu, India | |||
| Kirubai Chits Private Limited | ₹1.28 Cr (FY 2025) | -4.0% | Kanniyakumari, Tamil Nadu, India | |||
| Sathyaparva Chits Private Limitedthis company | ₹1.28 Cr (FY 2023) | ₹14.2 Lakh | 11.1% | 92.0% | Bangalore, Karnataka, India | |
| Suvarnaindradhanu Fraternity Fund India Private Limited | ₹1.28 Cr (FY 2024) | -12.0% | Nashik, Maharashtra, India | |||
| Saidapet Saswatha Nidhi Ltd | ₹1.28 Cr (FY 2025) | 7.0% | Chennai, Tamil Nadu, India | |||
| Saigeetham Chit Funds Private Limited | ₹1.27 Cr (FY 2021) | -11.0% | Warangal, Telangana, India | |||
| Palmyrah Micro Finance | ₹1.26 Cr (FY 2025) | 7.0% | Madurai, Tamil Nadu, India | |||
| The Dharmmodyam Company | ₹1.25 Cr (FY 2025) | 6.0% | Thrissur, Kerala, India |
To see the full peer comparison of Sathyaparva Chits Private Limited, buy the company report.
Auditor
Sathyaparva Chits Private Limited is audited by A V Lokendra Rao & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A V Lokendra Rao & Associates | FY 2023 | 001874S |
Shareholding
The shareholding of Sathyaparva Chits Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sathyaparva Chits Private Limited, buy the company report.
Legal cases
Sathyaparva Chits Private Limited has 6 court cases on record: 4 filed by Sathyaparva Chits, 2 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 0 |
| High courts | 1 | 1 | 1 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.P) | Filed against the company by M/S Vaishnavi Medicare Trust | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Sathyaparva 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 Sathyaparva Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sathyaparva Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCS4130L1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sathyaparva Chits Private Limited, buy the company report.
Recent activity
Sathyaparva Chits Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Raja Parvatharaju Gupta Ravishankar was appointed as Director on 09 Jun 2010.
Frequently asked questions
Sathyaparva Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 09 June 2010 (16+ years old) and is registered under CIN U65923KA2010PTC054008.
Sathyaparva Chits has 2 current directors:
- Raja Parvatharaju Gupta Ravishankar - Director
- Sudha Ravishanker - Director
The latest financial statements of Sathyaparva Chits on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Sathyaparva Chits is 29AAOCS4130L1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Sathyaparva Chits is U65923KA2010PTC054008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sathyaparva Chits has 6 court cases on record: 4 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Sathyaparva Chits was incorporated on 09 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Sathyaparva Chits by revenue are Shogun Kuries Private Limited, Ambey Chit Funds Private Limited, M.V.G Chits Private Limited, Nagai Uma Chits Private Limited, Kirubai Chits Private Limited and 5 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Raja Parvatharaju Gupta Ravishankar was appointed as Director on 09 Jun 2010. Sudha Ravishanker was appointed as Director on 09 Jun 2010.
Sathyaparva Chits can be reached through the website sathyaparva.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Sathyaparva Chits is at No. 108 First Floor Srichakra East Park Road Near 8th Cross Malleshw, Aram, Bangalore, Karnataka, India – 560003.
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