About Bhagavathi Chits Private Limited
Data last updated:
Bhagavathi Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 30 June 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1997PTC022462. Its GSTIN is 29AACCB0331Q1ZK (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Chanthar Karunakar Shetty and Sushmitha Shetty.
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 No.176 60 Feet Road Basaveshwaranagar Near Sharadha Colony Bus Stand, Bangalore, Karnataka, India – 560079.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.53 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹73.84 Lakh (net margin 16.3%) and EBITDA of ₹1.41 Cr (EBITDA margin 31.1%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 1% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bhagavathi Chits. As per MCA filings, the company has open charges of ₹5.55 Cr on record. Court records list 99 cases involving the company, including 87 filed by the company and 10 filed against it; 15 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhagavathichits.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.176 60 Feet Road Basaveshwaranagar Near Sharadha Colony Bus Stand, Bangalore, Karnataka, India – 560079
- IndustryFinancial Services, Microfinance Institutions
- 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
- One PDF report, delivered after checkout
Associated Brands with Bhagavathi Chits Private Limited
Bhagavathi Chits operates one associated brand: Bhagavathi Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chit fund services, including investment plans and financial benefits, are offered in Bangalore. | bhagavathichits.in |
Business Activity of Bhagavathi Chits Private Limited
The main business activity of Bhagavathi Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Bhagavathi Chits Private Limited FY 2025 filings available
Bhagavathi Chits Private Limited reported revenue of ₹4.53 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Bhagavathi Chits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 26% growth in the latest year. EBITDA rose 20% 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 of Bhagavathi Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹73.84 Lakh | •••• | •••• | •••• | •••• |
| 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 of Bhagavathi Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 16.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Bhagavathi Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Bhagavathi Chits Private Limited
Bhagavathi Chits has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chanthar Karunakar Shetty Also directs: TPS Ahead Private Limited, Bhagavathi Chits (Mysore) Private Limited, Bhagavathi Stocks and Shares Private Limited and 2 more | Director | 30 Jun 1997 | 29 Years 3 Months | Current |
| Sushmitha Shetty | Director | 24 Jan 2022 | 4 Years 8 Months | Current |
| Pushpalatha Karunakar Shetty | Director | 26 Jun 2002 | 24 Years 3 Months | Current |
Peer Comparison of Bhagavathi Chits Private Limited
Bhagavathi Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Achala Chit Funds Private Limited | ₹4.71 Cr (FY 2019) | •••• | •••• | -33.0% | •••• | Hanamkonda, Telangana, India |
| The New Trichur Co Pvt Ltd | ₹4.7 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Thrissur, Kerala, India |
| Souhardha Chits Private Limited | ₹4.67 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Pinninti Chitfunds Private Limited | ₹4.58 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| K C F Chit Funds Private Limited | ₹4.55 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Coimbatore, Tamil Nadu, India |
| Bhagavathi Chits Private Limited this company | ₹4.53 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Bangalore, Karnataka, India |
| Aranmula Chit Funds Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kozhencherry, Kerala, India |
| Manappuram Chits( India )Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Coimbatore, Tamil Nadu, India |
| Attur Thuluva Velalar Sangam Chit Funds Private Limited | ₹4.48 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Attur, Tamil Nadu, India |
| Aarohiinfo Fi Management Limited | ₹4.43 Cr (FY 2023) | •••• | •••• | 64.0% | •••• | Pune, Maharashtra, India |
| Royal Rao Balaji Micro Finance Foundation | ₹4.4 Cr (FY 2025) | •••• | •••• | 158.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Bhagavathi Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Bhagavathi Chits Private Limited
Bhagavathi Chits Private Limited is audited by MUTHU & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MUTHU & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Bhagavathi Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Bhagavathi Chits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jul 2025 | Karnataka Bank Ltd. | ₹13.5 Lakh | Open |
| 28 Aug 2024 | Karnataka Bank Ltd. | ₹33 Lakh | Open |
| 26 Mar 2022 | Karnataka Bank Ltd. | ₹1.6 Cr | Open |
| 23 Aug 2021 | Karnataka Bank Ltd. | ₹50 Lakh | Open |
| 24 Sep 2019 | Karnataka Bank Ltd. | ₹2.6 Cr | Open |
Total charge records: 7 View all charges
Legal Cases of Bhagavathi Chits Private Limited
Bhagavathi Chits Private Limited has 99 court cases on record: 87 filed by Bhagavathi Chits, 10 filed against it, 2 where it is another party. 15 cases are pending and 84 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 98 | 10 | 15 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 99)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Deccan Springs Private Limited | Disposed |
| District court, UDUPI, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
Full case history
All 99 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Bhagavathi Chits Private Limited
Employment history and EPFO contributions of people linked to Bhagavathi Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Bhagavathi Chits Private Limited
Bhagavathi Chits Private Limited has 5 board changes on record since 1997: 3 appointments and 2 cessations. The latest: Sushmitha Shetty ceased to be Additional Director on 29 Sep 2023.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bhagavathi Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Bhagavathi Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Bhagavathi Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Bhagavathi Chits Private Limited
Bhagavathi Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCB0331Q1ZK | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Bhagavathi Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Bhagavathi Chits Private Limited
Bhagavathi Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 30 June 1997 (29+ years old) and is registered under CIN U65992KA1997PTC022462.
Bhagavathi Chits reported revenue of ₹4.53 Cr for FY 2025 (up 26% YoY).
Bhagavathi Chits has 3 current directors:
- Chanthar Karunakar Shetty - Director
- Sushmitha Shetty - Director
- Pushpalatha Karunakar Shetty - Director
Bhagavathi Chits reported a net profit of ₹73.84 Lakh (net margin 16.3%) and EBITDA of ₹1.41 Cr (EBITDA margin 31.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bhagavathi Chits is 16% over three years and 1% over five years. In the latest year (FY 2025) revenue rose 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bhagavathi Chits is 29AACCB0331Q1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Bhagavathi Chits is U65992KA1997PTC022462. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhagavathi Chits has 99 court cases on record: 87 filed by the company and 10 filed against it. 15 are pending. Most are in the district courts.
Bhagavathi Chits was incorporated on 30 June 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Bhagavathi Chits by revenue are Achala Chit Funds Private Limited, The New Trichur Co Pvt Ltd, Souhardha Chits Private Limited, Pinninti Chitfunds Private Limited, K C F Chit Funds Private Limited and 5 more, all in the BFSI industry (Micro Finance).
Sushmitha Shetty ceased to be Additional Director on 29 Sep 2023. Vivek Prabhakara Hegde ceased to be Additional Director on 29 Sep 2023. Sushmitha Shetty was appointed as Director on 24 Jan 2022. Bhagavathi Chits has 5 board changes on record in total.