Abhiruddhi Chits Private Limited
About Abhiruddhi Chits Private Limited
Data last updated:
Abhiruddhi 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 financial services and investment segment of the financial services sector. It was incorporated on 05 November 2014.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2014PTC077060.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Javagal Ganganna Omkaramurthy and Nagaraj Naik.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2016, the company reported a revenue of ₹11.73 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.86 Lakh (net margin -15.8%) and EBITDA of -₹1.49 Lakh (EBITDA margin -12.7%).
Company details
Contact details
Abhiruddhi 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. 18 1st Floor Mm Complex 80 Papareddypalya Circle Nagarabhavi 2nd S, Tage, Bangalore, Karnataka, India – 560072
- IndustryFinancial Services, Financial Activities
To see the full contact details of Abhiruddhi 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 Abhiruddhi 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 Abhiruddhi Chits Private Limited, buy the company report.
Financials of Abhiruddhi Chits Private Limited
FY 2016 filings availableAbhiruddhi Chits Private Limited reported revenue of ₹11.73 Lakh (up 611% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 611% in the latest year. EBITDA rose 43% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹11.73 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.49 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.86 Lakh | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -12.7% | |
| Net Profit Margin | -15.8% | |
| 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 Abhiruddhi Chits Private Limited, buy the company report.
Board of directors of Abhiruddhi Chits Private Limited
Abhiruddhi Chits has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Javagal Ganganna Omkaramurthy Also directs: Edge2 Engineering Solutions India Private Limited | Director | 05 Nov 2014 | 11 Years 11 Months | As last reported |
| Nagaraj Naik | Director | 24 Nov 2014 | 11 Years 10 Months | As last reported |
| Suresh Sollapura Maheshwarappa Also directs: Shreyoabhivruddhi Chits Private Limited | Director | 05 Nov 2014 | 11 Years 11 Months | As last reported |
| Ramesh Kuthambakam | Director | 05 Nov 2014 | 11 Years 11 Months | As last reported |
| Rudresh Benakappa Kote | Director | 05 Nov 2014 | 11 Years 11 Months | As last reported |
Peer comparison
Abhiruddhi 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 |
|---|---|---|---|---|---|---|
| Money Growth Investment & Consultants Private Limited | ₹11.75 Lakh (FY 2025) | -95.0% | Allahabad, Uttar Pradesh, India | |||
| Singla Savings Nidhi Limited | ₹11.75 Lakh (FY 2023) | -61.0% | Patiala, Punjab, India | |||
| Sarvasidhi Agencies Private Limited | ₹11.74 Lakh (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| Reliance Finvest Private Limited | ₹11.74 Lakh (FY 2025) | -22.0% | Mumbai, Maharashtra, India | |||
| Satram Leasing and Finance Limited | ₹11.74 Lakh (FY 2024) | 20.0% | Uttar Pradesh, India | |||
| Abhiruddhi Chits Private Limitedthis company | ₹11.73 Lakh (FY 2016) | -₹1.86 Lakh | -15.8% | 611.0% | Bangalore, Karnataka, India | |
| Mather India Nidhi Limited | ₹11.73 Lakh (FY 2025) | 315.0% | Burdwan, West Bengal, India | |||
| Progress Source Kuries India Private Limited | ₹11.73 Lakh (FY 2019) | 7717.0% | Pune, Maharashtra, India | |||
| Keshav Projects Private Limited | ₹11.72 Lakh (FY 2023) | 2.0% | Kolkata, West Bengal, India | |||
| Rastogi Consultants Pvt. Ltd. | ₹11.72 Lakh (FY 2025) | -40.0% | Hyderabad, Telangana, India | |||
| Artham Micro Care Foundation | ₹11.72 Lakh (FY 2023) | 113.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Abhiruddhi Chits Private Limited, buy the company report.
Auditor
Abhiruddhi Chits Private Limited is audited by R R T And Co for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R T And Co | FY 2016 | 016106S |
Shareholding
The shareholding of Abhiruddhi 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 Abhiruddhi Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Abhiruddhi Chits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Abhiruddhi 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 Abhiruddhi Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Abhiruddhi Chits Private Limited has 9 board changes on record since 2014: 5 appointments and 4 cessations. The latest: Shivkumar Chandrashekharappa ceased to be Director on 06 Jun 2019.
Frequently asked questions
Abhiruddhi 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.
Abhiruddhi Chits was a private limited company based in Bangalore, Karnataka, India. The company worked in financial activities, within the financial services industry. It was incorporated on 05 November 2014 and is registered under CIN U65992KA2014PTC077060. The company has been struck off by the Registrar of Companies and is no longer operational.
Abhiruddhi Chits had 5 directors:
- Javagal Ganganna Omkaramurthy - Director
- Nagaraj Naik - Director
- Suresh Sollapura Maheshwarappa - Director
- Ramesh Kuthambakam - Director
- Rudresh Benakappa Kote - Director
The CIN (Corporate Identification Number) of Abhiruddhi Chits is U65992KA2014PTC077060. 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 Abhiruddhi Chits is at No. 18 1st Floor Mm Complex 80 Papareddypalya Circle Nagarabhavi 2nd S, Tage, Bangalore, Karnataka, India – 560072.
Abhiruddhi Chits was incorporated on 05 November 2014. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Abhiruddhi Chits on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
Abhiruddhi Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
The peers of Abhiruddhi Chits by revenue are Money Growth Investment & Consultants Private Limited, Singla Savings Nidhi Limited, Sarvasidhi Agencies Private Limited, Reliance Finvest Private Limited, Satram Leasing and Finance Limited and 5 more, all in the same principal business activity (other financial activities).
Shivkumar Chandrashekharappa ceased to be Director on 06 Jun 2019. Basavaraj Krishnappa ceased to be Director on 29 Jan 2016. Kiran Kumar Omkara Murthy ceased to be Director on 29 Jan 2016. Abhiruddhi Chits has 9 board changes on record in total.
The compliance status of Abhiruddhi Chits is active non-compliant as of 02 September 2026.