Shashi Kiran Chits Private Limited
About Shashi Kiran Chits Private Limited
Data last updated:
Shashi Kiran Chits Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the other financial holding segment of the financial services sector. It was incorporated on 18 January 2008.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2008PTC044999.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Shankar Reddy Thimma Reddy and Shashikala Thimmareddy.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at No. 1096 1st Floor Triveni Road K. N. Extn. Yeswanthpur, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.3 Lakh, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹5,836 (net margin 2.5%) and EBITDA of ₹14,357 (EBITDA margin 6.2%).
Court records list 13 cases involving the company, including 10 filed by the company and 3 filed against it.
Company details
Contact details
Shashi Kiran Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 1096 1st Floor Triveni Road K. N. Extn. Yeswanthpur, Bangalore, Karnataka, India – 560022
- IndustryFinancial Services, Other Financial Holding, Trust, Fund
To see the full contact details of Shashi Kiran 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 Shashi Kiran Chits is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Shashi Kiran Chits Private Limited, buy the company report.
Financials of Shashi Kiran Chits Private Limited
FY 2017 filings availableShashi Kiran Chits Private Limited reported revenue of ₹2.3 Lakh (down 49% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 49% in the latest year. EBITDA fell 23% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹2.3 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹14,357 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹5,836 | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 6.2% | ||
| Net Profit Margin | 2.5% | ||
| 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 Shashi Kiran Chits Private Limited, buy the company report.
Board of directors of Shashi Kiran Chits Private Limited
Shashi Kiran Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankar Reddy Thimma Reddy | Director | 18 Jan 2008 | 18 Years 9 Months | As last reported |
| Shashikala Thimmareddy | Director | 18 Jan 2008 | 18 Years 9 Months | As last reported |
Peer comparison
Shashi Kiran Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities by trusts, funds and other financial holding companies), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhabhya & Bhairavi Associates Private Limited | ₹2.6 Lakh (FY 2025) | 33.0% | Varanasi, Uttar Pradesh, India | |||
| Adhyatma Investments Private Limited | ₹2.45 Lakh (FY 2017) | -1.0% | Mumbai, Maharashtra, India | |||
| Umid Chits Private Limited | ₹2.42 Lakh (FY 2016) | 23.0% | Chandrapur, Maharashtra, India | |||
| C Mahendra Capital Limited | ₹2.36 Lakh (FY 2018) | 228.0% | Mumbai, Maharashtra, India | |||
| SDR Chit Private Limited | ₹2.35 Lakh (FY 2018) | 105.0% | Tuticorin, Tamil Nadu, India | |||
| Shashi Kiran Chits Private Limitedthis company | ₹2.3 Lakh (FY 2017) | ₹5,836 | 2.5% | -49.0% | Bangalore, Karnataka, India | |
| Varcas Humanitarian Foundation | ₹2.25 Lakh (FY 2025) | 137.0% | Silchar, Assam, India | |||
| Leela Micro Benefit Federation | ₹2.22 Lakh (FY 2024) | -75.0% | Varanasi, Uttar Pradesh, India | |||
| Ideal Advisory Services Private Limited | ₹2.18 Lakh (FY 2024) | 7.0% | Delhi, India | |||
| NNF Nidhi Limited | ₹2.18 Lakh (FY 2021) | Thodupuzha, Kerala, India | ||||
| Floret Constructions Private Limited | ₹2.17 Lakh (FY 2023) | Uluberia, West Bengal, India |
To see the full peer comparison of Shashi Kiran Chits Private Limited, buy the company report.
Auditor
Shashi Kiran Chits Private Limited is audited by VISWANATH GUPTA AND CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VISWANATH GUPTA AND CO. | FY 2017 | 004759S |
Shareholding
The shareholding of Shashi Kiran 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 Shashi Kiran Chits Private Limited, buy the company report.
Legal cases
Shashi Kiran Chits Private Limited has 13 court cases on record: 10 filed by Shashi Kiran Chits, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 3 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against individuals | Disposed |
To see the full case history of Shashi Kiran 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 Shashi Kiran Chits 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 Shashi Kiran Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Shashi Kiran Chits Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Shankar Reddy Thimma Reddy was appointed as Director on 18 Jan 2008.
Frequently asked questions
Shashi Kiran Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Shashi Kiran Chits was a private limited company based in Bangalore, Karnataka, India. The company worked in other financial holding, within the financial services industry. It was incorporated on 18 January 2008 and is registered under CIN U65992KA2008PTC044999. The company has been struck off by the Registrar of Companies and is no longer operational.
Shashi Kiran Chits had 2 directors:
- Shankar Reddy Thimma Reddy - Director
- Shashikala Thimmareddy - Director
The CIN (Corporate Identification Number) of Shashi Kiran Chits is U65992KA2008PTC044999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Shashi Kiran Chits is at No. 1096 1st Floor Triveni Road K. N. Extn. Yeswanthpur, Bangalore, Karnataka, India – 560022.
Shashi Kiran Chits was incorporated on 18 January 2008. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Shashi Kiran Chits on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
Shashi Kiran Chits operated in the financial services industry, in the other financial holding segment. It worked in this industry before it was struck off.
The peers of Shashi Kiran Chits by revenue are Bhabhya & Bhairavi Associates Private Limited, Adhyatma Investments Private Limited, Umid Chits Private Limited, C Mahendra Capital Limited, SDR Chit Private Limited and 5 more, all in the same principal business activity (activities by trusts, funds and other financial holding companies).
Shashi Kiran Chits has 13 court cases on record: 10 filed by the company and 3 filed against it.
Shankar Reddy Thimma Reddy was appointed as Director on 18 Jan 2008. Shashikala Thimmareddy was appointed as Director on 18 Jan 2008.
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