Devikrupa Chits Private Limited
About Devikrupa Chits Private Limited
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Devikrupa Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 17 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2009PTC049159. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Mohite Balakrishna Ramachandra and Ranjith Balakrishna Mohite.
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 No 80 (Old No 343) 12th Main Road Rajajinagar 6th Block, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.73 Lakh, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹6.36 Lakh (net margin -368.2%) and EBITDA of -₹6.28 Lakh (EBITDA margin -363.3%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 48% over five years.
Court records list 87 cases involving the company, including 85 filed by the company and 2 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Devikrupa 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 AddressNo 80 (Old No 343) 12th Main Road Rajajinagar 6th Block, Bangalore, Karnataka, India – 560010
- IndustryFinancial Services, Financial Activities
To see the full contact details of Devikrupa 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 Devikrupa Chits 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 Devikrupa Chits Private Limited, buy the company report.
Financials of Devikrupa Chits Private Limited
FY 2024 filings availableDevikrupa Chits Private Limited reported revenue of ₹1.73 Lakh (down 62% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years, including a 62% fall in the latest year. EBITDA fell 233% 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 | -₹6.28 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹6.36 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 | -363.3% | ||||
| Net Profit Margin | -368.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Devikrupa Chits Private Limited, buy the company report.
Board of directors of Devikrupa Chits Private Limited
Devikrupa Chits has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranjith Balakrishna Mohite | Additional Director | 26 Aug 2022 | 4 Years 1 Months | Current |
| Mohite Balakrishna Ramachandra | Director | 17 Feb 2009 | 17 Years 8 Months | Current |
Peer comparison
Devikrupa Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Jay Saheb Baba Microfinance Foundation | ₹1.73 Lakh (FY 2025) | -9.0% | Pratapgarh, Uttar Pradesh, India | |||
| Komaljyot Gruhshilp Pvt Ltd | ₹1.73 Lakh (FY 2025) | 20.0% | Ahmedabad, Gujarat, India | |||
| Janaki Holdings Private Limited | ₹1.73 Lakh (FY 2019) | -43.0% | Tamil Nadu, India | |||
| Future Light Nidhi Limited | ₹1.73 Lakh (FY 2025) | 19.0% | Gaighata, West Bengal, India | |||
| Suryodaya Fincap Private Limited | ₹1.73 Lakh (FY 2025) | 111.0% | Ahmedabad, Gujarat, India | |||
| Devikrupa Chits Private Limitedthis company | ₹1.73 Lakh (FY 2024) | -₹6.36 Lakh | -368.2% | -62.0% | Bangalore, Karnataka, India | |
| P K Mookan Ambalam Finance Private Limited | ₹1.73 Lakh (FY 2024) | -4.0% | Nagar, Maduari, Tamil Nadu, India | |||
| Sri Rachuri Chit Fund Private Limited | ₹1.72 Lakh (FY 2025) | -48.0% | Nagarkurnool, Telangana, India | |||
| NGP Urban Nidhi Limited | ₹1.72 Lakh (FY 2020) | Nagpur, Maharashtra, India | ||||
| Subheeta Nidhi Limited | ₹1.72 Lakh (FY 2020) | Rewa, Madhya Pradesh, India | ||||
| Iinfinite Financial Solutions Private Limited | ₹1.72 Lakh (FY 2021) | Ahmedabad, Gujarat, India |
To see the full peer comparison of Devikrupa Chits Private Limited, buy the company report.
Auditor
Devikrupa Chits Private Limited is audited by RSS& COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RSS& COMPANY | FY 2017 | 010957S |
Shareholding
The shareholding of Devikrupa Chits 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 Devikrupa Chits Private Limited, buy the company report.
Legal cases
Devikrupa Chits Private Limited has 87 court cases on record: 85 filed by Devikrupa Chits, 2 filed against it. 6 cases are pending and 81 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 86 | 2 | 6 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by M/S Peegee Industries | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against A Force Security Services | Pending |
To see the full case history of Devikrupa 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 Devikrupa Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Devikrupa Chits 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 Devikrupa Chits Private Limited, buy the company report.
Recent activity
Devikrupa Chits Private Limited has 3 board changes on record since 2009: 2 appointments and 1 cessation. The latest: Ranjith Balakrishna Mohite was appointed as Additional Director on 26 Aug 2022.
Frequently asked questions
Devikrupa Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 17 February 2009 (17+ years old) and is registered under CIN U65992KA2009PTC049159.
Devikrupa Chits has 2 current directors:
- Ranjith Balakrishna Mohite - Additional Director
- Mohite Balakrishna Ramachandra - Director
The latest financial statements of Devikrupa Chits 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. Devikrupa Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Devikrupa Chits is U65992KA2009PTC049159. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devikrupa Chits has 87 court cases on record: 85 filed by the company and 2 filed against it. 6 are pending. Most are in the district courts.
Devikrupa Chits was incorporated on 17 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Devikrupa Chits by revenue are Jay Saheb Baba Microfinance Foundation, Komaljyot Gruhshilp Pvt Ltd, Janaki Holdings Private Limited, Future Light Nidhi Limited, Suryodaya Fincap Private Limited and 5 more, all in the same principal business activity (other financial activities).
Ranjith Balakrishna Mohite was appointed as Additional Director on 26 Aug 2022. Velu Devarajan ceased to be Director on 26 Aug 2022. Mohite Balakrishna Ramachandra was appointed as Director on 17 Feb 2009.
The registered office of Devikrupa Chits is at No 80 Old No 343 12th Main Road Rajajinagar 6th Block, Bangalore, Karnataka, India – 560010.
Devikrupa Chits operates in the financial services industry, in the financial activities segment.