Devinidhi Chits Private Limited
About Devinidhi Chits Private Limited
Data last updated:
Devinidhi Chits Private Limited is a private limited company based in Vijayapura, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 22 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2009PTC051250. Its GSTIN is 29AADCD3354L1ZE (Karnataka).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹19 Lakh. It is led by directors including Mallayya Chandrayya Hiremath and Mulchand Sheshamalla Jain.
Its last annual general meeting (AGM) was held on 27 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Barath Bowdi Road, Vijayapura, Karnataka, India – 586101.
As per the financials filed for FY 2021, the company reported a revenue of ₹10.08 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹59,353 (net margin 5.9%) and EBITDA of ₹1.01 Lakh (EBITDA margin 10%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 37% over five years.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressBarath Bowdi Road, Vijayapura, Karnataka, India – 586101
- IndustryFinancial Services, Financial Activities
- 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
- One PDF report, delivered after checkout
Business Activity of Devinidhi Chits Private Limited
The main business activity of Devinidhi Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Devinidhi Chits Private Limited FY 2021 filings available
Devinidhi Chits Private Limited reported revenue of ₹10.08 Lakh (down 44% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Devinidhi Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 44% fall in the latest year. EBITDA fell 36% 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 of Devinidhi Chits Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.01 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹59,353 | •••• | •••• | •••• | •••• |
| 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 of Devinidhi Chits Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Devinidhi Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Devinidhi Chits Private Limited
Devinidhi Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thangaalagar Chit Funds Private Limited | ₹10.09 Lakh (FY 2025) | •••• | •••• | -9.0% | •••• | Madurai, Tamil Nadu, India |
| Ravindra Bharti Financial Services Private Limited | ₹10.09 Lakh (FY 2024) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Charak Chits Pvt.Ltd. | ₹10.09 Lakh (FY 2017) | •••• | •••• | -13.0% | •••• | Harayana, Haryana, India |
| Damien Chits Private Limited | ₹10.09 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | Thrissur, Kerala, India |
| Mangrauni Micro Finance Private Limited | ₹10.08 Lakh (FY 2025) | •••• | •••• | -72.0% | •••• | Saharsa, Bihar, India |
| Devinidhi Chits Private Limited this company | ₹10.08 Lakh (FY 2021) | •••• | •••• | -44.0% | •••• | Vijayapura, Karnataka, India |
| Vasuprada Capital Investment Private Limited | ₹10.08 Lakh (FY 2024) | •••• | •••• | 948.0% | •••• | Bengaluru, Karnataka, India |
| Karkesh Forex Services Private Limited | ₹10.08 Lakh (FY 2023) | •••• | •••• | -30.0% | •••• | Thiruvarur, Tamil Nadu, India |
| New Hill Valley Kuries (Trichur) Private Limited | ₹10.08 Lakh (FY 2025) | •••• | •••• | 9.0% | •••• | Thrissur, Kerala, India |
| Kan Ratan Nidhi Limited | ₹10.08 Lakh (FY 2024) | •••• | •••• | 10.0% | •••• | Ulhasnagar, Maharashtra, India |
| Rajpath Multistate Urban Nidhi Limited | ₹10.08 Lakh (FY 2024) | •••• | •••• | -19.0% | •••• | Udagaon, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Devinidhi Chits by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Devinidhi Chits Private Limited
Devinidhi Chits Private Limited is audited by S.S.Shinde& Co. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.S.Shinde& Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Devinidhi Chits Private Limited
Devinidhi Chits has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mallayya Chandrayya Hiremath | Director | 22 Oct 2009 | 16 Years 11 Months | Current |
| Mulchand Sheshamalla Jain | Additional Director | 28 Mar 2014 | 12 Years 6 Months | Current |
| Prakash Shivappa Manahalli | Additional Director | 28 Mar 2014 | 12 Years 6 Months | Current |
| Rajendrakumar Rudrappa Biradar | Additional Director | 28 Mar 2014 | 12 Years 6 Months | Current |
| Rajashekhar Shreegurushwami Choukimath | Additional Director | 28 Mar 2014 | 12 Years 6 Months | Current |
| Idaram Navaji Ghanchi | Additional Director | 28 Mar 2014 | 12 Years 6 Months | Current |
Ownership and Shareholding of Devinidhi Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Devinidhi Chits Private Limited
Devinidhi Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Devinidhi Chits Private Limited
Employment history and EPFO contributions of people linked to Devinidhi Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Devinidhi Chits Private Limited
Devinidhi Chits Private Limited has 8 board changes on record since 2009: 6 appointments and 2 cessations. The latest: Rajendrakumar Patil ceased to be Director on 31 May 2019.
Credit Ratings, Litigation & Regulatory Alerts for Devinidhi Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Devinidhi Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Devinidhi Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Devinidhi Chits Private Limited
Devinidhi Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCD3354L1ZE | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Devinidhi Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Devinidhi Chits Private Limited
Devinidhi Chits is an active private limited company based in Vijayapura, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 22 October 2009 (17+ years old) and is registered under CIN U65992KA2009PTC051250.
Devinidhi Chits reported revenue of ₹10.08 Lakh for FY 2021 (down 44% YoY).
Devinidhi Chits has 6 current directors:
- Mallayya Chandrayya Hiremath - Director
- Mulchand Sheshamalla Jain - Additional Director
- Prakash Shivappa Manahalli - Additional Director
- Rajendrakumar Rudrappa Biradar - Additional Director
- Rajashekhar Shreegurushwami Choukimath - Additional Director
- Idaram Navaji Ghanchi - Additional Director
Devinidhi Chits reported a net profit of ₹59,353 (net margin 5.9%) and EBITDA of ₹1.01 Lakh (EBITDA margin 10%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Devinidhi Chits is -47% over three years and -37% over five years. In the latest year (FY 2021) revenue fell 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Devinidhi Chits is 29AADCD3354L1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Devinidhi Chits is U65992KA2009PTC051250. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devinidhi Chits was incorporated on 22 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Devinidhi Chits by revenue are Thangaalagar Chit Funds Private Limited, Ravindra Bharti Financial Services Private Limited, Charak Chits Pvt.Ltd, Damien Chits Private Limited, Mangrauni Micro Finance Private Limited and 5 more, all in the same principal business activity (Other financial activities).
Rajendrakumar Patil ceased to be Director on 31 May 2019. Shanmukh Mallappa Jalaji ceased to be Additional Director on 31 May 2019. Idaram Navaji Ghanchi was appointed as Additional Director on 28 Mar 2014. Devinidhi Chits has 8 board changes on record in total.
The registered office of Devinidhi Chits is at Barath Bowdi Road, Vijayapura, Karnataka, India – 586101.