Gadag Chits Private Limited
About Gadag Chits Private Limited
Data last updated:
Gadag Chits Private Limited is a private limited company based in Gadag, Karnataka, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 02 February 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1998PTC023339. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹24.99 Lakh and a paid-up capital of ₹18.04 Lakh. It is led by directors including Lalita Hanumantrao Kulkarni (Managing Director) and Geeta Vithal Kulkarni.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vivekanand Road Behind Prasad Nursing Home, Gadag, Karnataka, India – 582101.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.82 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.24 Lakh (net margin 6.3%) and EBITDA of ₹1.48 Lakh (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 151% over five years.
Court records list 17 cases involving the company, including 16 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressVivekanand Road Behind Prasad Nursing Home, Gadag, Karnataka, India – 582101
- IndustryFinancial Services, Diversified Financial Services
- 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 Gadag Chits Private Limited
The main business activity of Gadag Chits is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance 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 Gadag Chits Private Limited FY 2025 filings available
Gadag Chits Private Limited reported revenue of ₹19.82 Lakh (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Gadag Chits Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 151% over five years, including 8% growth in the latest year. EBITDA rose 48% 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 Gadag Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | 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 | ₹1.48 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.24 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 Gadag Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.3% | •••• | •••• | •••• | •••• |
| 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 Gadag 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.
Board of Directors of Gadag Chits Private Limited
Gadag Chits has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Geeta Vithal Kulkarni | Director | 07 May 2005 | 21 Years 5 Months | Current |
| Vandana Kulkarni Ramesh | Director | 31 Jul 2023 | 3 Years 2 Months | Current |
| Ravindra Dattataraya Vernekar Also directs: Pranavima Insurance Broking Services Private Limited | Director | 01 Nov 1999 | 26 Years 11 Months | Current |
| Lalita Hanumantrao Kulkarni Also directs: Niraalambha Hotels and Ventures Private Limited, Veeranarayana Chits Private Limited, Sri Lalitamba Nidhi Limited and 1 more | Managing Director | 02 Feb 1998 | 28 Years 8 Months | Current |
Peer Comparison of Gadag Chits Private Limited
Gadag Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alishan Encklave Pvt Ltd | ₹19.84 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Kolkata, West Bengal, India |
| Fiscus Grow Private Limited | ₹19.83 Lakh (FY 2024) | •••• | •••• | 155.0% | •••• | Delhi, India |
| Calculus Homes Private Limited | ₹19.83 Lakh (FY 2024) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Shiraj Marketing Private Limited | ₹19.83 Lakh (FY 2024) | •••• | •••• | -97.0% | •••• | Delhi, India |
| Vainavin Corporate Private Limited | ₹19.82 Lakh (FY 2025) | •••• | •••• | -1.0% | •••• | Bhilai, Chhattisgarh, India |
| Gadag Chits Private Limited this company | ₹19.82 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Gadag, Karnataka, India |
| Singhi Finlease Private Limited | ₹19.81 Lakh (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Finecore Financial Services Private Limited | ₹19.81 Lakh (FY 2020) | •••• | •••• | 17.0% | •••• | Vadodara, Gujarat, India |
| Raising Customer Services Private Limited | ₹19.81 Lakh (FY 2024) | •••• | •••• | -55.0% | •••• | New Delhi, Delhi, India |
| Jivap Securities Private Limited | ₹19.8 Lakh (FY 2025) | •••• | •••• | 112.0% | •••• | Delhi, India |
| Prerna Healthcare Private Limited | ₹19.79 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Gadag Chits by revenue in the BFSI industry (Other Financial Services), 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 Gadag Chits Private Limited
Gadag Chits Private Limited is audited by BENNUR NAGARAJA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BENNUR NAGARAJA & 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.
Ownership and Shareholding of Gadag 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 Gadag Chits Private Limited
Gadag Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Gadag Chits Private Limited
Gadag Chits Private Limited has 17 court cases on record: 16 filed by Gadag Chits, 1 where it is another party. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GADAG, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, GADAG, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, GADAG, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, GADAG, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, GADAG, Karnataka | Court case (Ex.C) | Filed by the company against an individual | Disposed |
Full case history
All 17 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.
Employees and EPFO Compliance at Gadag Chits Private Limited
Employment history and EPFO contributions of people linked to Gadag 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 Gadag Chits Private Limited
Gadag Chits Private Limited has 6 board changes on record since 1998: 4 appointments and 2 cessations. The latest: Vandana Kulkarni Ramesh was appointed as Director on 31 Jul 2023.
Credit Ratings, Litigation & Regulatory Alerts for Gadag 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 Gadag 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 Gadag 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 Gadag Chits Private Limited
Gadag Chits has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Gadag 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 Gadag Chits Private Limited
Gadag Chits is an active private limited company based in Gadag, Karnataka, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 02 February 1998 (28+ years old) and is registered under CIN U65992KA1998PTC023339.
Gadag Chits reported revenue of ₹19.82 Lakh for FY 2025 (up 8% YoY).
Gadag Chits has 4 current directors:
- Lalita Hanumantrao Kulkarni - Managing Director
- Geeta Vithal Kulkarni - Director
- Vandana Kulkarni Ramesh - Director
- Ravindra Dattataraya Vernekar - Director
Gadag Chits reported a net profit of ₹1.24 Lakh (net margin 6.3%) and EBITDA of ₹1.48 Lakh (EBITDA margin 7.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gadag Chits is 151% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
No. Gadag Chits has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Gadag Chits is U65992KA1998PTC023339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gadag Chits has 17 court cases on record: 16 filed by the company. Most are in the district courts.
Gadag Chits was incorporated on 02 February 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Gadag Chits by revenue are Alishan Encklave Pvt Ltd, Fiscus Grow Private Limited, Calculus Homes Private Limited, Shiraj Marketing Private Limited, Vainavin Corporate Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Vandana Kulkarni Ramesh was appointed as Director on 31 Jul 2023. Hanumantrao Mahadevrao Kulkarni ceased to be Managing Director on 13 Jan 2021. Lalita Hanumantrao Kulkarni ceased to be Director on 13 Jan 2021. Gadag Chits has 6 board changes on record in total.