Giridhwani Chits Private Limited
About Giridhwani Chits Private Limited
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Giridhwani Chits Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 02 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2015PTC079101.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Shivappa Chikodi Ramappa and Deepak Mahadev Pattanshetti.
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 No. 436 Sheri Galli Belgaum, Karnataka, India – 590001.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.37 Lakh, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹47,500 (net margin -10.9%) and EBITDA of -₹39,800 (EBITDA margin -9.1%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 16% over five years.
Court records list 6 cases involving the company, including 6 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Giridhwani Chits Private Limited's registered office is in Belgaum, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 436 Sheri Galli Belgaum, Karnataka, India – 590001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Giridhwani Chits 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
Business activity
The main business activity of Giridhwani Chits is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Giridhwani Chits Private Limited, buy the company report.
Financials of Giridhwani Chits Private Limited
FY 2023 filings availableGiridhwani Chits Private Limited reported revenue of ₹4.37 Lakh (down 23% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 23% fall in the latest year. EBITDA rose 51% 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 | -₹39,800 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹47,500 | ||||
| Balance Sheet | |||||
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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 | -9.1% | ||||
| Net Profit Margin | -10.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Giridhwani Chits Private Limited, buy the company report.
Board of directors of Giridhwani Chits Private Limited
Giridhwani Chits has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivappa Chikodi Ramappa Also directs: Mahanidhi Chits Private Limited | Director | 02 Mar 2015 | 11 Years 7 Months | Current |
| Deepak Mahadev Pattanshetti | Director | 02 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Giridhwani Chits Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Pasham Chits Private Limited | ₹4.38 Lakh (FY 2019) | -57.0% | Hyderabad, Telangana, India | |||
| Sadh Keerthi Chits Private Limited | ₹4.38 Lakh (FY 2023) | -53.0% | Mala, Kerala, India | |||
| KVP India Nidhi Limited | ₹4.38 Lakh (FY 2024) | 4.0% | Andhra Pradesh, India | |||
| Ramanand Urban Nidhi Limited | ₹4.38 Lakh (FY 2024) | -38.0% | Latur, Maharashtra, India | |||
| Starklife India Nidhi Limited | ₹4.38 Lakh (FY 2019) | 2077.0% | Bareilly, Uttar Pradesh, India | |||
| Giridhwani Chits Private Limitedthis company | ₹4.37 Lakh (FY 2023) | -₹47,500 | -10.9% | -23.0% | Belgaum, Karnataka, India | |
| Real Trustee Advisory Company Private Limited | ₹4.37 Lakh (FY 2025) | 277.0% | Mumbai, Maharashtra, India | |||
| Bagaria Holdings Pvt.Ltd. | ₹4.37 Lakh (FY 2025) | 4.0% | Kolkata, West Bengal, India | |||
| Hrithiksha Financial Services Private Limited | ₹4.37 Lakh (FY 2023) | Hyderabad, Telangana, India | ||||
| Siddra Sufiya Nidhi Limited | ₹4.36 Lakh (FY 2024) | -24.0% | Guwahati, Assam, India | |||
| Lad City Vidarbha Kshetra Micro Finance Private Limited | ₹4.36 Lakh (FY 2025) | 2.0% | Karanja, Maharashtra, India |
To see the full peer comparison of Giridhwani Chits Private Limited, buy the company report.
Auditor
Giridhwani Chits Private Limited is audited by VIJAY PANCHAPPA AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY PANCHAPPA AND CO | FY 2017 | 004693S |
Shareholding
The shareholding of Giridhwani Chits Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Giridhwani Chits Private Limited, buy the company report.
Legal cases
Giridhwani Chits Private Limited has 6 court cases on record: 6 filed by Giridhwani Chits. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Giridhwani Chits 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 Giridhwani Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Giridhwani Chits Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Giridhwani Chits Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Deepak Mahadev Pattanshetti was appointed as Director on 02 Mar 2015.
Frequently asked questions
Giridhwani Chits is an active private limited company based in Belgaum, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 02 March 2015 (11+ years old) and is registered under CIN U65992KA2015PTC079101.
Giridhwani Chits has 2 current directors:
- Shivappa Chikodi Ramappa - Director
- Deepak Mahadev Pattanshetti - Director
The latest financial statements of Giridhwani Chits 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 CIN (Corporate Identification Number) of Giridhwani Chits is U65992KA2015PTC079101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Giridhwani Chits has 6 court cases on record: 6 filed by the company.
Giridhwani Chits was incorporated on 02 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Giridhwani Chits by revenue are Pasham Chits Private Limited, Sadh Keerthi Chits Private Limited, KVP India Nidhi Limited, Ramanand Urban Nidhi Limited, Starklife India Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Deepak Mahadev Pattanshetti was appointed as Director on 02 Mar 2015. Shivappa Chikodi Ramappa was appointed as Director on 02 Mar 2015.
The registered office of Giridhwani Chits is at No. 436 Sheri Galli Belgaum, Karnataka, India – 590001.
Giridhwani Chits operates in the financial services industry, in the financial activities segment.
The compliance status of Giridhwani Chits is compliant as of 25 August 2026. The company is actively filing with the Registrar of Companies.