Davanagere Chits Private Limited - Company Profile

It is a financial services private limited company based in Davanagere, Karnataka, India, established in 2017.

2017 Davanagere, Karnataka, India Struck Off

Last Updated: July 24, 2025

About Davanagere Chits Private Limited

Davanagere Chits Private Limited, a struck off private limited company, was established on 27 September 2017 in Davanagere, Karnataka, India. Engaging in other financial intermediation within the financial services sector, it holds CIN: U65929KA2017PTC106739. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.00 M and a paid-up capital of ₹0.10 M.

It upholds a active non-compliant status. Its leadership includes Ananda Laxman Naik (Whole-Time Director), Shridar Reddy Prakash Reddy (Whole-Time Director). It is based at No 5B, 3Rd Main, 8Th Cross Yellamma Nagara, Davanagere, Karnataka, 577004.

Company Details

CIN/LLPIN
U65929KA2017PTC106739
Registration Number
106739
Incorporation Date
27 September 2017
Authorized Capital
₹1.00 M
Paid-Up Capital
₹0.10 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Struck Off

Key Metrics

Authorised Capital ₹ 1.00 M as on 24-07-2025
Paid Up Capital ₹ 0.10 M as on 24-07-2025
Company Age 8 Year, 4 Months

Comprehensive Company Insights

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Who are the key members and board of directors at Davanagere Chits Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Ananda Laxman Naik	Whole-Time Director	27 Sep 2017	Current
Shridar Reddy Prakash Reddy	Whole-Time Director	27 Sep 2017	Current

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Financial Performance of Davanagere Chits.

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Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

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YOY Growth

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Total Revenue

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Profit or Loss

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EBITDA

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What is the Ownership and Shareholding Structure of Davanagere Chits?

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Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Davanagere Chits?

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Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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Rating

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Alerts

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Latest Updates, News, and FAQs on Davanagere Chits

Recent Activity within the Organization

Director Appointment

Progress on Ananda Laxman Naik was appointed as a Whole-time director was appointed as a Whole-time director on 27 Sep 2017 & has been associated with this company since 8 years 4 months . was documented.
27 Sep 2017
Director Appointment

The activity Shridar Reddy Prakash Reddy was appointed as a Whole-time director was appointed as a Whole-time director on 27 Sep 2017 & has been associated with this company since 8 years 4 months . was completed.
27 Sep 2017
Company Incorporation

The activity Davanagere Chits Private Limited was registered on 27 Sep 2017 with Roc Bangalore & aged 8 years 4 months as per MCA records. was completed.
27 Sep 2017

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Frequently Asked Questions

What is the CIN of Davanagere Chits Private Limited?

The CIN of Davanagere Chits Private Limited is U65929KA2017PTC106739.

Where is Davanagere Chits Private Limited headquartered?

Davanagere Chits Private Limited is headquartered at No 5B, 3Rd Main, 8Th Cross Yellamma Nagara, Davanagere, Karnataka, 577004.

When was Davanagere Chits Private Limited incorporated?

Davanagere Chits Private Limited was incorporated on 27 September 2017.

Who are the current directors of Davanagere Chits Private Limited?

The current directors of Davanagere Chits Private Limited are

What is the primary industry of Davanagere Chits Private Limited?

The primary industry of Davanagere Chits Private Limited is Financial Services.

Is Davanagere Chits Private Limited a listed company?

Davanagere Chits Private Limited is unlisted.

What is the capital structure of Davanagere Chits Private Limited?

The authorized capital of Davanagere Chits Private Limited is ₹1.00 M, and the paid-up capital is ₹0.10 M.

What is the compliance status of Davanagere Chits Private Limited?

The compliance status of Davanagere Chits Private Limited is Active Non-Compliant.

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