About Shanthala Chits
Shanthala Chits is a company founded in 1996. Shanthala Chits offers products and services including Chit Fund Schemes and Savings Plans.
- SectorsFinancial Services
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- Legal Name Shanthala Chits Private Limited
- Date of Incorporation 07 Apr, 1995
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.80 Cr
FY 2024 · +47% YoY
- Net Profit₹0.14 Cr
FY 2024 · 8% margin
- EBITDA₹0.28 Cr
FY 2024 · 16% margin
Associated legal entities of Shanthala Chits
Shanthala Chits operates through Shanthala 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 |
|---|---|---|---|---|---|---|---|
| Shanthala Chits Private Limited. CIN U85110KA1995PTC017577 | Active | 07 Apr 1995 | Bangalore, Karnataka | ₹1.8 Cr | – | 4 | View details |
Products & Services of Shanthala Chits
Shanthala Chits offers a comprehensive portfolio of products and services, including Chit Fund Schemes and Savings Plans.
Chit fund schemes are provided to enable participative savings and regular auctions for members, allowing access to funds in financial needs.
Savings plans are offered to suit salaried individuals and business owners, facilitating steady returns and habit formation through monthly contributions.
Board of directors of Shanthala Chits Private Limited. (Shanthala Chits)
Shanthala Chits Private Limited. is the primary company behind Shanthala Chits. The board of Shanthala Chits Private Limited. currently have 4 directors; the longest-serving is Sridhar Alampalli, appointed in 1995. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sridhar Alampalli DIN 01032980 | Director | 14 Dec 1995 | 30 yrs 9 mo | Shanthala Chits Private Limited. |
| Sridevi DIN 01274459 | Director | 04 Jan 1996 | 30 yrs 9 mo | Shanthala Chits Private Limited. |
| Venkateshkumar Kasetty Sreenivasaiah DIN 01785554 | Director | 04 Jan 1996 | 30 yrs 9 mo | Shanthala Chits Private Limited. |
| Swarup Sridhar DIN 05202751 | Managing Director | 09 Jan 2018 | 8 yrs 8 mo | Shanthala Chits Private Limited. |
Financials of Shanthala Chits
Figures of Shanthala Chits Private Limited., the primary company behind Shanthala Chits, for FY 2024. Revenue was ₹1.80 Cr (+47% year on year). Net profit was ₹0.14 Cr (8% margin). EBITDA was ₹0.28 Cr (16% margin). Revenue has grown at a compounded annual rate of +13% over three years and +9% over five years.
- ₹1.80 CrRevenue · FY 2024 · +47% YoY
- ₹0.14 CrNet profit · 8% margin
- ₹0.28 CrEBITDA · 16% margin
- ₹0.45 CrPaid-up capital
- +13%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shanthala Chits Private Limited. are on its company page.
Detailed financial statements for Shanthala Chits
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Frequently Asked Questions about Shanthala Chits
Shanthala Chits was founded in 1996.
The primary company behind Shanthala Chits, Shanthala Chits Private Limited., reported revenue of ₹1.80 Cr for FY 2024, up 47% year on year.
Shanthala Chits is identified as a registered chit fund company that operates under the Chit Fund Act of 1982, where multiple schemes are made available for participative savings among members. Fixed amounts are collected monthly, and auctions are conducted to distribute funds, with all schemes registered with the State Government to ensure security through fixed deposits. Testimonials indicate that financial support has been extended during emergencies, aiding individuals and businesses in managing crises. The company is noted for promoting regular saving habits without being influenced by market conditions, serving as a reliable option for salaried professionals and owners. Overall, it is recognized for facilitating growth and stability in finances.
Shanthala Chits offers Chit Fund Schemes and Savings Plans.
Shanthala Chits operates through Shanthala Chits Private Limited..
The legal entities of Shanthala Chits currently have 4 directors, including Sridevi, Sridhar Alampalli, Swarup Sridhar and others.