Schchara Chit Funds Private Limited
About Schchara Chit Funds Private Limited
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Schchara Chit Funds Private Limited is a private limited company based in Davanagere, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 27 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2015PTC079945.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh. It is led by directors Manjunatha Thippanna Navilehal (Managing Director) and Nagamani Karavanna Halappa.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Davanagere, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.87 Lakh, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹4.17 Lakh (net margin -85.7%) and EBITDA of -₹4.12 Lakh (EBITDA margin -84.6%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 8% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Schchara Chit Funds Private Limited's registered office is in Davanagere, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 2533/2B1 1st Floor 7th Main R Mcc 'A' Block Next To Ramakrishna Ashra, Ma, Davanagere, Karnataka, India – 577004
- IndustryFinancial Services, Financial Activities
To see the full contact details of Schchara Chit Funds 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 Schchara Chit Funds 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 Schchara Chit Funds Private Limited, buy the company report.
Financials of Schchara Chit Funds Private Limited
FY 2022 filings availableSchchara Chit Funds Private Limited reported revenue of ₹4.87 Lakh (up 15% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 21% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹4.12 Lakh | ||||
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| Net Profit (PAT) | -₹4.17 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | -84.6% | ||||
| Net Profit Margin | -85.7% | ||||
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To see the full financial statements and ratios of Schchara Chit Funds Private Limited, buy the company report.
Board of directors of Schchara Chit Funds Private Limited
Schchara Chit Funds has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjunatha Thippanna Navilehal | Managing Director | 27 Apr 2015 | 11 Years 6 Months | Current |
| Nagamani Karavanna Halappa | Director | 27 Apr 2015 | 11 Years 6 Months | Current |
Peer comparison
Schchara Chit Funds Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Chit Funds), 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 |
|---|---|---|---|---|---|---|
| Nilackal Chit Funds Private Limited | ₹5 Lakh (FY 2023) | 43.0% | Thiruvananthapuram, Kerala, India | |||
| Khasim Khan Chit Funds Private Limited | ₹5 Lakh (FY 2024) | Kadapa, Andhra Pradesh, India | ||||
| Palani Chit Funds Private Limited | ₹4.96 Lakh (FY 2025) | -24.0% | Palani, Tamil Nadu, India | |||
| Schchara Chit Funds Private Limitedthis company | ₹4.87 Lakh (FY 2022) | -₹4.17 Lakh | -85.7% | 15.0% | Davanagere, Karnataka, India | |
| The Trading and Chit Funds Company Limited | ₹4.72 Lakh (FY 2017) | 21.0% | Ernakulam, Kerala, India | |||
| Laxmivasavi Chit Funds Private Limited | ₹4.71 Lakh (FY 2024) | -90.0% | Shadnagar, Telangana, India |
To see the full peer comparison of Schchara Chit Funds Private Limited, buy the company report.
Shareholding
The shareholding of Schchara Chit Funds Private Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Schchara Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Schchara Chit Funds 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 Schchara Chit Funds 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 Schchara Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Schchara Chit Funds Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Shivanandappa Prashanthakumara ceased to be Director on 13 Aug 2018.
Frequently asked questions
Schchara Chit Funds is an active private limited company based in Davanagere, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 27 April 2015 (11+ years old) and is registered under CIN U65992KA2015PTC079945.
Schchara Chit Funds has 2 current directors:
- Manjunatha Thippanna Navilehal - Managing Director
- Nagamani Karavanna Halappa - Director
The latest financial statements of Schchara Chit Funds on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Schchara Chit Funds is U65992KA2015PTC079945. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Schchara Chit Funds was incorporated on 27 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Schchara Chit Funds by revenue are Nilackal Chit Funds Private Limited, Khasim Khan Chit Funds Private Limited, Palani Chit Funds Private Limited, The Trading and Chit Funds Company Limited, Laxmivasavi Chit Funds Private Limited, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Shivanandappa Prashanthakumara ceased to be Director on 13 Aug 2018. Manjunatha Thippanna Navilehal was appointed as Managing Director on 27 Apr 2015. Nagamani Karavanna Halappa was appointed as Director on 27 Apr 2015.
The registered office of Schchara Chit Funds is at No 25332B1 1st Floor 7th Main R Mcc A Block Next To Ramakrishna Ashra, Ma, Davanagere, Karnataka, India – 577004.
Schchara Chit Funds operates in the financial services industry, in the financial activities segment.
The compliance status of Schchara Chit Funds is compliant as of 10 September 2026. The company is actively filing with the Registrar of Companies.
Schchara Chit Funds can be reached at its registered office: No 25332B1 1st Floor 7th Main R Mcc A Block Next To Ramakrishna Ashra, Ma, Davanagere, Karnataka, India – 577004.
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