Basavashree Chit Funds Private Limited
About Basavashree Chit Funds Private Limited
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Basavashree Chit Funds Private Limited is a private limited company based in Gadhinglaj, Maharashtra, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 19 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U65992PN2013PTC147815.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors Girija Girish Kole (Managing Director) and Girish Dundappa Kole (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at H.No – 569 Bellad Corner Bazar Peth Neharu Road, Gadhinglaj, Maharashtra, India – 416502.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.77 Lakh, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹5.75 Lakh (net margin -207.5%) and EBITDA of -₹1.95 Lakh (EBITDA margin -70.4%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 30% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Basavashree Chit Funds Private Limited's registered office is in Gadhinglaj, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH.No – 569 Bellad Corner Bazar Peth Neharu Road, Gadhinglaj, Maharashtra, India – 416502
- IndustryFinancial Services, Financial Activities
To see the full contact details of Basavashree Chit Funds 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 Basavashree Chit Funds is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Basavashree Chit Funds Private Limited, buy the company report.
Financials of Basavashree Chit Funds Private Limited
FY 2022 filings availableBasavashree Chit Funds Private Limited reported revenue of ₹2.77 Lakh (down 37% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 37% fall in the latest year. EBITDA rose 18% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹1.95 Lakh | ||||
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| Net Profit (PAT) | -₹5.75 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -70.4% | ||||
| Net Profit Margin | -207.5% | ||||
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To see the full financial statements and ratios of Basavashree Chit Funds Private Limited, buy the company report.
Board of directors of Basavashree Chit Funds Private Limited
Basavashree Chit Funds has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Dundappa Kole | Whole-Time Director | 19 Jun 2013 | 13 Years 4 Months | Current |
| Girija Girish Kole | Managing Director | 19 Jun 2013 | 13 Years 4 Months | Current |
Peer comparison
Basavashree Chit Funds Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kollapur Apthamithra Chit Funds Private Limited | ₹2.96 Lakh (FY 2025) | -86.0% | Kollapur, Telangana, India | |||
| Koundinya Chit Funds Private Limited | ₹2.87 Lakh (FY 2021) | Hanamkonda, Telangana, India | ||||
| Basavashree Chit Funds Private Limitedthis company | ₹2.77 Lakh (FY 2022) | -₹5.75 Lakh | -207.5% | -37.0% | 5 | Gadhinglaj, Maharashtra, India |
| Sri Periyanachi Amman Chit Funds Private Limited | ₹2.75 Lakh (FY 2025) | 18.0% | Tiruppur, Tamil Nadu, India | |||
| Mariappah Chit Funds Private Limited | ₹2.73 Lakh (FY 2016) | 186.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Chinnamanur Radhakrishna Chit Funds Private Limited | ₹2.59 Lakh (FY 2017) | -8.0% | Tamil Nadu, India |
To see the full peer comparison of Basavashree Chit Funds Private Limited, buy the company report.
Auditor
Basavashree Chit Funds Private Limited is audited by S.S.KAMATE & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.S.KAMATE & ASSOCIATES | FY 2017 | 011403S |
Shareholding
The shareholding of Basavashree Chit Funds 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 Basavashree Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Basavashree Chit Funds Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Basavashree Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Basavashree Chit Funds Private Limited has a workforce of 5 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
No GST registration is on our record for Basavashree Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Basavashree Chit Funds Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Girija Girish Kole ceased to be Director on 01 Jan 2015.
Frequently asked questions
Basavashree Chit Funds is an active private limited company based in Gadhinglaj, Maharashtra, India. The company works in financial activities, within the financial services industry. It was incorporated on 19 June 2013 (13+ years old) and is registered under CIN U65992PN2013PTC147815.
Basavashree Chit Funds has 2 current directors:
- Girija Girish Kole - Managing Director
- Girish Dundappa Kole - Whole-Time Director
The latest financial statements of Basavashree Chit Funds on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Basavashree Chit Funds is U65992PN2013PTC147815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Basavashree Chit Funds was incorporated on 19 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Basavashree Chit Funds by revenue are Kollapur Apthamithra Chit Funds Private Limited, Koundinya Chit Funds Private Limited, Sri Periyanachi Amman Chit Funds Private Limited, Mariappah Chit Funds Private Limited, Chinnamanur Radhakrishna Chit Funds Private Limited, all in the BFSI industry (Chit Funds), with the same principal business activity (other financial activities).
Girija Girish Kole ceased to be Director on 01 Jan 2015. Girish Dundappa Kole ceased to be Director on 01 Jan 2015. Girija Girish Kole was appointed as Managing Director on 19 Jun 2013. Basavashree Chit Funds has 4 board changes on record in total.
The registered office of Basavashree Chit Funds is at H.No – 569 Bellad Corner Bazar Peth Neharu Road, Gadhinglaj, Maharashtra, India – 416502.
Basavashree Chit Funds operates in the financial services industry, in the financial activities segment.
The compliance status of Basavashree Chit Funds is compliant as of 15 July 2026. The company is actively filing with the Registrar of Companies.
Basavashree Chit Funds can be reached at its registered office: H.No – 569 Bellad Corner Bazar Peth Neharu Road, Gadhinglaj, Maharashtra, India – 416502.