Devaratha Chits Private Limited
About Devaratha Chits Private Limited
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Devaratha Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 12 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2018PTC111008. Its GSTIN is 29AAGCD6142H1ZK (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9 Lakh. It is led by directors Kalasapura Puttarangaswamy Pushparaj and Sadashivaiah Bharathi.
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 # 5 & 6 First Floor Shreenidhi Complex Dwarakavasa Road Bel Layout 2nd Stage, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2024, the company reported a revenue of ₹51.28 Lakh, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹3.37 Lakh (net margin 6.6%) and EBITDA of ₹9.83 Lakh (EBITDA margin 19.2%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 35% over five years.
As per MCA filings, the company has open charges of ₹20 Lakh on record. Court records list 13 cases involving the company, including 13 filed by the company; 2 cases are pending.
Company details
Contact details
Devaratha Chits Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 5 & 6 First Floor Shreenidhi Complex Dwarakavasa Road Bel Layout 2nd Stage, Bangalore, Karnataka, India – 560091
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Devaratha 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
Business activity
The main business activity of Devaratha Chits is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Devaratha Chits Private Limited, buy the company report.
Financials of Devaratha Chits Private Limited
FY 2025 filings availableDevaratha Chits Private Limited reported revenue of ₹51.28 Lakh (up 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 38% growth in the latest year. EBITDA rose 32% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹9.83 Lakh | ||||
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| Net Profit (PAT) | ₹3.37 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.2% | ||||
| Net Profit Margin | 6.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Devaratha Chits Private Limited, buy the company report.
Board of directors of Devaratha Chits Private Limited
Devaratha Chits has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalasapura Puttarangaswamy Pushparaj | Director | 08 Sep 2018 | 8 Years 1 Months | Current |
| Sadashivaiah Bharathi | Director | 12 Mar 2018 | 8 Years 7 Months | Current |
Auditor
Devaratha Chits Private Limited is audited by SURESHA G T & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESHA G T & ASSOCIATES | FY 2022 | 017438S |
Shareholding
The shareholding of Devaratha Chits Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Devaratha Chits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2021 | 100416212 | Others | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Devaratha Chits Private Limited has 13 court cases on record: 13 filed by Devaratha Chits. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 0 | 2 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Disposed |
To see the full case history of Devaratha 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 Devaratha Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devaratha Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCD6142H1ZK | Karnataka | Active | 27 Jan 2020 |
To see the full GST registrations and return filing status of Devaratha Chits Private Limited, buy the company report.
Recent activity
Devaratha Chits Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Thipperamappa Nagamani ceased to be Director on 28 Mar 2019.
Frequently asked questions
Devaratha Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 12 March 2018 (8+ years old) and is registered under CIN U67190KA2018PTC111008.
Devaratha Chits has 2 current directors:
- Kalasapura Puttarangaswamy Pushparaj - Director
- Sadashivaiah Bharathi - Director
The latest financial statements of Devaratha 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 FY 2018 are in the company report.
The GSTIN of Devaratha Chits is 29AAGCD6142H1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Devaratha Chits is U67190KA2018PTC111008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devaratha Chits has 13 court cases on record: 13 filed by the company. 2 are pending.
Devaratha Chits was incorporated on 12 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Thipperamappa Nagamani ceased to be Director on 28 Mar 2019. Kalasapura Puttarangaswamy Pushparaj was appointed as Director on 08 Sep 2018. Nagarathna ceased to be Director on 08 Sep 2018. Devaratha Chits has 5 board changes on record in total.
The registered office of Devaratha Chits is at # 5 & 6 First Floor Shreenidhi Complex Dwarakavasa Road Bel Layout 2nd Stage, Bangalore, Karnataka, India – 560091.
Devaratha Chits operates in the financial services industry, in the diversified financial services segment.
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