Honnakuppi Chits Private Limited
About Honnakuppi Chits Private Limited
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Honnakuppi Chits Private Limited is a private limited company based in Gokak, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 20 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA2013PTC068671. Its GSTIN is 29AADCH1590A1ZV (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Suresh Basappa Sannakki and Vanishree Suresh Sannakki.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Cts No 3195/B/31 Near Hdfc Bank Opp Sub Jail, Gokak, Karnataka, India – 591307.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.53 Lakh, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Lakh (net margin 2.5%) and EBITDA of ₹2.96 Lakh (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
Court records list 94 cases involving the company, including 91 filed by the company and 3 filed against it; 22 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Honnakuppi Chits Private Limited's registered office is in Gokak, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCts No 3195/B/31 Near Hdfc Bank Opp Sub Jail, Gokak, Karnataka, India – 591307
- IndustryFinancial Services, Financial Activities
To see the full contact details of Honnakuppi 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 Honnakuppi Chits is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Honnakuppi Chits Private Limited, buy the company report.
Financials of Honnakuppi Chits Private Limited
FY 2024 filings availableHonnakuppi Chits Private Limited reported revenue of ₹50.53 Lakh (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 14% growth in the latest year. EBITDA rose 38% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.96 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.28 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 2.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Honnakuppi Chits Private Limited, buy the company report.
Board of directors of Honnakuppi Chits Private Limited
Honnakuppi Chits has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Basappa Sannakki | Director | 20 Apr 2013 | 13 Years 6 Months | Current |
| Vanishree Suresh Sannakki | Director | 17 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
Honnakuppi Chits Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (financial service activities, except insurance and pension funding), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Beesawa Securities Services Private Limited | ₹51.08 Lakh (FY 2025) | -50.0% | Nagpur, Maharashtra, India | |||
| Ask Alternatives Managers Private Limited | ₹50.97 Lakh (FY 2025) | 101840.0% | Mumbai, Maharashtra, India | |||
| Veer Finance Limited | ₹50.89 Lakh (FY 2025) | 42.0% | Mumbai, Maharashtra, India | |||
| Innovative Management and Funding Strategies Private Limited | ₹50.7 Lakh (FY 2025) | -48.0% | Mumbai, Maharashtra, India | |||
| Enoch Intermediaries Private Limited | ₹50.7 Lakh (FY 2025) | 60.0% | New Delhi, Delhi, India | |||
| Honnakuppi Chits Private Limitedthis company | ₹50.53 Lakh (FY 2025) | ₹1.28 Lakh | 2.5% | 14.0% | Gokak, Karnataka, India | |
| V Loan Wala Private Limited | ₹50.52 Lakh (FY 2025) | 112.0% | Delhi, India | |||
| BPM Business Ventures Private Limited | ₹50.2 Lakh (FY 2025) | -24.0% | Nashik, Maharashtra, India | |||
| Samanya Advisory Private Limited | ₹50.2 Lakh (FY 2024) | 180.0% | Mumbai, Maharashtra, India | |||
| Mik Staff Solutions Private Limited | ₹50.1 Lakh (FY 2025) | New Delhi, Delhi, India | ||||
| Kanzan Investments Private Limited | ₹50.04 Lakh (FY 2025) | Mumbai, Maharashtra, India |
To see the full peer comparison of Honnakuppi Chits Private Limited, buy the company report.
Auditor
Honnakuppi Chits Private Limited is audited by GADADI & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GADADI & ASSOCIATES | FY 2017 | 223752 |
Shareholding
The shareholding of Honnakuppi Chits Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Honnakuppi Chits Private Limited, buy the company report.
Legal cases
Honnakuppi Chits Private Limited has 94 court cases on record: 91 filed by Honnakuppi Chits, 3 filed against it. 22 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 93 | 2 | 21 |
| High courts | 1 | 1 | 1 |
Cases on record (5 of 94)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Honnakuppi 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 Honnakuppi Chits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Honnakuppi Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH1590A1ZV | Karnataka | Active | 20 Feb 2020 |
To see the full GST registrations and return filing status of Honnakuppi Chits Private Limited, buy the company report.
Recent activity
Honnakuppi Chits Private Limited has 12 board changes on record since 2013: 2 appointments and 10 cessations. The latest: Vanishree Suresh Sannakki ceased to be Additional Director on 29 Sep 2022.
3 earlier events are in the company report.
Frequently asked questions
Honnakuppi Chits is an active private limited company based in Gokak, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 20 April 2013 (13+ years old) and is registered under CIN U65992KA2013PTC068671.
Honnakuppi Chits has 2 current directors:
- Suresh Basappa Sannakki - Director
- Vanishree Suresh Sannakki - Director
The latest financial statements of Honnakuppi Chits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Honnakuppi Chits is 29AADCH1590A1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Honnakuppi Chits is U65992KA2013PTC068671. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Honnakuppi Chits has 94 court cases on record: 91 filed by the company and 3 filed against it. 22 are pending. Most are in the district courts.
Honnakuppi Chits was incorporated on 20 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Honnakuppi Chits by revenue are Beesawa Securities Services Private Limited, Ask Alternatives Managers Private Limited, Veer Finance Limited, Innovative Management and Funding Strategies Private Limited, Enoch Intermediaries Private Limited and 5 more, all in the same principal business activity (financial service activities, except insurance and pension funding).
Vanishree Suresh Sannakki ceased to be Additional Director on 29 Sep 2022. Shivalingappa Mallappa Baligar ceased to be Director on 17 Jan 2022. Vanishree Suresh Sannakki was appointed as Director on 17 Jan 2022. Honnakuppi Chits has 12 board changes on record in total.
The registered office of Honnakuppi Chits is at Cts No 3195B31 Near Hdfc Bank Opp Sub Jail, Gokak, Karnataka, India – 591307.
Honnakuppi Chits operates in the financial services industry, in the financial activities segment.
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