About Bhavithasri Chit Funds Private Limited
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Bhavithasri Chit Funds Private Limited is a private limited company based in Warangal, Telangana, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 02 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65910TG2011PTC074793. Its GSTIN is 36AAECB6022A2ZB (Telangana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.3 Cr and a paid-up capital of ₹37 Lakh. It is led by directors Srinivas Thatipalli (Managing Director) and Prakash Rao Gunda.
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. 14 – 1 – 141 M. G. Road, Warangal, Telangana, India – 506002.
As per the financials filed for FY 2022, the company reported a revenue of ₹11.6 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹4.54 Cr (net margin -39.2%) and EBITDA of -₹3.35 Cr (EBITDA margin -28.8%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 4% over five years.
The company has about 348 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: BhavithaSri Chits. As per MCA filings, the company has open charges of ₹49.5 Lakh on record. Court records list 357 cases involving the company, including 274 filed by the company and 83 filed against it; 168 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 bhavithasrichits.in.
Company details
CIN history
Bhavithasri Chit Funds has one previous CIN (Corporate Identification Number): U65910AP2011PTC074793. The current CIN is U65910TG2011PTC074793, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910TG2011PTC074793 | Current |
| U65910AP2011PTC074793 | Previous |
Contact details
Bhavithasri Chit Funds Private Limited's registered office is in Warangal, Telangana. Its website is bhavithasrichits.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH. No. 14 – 1 – 141 M. G. Road, Warangal, Telangana, India – 506002
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Bhavithasri 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
Brands
Bhavithasri Chit Funds operates one associated brand: BhavithaSri Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive personal loan services to meet individual financial needs. | bhavithasrichits.com |
Business activity
The main business activity of Bhavithasri 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 Bhavithasri Chit Funds Private Limited, buy the company report.
Financials of Bhavithasri Chit Funds Private Limited
FY 2022 filings availableBhavithasri Chit Funds Private Limited reported revenue of ₹11.6 Cr (down 40% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 40% fall in the latest year. EBITDA fell 286% 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 | -₹3.35 Cr | ||||
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| Net Profit (PAT) | -₹4.54 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.8% | ||||
| Net Profit Margin | -39.2% | ||||
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To see the full financial statements and ratios of Bhavithasri Chit Funds Private Limited, buy the company report.
Board of directors of Bhavithasri Chit Funds Private Limited
Bhavithasri Chit Funds has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivas Thatipalli | Managing Director | 02 Jun 2011 | 15 Years 4 Months | Current |
| Prakash Rao Gunda | Director | 02 Jun 2011 | 15 Years 4 Months | Current |
Peer comparison
Bhavithasri Chit Funds Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Chit Funds, 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 |
|---|---|---|---|---|---|---|
| Dia Vikas Capital Private Limited | ₹12.47 Cr (FY 2024) | -89.0% | New Delhi, Delhi, India | |||
| Vijaysubham Benefit Fund Nidhi Limited | ₹12.26 Cr (FY 2025) | 24.0% | Quid-E-Milleth, Tamil Nadu, India | |||
| MGM Pushpam Chits Private Limited | ₹12.13 Cr (FY 2025) | 28.0% | Madurai, Tamil Nadu, India | |||
| Gaurav Chit Fund Private Limited | ₹11.9 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India | |||
| Dhanalakshmi Srinivasan Chit Funds (Telangana) Private Limited | ₹11.85 Cr (FY 2024) | 21.0% | Hyderabad, Telangana, India | |||
| Bhavithasri Chit Funds Private Limitedthis company | ₹11.6 Cr (FY 2022) | -₹4.54 Cr | -39.2% | -40.0% | 348 | Warangal, Telangana, India |
| Srisaianjana Chit Funds Telangana Private Limited | ₹10.03 Cr (FY 2025) | 7.0% | Warangal, Telangana, India | |||
| Marthandam People Development Nidhi Limited | ₹9.95 Cr (FY 2025) | 20.0% | Marthandam Post, Tamil Nadu, India |
To see the full peer comparison of Bhavithasri Chit Funds Private Limited, buy the company report.
Auditor
Bhavithasri Chit Funds Private Limited is audited by TRIPURANENI GOPICHAND AND COMPANY. for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TRIPURANENI GOPICHAND AND COMPANY. | FY 2018 | 004435S |
Shareholding
The shareholding of Bhavithasri Chit Funds Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bhavithasri Chit Funds Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2016 | 100053052 | Others | ₹49.5 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Bhavithasri Chit Funds Private Limited has 357 court cases on record: 274 filed by Bhavithasri Chit Funds, 83 filed against it. 168 cases are pending and 189 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 344 | 76 | 161 |
| High courts | 13 | 7 | 7 |
Cases on record (5 of 357)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company | Pending |
| High Court for State of Telangana | Revision petition | Filed against the company by M/S Bhavithasri Chit Funds Pvt. | Pending |
| District court, Warangal, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, Peddapalli, Telangana | Court case (A.R.B.O.P) | Filed against the company by an individual | Pending |
| District court, Hanumakonda, Telangana | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Bhavithasri Chit Funds 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 Bhavithasri Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bhavithasri Chit Funds Private Limited has a workforce of 348 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Bhavithasri Chit Funds has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECB6022A2ZB | Telangana | Active | 01 Aug 2017 |
To see the full GST registrations and return filing status of Bhavithasri Chit Funds Private Limited, buy the company report.
Recent activity
Bhavithasri Chit Funds Private Limited has 8 board changes on record since 2011: 5 appointments and 3 cessations. The latest: Gorantala Yadagiri ceased to be Director on 16 Jun 2014.
Frequently asked questions
Bhavithasri Chit Funds is an active private limited company based in Warangal, Telangana, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 02 June 2011 (15+ years old) and is registered under CIN U65910TG2011PTC074793.
Bhavithasri Chit Funds has 2 current directors:
- Srinivas Thatipalli - Managing Director
- Prakash Rao Gunda - Director
The latest financial statements of Bhavithasri 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 GSTIN of Bhavithasri Chit Funds is 36AAECB6022A2ZB, registered in Telangana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Bhavithasri Chit Funds is U65910TG2011PTC074793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhavithasri Chit Funds has 357 court cases on record: 274 filed by the company and 83 filed against it. 168 are pending. Most are in the district courts.
Bhavithasri Chit Funds was incorporated on 02 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Bhavithasri Chit Funds by revenue are Dia Vikas Capital Private Limited, Vijaysubham Benefit Fund Nidhi Limited, MGM Pushpam Chits Private Limited, Gaurav Chit Fund Private Limited, Dhanalakshmi Srinivasan Chit Funds (Telangana) Private Limited and 2 more, all in the BFSI industry (Chit Funds, Micro Finance), with the same principal business activity (other financial activities).
Gorantala Yadagiri ceased to be Director on 16 Jun 2014. Nagaraju Komuravelli ceased to be Director on 01 Feb 2014. Natraj Pola ceased to be Director on 21 May 2013. Bhavithasri Chit Funds has 8 board changes on record in total.
Bhavithasri Chit Funds can be reached through the website bhavithasrichits.in. Its registered office is in Warangal, Telangana, India.
The registered office of Bhavithasri Chit Funds is at H. No. 14 – 1 – 141 M. G. Road, Warangal, Telangana, India – 506002.
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