Adavisiddeshwar Chits Private Limited
About Adavisiddeshwar Chits Private Limited
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Adavisiddeshwar Chits Private Limited is a private limited company based in Gokak, Karnataka, India. It operates in the chit fund and microfinance segment of the financial services sector. It was incorporated on 18 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2016PTC085344.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Hanamant Maragappa Purandare and Dinakar Chandrashekhar Guggali.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at R.S. No. 204 1A1B1C Plot No.20 Laxmi Nivas Near Laxmi Tem, Ple Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2019, the company reported a revenue of ₹7.8 Lakh, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹42,063 (net margin 5.4%) and EBITDA of ₹57,014 (EBITDA margin 7.3%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Adavisiddeshwar Chits Private Limited's registered office is in Gokak, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressR.S. No. 204 1A1B1C Plot No.20 Laxmi Nivas Near Laxmi Tem, Ple Gokak, Karnataka, India – 591307
- IndustryFinancial Services, Chit Fund, Other Financial Intermediation, Kuri Companies
To see the full contact details of Adavisiddeshwar 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 Adavisiddeshwar 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 Adavisiddeshwar Chits Private Limited, buy the company report.
Financials of Adavisiddeshwar Chits Private Limited
FY 2019 filings availableAdavisiddeshwar Chits Private Limited reported revenue of ₹7.8 Lakh (down 42% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 42% in the latest year. EBITDA fell 46% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹7.8 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹57,014 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹42,063 | |||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.3% | |||
| Net Profit Margin | 5.4% | |||
| 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 Adavisiddeshwar Chits Private Limited, buy the company report.
Board of directors of Adavisiddeshwar Chits Private Limited
Adavisiddeshwar Chits has 9 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hanamant Maragappa Purandare | Director | 28 Jan 2016 | 10 Years 9 Months | Current |
| Dinakar Chandrashekhar Guggali | Director | 28 Jan 2016 | 10 Years 9 Months | Current |
| Shrishail Ramachandra Naik | Director | 18 Jan 2016 | 10 Years 9 Months | Current |
| Shivanand Vittal Pujeri | Director | 28 Jan 2016 | 10 Years 9 Months | Current |
| Balappa Adrushappa Gidnavar | Director | 18 Jan 2016 | 10 Years 9 Months | Current |
| Shivalingappa Pundalikappa Jakkannavar | Director | 18 Jan 2016 | 10 Years 9 Months | Current |
Peer comparison
Adavisiddeshwar 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 |
|---|---|---|---|---|---|---|
| Ansett Travel and Forex Private Limited | ₹7.81 Lakh (FY 2020) | -6.0% | Hyderabad, Telangana, India | |||
| Dwarika Dheesh Protection Private Limited | ₹7.8 Lakh (FY 2025) | -24.0% | Agra Up, Uttar Pradesh, India | |||
| Samooham Kuries Private Limited | ₹7.8 Lakh (FY 2017) | -29.0% | Lakuda P.O, Thrissur-680 126, Kerala, India | |||
| Dabriwal Investment & Financiers Pvt Ltd | ₹7.8 Lakh (FY 2024) | 1.0% | Kolkata, West Bengal, India | |||
| Lifeguard Financial Nidhi Limited | ₹7.8 Lakh (FY 2022) | 55.0% | Ahmedabad, Gujarat, India | |||
| Adavisiddeshwar Chits Private Limitedthis company | ₹7.8 Lakh (FY 2019) | ₹42,063 | 5.4% | -42.0% | Gokak, Karnataka, India | |
| Aatmanirbharbharat Urban Jancreditline Foundation | ₹7.8 Lakh (FY 2025) | 4.0% | Varanasi, Uttar Pradesh, India | |||
| Wealthline Solutions Private Limited | ₹7.79 Lakh (FY 2018) | Delhi, India | ||||
| Anika Jagatkalyan Nidhi Limited | ₹7.79 Lakh (FY 2024) | -38.0% | Morna, Uttar Pradesh, India | |||
| Chanda Contribution Nidhi Limited | ₹7.79 Lakh (FY 2022) | 65.0% | Raebareli, Uttar Pradesh, India | |||
| Arnadu Chit Fund Private Ltd | ₹7.78 Lakh (FY 2024) | -56.0% | Thillainagar, Tamil Nadu, India |
To see the full peer comparison of Adavisiddeshwar Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Adavisiddeshwar 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 Adavisiddeshwar 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 Adavisiddeshwar Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Adavisiddeshwar Chits Private Limited has 9 board changes on record since 2016: 9 appointments. The latest: Dinakar Chandrashekhar Guggali was appointed as Director on 28 Jan 2016.
Frequently asked questions
Adavisiddeshwar Chits is an active private limited company based in Gokak, Karnataka, India. The company works in chit fund, within the financial services industry. It was incorporated on 18 January 2016 (10+ years old) and is registered under CIN U65992KA2016PTC085344.
Adavisiddeshwar Chits has 9 current directors:
- Hanamant Maragappa Purandare - Director
- Dinakar Chandrashekhar Guggali - Director
- Shrishail Ramachandra Naik - Director
- Shivanand Vittal Pujeri - Director
- Balappa Adrushappa Gidnavar - Director
- Shivalingappa Pundalikappa Jakkannavar - Director
- Ashok Shiddalingappa Hasarangi - Director
- Timmanna Vittal Pawar - Director
- Ningappa Laxman Tolinavar - Director
The latest financial statements of Adavisiddeshwar Chits on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Adavisiddeshwar Chits is U65992KA2016PTC085344. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adavisiddeshwar Chits was incorporated on 18 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Adavisiddeshwar Chits by revenue are Ansett Travel and Forex Private Limited, Dwarika Dheesh Protection Private Limited, Samooham Kuries Private Limited, Dabriwal Investment & Financiers Pvt Ltd, Lifeguard Financial Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Dinakar Chandrashekhar Guggali was appointed as Director on 28 Jan 2016. Hanamant Maragappa Purandare was appointed as Director on 28 Jan 2016. Shivanand Vittal Pujeri was appointed as Director on 28 Jan 2016. Adavisiddeshwar Chits has 9 board changes on record in total.
The registered office of Adavisiddeshwar Chits is at R.S. No. 204 1A1B1C Plot No.20 Laxmi Nivas Near Laxmi Tem, Ple Gokak, Karnataka, India – 591307.
Adavisiddeshwar Chits operates in the financial services industry, in the chit fund segment.
The compliance status of Adavisiddeshwar Chits is compliant as of 04 August 2026. The company is actively filing with the Registrar of Companies.
Adavisiddeshwar Chits can be reached at its registered office: R.S. No. 204 1A1B1C Plot No.20 Laxmi Nivas Near Laxmi Tem, Ple Gokak, Karnataka, India – 591307.
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