About Shardhi Chit Funds Private Limited
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Shardhi Chit Funds Private Limited is a private limited company based in Rajajinagar, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 30 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2007PTC043741. Its GSTIN is 29AALCS7349L1ZG (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It was formerly known as Shardi Chit Funds Private Limited. It is led by directors Kurudi Shivanna Rudresh (Managing Director) and Vasantha Rudresh.
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 Old No 415/A New No 62/1 1st Floor 20th Main Woc Road 1st Block, Rajajinagar, Karnataka, India – 560010.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.67 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹25.64 Lakh (net margin 15.4%) and EBITDA of ₹37.4 Lakh (EBITDA margin 22.5%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 10% over five years.
Court records list 28 cases involving the company, including 28 filed by the company; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website shardhichitfunds.in.
Company details
Contact details
Shardhi Chit Funds Private Limited's registered office is in Rajajinagar, Karnataka. Its website is shardhichitfunds.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOld No 415/A New No 62/1 1st Floor 20th Main Woc Road 1st Block, Rajajinagar, Karnataka, India – 560010
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Shardhi 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 Shardhi 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 Shardhi Chit Funds Private Limited, buy the company report.
Financials of Shardhi Chit Funds Private Limited
FY 2025 filings availableShardhi Chit Funds Private Limited reported revenue of ₹1.67 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 15% growth in the latest year. EBITDA rose 67% 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 | ₹37.4 Lakh | ||||
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| Net Profit (PAT) | ₹25.64 Lakh | ||||
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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 | 22.5% | ||||
| Net Profit Margin | 15.4% | ||||
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To see the full financial statements and ratios of Shardhi Chit Funds Private Limited, buy the company report.
Board of directors of Shardhi Chit Funds Private Limited
Shardhi 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 |
|---|---|---|---|---|
| Kurudi Shivanna Rudresh Also directs: Chiru Fenestration Private Limited | Managing Director | 30 Aug 2007 | 19 Years 2 Months | Current |
| Vasantha Rudresh Also directs: Chiru Fenestration Private Limited | Director | 01 Jan 2014 | 12 Years 10 Months | Current |
Peer comparison
Shardhi Chit Funds Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Riviresa Akshay Nidhi Limited | ₹1.7 Cr (FY 2021) | 159.0% | Pune, Maharashtra, India | |||
| Ekta Lakshmi Chit Funds Private Limited | ₹1.68 Cr (FY 2024) | 12.0% | Secunderabad, Telangana, India | |||
| Shardhi Chit Funds Private Limitedthis company | ₹1.67 Cr (FY 2025) | ₹25.64 Lakh | 15.4% | 15.0% | Rajajinagar, Karnataka, India | |
| Nitya Nidhi India Limited | ₹1.66 Cr (FY 2025) | 98.0% | Darbhanga, Bihar, India | |||
| Aalamara Nidhi Limited | ₹1.66 Cr (FY 2024) | 33.0% | Sivakasi, Tamil Nadu, India | |||
| Akshyalakshmi Chits Private Limited | ₹1.66 Cr (FY 2025) | -24.0% | Tiruchirappalli, Tamil Nadu, India |
To see the full peer comparison of Shardhi Chit Funds Private Limited, buy the company report.
Auditor
Shardhi Chit Funds Private Limited is audited by SAGAR&DHANANJAYA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAGAR&DHANANJAYA | FY 2023 | 014007S |
Shareholding
The shareholding of Shardhi Chit Funds 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 Shardhi Chit Funds Private Limited, buy the company report.
Legal cases
Shardhi Chit Funds Private Limited has 28 court cases on record: 28 filed by Shardhi Chit Funds. 2 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 0 | 2 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | 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 | Execution petition | Filed by the company against PRS Group | Disposed |
| 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 |
To see the full case history of Shardhi Chit Funds 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 Shardhi Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shardhi Chit Funds has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCS7349L1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shardhi Chit Funds Private Limited, buy the company report.
Recent activity
Shardhi Chit Funds Private Limited has 3 board changes on record since 2007: 2 appointments and 1 cessation. The latest: Rudramuni Baragur Chikarudhrappa ceased to be Director on 08 Oct 2015.
Frequently asked questions
Shardhi Chit Funds is an active private limited company based in Rajajinagar, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 30 August 2007 (19+ years old) and is registered under CIN U65992KA2007PTC043741.
Shardhi Chit Funds has 2 current directors:
- Kurudi Shivanna Rudresh - Managing Director
- Vasantha Rudresh - Director
The latest financial statements of Shardhi Chit Funds 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 GSTIN of Shardhi Chit Funds is 29AALCS7349L1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Shardhi Chit Funds is U65992KA2007PTC043741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shardhi Chit Funds has 28 court cases on record: 28 filed by the company. 2 are pending.
Shardhi Chit Funds was incorporated on 30 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shardhi Chit Funds by revenue are Riviresa Akshay Nidhi Limited, Ekta Lakshmi Chit Funds Private Limited, Nitya Nidhi India Limited, Aalamara Nidhi Limited, Akshyalakshmi Chits Private Limited, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Rudramuni Baragur Chikarudhrappa ceased to be Director on 08 Oct 2015. Vasantha Rudresh was appointed as Director on 01 Jan 2014. Kurudi Shivanna Rudresh was appointed as Managing Director on 30 Aug 2007.
Shardhi Chit Funds can be reached through the website shardhichitfunds.in. Its registered office is in Rajajinagar, Karnataka, India.
The registered office of Shardhi Chit Funds is at Old No 415A New No 621 1st Floor 20th Main Woc Road 1st Block, Rajajinagar, Karnataka, India – 560010.
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