Daivajna Chit Funds Private Limited
About Daivajna Chit Funds Private Limited
Data last updated:
Daivajna Chit Funds Private Limited was a private limited company based in Chikmagalur, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial and credit leasing segment of the financial services sector. It was incorporated on 21 January 2009.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2009PTC048923.
The company had an authorised share capital of ₹3 Lakh and a paid-up capital of ₹3 Lakh. It was led by directors including Venkatesh Govinda Shet and Shalini Ashok Raikar.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Housing Corporative Society Building Vijayapura Main Road, Chikmagalur, Karnataka, India – 577101.
As per the financials filed for FY 2017, the company reported a revenue of ₹99,003, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹54,513 (net margin -55.1%) and EBITDA of -₹64,047 (EBITDA margin -64.7%).
Company details
Contact details
Daivajna Chit Funds Private Limited's registered office is in Chikmagalur, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressHousing Corporative Society Building Vijayapura Main Road, Chikmagalur, Karnataka, India – 577101
- IndustryFinancial Services, Financial & Credit Leasing, Trust, Other Financial Holding, Fund
To see the full contact details of Daivajna 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 Daivajna Chit Funds is financial and insurance service. In detail, this covers financial and credit leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities |
To see the full business activity and turnover split of Daivajna Chit Funds Private Limited, buy the company report.
Financials of Daivajna Chit Funds Private Limited
FY 2018 filings availableDaivajna Chit Funds Private Limited reported revenue of ₹99,003 (down 73% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 73% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹99,003 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹64,047 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹54,513 | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -64.7% | ||
| Net Profit Margin | -55.1% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
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| 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 Daivajna Chit Funds Private Limited, buy the company report.
Board of directors of Daivajna Chit Funds Private Limited
Daivajna Chit Funds has 9 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Govinda Shet | Director | 14 Oct 2009 | 17 Years 0 Months | As last reported |
| Shalini Ashok Raikar | Director | 21 Jan 2009 | 17 Years 9 Months | As last reported |
| Seetharam Ramesh | Director | 21 Jan 2009 | 17 Years 9 Months | As last reported |
| Annappa Manjunath Kudalkar | Director | 21 Jan 2009 | 17 Years 9 Months | As last reported |
| Mohini Balachandra Shet | Director | 24 Aug 2013 | 13 Years 2 Months | As last reported |
| Deepa Prakash Revenkar | Director | 21 Jan 2009 | 17 Years 9 Months | As last reported |
Auditor
Daivajna Chit Funds Private Limited is audited by NAGADEEPSATHYANARAYANA&Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAGADEEPSATHYANARAYANA&Co | FY 2017 | 008003S |
Shareholding
The shareholding of Daivajna Chit Funds Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Daivajna Chit Funds Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Daivajna 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 Daivajna Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Daivajna Chit Funds Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Daivajna Chit Funds Private Limited has 11 board changes on record since 2009: 9 appointments and 2 cessations. The latest: Balachandrashet Ramakrishna ceased to be Director on 24 Aug 2013.
2 earlier events are in the company report.
Frequently asked questions
Daivajna Chit Funds has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Daivajna Chit Funds was a private limited company based in Chikmagalur, Karnataka, India. The company worked in financial and credit leasing, within the financial services industry. It was incorporated on 21 January 2009 and is registered under CIN U65992KA2009PTC048923. The company has been struck off by the Registrar of Companies and is no longer operational.
Daivajna Chit Funds had 9 directors:
- Venkatesh Govinda Shet - Director
- Shalini Ashok Raikar - Director
- Seetharam Ramesh - Director
- Annappa Manjunath Kudalkar - Director
- Mohini Balachandra Shet - Director
- Deepa Prakash Revenkar - Director
- Hosoor Keshavaset Suresh - Director
- Rama Subray Shet - Director
- Kadur Venkatesh Mahendra - Director
The CIN (Corporate Identification Number) of Daivajna Chit Funds is U65992KA2009PTC048923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Daivajna Chit Funds is at Housing Corporative Society Building Vijayapura Main Road, Chikmagalur, Karnataka, India – 577101.
Daivajna Chit Funds was incorporated on 21 January 2009. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Daivajna Chit Funds on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
Daivajna Chit Funds operated in the financial services industry, in the financial and credit leasing segment. It worked in this industry before it was struck off.
Balachandrashet Ramakrishna ceased to be Director on 24 Aug 2013. Mohini Balachandra Shet was appointed as Director on 24 Aug 2013. Venkatesh Govinda Shet was appointed as Director on 14 Oct 2009. Daivajna Chit Funds has 11 board changes on record in total.
The compliance status of Daivajna Chit Funds is active non-compliant as of 15 September 2026.