About NavaShakthi Chits
NavaShakthi Chits is a Financial Services company based in Bengaluru (India) founded in 2006. It offers financial services including chit funds and a range of products. It operates on a B2C model. The company has 85 employees. Its Indian entity Navashakthi Chits Private Limited reported revenue of ₹5.20 Cr. Its focus areas include Banking and Lending, Investment Products and Chit Funds. Its competitors include Scripbox, FundsIndia and Kuvera; 3 of its 3 listed competitors have raised funding.
Company details
NavaShakthi Chits offers financial services including chit funds and a range of products through offering financial products and advice, banking and lending, investment products, and chit funds. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
- Headquarters Bengaluru, India
- Employees 85
- SectorsFinancial Services
- Website navashakthichits.com
- Legal Name Navashakthi Chits Private Limited
- Date of Incorporation 30 Jan, 2006
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.20 Cr
FY 2024 · +6% YoY
- Net Profit₹8.3 Lakh
FY 2024 · 2% margin
- EBITDA₹1.05 Cr
FY 2024 · 20% margin
- Employee Count85
Associated legal entities of NavaShakthi Chits
NavaShakthi Chits operates through Navashakthi Chits Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Navashakthi Chits Private Limited CIN U65992KA2006PTC038337 | Active | 30 Jan 2006 | Bangalore, Karnataka | ₹5.2 Cr | 60 | 2 | View details |
Board of directors of Navashakthi Chits Private Limited (NavaShakthi Chits)
Navashakthi Chits Private Limited is the primary company behind NavaShakthi Chits. The board of Navashakthi Chits Private Limited currently have 2 directors; the longest-serving is Vadivelu Narayana Murthy, appointed in 2006. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vadivelu Narayana Murthy DIN 02600363 | Director | 30 Jan 2006 | 20 yrs 8 mo | Navashakthi Chits Private Limited |
| Vadivel Narayana Murthy Saravanan DIN 01902996 | Managing Director | 16 May 2010 | 16 yrs 5 mo | Navashakthi Chits Private Limited |
Financials of NavaShakthi Chits
Figures of Navashakthi Chits Private Limited, the primary company behind NavaShakthi Chits, for FY 2024. Revenue was ₹5.20 Cr (+6% year on year). Net profit was ₹8.3 Lakh (2% margin). EBITDA was ₹1.05 Cr (20% margin). Revenue has grown at a compounded annual rate of +11% over three years and +9% over five years.
- ₹5.20 CrRevenue · FY 2024 · +6% YoY
- ₹8.3 LakhNet profit · 2% margin
- ₹1.05 CrEBITDA · 20% margin
- ₹1.00 CrPaid-up capital
- 60Employees (provident fund records)
- +11%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Navashakthi Chits Private Limited are on its company page.
Detailed financial statements for NavaShakthi Chits
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Competitors of NavaShakthi Chits
NavaShakthi Chits has 3 listed competitors in our database, 3 of them funded. They include Scripbox, FundsIndia and Kuvera.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scripbox.com | 2012 | Bengaluru, India | $83.98M | 398 | Platform offering mutual fund investments, financial planning, and wealth growth services | |
| fundsindia.com | 2008 | Chennai, India | $16.64M | 881 | Online investment platform for mutual funds and other financial products | |
| kuvera.in | 2016 | Bengaluru, India | $10.11M | 82 | Mutual fund portfolios are created via an app-based investment platform. |
Detailed competitors of NavaShakthi Chits
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Verified entity values are shown only after access is granted.
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Frequently Asked Questions about NavaShakthi Chits
NavaShakthi Chits was founded in 2006.
NavaShakthi Chits is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
NavaShakthi Chits has 85 employees.
The primary company behind NavaShakthi Chits, Navashakthi Chits Private Limited, reported revenue of ₹5.20 Cr for FY 2024, up 6% year on year.
NavaShakthi Chits offers financial services including chit funds and a range of products through offering financial products and advice, banking and lending, investment products, and chit funds. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
NavaShakthi Chits's top competitors include Scripbox, FundsIndia and Kuvera.
NavaShakthi Chits operates through Navashakthi Chits Private Limited.
The legal entities of NavaShakthi Chits currently have 2 directors, including Vadivel Narayana Murthy Saravanan, Vadivelu Narayana Murthy.