Varadaneshwari Chits (Belgaum) Private Limited
About Varadaneshwari Chits (Belgaum) Private Limited
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Varadaneshwari Chits (Belgaum) Private Limited was a private limited company based in Belgaum, 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 24 January 2011.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2011PTC056784.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Vivekanand Tubachi and Basavaraj Yakkundi.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 1st Floor Cts 3503/B Hadgal Mansion Narvekar Galli, Belgaum, Karnataka, India – 590001.
As per the financials filed for FY 2018, the company reported a revenue of ₹13.63 Lakh, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹76,972 (net margin 5.6%) and EBITDA of ₹76,972 (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
Court records list 26 cases involving the company, including 26 filed by the company; 1 case is pending.
Company details
Contact details
Varadaneshwari Chits (Belgaum) Private Limited's registered office is in Belgaum, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Cts 3503/B Hadgal Mansion Narvekar Galli, Belgaum, Karnataka, India – 590001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Varadaneshwari Chits (Belgaum) 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 Varadaneshwari Chits (Belgaum) is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Varadaneshwari Chits (Belgaum) Private Limited, buy the company report.
Financials of Varadaneshwari Chits (Belgaum) Private Limited
FY 2018 filings availableVaradaneshwari Chits (Belgaum) Private Limited reported revenue of ₹13.63 Lakh (down 3% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 7% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹76,972 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹76,972 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5.6% | |||
| Net Profit Margin | 5.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
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| Receivable Days | ||||
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| Net Profit Growth | ||||
To see the full financial statements and ratios of Varadaneshwari Chits (Belgaum) Private Limited, buy the company report.
Board of directors of Varadaneshwari Chits (Belgaum) Private Limited
Varadaneshwari Chits (Belgaum) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivekanand Tubachi | Director | 24 Jan 2011 | 15 Years 9 Months | As last reported |
| Basavaraj Yakkundi | Director | 24 Jan 2011 | 15 Years 9 Months | As last reported |
Peer comparison
Varadaneshwari Chits (Belgaum) Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Upadhyay Finserv Consultant Private Limited | ₹13.67 Lakh (FY 2025) | -50.0% | Varanasi, Uttar Pradesh, India | |||
| Jamcom Advisory Services Private Limited | ₹13.66 Lakh (FY 2024) | -41.0% | Indore, Madhya Pradesh, India | |||
| Torus Alphaniti Private Limited | ₹13.65 Lakh (FY 2024) | Mumbai, Maharashtra, India | ||||
| Aristobizz Financial Services Private Limited | ₹13.64 Lakh (FY 2022) | 1079.0% | Bangalore, Karnataka, India | |||
| Mny Nidhi Limited | ₹13.64 Lakh (FY 2024) | 23.0% | Malkapur, Maharashtra, India | |||
| Varadaneshwari Chits (Belgaum) Private Limitedthis company | ₹13.63 Lakh (FY 2018) | ₹76,972 | 5.6% | -3.0% | Belgaum, Karnataka, India | |
| Harmit Share Trading Private Limited | ₹13.61 Lakh (FY 2021) | -8.0% | Amethi, Uttar Pradesh, India | |||
| Effiknow Fintech Consultants Private Limited | ₹13.6 Lakh (FY 2024) | 32.0% | New Delhi, Delhi, India | |||
| Uptrend Securities Private Limited | ₹13.58 Lakh (FY 2017) | 6686.0% | Mumbai, Maharashtra, India | |||
| RSM Holding Private Limited | ₹13.57 Lakh (FY 2016) | 96.0% | Delhi, India | |||
| Diversitas Private Limited | ₹13.55 Lakh (FY 2025) | 0.0% | Ranchi, Jharkhand, India |
To see the full peer comparison of Varadaneshwari Chits (Belgaum) Private Limited, buy the company report.
Auditor
Varadaneshwari Chits (Belgaum) Private Limited is audited by S V K H & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V K H & CO | FY 2016 | 014290S |
Shareholding
The shareholding of Varadaneshwari Chits (Belgaum) 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 Varadaneshwari Chits (Belgaum) Private Limited, buy the company report.
Legal cases
Varadaneshwari Chits (Belgaum) Private Limited has 26 court cases on record: 26 filed by Varadaneshwari Chits (Belgaum). 1 case is pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 0 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| 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 |
| 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 Varadaneshwari Chits (Belgaum) 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 Varadaneshwari Chits (Belgaum) 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 Varadaneshwari Chits (Belgaum) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varadaneshwari Chits (Belgaum) Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Mahesh Chonnad ceased to be Director on 31 Mar 2018.
Frequently asked questions
Varadaneshwari Chits (Belgaum) 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.
Varadaneshwari Chits (Belgaum) was a private limited company based in Belgaum, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 24 January 2011 and is registered under CIN U65992KA2011PTC056784. The company has been struck off by the Registrar of Companies and is no longer operational.
Varadaneshwari Chits (Belgaum) had 2 directors:
- Vivekanand Tubachi - Director
- Basavaraj Yakkundi - Director
The CIN (Corporate Identification Number) of Varadaneshwari Chits (Belgaum) is U65992KA2011PTC056784. 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 Varadaneshwari Chits (Belgaum) is at 1st Floor Cts 3503B Hadgal Mansion Narvekar Galli, Belgaum, Karnataka, India – 590001.
Varadaneshwari Chits (Belgaum) was incorporated on 24 January 2011. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Varadaneshwari Chits (Belgaum) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
Varadaneshwari Chits (Belgaum) operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Varadaneshwari Chits (Belgaum) by revenue are Upadhyay Finserv Consultant Private Limited, Jamcom Advisory Services Private Limited, Torus Alphaniti Private Limited, Aristobizz Financial Services Private Limited, Mny Nidhi Limited and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).
Varadaneshwari Chits (Belgaum) has 26 court cases on record: 26 filed by the company. 1 is pending.
Mahesh Chonnad ceased to be Director on 31 Mar 2018. Pramodkumar Wakkundamath ceased to be Director on 31 Mar 2018. Basavaraj Yakkundi was appointed as Director on 24 Jan 2011. Varadaneshwari Chits (Belgaum) has 4 board changes on record in total.
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