About MRJ Chits
MRJ Chits is a Financial Services company based in India. Chit fund operations and financial services in India. Its Indian entity M R J Chits Private Limited reported revenue of ₹51.3 Lakh. MRJ Chits offers products and services including Chit Schemes and Online Services. Its focus areas include Finance, Banking, Online Payments and Investment.
Company details
It is noted that MRJ Chits was established in 2005 as a registered entity under the Companies Act of 1956, operating chit funds in compliance with the Chit Funds Act, 1982. Various schemes ranging from Rs 25,000 to Rs 25,00,000 have been promoted, serving over 6,000 customers. The company is recognized for maintaining trust and long-term relationships, expanding from small-scale individuals to professionals. Online services and testimonials indicate reliable operations, with a focus on customer satisfaction and secure financial practices. This evolution has been supported by experienced directors in banking and finance.
- Headquarters India
- SectorsFinancial Services
- Email••••••••
- Social X Facebook
- Legal Name Mrj Chits Pvt Ltd
- Date of Incorporation 24 Aug, 2005
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹51.3 Lakh
FY 2025 · +12% YoY
- Net Profit₹3.1 Lakh
FY 2025 · 6% margin
- EBITDA₹4.7 Lakh
FY 2025 · 9% margin
Associated legal entities of MRJ Chits
MRJ Chits operates through M R J 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 |
|---|---|---|---|---|---|---|---|
| M R J Chits Private Limited CIN U65992KA2005PTC037034 | Active | 24 Aug 2005 | Bangalore, Karnataka | ₹0.5 Cr | 4 | View details |
Products & Services of MRJ Chits
MRJ Chits offers a comprehensive portfolio of products and services, including Chit Schemes and Online Services.
Various chit schemes are offered for savings and emergency needs, ranging from Rs 25,000 to Rs 25,00,000
Online enrollment, statement requests, and bid offers are provided to support customer transactions
Board of directors of M R J Chits Private Limited (MRJ Chits)
M R J Chits Private Limited is the primary company behind MRJ Chits. The board of M R J Chits Private Limited currently have 4 directors; the longest-serving is Ramaiah Srinivas, appointed in 2005.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramaiah Srinivas DIN 00372737 | Director | 24 Aug 2005 | 21 yrs 2 mo | M R J Chits Private Limited |
| Venkataramanappa Munnanju Munnanju DIN 00374526 | Director | 24 Aug 2005 | 21 yrs 2 mo | M R J Chits Private Limited |
| Munnanju Jairaj DIN 00372605 | Director | 24 Aug 2005 | 21 yrs 2 mo | M R J Chits Private Limited |
| Devanga Ramaiah DIN 01213359 | Director | 24 Aug 2005 | 21 yrs 2 mo | M R J Chits Private Limited |
Financials of MRJ Chits
Figures of M R J Chits Private Limited, the primary company behind MRJ Chits, for FY 2025. Revenue was ₹51.3 Lakh (+12% year on year). Net profit was ₹3.1 Lakh (6% margin). EBITDA was ₹4.7 Lakh (9% margin). Revenue has grown at a compounded annual rate of +7% over three years and -4% over five years.
- ₹51.3 LakhRevenue · FY 2025 · +12% YoY
- ₹3.1 LakhNet profit · 6% margin
- ₹4.7 LakhEBITDA · 9% margin
- ₹12 LakhPaid-up capital
- +7%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of M R J Chits Private Limited are on its company page.
Detailed financial statements for MRJ Chits
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as MRJ Chits (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about MRJ Chits
MRJ Chits is headquartered in India.
The primary company behind MRJ Chits, M R J Chits Private Limited, reported revenue of ₹51.3 Lakh for FY 2025, up 12% year on year.
It is noted that MRJ Chits was established in 2005 as a registered entity under the Companies Act of 1956, operating chit funds in compliance with the Chit Funds Act, 1982. Various schemes ranging from Rs 25,000 to Rs 25,00,000 have been promoted, serving over 6,000 customers. The company is recognized for maintaining trust and long-term relationships, expanding from small-scale individuals to professionals. Online services and testimonials indicate reliable operations, with a focus on customer satisfaction and secure financial practices. This evolution has been supported by experienced directors in banking and finance.
MRJ Chits offers Chit Schemes and Online Services.
MRJ Chits operates through M R J Chits Private Limited.
The legal entities of MRJ Chits currently have 4 directors, including Ramaiah Srinivas, Venkataramanappa Munnanju Munnanju, Munnanju Jairaj and others.