Diamond Chit Fund (Gokak) Private Limited
About Diamond Chit Fund (Gokak) Private Limited
Data last updated:
Diamond Chit Fund (Gokak) Private Limited is a private limited company based in Gokak, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 27 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2006PTC039829. Its GSTIN is 29AACCD7515N1Z8 (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Jayaprakash Manohar Wali (Managing Director) and Mahendra Champalal Porwal.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Cts No 2529 Mahaveer Road Raviwarpeth Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2023, the company reported a revenue of ₹48,817, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹95,450 (net margin -195.5%) and EBITDA of -₹90,613 (EBITDA margin -185.6%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 54% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Diamond Chit Fund (Gokak) Private Limited's registered office is in Gokak, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressCts No 2529 Mahaveer Road Raviwarpeth Gokak, Karnataka, India – 591307
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Diamond Chit Fund (Gokak) 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
Financials of Diamond Chit Fund (Gokak) Private Limited
FY 2023 filings availableDiamond Chit Fund (Gokak) Private Limited reported revenue of ₹48,817 (down 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 19% fall in the latest year. EBITDA rose 15% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹90,613 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹95,450 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -185.6% | ||||
| Net Profit Margin | -195.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Diamond Chit Fund (Gokak) Private Limited, buy the company report.
Board of directors of Diamond Chit Fund (Gokak) Private Limited
Diamond Chit Fund (Gokak) has 6 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayaprakash Manohar Wali | Managing Director | 27 Jun 2006 | 20 Years 4 Months | Current |
| Mahendra Champalal Porwal | Director | 27 Jun 2006 | 20 Years 4 Months | Current |
| Mahantesh Gangadhar Tanvashi | Director | 27 Jun 2006 | 20 Years 4 Months | Current |
| Suresh Rathod Also directs: Rakshaum Medical Devices Private Limited | Director | 27 Jun 2006 | 20 Years 4 Months | Current |
| Sunita Vikram Angadi Also directs: Jva Sugarcane and Agro Private Limited | Director | 27 Jun 2006 | 20 Years 4 Months | Current |
| Basavaraj Laxman Huller | Director | 27 Jun 2006 | 20 Years 4 Months | Current |
Peer comparison
Diamond Chit Fund (Gokak) Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Other Financial Services), with 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 |
|---|---|---|---|---|---|---|
| Sona Food Products Private Limited | ₹48,925 (FY 2019) | 9.0% | Kolkata, West Bengal, India | |||
| The New Era Agencies Pvt Ltd | ₹48,910 (FY 2025) | 440.0% | Mumbai, Maharashtra, India | |||
| Diamond Chit Fund (Gokak) Private Limitedthis company | ₹48,817 (FY 2023) | -₹95,450 | -195.5% | -19.0% | Gokak, Karnataka, India | |
| Aster Capital Advisory Services Private Limited | ₹48,710 (FY 2024) | -97.0% | Chennai, Tamil Nadu, India | |||
| Peek Finvest Pvt. Ltd. | ₹48,656 (FY 2025) | -68.0% | Delhi, India | |||
| Prajapati Distributor Private Limited | ₹48,500 (FY 2025) | -10.0% | New Delhi, Delhi, India |
To see the full peer comparison of Diamond Chit Fund (Gokak) Private Limited, buy the company report.
Auditor
Diamond Chit Fund (Gokak) Private Limited is audited by SATEESH NADAGOUDA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SATEESH NADAGOUDA & CO | FY 2022 | 009633S |
Shareholding
The shareholding of Diamond Chit Fund (Gokak) Private Limited is on record for 5 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 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Diamond Chit Fund (Gokak) Private Limited, buy the company report.
Legal cases
Diamond Chit Fund (Gokak) Private Limited has 1 court case on record: 1 filed by Diamond Chit Fund (Gokak). All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka | Disposed |
To see the full case history of Diamond Chit Fund (Gokak) 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 Diamond Chit Fund (Gokak) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Diamond Chit Fund (Gokak) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCD7515N1Z8 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Diamond Chit Fund (Gokak) Private Limited, buy the company report.
Recent activity
Diamond Chit Fund (Gokak) Private Limited has 6 board changes on record since 2006: 6 appointments. The latest: Basavaraj Laxman Huller was appointed as Director on 27 Jun 2006.
Frequently asked questions
Diamond Chit Fund (Gokak) is an active private limited company based in Gokak, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 27 June 2006 (20+ years old) and is registered under CIN U65992KA2006PTC039829.
Diamond Chit Fund (Gokak) has 6 current directors:
- Jayaprakash Manohar Wali - Managing Director
- Mahendra Champalal Porwal - Director
- Mahantesh Gangadhar Tanvashi - Director
- Suresh Rathod - Director
- Sunita Vikram Angadi - Director
- Basavaraj Laxman Huller - Director
The latest financial statements of Diamond Chit Fund (Gokak) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Diamond Chit Fund (Gokak) is 29AACCD7515N1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Diamond Chit Fund (Gokak) is U65992KA2006PTC039829. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Diamond Chit Fund (Gokak) has 1 court case on record: 1 filed by the company.
Diamond Chit Fund (Gokak) was incorporated on 27 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Diamond Chit Fund (Gokak) by revenue are Sona Food Products Private Limited, The New Era Agencies Pvt Ltd, Aster Capital Advisory Services Private Limited, Peek Finvest Pvt. Ltd, Prajapati Distributor Private Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Basavaraj Laxman Huller was appointed as Director on 27 Jun 2006. Jayaprakash Manohar Wali was appointed as Managing Director on 27 Jun 2006. Mahantesh Gangadhar Tanvashi was appointed as Director on 27 Jun 2006. Diamond Chit Fund (Gokak) has 6 board changes on record in total.
The registered office of Diamond Chit Fund (Gokak) is at Cts No 2529 Mahaveer Road Raviwarpeth Gokak, Karnataka, India – 591307.
Diamond Chit Fund (Gokak) operates in the financial services industry, in the diversified financial services segment.
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