Firststep Chits Private Limited - Company Profile

It is a financial services private limited company based in Sindhanur, Karnataka, India, established in 2011.
2011 Sindhanur, Karnataka, India Active
Last Updated:
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About Firststep Chits Private Limited

Firststep Chits Private Limited, a active private limited company, was established on 07 July 2011 in Sindhanur, Karnataka, India. Engaging in microfinance institutions within the financial and insurance service sector, it holds CIN: U65992KA2011PTC059525. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹2.50 M and a paid-up capital of ₹2.00 M.

It upholds a compliant status. Its leadership includes Bharathi Jayanthi (Director), Vani Paramesh (Director), Rajashekar (Director). Past directors included Nooti Sreekanth, Shankar Dutt. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at No. 6-1-2238, 1St Floor, Chandana Complex Above Kpf Motors, Kustagi Road, Sindhanur, Karnataka, 584128.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U65992KA2011PTC059525

  • Registration Number

    059525

  • Incorporation Date

    07 July 2011

  • Authorized Capital

    ₹2.50 M

  • Paid-Up Capital

    ₹2.00 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 2.00 M
  • Company Age 14 Year, 8 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth **** -34.38%
  • Profit Growth **** -74.59%
  • Ebitda **** -129.35%
  • Net Worth 3.38%
  • Total Assets -40.82%
Company report

Firststep Chits Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Firststep Chits Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Firststep Chits Private Limited?
Current Directors
Name Designation Appointment Date Status
Bharathi Jayanthi Director 30 Sep 2016 Current
Vani Paramesh Director 30 Sep 2016 Current
Rajashekar Director 30 Sep 2016 Current
Srinivasulu Manne Director 30 Sep 2016 Current
Nagesh Gupta Makam Director 07 Jul 2011 Current
Raju Kollabhovi Director 07 Jul 2011 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 01 Jun 2019 Past
Pramod Abcsdd Director 14 Nov 2024 Past

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Financial Performance of Firststep Chits.

Firststep Chits Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 34.38% decrease. The company also saw a substantial fall in profitability, with a 74.59% decrease in profit. The company's net worth moved up by a moderate rise of 3.38%.

Firststep Chits revenue growth over time
Firststep Chits profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -34.38%
*******
*******
*******
*******
Revenue from Operations
*******
 -34.46%
*******
*******
*******
*******
Total Assets
*******
 -40.82%
*******
*******
*******
*******
Profit or Loss
*******
 -74.59%
*******
*******
*******
*******
Net Worth
*******
 3.38%
*******
*******
*******
*******
EBITDA
*******
 -129.35%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Firststep Chits?

In 2020, Firststep Chits had a promoter holding of 90.00% and a public holding of 10.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Firststep Chits?

Unlock and access historical data on people associated with Firststep Chits, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Firststep Chits, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Firststep Chits's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Firststep Chits
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Firststep Chits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Balance Sheet

    Firststep Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was recorded as a recent event.

  • Director Appointment

    Bharathi Jayanthi was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 9 years 6 months . was recorded as a recent event.

  • Director Appointment

    Vani Paramesh was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 9 years 6 months . was recorded as a recent event.

  • Director Appointment

    The activity Rajashekar was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 9 years 6 months . was completed.

  • Director Appointment

    Srinivasulu Manne was appointed as a Director was appointed as a Director on 30 Sep 2016 & has been associated with this company since 9 years 6 months . was recorded as a recent event.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Firststep Chits Private Limited?

The CIN of Firststep Chits Private Limited is U65992KA2011PTC059525.

Where is Firststep Chits Private Limited headquartered?

Firststep Chits Private Limited is headquartered at No. 6-1-2238, 1St Floor, Chandana Complex Above Kpf Motors, Kustagi Road, Sindhanur, Karnataka, 584128.

When was Firststep Chits Private Limited incorporated?

Firststep Chits Private Limited was incorporated on 07 July 2011.

Who are the current directors of Firststep Chits Private Limited?

The current directors of Firststep Chits Private Limited are

What is the primary industry of Firststep Chits Private Limited?

The primary industry of Firststep Chits Private Limited is Financial And Insurance Service.

Is Firststep Chits Private Limited a listed company?

Firststep Chits Private Limited is unlisted.

What is the capital structure of Firststep Chits Private Limited?

The authorized capital of Firststep Chits Private Limited is ₹2.50 M, and the paid-up capital is ₹2.00 M.

What is the compliance status of Firststep Chits Private Limited?

The compliance status of Firststep Chits Private Limited is Compliant.

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