Audra Chits India Private Limited
About Audra Chits India Private Limited
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Audra Chits India Private Limited was a private limited company based in Bengaluru, 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 intermediation and lending segment of the financial services sector. It was incorporated on 27 July 2016.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2016PTC095310.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Jaisimha Shyamsundar Singrajan (Managing Director) and Ramaiah Shyamsundar Manjula.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Bengaluru, Karnataka.
As per the financials filed for FY 2018, the company reported a revenue of ₹5.14 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹14.4 Lakh (net margin -280%) and EBITDA of -₹9.46 Lakh (EBITDA margin -184%).
Court records list 1 case involving the company, including 1 filed against it.
Company details
Contact details
Audra Chits India Private Limited's registered office is in Bengaluru, Karnataka.
- Registered AddressNo. 34 Manikantha Sankeerna 2nd Floor 3rd Block Near Gangamma Temple Road Thyagarajanag, Ar, Bengaluru, Karnataka, India – 560028
- IndustryFinancial Services, Other Financial Intermediation
- 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 Audra Chits India 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 Audra Chits India Private Limited, buy the company report.
Financials of Audra Chits India Private Limited
FY 2018 filings availableAudra Chits India Private Limited reported revenue of ₹5.14 Lakh (up 382% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 382% in the latest year. EBITDA fell 22% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹9.46 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹14.4 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 2017-18 | FY 2016-17 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -184% | |
| Net Profit Margin | -280% | |
| 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 Audra Chits India Private Limited, buy the company report.
Board of directors of Audra Chits India Private Limited
Audra Chits India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaiah Shyamsundar Manjula | Additional Director | 07 Sep 2018 | 8 Years 1 Months | As last reported |
| Jaisimha Shyamsundar Singrajan | Managing Director | 27 Jul 2016 | 10 Years 3 Months | As last reported |
Peer comparison
Audra Chits India 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 |
|---|---|---|---|---|---|---|
| Raghukulam Nidhi Limited | ₹5.15 Lakh (FY 2024) | 1279.0% | Kozhikode, Kerala, India | |||
| Asp Mutual Benefit Nidhi Limited | ₹5.15 Lakh (FY 2023) | 49.0% | New Delhi, Delhi, India | |||
| Nilfee Fintech Private Limited | ₹5.15 Lakh (FY 2024) | Chennai, Tamil Nadu, India | ||||
| Samvridhi Mutual Benefit Nidhi Limited | ₹5.15 Lakh (FY 2021) | Dharmanagar, Tripura, India | ||||
| SRSL International Private Limited | ₹5.15 Lakh (FY 2025) | 18.0% | Jaipur, Rajasthan, India | |||
| Audra Chits India Private Limitedthis company | ₹5.14 Lakh (FY 2018) | -₹14.4 Lakh | -280% | 382.0% | Bengaluru, Karnataka, India | |
| Renaissance Trustee Company Pvt Ltd | ₹5.14 Lakh (FY 2025) | 7867.0% | New Delhi, Delhi, India | |||
| Rich `N' Rich Finance and Holdings Limited | ₹5.14 Lakh (FY 2019) | 42.0% | Hyderabad, Telangana, India | |||
| Vaisravana Kuries Private Limited | ₹5.13 Lakh (FY 2025) | 4.0% | Thrissur, Kerala, India | |||
| Laxmidhara Nidhi Limited | ₹5.13 Lakh (FY 2022) | 12.0% | Jaipur, Rajasthan, India | |||
| Utthan Mutual Benefit Limited | ₹5.13 Lakh (FY 2024) | 7.0% | Patna, Bihar, India |
To see the full peer comparison of Audra Chits India Private Limited, buy the company report.
Legal cases
Audra Chits India Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Audra Chits India 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 Audra Chits India 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 Audra Chits India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Audra Chits India Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Nandini Venkatesh ceased to be Director on 29 Apr 2019.
Frequently asked questions
Audra Chits India 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.
Audra Chits India was a private limited company based in Bengaluru, Karnataka, India. The company worked in other financial intermediation, within the financial services industry. It was incorporated on 27 July 2016 and is registered under CIN U65999KA2016PTC095310. The company has been struck off by the Registrar of Companies and is no longer operational.
Audra Chits India had 2 directors:
- Jaisimha Shyamsundar Singrajan - Managing Director
- Ramaiah Shyamsundar Manjula - Additional Director
The CIN (Corporate Identification Number) of Audra Chits India is U65999KA2016PTC095310. 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 Audra Chits India is at No. 34 Manikantha Sankeerna 2nd Floor 3rd Block Near Gangamma Temple Road Thyagarajanag, Ar, Bengaluru, Karnataka, India – 560028.
Audra Chits India was incorporated on 27 July 2016. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Audra Chits India on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from FY 2017 are in the company report.
Audra Chits India operated in the financial services industry, in the other financial intermediation segment. It worked in this industry before it was struck off.
The peers of Audra Chits India by revenue are Raghukulam Nidhi Limited, Asp Mutual Benefit Nidhi Limited, Nilfee Fintech Private Limited, Samvridhi Mutual Benefit Nidhi Limited, SRSL International Private Limited and 5 more, all in the same principal business activity (other financial activities).
Audra Chits India has 1 court case on record: 1 filed against it.
Nandini Venkatesh ceased to be Director on 29 Apr 2019. Ramaiah Shyamsundar Manjula was appointed as Additional Director on 07 Sep 2018. Jaisimha Shyamsundar Singrajan was appointed as Managing Director on 27 Jul 2016.
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