Vee-Eff Chits Private Limited
About Vee-Eff Chits Private Limited
Data last updated:
Vee-Eff Chits Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 06 July 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1984PTC006205. Its GSTIN is 29AACCV0030G1ZP (Karnataka).
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹8.51 Lakh. It is led by directors including Krishnam Appaiasetty Jayaprakash and Budagutta Sundararamaswamysetty Sathyanarayana.
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 No.9/2 Newl 350 Silvertower Building Ashoka Road Mysore., Karnataka, India – 570001.
As per the financials filed for FY 2024, the company reported a revenue of ₹28.59 Lakh, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹1.91 Lakh (net margin -6.7%) and EBITDA of ₹8.39 Lakh (EBITDA margin 29.3%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 10% over five years.
Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vee-Eff Chits Private Limited's registered office is in Mysore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo.9/2 Newl 350 Silvertower Building Ashoka Road Mysore., Karnataka, India – 570001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Vee-Eff 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 Vee-Eff Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Vee-Eff Chits Private Limited, buy the company report.
Financials of Vee-Eff Chits Private Limited
FY 2025 filings availableVee-Eff Chits Private Limited reported revenue of ₹28.59 Lakh (down 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 29% fall in the latest year. EBITDA fell 10% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹8.39 Lakh | ||||
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| Net Profit (PAT) | -₹1.91 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 29.3% | ||||
| Net Profit Margin | -6.7% | ||||
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To see the full financial statements and ratios of Vee-Eff Chits Private Limited, buy the company report.
Board of directors of Vee-Eff Chits Private Limited
Vee-Eff Chits has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnam Appaiasetty Jayaprakash | Director | 29 Dec 2018 | 7 Years 9 Months | Current |
| Budagutta Sundararamaswamysetty Sathyanarayana Also directs: S and S Co Mysore Private Limited | Director | 29 Dec 2018 | 7 Years 9 Months | Current |
| Krishnam Somashekara Gupta Sreenath | Director | 17 Sep 2021 | 5 Years 1 Months | Current |
Auditor
Vee-Eff Chits Private Limited is audited by SRINIVASA MURTHY & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRINIVASA MURTHY & CO | FY 2021 | 004033S |
Shareholding
The shareholding of Vee-Eff Chits Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vee-Eff Chits Private Limited, buy the company report.
Legal cases
Vee-Eff Chits Private Limited has 4 court cases on record: 2 filed by Vee-Eff Chits, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (I.C.) | Filed against the company by an individual | Disposed |
| District court, MYSURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
| District court, MYSURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
| District court, MYSURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Vee-Eff 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 Vee-Eff Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vee-Eff Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV0030G1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vee-Eff Chits Private Limited, buy the company report.
Recent activity
Vee-Eff Chits Private Limited has 11 board changes on record since 2018: 3 appointments and 8 cessations. The latest: Krishnam Vishwanatha Nagendra ceased to be Director on 06 Sep 2022.
2 earlier events are in the company report.
Frequently asked questions
Vee-Eff Chits is an active private limited company based in Mysore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 06 July 1984 (42+ years old) and is registered under CIN U65992KA1984PTC006205.
Vee-Eff Chits has 3 current directors:
- Krishnam Appaiasetty Jayaprakash - Director
- Budagutta Sundararamaswamysetty Sathyanarayana - Director
- Krishnam Somashekara Gupta Sreenath - Director
The latest financial statements of Vee-Eff Chits 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 Vee-Eff Chits is 29AACCV0030G1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Vee-Eff Chits is U65992KA1984PTC006205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vee-Eff Chits has 4 court cases on record: 2 filed by the company and 2 filed against it.
Vee-Eff Chits was incorporated on 06 July 1984, making it 42+ years old. It is registered with the Registrar of Companies, Bangalore.
Krishnam Vishwanatha Nagendra ceased to be Director on 06 Sep 2022. Krishnam Somashekara Gupta Sreenath ceased to be Additional Director on 30 Nov 2021. Krishnam Ramanathasetty Somashekaraguptha ceased to be Director on 17 Sep 2021. Vee-Eff Chits has 11 board changes on record in total.
The registered office of Vee-Eff Chits is at No.92 Newl 350 Silvertower Building Ashoka Road Mysore., Karnataka, India – 570001.
Vee-Eff Chits operates in the financial services industry, in the diversified financial services segment.