Avishkar Chit Fund Private Limited
About Avishkar Chit Fund Private Limited
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Avishkar Chit Fund Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the trust segment of the financial services sector. It was incorporated on 04 June 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65992TG1998PTC029528.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.5 Lakh. It is led by directors Ramlal Bhattiprolu (Managing Director) and Lakshmi Bhattiprolu.
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 is at Flat No:404 Manjula Apprtsplot No: Hig – 1 2 3 Dharma Reddybcolony, Hyderabad, Telangana, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.14 Lakh, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹61,842 (net margin -19.7%) and EBITDA of -₹11,841 (EBITDA margin -3.8%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years.
As per MCA filings, the company has open charges of ₹8 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Avishkar Chit Fund has one previous CIN (Corporate Identification Number): U65992AP1998PTC029528. The current CIN is U65992TG1998PTC029528, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65992TG1998PTC029528 | Current |
| U65992AP1998PTC029528 | Previous |
Contact details
Avishkar Chit Fund Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No:404 Manjula Apprtsplot No: Hig – 1 2 3 Dharma Reddybcolony, Hyderabad, Telangana, India
- IndustryFinancial Services, Trust, Other Financial Holding, Fund
To see the full contact details of Avishkar Chit Fund 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 Avishkar Chit Fund is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies |
To see the full business activity and turnover split of Avishkar Chit Fund Private Limited, buy the company report.
Financials of Avishkar Chit Fund Private Limited
FY 2018 filings availableAvishkar Chit Fund Private Limited reported revenue of ₹3.14 Lakh (down 24% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over three years, including a 24% fall in the latest year. EBITDA rose 89% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | -₹11,841 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹61,842 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Receivables | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -3.8% | |||
| Net Profit Margin | -19.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Avishkar Chit Fund Private Limited, buy the company report.
Board of directors of Avishkar Chit Fund Private Limited
Avishkar Chit Fund 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 |
|---|---|---|---|---|
| Ramlal Bhattiprolu | Managing Director | 04 Jun 1998 | 28 Years 5 Months | Current |
| Lakshmi Bhattiprolu | Director | 01 Sep 2007 | 19 Years 2 Months | Current |
Peer comparison
Avishkar Chit Fund Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (activities by trusts, funds and other financial holding companies), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rukhmanidevi Ramkumar Tosniwal Foundation | ₹3.6 Lakh (FY 2025) | 60.0% | Surat, Gujarat, India | |||
| Pragati Global Finance Limited | ₹3.53 Lakh (FY 2024) | -25.0% | Ahmedabad, Gujarat, India | |||
| Wave Finserve Private Limited | ₹3.5 Lakh (FY 2024) | -98.0% | New Delhi, Delhi, India | |||
| L&T Infra Investment Partners Trustee Private Limited | ₹3.17 Lakh (FY 2025) | 26.0% | Mumbai, Maharashtra, India | |||
| Lucent Sales Private Limited | ₹3.16 Lakh (FY 2024) | 99.0% | Kolkata, West Bengal, India | |||
| Avishkar Chit Fund Private Limitedthis company | ₹3.14 Lakh (FY 2018) | -₹61,842 | -19.7% | -24.0% | Hyderabad, Telangana, India | |
| Jagrati Citizen Benefit Nidhi Limited | ₹3.12 Lakh (FY 2024) | 3.0% | Jaipur, Rajasthan, India | |||
| Gully Ruggers Foundation | ₹3.09 Lakh (FY 2020) | New Delhi, Delhi, India | ||||
| Stargate Delta Commercials Private Limited | ₹3.01 Lakh (FY 2024) | 0.0% | Jaipur, Rajasthan, India | |||
| Stargate Alpha Private Limited | ₹3.01 Lakh (FY 2024) | 0.0% | Jaipur, Rajasthan, India | |||
| Dhruvanidhi Chit Funds Private Limited | ₹2.96 Lakh (FY 2017) | 68.0% | Chikmagalur, Karnataka, India |
To see the full peer comparison of Avishkar Chit Fund Private Limited, buy the company report.
Auditor
Avishkar Chit Fund Private Limited is audited by P V RAGHAVENDRA KUMAR for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P V RAGHAVENDRA KUMAR | FY 2017 | 216549 |
Shareholding
The shareholding of Avishkar Chit Fund 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 Avishkar Chit Fund Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2000 | 90116022 | The Lakshmi Vilas Bank Limited | ₹8 Lakh | Open |
To see the full charge records of Avishkar Chit Fund Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Avishkar Chit Fund Private Limited has 2 court cases on record: 2 filed by Avishkar Chit Fund. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against an individual | Disposed |
| District court, Rangareddy, Telangana | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Avishkar Chit Fund 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 Avishkar Chit Fund 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 Avishkar Chit Fund Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Avishkar Chit Fund Private Limited has 4 board changes on record since 1998: 3 appointments and 1 cessation. The latest: Srinivasa Rao Koganti ceased to be Director on 14 Apr 2009.
Frequently asked questions
Avishkar Chit Fund is an active private limited company based in Hyderabad, Telangana, India. The company works in trust, within the financial services industry. It was incorporated on 04 June 1998 (28+ years old) and is registered under CIN U65992TG1998PTC029528.
Avishkar Chit Fund has 2 current directors:
- Ramlal Bhattiprolu - Managing Director
- Lakshmi Bhattiprolu - Director
The latest financial statements of Avishkar Chit Fund 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Avishkar Chit Fund is U65992TG1998PTC029528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avishkar Chit Fund has 2 court cases on record: 2 filed by the company.
Avishkar Chit Fund was incorporated on 04 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Avishkar Chit Fund by revenue are Rukhmanidevi Ramkumar Tosniwal Foundation, Pragati Global Finance Limited, Wave Finserve Private Limited, L&T Infra Investment Partners Trustee Private Limited, Lucent Sales Private Limited and 5 more, all in the same principal business activity (activities by trusts, funds and other financial holding companies).
Srinivasa Rao Koganti ceased to be Director on 14 Apr 2009. Lakshmi Bhattiprolu was appointed as Director on 01 Sep 2007. Srinivasa Rao Koganti was appointed as Director on 22 Feb 2007. Avishkar Chit Fund has 4 board changes on record in total.
The registered office of Avishkar Chit Fund is at Flat No:404 Manjula Apprtsplot No: Hig – 1 2 3 Dharma Reddybcolony, Hyderabad, Telangana, India.
Avishkar Chit Fund operates in the financial services industry, in the trust segment.
Avishkar Chit Fund has open charges of ₹8 Lakh and no satisfied charges on record as per latest MCA filings.
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