Hubli Chits Private Limited
About Hubli Chits Private Limited
Data last updated:
Hubli Chits Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 11 November 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65992KA1992PTC013684.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Dhanaraj Jartarghar (Managing Director) and Amit M Metrani.
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 Iifloor Eureka Centerkoppikar Road Hubli, Karnataka, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.34 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹79,192 (net margin -33.9%) and EBITDA of -₹78,015 (EBITDA margin -33.4%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 29% over five years.
Court records list 54 cases involving the company, including 52 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressIifloor Eureka Centerkoppikar Road Hubli, Karnataka, India
- IndustryFinancial Services, Financial Activities
- 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 Hubli Chits Private Limited
The main business activity of Hubli 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 Hubli Chits Private Limited FY 2024 filings available
Hubli Chits Private Limited reported revenue of ₹2.34 Lakh (down 64% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Hubli Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 64% fall in the latest year. EBITDA rose 84% 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 Hubli Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹78,015 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹79,192 | •••• | •••• | •••• | •••• |
| 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 Hubli Chits Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -33.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -33.9% | •••• | •••• | •••• | •••• |
| 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 Hubli 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.
Peer Comparison of Hubli Chits Private Limited
Hubli Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yudhisthir Developers Private Limited | ₹2.34 Lakh (FY 2025) | •••• | •••• | -55.0% | •••• | Mumbai, Maharashtra, India |
| Duke Management Services Pvt Ltd | ₹2.34 Lakh (FY 2025) | •••• | •••• | 8.0% | •••• | Kolkata, West Bengal, India |
| Pride Paradise and Development Private Limited | ₹2.34 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Prestige Enterprises Private Limited | ₹2.34 Lakh (FY 2022) | •••• | •••• | -51.0% | •••• | New Delhi, Delhi, India |
| Vedant Consultancy Pvt. Ltd. | ₹2.34 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Hubli Chits Private Limited this company | ₹2.34 Lakh (FY 2024) | •••• | •••• | -64.0% | •••• | Hubli, Karnataka, India |
| Vakharia Consultancy Pvt Ltd | ₹2.34 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Bodhsons Investment and Finance Private Limited | ₹2.33 Lakh (FY 2025) | •••• | •••• | 1820.0% | •••• | New Delhi, Delhi, India |
| Sairam Broking Private Limited | ₹2.33 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Mohima Consultancy Private Limited | ₹2.32 Lakh (FY 2025) | •••• | •••• | 23.0% | •••• | Kolkata, West Bengal, India |
| Grotez Bharat Private Limited | ₹2.32 Lakh (FY 2025) | •••• | •••• | 167.0% | •••• | Udaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Hubli Chits by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities), 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 Hubli Chits Private Limited
Hubli Chits Private Limited is audited by Jituri & Co for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Jituri & 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 Hubli Chits Private Limited
Hubli Chits has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit M Metrani | Director | 24 Apr 2023 | 3 Years 5 Months | Current |
| Dhanaraj Jartarghar | Managing Director | 24 Apr 2023 | 3 Years 5 Months | Current |
| Ajay Ashok Miskin | Director | 24 Apr 2023 | 3 Years 5 Months | Current |
| Sagar Kalburgi | Director | 24 Apr 2023 | 3 Years 5 Months | Current |
Ownership and Shareholding of Hubli 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 Hubli Chits Private Limited
Hubli Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Hubli Chits Private Limited
Hubli Chits Private Limited has 54 court cases on record: 52 filed by Hubli Chits, 1 filed against it, 1 where it is another party. 1 case is pending and 53 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 51 | 1 | 1 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against Shoukat Ali D Hukkeri M/S Azmer Garments R/O Station Road Hubballi | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed by the company against Shoukat Ali D Hukkeri M/S Azmer Garments R/O Station Road Hubballi | Disposed |
Full case history
All 54 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 Hubli Chits Private Limited
Employment history and EPFO contributions of people linked to Hubli 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 Hubli Chits Private Limited
Hubli Chits Private Limited has 11 board changes on record since 2009: 4 appointments and 7 cessations. The latest: Anant Baddi Mahadusa ceased to be Managing Director on 19 May 2023.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hubli 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 Hubli 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 Hubli 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 Hubli Chits 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 Hubli 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 Hubli Chits Private Limited
Hubli Chits is an active private limited company based in Hubli, Karnataka, India. The company works in financial activities, within the financial services industry. It was incorporated on 11 November 1992 (34+ years old) and is registered under CIN U65992KA1992PTC013684.
Hubli Chits reported revenue of ₹2.34 Lakh for FY 2024 (down 64% YoY).
Hubli Chits has 4 current directors:
- Dhanaraj Jartarghar - Managing Director
- Amit M Metrani - Director
- Ajay Ashok Miskin - Director
- Sagar Kalburgi - Director
Hubli Chits reported a net loss of ₹79,192 (net margin -33.9%) and EBITDA of -₹78,015 (EBITDA margin -33.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hubli Chits is -31% over three years and -29% over five years. In the latest year (FY 2024) revenue fell 64%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Hubli Chits is U65992KA1992PTC013684. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hubli Chits has 54 court cases on record: 52 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Hubli Chits was incorporated on 11 November 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hubli Chits by revenue are Yudhisthir Developers Private Limited, Duke Management Services Pvt Ltd, Pride Paradise and Development Private Limited, Prestige Enterprises Private Limited, Vedant Consultancy Pvt. Ltd. and 5 more, all in the same principal business activity (Activities auxiliary to financial service and insurance activities).
Anant Baddi Mahadusa ceased to be Managing Director on 19 May 2023. Ganesh Bhagawantrao Dadmode ceased to be Director on 19 May 2023. Surendra Konersa Baddi ceased to be Director on 19 May 2023. Hubli Chits has 11 board changes on record in total.
The registered office of Hubli Chits is at Iifloor Eureka Centerkoppikar Road Hubli, Karnataka, India.