About Bhagavathi Chits Private Limited
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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 100 cases involving the company, including 87 filed by the company and 13 filed against it; 16 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.
Company details
Contact details
Bhagavathi Chits Private Limited's registered office is in Bangalore, Karnataka. Its website is bhagavathichits.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.176 60 Feet Road Basaveshwaranagar Near Sharadha Colony Bus Stand, Bangalore, Karnataka, India – 560079
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Bhagavathi 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
Brands
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
The main business activity of Bhagavathi Chits 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 Bhagavathi Chits Private Limited, buy the company report.
Financials of Bhagavathi Chits Private Limited
FY 2025 filings availableBhagavathi Chits Private Limited reported revenue of ₹4.53 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.41 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹73.84 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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% | ||||
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To see the full financial statements and ratios of Bhagavathi Chits Private Limited, buy the company report.
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
Bhagavathi Chits Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Micro Finance), 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| 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 Limitedthis company | ₹4.53 Cr (FY 2025) | ₹73.84 Lakh | 16.3% | 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 | |||
| Royal Rao Balaji Micro Finance Foundation | ₹4.4 Cr (FY 2025) | 158.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Bhagavathi Chits Private Limited, buy the company report.
Auditor
Bhagavathi Chits Private Limited is audited by MUTHU & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUTHU & CO | FY 2020 | 002237S |
Shareholding
The shareholding of Bhagavathi Chits Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Bhagavathi Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2025 | 101135369 | Karnataka Bank Ltd. | ₹13.5 Lakh | Open | |
| 28 Aug 2024 | 100989610 | Karnataka Bank Ltd. | ₹33 Lakh | Open | |
| 26 Mar 2022 | 100570152 | Karnataka Bank Ltd. | ₹1.6 Cr | Open | |
| 23 Aug 2021 | 100479500 | Karnataka Bank Ltd. | ₹50 Lakh | Open | |
| 24 Sep 2019 | 100294036 | Karnataka Bank Ltd. | ₹2.6 Cr | Open |
To see the full charge records of Bhagavathi Chits Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Bhagavathi Chits Private Limited has 100 court cases on record: 87 filed by Bhagavathi Chits, 13 filed against it. 16 cases are pending and 84 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 99 | 12 | 16 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 100)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Nagamangala Chits Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Pending |
| District court, UDUPI, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against M/S Onyx Advertising and Print Production | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Bhagavathi 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 Bhagavathi Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bhagavathi Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCB0331Q1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhagavathi Chits Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Chanthar Karunakar Shetty - Director
- Sushmitha Shetty - Director
- Pushpalatha Karunakar Shetty - Director
The latest financial statements of Bhagavathi 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 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 100 court cases on record: 87 filed by the company and 13 filed against it. 16 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, Pinninti Chitfunds Private Limited, K C F Chit Funds Private Limited, Aranmula Chit Funds Private Limited and 3 more, all in the BFSI industry (Micro Finance), with the same principal business activity (other financial activities).
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.
Bhagavathi Chits can be reached through the website bhagavathichits.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Bhagavathi Chits is at No.176 60 Feet Road Basaveshwaranagar Near Sharadha Colony Bus Stand, Bangalore, Karnataka, India – 560079.