Shri Mahavinayak Chits Private Limited
About Shri Mahavinayak Chits Private Limited
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Shri Mahavinayak Chits Private Limited is a private limited company based in Gokak, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 02 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2002PTC029958. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Mahadev Annappa Miraje and Sunil Balasaheb Mangalekar.
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 Shop No.1 Baddi Complex Laxmi Temple Road, Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.76 Lakh, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹4.64 Lakh (net margin -263.8%) and EBITDA of -₹3.98 Lakh (EBITDA margin -226.2%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 51% over five years.
Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shri Mahavinayak Chits Private Limited's registered office is in Gokak, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No.1 Baddi Complex Laxmi Temple Road, Gokak, Karnataka, India – 591307
- IndustryFinancial Services, Financial Activities
To see the full contact details of Shri Mahavinayak 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 Shri Mahavinayak 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 Shri Mahavinayak Chits Private Limited, buy the company report.
Financials of Shri Mahavinayak Chits Private Limited
FY 2022 filings availableShri Mahavinayak Chits Private Limited reported revenue of ₹1.76 Lakh (down 70% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 70% fall in the latest year. EBITDA fell 79% 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 | -₹3.98 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.64 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -226.2% | ||||
| Net Profit Margin | -263.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Shri Mahavinayak Chits Private Limited, buy the company report.
Board of directors of Shri Mahavinayak Chits Private Limited
Shri Mahavinayak Chits has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahadev Annappa Miraje | Director | 02 Jan 2002 | 24 Years 9 Months | Current |
| Sunil Balasaheb Mangalekar Also directs: Kurane Textile Park Private Limited | Director | 30 Sep 2009 | 17 Years 1 Months | Current |
| Suresh Manohar Gadad Also directs: Shri Ramalingeshwar Chits (Gokak) Private Limited | Director | 22 Dec 2016 | 9 Years 10 Months | Current |
| Ramesh Balappa Patagundi | Director | 30 Sep 2009 | 17 Years 1 Months | Current |
| Roopa Prakash Kelaginamath Also directs: Shri Ramalingeshwar Chits (Gokak) Private Limited | Director | 30 Sep 2009 | 17 Years 1 Months | Current |
Peer comparison
Shri Mahavinayak 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 |
|---|---|---|---|---|---|---|
| Indma Transworld Limited | ₹1.76 Lakh (FY 2024) | 22.0% | Chennai, Tamil Nadu, India | |||
| Sarniv Urban Nidhi Limited | ₹1.76 Lakh (FY 2022) | Buldana, Maharashtra, India | ||||
| Shrikoleshwar Urban Nidhi Limited | ₹1.76 Lakh (FY 2021) | Beed, Maharashtra, India | ||||
| Agasti Chits Private Limited | ₹1.76 Lakh (FY 2020) | 30.0% | Ahmednagar, Maharashtra, India | |||
| Sambal Jyoti Nidhi Limited | ₹1.76 Lakh (FY 2023) | 26.0% | Banda, Madhya Pradesh, India | |||
| Shri Mahavinayak Chits Private Limitedthis company | ₹1.76 Lakh (FY 2022) | -₹4.64 Lakh | -263.8% | -70.0% | Gokak, Karnataka, India | |
| Green Land Nidhi Limited | ₹1.76 Lakh (FY 2020) | 94.0% | Wadakkanchery, Kerala, India | |||
| Devika Realtors Private Limited | ₹1.76 Lakh (FY 2025) | 0.0% | Kolkata, West Bengal, India | |||
| Rajendrasanchya India Nidhi Limited | ₹1.76 Lakh (FY 2024) | 5.0% | Jaipur, Rajasthan, India | |||
| Iota Epsilon Derivatives Private Limited | ₹1.76 Lakh (FY 2025) | -77.0% | Mumbai, Maharashtra, India | |||
| Prechel Finance Private Limited | ₹1.76 Lakh (FY 2024) | 25.0% | Chengalpattu, Tamil Nadu, India |
To see the full peer comparison of Shri Mahavinayak Chits Private Limited, buy the company report.
Auditor
Shri Mahavinayak Chits Private Limited is audited by Sateesh Nadagouda & Co for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sateesh Nadagouda & Co | FY 2016 | 210927 |
Shareholding
The shareholding of Shri Mahavinayak Chits Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Shri Mahavinayak Chits Private Limited, buy the company report.
Legal cases
Shri Mahavinayak Chits Private Limited has 13 court cases on record: 9 filed by Shri Mahavinayak Chits, 4 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 1 |
| High courts | 4 | 4 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| High Court, KARNATAKA | Writ petition | Filed against the company by an individual | Disposed |
| High Court, KARNATAKA | Court case (CRL.P) | Filed against the company by individuals | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Shri Mahavinayak 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 Shri Mahavinayak Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shri Mahavinayak Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Shri Mahavinayak Chits Private Limited, buy the company report.
Recent activity
Shri Mahavinayak Chits Private Limited has 14 board changes on record since 2002: 6 appointments and 8 cessations. The latest: Tukaram Pundalikappa Paschapur ceased to be Director on 27 Aug 2018.
5 earlier events are in the company report.
Frequently asked questions
Shri Mahavinayak Chits is an active private limited company based in Gokak, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 02 January 2002 (24+ years old) and is registered under CIN U65992KA2002PTC029958.
Shri Mahavinayak Chits has 5 current directors:
- Mahadev Annappa Miraje - Director
- Sunil Balasaheb Mangalekar - Director
- Suresh Manohar Gadad - Director
- Ramesh Balappa Patagundi - Director
- Roopa Prakash Kelaginamath - Director
The latest financial statements of Shri Mahavinayak Chits 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 2015 are in the company report.
No. Shri Mahavinayak Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Shri Mahavinayak Chits is U65992KA2002PTC029958. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shri Mahavinayak Chits has 13 court cases on record: 9 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Shri Mahavinayak Chits was incorporated on 02 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shri Mahavinayak Chits by revenue are Indma Transworld Limited, Sarniv Urban Nidhi Limited, Shrikoleshwar Urban Nidhi Limited, Agasti Chits Private Limited, Sambal Jyoti Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Tukaram Pundalikappa Paschapur ceased to be Director on 27 Aug 2018. Suresh Manohar Gadad ceased to be Additional Director on 29 Sep 2017. Suresh Manohar Gadad was appointed as Director on 22 Dec 2016. Shri Mahavinayak Chits has 14 board changes on record in total.
The registered office of Shri Mahavinayak Chits is at Shop No.1 Baddi Complex Laxmi Temple Road, Gokak, Karnataka, India – 591307.
Shri Mahavinayak Chits operates in the financial services industry, in the financial activities segment.
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