Akshodaya Chits Private Limited
About Akshodaya Chits Private Limited
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Akshodaya Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 30 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2011PTC058866. Its GSTIN is 29AAJCA5689D1ZA (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Masarajanahally Nagaraja Sheshagirirao and Lebakula Ramamurthy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at #55 2nd Floor Psn Plaza Dvg Floor Basvangudi, Bangalore, Karnataka, India – 560004.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.69 Lakh, a decline of 55% compared to the previous year. For the same year it recorded a net profit of ₹31,740 (net margin 1.9%) and EBITDA of ₹5.05 Lakh (EBITDA margin 30.2%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 36% over five years.
As per MCA filings, the company has open charges of ₹46.95 Lakh on record. Court records list 145 cases involving the company, including 92 filed by the company and 53 filed against it; 37 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Akshodaya Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address#55 2nd Floor Psn Plaza Dvg Floor Basvangudi, Bangalore, Karnataka, India – 560004
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Akshodaya 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 Akshodaya 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 Akshodaya Chits Private Limited, buy the company report.
Financials of Akshodaya Chits Private Limited
FY 2024 filings availableAkshodaya Chits Private Limited reported revenue of ₹16.69 Lakh (down 55% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 55% fall in the latest year. EBITDA fell 50% 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 | ₹5.05 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31,740 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.2% | ||||
| Net Profit Margin | 1.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Akshodaya Chits Private Limited, buy the company report.
Board of directors of Akshodaya Chits Private Limited
Akshodaya Chits has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Masarajanahally Nagaraja Sheshagirirao Also directs: Akshodaya Chits (Karnataka) Private Limited | Director | 24 Nov 2014 | 11 Years 11 Months | Current |
| Lebakula Ramamurthy | Director | 11 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Akshodaya Chits Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), with 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 |
|---|---|---|---|---|---|---|
| Vanmoh Chit Funds Private Limited | ₹16.81 Lakh (FY 2025) | 357.0% | Karamadai, Tamil Nadu, India | |||
| Omaditya Micro Finance Foundation | ₹16.79 Lakh (FY 2025) | -21.0% | Gorakhpur, Uttar Pradesh, India | |||
| St. Sebastian's Kuries Limited | ₹16.74 Lakh (FY 2025) | 17.0% | Thrissur, Kerala, India | |||
| Dhanabandhavya Nidhi Limited | ₹16.73 Lakh (FY 2023) | 48.0% | Bangalore, Karnataka, India | |||
| Sharthi Agrotech Solution Nidhi Limited | ₹16.7 Lakh (FY 2025) | 18.0% | Behror, Rajasthan, India | |||
| Akshodaya Chits Private Limitedthis company | ₹16.69 Lakh (FY 2024) | ₹31,740 | 1.9% | -55.0% | Bangalore, Karnataka, India | |
| Dhanasakthi Chitties and Loans Pvt Ltd | ₹16.62 Lakh (FY 2025) | -2.0% | Thrissur, Kerala, India | |||
| Meadows Fincorp Nidhi Limited | ₹16.49 Lakh (FY 2025) | -51.0% | Thrissur, Kerala, India | |||
| Sreegruha Chits Private Limited | ₹16.48 Lakh (FY 2015) | 942.0% | Kadapa, Andhra Pradesh, India |
To see the full peer comparison of Akshodaya Chits Private Limited, buy the company report.
Auditor
Akshodaya Chits Private Limited is audited by MANOHAR B V & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOHAR B V & CO | FY 2019 | 016737S |
Shareholding
The shareholding of Akshodaya Chits Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Akshodaya Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2016 | 100028478 | Others | ₹39.95 Lakh | Open | |
| 14 May 2014 | 10502298 | City Union Bank Limited | ₹7 Lakh | Open |
To see the full charge records of Akshodaya Chits Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Akshodaya Chits Private Limited has 145 court cases on record: 92 filed by Akshodaya Chits, 53 filed against it. 37 cases are pending and 108 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 144 | 52 | 36 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 145)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Akshodaya 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 Akshodaya Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akshodaya Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCA5689D1ZA | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akshodaya Chits Private Limited, buy the company report.
Recent activity
Akshodaya Chits Private Limited has 7 board changes on record since 2012: 2 appointments and 5 cessations. The latest: Lebakula Ramamurthy was appointed as Director on 11 Nov 2024.
1 earlier event is in the company report.
Frequently asked questions
Akshodaya Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 30 May 2011 (15+ years old) and is registered under CIN U65992KA2011PTC058866.
Akshodaya Chits has 2 current directors:
- Masarajanahally Nagaraja Sheshagirirao - Director
- Lebakula Ramamurthy - Director
The latest financial statements of Akshodaya Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Akshodaya Chits is 29AAJCA5689D1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Akshodaya Chits is U65992KA2011PTC058866. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshodaya Chits has 145 court cases on record: 92 filed by the company and 53 filed against it. 37 are pending. Most are in the district courts.
Akshodaya Chits was incorporated on 30 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Akshodaya Chits by revenue are Vanmoh Chit Funds Private Limited, Omaditya Micro Finance Foundation, St. Sebastian's Kuries Limited, Dhanabandhavya Nidhi Limited, Sharthi Agrotech Solution Nidhi Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
Lebakula Ramamurthy was appointed as Director on 11 Nov 2024. Lebakula Ramamurthy ceased to be Additional Director on 11 Nov 2024. Gudemaranahalli Ramaiah Narayan ceased to be Director on 25 May 2022. Akshodaya Chits has 7 board changes on record in total.
The registered office of Akshodaya Chits is at #55 2nd Floor Psn Plaza Dvg Floor Basvangudi, Bangalore, Karnataka, India – 560004.
Akshodaya Chits operates in the financial services industry, in the diversified financial services segment.