MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-MH-07-0023958
Ashtavinayak Chits Private Limited
Ashtavinayak Chits Private Limited - financial services in Lonar, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹2.94 Lakh
▼ 42% YoY
Net profit · FY 2022
₹27,735
Net margin 9.4%
EBITDA · FY 2022
₹40,149
EBITDA margin 13.6%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
3
As per MCA filings
Last financials
Mar 2022
Balance sheet date
About Ashtavinayak Chits Private Limited
Data last updated:
Ashtavinayak Chits Private Limited is a private limited company based in Lonar, Maharashtra, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 27 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U65992MH2016PTC282916.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sitaram Pitty Gopikishan and Amol Pitti Sitaram.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Shop No.2 Nearby Bagwat Takij Lonar Road, Maharashtra, India – 443302.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.94 Lakh, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹27,735 (net margin 9.4%) and EBITDA of ₹40,149 (EBITDA margin 13.6%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years.
Ashtavinayak Chits Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-07-0023958). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U65992MH2016PTC282916
Registration Number 282916
Incorporation Date 27 June 2016
ROC Nagpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-07-0023958
Key People
Sitaram Pitty Gopikishan Director Amol Pitti Sitaram Director Deepak Pitty Sitaram Director Recognitions & Rankings of Ashtavinayak Chits
Contact details
Ashtavinayak Chits Private Limited's registered office is in Lonar, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No.2 Nearby Bagwat Takij Lonar Road, Maharashtra, India – 443302
- IndustryFinancial Services, Financial Activities
To see the full contact details of Ashtavinayak Chits Private Limited, buy the company report.
Comprehensive company report
Ashtavinayak Chits Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Ashtavinayak 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 Ashtavinayak Chits Private Limited, buy the company report.
Financials of Ashtavinayak Chits Private Limited
FY 2022 filings availableAshtavinayak Chits Private Limited reported revenue of ₹2.94 Lakh (down 42% YoY) for FY 2022.
Revenue · FY 2022
₹2.94 Lakh ▼ 42%
Net profit · FY 2022
₹27,735 margin 9.4%
EBITDA · FY 2022
₹40,149 margin 13.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 42%
3 years · compounded
▼ 36%
EBITDA CAGR growth
1 year
▼ 33%
3 years · compounded
▼ 34%
5 years · compounded
▲ 24%
Revenue has declined at a compounded annual rate (CAGR) of 36% over three years, including a 42% fall in the latest year. EBITDA fell 33% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Expenses | |||||
| EBITDA | ₹40,149 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹27,735 | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | ||||
| Net Profit Margin | 9.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Ashtavinayak Chits Private Limited, buy the company report.
Board of directors of Ashtavinayak Chits Private Limited
Ashtavinayak Chits has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sitaram Pitty Gopikishan | Director | 27 Jun 2016 | 10 Years 4 Months | Current |
| Amol Pitti Sitaram | Director | 27 Jun 2016 | 10 Years 4 Months | Current |
| Deepak Pitty Sitaram | Director | 27 Jun 2016 | 10 Years 4 Months | Current |
Peer comparison
Ashtavinayak 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 |
|---|---|---|---|---|---|---|
| Ruralsocio Economic Development Foundation(Rsedef) | ₹2.95 Lakh (FY 2025) | Lamphelpat, Manipur, India | ||||
| Mass Capital Financial Advisers Private Limited | ₹2.95 Lakh (FY 2019) | -85.0% | Mumbai, Maharashtra, India | |||
| Systochem Formulations Private Limited | ₹2.95 Lakh (FY 2025) | 10.0% | Delhi, India | |||
| SM Loan Ventures Private Limited | ₹2.95 Lakh (FY 2021) | Palghar, Maharashtra, India | ||||
| Gurupadmam Kuries Private Limited | ₹2.94 Lakh (FY 2020) | -25.0% | Thrissur, Kerala, India | |||
| Ashtavinayak Chits Private Limitedthis company | ₹2.94 Lakh (FY 2022) | ₹27,735 | 9.4% | -42.0% | Lonar, Maharashtra, India | |
| Subhamangaldeep Nidhi Limited | ₹2.94 Lakh (FY 2025) | -42.0% | Jodhpur, Rajasthan, India | |||
| Kushal Leafin Private Limited | ₹2.94 Lakh (FY 2024) | 50.0% | Hyderabad, Telangana, India | |||
| Sree Guru Dharma Chit Fund Private Limited | ₹2.94 Lakh (FY 2022) | 1824.0% | Meharauli, Delhi, India | |||
| Vishnu Mercantiles Pvt. Ltd. | ₹2.94 Lakh (FY 2025) | 11.0% | Kolkata, West Bengal, India | |||
| Ind Nidhi Limited | ₹2.93 Lakh (FY 2022) | Saran, Bihar, India |
To see the full peer comparison of Ashtavinayak Chits Private Limited, buy the company report.
Auditor
Ashtavinayak Chits Private Limited is audited by VIJAY R KALANI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY R KALANI & CO | FY 2017 | 129277W |
Shareholding
The shareholding of Ashtavinayak Chits Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ashtavinayak Chits Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ashtavinayak 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 Ashtavinayak 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 Ashtavinayak Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ashtavinayak Chits Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Amol Pitti Sitaram was appointed as Director on 27 Jun 2016.
AGM
Ashtavinayak Chits Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Ashtavinayak Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Nagpur.
Appointed
Amol Pitti Sitaram was appointed as Director.
Appointed
Deepak Pitty Sitaram was appointed as Director.
Appointed
Sitaram Pitty Gopikishan was appointed as Director.
Incorporation
27 Jun 2016
Ashtavinayak Chits Private Limited was registered on 27 Jun 2016 with Roc Nagpur & aged 10 years 4 months as per MCA records.
Frequently asked questions
Ashtavinayak Chits is an active private limited company based in Lonar, Maharashtra, India. The company works in financial activities, within the financial services industry. It was incorporated on 27 June 2016 (10+ years old) and is registered under CIN U65992MH2016PTC282916.
Ashtavinayak Chits has 3 current directors:
- Sitaram Pitty Gopikishan - Director
- Amol Pitti Sitaram - Director
- Deepak Pitty Sitaram - Director
The latest financial statements of Ashtavinayak Chits on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Ashtavinayak Chits is U65992MH2016PTC282916. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashtavinayak Chits was incorporated on 27 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Nagpur.
The peers of Ashtavinayak Chits by revenue are Ruralsocio Economic Development Foundation(Rsedef), Mass Capital Financial Advisers Private Limited, Systochem Formulations Private Limited, SM Loan Ventures Private Limited, Gurupadmam Kuries Private Limited and 5 more, all in the same principal business activity (other financial activities).
Amol Pitti Sitaram was appointed as Director on 27 Jun 2016. Deepak Pitty Sitaram was appointed as Director on 27 Jun 2016. Sitaram Pitty Gopikishan was appointed as Director on 27 Jun 2016.
Yes, Ashtavinayak Chits is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-07-0023958).
The registered office of Ashtavinayak Chits is at Shop No.2 Nearby Bagwat Takij Lonar Road, Maharashtra, India – 443302.
Ashtavinayak Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Ashtavinayak Chits is compliant as of 25 September 2026. The company is actively filing with the Registrar of Companies.
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