About Bhagavathi Chits
Bhagavathi Chits is a Financial Services company. Chit fund services, including investment plans and financial benefits, are offered in Bangalore. Its Indian entity Bhagavathi Chits Private Limited reported revenue of ₹4.53 Cr. Bhagavathi Chits offers products and services including Chit Funds and Payment Services. Its focus areas include Payment Services, Digital Payments, Collection Mechanisms and Investment.
Company details
Bhagavathi Chits has been operating as a chit fund provider since 1994, with adherence to the Chit Fund Act, 1982 ensuring complete safety and transparency in auctions. Various plans, ranging from 2 Lakh to 1 Crore, are made available for subscribers, along with services like real-time passbook tracking, UPI payments, and doorstep collections. Financial stability is maintained through net owned funds, while personalized guidance and prompt prize money distribution are emphasized. Testimonials highlight the companys role in supporting individuals and businesses, fostering reliable savings and borrowing options that have evolved over time.
- SectorsFinancial Services
- Email••••••••
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- Legal Name Bhagavathi Chits Pvt. Ltd
- Date of Incorporation 30 Jun, 1997
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹4.53 Cr
FY 2025 · +26% YoY
- Indian entity net profit₹73.8 Lakh
FY 2025 · 16% margin
- Indian entity EBITDA₹1.41 Cr
FY 2025 · 31% margin
Associated legal entities of Bhagavathi Chits
Bhagavathi Chits operates through Bhagavathi Chits Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bhagavathi Chits Private Limited CIN U65992KA1997PTC022462 | Active | 30 Jun 1997 | Bangalore, Karnataka | ₹4.5 Cr | 9 | 3 | View details |
Products & Services of Bhagavathi Chits
Bhagavathi Chits offers a comprehensive portfolio of products and services, including Chit Funds and Payment Services.
Various chit plans are offered for savings and borrowing purposes, with durations and amounts ranging from 2 Lakh to 1 Crore
UPI and doorstep collection services are provided to facilitate easy payment of chit fund amounts by subscribers
Board of directors of Bhagavathi Chits Private Limited (Bhagavathi Chits)
Bhagavathi Chits Private Limited is the primary company behind Bhagavathi Chits. The board of Bhagavathi Chits Private Limited currently have 3 directors; the longest-serving is Chanthar Karunakar Shetty, appointed in 1997. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chanthar Karunakar Shetty DIN 01560349 | Director | 30 Jun 1997 | 29 yrs 3 mo | Bhagavathi Chits Private Limited |
| Pushpalatha Karunakar Shetty DIN 01849524 | Director | 26 Jun 2002 | 24 yrs 4 mo | Bhagavathi Chits Private Limited |
| Sushmitha Shetty DIN 00569846 | Director | 24 Jan 2022 | 4 yrs 9 mo | Bhagavathi Chits Private Limited |
Financials of Bhagavathi Chits
Figures of Bhagavathi Chits Private Limited, the primary company behind Bhagavathi Chits, for FY 2025. Revenue was ₹4.53 Cr (+26% year on year). Net profit was ₹73.8 Lakh (16% margin). EBITDA was ₹1.41 Cr (31% margin). Revenue has grown at a compounded annual rate of +16% over three years and +1% over five years.
- ₹4.53 CrRevenue · FY 2025 · +26% YoY
- ₹73.8 LakhNet profit · 16% margin
- ₹1.41 CrEBITDA · 31% margin
- ₹15 LakhPaid-up capital
- 9Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Bhagavathi Chits Private Limited are on its company page.
Detailed financial statements for Bhagavathi Chits
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Frequently Asked Questions about Bhagavathi Chits
The primary company behind Bhagavathi Chits, Bhagavathi Chits Private Limited, reported revenue of ₹4.53 Cr for FY 2025, up 26% year on year.
Bhagavathi Chits has been operating as a chit fund provider since 1994, with adherence to the Chit Fund Act, 1982 ensuring complete safety and transparency in auctions. Various plans, ranging from 2 Lakh to 1 Crore, are made available for subscribers, along with services like real-time passbook tracking, UPI payments, and doorstep collections. Financial stability is maintained through net owned funds, while personalized guidance and prompt prize money distribution are emphasized. Testimonials highlight the companys role in supporting individuals and businesses, fostering reliable savings and borrowing options that have evolved over time.
Bhagavathi Chits offers Chit Funds and Payment Services.
Bhagavathi Chits operates through Bhagavathi Chits Private Limited.
The legal entities of Bhagavathi Chits currently have 3 directors, including Chanthar Karunakar Shetty, Sushmitha Shetty, Pushpalatha Karunakar Shetty.