Devasani Chit Funds Private Limited
About Devasani Chit Funds Private Limited
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Devasani Chit Funds Private Limited is a private limited company based in Gadchandur, Maharashtra, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 20 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65992MH2005PTC156883. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Janardhan Ramaiah Devasani (Managing Director) and Saroja Janardhan Devasani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 46 Hotel Surya Ward No. 6 Near Railway Track Rajura Road, Gadchandur, Maharashtra, India – 442908.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.16 Lakh, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹9.46 Lakh (net margin -55.1%) and EBITDA of -₹9 Lakh (EBITDA margin -52.4%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 7% over five years.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Devasani Chit Funds Private Limited's registered office is in Gadchandur, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No 46 Hotel Surya Ward No. 6 Near Railway Track Rajura Road, Gadchandur, Maharashtra, India – 442908
- IndustryFinancial Services, Financial Activities
To see the full contact details of Devasani 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 Devasani Chit Funds 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 Devasani Chit Funds Private Limited, buy the company report.
Financials of Devasani Chit Funds Private Limited
FY 2024 filings availableDevasani Chit Funds Private Limited reported revenue of ₹17.16 Lakh (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 645% 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 | -₹9 Lakh | ||||
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| Net Profit (PAT) | -₹9.46 Lakh | ||||
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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 | -52.4% | ||||
| Net Profit Margin | -55.1% | ||||
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To see the full financial statements and ratios of Devasani Chit Funds Private Limited, buy the company report.
Board of directors of Devasani Chit Funds Private Limited
Devasani Chit Funds has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janardhan Ramaiah Devasani | Managing Director | 10 Aug 2015 | 11 Years 2 Months | Current |
| Saroja Janardhan Devasani | Whole-Time Director | 20 Oct 2005 | 21 Years 0 Months | Current |
Auditor
Devasani Chit Funds Private Limited is audited by R.R. MAMIDWAR & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.R. MAMIDWAR & CO. | FY 2017 | 105942W |
Shareholding
The shareholding of Devasani Chit Funds Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Devasani Chit Funds Private Limited, buy the company report.
Legal cases
Devasani Chit Funds Private Limited has 4 court cases on record: 3 filed by Devasani Chit Funds, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandrapur, Maharashtra | Court case (Cri.Appeal) | Filed against the company by an individual | Pending |
| District court, Chandrapur, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Chandrapur, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Chandrapur, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Devasani 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 Devasani Chit Funds Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devasani Chit Funds has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Devasani Chit Funds Private Limited, buy the company report.
Recent activity
Devasani Chit Funds Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Janardhan Ramaiah Devasani was appointed as Managing Director on 10 Aug 2015.
Frequently asked questions
Devasani Chit Funds is an active private limited company based in Gadchandur, Maharashtra, India. The company works in financial activities, within the financial services industry. It was incorporated on 20 October 2005 (21+ years old) and is registered under CIN U65992MH2005PTC156883.
Devasani Chit Funds has 2 current directors:
- Janardhan Ramaiah Devasani - Managing Director
- Saroja Janardhan Devasani - Whole-Time Director
The latest financial statements of Devasani Chit Funds on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Devasani Chit Funds has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Devasani Chit Funds is U65992MH2005PTC156883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devasani Chit Funds has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending.
Devasani Chit Funds was incorporated on 20 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Janardhan Ramaiah Devasani was appointed as Managing Director on 10 Aug 2015. Saroja Janardhan Devasani was appointed as Whole-Time Director on 20 Oct 2005.
The registered office of Devasani Chit Funds is at Plot No 46 Hotel Surya Ward No. 6 Near Railway Track Rajura Road, Gadchandur, Maharashtra, India – 442908.
Devasani Chit Funds operates in the financial services industry, in the financial activities segment.
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