About Flotus Chits Private Limited
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Flotus Chits Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 03 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2020PTC134564. Its GSTIN is 29AAECF0871H1ZK (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Veluri Mogilappanaidu Madhusudhan and Nirmala Veluri.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2021, the company reported a revenue of ₹26.18 Lakh. For the same year it recorded a net loss of ₹35.39 Lakh (net margin -135.2%) and EBITDA of -₹30.92 Lakh (EBITDA margin -118.1%).
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Flotus Chits. As per MCA filings, the company has open charges of ₹16.5 Lakh on record. Court records list 60 cases involving the company, including 60 filed by the company; 28 cases are pending.
For more details, the company can be reached via its website flotuschits.com.
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- WebsiteLocked
- Social MediaLocked
- Registered AddressPinnakinni Archade Plot No. 56 2nd Floor 7th B Main Road Jayanagar 4T, H Block, Bangalore, Karnataka, India – 560011
- IndustryFinancial Services, Microfinance Institutions
- 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 Flotus Chits Private Limited
The main business activity of Flotus 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 Flotus Chits Private Limited FY 2021 filings available
Flotus Chits Private Limited reported revenue of ₹26.18 Lakh for FY 2021.
Financial Statement Summary of Flotus Chits Private Limited
| Metrics | FY 2020-21 |
|---|---|
| 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 | -₹30.92 Lakh |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | -₹35.39 Lakh |
| 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 Flotus Chits Private Limited
| Metrics | FY 2020-21 |
|---|---|
| Profitability | |
| EBITDA Margin | -118.1% |
| Net Profit Margin | -135.2% |
| 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 Flotus Chits are in the company report.
Financial statements from FY 2021
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 Flotus Chits Private Limited
Flotus Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shivsmit Urban Multistate Nidhi Limited | •••• | •••• | •••• | •••• | - | Ahmednagar, Maharashtra, India |
| Cosmos Chitties Pvt Ltd | •••• | •••• | •••• | •••• | - | Trichur, Kerala, India |
| Nimma Nidhi Limited | •••• | •••• | •••• | •••• | - | Raichur, Karnataka, India |
| Sri Vijaya Bama Chits Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| BRD Kuries (India) Limited | •••• | •••• | •••• | •••• | - | Thrissur, Kerala, India |
| Flotus Chits Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Moneypot Chit Funds Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Finspot Micro Foundation | •••• | •••• | •••• | •••• | - | Laxmi Nagar, Delhi, India |
| Nellai Genie Chit Funds Private Limited | •••• | •••• | •••• | •••• | - | Tirunelveli, Tamil Nadu, India |
| Omaastha Women Micro Finance Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Milieu Nidhi Limited | •••• | •••• | •••• | •••• | - | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Flotus Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Flotus Chits Private Limited
Flotus Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veluri Mogilappanaidu Madhusudhan | Director | 03 Jun 2020 | 6 Years 4 Months | Current |
| Nirmala Veluri | Director | 03 Jun 2020 | 6 Years 4 Months | Current |
Charges & Borrowings of Flotus Chits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 May 2025 | Others | ₹16.5 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Flotus Chits Private Limited
Flotus Chits Private Limited has 60 court cases on record: 60 filed by Flotus Chits. 28 cases are pending and 32 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 60 | 0 | 28 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
Full case history
All 60 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Flotus Chits Private Limited
Flotus Chits operates one associated brand: Flotus Chits. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides chit fund schemes for financial savings, borrowing, and investment planning in India. | flotuschits.com |
Employees and EPFO Compliance at Flotus Chits Private Limited
Employment history and EPFO contributions of people linked to Flotus 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 Flotus Chits Private Limited
Flotus Chits Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Nirmala Veluri was appointed as Director on 03 Jun 2020.
Credit Ratings, Litigation & Regulatory Alerts for Flotus 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 Flotus 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 Flotus 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 Flotus Chits Private Limited
Flotus Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECF0871H1ZK | Karnataka | Active | 19 Jun 2020 |
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 Flotus 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 Flotus Chits Private Limited
Flotus Chits is an active private limited company based in Bangalore, Karnataka, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 03 June 2020 (6+ years old) and is registered under CIN U65992KA2020PTC134564.
Flotus Chits reported revenue of ₹26.18 Lakh for FY 2021.
Flotus Chits has 2 current directors:
- Veluri Mogilappanaidu Madhusudhan - Director
- Nirmala Veluri - Director
Flotus Chits reported a net loss of ₹35.39 Lakh (net margin -135.2%) and EBITDA of -₹30.92 Lakh (EBITDA margin -118.1%) for FY 2021, as per its filed financial statements.
The GSTIN of Flotus Chits is 29AAECF0871H1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Flotus Chits is U65992KA2020PTC134564. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flotus Chits has 60 court cases on record: 60 filed by the company. 28 are pending.
Flotus Chits was incorporated on 03 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Flotus Chits by revenue are Shivsmit Urban Multistate Nidhi Limited, Cosmos Chitties Pvt Ltd, Nimma Nidhi Limited, Sri Vijaya Bama Chits Private Limited, BRD Kuries (India) Limited and 5 more, all in the BFSI industry (Micro Finance).
Nirmala Veluri was appointed as Director on 03 Jun 2020. Veluri Mogilappanaidu Madhusudhan was appointed as Director on 03 Jun 2020.
Flotus Chits can be reached through the website flotuschits.com. Its registered office is in Bangalore, Karnataka, India.