Snehit Chits Private Limited
About Snehit Chits Private Limited
Data last updated:
Snehit Chits Private Limited was a private limited company based in Ilkal, 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 financial services and investment segment of the financial services sector. It was incorporated on 13 July 2006.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2006PTC039938.
The company had an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It was led by directors including Shridhar Shankar Sappandi (Managing Director) and Prabhavathi Prabhayya Layadagundi.
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 Stall No.16 1st Floor S.V.M. College Complex Bus Stand Road, Ilkal, Karnataka, India – 587125.
As per the financials filed for FY 2017, the company reported a revenue of ₹83,866, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹2,603 (net margin 3.1%) and EBITDA of ₹7,458 (EBITDA margin 8.9%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
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- Registered AddressStall No.16 1st Floor S.V.M. College Complex Bus Stand Road, Ilkal, Karnataka, India – 587125
- IndustryFinancial Services, Financial Activities
- 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
- One PDF report, delivered after checkout
Business Activity of Snehit Chits Private Limited
The main business activity of Snehit Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Snehit Chits Private Limited FY 2017 filings available
Snehit Chits Private Limited reported revenue of ₹83,866 (down 54% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Snehit Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 49% over three years, including a 54% fall in the latest year. EBITDA fell 48% 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 of Snehit Chits Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹7,458 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2,603 | •••• | •••• |
| 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 of Snehit Chits Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 8.9% | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Snehit Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Snehit Chits Private Limited
Snehit Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Princeton Corporate Services Private Limited | ₹84,000 (FY 2024) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Whitepaper Forex Private Limited | ₹83,975 (FY 2025) | •••• | •••• | -100.0% | •••• | Ahmedabad, Gujarat, India |
| Satyam Shivam Sundaram Finserv Private Limited | ₹83,961 (FY 2025) | •••• | •••• | 84.0% | •••• | Jaipur, Rajasthan, India |
| TRM Chitfund Private Limited | ₹83,925 (FY 2025) | •••• | •••• | 39.0% | •••• | Chennai, Tamil Nadu, India |
| Dabord India Nidhi Limited | ₹83,884 (FY 2024) | •••• | •••• | -76.0% | •••• | Agra, Uttar Pradesh, India |
| Snehit Chits Private Limited this company | ₹83,866 (FY 2017) | •••• | •••• | -54.0% | •••• | Ilkal, Karnataka, India |
| Abis Organic Fertilizer Private Limited | ₹83,850 (FY 2019) | •••• | •••• | •••• | Rajnandgaon, Chhattisgarh, India | |
| Everest Creators Private Limited | ₹83,806 (FY 2025) | •••• | •••• | 577.0% | •••• | Ahmedabad, Gujarat, India |
| Trustbay Finserv Private Limited | ₹83,720 (FY 2025) | •••• | •••• | 1074.0% | •••• | Thiruvananthapuram, Kerala, India |
| Afcc Microcare Foundation | ₹83,642 (FY 2024) | •••• | •••• | 2412.0% | •••• | Chomu, Rajasthan, India |
| Aadarsh Grameena Vikas Nidhi Limited | ₹83,579 (FY 2021) | •••• | •••• | 1196.0% | •••• | Karimnagar, Telangana, India |
Peers are the five companies nearest above and the five nearest below Snehit Chits by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Snehit Chits Private Limited
Snehit Chits Private Limited is audited by SRIKANTSURESHGADAVI for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SRIKANTSURESHGADAVI | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Snehit Chits Private Limited
Snehit Chits has 10 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhavathi Prabhayya Layadagundi | Director | 13 Jul 2006 | 20 Years 2 Months | As last reported |
| Jacksonmark Victor | Director | 13 Jul 2006 | 20 Years 2 Months | As last reported |
| Shivanna Malleshappa Dhotre | Director | 13 Jul 2006 | 20 Years 2 Months | As last reported |
| Shridhar Shankar Sappandi | Managing Director | 13 Jul 2006 | 20 Years 2 Months | As last reported |
| Raghavendra Basappa Chinchami | Director | 13 Jul 2006 | 20 Years 2 Months | As last reported |
| Sangeeta Maruti Chavan | Director | 13 Jul 2006 | 20 Years 2 Months | As last reported |
Ownership and Shareholding of Snehit Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Snehit Chits Private Limited
Snehit Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Snehit Chits Private Limited
Snehit Chits Private Limited has 1 court case on record: 1 filed by Snehit Chits. All case is disposed. Status as checked on 29 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Snehit Chits Private Limited
Employment history and EPFO contributions of people linked to Snehit Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Snehit Chits Private Limited
Snehit Chits Private Limited has 11 board changes on record since 2006: 10 appointments and 1 cessation. The latest: Shridhar Shankar Sappandi ceased to be Director on 02 May 2012.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Snehit Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Snehit Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Snehit Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Snehit Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Snehit Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Snehit Chits Private Limited
Snehit 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.
Snehit Chits was a private limited company based in Ilkal, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 13 July 2006 and is registered under CIN U65992KA2006PTC039938. The company has been struck off by the Registrar of Companies and is no longer operational.
Snehit Chits had 10 directors:
- Shridhar Shankar Sappandi - Managing Director
- Prabhavathi Prabhayya Layadagundi - Director
- Jacksonmark Victor - Director
- Shivanna Malleshappa Dhotre - Director
- Raghavendra Basappa Chinchami - Director
- Sangeeta Maruti Chavan - Director
- Prashantkumar Vijayakumar Hanchate - Director
- Mahantesh Sangappa Nainegali - Director
- Vijay Subhas Sapparad - Director
- Ramesh Keshra Patel - Director
The CIN (Corporate Identification Number) of Snehit Chits is U65992KA2006PTC039938. 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 Snehit Chits is at Stall No.16 1st Floor S.V.M. College Complex Bus Stand Road, Ilkal, Karnataka, India – 587125.
Snehit Chits was incorporated on 13 July 2006. It is registered with the Registrar of Companies, Bangalore.
Snehit Chits reported revenue of ₹83,866 for FY 2017 (down 54% YoY).
Snehit Chits has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh.
Snehit Chits reported a net profit of ₹2,603 (net margin 3.1%) and EBITDA of ₹7,458 (EBITDA margin 8.9%) for FY 2017, as per its filed financial statements.
Snehit Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The compounded annual growth rate (CAGR) of the revenue of Snehit Chits is -49% over three years. In the latest year (FY 2017) revenue fell 54%. CAGR is the steady yearly rate that links the first and the last year.