About Glocal Chit Funds Private Limited
Data last updated:
Glocal Chit Funds Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial intermediation and lending segment of the financial services sector. It was incorporated on 11 May 2016.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2016PTC093113.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It was led by directors including Mathikere Ramaiah Seetharam and Mathikere Seetharam Sunder Ram.
Its last annual general meeting (AGM) was held on 24 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 2/4 M S Ramaiah Industrial Estate Msrit Campus Msrit Post Mathikere, Bangalore, Karnataka, India – 560054.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.8 Lakh, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.2 Lakh (net margin 66.7%) and EBITDA of ₹1.66 Lakh (EBITDA margin 92.3%).
The last known website on record is msrdb.com.
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- Social Media
- Registered Address2/4 M S Ramaiah Industrial Estate Msrit Campus Msrit Post Mathikere, Bangalore, Karnataka, India – 560054
- IndustryFinancial Services, Other Financial Intermediation
- 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
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Business Activity of Glocal Chit Funds Private Limited
The main business activity of Glocal Chit Funds is financial and insurance service. In detail, this covers activities by trusts, funds and other financial holding companies.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies | 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 Glocal Chit Funds Private Limited FY 2020 filings available
Glocal Chit Funds Private Limited reported revenue of ₹1.8 Lakh (up 18% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Glocal Chit Funds Private Limited
Revenue rose 18% in the latest year. EBITDA rose 19% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Glocal Chit Funds Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| 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 | ₹1.66 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.2 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 Glocal Chit Funds Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 92.3% | •••• | •••• | •••• |
| Net Profit Margin | 66.7% | •••• | •••• | •••• |
| 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 Glocal Chit Funds are in the company report.
Financial statements from FY 2017
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 Glocal Chit Funds Private Limited
Glocal Chit Funds Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Chit Funds). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Srimanchamma Chit Funds Private Limited | ₹1.97 Lakh (FY 2016) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
| Sri Vishnu Chakraa Chit Funds Private Limited | ₹1.94 Lakh (FY 2017) | •••• | •••• | -72.0% | •••• | Bodinayakanur, Tamil Nadu, India |
| Vijaya Devi Chit Funds Private Limited | ₹1.92 Lakh (FY 2021) | •••• | •••• | -4.0% | •••• | Mudkhed, Maharashtra, India |
| Sri Sai Pravala Chit Funds India Private Limited | ₹1.89 Lakh (FY 2019) | •••• | •••• | -62.0% | •••• | Warangal, Telangana, India |
| Sunctk Chit Funds Private Limited | ₹1.81 Lakh (FY 2018) | •••• | •••• | -65.0% | •••• | Karaikudi, Tamil Nadu, India |
| Glocal Chit Funds Private Limited this company | ₹1.8 Lakh (FY 2020) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Kavumthara Adithya Chit Funds Private Limited | ₹1.8 Lakh (FY 2020) | •••• | •••• | -55.0% | •••• | Kozhikode, Kerala, India |
| Sai Aruna Chit Funds (Gajuwaka) Private Limited | ₹1.79 Lakh (FY 2022) | •••• | •••• | -95.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Rayappan Chit Funds Private Limited | ₹1.78 Lakh (FY 2025) | •••• | •••• | -45.0% | •••• | Coimbatore, Tamil Nadu, India |
| Sabu Babu Chit Funds Private Limited | ₹1.76 Lakh (FY 2022) | •••• | •••• | 179.0% | •••• | Mumbai, Maharashtra, India |
| Thippireddy Chit Funds Private Limited | ₹1.75 Lakh (FY 2022) | •••• | •••• | 1.0% | •••• | Karimnagar, Telangana, India |
Peers are the five companies nearest above and the five nearest below Glocal Chit Funds by revenue in the BFSI industry (Chit Funds), 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 Glocal Chit Funds Private Limited
Glocal Chit Funds Private Limited is audited by VISHNU DAYA & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VISHNU DAYA & 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.
Board of Directors of Glocal Chit Funds Private Limited
Glocal Chit Funds has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mathikere Ramaiah Seetharam | Director | 11 May 2016 | 10 Years 4 Months | As last reported |
| Mathikere Seetharam Sunder Ram | Director | 11 May 2016 | 10 Years 4 Months | As last reported |
| Raksharamaiah | Director | 28 Jun 2017 | 9 Years 3 Months | As last reported |
| Shruthy Seetharam | Director | 11 May 2016 | 10 Years 4 Months | As last reported |
Ownership and Shareholding of Glocal Chit Funds 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 Glocal Chit Funds Private Limited
Glocal Chit Funds Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Glocal Chit Funds Private Limited
Employment history and EPFO contributions of people linked to Glocal Chit Funds.
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 Glocal Chit Funds Private Limited
Glocal Chit Funds Private Limited has 5 board changes on record since 2016: 4 appointments and 1 cessation. The latest: Raksharamaiah was appointed as Director on 28 Jun 2017.
Credit Ratings, Litigation & Regulatory Alerts for Glocal Chit Funds 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 Glocal Chit Funds 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 Glocal Chit Funds 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 Glocal Chit Funds Private Limited
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 Glocal Chit Funds 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 Glocal Chit Funds Private Limited
Glocal Chit Funds has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Glocal Chit Funds was a private limited company based in Bangalore, Karnataka, India. The company worked in other financial intermediation, within the financial services industry. It was incorporated on 11 May 2016 and is registered under CIN U65999KA2016PTC093113. The company has been struck off by the Registrar of Companies and is no longer operational.
Glocal Chit Funds had 4 directors:
- Mathikere Ramaiah Seetharam - Director
- Mathikere Seetharam Sunder Ram - Director
- Raksharamaiah - Director
- Shruthy Seetharam - Director
The CIN (Corporate Identification Number) of Glocal Chit Funds is U65999KA2016PTC093113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Glocal Chit Funds is at 24 M S Ramaiah Industrial Estate Msrit Campus Msrit Post Mathikere, Bangalore, Karnataka, India – 560054.
Glocal Chit Funds was incorporated on 11 May 2016. It is registered with the Registrar of Companies, Bangalore.
Glocal Chit Funds can be reached through the website msrdb.com. Its registered office is in Bangalore, Karnataka, India.
Glocal Chit Funds reported revenue of ₹1.8 Lakh for FY 2020 (up 18% YoY).
Glocal Chit Funds has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh.
Glocal Chit Funds reported a net profit of ₹1.2 Lakh (net margin 66.7%) and EBITDA of ₹1.66 Lakh (EBITDA margin 92.3%) for FY 2020, as per its filed financial statements.
Glocal Chit Funds operated in the financial services industry, in the other financial intermediation segment. It worked in this industry before it was struck off.