Belief Chits Private Limited
About Belief Chits Private Limited
Data last updated:
Belief Chits Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 05 January 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1988PTC030221. Its GSTIN is 07AABCB7982L1Z6 (Delhi).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.5 Cr. It is led by directors including Deepak Bhandari and Pravesh Bhandari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at I1 Shiv Lok House 1 Karampura Commercial Complex, New Delhi, Delhi, India – 110015.
As per the financials filed for FY 2023, the company reported a revenue of ₹53.93 Lakh, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹2.94 Cr and EBITDA of -₹3.47 Cr. Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 51% over five years.
As per MCA filings, the company has open charges of ₹54.42 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Belief Chits Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressI1 Shiv Lok House 1 Karampura Commercial Complex, New Delhi, Delhi, India – 110015
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Belief Chits 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
Financials of Belief Chits Private Limited
FY 2025 filings availableBelief Chits Private Limited reported revenue of ₹53.93 Lakh (down 23% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 23% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹53.93 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.94 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Belief Chits Private Limited, buy the company report.
Board of directors of Belief Chits Private Limited
Belief Chits has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Bhandari Also directs: Medmountain Pharma LLP, Vigyantech Associates LLP, Gokul Loomtex Private Limited and 2 more | Director | 02 Aug 2021 | 5 Years 3 Months | Current |
| Pravesh Bhandari | Director | 06 Apr 2010 | 16 Years 6 Months | Current |
| Arush Bhandari Also directs: Sukhmani Polymers Private Limited | Director | 03 Sep 2015 | 11 Years 2 Months | Current |
Auditor
Belief Chits Private Limited is audited by Sachin Saxena & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sachin Saxena & Company | FY 2023 | 023886N |
Shareholding
The shareholding of Belief Chits Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Belief Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2025 | 101102034 | Axis Bank Limited | ₹19.62 Cr | Open | |
| 30 Jan 2025 | 101044401 | Axis Bank Limited | ₹19.62 Cr | Open | |
| 02 Feb 2024 | 100861116 | Axis Bank Limited | ₹3.68 Cr | Open | |
| 18 Jan 2024 | 100863590 | Axis Bank Limited | ₹10 Cr | Open | |
| 10 Feb 2022 | 100540448 | Others | ₹1.5 Cr | Open |
Total charge records: 5 View all charges
Legal cases
Belief Chits Private Limited has 10 court cases on record: 3 filed by Belief Chits, 7 filed against it. 4 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 1 |
| NCLAT | 4 | 4 | 3 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Criminal case | Filed by the company against Shubhkamna Buildwell and Estates Pvt Ltd and 5 others | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed by the company against Shubhkamna Buildwell and Estates Pvt. Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against M/S Shubkamana Buildwell and Estate Pvt Ltd and Ors | Pending |
To see the full case history of Belief Chits Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Belief Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Belief Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCB7982L1Z6 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Belief Chits Private Limited, buy the company report.
Recent activity
Belief Chits Private Limited has 8 board changes on record since 2010: 3 appointments and 5 cessations. The latest: Bhushan Bhandari ceased to be Director on 05 Aug 2021.
4 earlier events are in the company report.
Frequently asked questions
Belief Chits is an active private limited company based in New Delhi, Delhi, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 05 January 1988 (38+ years old) and is registered under CIN U74899DL1988PTC030221.
Belief Chits has 3 current directors:
- Deepak Bhandari - Director
- Pravesh Bhandari - Director
- Arush Bhandari - Director
The latest financial statements of Belief Chits on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Belief Chits is 07AABCB7982L1Z6, registered in Delhi.
The CIN (Corporate Identification Number) of Belief Chits is U74899DL1988PTC030221. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Belief Chits has 10 court cases on record: 3 filed by the company and 7 filed against it. 4 are pending. Most are in the district courts.
Belief Chits was incorporated on 05 January 1988, making it 38+ years old. It is registered with the Registrar of Companies, Delhi.
Bhushan Bhandari ceased to be Director on 05 Aug 2021. Deepak Bhandari was appointed as Director on 02 Aug 2021. Deepak Bhandari ceased to be Additional Director on 30 Sep 2016. Belief Chits has 8 board changes on record in total.
The registered office of Belief Chits is at I1 Shiv Lok House 1 Karampura Commercial Complex, New Delhi, Delhi, India – 110015.
Belief Chits operates in the financial services industry, in the brokerage and trading services segment.
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