Ajjaiah Chit Funds Private Limited
About Ajjaiah Chit Funds Private Limited
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Ajjaiah Chit Funds Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 18 March 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1986PTC007523. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors Vijay Chandra Patel and Chikkaballapura Venkatasubbaroa Jayashree.
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 68/20 1st Floor 5th Cross Hanumanthanagar Bangalore, Karnataka, India – 560019.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.56 Lakh, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹23,084 (net margin 2%) and EBITDA of ₹2.52 Lakh (EBITDA margin 21.8%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹20 Lakh on record. Court records list 18 cases involving the company, including 13 filed by the company and 5 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ajjaiah Chit Funds Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address68/20 1st Floor 5th Cross Hanumanthanagar Bangalore, Karnataka, India – 560019
- IndustryFinancial Services, Financial Activities
To see the full contact details of Ajjaiah Chit Funds 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 Ajjaiah Chit Funds 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 Ajjaiah Chit Funds Private Limited, buy the company report.
Financials of Ajjaiah Chit Funds Private Limited
FY 2025 filings availableAjjaiah Chit Funds Private Limited reported revenue of ₹11.56 Lakh (up 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 15% 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 | ₹2.52 Lakh | ||||
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| Net Profit (PAT) | ₹23,084 | ||||
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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 | 21.8% | ||||
| Net Profit Margin | 2% | ||||
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To see the full financial statements and ratios of Ajjaiah Chit Funds Private Limited, buy the company report.
Board of directors of Ajjaiah Chit Funds Private Limited
Ajjaiah Chit Funds has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Chandra Patel | Director | 01 Aug 2016 | 10 Years 3 Months | Current |
| Chikkaballapura Venkatasubbaroa Jayashree | Director | 30 Sep 1993 | 33 Years 1 Months | Current |
Auditor
Ajjaiah Chit Funds Private Limited is audited by NAGAR&NAVADA for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAGAR&NAVADA | FY 2017 | 015832S |
Shareholding
The shareholding of Ajjaiah Chit Funds Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ajjaiah Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Aug 2021 | 100495661 | Karnataka Bank Ltd. | ₹15 Lakh | Open | |
| 10 May 2019 | 100285351 | Others | ₹5 Lakh | Open |
To see the full charge records of Ajjaiah Chit Funds Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ajjaiah Chit Funds Private Limited has 18 court cases on record: 13 filed by Ajjaiah Chit Funds, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 5 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Ajjaiah Chit Funds 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 Ajjaiah Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ajjaiah Chit Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ajjaiah Chit Funds Private Limited, buy the company report.
Recent activity
Ajjaiah Chit Funds Private Limited has 5 board changes on record since 1993: 2 appointments and 3 cessations. The latest: Vijay Chandra Patel ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Ajjaiah Chit Funds is an active private limited company based in Bangalore, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 18 March 1986 (40+ years old) and is registered under CIN U65992KA1986PTC007523.
Ajjaiah Chit Funds has 2 current directors:
- Vijay Chandra Patel - Director
- Chikkaballapura Venkatasubbaroa Jayashree - Director
The latest financial statements of Ajjaiah Chit Funds 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.
No. Ajjaiah Chit Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ajjaiah Chit Funds is U65992KA1986PTC007523. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajjaiah Chit Funds has 18 court cases on record: 13 filed by the company and 5 filed against it.
Ajjaiah Chit Funds was incorporated on 18 March 1986, making it 40+ years old. It is registered with the Registrar of Companies, Bangalore.
Vijay Chandra Patel ceased to be Additional Director on 30 Sep 2019. Kumble Gurushankar Akshatha ceased to be Additional Director on 05 Aug 2016. Vijay Chandra Patel was appointed as Director on 01 Aug 2016. Ajjaiah Chit Funds has 5 board changes on record in total.
The registered office of Ajjaiah Chit Funds is at 6820 1st Floor 5th Cross Hanumanthanagar Bangalore, Karnataka, India – 560019.
Ajjaiah Chit Funds operates in the financial services industry, in the financial activities segment.
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